Tag: Hyderabad Real Estate

Hyderabad to Maintain its Affordable Housing Status in 2024

admin Leave a comment

The real estate sector in India saw remarkable growth in 2023. Policy reforms, positive consumer sentiment, rising disposable income and the growing demand for bigger homes propelled this progress, which surpassed the growth rates of previous years and broke all records. 

Hyderabad stood out amid this growth as one of the most affordable Indian real estate markets. The city has retained its position as one of top most affordable for homebuyers in the major metropolitan areas. 

The JLL report projections reveal that Hyderabad’s Home Purchase Affordability Index (HPAI) will reflect the admirable levels observed in the past two years. This will strengthen its position as the go-to hub for prospective homebuyers. The report also highlights that Kolkata and Pune, along with Hyderabad are expected to be the most affordable cities for home purchases.

According to the report, experts predict a 60-80 basis point repo rate cut in 2024. This, along with government initiatives like Telangana housing scheme and Pradhan Mantri Awas Yojana (PMAY) are likely to boost the purchasing power of homebuyers and ensure that their dreams of purchasing homes and investing properties see the light of the day. On the other hand, the market will focus on affordable projects within the reach of the population, solidifying its appeal to potential homebuyers.

Despite the price rise of residential properties in the tech hubs of Bangalore and Pune, Hyderabad is poised to maintain its stand as the most affordable housing market. Hyderabad’s housing market is likely to see robust activity throughout 2024, which aligns with the anticipated cuts in interest rates for affordable housing loans.

Emerging infrastructure is also expected to push for the growth of new suburbs, prompting developers to deliver the best affordable housing projects in Hyderabad.

Despite economic fluctuations in the global market, India’s housing market showed remarkable momentum in 2023. This is likely to continue until the end of 2024, for the sustained growth of the real estate sector. Along with affordability,  health & safety, community living, and sustainability will be the key factors in home purchase decisions.

At TMR Group, we offer affordable plots to build the home of your dreams at various locations in Hyderabad. These open plots at the hotspots of development allow you to uncap a future full of growth and profitable returns. To know more about TMR Group projects in Hyderabad, visit https://tmrinfra.com/ 

TMR_BEST-CITY-TO-LIVE-IN

What makes Hyderabad the best Indian city to live in

admin Leave a comment

Yet again, the  Mercer’s Quality of Living report crowned Hyderabad as the best city to live in India. The global survey has upheld its many favourable attributes, including investments in economic and public infrastructure, the availability of a variety of consumables, medical supplies, and a large human resource pool, as factors that keep Hyderabad firmly glued to the top spot.

In this blog, let’s explore what makes Hyderabad best city to live in India.

  1. The USP: Affordability 

The capital city of Telangana is beautifully well-planned. The cost of living in Hyderabad is low, especially when compared to other metropolitans like Mumbai, Delhi or Bengaluru. Buying a commercial or residential property is easier and affordable here. This makes Hyderabad the first choice for employers and people alike. 

Be it sustainable and eco-friendly housing, plots or  luxury apartments Hyderabad has the best choices for every pocket size. Many residential projects and properties are available here, and you can easily find several options that suit your budget and choice of vicinity. 

  1. Best Public Infrastructure 

Hyderabad provides various choices in regards to commuting. It has effective and dependable public infrastructure for commutes, including a bus service, a train service, the metro rail network and an international airport. 

Aside from that, you can easily book an Ola or Uber, or take an autorickshaw which will take you anywhere in the area.

  1. Prospects for Career Growth

Smart city initiatives in Hyderabad have made it a promising IT centre, and also a popular educational and sporting destination.  From Google’s second-largest office outside of the US,  to the world – class Sai Gopichand National Badminton Academy, there’s everything in Hyderabad. 

The startup ecosystem and development of industries in Hyderabad has multiplied the prospects of employment, especially for IT employees. It has become a prominent tech centre and gained the moniker Cyberabad. Not just Google, other acclaimed companies like Apple, Meta, Qualcomm, Micron, Novartis, Medtronic, Uber, and Salesforce also have their second-largest campuses in Hyderabad. 

These businesses recruit people from all over the world and offer great opportunities for advancement for the local and migrant talent pool.

  1. Rich Culture

Hyderabad was the seat of the Nizams in Deccan. No doubt, this city is known for its heritage and famous monuments like Charminar, Chowmahalla Palace, The Falaknuma Palace, QutubShahi Tomb, and many minarets, tombs and fortresses.  Hyderabadi cuisine is absolutely a delight, one that foodies don’t want to miss out on.

Food in Hyderabad is culturally inspired by the Mughals, Arabs, Turkish,  and locals, resulting in a mash-up of distinct flavours. From India’s spice-rich Biryanis to classic continental cuisine, the city has more restaurants and food joints than you could explore. Rest assured, every meal is a special delicacy here!

Well developed infrastructure, public law and order, a growing healthcare sector, improved business opportunities and pleasant weather make Hyderabad quality of life the best in India. 

TMR Group offers the best investment properties Hyderabad. Our gated community plots at TMR Green Meadows, Chegunta are located close to the Regional Ring Road and Outer Ring Road and offer profitable prospects on investment. To know more about TMR Group Hyderabad projects, visit https://tmrinfra.com/ 

Turnaround in Hyderabad’s Real Estate!

admin Leave a comment

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

How is DTCP different from HMDA?

admin Leave a comment

You might have heard of these terms – DTCP & HMDA, everywhere whenever you encountered a real estate consultant. Why do they sound so similar? What’s the difference anyway? This blog will elaborate on the details as to why there are two distinct regulatory authorities overlooking the same field (pun, intended).

Let’s begin with knowing what they actually mean – DTCP stands for Directorate of Town and Country Planning, and HMDA stands for Hyderabad Metropolitan Development Authority.

Director of Town and Country Planning

The primary duties and functions of the Director of Town and Country Planning can be bifurcated into three categories – technical statutory functions, technical non-statutory functions and advisory functions.

Technical statutory functions:

  • DTCP prepares General Town Planning Schemes (Master Plans)
  • It is also responsible for the preparation of Indicative Land Use Plans (Mandal Master Plans)
  • DTCP gives all the technical approval of layouts and buildings plans (Group Housing), commercial complexes
  • DTCP is responsible for the preparation and approval of the different type of designs for community and public buildings
  • DTCP approves all sorts of technical clearance of installations (Industries), and road development plans
  • It provides NOC for cinema theatres / multiplexes

Technical non-statuary functions:

  • DTCP is responsible for the allocation of IDSMT funds. The scheme is no longer available as it was already closed in 2005 and the work of approved components are in progress.
  • DTCP sanctions approval of designs for public and community buildings and also suggest variations to the sanctioned master plans

Advisory functions:

DTCP is Advisor to Urban Development Authorities, Telangana Housing Board, Telangana Industrial Infrastructure Corporation, Telangana Pollution Control Board, Telangana Swagruha Housing Corporation and Government on planning matters. It also advises on the selection of sites and services of Municipal Councils.

DTCP overall has certain rules similar to HMDA. Now let’s have a look at the primary roles of HMDA.

Hyderabad Metropolitan Development Authority

The purpose behind which HMDA was set up was basically for planning, coordination, supervising, promoting and securing the planned development of the Hyderabad Metropolitan Region.

The development activities of the municipal corporations, municipalities and other local authorities, the Hyderabad Metropolitan Water Supply & Sewerage Board, the Telangana Transmission Corporation, the Telangana Industrial Infrastructure Corporation, the Telangana State Road Transport Corporation and other such bodies are coordinated by HMDA. Here are some of the many primary roles of the Hyderabad Metropolitan Development Authority.

  • HMDA basically prepares the entire plan for the Metropolitan city. It undertakes the preparation of metropolitan development and investment plan, revision of the plan and prioritizes its implementation.
  • It maintains and manages the Hyderabad Metropolitan Development Fund and allocate finances based on the plans and programmes of the local bodies for undertaking Development of amenities and infrastructure facilities
  • HMDA also monitors and exercises financial control over the budgetary allocations concerning development works made through it to the various public agencies, local bodies and other agencies
  • HMDA creates and manages the Hyderabad Metropolitan Land Development Bank and takes up land acquisition every year as may be necessary for various public uses, township development, infrastructure development, etc.
  • It approves the land acquisition programmes /proposals of the local authorities, other departments and functional agencies in the metropolitan region
  • HMDA acquires any movable or immovable property by purchase, exchange, gift, lease, mortgage, negotiated settlement, or by any other means permissible under any law

TMR Group is proud to have a wide range of plots in Hyderabad approved by both DTCP and HMDA so that our customers can invest in our property without any worries and strongly reinforce the trust factor in the customers. When they get to invest in a plot that gives them a sense of reliability and transparency that TMR Group has to offer, we get inspired to serve even better.

Source:

  1. http://dtcp.telangana.gov.in
  2. https://www.hmda.gov.in
Property Tours in today’s time

Property tours in today’s time

admin Leave a comment

A property tour is usually done for the purpose of visiting, inspecting, and assessing the property. Property tours help in assessing and authenticating a property in person. There are several benefits of doing a property tour before making a deal. It’s the first and foremost parameter for any kind of property buying and hence it should be considered every time you long for buying any residential or commercial property. In this blog, we are going to have a look at what really makes property tours so significant. 

Helps you compare

While buying any kind of residential or commercial property, one usually considers a variety of other options before locking any particular property. The highly competitive real estate market has a variety of options to offer in a given budget window. Hence, property tours help in assessing a property physically. The size, shape, material used, built and other such aspects can be thoroughly inspected in person when one decides to buy a property. 

Authenticity

A property tour also helps one authenticate the existence of a property at the promised location. It also helps the buyer to know the builder who is offering the property and also helps build a bond of trust between themselves. At times, things differ or are completely different than what is projected in the image or website. Having a property tour makes one eliminate all the doubts and also helps one compare every aspect that is being promised with a particular residential or commercial property. Doing a property tour also helps one see, register construction activity on the project site through which one can also measure or assess the pace, and other details of the project. Also, authenticity in terms of the project’s documentations, are quite necessary to evaluate while you are on a property tour.

Vibe/Vastu

You won’t wish for an awful entrance that leads you to a luxurious apartment. Doing a property tour helps you assess every element of the property thoroughly. The roads that lead you to your dream property, the location, the entrance gate of the property, accessibility, surroundings of the property, hurdles, and all such criterions can be rightly scrutinized when one longs to buy a new commercial or residential property. Apart from this, each location/property carries an aura, a vibe that makes you feel at ease or gives you that portion of solace that you would want to cherish for the rest of your lifetime. And to experience such an element, visiting a property in person or to say doing a property tour helps a lot. Call it vibe or vastu, people do believe in the energy that a particular place carries. If the individual believes to own a vastu-compliant project, making sure of it can only happen by visiting the property site personally. 

Virtual Reality (VR)

Since the outbreak of the pandemic, Virtual Reality (VR) has received an unprecedented response in the real estate industry. Technologies such as VR are helping developers tap their target audience online and make them experience the property through virtual walkthroughs and more. Property plans are created in 3D are mounted onto a technology platform that helps buyers access is it from any part of the world. Buyers are able to visit properties without even stepping out of their homes. However, VR has certain disadvantages when compared to property tours in physical. VR is developing at a never seen before pace but still has not been able to match what the real experience or real walkthroughs offer. Also, as said, experiencing the vibe of a place is not really possible through virtual reality technology. Attempts are being made to include a wholesome experience for such virtual tours and maybe in the future, these VR tours would get closer to what real property tours offer. 

At TMR Group, we make sure that every individual who visits our property ticks off all the parameters that help them make their buying process simpler. With a wide range of properties ranging from residential to commercial to gated community projects, when people visit TMR Group for property tours, they are in for a ride (pun intended).