Q: Due to Telangana, it seems that positive sentiments have spread in Hyderabad’s real estate market in terms of buying and selling. Kindly discuss on this news.
Hey guys here the multi-storey apartment is available within the unit size of 1150-1700 sq ft. where 2BHK apartment size is about 1150-1300 sq ft, a 3BHK unit is available within 1500-1700 sq ft. Also Developers such as MSM Venkata Sai Builders Pvt Ltd, Janapriya Engineers Syndicate, NSK Constructions have their presence here.
@Gurmeet: Hey Madinaguda is known as a part of Miyapur. It is well placed between Miyapur and Chandanagar. The locality is located at about 6 km from IT hubs, such as HITEC City and about 11 km from Gachibowli. The area also offers well-laid roads and an easy accessibility to other parts Hyderabad through state-run buses.
@Balwinder: the area also offers good prospects of return on investment. The average property values in the locality has been appreciated by 19 per cent. The property which was available for Rs 26 lakh in Oct-Dec 2013 quarter, is now available for Rs 35 lakh.
Yes, experts say that Madinaguda can be one of the localities that can offer profitable prospects in future. Also to buy a home within your affordable budget is possible in Madinaguda.
@Gurmeet: The area offers property ranging from Rs 2800-4000 per sq ft. So if you are looking for a 1000-sq-ft apartment, it would cost you anywhere between Rs 28 – 40 lakh.