Manikonda, a commercial suburb in Hyderabad is transforming itself into a residential hub, with many housing projects entering into the market. The main reason for such change, is the presence of leading IT and ITES companies close by. Workforces working in areas like Gachibowli and HI-Tech City do not want to travel far and thus lookout for good options in Manikonda. Witnessing such huge demand, developers have started thronging Manikonda with their good projects.
This bustling locality can be easily accessed by TSRTC buses that ply from Mehedipatnam to Manikonda. The nearest rail station is MMTS Train station in HI-Tec City. It is very close to Outer ring road and has a direct connectivity to the airport. Residents can easily find share autos that make commutation easy to Gachibowli and MMTS (Metro Train in Hyderabad) and Hitec City.
It is surrounded by good schools and hospitals, like, Mt. Ltera Zee, Scholars, Lakshanika Internatioanl School, DPS and Many more. Even one can easily find good eateries and shopping zone for fun activities.
As Manikonda is close to Hi-Tech City and Gachibowli, and other IT hubs of Hyderabad, it’s obvious that people would like to reside somewhere near it and Manikonda fits the bill well as its affordable and self-sustained. People generally prefer to opt for 1 or 2 BHK units at a monthly rental that ranges between Rs. 8000 to Rs. 20,000 respectively.
Manikonda monthly rental returns are best in the area. In the last quarter, Manikonda offered the highest rental returns, around 4.60%.