Overview of HB Colony, Visakhapatnam

Location and Amenities

• HB Colony is nestled in Visakhapatnam, a city famed for its prime areas and secure surroundings.
• The locale boasts proximity to several amenities like schools, such as Sun School, dental care services (e.g., Pramod dental care), and other essential services, providing a convenient living environment.

Property Types and Availability

• Would-be homeowners can select from different properties, including flats, independent houses, and both new development and resale options.
• To choose from, there are 2 BHK and 3 BHK flats. Some are in progress while others are ready for occupancy.

Pricing

• HB Colony’s average price per square foot is about ₹5,472, although individual property prices might slightly differ based on features and amenities.
• For instance, 3 BHK flats are priced around ₹91 lakh, with terms that are negotiable, and an average price of ₹7,000 per square foot for certain properties.

Price Trends

• There's been a 19.65% drop in property values year-over-year in HB Colony, making it an appealing time for buyers or investors to buy at potentially lower rates.

Rental Options

• Looking to rent? Here, properties like 3 BHK flats are available renting for roughly ₹15,500 per month.

Key Highlights

• Prime Spot: HB Colony is in a great area of Visakhapatnam, appealing to those valuing ease and proximity.
• Safe Area: This area’s secure environment is a major selling point for home searchers.
• Trusted Developers: The properties here are made by reputed builders, ensuring quality construction and amenities.

PropertyWala's Wrap Up

HB Colony in Visakhapatnam offers a perfect mix of affordability and convenience, making it an attractive choice for both buyers and renters. Set in a prime location, with a secure environment and a variety of property types, it meets diverse needs and budgets. With current price trends indicating a decline in rates, now may present a great opportunity to invest. Yet, like any real estate choice, careful research and evaluation of all factors are crucial before making a decision.