Overview of Railway New Colony, Visakhapatnam

Location and Connectivity

• Railway New Colony is found in a perfect spot in Visakhapatnam, ensuring great connectivity to many parts of the city.
• It is close to essential places such as the railway station, bus stops, shopping malls, and government offices.

Property Types and Availability

• Flats: Many flats are available for sale and rent, from 1 BHK to 4 BHK. You can find them in both furnished and unfurnished conditions.
  • The prices range from INR 25 Lac for a 1 BHK flat to INR 2.30 Cr for a 4 BHK flat.
• Independent Houses: A few standalone houses are also available, priced about INR 1.01 Cr to INR 1.20 Cr.
• Plots: There are also plots that are ready for sale, with certain dimensions of 30.23 X 11.48 and the option to build up to 4 floors.

Pricing and Trends

• Properties start at around Rs. 6,802 per sq ft, with an average price of Rs. 6,852 per sq ft. The most expensive property on the list is Rs. 8,437 per sq ft.
• Over the past year, property prices have dropped by 5.51%, making it a good time for buyers.

Amenities and Infrastructure

• Properties in Railway New Colony come with features like 100% power backup, ample car parking, car wash, and electrical cabling underground.
• Many apartments offer features such as vastu compliance, four-sided ventilation, and water cascades.
• The area is well-connected with auto stands, bus stops, railway stations, food courts, theaters, and shopping malls close by.

Ready-to-Move and Resale Properties

• There are over 10 ready-to-move flats for immediate occupancy.
• Numerous resale properties, both furnished and unfurnished, are available.

PropertyWala’s Take

Railway New Colony in Visakhapatnam looks like a great option for property buyers or renters. It has good access to different parts of the city, modern amenities, and a mix of property types that fit various budgets. With property prices slightly going down, it might be an ideal time to invest. Plus, being close to key infrastructure and services makes it an attractive residential choice in Visakhapatnam.