Vizianagaram Real Estate Boom: Airport Corridor Properties Draw Major Investment by 2026

Real estate developers have accelerated construction activities in areas surrounding the upcoming Bhogapuram International Airport in Vizianagaram district, capitalizing on the anticipated property demand surge once the airport becomes operational by June 2026.

Major Construction Activity Along Airport Corridor

Sources indicate that unprecedented construction activity has been witnessed between Vizianagaram and Bhogapuram over recent months, driven by the international airport project currently under development by GMR Group. The company has been constructing the airport infrastructure on an expedited schedule, with completion targeted within the next year following continuous monitoring by both Union and State governments.

Economic activity has intensified significantly across the 15-kilometer stretch connecting the district headquarters to the airport area. This development surge represents a marked shift from the previously sluggish pace of construction in the region.

Real Estate Firms Target Strategic Locations

Multiple real estate companies have initiated construction of villas, individual houses and apartments in strategic locations including Denkada, Natavalasa, and other areas within the Bhogapuram airport region. Industry experts note that this construction boom reflects developers' confidence in future property demand once the airport becomes fully operational.

Real estate activity had remained subdued until approximately one year ago, despite the airport proposal, primarily due to execution delays. However, the accelerated construction pace at the airport site has restored confidence among builders, leading to the launch of numerous residential projects in Denkada, which serves as the nearest mandal headquarters to Bhogapuram.

Strategic Location Preferences Drive Development

Aviation regulations and elevated land values in Bhogapuram mandal have influenced builders to focus their projects in Denkada and Natavalasa. These locations offer proximity advantages to both Vizianagaram city and the airport, while also being close to pharmaceutical hubs in Pusapatirega and Pydibhimavaram industrial zones.

Current market valuations indicate that land costs approximately ₹15,000 per square yard in the Denkada area, while prices near Bhogapuram reach around ₹22,000 per square yard, according to local market assessments.

Industry Leaders Highlight Investment Potential

Gopisetty Bhaskar Anil Kumar, who serves as treasurer for the Confederation of Real Estate Developers Association of India (CREDAI) Vizianagaram chapter and Managing Director of G.B. Construction, stated that numerous buyers have shown interest in acquiring villas and apartments near the airport due to reasonable pricing compared to Visakhapatnam and other cities in the state.

Kumar drew parallels to Hyderabad's development trajectory, explaining that following the construction of Hitec City and Shamshabad airport, land values experienced steep increases within a decade. He noted that buyers from other cities are actively booking properties in Denkada, Pusapatirega, and surrounding areas, anticipating substantial returns in the near future.

Vision for Urban Transformation

D. Square Company Managing Partner Gurana Jagadish and Assure Developers Managing Director Gopinath Reddy indicated that areas surrounding the airport are expected to develop an urban character. This transformation will be supported by proposed infrastructure including seven-star hotels, an Aviation University, and other significant developments that will enhance the region's appeal as an investment destination.

The development pattern mirrors successful airport-driven real estate growth witnessed in other major Indian cities, suggesting that the Bhogapuram corridor may emerge as a significant property investment hub in Andhra Pradesh.

Disclaimer: This news article is based on publicly available information and industry reports. Property investment decisions should be made after thorough due diligence and consultation with real estate professionals. Market conditions and property values may vary and are subject to change based on various economic and regulatory factors.