Tag: buying a plot

Challenges and how to overcome them while buying a plot

Challenges and how to overcome them while buying a plot

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Buying land is the most preferred and most reliable form of investment when it comes to investing in the real estate industry. Also, due to the outbreak of the pandemic, demand for plotted developments has skyrocketed as self-owned homes, villas, or row houses, provide better social distancing as compared to apartments. People wishing to buy land for their personal use or as a form of investment have to be aware of certain factors that help make the process of buying simple.

Paperwork

Paperwork can be complex owing to new terms and due to indulgence in never before like experience. However, it is one of the most significant processes to ensure secure ownership of land. The very important paperwork you’ll be needing to take care of is – Title deed. This document ensures that the seller of the property has undisputed legal ownership of the land to be sold. Having a clear title helps you own a property through an authentic process. Be it agricultural land, residential plot or commercial investment plot ensuring no unclear deeds is a must. A clear title deed once received should be checked, scrutinized thoroughly and one must not accept a photocopy of the title deed. The land must be in the name of the seller and must be checked for having full rights to sell the land. One can cross-check the authenticity of the document by running a ‘title search’ on the registration website of the state government. A lawyer can be consulted to ensure the same. Another document that helps you confirm if the land has any legal dues pending is – Encumbrance certificate. One must check the encumbrance certificate for at least 30 years. A resale certificate is issued by the bank which ensures that the seller has cleared all the loans on the property. Having this certificate improves the credibility of land being debt-free.

Land use

One of the biggest risks that buyers usually face is whether they are buying agricultural land or one which is meant for residential projects. Cities often expand rapidly with no master plan and subsume the suburbs including vast agricultural lands. Agricultural lands are usually closer to the city and are priced lower which should be alarming. So, one must check with the revenue office of the zone before one chooses to sign any land deal.

Purpose and location

Different purposes of buying land set parameters for deciding the location. One panning to build a home should strategically lock a location that is near the workplace. A farmhouse or weekend getaway home can be constructed far from the city. One planning to develop the land for commercial purposes must consider hotspots in the city. Varied structures serving various purposes demand different locations and hence one should be clear with the purpose of buying land.

Transaction obstructions

Usually, circle rates do not match market rates of the area and hence land transactions may demand high cash component. This can leave you in a challenging situation as banks may not fund the entire cash required for the transaction, in case you are taking a loan to buy land.

Lack of tax benefits

Banks offer loans mainly for residential plots located within the municipal limits; even there, they offer only 70% of the total value of the land and the buyer has to arrange the rest.

At TMR Group, we uphold the value of transparency to not just have a transaction with our customers but to build an everlasting bond. We understand the significance of legal processes and hence our team ensures that each of our transactions happens through proper guidance. Even if a new buyer is not aware of the terms and functionality, our team members spell each term for them to understand and take steps accordingly to ensure seamlessness. Having premium plotting sites at Hyderabad, we have been able to establish healthy bonds with our buyers who are getting benefitted from their association with TMR Group. Come, join us and multifold your growth journey! 

Plus side of customization – Buyer’s Perspective

Plus side of customization – Buyer’s Perspective

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The ever-rising demand for homes has given real estate an unprecedented boom. Every day new developers are joining the highly competitive arena and the buyer is being offered a plethora of options for home buying. Where ready to shift homes range from 1 RK to 5 BHK’s and more, plots are making their own space in minds of people with the freedom of customization it offers. Here we are going to look at the plus side of customization for a buyer.

From the scratch

Homebuilding is an experience – an experience which is truly enticing in unique ways and also stands as a once in a lifetime event. Ready to move homes fail to offer this experience, process and hence buying a plot and building your dream holds special importance. It all starts with a piece of land. Buying a plot is the first step that a buyer aims for. However, before buying land, its location and geography must be taken into consideration. Your dream is to shape your creation the way you wish. One can plan for a big bungalow which utilizes the entire plot or one can opt for building an adequate sized house with an open area for lawn and more. As said, customization in its truest essence is a form of creation hence one can be as imaginative as possible. You get to witness the magic unfold from day one to the day of your housewarming and each day is going to bring you more joy as you see your dream being built gradually.

Customization – The structured plan

Have you been imagining your house with a swimming pool or a perfect sized play area/lawn? It’s all possible for you and your family. The very next task is finding the right architect for your dream home and placing your needs for what kind of home you imagine. A duplex, bungalow, or a specific type of architecture, details it to your architect who would help you with a plan for your home. Building a home also gives you a freehand to think till the last moment and changes can be made till the last moment which helps in keep making the place better and better. You get to choose the quality of material to be used for your home and a variety of such things. Right from what lights will embellish your home to what kind of gate will open the doors to your dreams, from choosing your favourite colour combinations to choosing your favourite pattern of roof, each and everything is decided by you which helps in uber-customization.

There are several materials which go in for constructing a home. Here are some items that require attention when building a home from scratch:

–  One has to select good quality of steel for building the framework and for building a strong foundation.

–   A buyer has to shortlist what kind of cement will be used for the construction and also will be used in the concrete. Concrete is a composite building material made from the combination of aggregate (composite) and a binder like cement.

–   Another element that goes into construction is – sand. Sand is essential for construction and having good sand helps to build a robust structure.

–   There several types of bricks used in construction in India. Some of them are – Burnt clay bricks, sand-lime bricks, concrete bricks, fly ash bricks, and firebricks.

–  When the structure is ready, one has to pay attention to what kind of wood will be used for doors, what kind of furniture will complement the theme of the house, and more.

Homebuilding is truly an alluring experience. As it is a cascade of your aspirations, keeping this checklist in mind will help in constructing a structure of stature and significance.

At TMR Group, we understand the significance of building a home and hence we strive to offer you the best always. We strategically lock prime destinations for you to not only build a home but also ensure that the value of your home sees increment with each passing year. We ensure that plots are in perfect sizes that suit your needs at the most efficient prices. Here, we just don’t sell plots, we help people with their dreams and that’s what makes us feel content with each plot that we sell. This inspiration keeps our heads high and drives us to do more with each passing day. Your dream property awaits you at a prime location in Hyderabad. Come, experience, and live the dream of building your dream home with TMR Group.

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.

Does location play an important role in buying a plot?

Does location play an important role in buying a plot?

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Buying a plot and investing in land can be seen as the culmination of one’s dreams of creating a legacy for the future generations. In addition to being an important asset that adds to our finances, a plot gives us a great holiday home for the entire family to experience peace and serenity in. Hyderabad is steadily transforming itself into a powerhouse of trade and commerce, constantly pushing its boundaries and redefining the suburbs. As the city expands, it is creating a wide range of opportunities for investing in land in the peripheral regions of Hyderabad and Telangana. As new places are opening up for investment, the question arises – does location play an important role in buying a plot? The answer is YES of course! Let’s look at some of the important reasons why choosing the right location plays such a crucial role.

Easy accessibility:

Buying a plot is done from the perspective of building a financial asset. But investing in land needs careful consideration of several factors which may affect the value of your investment. One of these factors is accessibility. It is true that most of the plotting projects are located in the outskirts of the main city where land is easily available at affordable rates. But does the location and the land that you wish to invest in have the right transportation facilities to and from the city? A lack of good transportation facilities can create a lot of difficulties in the future. The plot that you invest in should provide easy access to the bus and railway station nearby. Additionally, it should also be connected to the important main roads so that travelling to these plots isn’t an issue.

Proper infrastructure:

The location that you choose to invest in should be equipped with all the infrastructural facilities required for a modern lifestyle. A dependable supply of water and electricity are a must as we cannot imagine a life without them in this day and age. Other pre-requisites for good infrastructure include paved roads, the existence of schools and colleges i.e. educational institutions, or at least the possibility of them being built in the future, medical facilities nearby, shops and convenience stores – the list goes on! It is acceptable even if these infrastructural facilities are in their developmental stages, as this shows that there is potential for progress.

Commercial zones:

The location that you decide upon should also be situated such that they provide unhindered access to commercial or business hubs of importance. This is important because you may wish to live in the plot that you have bought or even rent it out for additional income. In such a scenario, there should be an availability of work opportunities to look forward to. This helps your plot gain more value and proximity to business or commercial zones also increases the scope for growth and development.

Due to these aforementioned factors, location proves to be one of the most important aspects that will decide the appreciation of your plot in the future and the ROI that you will earn from it. If you looking for a gated community open residential plot to invest in, TMR Group offers a wide variety of upcoming locations that hot the potential for great returns on minimum investment. With RERA approved plots for sale, TMR has earned the trust of its consumers over the past 16 years and has maintained consistent transparency to become one of the most reliable real estate developers in Hyderabad.

3 mistakes to avoid while buying a plot

3 mistakes to avoid while buying a plot

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Buying a plot is one of the most important decisions that we make in our lifetime, as it involves careful consideration of a wide range of factors. Investing in land has several benefits which can be experienced in the short-term and the long-term as well. As Hyderabad grows and expands its boundaries, the city’s outskirts promise numerous opportunities for procuring your very own residential plot. But one has to ensure that they avoid these 3 very critical mistakes while buying a plot to avoid disappointment and regret in the future.

Choosing the wrong location to save money:

Doing adequate research while looking for a residential plot to buy is extremely important. After all, investing in land is an endeavour towards securing a prosperous future. Plotting projects can be situated across the state in a variety of locations. Some locations may feature plotting projects that cost much less than other location that popular and highly desirable. You need to zero down on a location keeping in mind factors like excellent civic infrastructure, proximity to local transport alternatives such as trains or buses, and scope for development in the future. It’s factors like these that decide the appreciation of your plot and the returns that you get in the future.

Buying a plot from an unreliable source:

Once you have decided upon a location that is the most suitable for you, the next important task is to look for a reliable and trusted developer that has clear title residential open plots for sale. This is very important because with a trusted developer of plots, you can rest assured that you will not become the target of fraudulent land selling practices. Another major reason why you should only prefer a trusted plotting property developer is the documentation. Without transparent and clear documentation, your plot may be vulnerable to a deceitful sale that may further result in tedious legal hassles.

Choosing a plot without the government approved layout:

The recent amendments made by the Telangana government are a boon to prospective plot buyers as they effectively streamline the process and reduce the possibility of a spurious land sale. Additionally, the new reforms are much stricter on the aspect of government approved layout. That’s why its essential to choose a plotting project that offers a HDMA approved or DTCP approved layout, depending on the area and locality. This ensures that your plot will be properly demarcated and will have the necessary infrastructure for facilities like water, electricity and so on.

TMR Group has a rich legacy of land development in Hyderabad, with 16 years of core expertise in plotting projects. A trusted plots developer with a long history of customer satisfaction, TMR only offers clear title gated community open residential plots for sale. The plotting projects are built on thoughtfully chosen locations across Hyderabad and Telangana to increase the potential for high returns on affordable investment. Furthermore, TMR Group is among the few leading developers that always offer plots with transparent documentation and government approved layouts. Choose TMR Group to secure your future with the right investment in land!