Tag: Gated Community

Hyderabad: A hotspot for open plots!

admin Leave a comment

The demand for housing in Hyderabad stands witness to the growth of this city. With incentives and initiatives by the state of Telangana to boost the economy, the iconic city is now thriving as one of the biggest IT hubs in the country. Excellent standard of living across all parameters, opportunities for growth and secure investments has made it the choice of residence for young and old alike.

The major reasons behind the growth of the Hyderabad real estate market include infrastructure development projects undertaken by the Telangana state government and investor friendly policies. Several companies are expanding their operations in the city, including international giants like Amazon, Google, Microsoft and the rest. Several skilled professionals therefore are migrating to Hyderabad for better work opportunities and making this city their home. Hyderabad is today one of the top destinations for realty investments in the country.

A recent study has highlighted that southern cities are leading the demand for residential plots in the country. Notably, Hyderabad has witnessed the maximum price appreciation in plots.  The demand for plots and independent floors has significantly strengthened after the COVID-19 pandemic. Residential land is also believed to be a better investment option than buying a flat in apartment. Reports say that plots have generated higher capital returns in India. Experts say that one of the reasons for this demand could be the limited supply of plots in big cities because of paucity of large land parcels in the urban centres like Hyderabad.

Home buyers today are looking for either high configuration homes or private lands to build a home that’s customised to suit their needs. The continuance of Work From Home (WFH) policies and cultures and need for space is predicted to be one of the major driving forces for the same. A demand for plots has been in the range of 900 sq.ft to 1800 sq.ft has been noted. Other factors that have contributed to this demand include the reduction in premium charges and stamp duty in the real estate sector across states.

With the revival in the demand for plotted development, a number of well-known real estate developers have ventured into the plotting business. Unlike earlier decades, where owners of vast tracts of open land would plot their land and sell them as individual units, with several big developers joining the bandwagon, gated plot communities are booming in the business.

Medchal, Adibatla, Ghatkesar, Shankarpalli, Patancheru, Tukkuguda, Maheshwaram and Shadnagar are today amongst the top locations in Hyderabad for investments. The growth prospects in the vicinities of these regions have made them the hotspots for residential markets today.

Plots have undoubtedly become a go-to choice of investments in the post-pandemic real-estate marketplace. Additionally, a well-chosen land offers higher returns on investment when compared to apartments. With TMR Group gated communities you have multiple opportunities in this city of prospects to grow. Our plots in the lands of future opportunities make the ideal investment for a secure future for you and your family. Become a part of our gated communities across the state with a blockbuster discount this Sravana Masam across all our projects in Hyderabad. To know more about this offer, and other projects, visit https://www.tmrinfra.com/

TMR: RERA & homebuyers: A long road ahead!

admin Leave a comment

We all dream of owning a house one day and then often spend a lifetime earning and saving to make it come true. To put your entire hard-earned money into something uncertain is really scary. Several questions pop up in our minds when we decide on finally buying a home. Right from the location and setting of the residence, to the credibility of the developer. Top it with arrangements for capital, EMIs, thoughts of delays in the project, or worst-case scenario, it getting failed, and we have the perfect recipe for stress.

Until a few years ago, home-buying was riskier than today. Cases of developers leaving projects halfway, duping buyers and the lack of legislation in place were a common sight. This is when RERA came into the picture. 

What is RERA?

At its heart, the Real Estate (Regulation and Development) Act, 2016, (RERA) was passed by the Indian parliament to protect the interests of home buyers. Alongside, it brought a ray of hope for the real estate sector. It was established to address the problems of home buyers and regulate the real estate sector. The act makes RERA registration mandatory for every building that has more than 8 units or land under development measuring more than 500 sq.m. The code aims to create a favourable market and bring transparency in transactions between property sellers and buyers in the primary market.

Objectives of RERA

  • Maintain transparency in the process of the transaction, and bring down scams and fraud
  • Bring a standard PAN-India code for real estate
  • Bring a sense of responsibility for both buyers and sellers
  • To enhance confidence among investors and in turn the credibility of the real estate sector

Telangana State Real Estate (Regulation and Development) Rules, 2017

When the parliament passed RERA in 2016, it mandated every state and union territory to form its own regulating body and frame rules to govern the functioning of the sector in their region. Therefore, Telangana State brought the RERA rules into action in 2017. Known as the Telangana State Real Estate (Regulation and Development) Rules, 2017 these apply to all real estate projects, whose building permissions were approved by the authorities on or after January 1, 2017. Alongside, the TSRERA provides many services for home buyers, developers and real estate agents. With this, the authority aims to promote the ease of doing business in the state.

Rights of home buyers under RERA, 2016

The Real Estate (Regulation and Development) Act, 2016, lays down certain rights for home buyers. These include:

Right to obtain project information: Every buyer or allottee has the right to obtain information about the project in question, its sanctioned plans, layouts, RERA registration number and other specifications.

Right to know about project completion and schedules: Buyers and allottees have the right to know about the stage-wise project completion, and provisions by the developer for sanitation, electricity, and all other amenities mentioned in the terms and conditions of the agreement.

Right to claim possession: A buyer or allottee has the right to claim possession over the property and other amenities when the formalities are complete and remuneration paid. Along with this, they also have the right to claim their documents when handed possession of the property, including the layouts and plans for common areas.

Right to refund: If the developer fails to comply with the terms of the agreement or is unable to hand over possession in tune with the terms of the agreement, the buyer has the right to claim interest and compensation from the developer.

Impact of RERA

The implementation of RERA has had a positive impact on the real estate sector across the country. It has revived the confidence of home buyers and this field continues to thrive with investments even in the post-covid era. Cases of fraud and scams have witnessed a massive fall. With RERA in place, a developer cannot demand more than 10% of the total project cost as advance and application fees. This has saved buyers the stress of having to accumulate unfair amounts of capital in haste.  Developers also have to quote the exact carpet area in all agreements, which helps a buyer understand the exact area and expenses.

RERA, with its implementation, has boosted transparency in real estate and revived the sector. At TMR Infra, we believe in maintaining transparency in all our transactions. Our beliefs and quality have helped us build a community of thousands of happy customers in Hyderabad. Become a part of our 50-acre gated community, in the land of the future at Chegunta, just 30 minutes away from the Medchal highway. To know more about us and other projects, visit https://www.tmrinfra.com/

Tips to Examine Construction Quality

admin Leave a comment

Every monsoon brings us, news about collapsing roofs and walls that flood us with worries about the quality and longevity of our homes. As a home buyer, you wouldn’t buy a home that’s placed in an unsafe building. Also, as a developer, you never want to compromise on the quality of your constructions and the dwellings you build.

Hyderabad continues to witness a boom in the demand for plots and homes. There has been a rise in the number of residential as well as commercial spaces that are now dotting the city and its suburbs. The real estate sector in the city of the Nawabs has recorded a smart recovery despite the pandemic in the last year, with the real estate segment especially outperforming others.

As the demand for housing and apartments in the city grows, it becomes imperative to ensure that the dwellings are of standard quality to ensure everyone’s safety. Besides, investing in property involves a significant amount of money, and it is, therefore, the prerogative of also the buyers to seek and analyse every minute detail that goes into the construction of their homes.

Here are a few tips which would help both developers and buyers gauge the quality of construction.  

  1. Check soil quality:
        
    The strength of your foundation is determined by the quality of the soil it is built on.  Soil differs from region to region. Certain soil types do not support high-rise buildings, and if this isn’t assessed timely, the foundation can even collapse. The first step, therefore, is to check the characteristics of the ground soil on which the structure is built. 
    As buyers, don’t forget to demand a copy of the report and ensure that the foundation isn’t compromised. 

  2. Ensure that the design of structure is verified:
        
    The basic structural design of a building is a key aspect to consider while inspecting the quality of construction. The structure and accurate placement of walls, beams, columns, and roofs bring about the stability and strength of a building. They must be built to ensure maximum safety and rigidity to the building.
    As a layman, it would be difficult to understand all of this, which is why home buyers should not hesitate to take expert third-party opinions on this aspect.
  • Assess the concrete mix:

    This is one of the most important parameters to the quality of construction. Make sure that the concrete mix is of good quality. The strength of the concrete mix used for construction determines the load-bearing capacity of the building.  It is hence crucial to ensure that superior quality concrete is used in optimum ratio with sand for construction. Also, make sure the plaster is of standard thickness.
    When buying a home, buyers can quickly assess the quality of concrete used by driving a nail into the wall. Knock on the walls to get an idea of their hollowness and width.
  • Look out for Emergency exits, fire safety measures:

     Safety and security are extremely important. These are the driving factors for the safety of dwellers and should be taken care of.  Ensure that the emergency exits are easily accessible to all, robust fire safety measures are in place and aren’t compromised.  Further, make sure that the elevators have power (DG) backup, are well maintained and if the building is earthquake resistant.

Buyers should make sure all these measures are intact when buying a home. Ask for a copy of the license and maintenance of the elevator as taken by the developer. Also, look out for the elevator ratio in the residential project. 

  • Check for leakages, seepages and cracks:

Cracks in walls are a big no! Similarly, blocked drains, leakages through walls, and water seeping through the floor led to faster aging of your construction. They also highlight other problems with the construction that cannot be overlooked.
Buyers should look around the property for cracks, and check whether the bathrooms have any existing leakages before buying.

A number of problems with construction can be avoided solely through observation and quality checks. Following these tips would ensure you have a safe home for your family.


At TMR Group, we make sure that quality lies central to our projects. We undertake timely steps to ensure you have a home that is your safe haven. The Phase-I of the project at Chegunta is already sold out and stands witness to this fact. Become a part of 50 acres of a gated community at TMR Green Meadows, Phase-II and build a safe home for your family. To book your plot today, or know more about TMR and our project, visit www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html

Property Value in Telangana on the rise!

admin Leave a comment

Telangana has suddenly become a superstar of sorts and investors, homebuyers alike are interested to invest in this hot destination. Why this popularity all of a sudden? The state government recently announced a hike in property prices by 25-50%. While the values of residential apartments have been increased by 25%, the agricultural lands and plots are bound to witness an uptick of 50% in their price. This price rise is expected to bridge the gap between the open market rates and the registration rates fixed by the government. So, is this good news or bad news? This article would explore the details.

The Current Status – In Numbers

The decision to hike the property rates would significantly impact the real estate industry, especially in and around Hyderabad’s vicinity. For instance, the market prices at Shankarpally have been increased by 40% to INR 2,800 per square yard. In micro-markets such as the Kondapur-Gachibowli region, the prices have been hiked from INR 14,000 per square yard to INR 26,000 square yards. Similarly, in Kokapet, the current price is now fixed at INR 14,400 per square yard, previously which was at INR 10,000 per square yard. The highest price was witnessed at Puppalguda at 50% with new market prices fixed at INR 21,000 per square yard.

In comparison to the last year, housing prices in Hyderabad have spiked by 7%. After average-price appreciation, Hyderabad is now currently the second-most expensive housing market after Mumbai Metropolitan Region (MMR). There’s no surprise that the reason behind the property price rise is the pandemic. It is the primary reason why the cost of construction materials has gone up and has impeded the supply chain process.

The Future Scenario

As of now, the trend seems to be picking up in the real estate fraternity and most real estate developers are making hay while the sun is shining. The officials of Telangana have further divided these properties into three crucial segments to decide the extent of the hike. All property price revisions have been implemented based on this model.

The real estate developers in Telangana are still anxious about this decision as it arrived after the recent rise in stamp duty charges. Recently, the stamp duty was increased from 6% to 7.5%. The state is now expecting to double its revenue from registrations of properties.

This might be a welcome move to the real estate developers, but the homebuyers need to bear the brunt of the price rise whatsoever. While the recent festive season had a visible impact on demand as well as supply, Hyderabad has been witnessing a rather moderate yet positive change in the Hyderabad housing market. Hoping that the economy settles in, and provides buyers with higher job security, the recovery process in the real estate sector might gather more momentum in the coming year.

At TMR Group, we believe that every customer deserves to get worthy returns on their investment and that’s the reason we have launched our second phase of TMR Green Meadows, Chegunta. With our Phase-I completely sold out with 150 plots and 30,000 square yards, the response has been rather overwhelming. Now is the right time to own a residential open plot in the future of a flourishing destination that’s close to Proposed Regional Ring Road and on NH44 & AH43. To know more about the project, visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html

MNCs have a sweet tooth for land parcels in Hyderabad!

admin Leave a comment

Investment scenes in the Land of the Nawabs are seeing a sudden uptick. Hyderabad has once again become the hotspot for investors and the trend is set to go upwards in the future. Though the second and third waves impacted the real estate industry, along with other industries, the businesses have bounced back and how! They have been recovering from the losses and making it up with a phenomenal speed. The investment in the pharma sector especially is getting much notice as compared to other industries in Hyderabad. Why is that? The article sheds some light on the reason why companies have suddenly gotten a sweet tooth for land parcels in Hyderabad.

Prescription for Growth

The pharmaceutical industry in India has witnessed a double-digit growth of about 15% last year, thanks to the increasing demand for COVID-19 products. This has resulted in pharma companies looking to expand their business and set up new facilities.

That has given rise to the growing demand for agricultural land and the prices have gone up by 40-80% in the last couple of years, while residential plots in the core areas have seen an upward trend of 50% price appreciation. However, even the government auction has seen interest from pharmaceutical companies. Hyderabad has also witnessed some of the big pharma players investing in setting up research and development units.

A Window of Opportunity

Tech-giant, Microsoft recently made rounds in the news for planning to establish its largest and fourth data centre in India at Hyderabad. An investment worth INR 15,000 crore that would span across 15 years, has been proposed.

While the investment in the data centre is worth INR 15,000 crore, the company has acquired three land parcels worth INR 275 crore. The land parcel acquired in Makeguda is about 22 acres and INR 40 crore, 41 acres in Shadnagar worth INR 164 crore, and 52 acres in Chandenvelly worth INR 72 crore.

The new data centre in Hyderabad is set to deliver advanced data security and cloud solutions to boost enterprises, startups, real estate developers, the education sector and government institutions.

In recent news, in the state of Telangana, which was affected by the pandemic, the government decided to auction unutilized land parcels and mobilize funds for the development of the state. Telangana had lost about INR 50,000 crore in the first wave and another INR 3,000 to 4,000 crore in the second wave along with pending arrears from the centre.

At TMR Group, the 50 acres gated community at Chegunta is all geared up to welcome investors into its second phase. The first phase had an overwhelming response. 150 plots and 30,000 sq.yds were sold out in a record time. Our second phase is open for bookings and it’s time for you to take the first-mover’s advantage and own your piece of land in the upcoming investment hub of Hyderabad which is close to Proposed Regional Ring Road and on NH 44 and AH43. Hurry! Visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html to know more.