Tag: Hyderabad

The rising demand for plots near suburban areas

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Owning a space that is away from the chaotic city life has been a dream for many. After COVID-19, this started to turn into a reality as work from home was a common sight. From offices to educational institutions, the world had virtually come closer which resulted in the demand for independent spaces. People started to move out from Tier-I cities to the suburbs or even smaller towns for spacious accommodation.

In Hyderabad, the value of plotted properties rose to 21 percent between 2018 and 2021, indicating a sharp increase in the demand for such properties.

Here are some of the reasons which have contributed to the increase in demand for plots in suburban areas.

Low population:

Most people prefer plotted development projects in city suburbs, as they have a low density population. They seek to live in a peaceful environment and hence make a switch to such parts of the city.

Flexibility in construction:

A piece of land offers the freedom to design the house in the way you like. It can help you express individuality and fit your way of life. Hence, the flexibility of construction is chosen over the restrictions in an apartment.

Affordable land rates: 

Low-priced plots in the outskirts of Hyderabad are a preferred option, as it allows a better scope for price appreciation. The increased land rates in the city have contributed to the affordability.

Quality of life:

The growing popularity of Hyderabad has contributed to the development in the real estate sector. With ample resources like water, land, electricity and the freedom to utilize them, the quality of life in the suburbs is preferred.

People have started flocking away from the hustle-bustle of the city towards the suburbs, where the peace and slow life is loved.

TMR Group ensures the best of tranquil living experience and vibrant city life.

To know more visit our website https://tmrinfra.com/

TMR: RERA & homebuyers: A long road ahead!

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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

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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

Hyderabad – an investment haven for NRI’s

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A Non-Residential Indian (NRI) is described as someone who is resident outside India with Indian citizenship or is of Indian Origin. The legal definition is explained under the Foreign Exchange Management Act 1999, “Someone who resides outside India for, employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period”. It also says that an individual will also be considered NRI if his/her stay in India has been less than 182 days during the preceding financial year.

Hyderabad as an Investment Hub

The Land of Nawabs has a 400-year-old history and culture and is one of the most rapidly growing modern cities in India. The overall infrastructure and connectivity have evolved exponentially over the past 10 years. Improvement in the framework of the city has made a noteworthy impact in the favor of real-estate developments making it an ideal spot for local and foreign investments.

The important factor to consider before making the investment is the fact that Hyderabad is the centre of upgraded residential infrastructure, less costly housing and upcoming possibilities in the housing and industrial sectors. Besides, Hyderabad is likewise celebrated for its wealthy culture, appropriate general of residing and happening, humming social life. Hyderabad is now acknowledged globally because of the heightened political balance and the authorities’ recognition at the development leading to big-leagues like Deloitte, Accenture, Wipro, Tech Mahindra, Infosys, Amazon, Apple, and so forth are simply among the few pan-India and global significant businesses which have their workplaces here.

NRI buyers are intrigued to invest in India, through a more simplified format of engagement along with trustworthy developers and properties that are registered under RERA.

Why NRI’s Prefer Investing in Hyderabad

As an NRI, making an investment in India, the transaction made is in INR or Indian Rupees. The price difference between the American Dollar and Pound Sterling is massive in comparison to Rupees, and if applied wisely, this may be used for your very own benefit.

This clearly offers an experience of delight to carry influx into the Indian economic system whilst making an investment in a belongings to help you earn sales in the foreseeable future. This may even assist to stabilize the Indian market, which in flip will assist your advantage price.


Many NRI’s are considering residing in India. They would really like to expand their profession with start-ups primarily based totally out of India or release their very own start-up and lots of them look forward to settling in Hyderabad, with their families.

NRIs can put money into actual property in India and may nevertheless control to shop tax like an everyday Indian resident. Tax deduction on domestic loans on precept compensation and hobby issue may be claimed with the aid of using the NRIs. Apart from this, for belongings bought after years from the date of purchase, earnings so earned at the capital advantage are exempted from the earnings tax.

TMR Group presents a plethora of opportunities for NRIs to invest in NA plots in and around Hyderabad with multiple projects that suit their needs. Be it for residential or commercial purpose, open plots by TMR Group in Hyderabad makes it an ideal choice. If you are an NRI and are looking to invest in the best plots in Hyderabad, your search ends here.

First Time Property Buyers’ Checklist

First Time Property Buyers’ Checklist

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Buying a property could be the one primary reason most people work and save for in the greater part of their lifetime. It provides the people with a sense of safety and stability. Most people are looking to buy properties these days instead of renting or leasing because the real-estate market is a constantly growing market, rebounding its way back from the hit it took due to the pandemic and also renting and leasing are for a short term and the return on investment isn’t as substantial in comparison to buying as the value of the property increases gradually.

Challenges faced by first time buyers

People consider renting over buying a property over a few reasons. Firstly, it gives them a feeling of having lower liabilities. Paying a rent of 10,000 to 12,000 for a property that costs around 50-60 Lakh seems to be much affordable than paying an EMI of around 25,000-30,000 per month for the same property. Basically, it all boils down to affordability of the project.

Buying a home was seen as a status symbol by those born in the duration of 1950s and 1980s. Millennials, on the other hand, consider saving that amount to fund their overseas trip, buying a new car or a flashy phone.

Before renting a property, a number of formalities must be taken into consideration such as depositing a security amount and signing an agreement with various clauses including increase of rent by a certain percentage after every year or depending on the owner. The concept of leasing and renting is only for limited period of time and considering how the pandemic impacted the tenants who moved away for the lockdown but still had to keep paying rent for all the months they were away and the rents have increased all over, whether it maybe commercial or residential. The commercial real-estate market was one of the worst struck markets as many projects that had to be paused due to the sudden pandemic resulted in cancellations of pre-existing deals all leading to heavy losses for the builders, hence the market is ready for new buyers and many builders have introduced interesting offers to indicate so.  

Tips for the First-time buyers

  • Decide the kind of property you are willing to buy
  • Decide and stick to a budget for the investment you are ready to make
  • Determine the location you want your property to be in
  • To choose between hiring real-estate agents and using different real-estate websites
  • Choose a reputed builder
  • Visit the project site for a tour to understand it better
  • Try and negotiate the price to your budget, if required
  • Get a thorough appraisal
  • Close the sale

 

At TMR Group, we offer a wide range of NA plots for you to choose from. These plots are equipped with state-of-the-art amenities and are located in a gated community which offer 24×7 security. The plots are also strategically located in prime destinations so that you get good returns on your investment. So, if you are a first-time buyer and need to shortlist on a property, TMR Group would be an ideal place to start.