Hyderabad: A hotspot for open plots!

The demand for housing in Hyderabad stands witness to the growth of this city. With incentives and initiatives by the state of Telangana to boost the economy, the iconic city is now thriving as one of the biggest IT hubs in the country. Excellent standard of living across all parameters, opportunities for growth and secure investments has made it the choice of residence for young and old alike.

The major reasons behind the growth of the Hyderabad real estate market include infrastructure development projects undertaken by the Telangana state government and investor friendly policies. Several companies are expanding their operations in the city, including international giants like Amazon, Google, Microsoft and the rest. Several skilled professionals therefore are migrating to Hyderabad for better work opportunities and making this city their home. Hyderabad is today one of the top destinations for realty investments in the country.

A recent study has highlighted that southern cities are leading the demand for residential plots in the country. Notably, Hyderabad has witnessed the maximum price appreciation in plots.  The demand for plots and independent floors has significantly strengthened after the COVID-19 pandemic. Residential land is also believed to be a better investment option than buying a flat in apartment. Reports say that plots have generated higher capital returns in India. Experts say that one of the reasons for this demand could be the limited supply of plots in big cities because of paucity of large land parcels in the urban centres like Hyderabad.

Home buyers today are looking for either high configuration homes or private lands to build a home that’s customised to suit their needs. The continuance of Work From Home (WFH) policies and cultures and need for space is predicted to be one of the major driving forces for the same. A demand for plots has been in the range of 900 sq.ft to 1800 sq.ft has been noted. Other factors that have contributed to this demand include the reduction in premium charges and stamp duty in the real estate sector across states.

With the revival in the demand for plotted development, a number of well-known real estate developers have ventured into the plotting business. Unlike earlier decades, where owners of vast tracts of open land would plot their land and sell them as individual units, with several big developers joining the bandwagon, gated plot communities are booming in the business.

Medchal, Adibatla, Ghatkesar, Shankarpalli, Patancheru, Tukkuguda, Maheshwaram and Shadnagar are today amongst the top locations in Hyderabad for investments. The growth prospects in the vicinities of these regions have made them the hotspots for residential markets today.

Plots have undoubtedly become a go-to choice of investments in the post-pandemic real-estate marketplace. Additionally, a well-chosen land offers higher returns on investment when compared to apartments. With TMR Group gated communities you have multiple opportunities in this city of prospects to grow. Our plots in the lands of future opportunities make the ideal investment for a secure future for you and your family. Become a part of our gated communities across the state with a blockbuster discount this Sravana Masam across all our projects in Hyderabad. To know more about this offer, and other projects, visit https://www.tmrinfra.com/

TMR: Old Hyderabad is gearing up for a new look!

Hyderabad- the land of pearls and Nawabs! Its charm lies in not just the glass towers that line its skyline but in the by-lanes of the old city, where the hidden treasures lie. Dotted with shops that sell bangles, pearls and other jewels, and the aroma of the famous Hyderabadi biryani and bakery biscuits lingering by, Old Hyderabad has a charm of itself. It wouldn’t be wrong to say that it’s another world in the lanes around Charminar and River Musi where heritage and history combine. This world has always fascinated people from far and wide and continues to leave them in awe to date.

The resilient real estate market of Hyderabad hasn’t swayed in the past 6 years and more, inspite of the pandemic and its disruptions. The housing market has remained at the forefront as resilient and flexible and has experienced stable growth over the years. Constant efforts by the municipal authorities and the state government have to be credited for this boom. Over the years, the city has not just fared well but also topped the charts as the best city to live in the “Quality of Living Index” for years consecutively now. It continues to be among the top cities in terms of purchasing power index, safety index, healthcare index and cost of living index, property price to income ratio index, traffic commute time index, pollution index, and climate index. A booming IT sector and employment opportunities in tech start-ups and unicorns have resulted in a rise in migrant influx to the city, who now call it their home. With increased hiring and hefty pay by Info Techs and start-ups, the economy in the state is growing like never before. The demand for rising is also credited to this growth. 

The residential market in Hyderabad is a mix of end users and investors, and with the economy growing and positive traction from both, the demand is projected to stay robust in the coming years. The city’s rapid urbanization isn’t limited to its outskirts and suburbs anymore. It has now seeped into pockets of the Old city along the streets of Ghanzi Bazar, Noorkhan Bazar, Pathergatti, Aghapura and other colonies around Charminar. Old homes in these areas are now making way for modern buildings that cater to the residential and commercial needs of their new-age owners.

While many have opted to revamp their spaces, others have leased out portions of their homes to tenants. These upgrades, local industry experts observe, have pushed rates to an all-time high. Notwithstanding the caps on construction, projects in this part of the city are priced anywhere above Rs.3500 per sq. ft. Several online real estate portals list apartments in this vicinity for sale between 3,400 and 5,500 per sq.ft. In other prime locations, residents have leased out entire buildings for commercial purposes that bring them anything between Rs.1 lakh to 1.5 lakh as rent.  

All these numbers and figures highlight the growing demand for housing in Hyderabad and the growing opportunities in the state. Secure a future for your family in this city of prospects with TMR Group. Our plots in the land of future opportunities make the ideal investment for a secured future. Become a part of our gated communities across the state with a blockbuster discount this Sravana Masam across all our projects in Hyderabad. To know more about this offer, and other projects, visit www.tmrinfra.com