Overview of Simhapuri Colony, Visakhapatnam

Location and Connectivity

• Simhapuri Colony sits within the Simhachalam area of Visakhapatnam. It’s well linked to other parts of the city, close to major landmarks, and offers excellent road access, making it a great spot for both folks moving in and investors.

Property Prices

• Properties in Simhapuri Colony kick off at around Rs. 5,000 per square foot. Generally, you’ll see prices hover around Rs. 6,200 per square foot. The topmost luxury properties can climb to Rs. 7,000 per square foot.

Types of Properties Available

• Apartments: You’ll find spacious 2BHK and 3BHK flats here, ranging from 920 to 1400 square feet. For example, the SV Residency has 2BHK units at 920 square feet priced about ₹34.96 lakhs.
• Plots: There are plots for sale nearby, but specific plots within Simhapuri Colony might be limited.

Amenities and Facilities

• Properties generally have modern features like full power backup, four-sided ventilation, car parking, car wash facilities, GVMC water supply, rainwater harvesting, and underground electrical cabling. Many projects here are also compliant with Vastu.

Market Trends

• The property market in Simhapuri Colony is currently favorable for both buyers and sellers. A rising market makes investing here a good bet, with potential for growth on the horizon.

Yearly Growth

• While we don’t have exact yearly growth figures for Simhapuri Colony, Visakhapatnam’s general trends show a growing market, signaling a positive outlook for investors.

Pros of Investing in Simhapuri Colony

• Growing Market: Property prices are climbing, indicating good market growth.
• Great Connectivity: Linked perfectly to other parts of Visakhapatnam.
• Modern Amenities: Available properties come loaded with modern amenities.
• Potential Appreciation: Market trends hint that these properties could increase in worth.

Cons of Investing in Simhapuri Colony

• Limited Plot Availability: Plots might not be very easy to find directly in Simhapuri Colony.
• Price Range: Although prices are fair, they may still be high for some cost-conscious buyers.

PropertyWala's Conclusion

Simhapuri Colony in Visakhapatnam presents a great chance for both those looking to buy and investors in the property market. The area’s rising prices, excellent connectivity, and modern amenities make it a hot pick for living or investment. Yet, before choosing, buyers should weigh the current price range and property types. In summary, Simhapuri Colony blends ease, attractions, and investment possibilities, making it a sound option for property investment in Visakhapatnam.