Tag: Gated Community Plots

Can a property be mutated? A beginner’s guide to property mutation!

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Over the past decade, the city of Nizams – Hyderabad has emerged as one of the largest employment hubs of India and has been the center of tremendous developments. Standing strong as the home to the second largest number of SEZs in India, Hyderabad has attracted several migrations from all over the country owing to the vast expanse of opportunities. This massive inflow has generated a demand in the real estate sector. One thing that makes Hyderabad a worthy hub for investment is the presence of properties that cater to everyone, from affordable properties to premium luxury options. The infrastructural development of Hyderabad is top-notch and the developments of the city have taken their spot on the global stage.

About Property Mutation

Mutation of property is the process of changing the title ownership from the original owner to the new owner when an immovable property is transferred or sold. It needs to be carried out in all cases of property transfers, be it by sale or purchase, gift, or inheritance. As land is a subject of the state, each state has a record of all land and property deals that act as proof of ownership and help the common man safeguard their property investments. All the information regarding land records is registered and this minimizes the potential for property-related frauds.

After the process of mutation, the new owner obtains the title of the property registered in the land revenue department. It enables the government to charge property tax. The process of mutation further helps the government in determining the tax liability in the case of a change in ownership.

Process of Mutation

Mutation of land takes place in the Block Land & Land Reforms Office.

  • The applicant must apply for property mutation in the prescribed format and be physically present at the office along with all relevant documents
  • The departmental authority can conduct physical verification of the property as a precaution
  • Once the government departmental authority accepts the land documents, the certificate of mutation is issued after the payment of prescribed mutation fees
  • It can take up to a month for the municipality to update its records to show the changes in land ownership and issue a mutation certificate
  • With the technological developments of the country and the digitization of land records in most states, now the process of the mutation can be done online

Is Property Mutation Mandatory?

Property mutation is not mandatory, but the process should be completed as early as possible to ensure that the property is in one’s name in government records.

  • A person needs proof of the mutation when the person plans to sell the property in the future and not having mutation papers can affect your chances of selling the immovable asset
  • As the penalty for not completing mutation is very less (₹25-₹100), most people choose to postpone the process
  • It is legally advised and is safe if the property mutation is carried out immediately after the purchase is done from the point of view of the transfer of ownership
  • Property mutation charges differ from state to state but are in the same range
  • Mutation of property is not a one-time duty as these papers must be updated from time to time. A regular update ensures the authentication of your property records.

At TMR Group, we offer well-planned plots in Hyderabad that are strategically placed in great locations with amazing potential to multiply your investments. Our HMDA approved plots in Hyderabad are built with modern infrastructure and quality amenities that are installed for your utmost convenience. Visit www.tmrinfra.com to know more about us and our brilliant projects, and get in touch with us for site visits!

Freehold vs. Leasehold: Which properties fetch the best returns?

Freehold vs. Leasehold: Which properties fetch the best returns?

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Hyderabad has a culturally rich background that is imprinted into each brick of the city. It has now grown to be an ideal and lucrative hub for local and foreign investments owing to three main factors: amazing infrastructure, great environment, and consistency in the development of different economic sectors of the city. Apart from hosting the second-highest number of SEZs in India, it also contributes heavily to the pharmaceutical industry. The boosting developments in different sectors have opened many job opportunities, leading to many migrations into the city, which has significantly impacted the demand for profitable real estate investments, homes, or otherwise.

About Freehold Properties

Freehold or free from hold properties are those where the owner of the property has the absolute ownership and clear title of the building as well as the land on which the building is constructed till the time the owner decides to sell the property.

  • The owner has the freedom to do anything with their property (within the bounds of the law) like sell, renovate or rent it out after permissions from the respective authorities
  • The owner doesn’t need the consent of any third party to make the sale of the property and the owner can will it, or gift it, or even donate it
  • Freehold properties can be inherited by the next of kin or spouse legally. These are generally more expensive due to the permanent ownership and flexibility availed with the sale.
  • The owner has to pay the maintenance of the property and can even lease it to somebody without any restrictions or can be transferred by sale deed registration

About Leasehold Properties

Leasehold property means that the property is leased to you for a fixed period of time and you have the right only to stay for the pre-decided period of time. After the expiration of the lease, the rights to the property go back to the owner. The buyer has no direct ownership of the property and he/she must pay the ground rent to the owner or the leaseholder of the property.

  • It’s possible to extend the lease according to your convenience but at a higher cost. Generally, the lease period is 99 years but can be extended up to 999 years.
  • For any modifications, the buyer requires the permission of the owner
  • It is possible to extend or renew the leasehold according to your comfort
  • The tenure of the lease influences the value of the property
  • They are cheaper than freehold properties due to the rigid structure of operations and bank loans are quite hard to get for the purchase of a leasehold property
  • The buyer is not responsible for the maintenance of the property, but the owner needs to take care of it

Ideally, freehold properties are the better choice as the value of real estate grows over time so your investment is bound to multiply, but in the case of leasehold properties, paying rent is a one-way loss with returns.

At TMR Group, we offer clear title residential plots in Hyderabad that have strong potential to multiply your investments. The locations for our projects have been picked after thorough research of the market in order to provide the best possible returns on your investment. Visit www.tmrinfra.com to know more about us and our work.

Changing Real Estate Trends in Hyderabad

Changing Real Estate Trends in Hyderabad

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The real estate dynamics of Hyderabad have been consistently booming for about a decade now, owing to its tremendous development and emerging as the second-largest information technology sector in India that has taken its spot in cities that have been globally recognized. This recognition has led to a massive scale of developments in and around Hyderabad. The evolution of Hyderabad has led to improvement in the infrastructure which in turn improves the potential for real estate development in the city due to a steady demand owing to the rising job opportunities in and around the city. Even post the lockdowns, the real estate sector has picked a decent pace of recovery from the significant fall faced because of the first and second lockdowns.

Recent Real Estate Trends in Hyderabad

Since the beginning of the pandemic, the perspective of people has changed drastically as they had to adapt to the radically changing world. The ideology behind spending money evolved whether it is regular expenses or financial investments, the people need an additional sense of security for their hard-earned money and a vast majority of people are looking to purchase real estate options that are ready for possession. The demand for under-construction projects have been facing a gradual decline due to the large scale of unpredictability that has been looming around for a while now.

Keeping up with the latest trends, most of this generation is dependent on online reviews and websites for their research and decision-making. People respond well to quality content on social media and websites. Staying at home for over a year has generated a need for spacious homes and a comfortable lifestyle with flawless security standards and digitization of infrastructure. The real estate sector has also witnessed a constant demand for luxury real estate options and they are selling like hotcakes.

Investing in plots for short-term as well as long-term gains seems to be the rising real estate trend as investing in plots can steadily enhance the ROI on the property owing to the enormous scope of development in the ever-growing city of Hyderabad.

At TMR Group, we develop plots for sale in Hyderabad with thorough and strategic planning and extensive research on the market and areas with the most potential to improve the ROI are hand-picked for development. We offer top-tier amenities and security standards along with the plethora of plots in Hyderabad that let you spot your own plot! Visit www.tmrinfra.com to check out our projects and to know more about us!

How has the second wave impacted property pricing?

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With no real conclusion in the sight, the second wave has shaken the entire nation along with the administration. The economy of the country is being affected by the second wave and the impact of the second wave of Covid-19 has been more devastating than the first, bringing severe repercussions on the healthcare system and halting the process of recovery. With the intention of curtailing the cases, there have been localized lockdowns across most of the top cities including Hyderabad and the economic activities and demand have slowed down simultaneously affecting site visits and, therefore, sales. Unlike the last year, people are wary of going out at the current time and have avoided it to the maximum extent.

Real estate market scenario during lockdown

The Indian real estate sector is now a buyers’ market and has staged an impressive growth in 2021 but the second wave of coronavirus has imbued uncertainty and affecting the pace, resulting in a temporary pause, but the real estate sector is better prepared now and well-versed with the know-how of a pandemic and developers have been banking on digital tools and platforms. They are focusing on virtual tours and digitally-enabled marketing activities in an attempt to control the overall impact. The rapid vaccination drives have also been boosting confidence and the impact on the real-estate sector would be controlled. There is a strong potential that the real estate sector will resume its growth from the second quarter of FY 2021 and could see a steady flow of investments that will ensure growth opportunities with higher returns. The halt will be short-term and the confidence of the people will return as soon as the COVID-19 curve gets slowed. The pandemic, however, has made one thing crystal clear, that it is time to plan for the short term instead of the long term because of the blanket of uncertainty that surrounds the market.

Impact of COVID-19 on property prices

Real estate prices in some of the megacities of India have witnessed significant correction. This present scenario provides investors and buyers with an opportunity to put their money in residential real estate at a low price point. Since it is quite unlikely that the prices may undergo any further correction, this proves to be an ideal opportunity for buyers. The home loan interest rates also are at record low levels currently and housing finance is additionally available to buyers and investors at comparatively affordable prices. Some of the transactions and deals could be placed on hold due to obvious reasons. Though this is unlikely to impact the real estate sector in the long run. It is also speculated the last quarters of 2021 could be subject to inflation and during this time, a real estate investment can protect you as real estate performs well during inflation, therefore there couldn’t be a better time to invest.

At TMR Group, we present you with a wide range of plots for sale in Hyderabad as an opportunity to encash on the current economic situation effortless. Our transparent working and HMDA approved plots in Hyderabad at strategically picked locations, make it a safe haven for your investment with promising ROIs. Check out www.tmrinfra.com to know more about us and our work.

How Technology Has Helped Minimize COVID-19 Spread in Gated Communities

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In recent times, the pandemic has been surging and peaking across India and numerous cities have already started preparing for the potential third wave in spite of the existing lockdowns. There has been a major emphasis on getting vaccinated all across the news platforms and media and while there is slight control in the cities, the cases in the rural areas are reaching new heights on a day-to-day basis and due to poor infrastructure, the scenario could turn worse.

Along with the waves of the virus came to a wave of change and the definition of normal has changed in the dictionaries of many people and the only thing keeping us up with this change is the advancement of technology to guide us through this bleak time.

Significance of technology during COVID

Just imagine if COVID-19 had appeared on earth before the inception of the internet. It is a hypothetical situation that has the potential to send chills down your spine. Technology is the unstated reason why pandemic has been in control; may it be the technological advancements in medicine or the advancements in the aspect of the internet and digital platforms. During the first lockdown of the pandemic, the uncertainty of the situation had reached the minds of the public, but due to the advancements in technology and adapting to the situation, many jobs are taking place online on ICS (Interactive Communication Software).

Technology has answered all problems during this period of the pandemic and the entire world has gone digital. Online consultations have helped counter the requirement of physical presence. AI and high-performance computing have accelerated research into understanding the virus and developing targeted therapeutics to treat infection and stop transmission. Automated customer service definitely came in handy due to the implementation of physical distancing all over the world. Even while adapting to the pandemic scenario, public officials consider technology’s role and still seek opportunities to supplement and improve on traditional approaches. Online portals for vaccination have also smoothened the procedure. While there is still scope for improvement, the pandemic has highlighted technology’s importance to public health security and has definitely led to sharp improvements overall.

Technology as the key to minimizing the COVID spread in gated communities

Gated communities have access to all essentials that avoid the need for travelling to public spaces.

  • Improvement in technology has resulted in the provision of contact-less deliveries and online payments have countered the need for cash payments
  • Computerized temperature monitoring helps control the chance of infections
  • Remote working plays a significant role in the control of cases
  • Increased transparency due to the total digitization of the world
  • Innovative mobile contact tracing apps like Aarogya Setu that preserve patient privacy and civil liberties in response to public concerns while indicating the average number of infections around you have created new opportunities for privacy-sensitive technologies that aid efforts to prevent and control outbreaks
  • Management of domestic help with thorough health, checks reduce the possibility of spread
  • A total screening takes place before letting any visitors enter with the aid of thermal scanning and oxygen readings

At TMR Group, we believe that technology is what keeps the world up and running these days. Though the threats and challenges pertaining to technology are aplenty, so are the advantages and strengths. With the lockdown still in effect, TMR Group intends to spread awareness on health and safety of the people first. If you wish to know more about who we are and what we do, visit www.tmrinfra.com now.