MANIKONDA: A RESIDENTIAL PROPERTY HUB

Manikonda is a residential and commercial suburb located in the 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.

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 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 railway station is the Hitech City railway station. Some of the landmarks in the locality include: Golconda Fort Gandipet (otherwise known as Osman Sagar Lake) Seven Tombs Gachibowli Stadium Hitech City
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 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. 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. ft. And the residential plots are priced at Rs 29,245 per square yard approximately.

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