Overview of Madapar, Gorakhpur

Locality and Access

• Madapar, in Gorakhpur, Uttar Pradesh, is a place that’s centrally located and well-connected to the city.
• It's near important landmarks and major routes like Gorakhpur Deoria Road and Sonauli Road.

Property Prices Overview

• Residential property prices in Madapar are fairly affordable. Here are some details:
  • Plots on sale? We can find them priced at ₹6.51 lac for 1,000 sqft at ₹651 per sqft. Some go up to ₹15 lac for 1,080 sqft, or around ₹1,388 per sqft.
  • The average price per sqft in Madapar tends to hover around ₹1,350, based on new listings.

Rent Options

• There are numerous options for renting:
  • Warehouses can be rented at rates like ₹15 per square foot for a 9,000 sqft area, plus a security deposit of ₹1.35 lakh.
  • Office and commercial spaces may also be rented, though specifics can change.

Amenities and Infrastructure

• Madapar offers several perks due to its surroundings:
  • Access to hospitals, malls, and supermarkets adds value for both living and businesses.
  • It comes with open parking, 24/7 water supply, and a complete 100% backup power supply, ideal for offices.

Price Development Insights

• Prices in Madapar have stayed steady with some growth:
  • No major falls are reported, indicating a stable market condition.

Property Variety Available

• In Madapar, you'll find a wide range of property types:
  • There’s land for sale, commercial, and warehouse spaces.
  • Offices and showrooms for rent are also around.

PropertyWala’s Wrap-Up

In conclusion, Madapar, Gorakhpur, provides a good balance of affordability and access. Its central spot, steady pricing, and diverse property mix make it appealing. Investors see it as a stable market, and businesses find the amenities and infrastructure supportive. Nonetheless, each should do thorough research and review current market trends before deciding on buying or renting.