Introduction
Real estate investments are processes that need to be well-thought-of and strategized.
Manikonda is an ideal location in regards to geography, site qualities, excellent service companies, and real estate business, so it’s simple to see why owning a home here is so appealing. Although there will always be bumps in the road, the long-term development forecast for this industry is strong. However, it is dependent on the IT surge sustaining.
Buyers are interested in Hyderabad real estate since it is cheaper than other metropolitan areas such as Bengaluru and Chennai. This increases the demand for housing within and around the metropolis. Manikonda, Bachupally, Puppalaguda, Uppal, Narsingi, LB Nagar, and Nanakramguda are some areas attracting home buyers’ consideration.
Manikonda is one of Hyderabad’s 10 leading preferred neighborhoods. IT workers like residences in Manikonda since the area is close to IT hubs. Hitec City, Nanakramguda, Gachibowli, and Raheja IT Park are among the nearby IT centers.
The neighborhood is appealing due to its upscale setting. Numerous Gachibowli and Hi-tech City programming professionals are engaged in Manikonda residences and properties. The city’s facilities, business, and amusement are all rapidly increasing.
All of these components contribute to the formation of a solid basis for the growth of Hyderabad as the next major center for the industrial property industry. When the need for the construction of real estate in one location grows, so does the demand for single-family homes in surrounding or nearby areas.
Manikonda is one such location in Hyderabad. It is situated on the western borders of Hyderabad. Manikonda is a rapidly developing area that has shown a significant rate of progress in terms of investment returns over the last few decades. It is regarded as one of Hyderabad’s most desirable areas for residential development and information technology.
Most IT professionals who work in these areas consider Manikonda to be the most interesting area to buy a home and live in.
What makes Manikonda the best option?
Property Pricing
Because of their proximity to IT clusters, apartment apartments do well in terms of financial return, with an average rental return of roughly 5.5 percent. A two-bedroom flat may rent between Rs 10,000 to Rs 25,000 per month, which is quite cheap. Because of these factors, one should analyze the property options available in Manikonda before investing in real estate in other adjacent places.
Furthermore, the intended ITIR Master Plan in Hyderabad, which also will integrate with the HMDA Master Plan, is expected to bring a method of systematic urbanization to the city’s perimeter in the coming.
Top-notch amenities are available
This neighborhood is lushly green and peaceful, thanks to sewage treatment facilities and adequate roadways. It’s a great place to live if you desire to be close to the metropolis yet not too nearby. Given the rapid growth of infrastructure, it is an interesting option.
Manikonda, a growing suburb, provides a diverse range of options for home buyers who are seeking personal or corporate investments in real estate prospects.
Seamless connectivity
The airline and train station are easily accessible thanks to overpasses and the Outer Ring Road (ORR). The upcoming Shilparamam Metro station will also link to other parts of Hyderabad. Manikonda is also connected to the local IT hub by the Old Mumbai Highway, which improves connectivity to Gachibowli and Hitech City. There are various bus lines connecting it to Mehdipatnam. Golkonda, Qutub Shahi Tombs, and Osman Sagar Lake are all accessible by car.
Numerous residential properties have been completed and handed over by widely renowned national and international building contractors and property developers. TSRTC buses connect Mehdipatnam and Manikonda MarriChettu Junction, as well as Lanco Hills and Secunderabad, establishing a strong public transit system.
Amazing Infrastructure
It does have prominent medical institutions such as Apollo Hospital, Care Hospital, Continental Hospital, and Max Cure Hospital within a 7-kilometer vicinity. The huge commercial developments in the vicinity include Inorbit Mall, Manjeera Mall, and Forum Sujana Mall. If you wish to reconnect with the wilderness and spend a cookout with your relatives and friends, visit Osman Sagar Lake, Himayat Sagar Lake, Khajaguda Heritage Rock Formation, and Mrugavani National Park.
The social security system of Manikonda is keeping up with the real estate expansion and development. There are various retailers and cafés along Manikonda’s main route. Manikonda’s shopping and leisure requirements are met by supermarkets and commercial developments in the neighboring cities of Madhapur and Kukatpally. Furthermore, there are multinational clinics and schools in the area.
The transportation system is in terrible shape, especially in the region’s interior. The biggest difficulty here is the lack of a public water hookup. Borewells and groundwater tankers are regularly used by the residents.
Key Takeaway
Typically, investors seek out areas with solid infrastructure and high profits. Manikonda is an excellent alternative in this regard because it has excellent roads and is close to the subway station and the runway.
The Outer Ring Road and the Indira Gandhi Flyover are the main boulevards in the area. In addition, between January 2018 and September 2018, real estate prices in Manikonda increased from Rs 4,645 per square foot (sqft) to Rs 4,766 per sqft. Property prices in Manikonda will rise even more as a result of supply restrictions. Panchvati, Bhagyalatha, and Laxmi Nagar are among the several residential complexes in Manikonda.
There are 24 properties under development and 139 projects that are keen to step in. Anuhar’s RR towers are here with their top-quality real estate properties in Manikonda for you to invest in.