Manikonda Lanco Hills Hyderabad and You

Today we went to Manikonda. People say it's diamond hills. We didn't find any diamond over there but few independent houses, appts, narrow roads and only rocks. You can view the attached images.

Image: Lanco Hills (Construction Work)





How many of you have visited Manikonda? I know you have seen pictures in news paper and other advertisement see how it really looks. Image: A plot in between Lanco & DPS.
Had great fun with a local guy who was trying to sell his house at 1.7 crores. He was quoting 1.7 crores for his out of fashion old house. We tried to calculate the price. Land = 300 sq yrd X 25000/- (max ) = 75 lacs plus add his house price. which can be 10 lacs Max. So total price = 85 Lacs. He has been quoting 1.7 crores because it's near to Lanco hill. He may find a buyer in that area who doesn't understand calculation. This happens to local people. This 7 th pass guy is a crorepati and he is holding 20 acres of land in Chandanagar. We poor IT people will fight with our boss for 10% hike. That's the fact.

This story describes Hyderabad Real Estate Market. There is a huge gap between market price and the actual value of the property. MARKET SHOULD CRASH AS SOON AS POSSIBLE.

We have seen few more projects. Harivillu from Lahiri, they are quoting 3500/- per SFT (negotiable). They do quote Rs.4000/- to some people. They decide the price and they can increase the price whenever they want. That's the fact. Near harivillu we saw one projects with 20 ft aproach road was quoting Rs.2400/- per SFT.

Actual fact: In Manikonda there is no muliplex and after 5:00pm it would be tough to find a share auto.
Image: DPS


Visit the place before you buy. Never buy a property by seeing it's images. See the real images. Also make a goup of people and opt for bulk booking you will get good discount. We have been trying this because we believe in power of community.

Image: DPS

Image: Lanco Hills - This is the road







Image: Alkapuri Colony