Why go for a brand name while investing in plots?

Few decisions have the power to change everything about your life. One such decision is investing in real estate. No matter how small or large your investment might be, it most certainly changes the way you think and take decisions. Because you put in a big chunk of your savings into the investment, it is natural to experience stress and confusion because there’s pressure to get everything right about your investment. There are many ways you can minimize the unsettling feeling. The most effective method is to invest in projects from reputed builders of the market. Buying from reputed builders offers more benefits than you might think.

Benefits of Choosing a Reputed Brand

Branded developers have been thought leaders and transformed the real estate sector. From being an unorganized sector, engulfed with trust issues to being an organized, transparent, and customer-friendly, real estate today has come a long way. Government regulations like RERA have further streamlined the sector. Here are the benefits of choosing a reputed builder:

Transparent Procedures:

  • Branded real estate developers have a dedicated legal team that deals with all the documentation and financial transactions
  • Professional accountants subject them to external audits that keep them in check. Reputed builders, in fact, gain from keeping their process completely transparent.
  • With no hidden costs, the rates that they charge match the standard market rates for that location and minimize the probability of a fraud

Completely legal working:

  • There is little to no chance that a property developed by a brand name builder will ever come under legal dispute
  • Reputed builders choose legally clear land or rectify the legal disputes before they begin the development of their project 
  • They have proper documentation with all the clearances and sanctions from the respective governing bodies
  • A reputed builder will always stick with the submitted plans and will steer clear from any potential legal ramifications as their reputation of more worth to them

Easily Approved Home Loans:

  • Home loans get approved easily at the bank while buying from a reputed builder as they generally have tie-ups with banks that simplify the overall process
  • When nationalized banks are partnered with the builder, you can set your mind at rest, as banks avoid fraudulent businesses

Amenities and Accessibility:

  • The locations of the projects are strategically chosen to provide immediate access to all kinds of amenities in the package
  • There is everything to ensure that your family and possessions are safe. All essentials like water, electricity and security are provided 24×7
  • There is plenty of open spaces dedicated to leisure and social activities that help you unwind

Quality of Construction:

  • From the labour employed to the materials used in construction, reputed builders will always provide the best
  • A brand name builder would never compromise on the quality of service and infrastructure because that is precisely what defines them
  • Strict quality control measures are enforced at the site. The labour employed is skilled and efficient. Skilled engineers and professional architects are employed to oversee the construction.

On-time Delivery:

  • You can rely on the brand name builder to give you the tentative completion date. It also helps you prepare for the housewarming well in advance.
  • Even if there are delays caused by natural calamities, the builder has mitigation measures in place
  • They are also likely to have the funds to weather through the lull
  • They will do their best to deliver on time, and any anticipated delays will be informed in advance. 

At TMR Group, we have strict quality control measures in place to ensure excellent quality of construction and provide transparent procedures that are dedicated to serving you with utmost clarity. Our well-developed projects are strategically placed and our gated community plots in Hyderabad are best in class. Visit www.tmrinfra.com to know more about our projects and you can also schedule a site visit. Reach out to us, today!

How are land loans different from home loans?

How are land loans different from home loans?

Investing your money in real estate is a milestone in your life and believe it or not, it is bound to change your life right from the next instant. It doesn’t matter whether you are a first-time investor or not, it’s extremely important to know about loans and how they ease the entire buying process for you. Buying a home or a plot of land may not seem different to most and both are usually considered as a home loan but it’s important to consider the differences while applying for the loan. Although the terms and conditions, the application processes, and the tenure of both the loans are quite similar, there are some fundamental differences between home loans and land loans. The most important factor when it comes to home loans is eligibility. Let’s check out the difference between home loans and land loans.

Home Loans 

Home loans are availed to the eligible people for the purchase of residential properties that are to be constructed in the future, or for under construction, or for ready-to-move-in properties.

  • You can get a home loan to any type of residential property in any location of your preference
  • Any resident of India and NRI’s are eligible for home loans
  • The maximum tenure of the home loan can be 30 years
  • If both the husband and wife have separate sources of income are co-owners of the property, both can claim an income tax deduction on the loan separately
  • Tax deductions can be availed for both the principal and interest payments
  • The loan-to-value (LTV) ratio is between 75% and 90% of the total cost of the property, depending on the lenders
  • Interest rates are at an all-time low ranging between 6.65%-8.00% depending on the lenders

Land Loans

A land loan can only be used to buy a plot of land that has been earmarked for residential real estate construction.

  • The location for the plot should be within the limits of the municipality or the corporation or in industrial or rural areas
  • Only residents of India are eligible for land loans
  • Land loans cannot be used for the purchase of agricultural land
  • The maximum tenure of the land loan is 15 years
  • No tax deduction for the purchase of the property, the tax deduction is only eligible for construction of the property on the plot and can only be claimed after the completion of the construction
  • The loan-to-value (LTV) ratio is up to 75% which means that 70%-75% of the total value of the property will be provided as a loan
  • You can avail of a plot loan to purchase a plot through direct allotment or to buy a resale plot, depending on the respective lender
  • The interest rates are about 0.75%-1% higher than the home loans

At TMR Group, we aim to bring promising ROIs in the shape of RERA and HMDA approved plots in Hyderabad. Our projects have precisely designed layouts in the most sought-after locations of Hyderabad that have a great potential to multiply your investments in the upcoming future. Check out www.tmrinfra.com to know more about us and our work. Get in touch with us!

What is E-stamping and how is it done

What is E-stamping and how is it done?

The successful completion of transactions like buying, selling, making deeds, leasing, etc. involves a financial component associated with it, and duty must be paid to the government to validate the respective transaction and such transactions are securely documented on stamp papers that can be bought from authorized vendors. The price of stamp papers is known as stamp duty and it varies from state to state and also depends upon the size of the transaction Thus, the stamp paper is the proof that duty has been paid to the government for the said transaction and gives legal validity to the contract.

History of E-Stamping

The older paper-based stamp process was prone to counterfeiting. Franking, on the opposite hand, is often a cumbersome process, where contracts are written on non-stamp paper then they’re stamped at authorized centers after payment of the stamp tax. To control the counterfeiting and human errors within the stamp paper process, and also to simplify the method, the govt. introduced e-stamping in 2013. E-stamping is the electronic way of paying the non-judicial stamp duty to the government. It is a more secure way of stamping documents as its operation is computer-based reduces the margin of error whereas traditional stamping can be was a tedious job with lots of uncertainties.

How is E-Stamping Done?

The entire process of registration in India is handled by the Stock Holding Corporation of India or in short SHCIL.

  • Go to the official website of SHCIL
  • If e-stamping is permitted in your state, download the e-stamping form
  • Fill the e-stamping form with the small print of the parties involved and therefore the transaction that it’s to be used. You will get to know about the details regarding which transactions require stamping.
  • Go to an authorized collection center (ACC). You can find the addresses of the gathering centers on the website.
  • Submit the shape alongside payment for the e-stamp certificate
  • You can pay in currency by cash, cheque or demand draft if it’s done at the ACC. Online payments are often done on the SHCIL website using debit cards, credit cards, pay orders, RTGS, NEFT or through an account-to-account transfer.
  • Upon submission of duly filled form and payment, your e-stamping certificate is going to be generated instantly and handed over to you

At TMR Group, we ensure that our customers experience complete transparency in every transaction they make. It is because of our quality of being so open to the intricacies our customers prefer to choose us over the others. With a plethora of plots for sale in Hyderabad and land for sale in other prominent locations at Hyderabad, our customers get to handpick the best and in return, the transparency in their transaction helps them trust our brand even more. Do you think our projects are worth it? Visit www.tmrinfra.com and take a look. You will believe that what we do what we say.

Why is Property Insurance so important?

Why is Property Insurance so important?

Your home is your cherished dream. You are totally invested in it, emotionally as well as financially. It is but obvious that this precious dream should be protected.

Property is a high-cost and a high-involvement purchase. Any natural calamity or catastrophic devastation such as an earthquake or a fire can destroy that asset. It can become a target of some socio-political turmoils as well. Hence, in order to protect it from such unforeseen occurrences, wise investors always ensure the security of their property with insurance.

What is property insurance?

A typical insurance plan covers for the loss and damage caused by a fire accident, theft, allied damage, or burglary. Also, you get various plans including landlord’s insurance, tenants’ insurance, content insurance, buildings insurance, etc. Lets’ explore why property insurance is so important.

There are many reliable insurance companies that offer a wide range of features and benefits to their insurance plans. These include discounts, customized options, or extra coverage.

Importance of Property Insurance

Property insurance has a number of benefits. So use your foresight and common sense and avail of this security that will save your trouble in the future.

It covers temporary living expenses

When your insured property is damaged you need to live in another house till it is repaired. The insurance covers the expenses you need for this living period.

It covers loss or damage of assets

In addition to your house structure, the insurance companies also offer coverage against loss or damage of your personal belongings or valuable assets such as jewelry, household appliances, clothing, furniture, and more.

It facilitates easy loan approval

Some financial institutions and banks give fast loan approval to those applicants who have their property insured. It is even in the eligibility criteria of some banks. So having your property insured is helpful in quicker loan sanction.

So if you are thinking of buying a property, make it a point to insure it. For your investment purpose, have a look at the property opportunities by TMR, a trusted name in real estate.