Tag: Maheshwaram

Hyderabad: The Top Destination for office real estate sector.

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The city of Hyderabad is known for beautiful pearl jewellery and aromatic Dum biryani, and in recent times the IT sector in the Hyderabad. No doubt, the investment in the IT sector has been a boon. For this place has become a hub for many job seekers. The constant encouragement for start-ups by initiatives like V-hub and T-hub has been a source of encouragement to young adults.

In the 1950s when the city started developing, industries such as DRDO, BHEL, HAL, and BEL paved their way for opportunities and expansion. By the 70s though, Pharma and electronic industries were established. However, the 90s experienced a change with a launch of IT industry. It is observed by experts that in the financial year 2023, Hyderabad may surpass Bengaluru in becoming the most preferred city for establishment of various companies.

Firms like Google, Apple, and Amazon have their biggest offices in the city. It is also home to thousands of startups across tech, space and pharmaceuticals. Interestingly, Hyderabad is also the Pharma capital of the country. Brands like Dr. Reddys, Aurobindo, Mankind Pharma Ltd. etc. all have their headquarters here.

The government has constantly undertaken initiatives to expand the city, by giving a boost to both real estate and start-ups. This has contributed to a hand-in-hand growth in development of Hyderabad.

The growth of industries in the city has also sparked interest in the area of development of the commercial estate. Developers are creating larger office spaces for multi-national companies and simultaneously establishing co-working spaces for start-ups, to cater to a large audience base.

According to recent reports on commercial estates, Hyderabad has offered the highest office spaces in India with accordance to 2022-2023. At the end of the quarter, it contributed a whooping 31% share in comparison to the other seven states.

It is also observed that Hyderabad’s real estate witnessed a growth of a massive 19 % growth in sales volume with over 8000+ units being sold in the first quarter of 2023.

Looking at the pace at which Hyderabad is growing, commercial and residential areas are having massive potential to expand especially in the regions that has companies established. At the same time, companies are emphasising on the work from office and hybrid working models. This has also in certain ways fuelled the demand for both commercial and residential real estate in the city.

The global recession has slowed down the growth of many industries across countries. But there’s no denying that the picture for real estate in Hyderabad was different.

An investment in land in Hyderabad, in areas like Medchal or Maheshwaram near the industrial belts of the city, will pay off generously in the future. TMR Green Meadows at Chegunta, 30 minutes away from Medchal and TMR Swiss County at Maheshwaram, mark the perfect investment opportunity for a thriving future.

To know more about TMR Group and our projects, visit https://tmrinfra.com/

The State of Affordable Housing Market in Telangana!

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The quest for a house in Hyderabad has pushed many white collared employees to the city’s outskirts recently. The local developers describe these outskirts and suburbs as “Hyderabad’s growing residential pocket.” These localities have many under-construction residential projects, which promise everything buyers like; spacious homes within desired ticket size, with a gym, multipurpose hall, club house, swimming pool, and the rest.

But these luxuries all come at a cost: The affordable housing section of Hyderabad, all are located at least 30 km away from the Hi-Tec City’s belt. Here’s why.

Developers have shifted their focus to bigger, luxurious homes; especially after the pandemic. They are only launching mega ventures which come with a base tag of around Rs 1.5 crore in the city centres.

With the pool of affordable homes shrinking rapidly, mid-segment buyers in metropolitans like Hyderabad, Pune, Bengaluru, and even Chennai are pushed to the periphery. This is a phenomenon labelled as the ‘Mumbai-fication’ of Indian cities  by industry experts.

According to a recent report released by market researchers, the share of affordable housing across the top seven Indian cities dropped to 20% during the first quarter of 2023. From the total 1.14 lakh units sold in this period, affordable housing comprised approximately 23000 units. This share was close to 40% a few years ago.

An annual proprietary study released in 2022 had also quoted Hyderabad as the most expensive city after Mumbai. The study noted that the home buying affordability level in the city has declined since 2021.

This leaves the IT and pharma professionals with average paychecks, with no other option but to opt for affordable homes. However, houses in the Rs 50 lakh-60 lakh bracket are at least 30-40 km away from city centres. Hence they are also often left in the dilemma to either commute for hours both ways or pay a fortune towards rent to stay in the city.

On a pan-India basis, affordability  of homes worsened marginally for the first time in 10 years in 2022. Affordability levels had improved even during the pandemic-impacted years of, as the government had aggressively cut policy rates to increase liquidity in the highly stressed economic environment.

Real- estate experts believe that once again the government can play an instrumental role in this. They believe that the solution to this disparity in the realty market lies in revising government policies. The need of the hour is for the state machinery to play the  role of a balancer, and not drive up land prices and make them unaffordable to people.

Despite the rise in home prices, home affordability has only marginally reduced in major cities of the country. The reduced affordability index has also been cushioned by a rise in incomes and growths in GDP. This augurs well for the industry and will help the residential market maintain its momentum.

Open plots in gated communities by TMR Group, with their Never Before Ever After Deals are the ideal investment in the peripheries of Hyderabad. While their location near NH-44 and Outer Ring Road allow easy, stress-free commute to the city, the developmental projects in the vicinity allow ample opportunities for growth. Why invest in apartments, when you can get open plots to build your dream home at the same rate?  Visit https://tmrinfra.com/ today for more details.

References:

https://timesofindia.indiatimes.com/business/india-business/what-happened-to-affordable-house-market/articleshow/99527553.cms?from=mdr
https://telanganatoday.com/buying-home-in-hyderabad-most-expensive-in-country-next-only-to-mumbai

Hyderabad: A hotspot for open plots!

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The demand for housing in Hyderabad stands witness to the growth of this city. With incentives and initiatives by the state of Telangana to boost the economy, the iconic city is now thriving as one of the biggest IT hubs in the country. Excellent standard of living across all parameters, opportunities for growth and secure investments has made it the choice of residence for young and old alike.

The major reasons behind the growth of the Hyderabad real estate market include infrastructure development projects undertaken by the Telangana state government and investor friendly policies. Several companies are expanding their operations in the city, including international giants like Amazon, Google, Microsoft and the rest. Several skilled professionals therefore are migrating to Hyderabad for better work opportunities and making this city their home. Hyderabad is today one of the top destinations for realty investments in the country.

A recent study has highlighted that southern cities are leading the demand for residential plots in the country. Notably, Hyderabad has witnessed the maximum price appreciation in plots.  The demand for plots and independent floors has significantly strengthened after the COVID-19 pandemic. Residential land is also believed to be a better investment option than buying a flat in apartment. Reports say that plots have generated higher capital returns in India. Experts say that one of the reasons for this demand could be the limited supply of plots in big cities because of paucity of large land parcels in the urban centres like Hyderabad.

Home buyers today are looking for either high configuration homes or private lands to build a home that’s customised to suit their needs. The continuance of Work From Home (WFH) policies and cultures and need for space is predicted to be one of the major driving forces for the same. A demand for plots has been in the range of 900 sq.ft to 1800 sq.ft has been noted. Other factors that have contributed to this demand include the reduction in premium charges and stamp duty in the real estate sector across states.

With the revival in the demand for plotted development, a number of well-known real estate developers have ventured into the plotting business. Unlike earlier decades, where owners of vast tracts of open land would plot their land and sell them as individual units, with several big developers joining the bandwagon, gated plot communities are booming in the business.

Medchal, Adibatla, Ghatkesar, Shankarpalli, Patancheru, Tukkuguda, Maheshwaram and Shadnagar are today amongst the top locations in Hyderabad for investments. The growth prospects in the vicinities of these regions have made them the hotspots for residential markets today.

Plots have undoubtedly become a go-to choice of investments in the post-pandemic real-estate marketplace. Additionally, a well-chosen land offers higher returns on investment when compared to apartments. With TMR Group gated communities you have multiple opportunities in this city of prospects to grow. Our plots in the lands of future opportunities make the ideal investment for a secure future for you and your family. Become a part of our gated communities across the state with a blockbuster discount this Sravana Masam across all our projects in Hyderabad. To know more about this offer, and other projects, visit https://www.tmrinfra.com/

Need for real estate appraisal!

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An appraisal is necessary for every segment of businesses. It’s quite like an inspiration that boosts the performance with upgrades. Without appraisals, the performance would continue to be stagnant, substandard or below average. Productivity would take a hit and efficiency would go for a toss. As applicable as it sounds to employees in every industry, it is equally applicable to real estate markets too. This article talks about why the appraisal for the real estate markets is needed and how can one appraise their property.

Understanding Real Estate Appraisal

Firstly, it is important to understand the basic definition of real estate (or home) appraisal. It is an impartial expert opinion of the value of a home or a property and is used whenever a mortgage is involved in buying, refinancing, or selling that property. These kinds of appraisals are mostly used in purchase-and-sale transactions and can be commonly seen in most refinance transactions.

An appraisal in the purchase-and-sale transaction is used to ascertain the appropriateness of the home’s contract price in terms of the property condition, location, and features. When it comes to a refinance transaction, the lender is assured by the appraisal that the borrower gets money that’s appropriate to the home’s worth.

Agent vs. Appraiser

There might be a lot of us who think they are one and the same and they share the same job description, but they are indeed very different from one another.

A professional property appraiser is expected to act independently and unbiased from the buyers and sellers of the property involved in the transaction. An appraiser determines the market value of the property based on observations, relevant market facts & figures, and other information.

On the other hand, a real estate agent favours the seller (real estate developers, predominantly) to sell their properties at an incentivized rate. The incentives are further shared in the form of commission, sale value, and other variables.

Contents of an Appraisal Report

Now that we know what real estate appraisal is, and who is an appraiser, let’s take a look at what goes into making an appraisal report.

  1. A location map that shows the appraised property and comparable sales used
  2. A blueprint sketch of the exterior building
  3. A logical explanation of how the sq.ft was calculated
  4. Photographs or architectural renditions of the home’s frontier part, posterior, and surroundings
  5. Photographs of the property’s front exterior of each comparable property used
  6. Annexures including other relevant information such as market sales data, public land records, and public tax records, any data that the real estate appraiser would require to determine the property’s fair market value

At TMR Group, we believe that every project we deliver to our customers provides them with the potential for great returns. With the 50 acres of gated community at TMR Green Meadows, Chegunta, we have completely sold out our first phase. With Proposed Regional Ring Road just a few minutes away, TMR Green Meadows is now open for booking for its second phase. If you wish to know more about our project, please visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html

Conveyance Deed, explained!

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While owning a property, there are a plethora of documents that need to be taken care of. It is the burden of such tedious documentation processes that irks most property buyers. Regardless of the time taken to process these documents, they are indeed crucial elements that make the entire experience of buying a property wholesome. This article would dwell deep into one such article that’s meant to be quite an important one – conveyance deed. We would understand all that we need to know about this property document.

Conveyance Deed 101

Understanding what Conveyance Deed is, the definition of the term states that it is a legal document between a person transferring the property and the one in whose name the property is being transferred. This deed indicates that the property’s title or ownership has been successfully transferred from one person to another.

A Conveyance Deed is indeed an essential document to ascertain that the property is free from any type of restrictions and/or disputes. In case of any disputes relating to the agreement, this document can prove to be handy in court, as it carries the official signatures of both parties. So, now that we know what a conveyance deed is, let’s turn the page and look at its contents.

Inside the Conveyance Deed

The contents of the deed are clear as day and they are as follows:

  • The deed contains all the details regarding the distinction and division of the property with actual demarcations of the concerned property
  • It has all the basic information related to both the parties such as name, age, addresses and other related details
  • Most importantly, the deed bears the signatures of both the parties involved
  • Following the signatures, the deed contains all the relevant terms and conditions related to the transfer of the property
  • The deed also entails the method by which the property would be delivered to the buyer (post, email, courier, etc.)
  • In the deed, the chain of title is registered in a clear-clear way
  • Another important aspect of the document is the sale deed which indicates the sale of any property
  • The deed also contains other applicable transfers of ownership rights, which are also clearly mentioned
  • Now that we know what goes into making the Conveyance Deed, let’s understand why it is so important.

Significance of Conveyance Deed

Though it is not talked about much in our daily conversations, the conveyance deed is quite a significant document that can save big bucks and lives in a way. This deed is legally documented proof that affirms the transfer of the ownership rights of the property to the buyer. A conveyance deed is a strong piece of evidence in case of disputes as it has all the terms and conditions clearly marked and stated. The deed holds a tough position when it comes to certifying that the concerned property is free from any dispute.

At TMR Group, our team of experts provides you with a hassle-free documentation service so that you do not have to go through the problem of tedious processes. With Phase-I already sold out at the 50 acres of a gated community at TMR Green Meadows, Phase-II bookings are open. You can book your plot today and we’ll ensure that the process is going to be really smooth. If you wish to know more about the project, please visit www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html