Properties in Pothinamallayya Palem, Visakhapatnam
0 active listings · Andhra Pradesh · PIN 530041
Living in Pothinamallayya Palem
Pothinamallayya Palem (PM Palem), PIN 530041, is a residential locality in north Visakhapatnam under the Greater Visakhapatnam Municipal Corporation (GVMC), near Madhurawada, on National Highway 16 towards Srikakulam. It hosts the Dr.
Y.S. Rajasekhara Reddy ACA-VDCA Cricket Stadium, Andhra Pradesh's only international cricket venue.
It is well linked to Asilmetta and Maddilapalem via APSRTC bus routes, roughly 15 km from Visakhapatnam Railway Station and 22 km from Visakhapatnam International Airport via NH-16, and sits close to Madhurawada's IT parks and Rushikonda beach. A sought-after locality for residential real estate investment, with average sale prices reported around Rs 4,750-5,050 per sq ft.
- Well connected via NH-16 to Srikakulam and the city center, served by multiple APSRTC bus routes (25P, 25R, 25D, 404) linking to Maddilapalem, Asilmetta and the Railway Station.
- Home to the Dr. Y.S. Rajasekhara Reddy ACA-VDCA Cricket Stadium, the only international cricket stadium in Andhra Pradesh.
- Close to Madhurawada's IT hub - APIIC Technology Park and Rushikonda IT Park SEZ are about 3.2 km away, giving residents good access to office and employment options.
- Near Rushikonda Beach (about 7 km) and other north Vizag localities such as Yendada, Kommadi and Sagar Nagar.
- Popular with real estate investors; 99acres rates residents' perception of connectivity and safety at 4.1/5 each.
- Property values show long-term appreciation - up about 4% in the past year and roughly 53% over the past decade, per 99acres price-trend data.
- Short-term price signals are mixed - Square Yards shows a recent quarterly dip (about 5.45%) in average apartment sale price even as 99acres shows longer-term gains.
- Located away from the city core - roughly 15 km to Visakhapatnam Railway Station and about 22 km to Visakhapatnam International Airport.
- Dense, fragmented development by numerous small local builders can mean uneven build quality and pace versus rising demand.
- As a formerly rural panchayat area absorbed into GVMC amid rapid urban growth, civic infrastructure is still catching up with the pace of development.
PM Palem sits on NH-16 (Vizag-Srikakulam highway) in north Visakhapatnam under GVMC. It links to Asilmetta and Maddilapalem, and is served by APSRTC bus routes 25P, 25R, 25D and 404 connecting to Gurudwara Junction, the APSRTC Bus Station, RTC Complex, Railway Station and even the Steel Plant/Gajuwaka.
Via NH-16 it is about 15 km to Visakhapatnam Railway Station and roughly 22 km to Visakhapatnam International Airport.
Square Yards' locality data lists Vijayam Techno School (about 0.4 km) and Greendale International School (about 1.5 km) within the immediate neighbourhood, giving residents nearby schooling options in this growing north-Vizag suburb.
The locality lies close to Visakhapatnam's north-city IT corridor - APIIC Technology Park and Rushikonda IT Park SEZ are about 3.2 km away, with the Information Technology Tower roughly 3.7 km away, per Square Yards' locality data, linking PM Palem to the Madhurawada/Rushikonda IT employment belt.
PM Palem is close to Rushikonda, one of Vizag's well-known beaches, about 7 km away, along with Yendada (4 km) and Sagar Nagar (6 km), placing it within easy reach of north Vizag's coastal attractions.
The locality is home to the Dr. Y.S.
Rajasekhara Reddy ACA-VDCA Cricket Stadium, the only international cricket stadium in Andhra Pradesh - a notable sporting landmark for the area.
PM Palem falls under the Greater Visakhapatnam Municipal Corporation (GVMC), reflecting its transition from rural panchayat to urban governance as the city expanded north.
It is served by APSRTC's local bus network, and has an active residential pipeline with average prices around Rs 5,050/sq ft (99acres) to Rs 4,750/sq ft (Square Yards) and roughly 4% price growth over the past year.
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