Hyderabad: Properties in Manikonda emerges as attractive option for Affordable Homebuyers

Hyderabad News

Touted as a best residential and commercial hub, Manikonda in recent years has attracted many prospective homebuyers of Hyderabad to invest in this locality due to better infrastructure and connectivity. Being a plush locale, the property prices here are still lesser than the surrounding localities like Gachibowli and Hitec City. This is one of the major reasons why Manikonda attracts most of the IT professionals who work in nearby software companies.

Manikonda enjoys smooth connectivity to other areas of the city via a thriving rail and road network. The nearest metro station is HITEC city. One can also take TSRTC buses to move to other areas like Mehdipatnam, Secundrabad, etc.

The locality also has a flourishing infrastructure with the presence of many renowned educational institutions, Cricket Ground, temples, software company headquarters and, Lanco Hills, a luxury hi-rise residential project. Some of them include Delhi School of Excellence (DSE), Oakridge International School, Lakshanika international school, Cricket ground Near Marrichettu Junction and Manikonda Graveyard, Sri Parwathi Ramalingeswara Swamy Devasthanam Temple, etc.

Presence of well-developed infrastructure has called upon many leading developers to launch their residential projects. At present, many are in various stages of development. One can easily get 2 and 3 BHK flats at affordable rates. Some of the upcoming projects are Anuhar Homes, Fortune golden Oriole, Casa Saxima, etc.

At present, the average property price in Manikonda is Rs 4,586 per sqft. So, a working professional can purchase a 2 BHK in the range of 35-50 lakh. In the rental category too, Manikonda is emerging as a favourable destination amongst tenants. The average rent here is Rs 13/ sqft per month which is much less than what it is in GachiBowli and Hitec City.

With such pace of development, the future of the property market in Hyderabad is much vibrant and compelling as compared to the other adjacent localities and investment’s here today will definitely prove to be beneficial for investors.