Also one of my friend told that 1 and 2BHK units in the budget. The average property values in Hafeezpet are about Rs 600 sq ft higher than Madinaguda. With Rs 30 lakh they will get apartments which are about 800-900 sq ft in size.
I like this Madinaguda location. It is conveniently connected to Gachibowli through the Hafeezpet Flyover. And also it is close to the upcoming metro, it is also easily connected to other parts of the city through the Multi-Modal Transport System (MMTS).
Hey also it would be good for investment purpose also. There are also few under-construction projects available in the locality by developers such as Rashmi Housing and Sri Sairam Group.
Lingampally is at a distance of about 9-km from Gachibowli through the Prof CR Rao Road ans is also known as the Old Mumbai Road which offers several housing options within 30 Lakhs. With property values ranging between Rs 2,500-3,000 per sq ft one can get a 1000-1200 sq ft apartment in the area.
Yes Joy you are right. Madinaguda offers several 2BHK options within Rs 30 lakh. The sizes of these apartments also range within 1000-1200 sq ft also few 3BHK units as well in this size range.
Also close to Gachibowli and HITEC City, Madinaguda is mostly occupied by IT professionals. It also offers several affordable gated community projects and open plots within Rs 30 lakh.
@Vineet : You can find many localities offering within Rs 30 lakh in places around this IT hub, such as Hafeezpet, Madinaguda and Lingampally could fit your budget. With ample residential options available within a budget of Rs 30 lakh, the three localities are mainly sought by low and mid level employees of the IT industry.