Visakhapatnam Pin Codes: 5 Most Expensive Areas in Visakhapatnam

Visakhapatnam, also known as Vizag, is a coastal city located in the Indian state of Andhra Pradesh. The city is known for its beautiful beaches, hill stations, and industrial sectors. Visakhapatnam has been recognized as one of the fastest-growing cities in India, with a growing number of people moving here for work, education, and a better quality of life. However, as with any fast-growing city, the cost of living can vary greatly depending on the location. In this article, we will be looking at the top 5 most expensive pin codes in Visakhapatnam city to live in.

Pin Code 530003

The first pin code on our list is 530003. This pin code covers the areas of MVP Colony and Seethammadhara, which are among the most sought-after locations in Visakhapatnam. The cost of living in this area is quite high, with a one-bedroom apartment costing around INR 12,000 to 15,000 per month, and a two-bedroom apartment costing between INR 20,000 to 30,000 per month. The average property rate in this area is around INR 12,000 to 15,000 per square foot.

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Pin Code 530017

The second pin code on our list is 530017. This pin code covers the areas of Dwaraka Nagar, Siripuram, and Jagadamba Junction. These areas are known for their proximity to commercial and entertainment hubs, making them popular among young professionals and families. The cost of living in this area is also quite high, with a one-bedroom apartment costing around INR 10,000 to 15,000 per month, and a two-bedroom apartment costing between INR 18,000 to 25,000 per month. The average property rate in this area is around INR 10,000 to 12,000 per square foot.

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Pin Code 530013

The third pin code on our list is 530013. This pin code covers the areas of CBM Compound, Maharani Peta, and Asilmetta. These areas are known for their luxury villas and gated communities, making them popular among high-income earners and expats. The cost of living in this area is very high, with a one-bedroom apartment costing around INR 15,000 to 20,000 per month, and a two-bedroom apartment costing between INR 25,000 to 40,000 per month. The average property rate in this area is around INR 15,000 to 20,000 per square foot.

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Pin Code 530002

The fourth pin code on our list is 530002. This pin code covers the areas of Waltair, Ram Nagar, and Beach Road. These areas are known for their scenic beauty and proximity to the beach, making them popular among tourists and high-income earners. The cost of living in this area is quite high, with a one-bedroom apartment costing around INR 12,000 to 18,000 per month, and a two-bedroom apartment costing between INR 22,000 to 30,000 per month. The average property rate in this area is around INR 12,000 to 15,000 per square foot.

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Pin Code 530040

The fifth and final pin code on our list is 530040. This pin code covers the areas of Madhurawada and Rushikonda, which are located on the outskirts of Visakhapatnam. These areas are known for their serene environment and proximity to educational institutions, making them popular among families and students. The cost of living in this area is comparatively lower than the other pin codes on our list, with a one-bedroom apartment costing around INR 8,000 to 12,000 per month, and a two-bedroom apartment costing between INR 15,000 to 20,000 per month. The average property rate in this area is around INR 8,000 to 10,000 per square foot.

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Conclusion

In conclusion, Visakhapatnam city offers a range of options when it comes to living spaces, with each pin code offering its own set of advantages and disadvantages. While the pin codes mentioned in this article are known for being the most expensive areas to live in, it is important to note that the cost of living can vary greatly depending on various factors such as the size of the apartment, the amenities provided, and the proximity to commercial and entertainment hubs.