Rates for rental flats rise in Madhapur

Q: Hi I heard rates for rental flats are rise in Madhapur. Kindly discuss this news and let me know the details.

Abdul Zafar, Hyderabad

23rd April 2014

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Replies (2)

Yes, Madhapur itself has several IT/ITES companies and is situated close to IT hubs such as Hitech city, KPHB, Kondapur and Kukatpally. Another reason for increasing demand is the coming up of several new small and big IT companies in the area.

Balwinder Singh,

23rd April 2014

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What is the rental price range for 2bhk and 3bhk ?

Gurmeet,

23rd April 2014

@Gurmeet: The current rental values in the area range from Rs 12,000 to Rs 16,000 per month. Rent of a 2BHK ranges from Rs 10,000 to Rs 20,000 per month while a 3BHK unit is available on rent for Rs 15,000 to Rs 40,000 per month.

Balwinder Singh,

23rd April 2014

Hello Abdul, even I heard that the rental values have increased in Madhapur locality of Hyderabad by 8 per cent in the last three months. . The reason behind the increasing rental values is the increasing demand, according to the real estate agents active in the area.

Himani,

23rd April 2014

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