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. In February 2022, a two-member bench of
Supreme Court of India passed judgement that Manikonda village jagir comprising prime land of and 32 guntas of land belongs to
Government of Telangana, setting aside the orders of the erstwhile Andhra Pradesh High Court. The land is free from any
encumbrance. 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. DivyaSree TechRidge is a project near Lanco Hills. Several companies likes Accenture are located in this. There are many parks in Manikonda Municipality like Netaji Park located in Alkaoor Township, Puppalguda. The area also has many gyms like Hyki gym in Green Living Apartments, cult gym in Panchavati colony, etc. File:Sutherland building across a tank near LANCO Hills.jpg|Sutherland building near LANCO Hills File:Basements of LANCO Hills High-rise complex.jpg|LANCO Hills High-rise complex File:Lanco Hills from Filmnagar (June 2019).jpg|LANCO Hills from Filmnagar ==Transport==