Tag: Green Meadows

Telangana Budget 2023- A Boost to Real Estate Across the State!

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The Finance Minister of Telangana State, T Harish Rao, presented the annual budget for the fiscal year 2023-24 in the state assembly this month. The budget presented of INR 2 90,396 crore for the year consists of total revenue expenditure of INR 2 11,685 crore and a capital expenditure of INR 37,525 crore.

The budget focused on public welfare and infrastructure in the state. The Finance Minister introduced a robust budget with specific allocations to infrastructure development and has earmarked Rs 11,372 crore to the Municipal Administration & Urban Development (MA & UD) Department. A part of the budget is also allocated for the development of Infrastructure and Traffic Flow in Hyderabad.

Real estate experts anticipate that this emphasis on infrastructure development and public welfare will pave the way for the growth of the housing sector in tier-2 and tier-3 cities of the state.

The problem of traffic congestion is quite prevalent in the state. The state government has announced several SRDP Projects to address it, including developing flyovers, underpasses, foot-over bridges, and road-over bridges.

One of the major focus areas of the state budget was to curb unemployment in the state. It has proposed the development of various industries, including the food processing industry, and the development of IT Infrastructure in the state. It has also allocated INR 4,037 crore for the industries department, creating a conducive business environment to attract investments.

Infra development and employment generation increase the financial potential of the population. This additional capital may be invested by people in the housing sector and will directly impact the demand for real estate in the state.

Industry experts point out that Hyderabad has developed mainly because of its well-connected roads and infrastructure. With a boost in infrastructure, the state will witness the growth of tier-2 and tier-3 cities in the long run. The proposed industrial corridors in the state will all develop along the National Highways. This will further boost the development of residential clusters across the state.

The Finance Minister has also allocated INR 7,890 crore to construct double-bedroom houses for the poor. These homes will benefit over 2.5 lakh eligible persons in the state, thereby boosting the housing sector.

The state budget for 2023-24 and its allocations are a positive boost to the real estate and construction industry. No doubt, it will have a long-standing impact on the sector.

At TMR Group, we plot your future growth with our projects. Our open residential plots at TMR Green Meadows in Chegunta are close to the proposed Regional Ring Road and proposed airport and Nizamabad for enhanced connectivity in the future.

Developed in 50 acres gated community, these plots are equipped with the latest state-of-the-art amenities and facilities and make the ideal investment for a profitable future. Come, book a site visit, and witness your future flourish. Visit https://tmrinfra.com/ to know more.

References:

https://www.thehansindia.com/business/telangana-budget-to-push-realty-growth-across-state-782310

https://www.bizzbuzz.news/markets/telangana-budget-2023-to-push-realty-growth-across-state-1197618

PLOTS vs. FLATS What do consumers prefer?

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A property purchase is one of the most significant investments you make in your lifetime. It is a long-term financial commitment and considerably impacts your finances. Not forgetting that we are all at different stages of our investing journey. Some of us are first-time homeowners, some others are looking for a second home, and others an investment that helps earn additional income.

But whether you are a first-timer or a returning buyer, there’s one dilemma we all have- to buy a plot or a flat – which is the better investment?

Market studies point out that more than 50% of home buyers prefer new, ready-to-move houses in Hyderabad. However, there’s also an equal percentage of buyers who look for plots and other older properties.

A few critical factors need to be considered before you choose between the two – easy financing, high returns, tax benefits, etc. 

Let’s take a look at the Pros and cons of flats and plots based on a few pivotal parameters.

  1. Flexibility:

Plots offer a lot more flexibility when compared to flats. They allow you to build your dream house according to your preferences and taste. However, in the case of flats, you have no say in deciding the structure of the house.

  • Appreciation rate of property:

Returns on your investment are higher in the case of open plots. Plots appreciate faster than apartments. This is mainly because plots are less in supply in the market.

Flats are also prone to deteriorate over time, which in turn, is likely to result in a decrease in their values. Land is an appreciating asset; hence, you’ll always get a better plot return.

  • Financial assistance:

The Loan-to-Value (LTV), compared to flats, is less for plots in Indian cities. While the Loan-to-Value (LTV) is 80-85% for flats, for plots, only 80% Loan-to-Value (LTV) is allowed. In the case of resale land, this Loan-to-Value (LTV) is only 50%. Also, you can only get a loan for buying a residential plot if the local authority has approved the land.

Hence, arranging funds and capital for open plots is a bit more hassle. On the hand, financial assistance is easily available for purchasing flats, and smoother.

  • Delivery:

Unless you are buying a pre-owned flat, possession of an apartment may require months or even years. Plots are usually ready for possession. If you’re buying a plot in a township, you are likely to get possession of the plot earlier than a flat. This allows you to customise and build your home as and when you want.

To conclude, both plots and flats have their fair share of pros and cons. What to invest in depends on what fits your budget, your financial abilities and liabilities, and your family’s needs. If you are merely looking for an investment for your funds, a plot, however, sounds like a better deal. Investing in a plot in a location that has proposed development and will see appreciation in the future would be a good idea.

At TMR Group, our plots are located at the epicentres for development for thriving returns. TMR Green Meadows at Chegunta, just 30 min away from Medchal, is a plotted community spread over 50 acres for an investment that grows along with you. To know more, visit https://tmrinfra.com/

Hyderabad welcomes the New Year on a cheerful note!

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2022 has been a phenomenal year for residential real estate. Industry research attests that despite the headwinds of rising property prices, interest rate hikes, and geopolitical tensions, housing sales in the top seven cities of India crossed their previous highs of 2014.

Market research studies state that approximately 3 64,900 residential units were sold in the top seven cities in 2022. This is against the 2, 36,500 units sold in 2021. With these figures, the sector recorded a 54% year-on-year increase. Interestingly, the last time such peak figures were recorded was in 2014, when 3.43 lakh units were sold.

Mumbai Metropolitan Region witnessed the highest sales of about 1, 09,700 units in the seven cities studied in 2022. The financial capital was followed by NCR, with approximately 63,700 units. Hyderabad, on the other hand, saw the sale of 47,487 residential units.

In terms of new launches, the top cities saw a 51% annual rise. The numbers rose from 2, 36,700 units in 2021 to nearly 3, 57,600 new units in 2022. Hyderabad saw the second-highest launch figures, with 68,000 units launched in 2022 compared to 51,500 units in 2021. The city of pearls was only second to Mumbai Metropolitan Region, which recorded 1, 24,650 new launches in 2022. Both the cities together accounted for 54% share of all the residential launches in the year.

Market experts anticipate the current sales momentum in the housing sector to continue in the first quarter of 2023. Experts mention that the appetite for homeownership has remained undeterred, and maximum sales are being driven by the end users. However, a lot of stakes will also depend on how the home loan interest rates pan out over the next year.

Industry experts also believe that ready-to-move-in units will continue to top the buyer demand. The demand for new launches will also gain momentum in the year ahead. The large and listed developers will continue to dominate the market. Buyers have a certain level of faith and confidence when it comes to top builders and developers; hence, they will continue to perform well and see significant sales in 2023.

Despite the affordability level of buying housing properties witnessing a decline last year across seven major cities due to the rise in mortgage and property rates, Hyderabad remains one of the most affordable residential markets. A stable employment market in the city, longer loan tenures, and supportive government policies have been instrumental.

2022 was a phenomenal year for the real estate sector in Hyderabad and other cities of the country, particularly for the residential segment. There was robust housing demand, mainly from end-users, in not just the top cities but also across tier 2 and tier 3 cities.

Affordable housing, ever-growing job opportunities, infrastructural advancement, superior standards of living, and excellent connectivity, make Hyderabad the hub of development. Secure a future here for you and your family with TMR Group. Invest in plots in the hotspots around Hyderabad that allow you to uncap a future full of growth and profitable returns. Visit https://tmrinfra.com/ today to know more!

Turnaround in Hyderabad’s Real Estate!

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Hyderabad – India’s Pearl City, has become one of the most popular investments and property-buying/renting destinations today. The real estate market in Hyderabad is robust and clocked a 32% growth in sales in the third quarter of 2022 and a 19% growth in new projects. Additionally, it is also one of the most sought-after office destinations in the country, and as of September 2022, over 104 million sq.ft of office stock was available in the city. Let us understand this turnaround in Hyderabad’s real estate market in detail!

A report by a leading real estate market researcher has highlighted that the strong momentum in demand has generated an uptick in the supply of new residential projects in the city. Around 11,000 housing units were launched, which in turn registered 19% YoY growth during the quarter. Hyderabad also witnessed a healthy surge in price growth, with aggregate residential value moving up by 6% YoY during Q3 of 2022.

Simultaneously, Hyderabad witnessed office space transactions of eight lakh square feet in the commercial market during Quarter 3 of 2022. The report states that the city witnessed new office completions of 33 lakh square feet during the quarter. At an average rent increase of 7% YoY, Hyderabad recorded the third-highest 12 months office rental value growth across the eight leading cities of India during Q3 of 2022.

With a booming real estate market, the peripheries of the city centre have now expanded. Also, new urban projects in the city’s eastern part have contributed to the increase in the real estate market. The growth of Hyderabad as a major employment hub has, no doubt, fuelled this growth.

The IT industry in Hyderabad is one of the most significant global IT/ITES presence. Amazon, Google, Microsoft, and other giants, along with a number of unicorns and start-ups, all call this city their base. With Hyderabad Pharma City in the pipeline, it has grown into a major pharmaceutical and biotechnology powerhouse in India.

The report highlights the Telangana government’s policies have a big impact on real estate in Telangana and the trends across all real estate segments in the state. Various policies of the State government have led to a remarkable turnaround in Hyderabad’s real estate growth over the last few years, apart from aiding in the overall development of the State.

Experts say that this business environment, led by a stable political dispensation, focused policy initiatives, widening infrastructure bases, positive stakeholder sentiments, and availability of a large talent pool is expected to continue to improve in the State.

The boost in real estate is expected to trigger ‘return to office’ sentiments as the effects of the pandemic lessen in the coming years. As such, high-quality institutional supply in the IT corridors would also boost the creation of smarter developments in the city as well as encourage the launch of new projects. Delivery timelines, however, may get impacted as mid and high-end properties will continue to drive the demand is what experts predict for the upcoming year.

Telangana currently accounts for 5% of India’s GDP. The adoption of global and domestic business-focused policies almost immediately after the State’s formation in 2014 has given the state’s economy a boost. Hyderabad continues to rank high on the global standards of living parameters and is the best city to live in India, beating Delhi, Bengaluru, Mumbai, or Chennai.

With unlimited job opportunities and infrastructural advancement, Hyderabad is experiencing a boom and will be the hub of development in the coming years. With TMR Group, invest in plots in the hotspots of growth around Hyderabad today for a flourishing future. Visit https://tmrinfra.com/ today to know more!

References:

https://telanganatoday.com/remarkable-turnaround-in-hyderabad-realty

https://www.deccanchronicle.com/business/in-other-news/300922/hyderabad-real-estate-clocks-32-sales-growth-in-september-quarter.html

Hyderabad gears up for job market on the rise!

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The global economy is slowing down. Markets worldwide are flashing warning signs that the global economy is stumbling on a cliff’s edge. While the United States is dealing with a fast incoming recession, the European states are battling inflation as the prices of essentials like gas and food continue to rise.

Experts say that the aftermath of the Russia-Ukraine crisis, China’s draconian pandemic policies, and runaway inflation clubbed with the United States Federal Reserve raising interest rates aggressively has pushed the world into a recession which is having a direct impact on the IT sector and employment in the United States. From Byju’s to Zomato and even mega giants including Google, Cisco, Twitter, Meta and Amazon, many companies have announced layoffs in recent months. Its ripple effects are seen even in India.

However, not everything is bleak, even in these times. While the US recession will slow growth in general, many companies could outsource the quantum of work. This, in turn, will create more employment opportunities in India. India today no longer outsources just voice-based call centres and BPO services. The kind of work being outsourced globally from our workforce ranges from IT jobs to data processing, photo-editing, CRM and even CAD drafting, rendering and more. In turn, this recession might be quite beneficial for some companies in India, especially the IT hubs in Hyderabad, Bengaluru and Pune.

Manisha Saboo, the President of the industry body Hyderabad Software Enterprises Association and Infosys Hyderabad SEZ Centre Head, predicts that more work will come to India, including the city of Hyderabad. There will be ample opportunities in animation, semiconductors and new segments like the Mobility Valley in the coming years.

A thriving IT and start-up ecosystem in Hyderabad will ensure that it continues to attract stakeholders even during the recession. The availability of skilled personnel will take care that companies face no problems in getting the required skilled talent here. Simultaneously, the Telangana Academy of Skills and Knowledge is working on training human resources to meet the industry’s requirements. The state government is also undertaking various development programmes enabling the creation of quality infrastructure. These aspects will be a driving factor of growth in coming years, according to experts.

A lot of companies have started setting up their Global Capability Centres (GCCs) in Hyderabad today. These centres will be the driving force of growth and help create global products and solutions.

Earlier, outsourcing works were given to Indian companies only due to the cost arbitrage they gave over the rest. And although that continues now, more companies are assigning work to India in their search for higher-order skills to handle research and development, product development and similar jobs, which are at the top of the pyramid in the outsourcing value chain.

Outsourcing isn’t also limited to just partial jobs anymore. With the recession in the picture, the outsourcing scale can be large. For instance, instead of assigning a part of the work to the companies, experts see the possibility of the entire IT department getting outsourced in the coming months.

The city is also benefitting from the work-from-home still practised in other offshore markets. Since many international organizations are not yet working from offices, some orders were being outsourced to Indian cities, including Hyderabad.

This is likely to also have a positive impact on the real estate market in the city. With demands for both commercial and residential spaces expected to rise, this is the perfect opportunity to invest in land in Hyderabad today.

At TMR Group, our plots in Chegunta and Maheshwaram are located in the hub of upcoming development for guaranteed appreciation of property and flourishing growth. Book a site visit today to secure your future in the land of growing opportunities. Visit https://tmrinfra.com/ today to know more!