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Advantages of mandatory RERA registration for homebuyers in Telangana

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In Telangana, the real estate sector was comparatively unregulated due to lack of mandatory RERA registration. It was time to establish rules that would  protect the homebuyer’s interest, maintain transparency and accountability among real estate companies. Hence, Telangana State Real Estate Authority’s (TS-RERA) Chairman N.Satyanarayana has made it compulsory for all real estate firms to obtain RERA registration and mention it on all their project advertisements.

He pointed out that it is imperative to garner buyer’s trust as people spend around 77% of their income to buy a house. Keeping their confidence and faith intact is of utmost importance.

This decision of mandatory RERA registration will ensure that the consumer’s interests are guarded and will make sure the builders fulfill each responsibility as laid down by the RERA act. They will also focus on standardizing the construction quality.

Let us explore the advantages of the mandatory RERA registration for homebuyers.

Better accountability

People can file a complaint with RERA in a situation of loss or if the builder violates any provisions of the act. There is complete transparency for all customers in accessing the records of the RERA registered projects and checking details on the website. The communication between the two parties has to be seamless as the companies are obliged to provide every update to their consumers. So, if the delivery of a project is delayed, the real estate firm has to truthfully and diligently owe it to the homebuyers.

Financial protection

A part of the money paid by the homebuyer will be credited to another bank account for the developers to use in their project construction. The entire amount paid by the consumers is protected by the RERA act. In case of project delays or cases where builders fail to comply with a pre-decided agreement, the builders can face penalties which may include liability to pay interest to the buyers on a monthly basis.

Peace of mind

Homebuyers can purchase and invest in numerous properties in different locations of the state with complete confidence. Specifically, Hyderabad, which is certainly a value-for-money destination and a wonderful city to live in. The expanding job market and infrastructural development has also paved the way for an increase in the number of people seeking jobs in the city. People can buy properties with certainty and feel the assurance of their decisions being backed by the law.

In conclusion, businesses thrive when built on the foundation of trust and mutual cooperation. RERA registration is boon for homebuyers and helps regulate the real estate sector.

TMR Group is a RERA registered firm in Hyderabad. We offer gated communities in the bustling yet soothing outskirts of the city, through municipality approved, well-developed and state-of-the-art plots. To know more head to https://tmrinfra.com/

Medchal Real Estate: A perfect place to Invest

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Located in Medchal-Malkajgiri district and around 25 kms away from the North of Hyderabad, Medchal is gearing up to become the hotspot of the city.

The town is strategically located in the proximity of the Rajiv Gandhi Airport, the Outer Ring Road and the National Highway 44. This area has several educational, healthcare centres, shopping centres and other amenities that are convenient to the audiences.

Seamless Connectivity 

The three National Highways (43,44 and 65) and the State Highway 17 provides access to the city of Hyderabad. A variety of public transport make their way to this area, making it a better connectivity.

Why invest in Medchal?

Located in Hyderabad’s North Zone, Medchal is exponentially developing, which has resulted in a lot of attention from potential buyers in the past few years such as:

Real Estate: The growth of the town’s infrastructure and connectivity has resulted in a growing demand for residential and commercial properties in Medchal.Real estate investment in Medchal has been growing steadily, and several residential and commercial projects are underway.

Industrial Investment: Medchal has a growing industrial sector, offering opportunities for industrial investment in various sectors like pharmaceuticals, electronics and textiles. The town also provides infrastructure and other facilities to small and medium-scale industries.

Information Technology: With the establishment of many IT companies in the area, it offers investment opportunities in software development, digital marketing  and IT support.

Healthcare: Medchal has several hospitals and healthcare facilities that offer  investment opportunities in healthcare administration, medical equipment and healthcare services.

Education: Medchal has a significant presence in educational institutions ranging from primary schools to colleges, offering investment opportunities in the education sector.

Property Market in Medchal

Medchal is a major property market on Hyderabad’s northern outskirts. It is well-liked among both investors and buyers. There are massive lands and potential for additional construction. The region offers a variety of residential plot options, most of which have been approved by the HMDA.

According to sources, 27% of houses for sale in Medchal are in the category of INR 20 Lac – 40 Lac, while 24% are in the range of INR 40 Lac – 60 Lac. This area’s most prevalent room configuration is 2 BHK, which accounts for approximately 59% of all houses for sale. 60% of properties here are residential plots.

The growing popularity for the area has also contributed to the hike in open plots where the buyers have an upperhand to customise their homes as per their fancy.

At TMR Green Meadows, we offer open plots that are 30 minutes from Medchal, which is well-connected to the city.

To know more about TMR Green Meadows or TMR Group log on to https://tmrinfra.com/

The rising demand for plots near suburban areas

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Owning a space that is away from the chaotic city life has been a dream for many. After COVID-19, this started to turn into a reality as work from home was a common sight. From offices to educational institutions, the world had virtually come closer which resulted in the demand for independent spaces. People started to move out from Tier-I cities to the suburbs or even smaller towns for spacious accommodation.

In Hyderabad, the value of plotted properties rose to 21 percent between 2018 and 2021, indicating a sharp increase in the demand for such properties.

Here are some of the reasons which have contributed to the increase in demand for plots in suburban areas.

Low population:

Most people prefer plotted development projects in city suburbs, as they have a low density population. They seek to live in a peaceful environment and hence make a switch to such parts of the city.

Flexibility in construction:

A piece of land offers the freedom to design the house in the way you like. It can help you express individuality and fit your way of life. Hence, the flexibility of construction is chosen over the restrictions in an apartment.

Affordable land rates: 

Low-priced plots in the outskirts of Hyderabad are a preferred option, as it allows a better scope for price appreciation. The increased land rates in the city have contributed to the affordability.

Quality of life:

The growing popularity of Hyderabad has contributed to the development in the real estate sector. With ample resources like water, land, electricity and the freedom to utilize them, the quality of life in the suburbs is preferred.

People have started flocking away from the hustle-bustle of the city towards the suburbs, where the peace and slow life is loved.

TMR Group ensures the best of tranquil living experience and vibrant city life.

To know more visit our website https://tmrinfra.com/

Hyderabad’s Real Estate Market in huge demand

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As a tourist, Hyderabad will never disappoint you. The royal and rustic essence of the old city and the booming IT sector acts as a bridge between the best of both worlds.

In recent years, the city has become one of the biggest job markets of the country. It is home to some of the major IT MNCs, is the headquarters of over a thousand start-ups and is in the process of becoming the World’s Biggest Pharma city. No doubt, the charms of the pearl city have lured many to reside here.

This has in turn fuelled the residential real estate demand in the city. According to a source, the total value of properties registered during the month is Rs. 2800+ Crore, reflecting a 2 percent year on year rise.

Apartments ranging between 25 lakh to 50 lakh have seen a significant 52 percent raise in registrations till the month of June 23. Moreover, there has been an account of 18 percent registration for properties listed below 25 lakh. However, properties ranging over and above Rs. 1 crore have an account of 9 percent, till June 2023.

The demand for slightly larger homes continues post COVID, as properties ranging from 1000 to 2000 square feet have captured as much as 68 percent share of registrations in the month of June 2023.The properties between 500 and 1000 square feet have a share of 17 percent, while properties larger than 2000 square feet maintain a share of 11 percent.

The popularity of Hyderabad has extended to districts beyond the city’s periphery. Neighbouring districts like  Medchal, Malkajgiri, Rangareddy and Sangareddy have seen a rise in residential demand in recent past. These districts have a wide range of properties from budget friendly homes to extravagant apartments, which make them the top choice for home buyers looking for affordable yet luxurious options.

Districts like Medchal and Malkajgiri have emerged as the upcoming locations for investment, with an accounting share of 46 percent with regards to total sales registration, followed by Rangareddy with a 38 percent registration. Apart from the demand for apartments, the city has also witnessed a demand for residential plots, especially in gated communities.

Plots allow for customisation of homes according to your will, are easy to buy or sell, and provide high returns on your investment. Residential plots in gated communities  come with amenities that make everyday living easy and boost the value of your investment. No doubt, buyers today for lands that yield better returns in the future.

At TMR Group, we offer you a gold mine of opportunities for a prosperous future. Our gated plot community- TMR Green Meadows in Chegunta is located close to the six proposed highways and flyovers, for a seamlessly connected future. These well-developed residential plots that complement the Vaastu make the perfect choice to build your home near Hyderabad or make an investment for the future.

To know more TMR Green Meadows or TMR Group, visit https://tmrinfra.com/ today.

5 Vaastu Plants that boast your Home energy and Health.

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Have you noticed how soothing it feels amidst nature? It is because the colour green is associated to harmony and balance. Lately, indoor plants have become an addition to our home decor. These houseplants have a key role in Vaastu Shastra, an ancient architectural science, which emphasises the energy flow. According to its principles, plants provide balance and positivity. You can optimise the energy by including these 5 Vastu Plants.

Here are some plants that boosts your Home energy and health:

  1. Lucky Bamboo Plant:

The Lucky Bamboo plant, also known as Dracaena Braunii is often seen along the Buddha statue in decor stores, is said to bring good fortune, positive energy and luck. These plants are available in both miniature and taller varieties that can be decorated at your work space.

Vaastu Tip: Place it in the southeast or eastern corner of the house.

  1. Tulsi (Holy Basil):

In Vedas, Tulsi is considered to be a form of goddess Laxmi as it is believed that it contributes prosperity, mental and physical health for families. According to Vaastu, Tulsi brings harmony, happiness and spirituality to your home, along with various health benefits.

Vaastu Tips– It is suggested to plant it in the north, east or northeastern side of your home.

  1. Aloe Vera:

This plant benefits in many ways, like skin care, hair care, and digestion-related products and medicines. In Vaastu, it is associated with prosperity, positivity and good fortune. In addition to this, it is also planted to increase the oxygen levels at home.

Vaastu Tips: Place the Aloe Vera plant in the north or east side of your home.

  1. Money Plant:

The money plant is believed to attract good fortune and wealth. The vines of the plants are ideal for both indoor and outdoor spaces.

Vastu Tips: The suggested places to place this plant are south and east corners of your home. Experts advise that keeping it outside or towards the north side would be the best.

  1. Jade:

Also known Feng Shui plant or commonly referred to as houseplant, this is one of the best housewarming gifts, as it purifies air and helps in boosting mood. Jade is also known as the lucky plant, for bringing good luck and positive energy.

Vaastu Tip: The best spot is the southeast or at the entrance. Avoid it in the bedroom.

Vaastu-compliant plants not only enhance the appeal of your home, but help in uplifting the positivity around your home. However, the plants need to be placed in a direction that is complimentary to the Vastu Shastra.

At TMR Group, we develop residential plots that compliant with Vaastu for the wellness of your home. Our projects in and around Hyderabad are accompanied with a host of amenities that ease living. To book your plot today, or know more about TMR Group and our projects, visit www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html