Overview of HMS Colony, Madurai

Location and Accessibility

The locality in Madurai with HMS Colony offers impressive connectivity to different parts of the city. It’s also conveniently close to market areas and necessary amenities, making it a sensible pick for both buyers and renters.

Property Types and Configurations

• Residential Properties: There are mainly 2 BHK flats, the frequent room setup for selling.
• Houses/Villas: There are also standalone houses and villas, such as those in the nearby Kochadai area with plot sizes as small as 1650 sqft.
• Plots and Land: If you wish to construct your own home, there are residential plots measuring 30 x 50 feet available, starting at around 13.5 Lakh.

Price Range

• Flats and Apartments: Typically, flats are priced between ₹60 Lac to ₹80 Lac.
• Houses/Villas: Independent houses usually come at ₹1 Crore, like the house in Kochadai priced at ₹1 crore.
• Plots and Land: Prices for plots start from roughly ₹13.5 Lac.

Rental Options

Seeking rental options?

• Flats and Apartments: You might find 3 BHK flats renting, usually on the top floors, close to markets in secured gated communities. Rental costs hover around ₹20,000 per month with a security deposit of ₹1.5 lakh.

Amenities

• Market Proximity: Properties in HMS Colony are near market areas for easy access to daily shopping and essentials.
• Secured Communities: Many flats, particularly, belong to gated neighborhoods offering extra security.

PropertyWala’s Final Assessment

Madurai’s HMS Colony provides a balanced mix of affordability, accessibility, and facilities, making it interesting for both buyers and renters. The area offers a variety of property types, from 2 BHK flats to standalone houses and plots, catering to various budgets. The closeness to markets and gated community inclusion boost its charm. Whether you’re planning to buy or rent, HMS Colony stands out for its value and ease of access.