is neknampur good area to buy a plot ...

Q: we are seeing for a property where we can buy a plot and construct our own house so that we can get some rents.... neknampur is the area near manikonda, where we are getting property within our limit ... can we go for that

Janaki Reddy,

30th November 2017

Buying property in Hyderabad

plots for sale

investment advise

buying plots near manikonda

residential plots near manikonda

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Replies (1)

Hello Maam,
Manikonda is a commercial and residential locality between the Outer Ring Road and Telecom Nagar. It falls in the Ranga Reddy district. The locality consists of two revenue villages Puppalaguda and Manikonda. Manikonda has been considered as one of the top ten localities in Hyderabad for real estate investment. It has emerged as strong competition for the Information Technology corridor. This locality has great potential in terms of capital appreciation due to emerging of new IT Park.

Vani reddy, Hyderabad

4th December 2017

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I am agreed with Mrs. Vani. Recently, this locality has been popular with home buyers because many of the Information Technology (IT) companies are headquartered here. Another reason why this locality has become so popular after is that of the Lanco Hills project. This project includes a dozen of towns comprising of residential, commercial as well as an IT special economic zone (SEZ). Another big project in this area is the Chitrapuri Colony which is a planned layout for Telegu cinema workers.
Many of the IT professionals who are employed in Hitec City and Gachibowli are now purchasing apartments and plots in Manikonda. The infrastructure in the area is growing at a fast pace. There are two highways leading to Manikonda; one is from Darga via OU Colony and the other is from Sheikpet. Overall, locality looks good for property investment and will give you good rental returns due to the availability of IT professionals in the locality.

Madhu Karanth, Hyderabad

4th December 2017