Tag: clear title plots

First Time Property Buyers’ Checklist

First Time Property Buyers’ Checklist

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Buying a property could be the one primary reason most people work and save for in the greater part of their lifetime. It provides the people with a sense of safety and stability. Most people are looking to buy properties these days instead of renting or leasing because the real-estate market is a constantly growing market, rebounding its way back from the hit it took due to the pandemic and also renting and leasing are for a short term and the return on investment isn’t as substantial in comparison to buying as the value of the property increases gradually.

Challenges faced by first time buyers

People consider renting over buying a property over a few reasons. Firstly, it gives them a feeling of having lower liabilities. Paying a rent of 10,000 to 12,000 for a property that costs around 50-60 Lakh seems to be much affordable than paying an EMI of around 25,000-30,000 per month for the same property. Basically, it all boils down to affordability of the project.

Buying a home was seen as a status symbol by those born in the duration of 1950s and 1980s. Millennials, on the other hand, consider saving that amount to fund their overseas trip, buying a new car or a flashy phone.

Before renting a property, a number of formalities must be taken into consideration such as depositing a security amount and signing an agreement with various clauses including increase of rent by a certain percentage after every year or depending on the owner. The concept of leasing and renting is only for limited period of time and considering how the pandemic impacted the tenants who moved away for the lockdown but still had to keep paying rent for all the months they were away and the rents have increased all over, whether it maybe commercial or residential. The commercial real-estate market was one of the worst struck markets as many projects that had to be paused due to the sudden pandemic resulted in cancellations of pre-existing deals all leading to heavy losses for the builders, hence the market is ready for new buyers and many builders have introduced interesting offers to indicate so.  

Tips for the First-time buyers

  • Decide the kind of property you are willing to buy
  • Decide and stick to a budget for the investment you are ready to make
  • Determine the location you want your property to be in
  • To choose between hiring real-estate agents and using different real-estate websites
  • Choose a reputed builder
  • Visit the project site for a tour to understand it better
  • Try and negotiate the price to your budget, if required
  • Get a thorough appraisal
  • Close the sale

 

At TMR Group, we offer a wide range of NA plots for you to choose from. These plots are equipped with state-of-the-art amenities and are located in a gated community which offer 24×7 security. The plots are also strategically located in prime destinations so that you get good returns on your investment. So, if you are a first-time buyer and need to shortlist on a property, TMR Group would be an ideal place to start.

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! 

Hyderabad – Destination of a lifetime

Hyderabad – Destination of a lifetime!

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Hyderabad – The city is already known for its historical significance, for its Charminar, pearls and geography is now also gaining popularity for its social infrastructure and other advancements. The city is already hosting big multinationals from the Information Technology sector offering employment to millions of Indians. Hyderabad stands as the second-largest city in India with respect to the total land area and has over 200 engineering colleges in its vicinity. With its IT exports, the city ranks number two in India making it the favourite choice for Investment.

Geography, Climate and more

Hyderabad is located just 500 kilometres south from the geographical centre of the country and is blessed with bountiful nature. The city is well-connected to all the major cities of India. The social infrastructure within the city speaks for itself as of the finest in the country along with the possibility for the city to spread in all the possible directions as not blocked by seashore or state boundaries. The city hosts people from all parts of the country making it multi-lingual, multi-cultural with a variety of food, lifestyle and entertainment choices clubbed with relatively low cost of living.

Placed at 536 metres altitude on Deccan plateau, it has fairly warm weather through most parts of the year. The city witnesses moderate summers, winters and downpours making it pleasant throughout the year. To add one more feather in its hat is a rating by the industry: Hyderabad is 3rd best city globally according to LinkedIn IT Talent Survey – 2014.

Heritage, food and infrastructure

Apart from the 400-year rich history and culture, the city is also blessed with forts, palaces and museums. Not just this, the city is world-famous for its delicacy – Hyderabadi Biryani. Hyderabad is also known as the knowledge capital of India because of several acclaimed institutions such as IIT, ISB, Nalsar and more. It’s also a Hub of leading International IT giants, pharmaceutical companies, research institutes and laboratories. These make it one of the prime destinations for land for sale in Hyderabad.

 With a wide range of world-class hotels, social infrastructure and other essentials, the city stands super poised when it comes to lifestyle. Construction in Hyderabad is comparatively economical than other cities which in turn, reduces project cost for the city making it favourable for purchasing open plots for sale in Hyderabad.

Hyderabad gives away many reasons for people to love it. With constant evolution, Hyderabad is transforming better and clean. With all this, investing in Hyderabad becomes a wise choice to gain momentum in the real estate industry or to buy plots for sale in Hyderabad. At TMR Group, we ensure that your property purchase becomes something more than just a transaction. Hence, buying a piece of land with TMR as an investment can fetch you something more than just money. It would promisingly give you an experience that is matchless and priceless. It’s one of the premium gated community plots in Hyderabad. Come, plunge into an experience like never before with TMR and dream start your aspirations in your very own 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!

Hyderabad - the hub of gated community open plots

Hyderabad – the hub of gated community open plots

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As the cyber capital of India, Hyderabad has carved a niche for itself with its technological progress. Attracting a wide range of skilled professionals and individuals from every sector, Hyderabad is growing in leaps and bounds, constantly pushing its boundaries and redefining the suburbs. This rapid urbanisation is also creating a uniquely new demand – the desire for land that you can call your own. The city is now developing a new identity as the emerging hub of gated community open plots in the outskirts of the main areas. Read on to find out why this trend is catching up fast and how you too can benefit from it!

Growth Factor:

Hyderabad is steadily transforming itself into a powerhouse of trade and commerce. Having proven its expertise in the IT industry, the city is attracting global giants from diverse sectors such as automobiles, pharma and more. More often than not, the industrial complexes of these MNCs are located a little away from the city due to the availability of larger tracts of land at cheaper rates. For a majority of the workforce employed in such complexes, travelling every day from the city can be a difficult proposition. A gated community can serve as the perfect option for such individuals and their families.

Serenity:

While the main areas of the city are now experiencing traffic woes and congestion due to sporadic development and haphazard planning, the outskirts are offering you the space to breathe. As the city expands, these erstwhile fringe areas are now getting the advantage of proper infrastructure and civic facilities. But that’s not all – the outskirts of the city offer peace and serenity of nature to balance the rapid progress. The lack of pollution is a blessing for those seeking to escape the commotion of the city yet stay to it.

Great Returns:

This would probably serve as the biggest driving factor for investing in a gated community open plot in and around Hyderabad. Since owning land is a great way to secure and build fruitful assets for the future, the fast-developing areas around the Hyderabad International Airport as well as the Outer Ring Road are becoming prime investment hot-spots. But simply owning any piece of land is not enough. ROI increases with the availability of great infrastructure and civic amenities like provision for water, electricity etc.

That’s where TMR Group steps in to make your land investment dreams come true. With over 16 years of expertise in developing premier plotting projects, TMR Group offers the best gated community open plots for sale in some of the most sought-after areas of Hyderabad. TMR Group specialises in clear title open plots that offer HDMA approved layout, which is essential for better returns in the future. Moreover, plots by TMR Group are RERA approved so resale in the future is never an issue. Invest in clear title residential plots with TMR Group to create an unforgettable legacy for the future and watch your returns grow!