Project Of The Week: Indiabulls Sierra
Visakhapatnam is the financial capital and one of the largest cities of Andhra Pradesh. The city embraces a mix of population and offers them plenty of opportunities and a great living environment.
In terms of real estate, the city is being explored by a lot of investors and developers. One such developers is Indiabulls which has come up with its latest residential project in Madhurwada called Sierra.
Here's a detailed analysis of the project:
The project
Indiabulls Sierra has a total of 404 apartments, a mix of three different configurations - 1BHK, 2BHK, and 3BHK. The super built-up area of the apartments here ranges between 891 and 1,648 sq ft. The project, which was launched in 2014, will be up for possession in 2017. The residential tower will be developed based on latest trends in contemporary architecture. The project will house day to day needs and requirements of the residents and along with premium amenities. Some of them are:
The locality
Madhurwada is one of the most convenient residential suburbs of Visakhapatnam. It is located at a distance of 16 km from the main city area and enjoys good connectivity with other areas with the help of a good road network. The project location offers required infrastructure to the dwellers. Some of the noted advantages of the project location are :
Infrastructure & future prospect
Madhurwada is an emerging suburb, which is being seen to have great potential for real estate. The area is home to Andhra Cricket Association-Visakhapatnam District Cricket Association (ACA VDCA) cricket stadium and also has campuses of many renowned business organisations. The area has seen a rise of nine per cent in property prices in last one year, driven by a rising demand for property here. This increasing demand is surely going to take the price graph upwards.
The price
Indiabulls Sierra offers apartments at a price of Rs 3,300 per sq ft. The average property price of the locality is Rs 3,230 per sq ft. Some of the similar projects such as Neptune Summit 696, Chilukuri Housing Projects and Shriram Properties Sky are available at the prices of Rs 3,699, Rs 3,000 and Rs 3,230 per sq ft, respectively.
The developer
Indiabulls is a popular real estate developing company, developing a variety of infrastructural projects. The company has its projects across cities including Chennai, Hyderabad, Noida, Gurgaon, among others. Some of the top projects by the developer are Indiabulls Sky at Mumbai and Indiabulls Vatika at Ahmedabad.
PropGuide's verdict
| Parameter | Remarks |
| Project | Good |
| Price | Average |
| Locality | Very good |
| Builder | Good |
Overall recommendations
This project is worth investing in for both home buyers as well as investors. For any assistance, feel free to contact PropTiger.com.