Manikonda is the site of significant commercial and residential development. The area is sought after for its posh locale. Several software professionals who work at Gachibowli and Hi-tech City are purchasing flats and land in Manikonda. The area's infrastructure, shopping and entertainment are rapidly growing. The highways leading to Manikonda include one from Darga via OU Colony and another from Sheikpet via Sports complex and filter beds. It consists of two revenue villages named Manikonda and Puppalaguda. Several dozen towers of the multi-billion dollar Lanco hills as well as Chitrapuri Colony are located in Manikonda village. To reach this bustling locale from the airport, one should exit from Outer Ring Road at Nanakramguda/Gachibowli junction and take Lanco Hills Road.

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