Hyderabad is one of the best-known cities in South India. In this sprawling urban city, numerous localities have sprung up in the outer-pockets that aim to provide relief from the disadvantages commonly faced by Hyderabadi residents due to rapid urbanization. Miyapur is one such place, which belongs to this rapidly growing urbanised segment, and is located towards the northwest of Hyderabad. This relatively young locality comes under the jurisdiction of the Greater Hyderabad Municipal Corporation (GHMC), and is a bustling area with more than 40,000 residents.
Miyapur was once-upon-a-time a village but today, it is one of the busiest areas in the GHMC limits that boast of multiple, industrial facilities for sectors such as IT, pharmaceuticals, and apparel. This locality’s neighbors include Patancheru to the East, Kukatpally to the West, Whisper Valley to the North, and Serilingampally to the South. Although an industrial hub, this area is generously equipped with a number of residential zones, which are in turn connected to education hubs. The demand for real estate in this prime region is at an all-time high.
Connectivity and Transit Points
Miyapur, as a location, has been strategically placed by the GHMC and the HMDA on the busy National Highway (NH) 9. This allows this area to be conveniently accessed by road from different cities. The Hyderabad Metropolitan Development Authority (HMDA) directs the urban planning and development of Miyapur. Local transportation is pain-free with the help of numerous auto-rickshaws that one can be hired and the RTC buses.
The Multi Modal Transit Station (MMTS) station, situated 2 km away in nearby Hafeezpet, is an added advantage that offers long-distance, intra-city transportation. Additionally, locals can also commute to the Rajiv Gandhi International Airport for travel by airplane, which is located close to 40 km from Miyapur and is well connected by road. The long awaited Hyderabad Metro Rail (HMR) project plans to connect Miyapur with the farthest ends of the city, with foundation-work for the construction having already begun.
For those who seek a more comfortable and personal mode of intra-city transportation, a number of taxicab services are available in this locality. Numerous private as well as public interstate-bus operators heading to Mumbai are a common sight on the lively NH 9, and any person seeking to travel from Hyderabad to Maharashtra usually needs to board their bus from Miyapur.
â— Miyapur Cheruvu (lake)
â— Allwyn Colony Junction
â— Miyapur Cross Roads
â— Tuesday’s Raithu Bazaar
â— Miyapur Patel Cheruvu
Factor for Growth in the Past
Miyapur has been developed in a different way from most of the other prime areas in Hyderabad. One of the recently urbanised part of Hyderabad, this locality has become home to numerous industrial facilities and establishments that belong to different sectors. The local population, which previously subsisted on agriculture as the primary means of livelihood, is rapidly shifting its focus to the burgeoning urban economy.
The well-thought out placement of Miyapur on the NH 9 has allowed it be accessible in a major way. Since Maharashtra is a neighbouring state that is frequently visited by people from Hyderabad, this area is a major hub for the local, interstate bus transport facilities that are headed towards Mumbai. The surrounding areas of Patancheru and Kukatpally are known for their industrial establishments as well.
The industrial growth of this area has been catalysed by the rapid proliferation of schools, hospitals, and shopping complexes, which have all been constructed for the residents of the area.
Residential & Commercial Market
Residential Market Trends
The residential market scenario in Miyapur is undergoing a rapid change from traditionally owned, independent houses to multi-storeyed apartments that offer various amenities. However, an individual can still prefer to buy his/her own empty plot and then proceed to construct his/her dream home on it, in the more sparsely populated sections of this locality. There are still a number of empty plots available for purchase in this part of Hyderabad, and prospective buyers need to quicken their pace if they intend to buy any because of the increasing shortage of free space in the area.
Depending upon the location of the plot, the land parcel can cost anywhere from Rs 7,000 per sq. yard to Rs 15,000 per sq. yard. For people who prefer renting apartments to buying independent houses, Miyapur offers a bounty of safe and secure apartments that can be rented monthly for a nominal sum of Rs 15 to Rs 20 per sq. ft. People looking to buy flats or apartments in Miyapur , on the other hand, can expect to shell out anywhere from Rs 1,500 per sq. ft. to Rs. 4,000 per sq. ft.
Commercial Market Trends
Commercial market pockets cover sizeable portions of Miyapur as a whole, and their growth is in turn accelerated by the constant arrival of more residents. The stretch of Miyapur along the NH 9 plays host to a large number of commercial structures that include shopping complexes, movie theatres, and office space. Commercial office space in Miyapur is suitably priced with a square yard costing anywhere between Rs. 4,000 to Rs. 10,000 depending upon the exact location of the structure and its proximity to nearby landmarks. This locality is home to some of the most prominent organisations in Hyderabad including Dr. Reddy’s Laboratories Ltd., Tresor, and DTDC.
The encroachment of the Miyapur cheruvu (lake) is one that poses an environmental hazard to the locality. Pollution related to pharmaceutical wastage is one of the other challenges that Miyapur needs to overcome. The quickly depleting tree cover is causing the infamous Hyderabadi heat to become all the more unbearable, and reforestation is a strategy that needs to be effectively implemented in this area.
Because of the ever-developing nature of this locality, some of the roads have been constructed less diligently than others, leading to bothersome potholes and bumpy surfaces. The traffic department is slowly trying to ease up the traffic congestion frequently seen around the Miyapur Roads, with the help of certain preventive measures such as signboards and barricades. Though Miyapur is a large area, the number of fire stations available in case of emergencies is still inadequate.
Factors for Growth in the Future
Miyapur is yet to see the technological prowess of the Hyderabad Metro Rail (HMR), which once laid out, will conveniently connect this locality to the farthest reaches of the city. This phase of the Metro aims to connect Miyapur to the central parts of the city through the surrounding areas of Kukatpally, Gachibowli, Madhapur, etc.
One of this locality’s other highlights, in terms of upcoming projects, is the Inter City Bus Terminal (ICBT). This bus terminus is owned by the HDMA, which plans to make it one of India’s biggest terminals with the inclusion of a whopping 200 bus bays. This bus terminus, located 2 km from the upcoming Metro station and 4 km from the Outer Ring Road (ORR), is situated on an expansive area of 55 acres. With a total project cost of nearly Rs. 100 crore, this terminus aims to accommodate as many as a 1000 buses any time of the day.
Residents or prospective residents of Miyapur concerned with the environmental pollution can heave a sigh of relief after knowing that the Government plans to construct a biodiversity park. This biodiversity park is planned to be established in Mayuri Colony, which is a part of Miyapur. Following the lead of other developed nations; the feature of Transit-Oriented Development (TOD) is soon going to be implemented around the Metro station in Miyapur. It is simply a locality with much potential, some of which is already showing.