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Things to keep an eye on when investing in plots!

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To own a land has been a dream for many! It gives us the ability and flexibility to build and design our dream house. Buying a land is considered a wishful commodity. It has become a matter of pride these days to own a piece of land. Additionally, it gives immense value in return and is considered a feasible investment for the future generation.

But to invest in any kind of property, it is important to follow some things to be on a safe end of the deal.

Title Deed:

Ensure that the person selling you the property should have their name on the property. And that they also have the right to sell that property without the consent of any other person. The original deeds should be legally confirmed by the lawyers. You can even get the previous deeds for land verification. Before registering make sure that you get the release certificate

Sales deed:

It is essential to receive a sales deed from the seller. This helps you know that the property that you are purchasing doesn’t belong to any builder, development authority or any society.

Tax receipts & Bills:

Before proceeding with the final payment, make sure that the previous owner has no existing dues like electricity bill, water bill, property taxes or any other outstanding payment. Ensure that you get it confirmed in the government and municipal offices for ensuring that all the receipts and bills are paid.

Pledged Land:

If there was any loan on the project make sure that you get a releasing certificate from that bank as it will aid with releasing the land against all the bad debts.

Measure the Land:

It would be a great deal if you can get your land measured with the help of authorized experts. The accuracy of the land can also be measured with the help of a sketch. That can be done by reaching out to the survey department.

Agreement:

The agreement should be signed after ensuring that legal and financial matters are taken care of. This is ensure that the owner doesn’t sell off the property to anyone else, or even change the cost of the property. It is important that there are two witnesses from both the parties when the agreement takes place, to avoid any troubles in the future.

Registration:

The registration of land has to take place four months prior to the agreement. All the previous records with the witnesses are required at the time of registration. Remember, the registration acts as a proof that the transaction has been taken place.

Ensure the basic amenities:

Purchasing a property is a huge acquisition, and having basic amenities makes a huge difference for ideal property investments. Hence, it is important to know if the property around has basic amenities like power, water supply, proper roads and good connectivity to the city.

Buying a land can be a dicey affair, but now that you have this list. we known your worries are taken care of. And if you are looking for the best land investments in Hyderabad, TMR Group has got you covered. From Medchal to Shamirpet, or Yadagirigutta to Chegunta, we have thriving communities of plots at the city’s prime locations. You would not want to miss out on your opportunity in investing here. To know more about our group, visit https://tmrinfra.com/ today!

Hyderabad: The Top Destination for office real estate sector.

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The city of Hyderabad is known for beautiful pearl jewellery and aromatic Dum biryani, and in recent times the IT sector in the Hyderabad. No doubt, the investment in the IT sector has been a boon. For this place has become a hub for many job seekers. The constant encouragement for start-ups by initiatives like V-hub and T-hub has been a source of encouragement to young adults.

In the 1950s when the city started developing, industries such as DRDO, BHEL, HAL, and BEL paved their way for opportunities and expansion. By the 70s though, Pharma and electronic industries were established. However, the 90s experienced a change with a launch of IT industry. It is observed by experts that in the financial year 2023, Hyderabad may surpass Bengaluru in becoming the most preferred city for establishment of various companies.

Firms like Google, Apple, and Amazon have their biggest offices in the city. It is also home to thousands of startups across tech, space and pharmaceuticals. Interestingly, Hyderabad is also the Pharma capital of the country. Brands like Dr. Reddys, Aurobindo, Mankind Pharma Ltd. etc. all have their headquarters here.

The government has constantly undertaken initiatives to expand the city, by giving a boost to both real estate and start-ups. This has contributed to a hand-in-hand growth in development of Hyderabad.

The growth of industries in the city has also sparked interest in the area of development of the commercial estate. Developers are creating larger office spaces for multi-national companies and simultaneously establishing co-working spaces for start-ups, to cater to a large audience base.

According to recent reports on commercial estates, Hyderabad has offered the highest office spaces in India with accordance to 2022-2023. At the end of the quarter, it contributed a whooping 31% share in comparison to the other seven states.

It is also observed that Hyderabad’s real estate witnessed a growth of a massive 19 % growth in sales volume with over 8000+ units being sold in the first quarter of 2023.

Looking at the pace at which Hyderabad is growing, commercial and residential areas are having massive potential to expand especially in the regions that has companies established. At the same time, companies are emphasising on the work from office and hybrid working models. This has also in certain ways fuelled the demand for both commercial and residential real estate in the city.

The global recession has slowed down the growth of many industries across countries. But there’s no denying that the picture for real estate in Hyderabad was different.

An investment in land in Hyderabad, in areas like Medchal or Maheshwaram near the industrial belts of the city, will pay off generously in the future. TMR Green Meadows at Chegunta, 30 minutes away from Medchal and TMR Swiss County at Maheshwaram, mark the perfect investment opportunity for a thriving future.

To know more about TMR Group and our projects, visit https://tmrinfra.com/

The State of Affordable Housing Market in Telangana!

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The quest for a house in Hyderabad has pushed many white collared employees to the city’s outskirts recently. The local developers describe these outskirts and suburbs as “Hyderabad’s growing residential pocket.” These localities have many under-construction residential projects, which promise everything buyers like; spacious homes within desired ticket size, with a gym, multipurpose hall, club house, swimming pool, and the rest.

But these luxuries all come at a cost: The affordable housing section of Hyderabad, all are located at least 30 km away from the Hi-Tec City’s belt. Here’s why.

Developers have shifted their focus to bigger, luxurious homes; especially after the pandemic. They are only launching mega ventures which come with a base tag of around Rs 1.5 crore in the city centres.

With the pool of affordable homes shrinking rapidly, mid-segment buyers in metropolitans like Hyderabad, Pune, Bengaluru, and even Chennai are pushed to the periphery. This is a phenomenon labelled as the ‘Mumbai-fication’ of Indian cities  by industry experts.

According to a recent report released by market researchers, the share of affordable housing across the top seven Indian cities dropped to 20% during the first quarter of 2023. From the total 1.14 lakh units sold in this period, affordable housing comprised approximately 23000 units. This share was close to 40% a few years ago.

An annual proprietary study released in 2022 had also quoted Hyderabad as the most expensive city after Mumbai. The study noted that the home buying affordability level in the city has declined since 2021.

This leaves the IT and pharma professionals with average paychecks, with no other option but to opt for affordable homes. However, houses in the Rs 50 lakh-60 lakh bracket are at least 30-40 km away from city centres. Hence they are also often left in the dilemma to either commute for hours both ways or pay a fortune towards rent to stay in the city.

On a pan-India basis, affordability  of homes worsened marginally for the first time in 10 years in 2022. Affordability levels had improved even during the pandemic-impacted years of, as the government had aggressively cut policy rates to increase liquidity in the highly stressed economic environment.

Real- estate experts believe that once again the government can play an instrumental role in this. They believe that the solution to this disparity in the realty market lies in revising government policies. The need of the hour is for the state machinery to play the  role of a balancer, and not drive up land prices and make them unaffordable to people.

Despite the rise in home prices, home affordability has only marginally reduced in major cities of the country. The reduced affordability index has also been cushioned by a rise in incomes and growths in GDP. This augurs well for the industry and will help the residential market maintain its momentum.

Open plots in gated communities by TMR Group, with their Never Before Ever After Deals are the ideal investment in the peripheries of Hyderabad. While their location near NH-44 and Outer Ring Road allow easy, stress-free commute to the city, the developmental projects in the vicinity allow ample opportunities for growth. Why invest in apartments, when you can get open plots to build your dream home at the same rate?  Visit https://tmrinfra.com/ today for more details.

References:

https://timesofindia.indiatimes.com/business/india-business/what-happened-to-affordable-house-market/articleshow/99527553.cms?from=mdr
https://telanganatoday.com/buying-home-in-hyderabad-most-expensive-in-country-next-only-to-mumbai

Hyderabad – The most affordable metro in the country!

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Hyderabad has been among the most popular metros in the Indian subcontinent and has been hailed for its infrastructure and quality of living. The city has been ranked first, among all Indian metros, in Mercer’s Quality of Living survey, for the last many years.

The city has also fared well across other aspects, with a flourishing job market for Pharma and Tech, excellent connectivity, a relatively low crime rate, good schools, good hospitals, and low pollution levels. All these factors have led to a corresponding increase in the demand for housing and real estate in the city.

Even traditionally, this city of pearls has been a popular real estate destination, primarily due to its location and history. Urban migration, robust infrastructure and government policies that promote real estate development have also been the factors underlying the growth of the realty market in the city.  The State government has pushed for the development of IT & ITes, Pharmaceutical and other allied industries in the state, along with efforts to develop infrastructure and improve connectivity between Hyderabad and major cities in the nation and globally. This has significantly boosted the real estate sector in Hyderabad, which is today home to major industries and a large number of working professionals.

Despite this steady growth of real estate, Hyderabad is the most affordable metro in India for realty investments.  This city has always been known as a price-conscious metropolitan city in India, and recent studies highlight the same. A recent report by a leading property consultant compared the average property prices in Mumbai, Delhi-NCR, Kolkata, Hyderabad, Pune, Chennai, and Bengaluru. According to the report, the average property price in Hyderabad is Rs. 4,620 per sq.ft, which is comparatively lower than in other cities.

The city has recorded a maximum five-yearly increase of 10% in average property prices in the last five years. The average price for homes in Hyderabad increased from Rs 4,128 in 2018 to about Rs 4,620 in 2022. On the other hand, the average price of a home in Mumbai rose to a massive Rs 11,875 per square foot in 2022 and to Rs 5,570 per square foot in 2022 in Bengaluru. 

Market experts say that the majority of current sales in the city are being made by reputable developers, who aren’t shying away from increasing prices to meet the high demand and rising construction costs. Despite this, the fact remains that Hyderabad is amongst the most inexpensive Indian metropolises.

In the financial year 2023-24, the end-user demand is expected to be the primary driver of growth, as serious long-term investors will find market dynamics to be quite favourable. The city and its suburban districts like Medchal-Malkajgiri, Rangareddy, and Sangareddy witness high residential demand, which is expected to continue in the coming years.

With booming infrastructure development and job opportunities, the areas in Medchal and Ranga Reddy districts are the ideal investment hub for the future. TMR Green Meadows at Chegunta, just 30 minutes away from Medchal, and TMR Swiss County at Maheshwaram in Ranga Reddy district are nestled amidst a number of development opportunities and make the perfect investment for a thriving future. Come plot a successful future here for your family and loved ones. Visit https://tmrinfra.com/ for more details.

References:

Real Estate Developments alongside Outer Ring Road!

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Hyderabad ORR, or the Jawaharlal Nehru Outer Ring Road, an initiative undertaken by the state to decongest the city has been the talk of the since its inception. This project was developed by the Hyderabad Metropolitan Development Authority (HMDA) at a cost of a whopping Rs 6,696 crore. Spread across 6000 acres of land, the ORR is designed for vehicles with a maximum speed limit of 120 km/ hour. 

The Japan International Cooperation Agency (JICA) provided a grant of Rs 3,123 crore for the project, which will reduce traffic congestion and improve connectivity between the suburbs around Hyderabad and the city centre.

The circular stretch of the Outer Ring Road, which spans over 158 km has enhanced the connectivity between NH-9, NH-7, and NH-4 roads. It features multiple carriageways and fences which help to ease the traffic on the arterial highways in the outlying suburbs of the city.

The Jawaharlal Nehru Outer Ring Road,  which predominantly runs across the Ranga Reddy and Medak districts serves a number of villages on its stretch, including Shamshabad, Tukkuguda, Kollur,  Medchal, Shamirpet, Narsingi, Gachibowli, Amberpet, Bongloor, Patancheru, among others. This has further given a boost to the real estate sector in these areas.

Impact of ORR on Real Estate:

Outer Ring Road (ORR) in Hyderabad has directly resulted in the establishment of growth corridors around the city, thus enabling additional city expansion and development. As the demand for real estate in the city grows, these growth corridors provide a mechanism to fulfil the same. Integrated townships, plotting projects and other residential areas have come across the corridors, and have improved Hyderabad’s economic environment, reduced urban congestion, and encouraged planned suburban development around the city.

With the ORR being a key attraction, areas surrounding it have also witnessed a surge in property prices. Areas such as Medchal, Gachibowli, Kokapet and others have seen a significant rise in property costs due to improved connectivity and easy access to other parts of the city.

New areas for residential and commercial development have opened up, and have resulted in several high-end residential and commercial projects in the pipeline. This has also further given a boost to the creation of new employment opportunities in the region and aided the growth of the local economy.

The development of the Outer Ring Road further provoked the development of improved infrastructure in areas along the expressway.

The government has undertaken several measures such as road widening and improvement projects, which will result in better connectivity and smoother traffic flow.

All of these factors have made the areas around the ORR more attractive to buyers and investors.

No doubt, the Outer Ring Road project in Hyderabad has had a significant impact on the real estate sector in the region. It is, in fact, a critical component of the city’s evolution into a global centre. With the State Transport Corporation plans in the pipeline to construct 22 terminal-cum-depots (TCDs) along the Outer Ring Road, there will further be a rise in property prices here, along with the development of new residential and commercial projects and an increase in the demand for rental properties in the region.

This undoubtedly makes the areas in Medchal and Ranga Reddy districts the ideal investment hub for the future.

TMR Green Meadows at Chegunta, just 30 minutes away from Medchal, and TMR Swiss County at Maheshwaram in Ranga Reddy district are nestled amidst a number of development opportunities. Come plot a successful future here for your family and loved ones that are surrounded by growth and progress. Visit https://tmrinfra.com/ for more details. 

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