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

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
Buying home in Hyderabad most expensive in country, next only to Mumbai