Tag: Investing in Plots

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!

Why go for a brand name while investing in plots?

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Few decisions have the power to change everything about your life. One such decision is investing in real estate. No matter how small or large your investment might be, it most certainly changes the way you think and take decisions. Because you put in a big chunk of your savings into the investment, it is natural to experience stress and confusion because there’s pressure to get everything right about your investment. There are many ways you can minimize the unsettling feeling. The most effective method is to invest in projects from reputed builders of the market. Buying from reputed builders offers more benefits than you might think.

Benefits of Choosing a Reputed Brand

Branded developers have been thought leaders and transformed the real estate sector. From being an unorganized sector, engulfed with trust issues to being an organized, transparent, and customer-friendly, real estate today has come a long way. Government regulations like RERA have further streamlined the sector. Here are the benefits of choosing a reputed builder:

Transparent Procedures:

  • Branded real estate developers have a dedicated legal team that deals with all the documentation and financial transactions
  • Professional accountants subject them to external audits that keep them in check. Reputed builders, in fact, gain from keeping their process completely transparent.
  • With no hidden costs, the rates that they charge match the standard market rates for that location and minimize the probability of a fraud

Completely legal working:

  • There is little to no chance that a property developed by a brand name builder will ever come under legal dispute
  • Reputed builders choose legally clear land or rectify the legal disputes before they begin the development of their project 
  • They have proper documentation with all the clearances and sanctions from the respective governing bodies
  • A reputed builder will always stick with the submitted plans and will steer clear from any potential legal ramifications as their reputation of more worth to them

Easily Approved Home Loans:

  • Home loans get approved easily at the bank while buying from a reputed builder as they generally have tie-ups with banks that simplify the overall process
  • When nationalized banks are partnered with the builder, you can set your mind at rest, as banks avoid fraudulent businesses

Amenities and Accessibility:

  • The locations of the projects are strategically chosen to provide immediate access to all kinds of amenities in the package
  • There is everything to ensure that your family and possessions are safe. All essentials like water, electricity and security are provided 24×7
  • There is plenty of open spaces dedicated to leisure and social activities that help you unwind

Quality of Construction:

  • From the labour employed to the materials used in construction, reputed builders will always provide the best
  • A brand name builder would never compromise on the quality of service and infrastructure because that is precisely what defines them
  • Strict quality control measures are enforced at the site. The labour employed is skilled and efficient. Skilled engineers and professional architects are employed to oversee the construction.

On-time Delivery:

  • You can rely on the brand name builder to give you the tentative completion date. It also helps you prepare for the housewarming well in advance.
  • Even if there are delays caused by natural calamities, the builder has mitigation measures in place
  • They are also likely to have the funds to weather through the lull
  • They will do their best to deliver on time, and any anticipated delays will be informed in advance. 

At TMR Group, we have strict quality control measures in place to ensure excellent quality of construction and provide transparent procedures that are dedicated to serving you with utmost clarity. Our well-developed projects are strategically placed and our gated community plots in Hyderabad are best in class. Visit www.tmrinfra.com to know more about our projects and you can also schedule a site visit. Reach out to us, today!

Shadnagar: Reasons to invest in the flourishing location!

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Investments these days have become quite targeted. People are not 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 savings. This is all due to the uncertainty that COVID-19 brought along with itself. But things are much better now. Owing to the 100 crore vaccinations milestone that was recently crossed in India. Things have almost gone back to the way they were just before the pandemic arrived.

Hyderabad has transformed into an ever-growing city. Thanks to the large-scale developments in all sectors of the economy including IT and Pharma, The City of Nawabs indeed is in for a royal future. These colossal developments have created a tremendously strong and large job market which has attracted a lot of migrations from all over the country. 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.

Importance of Picking the Right Location

The key factor that decides the potential of the returns on your investment is the location in which you choose to own a property. Any prime location in the city has high rates even for an average property because prime locations in metropolitan cities have saturated their scope for development. If you are looking for an investment opportunity, your best bet would be locations on the outskirts of fully-developed cities. Development is a constantly moving phenomenon and it will reach neighbouring locales and towns, creating a goldmine of sorts. The rates will be considerably low and have the potential to multiply manifold once developed.

Reasons to Invest in Shadnagar

Shadnagar is an up-and-coming locality which approximately 50kms from Hyderabad. It is one of the most lucrative spots to invest in around Hyderabad. It has emerged as a new residential and commercial capital around Hyderabad with the world’s best infrastructural developments coming up in and around its surroundings. These major developments have improved the connectivity and infrastructure of Shadnagar. It is only a 30-minute drive away from the Rajiv Gandhi International Airport and is seamlessly connected to Hyderabad owing to the well-built Outer Ring Road. The surge of developments has created a strong job market which in turn has created a great demand for the properties around its surroundings. The rising demands have caused the real estate prices to surge as well. The rates will continue to appreciate owing to the rise thanks to the Govt projects and Industrial Zone and Pharma SEZ have been established in the vicinities of Shadnagar. All these factors have created a potential gold mine for investors to reap great profits from.

At TMR Group, find the best plots in Hyderabad. We have understood the potential of Shadnagar have built wonderful gated communities that are loaded with quality amenities and the project is very systematically built. We have thoughtfully placed our plots in Shadnagar as it shows promising potential to boost the return on investments by manifold. Visit www.tmrinfra.com to know more about our projects and schedule a site visit!

Property Buying: The festive season has begun!

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Despite the unexpected turn of events that COVID-19 brought along with the pandemic, the real estate sector has recovered quite well. As most people were locked in the comfort of their homes for their safety, they grew bored of the same old living spaces and bedrooms. There has been a significant rise in the demand for spacious homes and safer investment options.

Hyderabad has transpired on a global level owing to the large-scale developments that have evolved the city’s standards. The excellent social and physical infrastructure contains the growing population and the strong job market that has attracted several work-related migrations. Buying plots is the safest form of investment as it has low initial cost and risk factors and offers promising gradual returns. It is an asset that safeguards your future. Investing in the plots in Hyderabad and in towns around it is an excellent opportunity. The developments in the ever-growing city of Hyderabad boost the scope of development in the neighboring towns, opening up a potential gold mine. 

Investing in Plots During Festivals

Festivals are a joyous time where people get to celebrate togetherness, especially in India. India can also be called the land of festivals owing to a variety of festivals we celebrate over the year. Festivals are an auspicious time for investments. Buying homes or investing in land or gold is deemed prosperous and is believed to bring good luck for the future. As investing in real estate or buying a home is a life-changing decision, doing it during festivals brings a sense of positivity. Apart from festivals being an auspicious time, there are many advantages that buyers get while investing during festivals.

Benefits of Investing in Plots During Festivals

During the festive season, most developers understand the potential of this time and are likely to launch their dream projects as the festivals are considered auspicious to launch and as most people prefer buying properties during the festivals. The benefits of investing during the festive season are:

  • Most developers make additional efforts to attract investments during festive seasons. They plan out promotional offers to attract the attention of buyers. They release lucrative prices during the festive season for a limited period.
  • Banks also take the initiative of reducing the interest rate on home loans during festive seasons. Currently, the interest rates are at an all-time low.
  • Property prices are comparatively lower during festive times. In addition to this, the COVID-19 pandemic situation has led to a reduction in property prices.
  • There are more options of different price ranges available that the investors can flexibly choose from.
  • The demand for real estate properties has grown in this COVID-19 pandemic. Most people are planning to own a property. In addition to this, as most of the companies are providing work-from-home options, people are planning to extend their homes, shift to spacious homes, or invest their savings in plots.
  • The majority of the population in India constitutes working professionals and they get bonuses or mid-term appraisals during festive seasons like Diwali, Dussehra, making it the best time to invest easily.

At TMR Group, we offer great opportunities for prosperous investments. Our well-planned gated community plots in Hyderabad set high expectations and own up to them. The projects are strategically placed in locales with great potential for development and hence boost your ROIs. For any season, whether festive or rainy, TMR Group brings the most convenient and profitable options for you. Visit www.tmrinfra.com to know about us and our projects.