Ahmed Bin Abdullah Balala of the All India Majlis-e-Ittehadul Muslimeen party was elected MLA from the Malakpet Assembly constituency for the fourth time in 2023.

The locality was named after Malik Yaqoub, a servant of the Golconda King Abdullah Qutb Shah, where he lived and had a market.

[1] In 1886 The Hyderabad Race Club was shifted here from Moula Ali, as Asaf Jah VI wanted it to be closer to his palace.

On 2 October 2023, BRS Working President, Minister for Municipal Administration & Urban Development, Industries and IT&C K. T. Rama Rao laid the foundation stone of 30-floor Malakpet IT tower- iTek Nucleus in Moosarambagh area.

The Nalgonda X Road connects the nearby busy areas of Dilsukhnagar and Sayeedabad and is a hub of huge traffic.