Recently the West zone of Hyderabad has gained considerable traction in real estate market due to the emergence of Hyderabad-Nagpur Industrial Corridor. This add-on is expected to bring many more MNC’s and IT companies to the west quadrant of the city.
Madhapur is one of the municipalities in the West. The location is said to have a huge investment scope as the expected increase in the number of jobs in the west will also increase the demand for residential properties considerably. Whether it is for building capital assets or to earn rental income, real estate investment at this location will suffice both objectives.
Let’s find out some more information about Madhapur which will be helpful to make a smart investment plan.
Madhapur is known as the Information Technology Centre of Hyderabad. It is well-connected with Hitec City, Gachibowli and Kukatpally, the IT corridors of the city. The location has become the most preferred place for organizing international events and conferences due to the concentration of 5 star hotels like Novotel, Westine, Trident, Lemon Tree and many more all around.
Connectivity and convenience
Madhapur is connected with nearby areas as well as the locations in other zones of the city through Telangana State Road Transport Corporation and MMTS train service. And soon Hyderabad Metro Rail will also be operational. The area also has inner ring road and outer ring road which makes reaching airport and railway station quite convenient. One can take the route via Nehru Outer Ring Rd to reach Rajiv Gandhi International airport in 40 minutes. Secunderabad railway station, at a distance of 18 km, can be reached within 50 minutes via Begumpet Road. The nearest railway station at Patancheru, can be reached in 40 minutes via NH 65.
Availability and affordability
Madhapur has a number of options in 3BHK units. Average property range is Rs 4000 to Rs 6000 per sq ft. Apartments in various sizes i.e., 1500 sq ft to 3000 sq ft are available. 2BHK units can be availed at approximately Rs 60 lakh whereas 3BHK configured apartments are available at a capital value of Rs 80 lakh approximately. Raheja Quiescent Heights, DSR Reganti, , Lansum Madhav Towers, Devansh Dev Manor and Silversand Cyberdyne are some of the known names of developers in the area.
The area also has 4BHK and 5BHK apartments ranging from 3500 sq ft to 4500 sq ft area. These are available in the range of Rs 1.7 Cr. to Rs 2.5 Cr. Villas of same configuration are available at approximately Rs 4.5 Cr. for 4500 sq ft area.
Nearby facilities and attractions
Madhapur has Class-A rated medical facilities and recreational facilities like sports, theatres and malls in close proximity. All the known international schools, institutes and colleges can be found in vicinity. Madhapur is also known for the presence of National Institute of Fashion Technology (NIFT).
Attractions include Shilparamam Arts and Craft centre and State Gallery of Arts that are both in the radius of 2.2 km. Fortune Towers is 2.8 km and Cyber Conventions is at a distance of 3.6 km. Raheja Mindspace IT park is 3.5 kms from central Madhapur.