Investing in Manikonda

Manikonda the very popular Information Technology hub in Hyderabad has been witnessing a great boom in its real estate and commercial development sector. Manikonda is a leading residential locality between Outer Ring Road (ORR) and Telecom Nagar. With many leading software companies making Hyderabad its head quarters is noted to be the prime reason for this kind of development. The area is much sought after for its posh locale and high class lifestyle. This has attracted a lot of crowd from people working in the IT sector. Looking at the significant amount of commercial and residential development happening at Manikonda, IT people working in Gachibowli and Hi tech city are looking to make their investment in this locality. Manikonda is rated among the top 10 localities of investment in Hyderbad. The development of any area depends on its connectivity and proximity to other key localities and hubs around it. To add to that accord, Manikonda is socially and infrastructurally very well developed to connect to the other localities and hubs surrounding it. Manikonda boasts its excellent connectivity and accessibility to airport, railway station and main IT hubs of the city. The locality is about 3 km away from Indira Gandhi flyover and Outer Ring Road that further gives a 14-16 km traffic-free drive to the airport and railway station. This area has seen a massive boom because of the huge IT set ups in its surroundings. There area is within 8-12 km of distance from most IT hubs that seem like the opportunity giver for most residential developments. People working in these IT companies choose to make an investment for their homes closer to their work place. Manikonda being centrally located with excellent infrastructural facility and good amount of residential options, offers itself as a great investment destination. rnManikonda offers property at affordable rates as compared to its counterparts in Western Hyderabad, such as Gachibowli and HITEC city. You can find property at 15-30 per cent lesser rates than properties in Hitec City. This in the large scale has helped promote the real estate in Hyderabad . The property prices in the area are somewhere around Rs 3,060 per sq ft and the rental market there looks to yield somewhere around Rs 10,000 a month of an average 2 BHK apartment. Manikonda holding the tag of being a posh locality, many developers have come up with luxury homes and duplex houses for sale in Hyderabad .With a varied option in the market, Manikonda becomes an inviting destination for both first time home buyers and for investors seeking to invest in luxury homes, liking the locality and lifestyle offered here. This further promotes rental market and the small talk among rental brokers suggest that this area is a hot cake amongst renters. Homes get rented out very fast and there is also constant demand for rental homes in this locality. With so many positive aspects laying in this area, it is fair to expect this market to grow and boom in the near future. Hence investing now in Manikonda now will yield excellent returns.