Q:Should I not invest in an apartment in Manikonda because of the buildings that were illegally built without approved Panchayat permission? Won't the real estate of the locality be affected?
Latest Answer: Manikonda really isn't all bad! Agreed, those illegal construction did drop real estate value but noy by such a huge margin also. The locality is quite good and it's affordable. You get a 1000 sq feet apartment for rs 25 to 30 lakh which is cheaper than paying rs 35 lakhs in Gachibowli or above 40 lakhs in Hi tech city! The locality has faced water shortage in the past, but the situation is much better now. Oh and it has great connectivity to other parts of the city. Just 3 km away from ORR and the Indira Gandhi flyover. 15 km or so away from the Kukatpally metro and about 8 to 15 km away from all the major IT hubs like Gachibowli and Hitech city. If you're buying an apartment there, don't just buy blindly. Check for proper documentation before signing any papers. Basic stuff and you'll be fine. :)
