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Last updated: Apr 6, 2026

Sree Lakshmi Nivasam

By Sree Balajee Nirman And Estates
Near Lakshmi Hyundai, NH 5 Road, Marripalem, Visakhapatnam
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50.78 L - 78.96 L₹4.2 K/sq.ft
Price excludes maintenance, floor rise cost, stamp duty, registration, GST etc.See More
Gallery Cover Pic of Sree Lakshmi NivasamGallery Cover Pic of Sree Lakshmi Nivasam
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Sree Lakshmi Nivasam Elevation 1
Sree Lakshmi Nivasam 2D 1
+ 8 more
2, 3 BHK Apartments
Configurations
Ready to Move
Possession Status
₹4.2 K/sq.ft
Avg. Price
1209 - 1880 sq.ft
Sizes
Overview/Home
Around This Project
More About Project
About Project
Sree Lakshmi Nivasam Floor Plans and Pricing
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Amenities
Ratings and Reviews
Price Trends
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FAQs about Sree Lakshmi Nivasam
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Sree Lakshmi Nivasam
Property Location
Near Lakshmi Hyundai, NH 5 Road, Marripalem, Visakhapatnam
Around This Project
School
Ramanath Secondary School
Bus Stand
Birla Centre Bus Stop
2 mins
(0.5 km)
Hospital
Vaidyaraj Oushadhasala kerala Ayurveda panchakarma Center
3 mins
(1.1 km)
Mall
CMR Shopping Mall
Restaurant
Reliance SMART Bazaar
View more on Maps

Sree Lakshmi Nivasam Overview

Project Units
210
Area Unit
sq.ft.
Formatted per unit price
4.2k/sq.ft.
Project Area
3.06 Acres (40% open)
Sizes
1209 - 1880 sq.ft.
Project Size
210 units
Launch Date
Jan, 2015
Avg. Price
4.2 K/sq.ft
Possession Status
Ready to Move
Configurations
2, 3 BHK Apartments
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About Sree Lakshmi Nivasam

Premium housing project Lakshmi Nivasam is constructed by leading real estate developer Sree Balajee Nirman, it is located in Marripalem, Visakhapatnam. The project is sprawled on an area of 3.06 acres and is offering beautiful, comfortable and spacious 2 and 3 BHK apartments for sale. Built-up area for 2 BHK apartments is in the range of 1209 to 1321 sq ft. and for 3 BHK apartments it is in the range of 1628 to 1880 sq ft. Amenities which provide comfort of living are available in the complex, they are lifts, power back-up, round the clock security, swimming pool, indoor games room, children play area, gymnasium, library, cycling and jogging track, rainwater harvesting, community hall, landscaped garden and all. It is a gated community providing safety and security to the residents. Home loans from reputed banks are available for the convenience of buyers. Ready to move in apartments in Lakshmi Nivasam can be bought from owners of the apartments which are put up for sale. Marripalem is a popular area in Visakhapatnam. Schools, hospitals and other utility shops are located in the vicinity. Some popular schools and institutes in Visakhapatnam are Bethany School, Siva Sivani High School, St. Josephs Secondary School, Sanskruthi Global School, Green City English Medium School, Pollocks Intelli School, Andhra University, College Of Pharmaceutical Sciences, Gitam Institute Of Pharmacy, Andhra University, Dr. B. R. Ambedkar College Of Law, Andhra University, College Of Engineering and others. Some hospitals and medical centres in the area are Simhagiri Cosmetology, M B Multi Speciality Hospitals, Prime Orthopaedic Hospital, Sai Spoorthy Hospital, Sri Visista Super Speciality Ayurveda Hospital and others. It is a comfortable area to own a residential place.
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Sree Lakshmi Nivasam Floor Plans and Pricing

  • 2 BHK Apartment
    50.78 L - 55.48 L
  • 3 BHK Apartment
    68.38 L - 78.96 L
  • 1209 sq.ft
  • 1242 sq.ft
  • 1321 sq.ft
₹ 50.78 L
3D2D
EMI starts at ₹26.89 K
Bedroom 1
Attached Bathroom with Bedroom 1
Bedroom 2
Kitchen
Kitchen & Utility
Dining Area
Dining Room Balcony
Drawing Room
Common Bathroom
Passage
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Sree Lakshmi Nivasam Photos & Videos

Project Tour & Photos
Sree Lakshmi Nivasam More Images 1
Sree Lakshmi Nivasam Elevation 1
Sree Lakshmi Nivasam 2D 1
+7Sree Lakshmi Nivasam 2D 2

Sree Lakshmi Nivasam Top Amenities

Children's Play Area
Swimming Pool
Lift(s)
Landscaping & Tree Planting
Gymnasium
Jogging Track
Community Hall
Gated Community
Indoor Games
Cycling & Jogging Track
Rain Water Harvesting
+4 more

Price Trends for Marripalem

(Apartments)
0.48%
appreciation in avg. price / sq.ft (Built-up Area) for Marripalem in last 1 year

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Locality(Apartments)
Marripalem
0.48%
Last 1 Year
₹5.5 K/sq.ft
Avg. rate
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Explore Neighbourhood - Sree Lakshmi Nivasam

Locality Guide
for Marripalem, Visakhapatnam

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Marripalem is an locality in Visakhapatnam, Vishakhapatnam District, Andhra Pradesh, India, 530018. Gopalapatnam (3.34 Km), Boyapalem (3.97 Km), Naidu Thota (5.37 Km), Sheela Nagar (6.4 Km), Railway New Colony (6.59 Km) are the nearby areas to Marripalem. Visakhapatnam are the nearby cities to Marripalem. Read More

What is good here

  • Four daily trains cover 3 km to Visakhapatnam in 6 minutes.
  • NH-16 provides 10-minute driving access to Visakhapatnam city center via 7-mile road.read more
  • BRTS corridor from Dwaraka bus station to Pendurthi passes through.
  • Railway quarters nearby with 24/7 security presence.

What can be better

  • Public transport from Marripalem to Bhogapuram Airport is infrequent; only 3 morning and 3 evening flights operate from existing Visakhapatnam airport during peak hours.read more
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POSSESSION BY
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AMENITIES
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Questions and Answers
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Disclaimer: While Housing.com takes all steps to ensure accuracy of the information provided in this section, please check the same with the developers. Housing.com does not take responsibility for any discrepancies in the information provided.

FAQs about Sree Lakshmi Nivasam

What is the pin code of Sree Lakshmi Nivasam?

Sree Lakshmi Nivasam is a residential project by Sree Balajee Nirman And Estates located in Marripalem, Visakhapatnam, Andhra Pradesh. The pin code for Sree Lakshmi Nivasam, Marripalem, is 530018. This locality has top schools like Ramanath Secondary School, K.V. No.1 SVN Visakhapatnam and healthcare centers like Vaidyaraj Oushadhasala kerala Ayurveda panchakarma Center, Suraksha Health Park.

Are there good hospitals in the vicinity of Sree Lakshmi Nivasam?

Hospitals such as Vaidyaraj Oushadhasala kerala Ayurveda panchakarma Center, Suraksha Health Park, Balaji Medical Center are located close to Sree Lakshmi Nivasam, giving residents easy access to good healthcare.

What security features are available at Sree Lakshmi Nivasam?

Sree Lakshmi Nivasam hosts range of facilities such as 24x7 Security to ensure all the residents feel safe and secure.

Who is the builder of the project?

Sree Lakshmi Nivasam is developed by Sree Balajee Nirman And Estates. Sree Balajee Nirman And Estates has successfully delivered 5 projects including 1 projects in Visakhapatnam.

What is the price range of Sree Lakshmi Nivasam?

The price range of apartments in Sree Lakshmi Nivasam, Marripalem, Visakhapatnam starts from ₹50.78 L onwards. The project offers 2 BHK and 3 BHK flats, with prices approximately as follows:
  • 2 BHK: ₹50.78 L to ₹55.48 L
  • 3 BHK: ₹68.38 L to ₹78.96 L

How many units are available in Sree Lakshmi Nivasam?

Sree Lakshmi Nivasam comprises 210 residential units.

What is the total size of Sree Lakshmi Nivasam?

Sree Lakshmi Nivasam spans across 3.06 Acres of premium residential development in Marripalem, Visakhapatnam. The project has essential amenities like Lift(s), 24x7 Security, Power Backup and Sewage Treatment Plant along with recreational amenities like Gymnasium and Swimming Pool.

What is the possession status of Sree Lakshmi Nivasam?

The possession status of Sree Lakshmi Nivasam is Ready to Move.

What are the property types offered by Builder?

The builder, Sree Balajee Nirman And Estates, offers a variety of configurations in Sree Lakshmi Nivasam, including 2 BHK and 3 BHK. Currently, there are 3 unit(s) of 2 BHK and 5 unit(s) of 3 BHK flats listed on Housing.com.

What are the key amenities of Sree Lakshmi Nivasam?

Lift(s), 24x7 Security, Power Backup, Gymnasium and Swimming Pool are some of the key amenities offered at Sree Lakshmi Nivasam, designed to make everyday living more comfortable for residents. Click to view more amenities.

What are the popular landmarks nearby Sree Lakshmi Nivasam?

Popular landmarks near Sree Lakshmi Nivasam in Marripalem, Visakhapatnam include well known schools such as Ramanath Secondary School, K.V. No.1 SVN Visakhapatnam, hospitals such as Vaidyaraj Oushadhasala kerala Ayurveda panchakarma Center, Suraksha Health Park and shopping centers such as CMR Shopping Mall, Lucky Shopping Mall, making the locality an extremely convenient place for residents. Click to view all landmarks near Sree Lakshmi Nivasam.

What are the other projects done by Sree Balajee Nirman And Estates in Visakhapatnam?

Sree Balajee Nirman And Estates has successfully delivered 5 projects to date, with 1 of them located in Visakhapatnam.
Some of the other residential projects by Sree Balajee Nirman And Estates in Visakhapatnam include: Each of these projects reflects Sree Balajee Nirman And Estates's commitment to quality construction, contemporary design, and creating vibrant residential communities across the city.

What are the nearby projects to Sree Lakshmi Nivasam?

Some of the nearby residential projects to Sree Lakshmi Nivasam in Marripalem, Visakhapatnam, include:

How much is the area of 2 BHK in Sree Lakshmi Nivasam?

The 2 BHK apartments in Sree Lakshmi Nivasam, Marripalem, Visakhapatnam, range between 1209 sq.ft. to 1321 sq.ft.

How much is the area of 3 BHK in Sree Lakshmi Nivasam?

The 3 BHK apartments in Sree Lakshmi Nivasam, Marripalem, Visakhapatnam, range between 1628 sq.ft. to 1880 sq.ft.

What is the price of 2 BHK in Sree Lakshmi Nivasam?

2 BHK unit(s) in the Sree Lakshmi Nivasam are priced at Rs.50.78 L to Rs.55.48 L.

What is the price of 3 BHK in Sree Lakshmi Nivasam?

3 BHK unit(s) in the Sree Lakshmi Nivasam are priced at Rs.68.38 L to Rs.78.96 L.
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