Manikonda: A Residential Property Hub

Manikonda is a residential and commercial suburb located in west Hyderabad. The area has been witnessing a real estate boom in the recent years owing to the existence of many leading IT firms in the surrounding areas. This has increased the demand for flats in Manikonda. Cashing in on the demand for housing, many leading developers have launched their residential projects in the locality. The highways from the Dargah via the OU Colony and the Shaikpet via the sports complex lead to Manikonda. The two revenue villages found along these highways are Manikonda and Puppalaguda.

The most prestigious residential projects like the Lanco Hills and the Chitrapuri Colony are located in Manikonda. It is situated very close to the Nanakramguda and the Gachibowli junction of the Outer Ring Road. The area has several commercial establishments and this has increased the demand for Manikonda plots. Some of the commercial areas surrounding Manikonda include Jubilee Hills, Gachibowli, Hitech City and Kondapur.

This place is well-connected to other commercial and residential areas of the city by the APSRTC buses which runs from Mehdipatnam and passes through Manikonda. This locality is also connected to the Film Nagar through the upcoming four-lane road at the Shaikpet Nala. The closest railways station is the MMTS train station at the Hitech city.

Some of the landmarks in the locality include:

•Golconda Fort
•Gandhipet (otherwise known as Osman Sagar Lake)
•Seven Tombs
•Gachibowli Stadium
•Hitech City

Manikonda has several reputed educational institutes in and around its locality. Some of them include Mount Litera Zee School, Lakshanika International School, Scholars and Lotus, Gautami Talent School, Euro Kids and Delhi Public School (DPS in Gachibowli). With several software companies and IT Parks nearby, many software professionals consider this locality for investment purposes. Owing to this fact, there has been a steady rise in the demand for residential properties and plots for sale in Manikonda and its surroundings.

The area has been developing at a rapid pace, with many upcoming commercial infrastructures, shops, multiplexes and eateries in its surroundings. Shaikpet Nala is the recently opened mall with many leading brands like the Reliance, Brand Factory, McDonalds and also many reputed two-wheeler and four-wheeler showrooms. Some of the supermarkets found in this area include Ghanshyam supermarket, Foodworld, Godrej Natures Basket, Fresh and Dilip Supermarket. 9 Restaurant, Taara Foodex, Namaste Restaurant, Maha Laxmi Restaurant and Haripriya Restaurant are some of the popular restaurants.

Many residential properties are being developed here by well-known realty developers. Some of the projects are the Lanco Hills, Chitrapuri Colony, and Harivillu, Floatilla, RGP One and also many villas in Manikonda like the Blue Lagoon, Hanging Gardens and Lake View Villas.

The property rates in the area have appreciated by 10% in the market price. Buyers can still purchase an apartment here at lower rates when compared to other areas like Kondapur and Gachibowli. The rate of residential flats for sale in Manikonda is between Rs. 2663 and Rs. 2950 per sq feet. And the residential plots are priced at Rs. 29,245 per square yard approximately. The prices are estimated to go up further due to upcoming residential and commercial projects.

Author Bio:

Gayathri Deepak writes in support of property.sulekha.com, an Online Property Portal catering to all the consumer needs in the Indian real estate domain. It’s a platform for both buyers and sellers to exchange valid information in a quick and effective way.  Log on to property.sulekha.com to advertise and also find more information on various properties.

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