Tag: Amenities

Plots: The ideal Investment for the Festive Season

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It’s Diwali. The season  of lights, joy, togetherness, and investments. Undoubtedly, most purchases, such as gold or electronics lose value over time. This festive season, how about buying an asset that appreciates in value and brings profitable returns? What? Plots!  

A safe bet for investment

Plots are a less volatile investment option compared to gold, apartments and other assets. They are less unpredictable, and offer more stability in pricing. The cost of maintaining a plot is also lesser than a constructed property, and does not involve additional maintenance.

Appropriate appreciation

Assets like gold or electronics tend to lose their value over time. Plots on the other hand, appreciate in value. 

Buying a land parcel in outer areas of metro cities such as Hyderabad is a lucrative option for those looking to invest in their homes or building homes in the future.

Finite Asset, infinite discounts 

One of the biggest advantages of plots is that it is a finite resource. There is only a limited amount of plotted land available for ownership, and therefore owners can be certain that their investment will constantly be in demand. As a result, the price will continue to appreciate.

Developers are offering festive discounts worth lakhs, along with other incentives during this season.  Additionally, financing options and reduced interest rates offered by financial institutions, work in favour of the investor. That is why purchasing a plot during this season makes it a sweet package deal. 

This festive season, invest in plots that guarantee thriving returns in the future. TMR Group offers gated community open plots peppered with a plethora of amenities for your comfort and convenience. To know more about our group and projects,https://tmrinfra.com/ 

TMR: Hyderabad residential property registrations witness a monumental high

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Hyderabad, the city of the Nizams and the pearls, has witnessed tremendous growth in terms of real estate expansion in recent years. As a thriving IT hub today, the city has expanded its horizons to accommodate the dreams of several people who now call it home. No doubt, this has translated to a surge in real estate demand, both for residential and commercial places.

While the real estate sector in many other cities continues to pick up momentum in the aftermath of the pandemic, Hyderabad has witnessed a monumental high in terms of its residential property registrations. The industry recorded a 30% YoY rise in property registrations in September 2023, compared to the September 2022 season, according to market researchers and industry experts.

Figures state that the total value of properties registered during the month stood at a whopping Rs. 3,378 crore. This figure too has increased by 42% YoY, thus highlighting the trend of the sale of more expensive homes.

The Hyderabad residential market is made up of four districts – Hyderabad, Rangareddy Medchal-Malkajgiri, and Sangareddy.

According to the report, the highest proportion of property registrations in Hyderabad in September 2023 was in the price range of Rs. 25 – 50 lakh. It accounted for about 51% of the total registrations. At the same time, properties priced below Rs. 25 lakhs constituted for about 15% of the total registrations, whilst the share of sales registrations for properties priced Rs. 1 crore and above was 9%.

Majority of these properties registered belong to the range of 1,000-2,000 sq ft, as this category of home size accounted for about 71% of registrations. The registrations for smaller homes (500-1,000 sq. ft.) however fell to 14% during September 2023, from 16% in September 2022. On the other hand, properties larger than 2,000 sq. ft., witnessed an increase in demand, as registrations rose to 11% during September 2023, from 9% in September 2022.

District wise, Medchal-Malkajgiri secured the top position with 45% home sales registrations, while Rangareddy district followed closely with 41% sales registrations. Interestingly, Hyderabad district accounted for just 14% of the total registrations in September 2023. The report also highlights that a large concentration of bulk transactions were for plush properties, which were bigger in size and offered better facilities and amenities.

Following the development activity in the city, developers in Hyderabad have prioritized the launch of larger units and independent homes, to give the market a further boost.

At TMR Group, we offer gated community open plots to build the homes of your dreams. Our vaastu compliant plots with amenities and profitable returns assure you of a flourishing future. TMR Green Meadows at Chegunta, in Medchal, and TMR Swiss County at Maheshwaram in Rangareddy offer prospects for a thriving future. To know more about these projects, visit  https://tmrinfra.com/

All you need to know about DTCP approval

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DTCP stands for Directorate of Town and Country Planning. It is a government body that works in planning and regulating rural and urban infrastructural growth. They oversee the areas that come under their jurisdiction.

It is essential to obtain DTCP approval and without it, the developer might face legal repercussions.

On gaining the DTCP approval, developers can build gated communities and villas for their customers.

The importance of DTCP approval

Many people like to customise their homes and hence opt for open residential plots. This is where DTCP approval comes into play.

DTCP approval refers to the entire layout of the open plot that is approved by the state. Developers and builders have to obtain this approval to ensure that their work is carried out according to the rules and regulations of DTCP.

All layout plans have to be approved and agreed upon by DTCP before starting the construction process on the open plots. This is mandatory for all states and they must have such a separate government body.

The eligibility and criteria for DTCP approval in Telangana

Here are some of the documents necessary for the application process.

  • -Proof of ownership of the land
  • -Layout plan or building plan
  • -No objection certificate (NOC) from the concerned authorities
  • -Survey sketch of the land
  • -Soil test report
  • -Structural stability certificate from a registered structural engineer.
  • -Registered architect’s plan
  • -Building permit fee receipt
  • -Any other document as per the government’s norm

It can take up to 90 days to gain the council’s approval for the project. After which, you will receive an approval letter for the property layout.

Advantages of DTCP approval

There are various benefits of DTCP approved plots. For instance:

No legal issues

You are free of any legal hindrances after obtaining the DTCP approval. No one will interfere in the property development and everything can go smoothly.

Safety Compliance

The rules and regulations of DTCP approval compel builders to comply with safety guidelines. The design or layout along with road size and other infrastructure specifications have to be built to ensure maximum safety and security.

Ample amenities

The DTCP approval involves inclusion of well-built wide internal roads, sufficient spaces between two buildings and open space for parks or playgrounds. There is immense scope to equip the real estate projects with good amenities that assure a comfortable lifestyle to people.

At TMR Group, we offer a range of plots that are DTCP approved and RERA registered that comply with the state’s rules and regulations. To know more visit https://tmrinfra.com/

Buying a home VS Buying a plot

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With the growing pace of life, home buying is on a rise throughout the country. All over India, ingenious projects are being developed to satiate the aspiration of many Indians of owning a home. As it is a once in a lifetime event, people are considering various options in the housing premise. Where unique flats with modern amenities are being offered at large, buying a plot comes with the ease of customization and other aspects to suit the different needs of people. When such is the case, understanding vital insights of both sides is important and for the same, here are key touchpoints that would help you.

Buying an apartment

An apartment is an entity created for a general sale. It’s kind of a product developed or built for mass consumption. The specifications are decided by the developer of the property which might or might not suit all the needs at once. Where many developers have started considering Vaastu essentials before erecting towers, some might overlook and offer you a flat which might not be Vaastu or Feng Shui compliant. There are chances of rooms being extra small or huge in size without offering you the liberty to customize them as per your requirement. At times, a buyer of the apartment may be deprived of the freedom to change the shape and size of the construction area. Now let’s look at some of the reasons why one should own land or a plot.

Buying a plot

Buying a plot can happen in two different ways – buying it to build a house or as an investment. Buying a plot gives a free hand to the buyer for developing the property according to their own choice. Where complete customization from the scratch enhances the value of buying a plot, constant monitoring for development can prove to be a task. However, the freedom to do anything with the plot stands the choice of the buyer. This in turn gives ‘buying a plot’ an upper hand in comparison to buying a flat. Buying a plot as an investment can also be very beneficial. With time as the property rates surge, having a good resale value of the plot can be a profit-making deal. Hence buying a plot has its own advantages in comparison to buying a flat. However, there is more to this for considering the resale of a property and hence understanding the topic in depth is essential.

Resale Value

Most people prefer buying a plot after comparing the resale value for a plot versus a flat. Again, buying a plot gives a freehand to the next buyer by utilizing the existing home or by building a new one according to their own will. With the increasing cost of construction and escalating land value, there are many buyers for buying independent houses. The value of the plot built home is also more due to direct correlation with the amenities within the house and accessibility around it. After comparison and research, it has been noticed that houses have a higher resale value than flats because the buyer gains possession of the land, as well as the house, has been constructed.

At TMR, we understand your needs and then suggest the right kind of property that would complement your aspirations. Hyderabad – rising as one of the flourishing cities of India has many advantages. Starting from climate, geographical location, connectivity, and more have made Hyderabad one of the cities to look up to. Owning a plot here to build a home or as an investment is surely going to make you land on the profit side.