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MK Towers - 3 BHK apartment for buy-new in Seethammadhara, Visakhapatnam - main view
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Type

Apartment

Bedrooms

3 BHK

Floor

3 Floors

New ProjectApartment Terra Verified

MK Towers

MK Towers, Near The Presidential School, Sitaramulu Road, Seethammadhara, Visakhapatnam 530013 - 530013

From ₹1.30 Cr
Bedrooms
3 BHK
Status
under-construction
Type
Apartment

About this property

MK Towers, located in Seethammadhara, is a premium residential project that brings together comfort, style, and modern living. The project is designed to cater to the needs of discerning individuals who seek a blend of luxury and practicality in their homes. Each unit is crafted with attention to detail, offering spacious layouts and an inviting ambiance that ensures a comfortable living experience. The design of MK Towers emphasizes top-tier specifications, providing residents with high-quality finishes and cutting-edge amenities. From sleek interiors to state-of-the-art fixtures, the homes are built to meet the highest standards of luxury. The project boasts a wide array of facilities that go beyond traditional living, focusing on creating a lifestyle that supports the needs of its residents. It provides a sense of community and convenience with its thoughtfully designed amenities. Whether it's the fitness center, landscaped gardens, or recreational spaces, every element of the project is aimed at enhancing the residents' quality of life. Ideal for families and professionals alike, MK Towers is a destination that combines the best of both comfort and modern living.

Property Details

Basic Information

Property ID
#380
Property Type
Apartment
Listing Type
New Project
Construction Status
under-construction
Possession Date
30 December 2029

Configuration

Bedrooms
3 BHK
Total Floors
3

Area & Dimensions

Carpet Area
1460 sq.ft

Legal & Compliance

RERA Number
Not provided by the lister

Investment Calculator

Estimate returns after costs

5 Years
1 Yr15 Yrs
₹
%/yr
Future Value
₹1.74 Cr
+₹43.97 Lac
Net Rental Yield
1.9%
after vacancy & upkeep
Net Rent (5Y)
₹4.29 Lac
rent from month 45
Net ROI
25.7%
~4.7%/yr
Investment Summary5 Year Projection
Purchase price₹1.30 Cr
+ Stamp duty & registration₹9.10 Lac
+ Capital appreciation₹43.97 Lac
− Selling costs₹3.48 Lac
+ Rent collected₹4.77 Lac
− Maintenance & tax₹47,707
Net profit₹35.68 Lac

Assumes 6% yearly appreciation, 5% rent growth, 1 month(s) vacancy a year, and no rent for the first 44 months (possession + delay). Source of the appreciation and rent defaults: Seethammadhara area market data (updated Jan 2026). Projections are estimates, not guarantees, and exclude loan interest and income tax.

Floor Plan

Floor Plan 1 - MK Towers

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Legal Clarity

Approvals & Documentation Status

Verified approvals
Not yet verified

No approval documents have been submitted for this listing yet.

Approvals & Clearances

Approval details are not available yet. Ask the developer for the commencement certificate, building-plan approval and RERA certificate before booking.

Developer Information
Developer
MK Builders
Project
MK Towers

"Verified" means TerraNexxus has checked the linked document on the date shown. Items marked "Pending verification" are declared by the lister and have not been checked yet. Always verify independently before making a purchase decision.

Frequently Asked Questions

Common questions about MK Towers

Yes, MK Towers is RERA approved and registered with Gujarat RERA. You can verify the RERA number on the official GujRERA website for complete transparency and legal compliance.

Locality & Market Insight

Why invest in Seethammadhara?

"Seethammadhara is witnessing transformation with premium infrastructure and seamless connectivity, making MK Towers a high-value asset for both lifestyle and investment."

The real estate market in Visakhapatnam has shown consistent growth. Specifically, Seethammadhara is now a preferred destination due to its proximity to commercial hubs and social infrastructure.

Area Highlights

  • High capital appreciation potential
  • Excellent connectivity to major highways
  • Proximity to top schools and hospitals
  • Growing rental demand in the neighborhood

Tools

Calculators, scoring & quick actions

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Down Payment

₹26 Lakh

20%

Loan Amount

₹1.04 Cr

80%

Total Interest

₹1.13 Cr

52%

₹1.04 Cr
10%90%
8.5% p.a.
6%15%
20 Years
5 yrs30 yrs
Payment Breakdown
Principal: ₹1.04 Cr
Interest: ₹1.13 Cr

Total Amount Payable

₹2.17 Cr

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SBIHDFCICICIAxis

TerraScore™

Indicative property rating

Good

1 of 4 factors are backed by TerraNexxus-verified data. Tap a factor to see why.

TerraScore™ is an indicative rating, not advice. Unverified factors use lister-provided data (listing updated 29 May 2026). Always verify independently.

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