Tag: Gated Community

Ways to avoid “House Flipping”

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Owning a property can be a tricky affair. With the number of documentation processes, legal processes and property-related processes, a commoner is bound to end up being confused about the overall phenomenon. It’s not only related to an individual who is interested in buying a property, but it also happens with most of the investors who tend to make some of the most common mistakes while buying a property. One of those common mistakes is “House Flipping”. No, it doesn’t mean the individual flip the house upside down. That would be a literal translation of the phrase.

Decoding the term ‘House Flipping’ for a layman would be – buying a property with an intention to resell and make profits, and not for personal use. This article would tell you how one can avoid those mistakes of ‘House Flipping’.

Avoid paying too much money for the materials: While we feel that contractors do not use the money paid to them for buying quality materials, you end up buying them yourselves without having a proper understanding of the details about the materials. This results in excessive expenses.

Avoid buying a super-expensive property: We might feel that buying an expensive property would fetch us even bigger returns, but there are too many variable factors that need to be considered and this move can backfire critically.

Avoid buying a property that you are not well aware of: If you are not well-versed with the location, with the developer or the audience profile of that particular place, it is best to leave it to the experts or consult one before buying. Jumping into the dark can only leave you either feeling adventurous or in a loss.

Avoid adding cheap properties to your cart: Assuming that properties that are cheap or inexpensive always end up burning more holes in your pocket than actually expensive ones. Usually, inexpensive properties cost less because of several factors such as the size of the property, developer (if they are new in the market), competitive pricing to penetrate the market and so on. Such decisions on buying property need to be made wisely.

Avoid paying for extra help: Sometimes we feel that we need to consult more than one expert if we are buying a property that has a huge potential for returns. We add consultants, brokers, resale property owners and so on. The phrase – too many cooks spoil the broth, holds well in this condition.

To avoid common mistakes of ‘House Flipping’ like these, one can often approach an expert in the business and stick to one who is reliable, trustworthy and has a deep understanding of the know-how in the industry.

At TMR Group, we are proud to have a dedicated team of experts who can guide you to own a property that would fetch you potential returns and help you grow. TMR Green Meadows at Chegunta is one such project where you can invest in a 50 acres gated community that’s close to the proposed Regional Ring Road and has seamless connectivity to NH44 & AH43. India’s one of the biggest upcoming furniture SEZ is about to mark its presence in Chegunta and the location is soon set to become the Tourism Hub of Hyderabad. If you wish to know more about us, visit www.tmrinfra.com

Why invest in Chegunta?

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In recent days, Hyderabad has been at the epicenter of several staggering developments in terms of growing social infrastructure, roads and highways and much more. Since the inception of Telangana as a state, these developments have always been on the upper side and Regional Ring Road (RRR) has been the main attraction or the talking point. RRR has been initiated to connect Hyderabad with several other districts in the state. According to some latest updates, Hyderabad is set to kick-start a 340-km long RRR project under the Bharatmala Pariyojana. The current plan is under Phase 1 and as many as 17 national highways including the NH44, NH65, NH163 and NH765 are set to connect various districts and towns in Telangana.

Since the inception of RRR, there have been a plethora of developments emerging in and around it. Here are a few highlights of the prestigious RRR project:

  • The project spans across 340-km distance
  • The estimated cost of the RRR project is reported to be around INR 17,000 crore
  • The northern part of the project ranges around 158 km while the southern part ranges about 182 km
  • The project covers areas such as Narsapur, Toopran, Gajwel, Yadadri (or Yadagirigutta), Pragnapur, Bhongir, Choutuppal, Ibrahimpatnam, Kandakur and Amangal to name a few

Chegunta – An upcoming opportunities hub

With a 1-hour driving distance from Hyderabad, Chegunta – a town in the Medak district, is set to be the next prominent destination when it comes to temple tourism, commercial and residential property developments. Chegunta is geared up to lead a flourishing future with the land value being appreciated at an incredible rate.

There’s a huge untouched market potential for food processing industries at Chegunta which the government has identified in the Medak district. With abundant accessibility to a multitude of agricultural produce, which acts as raw material for the food processing industries, these units, in turn, are bound to create a wide range of employment opportunities in the district.

Chegunta – A paradise for travelers & explorers

From the tourism perspective, Medak, Hyderabad, Bidar, Warangal (Orugallu), Nagarjunsagar are some of the important cities that are tourists’ favourite. Chegunta is also known for many other spiritual and historical attractions.

Pocharam Wildlife Sanctuary is a forest and wildlife sanctuary named for the nearby Pocharam Lake.

Medak Cathedral sees over the Diocese of Medak, the single largest diocese in Asia.

Medak Fort is a popular tourist attraction. The fort was originally constructed by the Kakatiya kings and later developed by the Qutb Shahi kings.

Kuchadri Venkateshwara Swamy Temple at Kuchanpally is a nearby Hindu worship place.

At TMR Group, our most renowned project, TMR Green Meadows at Chegunta is located close to the proposed Regional Ring Road, where the developments and opportunities to prosper are aplenty. Also, these 50 acres gated community plots are located on NH44 & AH43 where your investment is meant to grow by leaps and bounds in years. With such a profitable project up for grabs, you have a golden opportunity to grow with TMR. If you wish to know more about our project in Chegunta, visit www.tmrinfra.com or hyderabadplots.tmrinfra.com

Why buy a plot in a gated community at Chegunta?

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Investments these days have become quite targeted. People are hardly willing to invest in anything that poses a high-risk factor. Since the pandemic, the expenditure patterns of most have changed completely. A vast majority of people have cut down on their miscellaneous expenditures and have focused on saving. This is all due to the uncertainty that COVID-19 brought along with itself. The ever-evolving city of Hyderabad has transformed into a hub of futuristic developments. Owing to the enormous progress in all sectors of the economy including IT and Pharma, Hyderabad indeed is looking towards a bright future. These developments have created a tremendously strong job market which is the sole reason for several migrations from all over the globe. This inflow was directly proportional to the demand for good real estate options and the demand grew. The surge of developments throughout the city led to further development of neighbouring locales and towns, creating a potential gold mine for real estate investors.

Gated Community Plots: The Future of Investments

Gated communities are one of the safest and fastest-growing lifestyle options all over the world due to the level of convenience they offer. Investing in gated community plots is profitable for many reasons.

  • They have quality amenities that offer higher returns in the future while providing an exceptionally convenient life
  • Due to the rising demand for private living, people prefer gated communities as their option for investments
  • Maintenance is much lower due to shared expenses and saves a lot of money
  • Gated communities are systematically developed and hence, are likely to appreciate much quicker than under-developed projects
  • Owing to the amplified level of convenience gated communities offer with essentials all around, it boosts the appreciation on your investment
  • Gated communities have a better quality of development which appreciates the value of the land
  • Rentals in gated communities will be higher than normal because of the abundant availability of everything you would ever need

Buying a Gated Community Plot at Chegunta

Chegunta is an up-and-coming town in the well-connected district of Medak. It is connected to the rest of Telangana through NH-44 and AH-43, and its located quite close to major cities Hyderabad, Nizamabad, Kamareddy, etc. with only a 30-minute drive to the Outer Ring Road. Chegunta is home to beautiful weather throughout the year and is a pollution-free environment which has created an agrarian industry here. Greenery is abundant and Chegunta accommodates several good schools and colleges in its proximity.

The Government of Telangana has discovered the huge untapped potential for establishing industries related to food processing. There is abundant availability of several kinds of agricultural produce, which acts as raw material for the food processing industries. These units, in turn, would create employment opportunities in the district, and as the industries grow, the value of land is bound to appreciate to unimaginable heights. This massive scope for development is the prime reason why Chegunta has incredible potential for profitable investments.

At TMR Group, our focus lies in creating safe and profitable investment opportunities for everyone, even during this uncertain time. We assure utmost transparency in the procedure and prioritize the quality of development. Chegunta is a thoughtfully picked location owing to its tremendous potential for development in the near future, making it a gold mine for investors! The weather here is beautiful throughout the year, and the atmosphere is pollution-free. It is a lovely place to live in and make the most of its growth with hassle-free returns on your investment. Visit www.tmrinfra.com to know more about us. You can easily book a site visit through our website and check out the project that interests you. 

Plot Investment Potential in Chegunta

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As a forefront of next-level development in all sectors of the economy, Hyderabad is most certainly on its way to the very top. In the last decade, its growth has seen a pointy upscale graph that has earned noteworthy worldwide recognition. Hyderabad now hosts a few of the largest offices of the biggest known brands in the world like Google, Amazon, Accenture, etc., and has an incredibly strong job market. This is the main reason for countless work-related migrations from all over the country and the rising demand for quality real estate, residential and commercial, in the city. The real estate prices of locations in and around Hyderabad are appreciating at a phenomenal level, making it a potential gold mine waiting to be mined. The boundaries of Hyderabad have grown drastically and have increased its territory by including the so-called outskirts a few years ago, to be budding locales of the city. 

Why are Plots the Future of Profitable Investments?

Times have changed completely owing to the Covid-19 pandemic. No matter how hard we might try, some things can never go back to the way they were. This includes the investment patterns and strategies that people once used to possess. Today, there’s little to no room for risk factors when it comes to investments because no one really knows what might happen tomorrow, considering the Covid-19 virus still lurks around. One of the very few remaining low-risk and high gradual returns investment options that exist are the plots in Hyderabad. Let’s check out the benefits of investing in the right plots:

  • Minimal risk thanks to regulatory committees like RERA, DTCP, HMDA, etc. and potential for high gradual returns
  • It acts as a safety bubble that protects your family from any unforeseen events
  • The initial cost of investment is considerably low, and loans can help you out
  • It offers unmatched flexibility as you can sell it on any day and reap the benefits or choose to build your own home
  • Little to no maintenance costs
  • You can get the possession without any hassles as there’s no construction involved, and the possession is almost immediate

Plot Investment Potential in Chegunta

Chegunta is an up-and-coming town in the well-connected district of Medak. It is connected to the rest of Telangana through NH-44 and AH-43, and its located quite close to major cities Hyderabad, Nizamabad, Kamareddy, etc. with only a 30-minute drive to the Outer Ring Road. Chegunta is home to beautiful weather throughout the year and is a pollution-free environment which has created an agrarian industry here. Greenery is abundant and Chegunta accommodates several good schools and colleges in its proximity.

The Government of Telangana has discovered the huge untapped potential for establishing industries related to food processing. There is abundant availability of several kinds of agricultural produce, which acts as raw material for the food processing industries. These units, in turn, would create employment opportunities in the district, and as the industries grow, the value of land is bound to appreciate to unimaginable heights. This massive scope for development is the prime reason why Chegunta has incredible potential for profitable investments.

At TMR Group, we believe in foresightedness. We saw the potential in Chegunta and decided to create quality living and investment options in the form of the well-developed residential plots at TMR Green Meadows, Chegunta. It is a 50-acre project that delivers E.C.O. (Ecology. Connected. Outgrowth) villa plots. With the added advantage of seamless connectivity to major highways, the land value is growing at an incredible rate, and Chegunta is heading towards a flourishing future. To know more about TMR Green Meadows and to book your site visit, you can go to www.tmrinfra.com and get in touch with us!

Tips to avoid land frauds while investing in plots!

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Like any other industry that involves heavy transactions, real estate is also susceptible to frauds and scams. Investing in real estate is a life-changing decision that takes up a big chunk of your hard-earned money and obviously, you wouldn’t want to get scammed. There’s immense pressure on you to make the right decisions regarding your investment and avoid frauds simultaneously. Since the introduction of RERA (Real Estate Regulatory Authority) in India, the number of frauds and scams has reduced by a lot but still, it’s important to know the different types of scams or fraud attempts that you can come across.

Types of Land Frauds

  • Delay in the time of delivery is one of the more common types of fraud where the project is not completed as per the promised time
  • Uninformed changes in the specifications mentioned in the agreement
  • When sale and deeds are executed before the necessary licenses and permissions for the construction of the building are procured
  • Hidden clauses in the agreement that could affect the buyer
  • Disputes in the ownership of the land ultimately put the buyer’s investment in jeopardy
  • Real estate agents may overcharge for a property under false promises of high returns and quick development
  • There are times when the same property is sold to numerous buyers
  • Sometimes a random person might pose as the owner and execute the sale

Tips to Avoid Land Frauds

  • Never rush into a real estate investment. Do your research. Tally the real estate rates from multiple sources and make sure you are being quoted the right price for the property. Real estate developers may cunningly tell you that there are only a few units left and you need to quickly decide, or offer you discounts for booking quickly. However, it is at your discretion to take your own time to check and decide.
  • While choosing to invest in an underdeveloped area, make sure that the area is going to develop in the future. You can check the potential of the land by calculating its distance from the airport and its proximity to growing industrial sectors as some areas do not develop even after two or three decades.
  • There’s no harm in taking advice from experts in the market
  • Never buy the property because the images online or the brochures look good. Make a visit to the site and see for yourself and speak to the locals of the area like shopkeepers and petrol pump executives.
  • Check the track record of the developers thoroughly and don’t shy away from asking for references of previous buyers as it helps you confirm their reliability. Online reviews are a big help too.
  • Ensure that the project is approved by banks for loans as that indicates authenticity because banks only approve the projects after a thorough inspection
  • Ensure that the ownership of the land is clear and ask for copies of permissions, approvals for the project, as well as that of the title deed
  • Examine the documents carefully, multiple times, and understand every clause and its implication. Have the documents read by a legal expert who can help you out and if any discrepancies are found, speak to the developer to get them changed or back out from the deal.
  • Ensure that the timeframe of the construction is clearly mentioned along with a delay clause that benefits you if the project is delayed
  • Most importantly, always purchase properties from reputed builders and ensure that the projects are regulated by the respective authorities such as RERA, HMDA, and DTCP as this adds an extra layer of security, protecting you from frauds and scams

At TMR Group, we offer clear-title open plots in Hyderabad. The projects are registered under RERA. The well-planned layouts accommodate DTCP and HMDA approved plots in Hyderabad. We prioritize the quality of development and complete our projects’ top-class amenities that are likely to improve your ROIs. Our projects are thoughtfully placed in locations that have tremendous potential to grow and are well-connected to the airport and the rest of the city. Visit www.tmrinfra.com to know more about us and book a site visit today!