After eight months of comparing new construction in Vizag outskirts versus resale in established localities, I made my final decision: resale in MVP Colony. I want to explain this reasoning because it runs counter to the typical forum advice of "always buy new."
MVP Colony — Model Village Project Colony — is one of Vizag's most established and genuinely liveable residential areas. Laid out systematically with wide roads, mature tree cover, a proper grid layout that makes navigation intuitive, and proximity to both the beach (10 minutes walk to Rushikonda Beach) and to city services. The school ecosystem is the best in Vizag — several reputed schools are within 2 km radius. Hospitals, markets, restaurants — MVP Colony is self-sufficient in a way that no new township in the outskirts can claim in 2024.
Resale 2BHKs in MVP Colony run ₹65-85 lakh for decent-sized flats. Buildings are typically 15-25 years old. The construction quality of that era is often better than current budget construction — thicker walls, higher ceilings, larger rooms. The caveat is maintenance: check for seepage, water proofing condition, and the society's maintenance fund health before committing.
The deal I found: a 7th floor 3BHK in a 20-year-old well-maintained building, 1,450 sqft, beach glimpse from the balcony. Asking price ₹92 lakh, settled at ₹84 lakh after negotiation. Immediate possession — no EMI + rent double payment, no construction delays, no possession anxiety. The flat was renovation-ready and we moved in within 45 days of registration.
For families with children and for anyone who values ready infrastructure over anticipated future development, MVP Colony resale is a deeply rational choice at current Vizag prices.
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Price History
Listed price: ₹60.00 L – ₹1.20 Cr. Help the community by logging the actual price per sq ft.
This is exactly the kind of decision analysis that should be discussed more. The "new is always better" bias in property forums ignores the very real advantages of established localities. MVP Colony has a track record of value stability. Even in 2008 and 2013 when Indian real estate broadly corrected, MVP Colony values barely moved.
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@padmaraovizag
My parents have lived in MVP Colony for 22 years and would not move for anything. The community there has a settled, safe character that takes decades to build. For families — especially those with elderly members — this social stability is not a minor factor.
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@rajeshkumarnaid
The negotiation from ₹92 to ₹84 lakh is a genuinely good result for MVP Colony. Sellers there rarely need to sell in distress so the usual trick of lowballing doesn't work. Being a serious, pre-approved buyer with bank sanction in hand is what gets sellers to negotiate. Good strategy.
