Tag: land investment.

The importance of legal documentation while buying plots

THE IMPORTANCE OF LEGAL DOCUMENTATION WHILE BUYING PLOTS

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Imagine waking up to the sounds of birds chirping as gentle rays of the sun brighten your cozy little garden. You sit with your family enjoying a morning breakfast in your very own sit-out. All of this is possible only when you own a plot, and that’s why it is often considered a dream investment. Buying a plot is also an emotional investment. Owning a piece of land has several long term benefits from a returns perspective. But at the same time, buying a plot of land calls for a higher degree of precaution as the legal documentation is a little different from that of buying a residential property. This increases the risk of duplicity and in some cases, even fraud. The best way to safeguard oneself against such unfortunate occurrences is the ‘7/12 extract’. It is document that provides complete information about a land property including details like:

  • Name of the owner
  • Survey number of the land
  • Size of the land
  • Type of the land – N/A or not
  • Location of the land with respect to infrastructure facilities like water bodies and roads
  • Loan extended to the land owner

The 7/12 extract is important because it serves as a proof of the land title. It can be used to check any previous conflicts associated with the property. Buying a plot from a reliable plotting project developer instead of an individual is more advisable as it simplifies the process and smoothens out the hassles. In case you are buying a plot from an individual, it is important to check if the property is free from any litigation or not. Even in such cases, the ‘7/12 extract’ comes handy as the Court may require the land record proofs in case of any civil litigation and the document is also useful for sale transaction at Sub-registrar’s office. The document can be availed from the revenue department of the government against a nominal fee. In case of mutation (transfer of ownership) the document is to be submitted with the name of the new owner. Transfer of property title is done through sale deed.

In addition, if the owner wants to raise a loan from the bank, 7/12 extract is essential. Thus from a buyer’s perspective, it is imperative to scrutinize the documentation with a fine-toothed comb to avoid any hassles at later stages. Another factor is the availability of good infrastructure and easy accessibility. Buying a plot within a plotting project gives you the benefit of well planned basic infrastructure such as paved roads, electricity and recreational amenities as well. Even a large plot bought cheap would be difficult to develop and live in if these basic requirements are not fulfilled. Buying a plot that is RERA Approved or HDMA Approved where applicable, usually solves your basic governmental clearance issues. When it comes to certain parts of Hyderabad, having a DTCP approved layout is always preferred as it comes with a host of infrastructural advantages. That’s why you should always go for a plotting project that offers both RERA Approved plots and a DTCP Approved Layout.

If you are looking forward to invest in land in Hyderabad & Telangana, TMR Group can help you achieve your goals of prosperity with the best plotting projects. Rooted in 16 years of trust, transparency and ultimate customer satisfaction, our projects have helped our ever-growing customer base enjoy amazing returns on affordable investment. With RERA & HDMA Approved projects featuring DTCP Approved Layout, our fully clear title plots at prime locations in Hyderabad & Telangana are your opportunity to rise with your land, your prosperity.

Essential financial tips to know before investing in land for sale

Essential financial tips to know before investing in land for sale

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Your own space is a legacy of happiness, culture, origin, comfort and lifetime memories! Raw land provides great development opportunities and often gives an overwhelming feeling of ownership! Being a limited resource among all, plot lands are flying high in demand. Construction of your home can be similar to crafting a masterpiece of art. The tactics and proportion of shades, tone & strokes should always be balanced and on point. Similarly, in the homebuilding process, the quality of land, location, materials, and amenities should come together in a balance to create an appropriate home.

Investment in the plot is always called a big win in terms of returns. The land is the only resource that is continuously increasing its valuation. Buying land may sound very simple and straight forward, but the process is far more complex; after all it is a process of crafting dreams. The journey starts from the selection of area, district, neighborhood, where you want to settle down and rise to your dreams! During homebuilding, one must always keep a check on the budget which sometimes tends to grow too! As one of the most flexible investment deal, plot land always brings great returns at very less cost. Here are some questions which a person should ask themselves before endowing capital on land investment.

Where do you want to buy your plot?

India is well known for its diversity in ethnicity, race, places, languages, places, and climate. Highlands in the north give the courage of limit-pushing development, whereas coastal areas of the south will paint your soul with the color of freshness i.e. Green. In Indian real estate, the market is quite broad & full of opportunities. The real estate market possesses an excellent amalgamation of urban locale and soothing surroundings. Due to overpopulation and massive urbanization, the crowds are shifting towards the suburbs of every city. Consequently, the small cities are coming under consideration for commercial and residential investment on a very large scale (like Amazon office at Hyderabad).

What type of land can you buy?  

Some loans are specially designed to purchase a plot of land for residential purposes. Different banks impose different terms and conditions regarding the purchase of the property and construction of the home. Some will ask you to purchase a plot in an area that is DTCP & RERA approved or not. Whereas, some banks might ask you to start construction of the home within a few months of the purchase of the property. Try to be very clear with your ‘5 Ws and 1 H’, make a round figure estimation and stick to it!

Does it suit your requirements?

Various factors can influence your decision of building a house on residential plot land. The increasing cost of construction is one of the most important factors among these. In comparison to other real estate investments, putting your money in a plot and building a house can at times be less expensive. The land is a long-lasting asset, and unlike other residential options its value rarely depreciates. Also, as per your convenience, you can pace the construction to suit your financial and economic constraints. Building your home by yourself enables the owner to make as many changes as he/she wants and implement his/her creative ideas to design the home. Besides, it also allows you to postpone the major expenses, improvements, and expansion for a shorter or longer duration.

What documents are required for loan processing? 

While borrowing the loan to purchase a plot in the plotting project, you are supposed to submit a few important legal documents associated with the plot, and verify the layout drawing of the site as approved by the town planning authority of the land. Other property documents include original documents regarding the ownership of land, revenue receipts, land records and tax receipts of the property. Take a deep look at these points and make sure that the documents are not expired or fraudulent. 

So getting the right financing for your dream space is just a small part of the whole process yet plays a very important role in homebuilding. TMR Group is always ready to accompany you in the mesmerizing journey of owning living space in the bustling locations of Hyderabad. Being one of the renowned names in the real estate industry of Hyderabad, TMR Group has successfully revamped the face of plot land in Hyderabad, by developing excellent gated communities. Buy clear title plots in the booming locations of Hyderabad only with TMR!

5 things to remember while purchasing plot

5 things to remember while purchasing a plot

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It is said that creation always retains certain characteristics of its creator. This applies to each one of us and not just great masters like Michelangelo and Picasso.  So our every creation no matter how trivial, recites a story behind its making. Now when it comes to building a home or owning land, your property should speak out not just your aesthetics, but you ethos as well. That’s why prior planning is preferable when you are about to invest in land.

Building home is a journey of who you are, what you want, how you want to live and where you want to be. Investing in land is a big decision to make and a clear vision can help in making it possible. The house and its interior should reflect your personalities, desires, behaviors through every impression. Moreover, it is a process of closely watching the transformation of dreams into a concrete figure of aspiration. So in home building or investing in residential properties, the goal setting is a big requirement that should satisfy both – your left and right brain as well!

At their core, all deals of real estate and even decisions like buying plots are made with the vision of returns. Plot purchasing and investment in land is known to ensure heavy value appreciation.

Here are the 5 things to remember while purchasing a plot for sale.

1. Set goals. 

Before taking any big decision, you need to ask yourself many questions yourself regarding investment in the plot for sale. Why, where, and what will this cost, is it within your budget? Keep a backup plan ready! After calculating and comparing all the parameters find an ideal plotting project for yourself. Constructing a new home for yourself is all about setting goals and taking the steps to achieve those goals. 

2. Draw out a budget pattern- 

Setting up a budget is the first thing, as it is the ultimate responsibility to take care of. While making your budget, of course, you’ll begin with what you can afford, and how the cost of your house fits in with your overall plans for the future. When you’re ready to get down to details, include everything like the cost of land, local fees and taxes, design and engineering fees, construction of not just the home but the landscape, plus furniture and decorating.

3. Investment in land with good infrastructure:- 

After all, space on its own is not enough to lead a good life; to make a space more sustainable we require services like electricity, water supply, and basic infrastructure facilities so that there won’t be any problem while staying.

4. Assemble a team. 

Never go simply by recommendation, hire your own trusted experts. It is the largest investment of your life so cross-check with the market professionals for logistics. An architect and a lawyer are going to be your most important team members. These people will act as a guide, therapist, advocate, and counselor throughout the journey.

5. Enjoy the experience!

 It is your place to be creative so plan something that can add value to your life for generations. Decide the color of paint, the study area and its distance from the drawing and dining room. Your villa is a physical manifestation of your cherished aspirations. TMR, one of the most trusted names in the real estate industry of Hyderabad, helps to make it true! Widely recognized for converting barren land into the best gated communities of Hyderabad with clear title plots and transparent documentation, TMR strives to make your life happy and flourishing by offering minimum investment and maximum returns! Buy RERA approved plots in the buzzing peripheries of Hyderabad, and begin your investment journey of prosperity!

How a renowned plot developer can make your life investment fruitful

How a renowned plot developer can make your life investment fruitful?

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Investment is a crucial decision to make; the decision possesses not only a big amount of hard-earned capital, but the value of forthcoming life, which could be used in various collaterals. Real estate industry is the most sought after investment opportunity and one which eventually produces desirable returns. Investing in land is always the safest option to convert your capital into the landscape of appreciation. The land is considered as gold these days because it is a scarce commodity, and again no one is producing land so the value always appreciates after investment. With the growing development lot of people are engaged in investing in lands. When it comes to deals of real estate, plots are among the best investment options. 

A plot does not mean a piece of land surrounded by brick barriers. Plots are the investment made with a vision of building a home on that place, so unplanned and un-equipped plot lands are capable enough to ruin our house building dreams. Real estate sector investment is widely considered as a risky affair, due to the encountered cases of disputed lands, pitfalls, residing structure, and lack of facilities.

Indian economy is at the crossroads of tapering inflation down, and it is being observed that a high population is migrating to the metropolitan cities for employment and educational opportunities. The shift in the dynamics of economic results is opening the doors for various sectors and real estate is one of them. An increase in population will eventually lead to the growth of property buying, so while buying one should take certain measures about the authentication of their investment, which is made with the aim of a secure future.

Is the land on the name of the builder?

The case of fraud in land investments is not unknown to us, many builders either buy the entire land from the previous owner or enter into a joint agreement with the owners to sell or develop the land and sell the plot scheme. With the help of legal advisors (ignore all the recommendations), make sure that your part is clear and never rely on anyone, only self-analysis of land and its papers could be of major help to protect your property.

Look for “NA – Residential” Plot

As a buyer, you should have the clear idea about the usage of the property, undoubtedly plot is quiet flexible assets in these terms, but ensure that the selection of land should be on your terms of livability and preferences. Check whether the plot of land you are planning to buy is “NA-Residential” or not. Ask them for a copy of that. Conversion of land is a lengthy process, try to keep yourself out of it.

FSI for the plot?

There are certain rules on every piece of land which make up the Floor space index. FSI simply means how much construction can be done on a piece of land and significantly depends on the location of the plot.

Make a proper check on Sale Agreement

You will often hear about the “agreement to sell” which is executed when reserving the plot and clearing your initial payments. Having pre-approved and well-checked documentation can let go of half of your problems. So never hesitate to check again and again, because transparency is the key! Search the RERA numbers and whether your plot is DTCP approved or not.

Always ask certain questions about basic amenities like:

1. What about Electricity?

2. Are they going to arrange for an individual electricity meter?

3. How much are they charging for it?

4. If the plot/land is too much away from the main road, then what about the access road?

5. What about the fencing of plots?

6. What about security?

Here are some steps which everyone must follow while investing in Land.

> Make more than two visits to the plot 

> Check the nearby development yourself

> Talk to people nearby the properties 

> Search online about the plot scheme or the area of land

It is advisable to buy land from a renowned plot developer, as the master of this industry, they can always help you grab the best real estate deal. TMR Group offers the best residential plots with extraordinary infrastructural facilities and transparent documentation within budget. Buy RERA approved plots for sale at the serene locations of Hyderabad with TMR! 

How physical factors are important in real estate valuation?

How physical factors are important in real estate valuation?

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Location is the most fascinating factor in all sectors. We may call it in different names like Destination, Goal, etc. but one thing is certain – location is the element that aspire us to go on and on! Whether it is going for a small picnic or settling down in a new place, each process is always influenced by one deciding factor i.e. Location! The word “location” is used over and over again in the discussions over real estate markets. It continues to be relevant because the location is ultimately the factor that brings value to the piece of land. For example, a super lavish 3 BHK in an isolated, underdeveloped area may even cost less than a 1 BHK in an ultra-prime locality! Location contributes significantly to the market demand and makes real estate assets unique. 

Due to current industrial, ITs, MNCs, big brand settlements and real estate developments, Hyderabad tops the list of desirable investment areas. Hyderabad real estate industry is the flag bearer of the southern real estate market which possesses good residential and commercial lands, and promises great returns! Real estate in Hyderabad offers the most lucrative plots for sale and being the gateway of the south, Hyderabad offer opportunities like the availability of clear title plots near the airport, which is a big win for investors. The well-connected lands will always be in demand. 

Read on to know the physical factors that are important to know before investing in the real estate market:

Natural geographic boundaries –

The properties have geographic boundaries such as rivers, lakes, and oceans. While these natural boundaries limit the availability of land for development, sometimes they can also add value to neighboring properties if utilized appropriately. The boundaries define the limits of the land and value of the property if any calamities occurred.

Availability of amenities and infrastructure facilities –

Availability of amenities and infrastructural facilities is the basic necessity of every space, especially when it comes to residential plots, these are the basic requirements that every land for sale should possess. The availability of social infrastructure around the plot is the most important aspect as it enhances the property value. Plots which have a well-established social infrastructure with proper healthcare centers, schools, markets, and other necessities play a major role in the lifestyle of the consumers. A good inspection of the locality can fetch you a great deal. All you need to do is analyze, explore and then invest. 

Transportation facilities– 

The proximity to the mainline and availability of public transport facilities can easily give the idea of the land and its surroundings. TMR Group not only provides plot land for sale but presents a cherished way of living as the plots are located in the most fascinating areas nearby Regional Ring Road. The Bus and Railway stations are also easily accessible. Several plotting projects connect you effortlessly through the NH-7 Hyderabad – Bangalore Bypass Highway and the Outer Ring Road (ORR), with 290 km Peripheral Ring Road also under process. TMR offers exceptional plotting projects near the Airport of Hyderabad.

While investing in the real estate market, the consumers should be flexible yet clever enough to dig out the diamond from the coal. A plot doesn’t mean just a piece of land in any area. It should be well-equipped and connected, giving you the feel of a home-like experience. Reserve a plot by investing a minimum amount and get maximum returns in the bustling locations of Hyderabad with TMR!