Overview of Mehdipatnam, Hyderabad

The neighborhood of Mehdipatnam, found in Hyderabad's southern area, mainly consists of residential properties that include both single-family homes and apartment buildings. Let's give you a thorough look at this locality from a real estate view:

Property Prices

• Starting at about Rs. 2,777 per square foot, property prices in Mehdipatnam begin.
• The average price is around Rs. 8,598 per square foot. Prices might differ due to specific locations within Mehdipatnam.
• Property prices can go from Rs. 3,947 to Rs. 18,250 per square foot.

Specific Localities Within Mehdipatnam

• MIGH Colony:

  • Starting price: Rs. 5,866 per square foot
  • Average price: Rs. 7,257 per square foot
  • Price range: Rs. 5,866–Rs. 6,285 per square foot
  • Year-over-year (YoY) growth: Decrease of 30.89% in property rates.

• Navodaya Colony:

  • Average price: Rs. 4,005 per square foot
  • Price range: Rs. 3,055–Rs. 4,961 per square foot

• Santosh Nagar:

  • Average price: Rs. 6,452 per square foot
  • Price range: Rs. 5,651–Rs. 7,106 per square foot

• Huda Colony:

  • Average price: Rs. 6,060 per square foot. Same price range all year.

• Ambedkar Colony:

  • Average price: ₹14,000 per square foot. Constant price range too.

Rental Market

• 3 BHK Flats:
  • Rent: ₹ 22,000–₹35,000 per month
  • Built-up area: Generally around 1400 square feet
  • Furnishing: Available semi-furnished and unfurnished
  • Notable projects: Lakshmi Sadan Mehdipatnam, Mounika Heights

Recent Price Movements

• Short-term Trends:

  • Mehdipatnam: +11.40% over the past 3 months, +10.84% in the past 6 months, +31.80% in the past year.

• Neighboring Areas:

  • Vijayanagar Colony: +0.82%, -2.31%, and +5.71% over the last 3, 6, and a year months respectively.
  • Nanalnagar: -2.18%, -3.91% and +11.14% over the last 3, 6 and a year months respectively.

Notable Projects and Developers

• Projects:

  • Prashanti Heights
  • Geetanjali Enclave Mehdipatnam
  • Century Apartment
  • Maphar Decent Tower
  • Shamshiri Premia Prestige
  • Sunshine Anantram
  • Sai Someswara Nilayam
  • Mounika Heights

• Developers:

  • Iconic Casa
  • Peers Aziz Constructions
  • Shanta Sriram Constructions
  • Pears Constructions
  • Sri Sreenivasa Constructions
  • Maphar Constructions
  • Elegance Constructions
  • Shamshiri Infra Projects

PropertyWala's Conclusion

Let's wrap it up; Mehdipatnam provides diverse real estate choices for buyers and renters. Prices here are competitive, differing based on specific areas and types of properties. The recent trend in prices gives a positive outlook suggesting a good time to buy or sell. Remember when comparing the different colonies and projects, always check prices to make good decisions. For those needing temporary or permanent housing, the rental market here offers decent options. Mehdipatnam stands out as a dynamic real estate market in Hyderabad.