Property in Hyderabad has gained momentum due to the presence of several giant IT companies and other blue chips. Apart from this, the city hosts a number of reputed educational institutes and colleges that also boosts the demand of the city. Many reputed real estate companies of India have launched their residential projects in Hyderabad in the recent past and has demonstrated good response from both local and international investors. NRI diaspora has also been showcasing their keen interest to invest in top Residential Real estate in Hyderabad.
Real estate projects in Hyderabad has grown at a scorching pace with an array of properties and promising residential projects. The residential projects are crafted with finest details and unique features and offers top notch amenities. These projects launched by prominent developers have captured handsome amount of traction from across the country and also abroad The city has gained global status. With these meticulous projects meeting the international standards, many hotspots in the city have emerged as lucrative investment destinations. Property in Hyderabad booms.
Real estate boom on outskirts
Gone are the days when only few locations were in the limelight, but now the focus has also shifted to the city outskirts like Manikonda, Nanakramguda, Gopanpally, areas near the Hitech City including Kukatpally, Gachibowli and Madhapur. The boom in the IT sector of the city has unlocked the value of these places. Enjoying proximity to major IT hubs and business parks, these places have emerged as great bets for early investors due to their immense potential for future growth.
Many rich business tycoons, leading corporate professionals, IT professional, businessmen and other investors have shown their keen interest to buy apartments in the developing areas near the Hitech city and Manikonda. The demand for the apartments in the outskirts of the city have grown due to the shifting of several software companies in these areas. Manikonda is one of the most sought after commercial and residential localities of the city situated between the Outer Ring Road (ORR) and Telecom Nagar. Manikonda is touted to be one of the top ten localities in Hyderabad for real estate investment.
Reasons why should you invest in Manikonda
Robust connectivity – Manikonda enjoys a robust connectivity to airport, railway station and other major IT hubs of the city such as HITEC City, Nanakramguda, Gachibowli and Raheja IT Park. The locality is about 3 km away from Indira Gandhi flyover and outer ring road.
Affordability – Property prices are quite affordable in Manikonda when compared to other areas of western Hyderabad, such as Gachibowli and HITEC city. This increases the attractiveness of the locality and makes it a great bet for investment. One can enjoy an excellent social and physical infrastructure without burning a hole into their pockets.
Returns – Owing to the increasing number of corporate houses and IT firms entering into the space, the area has seen a scorching growth. The area is expected to fetch whopping returns in future and also enjoy high rental incomes.
New projects – With the properties shrinking in areas such as HITEC City, Gachibowli and Kondapur, the developers are showcasing their keen interest in Manikonda for residential developments. Also, the spill-over effects of the IT industry has generated a great demand for housing that further shifts the developer interest to the locality as it shares proximity to IT hubs.