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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

Adding Real Estate to your Investment Portfolio

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Investment these days has become more like a game that kids play on their smartphones. The plethora of apps telling the audience that ‘this market is for everybody’ are really diluting the significance and the gravitas of investment as a concept. Investment is indeed meant for everyone, but the way we put it across to the right kind of audience is what attracts those who are really interested. This article emphasizes the importance of considering real estate as a source of investment in your portfolio apart from stock, bullions, mutual funds and other options.

Reaching the Higher Grounds at Hyderabad

Ever since the new state of Telangana has been formed, Hyderabad has put the real estate investment business on the global map. With the growing popularity of the Proposed Regional Ring Road which is one of the second-most expensive housing markets in India, Hyderabad is surely gearing up for some big leagues. The average price per sq.ft of housing projects in Hyderabad currently stands somewhere between INR 5,900 to 6,100; that’s approximately a 7% jump from the last quarter in 2021.

In a recent auction held by HMDA (Hyderabad Metropolitan Development Authority), they divided approximately 600 square yards, more than 150 square yards, and 300 square yards in order to make the plots affordable to the middle-class people. The auction took place in Bahadurpally, Thorrur, Narketpally (Nalgonda), Bhoothpur (Mahbubnagar), and Gadwal (Jogulamba-Gadwal), Kamareddy, Anthergaon (Peddapalli), Mavala (Adilabad) and Yalal (Vikarabad). Unfortunately, it didn’t attract the right audience because the 600 square yards earmarked for the construction of apartments and villas didn’t find any buyers, the reason being, that the location where the auction was held never had the ‘apartment’ culture.

This clearly shows that we need a lot of market research to do when it comes to using real estate as an option for investment. Here are a few reasons why you can and should consider real estate as an option in your investment portfolio.

Real estate investments are subject to market risks, and returns too!

It doesn’t matter where you invest, the risks and returns are presumably two sides of the same coin. Based on the market trends, varying construction material costs, and government policies related to real estate, they all impact real estate property. So, if you are investing in real estate, doing thorough research about the developers who’ve been doing great is crucial.

Rent, lease, resale – different names of profit!

Real estate is a great deal for those who understand its nuances. When you buy a property with the purpose to rent it or lease it, you are in for a treat. With the market conditions in today’s time, it is truly a great way to enjoy the highly appreciating value of the land because of the growing demand.

New Infrastructure Developments

Hyderabad hasn’t reached its full potential yet. The city is ever-evolving and ever-growing. Hyderabad’s real estate market is fully loaded with such positive developments. The Telangana government is doing its best to keep Hyderabad abuzz with the 168-km Outer Ring Road which allows easy access to the airport and the IT corridor from every corner of the city.

The first phase of the Hyderabad Metro is already open to the public that offers better connectivity to the airport and IT hubs. The rest of the phases are in full swing towards completion.

At TMR Group, the 50 acres of a gated community at Green Meadows, Chegunta is perfectly located close to the Proposed Regional Ring Road and on NH 44 & AH 43 so that you are never too far from progress. With the Phase-I of the project already sold out in record time, Green Meadows launches Phase II so that investors and buyers alike can make the most of the opportunity. If you wish to know more about the project, please visit hyderabadplots.tmrinfra.com

Property Value in Telangana on the rise!

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Telangana has suddenly become a superstar of sorts and investors, homebuyers alike are interested to invest in this hot destination. Why this popularity all of a sudden? The state government recently announced a hike in property prices by 25-50%. While the values of residential apartments have been increased by 25%, the agricultural lands and plots are bound to witness an uptick of 50% in their price. This price rise is expected to bridge the gap between the open market rates and the registration rates fixed by the government. So, is this good news or bad news? This article would explore the details.

The Current Status – In Numbers

The decision to hike the property rates would significantly impact the real estate industry, especially in and around Hyderabad’s vicinity. For instance, the market prices at Shankarpally have been increased by 40% to INR 2,800 per square yard. In micro-markets such as the Kondapur-Gachibowli region, the prices have been hiked from INR 14,000 per square yard to INR 26,000 square yards. Similarly, in Kokapet, the current price is now fixed at INR 14,400 per square yard, previously which was at INR 10,000 per square yard. The highest price was witnessed at Puppalguda at 50% with new market prices fixed at INR 21,000 per square yard.

In comparison to the last year, housing prices in Hyderabad have spiked by 7%. After average-price appreciation, Hyderabad is now currently the second-most expensive housing market after Mumbai Metropolitan Region (MMR). There’s no surprise that the reason behind the property price rise is the pandemic. It is the primary reason why the cost of construction materials has gone up and has impeded the supply chain process.

The Future Scenario

As of now, the trend seems to be picking up in the real estate fraternity and most real estate developers are making hay while the sun is shining. The officials of Telangana have further divided these properties into three crucial segments to decide the extent of the hike. All property price revisions have been implemented based on this model.

The real estate developers in Telangana are still anxious about this decision as it arrived after the recent rise in stamp duty charges. Recently, the stamp duty was increased from 6% to 7.5%. The state is now expecting to double its revenue from registrations of properties.

This might be a welcome move to the real estate developers, but the homebuyers need to bear the brunt of the price rise whatsoever. While the recent festive season had a visible impact on demand as well as supply, Hyderabad has been witnessing a rather moderate yet positive change in the Hyderabad housing market. Hoping that the economy settles in, and provides buyers with higher job security, the recovery process in the real estate sector might gather more momentum in the coming year.

At TMR Group, we believe that every customer deserves to get worthy returns on their investment and that’s the reason we have launched our second phase of TMR Green Meadows, Chegunta. With our Phase-I completely sold out with 150 plots and 30,000 square yards, the response has been rather overwhelming. Now is the right time to own a residential open plot in the future of a flourishing destination that’s close to Proposed Regional Ring Road and on NH44 & AH43. To know more about the project, visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html

MNCs have a sweet tooth for land parcels in Hyderabad!

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Investment scenes in the Land of the Nawabs are seeing a sudden uptick. Hyderabad has once again become the hotspot for investors and the trend is set to go upwards in the future. Though the second and third waves impacted the real estate industry, along with other industries, the businesses have bounced back and how! They have been recovering from the losses and making it up with a phenomenal speed. The investment in the pharma sector especially is getting much notice as compared to other industries in Hyderabad. Why is that? The article sheds some light on the reason why companies have suddenly gotten a sweet tooth for land parcels in Hyderabad.

Prescription for Growth

The pharmaceutical industry in India has witnessed a double-digit growth of about 15% last year, thanks to the increasing demand for COVID-19 products. This has resulted in pharma companies looking to expand their business and set up new facilities.

That has given rise to the growing demand for agricultural land and the prices have gone up by 40-80% in the last couple of years, while residential plots in the core areas have seen an upward trend of 50% price appreciation. However, even the government auction has seen interest from pharmaceutical companies. Hyderabad has also witnessed some of the big pharma players investing in setting up research and development units.

A Window of Opportunity

Tech-giant, Microsoft recently made rounds in the news for planning to establish its largest and fourth data centre in India at Hyderabad. An investment worth INR 15,000 crore that would span across 15 years, has been proposed.

While the investment in the data centre is worth INR 15,000 crore, the company has acquired three land parcels worth INR 275 crore. The land parcel acquired in Makeguda is about 22 acres and INR 40 crore, 41 acres in Shadnagar worth INR 164 crore, and 52 acres in Chandenvelly worth INR 72 crore.

The new data centre in Hyderabad is set to deliver advanced data security and cloud solutions to boost enterprises, startups, real estate developers, the education sector and government institutions.

In recent news, in the state of Telangana, which was affected by the pandemic, the government decided to auction unutilized land parcels and mobilize funds for the development of the state. Telangana had lost about INR 50,000 crore in the first wave and another INR 3,000 to 4,000 crore in the second wave along with pending arrears from the centre.

At TMR Group, the 50 acres gated community at Chegunta is all geared up to welcome investors into its second phase. The first phase had an overwhelming response. 150 plots and 30,000 sq.yds were sold out in a record time. Our second phase is open for bookings and it’s time for you to take the first-mover’s advantage and own your piece of land in the upcoming investment hub of Hyderabad which is close to Proposed Regional Ring Road and on NH 44 and AH43. Hurry! Visit https://www.tmrinfra.com/projects/ongoing/green-meadows/green-meadows-plots-in-chegunta-hyderabad.html to know more.

Ways to avoid “House Flipping”

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Owning a property can be a tricky affair. With the number of documentation processes, legal processes and property-related processes, a commoner is bound to end up being confused about the overall phenomenon. It’s not only related to an individual who is interested in buying a property, but it also happens with most of the investors who tend to make some of the most common mistakes while buying a property. One of those common mistakes is “House Flipping”. No, it doesn’t mean the individual flip the house upside down. That would be a literal translation of the phrase.

Decoding the term ‘House Flipping’ for a layman would be – buying a property with an intention to resell and make profits, and not for personal use. This article would tell you how one can avoid those mistakes of ‘House Flipping’.

Avoid paying too much money for the materials: While we feel that contractors do not use the money paid to them for buying quality materials, you end up buying them yourselves without having a proper understanding of the details about the materials. This results in excessive expenses.

Avoid buying a super-expensive property: We might feel that buying an expensive property would fetch us even bigger returns, but there are too many variable factors that need to be considered and this move can backfire critically.

Avoid buying a property that you are not well aware of: If you are not well-versed with the location, with the developer or the audience profile of that particular place, it is best to leave it to the experts or consult one before buying. Jumping into the dark can only leave you either feeling adventurous or in a loss.

Avoid adding cheap properties to your cart: Assuming that properties that are cheap or inexpensive always end up burning more holes in your pocket than actually expensive ones. Usually, inexpensive properties cost less because of several factors such as the size of the property, developer (if they are new in the market), competitive pricing to penetrate the market and so on. Such decisions on buying property need to be made wisely.

Avoid paying for extra help: Sometimes we feel that we need to consult more than one expert if we are buying a property that has a huge potential for returns. We add consultants, brokers, resale property owners and so on. The phrase – too many cooks spoil the broth, holds well in this condition.

To avoid common mistakes of ‘House Flipping’ like these, one can often approach an expert in the business and stick to one who is reliable, trustworthy and has a deep understanding of the know-how in the industry.

At TMR Group, we are proud to have a dedicated team of experts who can guide you to own a property that would fetch you potential returns and help you grow. TMR Green Meadows at Chegunta is one such project where you can invest in a 50 acres gated community that’s close to the proposed Regional Ring Road and has seamless connectivity to NH44 & AH43. India’s one of the biggest upcoming furniture SEZ is about to mark its presence in Chegunta and the location is soon set to become the Tourism Hub of Hyderabad. If you wish to know more about us, visit www.tmrinfra.com