Manikonda property market: An overview

[ecis2016.org] Manikonda is one of the most popular localities of Hyderabad. This is one of the most developed residential and also commercial areas of Hyderabad. It is surrounded by areas like Gachibowli and Hitech City. Manikonda is one of the top 10 residential areas in Hyderabad

In the recent years, Manikonda, a locality in Hyderabad, has gained a lot of popularity. This area is an excellent residential, as well as commercial area. It lies in the heart of the city of Hyderabad and all the important localities are nearby. Several builders in Manikonda like Lanco Hills and Vessella Group, are constructing residential complexes. There are flats in Manikonda ranging from 2-BHK to 5-BHK. The amenities and services vary according to the buyer’s budget. There are several apartments and independent houses in Manikonda too.

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Connectivity with nearby Manikonda localities

• The distance from Manikonda to Rajiv International Airport is 31.4 kilometres.
• The distance from Manikonda to Secunderabad railway station is 21.4 kilometres.
• There are several bus stops which help to connect with other parts of the city.

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Employment hubs near Manikonda

• The distance from Manikonda to Gachibowli is 8.5 kilometres.
• The distance from Manikonda to Banjara Hills is 13.1 kilometres.
• The distance from Manikonda to Hitech City is 7.4 kilometres.

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Schools in Manikonda and other social amenities

Various schools include Sri Chaitanya School and Pavithra International School. The hospitals in Manikonda include Preetam Hospital and Sri Sai Medical Store. The shopping complexes in Manikonda are BRS Plaza and Krishna Kunj. The banks in Manikonda are ICICI Bank ATM and HDFC Bank ATM. Famous restaurants in Manikonda include The Gryyl Café and Jarlie – Fine Desserts. Maruthi Nagar Park and Balaji Nagar Complex are the parks in Manikonda.

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Price trends in Manikonda

The price trends in Manikonda from October 2016 to December 2016 have been as follows: The highest rate for multi-storey building is Rs 3,803 per sq ft, the average rate is Rs 3,125 per sq ft and the lowest rate is Rs 2,446 per sq ft. The highest rate for builder floor apartment is Rs 3,341 per sq ft, the average rate is Rs 2,812 per sq ft and the lowest rate is Rs 2,283 per sq ft.

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Reasons to invest in Manikonda

Manikonda is one of the most important residential areas of Hyderabad today. It is a posh area and it is also surrounded by other posh areas. In this area, the most important offices and business hubs are located and along with it are the top residential complexes. Big real estate developers are investing a lot in this area and the pros of this area is that it is located in the heart of the city and all the important localities are close by. The social infrastructure of this area is also very well-developed with many schools and colleges. There are many well-equipped hospitals that provide a wide range of facilities. There are many refreshment options too like restaurants, parks, cinema halls, etc. The airport and railway stations are close by.

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Source: https://ecis2016.org
Category: Lifestyle