Tag: land investment.

Why own a plot in a gated community

Why own a plot in a gated community?

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Owning a plot is a big decision to make because we put a major chunk of our investment into it. Everyone who buys a plot definitely looks out for higher returns on any given day. Putting all these aspects under the microscope of an Indian family, the decision gets even bigger and meticulous because there are too many people in a family who influence this single decision. If it is a joint family, the process is further multiplied. Nevertheless, when the entire family decides to own a plot in a gated community as against buying an individual plot, here’s what a gated community can offer you.

HASSLE-FREE DOCUMENTATION

When you own a plot in a gated community, the best part of the whole buying process is that your documentation process is hassle-free. There are real estate consultants who help you out with all the legal terms and intricacies of the process and inform you about all the required documents. With the digitization of most of the document requirements, the process is furthermore made effortless.

YOUR INVESTMENT IS SAFE & SECURE

When you own a plot that is not in a gated community, which is individually lying somewhere on the outskirts of the city or hidden somewhere in the city, there’s comparatively a risk of encroachment. That’s yet another reason why most people opt for gated community plots. When the plot has 24×7 security systems in place, there is no risk or worry of your plot being encroached or manhandled. With the advancement of technology, there are CCTV cameras installed these days for round-the-clock surveillance.

YOU GET TO EXPERIENCE COMMUNITY LIVING

Owning a plot in a gated community has its own advantages which we are clearly stating here. Another reason why this would be a wise decision is that you and your loved ones would get to experience an integrated lifestyle. With many like-minded people owning a plot in the same township as yours, the overall experience of living close to people you like and places you love gives you a different kind of positive vibe altogether.

TRUST OF THE BRAND

There are many factors why you would choose a particular brand to own a plot in a gated community. First and foremost is trust. As mentioned earlier; with an investment of such a huge amount, you would definitely look out for someone who is trustworthy, reliable and committed to helping you. When a brand, with extensive experience in the real estate and plotting market, makes a promise that fulfills all your needs, you would certainly choose the brand and not any untitled broker. When the brand offers you clear title NA plots, you have entrusted your faith in the right place.

At TMR Group, we ensure that every customer who owns a plot in our gated community projects, gets to experience all that we have to offer. Be it for our value for money deals, or transparency in every transaction we make, TMR Group presents you with a plethora of gated community plots spread across prominent destinations at Hyderabad.

All you need to know about plots

All you need to know about plots

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When it comes to buying a plot in India, the formalities and the rules and regulations are aplenty. India is a land (quite literally) predominantly of farmers and businessmen or farmers-turned-businessmen, and rarely the vice-versa is true. Therefore, the need to grow from a regular agricultural land is quite normal. In this blog, we would speak in detail about different kinds of plots and how they fare in today’s market.

Agricultural Plots

Also known as farm plots or open land, these land parcels are used exclusively for agricultural activities. Agriculture, being the major contributor to the Indian economy, the amount of agricultural land available in our country is humungous. Keeping the controversies aside, the recent farmer’s protests might have also brushed up our knowledge in this particular area.

There are certain dos and don’ts when it comes to buying or selling agricultural lands. You are prohibited to develop residential or commercial projects in that plot. You are not allowed to sell it to anyone who is not a farmer. If you intend to sell it to someone who isn’t a farmer, you must put your land up for N.A. (Non-Agricultural) conversion and then once the conversion is done you may sell it to anyone. This brings us to the next kind of plot.

NA Plots

Just as the previous sentence said, NA refers to Non-Agricultural land and these plots can be used for residential or commercial purposes. By default, every land in India is defined as “Agricultural Land” unless until it is defined by some other purpose. In case the land is defined as NA, it’s not just for residential purposes. It can be classified further into these categories –

NA – Commercial

NA – Warehouses

NA – Resort

NA – IT

NA – Residential

Caveat emptor: Many real estate builders use deceptive terms such as “Proposed NA” to lure buyers into a honey trap. There are quite a number of cases where the land has taken more than 10 years to get the NA status.  Let’s dive deep into the NA – Residential plots as there are many other categories where the land can be divided.

Residential Plots: These plots are unique for those who wish to build an independent home as per their taste.

Apartments: The real estate builders who wish to construct a cluster of the housing complex usually in high-rise or low-rise buildings can choose this category.

Villas/Row Houses/Bungalows: These residential plots come under the premium category as they are spacious and luxurious projects available at a higher rate than the usual because of space, location, etc.

Builder Floor: This allows a person to own an entire floor for independent living. These kind of spaces cost a bit higher than apartment floors and a bit cheaper than the bungalow plots.

With a legacy of more than 15 years in plotting, TMR Group has become a renowned brand in and around the region of Hyderabad. The brand offers clear title agricultural and NA plots for everyone in the country and even overseas to invest, make a living and progress with prosperity. The gated community projects ensure that your plots are safe and secure and you do not have to worry about their maintenance for at least a decade. That’s the TMR promise.

Shaping the future & the landscape of Hyderabad

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Hyderabad as a city is progressing with numerous residential and commercial projects mushrooming in the vicinity. While the rest of India is seeing a QoQ growth of 84% in the sale of residential sector, Hyderabad is the leader on the board in new launches with a staggering rise of 480% QoQ. We can very well say that Hyderabad is shaping up its future along with the landscape of the historic city. Here are a few of the major developments happening in and around Hyderabad.

Construction of Musi River Expressway

In order to restore and give a face-lift to Musi, the Musi Riverfront Development Corporation Ltd (MRDCL) is setting up rain gardens, removing shrubs to reduce the mosquito menace, and clearing silt from the riverbed for a free flow of water from Bapughat to Nagole Bridge. The beautification of 40 lakes in GHMC and HMDA limits were carried out at a cost of `541 crore in Phase I. In the later stages, the project is bound to cover 185 lakes.

Extension of the Metro Rail

The Hyderabad Metro Corridor II, connecting Hyderabad and Secunderabad encompasses a total of 9 junctions, spanning across 11 kilometers. This corridor from Jubilee Bus Station to Mahatma Gandhi Bus Station will cut down on the travel time to about 16 minutes as compared to road travel that takes 45 minutes for daily commuters to cover. It will also stand as a crucial junction linking the existing Metro I (Miyapur-Ameerpet of 13 km) & Metro III (Ameerpet-Nagole of 17 km) corridors.

The Hyderabad Metro Rail which is the world’s largest Public-Private Partnership (PPP) in the arena of metro rail, is a landmark project in India that currently witnesses about 4,00,000 daily commuters on an average.

Construction of subways and underpasses

Hyderabad is on the cusp of major transformation as the city gears up to build subways and underpasses in major locations to decongest city traffic. 52 major junctions in the city were identified to develop as signal-free junctions. The said works worth over `3,000 crore were being taken up in the limits of Greater Hyderabad Municipal Corporation under the Strategic Road Development Plan. 

Also, the Government of Telangana has undertaken the Radial Ring Road (RRR) project with an aim to provide better connectivity and plans to extend the existing Ring Roads (Inner/Outer) to 4/6 lanes. 

The proposed 159 km long Outer Ring Road project is said to decongest the traffic snarls around the cities and cover towns such as Patancheru – Shamshabad – Hayathnagar – Medchal – Patancheru. The ORR will also link other National Highways, State Highways, Major District Roads (MDR) and other roads. The Government of Telangana has initiated a new department called Hyderabad Growth Corridor Ltd. (HGCL) to execute and supervise this project.

At TMR Group, we look forward to such developments as it boosts the real estate business in Hyderabad. With our clear title NA plots situated in most of the strategic locations around these developments, the investors and buyers are certainly in for an enormously progressive journey ahead.

Why is Property Insurance so important?

Why is Property Insurance so important?

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Your home is your cherished dream. You are totally invested in it, emotionally as well as financially. It is but obvious that this precious dream should be protected.

Property is a high-cost and a high-involvement purchase. Any natural calamity or catastrophic devastation such as an earthquake or a fire can destroy that asset. It can become a target of some socio-political turmoils as well. Hence, in order to protect it from such unforeseen occurrences, wise investors always ensure the security of their property with insurance.

What is property insurance?

A typical insurance plan covers for the loss and damage caused by a fire accident, theft, allied damage, or burglary. Also, you get various plans including landlord’s insurance, tenants’ insurance, content insurance, buildings insurance, etc. Lets’ explore why property insurance is so important.

There are many reliable insurance companies that offer a wide range of features and benefits to their insurance plans. These include discounts, customized options, or extra coverage.

Importance of Property Insurance

Property insurance has a number of benefits. So use your foresight and common sense and avail of this security that will save your trouble in the future.

It covers temporary living expenses

When your insured property is damaged you need to live in another house till it is repaired. The insurance covers the expenses you need for this living period.

It covers loss or damage of assets

In addition to your house structure, the insurance companies also offer coverage against loss or damage of your personal belongings or valuable assets such as jewelry, household appliances, clothing, furniture, and more.

It facilitates easy loan approval

Some financial institutions and banks give fast loan approval to those applicants who have their property insured. It is even in the eligibility criteria of some banks. So having your property insured is helpful in quicker loan sanction.

So if you are thinking of buying a property, make it a point to insure it. For your investment purpose, have a look at the property opportunities by TMR, a trusted name in real estate.

Home Loan Benefits for Women in India

Home Loan Benefits for Women in India

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Indian women have expanded their horizons. They are exceling in various fields. They are setting benchmarks, inspiring people and dreaming big. The financially independent women are taking decisions for themselves and their families.

Indian women have already known as great home makers. Now they have become home buyers too, in large numbers. Considering this home loan lenders have created attractive schemes especially for women with specific benefits. Let’s have a look at them.

Lower interest rates

Interest rates for women’s loans are lower. It is a great benefit that lowers the Equated Monthly Instalments (EMIs) and saves money over the tenure of the loan.  Many banks and lending institutions offer a concession of 0.05% to 1.00% on home loan for women.

Lower Stamp Duty

Stamp duty is the state government’s tax on the property during its sale or transfer. Generally the Stamp Duty is from 4% to 10% of the property cost. Many state governments have 1% to 2% lower stamp duty for women buyers, in solo or joint ownership.

Tax Benefits

Taxpaying women are eligible to claim home loan tax deductions under Section 80C of the Income Tax Act, 1961 and under Section 24(b) of the Income Tax Act, 1961. In addition, there are other additional tax deductions that benefit women home buyers.

Benefits as Co-borrowers

Women can apply as co-borrowers with their spouses. The combined income of the couple endures higher loan eligibility. It allows the couple to select the home of their choice. They can avail tax benefits as well.

Quick Loan Approval

Data analytics has proven that women have higher loan repayment rates. So a woman’s chances of loan approval are higher. More and more women are also encouraged to be home owners so as to become self-sufficient and financially empowered.

Land is a very stable investment option that appreciates steadily but surely. It proves to be a good long term investment for women. TMR has excellent plot schemes at premium locations. With loan benefits and appreciation guarantee, women are sure to enjoy this double benefit and get rewarding returns. So are you ready to take the plunge?