The Locality Overview of Manikonda, Hyderabad
Manikonda is a growing residential neighborhood located 17 kilometers west of Hyderabad’s city center.
Due to the creation of headquarters of several reputable software businesses in surrounding financial areas, the suburb has gained appeal in recent years. Alkapoor Township, Film Nagar, Gachibowli, Jubilee Hills, Shaikpet, and Film Nagar are some of Manikonda’s surrounding neighborhoods. Several residential developments and standalone homes are now under construction, providing consumers with mid-segment accommodations. Lanco Hills and the Vessella Group are two well-known real estate developers in the area. Significant commercial and residential development has taken place in Manikonda. The affluent location makes the neighborhood desirable. Several software experts from Gachibowli and Hi-tech City are investing in Manikonda apartments and land. Infrastructure, retail, and entertainment in the neighborhood are all quickly expanding.
Price Trends
The average price of a property in Manikonda is Rs. 1.21 crore, with prices starting at Rs. 8.40 lacs. Property prices in Manikonda range from Rs. 8.40 lacs to Rs. 14.00 crore.
Connectivity
The Telangana government is working on constructing infrastructure, with the Nehru Outer Ring Road, which was finished in 2018, being one of the most prominent. It links the HITEC city, the airport, the Games Village, and the Singapore Financial District. The route is an eight-lane ring road expressway that eliminates traffic congestion on the Greater Hyderabad region’s major roadways.
Tourist destinations like the Khajaguda Historic Rock Formation near Lanco Hills, Golkonda, Qutb Shahi tombs, Osman Sagar Lake near Gandipet, Hyderabad’s Outer Ring Road, Gachibowli Athletic Stadium, Gachibowli Indoor Stadium, and HITEC City are all conveniently accessible.
Social Amenities
Manikonda is home to several prestigious schools, commercial centers, and hospitals. Sri Chaitanya School, Pavithra International School, Mount Litera Zee School, Gautami Talent School, and others are some of the best schools. Some of the medical care facilities in this area are Preetam Hospital, Prerana Hospital, and Royal Manikonda Hospital. The main shopping malls in the area include Lalit Mall, Sree Nilayam, SM Central, and BRS Plaza.
Employment
Due to its proximity to reputable job centers like HITEC City, Banjara Hills, and Gachibowli, Manikonda is gaining favor among investors as a rental housing hub. HITEC City, commonly known as Cyberabad, is only 7.4 km away and is noted for its huge number of software companies and other businesses. The distance between Manikonda and Gachibowli is likewise only 8.5 kilometers. Gachibowli is home to multinational corporations such as iGATE, Mascon Global LTD, CTS, and Microsoft.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
