Manikonda is a commercial hub and residential suburb in
Hyderabad, India. This suburb has boomed in recent years due to the presence of
leading software firm’s headquarters in the place as well as upcoming
residential projects including Lanco Hills and Chitrapuri Colony.
Located at a distance of 8km on the other end of the Old Mumbai
Road, Manikonda offers numerous rental options within Rs 10,000 per month. Plots for sale in manikonda offer affordability,
returns, and connectivity to the key destinations. Manikonda flaunts its
accessibility to the airport, railway station and main IT hubs of the city. The
place is about 3 km away from the Indira Gandhi flyover and outer ring road
that further gives a 14-16 km traffic-free drive to the airport and railway
station.
Due to the IT setups in and around, the area has
performed well in the last one year in regards to the rental returns. The area
offers a 1000-sq-ft flat at an average price range of Rs 30 - 40 lakh. The
rental values for multi-storey apartments in the region have marked a minimum
increase of 15-20 per cent in the last six to nine months.
Plotted development in the area has witnessed
increased buyer interest in recent times as it offers a profitable option for
investment. The area offers a good number of schools, banks, departmental
stores etc. The area’s infrastructure, shopping and entertainment are on the
upswing. The residential land prices are still within the affordable range.
Investing now would fetch good returns in 2-3 years.
