Q:How is the development of HITEC City influencing the real estate market in Hyderabad? I’m considering buying property in the surrounding areas like Manikonda, Gachibowli, Madhapur, and Nanakramguda
Latest Answer: Hey, I think it is a good idea to invest in property in any of those areas. The prices of the apartments in Madhapur and Nanak Ram Guda are a bit on the high side. The average square foot price in Madhapur is Rs. 4764 and in Nanak Ram Guda it is Rs 5000.
Other localities like Gachibowli, Manikonda or Kukatpally are slightly cheaper and more affordable. The average square foot price of apartments in these areas is around Rs. 3000.
Extremely cheap apartments are hard to find around the HITEC City, but you can always charge an appropriate rent to make up for the amount that you invest in the property
Latest Answer: Hey, Kukatpally is an excellent choice for your family home. if you have children, then there are plenty of good schools nearby, like D.A.V. Public School, Meridian School, Frontline High School, and so on. There are good hospitals in this locality like Prime Hospital, Anupama Hosptial, Apollo Hospital, Preeti Urology and Kidney Hospital, and some others. Since it is close to the IT hub of the city, this place enjoys almost constant water and electricity supplies.
The houses here are priced between Rs.3000-4000/sq. ft. It will be a good investment as well, as this area shows almost constant property price appreciation over the past two years.
Latest Answer: Madhapur will be the best place for you to move into. You will be at the center of the most happening place in Hyderabad, along with living really close to your workplace.
This place is full of other IT professionals who work at HITEC city, so you won’t have any problem in finding a flat-mate if you ever need to.
The place is very modern and is a very safe locality to live in. The average square foot rent of the 2BHK apartments in this area is a bit high though, around Rs 15/sq. ft.