Property Value in Telangana on the rise!

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Telangana has suddenly become a superstar of sorts and investors, homebuyers alike are interested to invest in this hot destination. Why this popularity all of a sudden? The state government recently announced a hike in property prices by 25-50%. While the values of residential apartments have been increased by 25%, the agricultural lands and plots are bound to witness an uptick of 50% in their price. This price rise is expected to bridge the gap between the open market rates and the registration rates fixed by the government. So, is this good news or bad news? This article would explore the details.

The Current Status – In Numbers

The decision to hike the property rates would significantly impact the real estate industry, especially in and around Hyderabad’s vicinity. For instance, the market prices at Shankarpally have been increased by 40% to INR 2,800 per square yard. In micro-markets such as the Kondapur-Gachibowli region, the prices have been hiked from INR 14,000 per square yard to INR 26,000 square yards. Similarly, in Kokapet, the current price is now fixed at INR 14,400 per square yard, previously which was at INR 10,000 per square yard. The highest price was witnessed at Puppalguda at 50% with new market prices fixed at INR 21,000 per square yard.

In comparison to the last year, housing prices in Hyderabad have spiked by 7%. After average-price appreciation, Hyderabad is now currently the second-most expensive housing market after Mumbai Metropolitan Region (MMR). There’s no surprise that the reason behind the property price rise is the pandemic. It is the primary reason why the cost of construction materials has gone up and has impeded the supply chain process.

The Future Scenario

As of now, the trend seems to be picking up in the real estate fraternity and most real estate developers are making hay while the sun is shining. The officials of Telangana have further divided these properties into three crucial segments to decide the extent of the hike. All property price revisions have been implemented based on this model.

The real estate developers in Telangana are still anxious about this decision as it arrived after the recent rise in stamp duty charges. Recently, the stamp duty was increased from 6% to 7.5%. The state is now expecting to double its revenue from registrations of properties.

This might be a welcome move to the real estate developers, but the homebuyers need to bear the brunt of the price rise whatsoever. While the recent festive season had a visible impact on demand as well as supply, Hyderabad has been witnessing a rather moderate yet positive change in the Hyderabad housing market. Hoping that the economy settles in, and provides buyers with higher job security, the recovery process in the real estate sector might gather more momentum in the coming year.

At TMR Group, we believe that every customer deserves to get worthy returns on their investment and that’s the reason we have launched our second phase of TMR Green Meadows, Chegunta. With our Phase-I completely sold out with 150 plots and 30,000 square yards, the response has been rather overwhelming. Now is the right time to own a residential open plot in the future of a flourishing destination that’s close to Proposed Regional Ring Road and on NH44 & AH43. To know more about the project, visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html

MNCs have a sweet tooth for land parcels in Hyderabad!

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Investment scenes in the Land of the Nawabs are seeing a sudden uptick. Hyderabad has once again become the hotspot for investors and the trend is set to go upwards in the future. Though the second and third waves impacted the real estate industry, along with other industries, the businesses have bounced back and how! They have been recovering from the losses and making it up with a phenomenal speed. The investment in the pharma sector especially is getting much notice as compared to other industries in Hyderabad. Why is that? The article sheds some light on the reason why companies have suddenly gotten a sweet tooth for land parcels in Hyderabad.

Prescription for Growth

The pharmaceutical industry in India has witnessed a double-digit growth of about 15% last year, thanks to the increasing demand for COVID-19 products. This has resulted in pharma companies looking to expand their business and set up new facilities.

That has given rise to the growing demand for agricultural land and the prices have gone up by 40-80% in the last couple of years, while residential plots in the core areas have seen an upward trend of 50% price appreciation. However, even the government auction has seen interest from pharmaceutical companies. Hyderabad has also witnessed some of the big pharma players investing in setting up research and development units.

A Window of Opportunity

Tech-giant, Microsoft recently made rounds in the news for planning to establish its largest and fourth data centre in India at Hyderabad. An investment worth INR 15,000 crore that would span across 15 years, has been proposed.

While the investment in the data centre is worth INR 15,000 crore, the company has acquired three land parcels worth INR 275 crore. The land parcel acquired in Makeguda is about 22 acres and INR 40 crore, 41 acres in Shadnagar worth INR 164 crore, and 52 acres in Chandenvelly worth INR 72 crore.

The new data centre in Hyderabad is set to deliver advanced data security and cloud solutions to boost enterprises, startups, real estate developers, the education sector and government institutions.

In recent news, in the state of Telangana, which was affected by the pandemic, the government decided to auction unutilized land parcels and mobilize funds for the development of the state. Telangana had lost about INR 50,000 crore in the first wave and another INR 3,000 to 4,000 crore in the second wave along with pending arrears from the centre.

At TMR Group, the 50 acres gated community at Chegunta is all geared up to welcome investors into its second phase. The first phase had an overwhelming response. 150 plots and 30,000 sq.yds were sold out in a record time. Our second phase is open for bookings and it’s time for you to take the first-mover’s advantage and own your piece of land in the upcoming investment hub of Hyderabad which is close to Proposed Regional Ring Road and on NH 44 and AH43. Hurry! Visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html to know more.

Ways to avoid “House Flipping”

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Owning a property can be a tricky affair. With the number of documentation processes, legal processes and property-related processes, a commoner is bound to end up being confused about the overall phenomenon. It’s not only related to an individual who is interested in buying a property, but it also happens with most of the investors who tend to make some of the most common mistakes while buying a property. One of those common mistakes is “House Flipping”. No, it doesn’t mean the individual flip the house upside down. That would be a literal translation of the phrase.

Decoding the term ‘House Flipping’ for a layman would be – buying a property with an intention to resell and make profits, and not for personal use. This article would tell you how one can avoid those mistakes of ‘House Flipping’.

Avoid paying too much money for the materials: While we feel that contractors do not use the money paid to them for buying quality materials, you end up buying them yourselves without having a proper understanding of the details about the materials. This results in excessive expenses.

Avoid buying a super-expensive property: We might feel that buying an expensive property would fetch us even bigger returns, but there are too many variable factors that need to be considered and this move can backfire critically.

Avoid buying a property that you are not well aware of: If you are not well-versed with the location, with the developer or the audience profile of that particular place, it is best to leave it to the experts or consult one before buying. Jumping into the dark can only leave you either feeling adventurous or in a loss.

Avoid adding cheap properties to your cart: Assuming that properties that are cheap or inexpensive always end up burning more holes in your pocket than actually expensive ones. Usually, inexpensive properties cost less because of several factors such as the size of the property, developer (if they are new in the market), competitive pricing to penetrate the market and so on. Such decisions on buying property need to be made wisely.

Avoid paying for extra help: Sometimes we feel that we need to consult more than one expert if we are buying a property that has a huge potential for returns. We add consultants, brokers, resale property owners and so on. The phrase – too many cooks spoil the broth, holds well in this condition.

To avoid common mistakes of ‘House Flipping’ like these, one can often approach an expert in the business and stick to one who is reliable, trustworthy and has a deep understanding of the know-how in the industry.

At TMR Group, we are proud to have a dedicated team of experts who can guide you to own a property that would fetch you potential returns and help you grow. TMR Green Meadows at Chegunta is one such project where you can invest in a 50 acres gated community that’s close to the proposed Regional Ring Road and has seamless connectivity to NH44 & AH43. India’s one of the biggest upcoming furniture SEZ is about to mark its presence in Chegunta and the location is soon set to become the Tourism Hub of Hyderabad. If you wish to know more about us, visit www.tmrinfra.com

Factors that affect Property Valuation!

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Hyderabad is a city that has seen many highs and lows in its time. When it comes to property investment, The City of Nawabs seems to be riding the high tide with joy. Hyderabad is soon gaining its due popularity as one of the most sought-after destinations for investment and is potentially transforming itself into an upcoming commercial and investment hub. Why do you ask? The property rates in the vicinity are appreciating due to several factors that we would be discussing in this article. These are the touchpoints (rather turning points) that are quite significant in changing the investment landscape of Hyderabad. Speaking of property valuation, these factors play quite a significant role in altering the course of a customer’s action. Let’s explore these factors one by one.

Skyrocketing Infrastructure Development

One of the primary reasons for anybody to even consider investing in a particular property in Hyderabad would be the rising number of infrastructure developments happening in the city. Be it for the proposed Regional Ring Road that’s gaining more popularity as RRR than the actual movie, or be it for the upcoming furniture SEZ that’s deemed to be one of the largest in the country, the exponential growth in Hyderabad is certainly attracting some of the biggest names in the industry.

All in all, infrastructure development is a pivotal element in price appreciation. When these developments offer seamless connectivity, hassle-free transport, well-built roads, etc., these factors will indeed prove to be growth promoters to the property value.

Expanding Amenities & Offerings

The property developers have realized the fact that providing basic facilities to customers won’t be enough. These days, developers cut corners (figuratively) in the name of cost-cutting and end up compromising on a lot more. That’s the reason, even developers these days are investing heavily in delivering unique experiences to customers by offering a plethora of amenities and discounts.

For instance, suppose a property is not offering a parking space, the value of that property will differ from the one that offers a parking space.

Government Rules & Regulations

The amount of changes in the policies that keep happening in the industry also impacts the property valuation. When the borrowing cost is cheaper, it certainly brings more buyers to the market and creates even larger demand and impacts the appreciation equally.

Also, discounts in stamp duty rates, circle rates, income tax benefits, GST rates, income tax benefits, etc., impact the demand of the property directly.

Population

The most obvious factor that impacts property valuation is the ever-increasing population. Higher the number of people in the city, the higher the need for housing and homes.

At TMR Group, we offer the best residential open plots at TMR Green Meadows in Chegunta. With the project close to the proposed Regional Ring Road and proposed airport and Nizamabad, these plots are developed in 50 acres gated community and are equipped with the latest state-of-the-art amenities and facilities. It’s the ideal place for you to invest and grow with TMR. Come, take the first-mover’s advantage and witness Hyderabad flourish into the future investment hub. Visit hyderabadplots.tmrinfra.com to know more.

Why invest in Chegunta?

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In recent days, Hyderabad has been at the epicenter of several staggering developments in terms of growing social infrastructure, roads and highways and much more. Since the inception of Telangana as a state, these developments have always been on the upper side and Regional Ring Road (RRR) has been the main attraction or the talking point. RRR has been initiated to connect Hyderabad with several other districts in the state. According to some latest updates, Hyderabad is set to kick-start a 340-km long RRR project under the Bharatmala Pariyojana. The current plan is under Phase 1 and as many as 17 national highways including the NH44, NH65, NH163 and NH765 are set to connect various districts and towns in Telangana.

Since the inception of RRR, there have been a plethora of developments emerging in and around it. Here are a few highlights of the prestigious RRR project:

  • The project spans across 340-km distance
  • The estimated cost of the RRR project is reported to be around INR 17,000 crore
  • The northern part of the project ranges around 158 km while the southern part ranges about 182 km
  • The project covers areas such as Narsapur, Toopran, Gajwel, Yadadri (or Yadagirigutta), Pragnapur, Bhongir, Choutuppal, Ibrahimpatnam, Kandakur and Amangal to name a few

Chegunta – An upcoming opportunities hub

With a 1-hour driving distance from Hyderabad, Chegunta – a town in the Medak district, is set to be the next prominent destination when it comes to temple tourism, commercial and residential property developments. Chegunta is geared up to lead a flourishing future with the land value being appreciated at an incredible rate.

There’s a huge untouched market potential for food processing industries at Chegunta which the government has identified in the Medak district. With abundant accessibility to a multitude of agricultural produce, which acts as raw material for the food processing industries, these units, in turn, are bound to create a wide range of employment opportunities in the district.

Chegunta – A paradise for travelers & explorers

From the tourism perspective, Medak, Hyderabad, Bidar, Warangal (Orugallu), Nagarjunsagar are some of the important cities that are tourists’ favourite. Chegunta is also known for many other spiritual and historical attractions.

Pocharam Wildlife Sanctuary is a forest and wildlife sanctuary named for the nearby Pocharam Lake.

Medak Cathedral sees over the Diocese of Medak, the single largest diocese in Asia.

Medak Fort is a popular tourist attraction. The fort was originally constructed by the Kakatiya kings and later developed by the Qutb Shahi kings.

Kuchadri Venkateshwara Swamy Temple at Kuchanpally is a nearby Hindu worship place.

At TMR Group, our most renowned project, TMR Green Meadows at Chegunta is located close to the proposed Regional Ring Road, where the developments and opportunities to prosper are aplenty. Also, these 50 acres gated community plots are located on NH44 & AH43 where your investment is meant to grow by leaps and bounds in years. With such a profitable project up for grabs, you have a golden opportunity to grow with TMR. If you wish to know more about our project in Chegunta, visit www.tmrinfra.com or hyderabadplots.tmrinfra.com