The landscape of the City of Destiny is changing, and not just in terms of its skyline. A new housing trend, studio apartments, is steadily gaining ground in Visakhapatnam. Driven by the arrival of IT companies and a growing influx of young professionals, these compact, single-room homes are emerging as a preferred choice for urban living.
The demand is expected to rise further as professionals arriving in the city for short-term corporate assignments, apart from single tech professionals, increasingly opt for compact, serviced studio apartments. This has led to the emergence of a distinct housing segment that reflects the city’s changing business and employment landscape.
With major IT companies such as Google, TCS and Infosys setting up large offices along the Madhurawada and Rushikonda IT corridors, the city has witnessed a sharp increase in the number of single professionals and consultants. Many of them are seeking homes that are affordable, easy to maintain and located close to their workplaces.
“I moved from Hyderabad last month,” said Vytla Kiran, a software engineer. “I do not need a big three-bedroom house. A studio apartment suits me well. It is cheaper than staying in a hotel for a long period and offers more privacy than a hostel.”
