Properties in Madhapur emerges as Premium Affordable Hub in Hyderabad

Property Updates

Situated in the Rangareddy district, Madhapur is a well-developed suburb in Hyderabad which is known for its IT hubs. HITEC City, one of the popular and leading IT center of Hyderabad is the heart of Madhapur. Due to the influx of many working professionals, Madhapur in recent years witnessed a steep jump in the demand of residential units among homebuyers. Presence of premium homes in the budget-friendly prices also attracts homebuyers to invest here

Madhapur is surrounded by other posh localities of Hyderabad like Jubilee Hills, Kukatpally, etc. The area also enjoys seamless connectivity to adjacent and surrounding areas via a thriving rail and road network. One can easily take state-run local buses to commute on a daily basis. The area is served by Hyderabad Metro rail with station at HITEC City. Apart from this, inner and outer ring roads around the region provide smooth connectivity to the International Airport.

The locality also boasts sound infrastructure with the presence of leading educational institutions, malls, entertainment centers like National Institute of Fashion Technology (NIFT), Venkateshwara Arts and pharmacy college, Manthan International School and CGR International school, Inorbit Mall, HITEX Convention Centre, Shilparamam Auditorium, Arts and crafts centre, etc.

Apart from the above-developed infrastructure, the locality is also home to leading IT/ITes companies like TCS, NTT Data, Tech Mahindra, Deloitte, Wipro, Infosys, Genpact, Cognizant, etc. Thousands of IT professionals work in these companies that have increased the needs and demand of the home. This has led to the development of many housing projects in the premium affordable and mid-segment category. Some of the renowned developers present in this area are Ramky Estates, Aparna, Aliens, Lanco Infratech, etc.

At present, the average property price in Madhapur is Rs 6,749 per sqft. A one BHK apartment is available 15 lakh onwards while a 2 and 3 BHK falls in the range of 50-80 lakhs.

Proximity to the workplace also enhanced the rental market of Madhapur. The rent of 1 BHK is RS 8500 onwards. While the rent of 2 and 3 BHK hovers between Rs 13000-18000.

According to experts, buyers who are looking to earn good ROI must invest in Madhapur due to better rental yields.