Madhapur is a fast developing residential hub located 15 kilometers north-west of Hyderabad. It is situated in Rangareddy district of West . In early nineties, Madhapur was a small rocky village but now it has transformed into a modern IT and BPO hub with the establishment of IT/ITes organisations in the city. It is in close proximity to commercial areas like Hitech City, Banjara Hills, Jubilee Hills, Gachibowli etc.
Cyber Towers, Cyber Gateway, Cyber Pearl, Qualcomm, Accenture, Tata Consultancy Services, Mahindra Satyam, Deloitte, Amazon.com, Convergys, Oracle Corporation, IBM, Dell, Google, Verizon, Genpact etc. are some of the famous companies located here.
Madhapur is well-connected to other major areas in Hyderabad. The Outer Ring Road and HITEC city road are the two major roads that connect Madhapur with other parts of Hyderabad. APSRTC (a state-own bus service) buses connect Madhapur with the rest of the city. The region is served by MMTS train service and the HITEC city station is only 5.8 kilometers away from here. Taxis and autos are the alternate modes of transport available in the area. Inner and outer ring roads are being developed to ease traffic and also offers better connectivity to the new International Airport near Shamshabad. Connectivity to the NH-9 and the upcoming metro are added advantages. The proposed Miyapur metro railway station is just 10 kilometers away along the Gachibowli-Miyapur road.
Educational Institutions and Hospitals
There are many good schools located in and around Madhapur. Some famous schools here are Mandal School, Newton Public School, Meridian School, Nagarjuna Gurukul International School and Global School. The list of colleges includes Sri Venkateshwara College Of Pharmacy, Sri Venkateshwara College of fine arts, College Management Software, NIFT (National Institute of Fashion Technology) and IBDM (International Institute of Business Development Managers).
Hospitals that offer good healthcare facilities are Ivory Dental Hospital, Global Dent Speciality Dental Hospital, Srija Hospital, Hegde Hospital and Maxivision Eye Hospital.
Real Estate in Madhapur
Proximity to prominent areas like Banjara Hills, Gachibowli and Jubilee Hills, this area has witnessed tremendous activity particularly in the realty sector. Most of the IT professionals prefer to buy residential real estate property in Madhapur due to its comparatively affordable prices and strategic location. There are 20 ongoing real estate projects in Madhapur, out of which 4 projects are due for possession in 2014. Some of the popular ongoing projects here are Madhapur are Fresh Living Apartments by Vaishnavi Estate, Fortune Prime by Sri Sreenivasa, Cyber Grande by Infratech and Nest by Riddhi Builders.
The average real estate price in Madhapur is Rs. 4,800 per sq.ft., minimum apartment price is Rs. 3,400 per sq.ft. and maximum apartment price is Rs. 6,300 per sq.ft.