Q: Hey heard that Madhapur is upcoming residential-cum-commercial locality of Hyderabad is witnessing an increase in demand of properties. Kindly discuss on this news and let me know the details.
Hi, Dhananjay as per my understanding of market, fall in demand of premium localities is due to : 1. High Price 2.Fall in greenery 3. Congestion. 4. Cheaper alternative
Hi Dhananjay, I think you are right and Localities in West Hyderabad such as Gachibowli, Appa Junction and Nanakgramguda are emerging as strong investment choices compared to the overpriced premium localities.
anakgramguda and Appa Junction currently have rates prevailing around Rs 4,000-4,500 per sq ft, Sudam expects it to increase to Rs 6,000-6,500 per sq ft in the near future. The current government also seems focused on the development of these areas, aiming to make them smarter. This makes it a great time to invest in these budding areas as they will peak in the near future.
Hi Verma, the main reaon is it being preferred as a residential area is the increase in the number of IT companies that have brought several employees with them as well.
Hey as far as I know Madhapur is a suburb houses several IT/ITES, BPOs and other multinational companies. It is in proximity to HITEC City, Jubilee Hills, Kukatpally, Kondapur, KPHB, etc. The area has easy connectivity through road and HITEC MMTS station. :)
@Gurmeet: The capital values of apartment here range from Rs 4300-5500 per sq ft. The price of a 3BHK apartment in the area ranges from Rs 60 lakh to Rs 1.5 crores.