Manikonda real estate on growth path after becoming a municipality

Manikonda has been rated as one of the top ten property investment locations in Hyderabad. It has emerged as the IT corridor’s strong competitor.

Manikonda is a commercial and residential locality between the Financial District and Hitec City. The area falls in Gandipet mandal of Ranga Reddy district. The locality consists of two revenue villages Puppalaguda and Manikonda.

This area has been popular with home buyers in recent times as many of the IT companies are headquartered in and around the area. Another motive for looking for this location is because of the projects like Lanco Hills and others. Lanco hills project includes several dozen towns comprising of residential, commercial as well as an IT special economic zone (SEZ).

The Lanco Hills Tech Park is part of the Telangana Government’s Knowledge Corridor. It consists of a built-up area of 7.85 million sq ft including premium office space with both SEZ and non-SEZ areas. These commercial spaces are designed to accommodate more than 75,000 people with 12,000 vehicle car parking facilities.

The Chitrapuri Colony, a planned layout for Telugu Film Industry employees, is another project in this area.

Earlier as a panchayat, Manikonda had issues with illegal constructions mushrooming without proper permits which has hurt buyer sentiment. The recent metamorphosis of the area from a panchayat to municipality has put an end to all illegal constructions under its jurisdiction.

Home buyers also get a number of options ranging from budget apartments to villas and also open plots. Apartments in the area are in the range of Rs 4000 – 6300 per sq ft while villas range between Rs 4700 – 10,000+ per sq ft.

Key Highlights and Developments-

• Manikonda starts from Nizampet in the north to Narsingi in the south along the ORR making road connectivity to Rajiv Gandhi International Airport hassle free.
• It is well connected to the main city and has wider roads with an average width of 40 meters. There are two highways leading to Manikonda; one is from Darga via OU Colony and the other is from Sheikpet.
• The Manikonda, OU Colony and Secretariat Main Roads have become high streets with many restaurants and shopping complexes housing many branded retailers.
• It has an abundance of world-class educational and healthcare institutions, shopping and entertainment hubs, etc.
• Khajaguda  Lake and Khajaguda Hills are a popular spot for outdoor activities, such as hiking and bouldering.
• Nearest Metro station is 5Km from the area and has good number of bus stops. The closest MMTS Train station is at HITEC City.

Present Residential Projects in Manikonda include-

• Lanco Hills 16LH
• Sree Hanuman
• Vazhraa Vihhari Block C
• Palm Breeze
• Rineesh Garden
• Morning Raaga
• Spring Valley
• EGA Nest
• Sree Shrikara
• Vazhraa VIHHARI
• Lake View Villas
• Lanco Hills 8LH
• Abinandana Exotica – 1
• Indhra Prastha Villas
• Falcon
• Mamatha Nivas
• Lanco Hanging Gardens
• Abinandana Crystal Springs