Madhapur is an upscale neighborhood in Hyderabad that has metamorphosized from a small village to a booming business hub. IT clusters such as Gachibowli and HITEC City surround the area. To its southeast is the picturesque Durgum Cheravu Lake, which provides a calm respite in Madhapur’s crowded center. Popularly known as India’s education hub, Madhapur houses renowned institutions such as the National Institute of Fashion Technology (NIFT), Sri Venkateshwara College of Architecture, and Manthan International School.
Over the past few years, Madhapur has witnessed a significant rise in commercial spaces. From corporate offices to retail spaces, the inventory has been at an all-time high in this bustling hub. This growth can be attributed to the area’s strategic location and vibrant economic ecosystem that attracts a wide range of businesses and investors.
According to recent data, of a total stock of 11,941,895 sf of office space, 1,828,383 sf was leased. Additionally, 7,072 sf was sold in the last 12 months.
What Makes Madhapur a Thriving Commercial Hub?
Madhapur thrives as a commercial hub because of its strategic position in Hyderabad’s IT landscape and its proximity to HITEC City. Moreover, rapid development, excellent infrastructure, and seamless connectivity make it a most sought-after location for commercial real estate. Let us examine the factors that have led to the increasing number of commercial properties in Madhapur.
Excellent Location and Connectivity
Madhapur is strategically located, making it easier to commute from anywhere in the city. Situated near major business projects, the airport, and the planned Metro train, Madhapur enjoys excellent road and MMTS train connectivity. Key roads such as the Outer Ring Road (ORR) and the HITEC city road link Madhapur to the rest of the city.
Access to Rajiv Gandhi International Airport via the Outer Ring Road takes approximately 45 minutes. Additionally, the area benefits from its metro station, Madhapur, on the Blue Line Metro. APSRTC buses offer seamless connectivity to the rest of the city.
Infrastructure and Development
Madhapur has a robust infrastructure and has witnessed rapid development epitomized by urban amenities and modern road networks. Skyscrapers enrich the area, accommodating IT firms, luxury residences, and commercial establishments.
The area boasts well-planned living conditions, abundant green spaces, and leisure facilities. Moreover, ongoing infrastructure projects ensure continuous improvement in connectivity and livability within the city. Madhapur, which was once a suburb, has thus built itself into a cosmopolitan hub that ensures sustainability with urban excellence.
Let us look at some of the most expensive buildings in Madhapur.
| Buildings | Average Rental (Chargeable) INR/sf |
| RS Silicon Park | 71 |
| Mindspace (Hyderabad) | 67 |
| Capital Park, Jain Sadguru Images | 67 |
| Gowra Fountainhead | 51 |
| Ohris Tech Park | 47 |
High Rental Yields
Several factors can explain high commercial rental yields in Madhapur. A major IT and business hub, Madhapur has witnessed many companies moving to the area to seek office space for rent. This has triggered high rental rates. Furthermore, the strategic position of the area, excellent transport links, and supportive infrastructure make it a popular choice for businesses which translates to higher rental values. Also, the availability of all modern amenities and a good business environment results in high rental returns for commercial properties in Madhapur.
In a recent transaction, Mindspace leased 73,831 sf of office spaces at Brane Enterprises for Rs. 70 psf in January 2024.
Let us look at the top tenants who have rented office spaces in Madhapur.
| Tenants | Average Rental (Chargeable) INR/sf |
| HighRadius Technologies | 70 |
| Brane Enterprises | 70 |
| LTI Mindtree | 70 |
| Terafina Software Solutions | 67 |
| HighRadius Technologies | 63 |
Recommended Commercial Properties in Madhapur
Madhapur is an outstanding instance of commercial success in Hyderabad, thanks to its strategic position, strong infrastructure, and thriving economic climate. Its transformation into a vibrant IT and commercial hub highlights its potential for long-term growth and investment prospects, ensuring continuous prosperity in the foreseeable future. The Mindspace Project in Madhapur is one of the most sought-after commercial space buildings, with office spaces for lease.
In the upcoming year, Madhapur is set to welcome an additional 152,000 square feet of office space, with projections indicating a further increase to 1,600,000 square feet the following year.
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