Tag: Maheshwaram

Senior Citizens’ Plot Buying Woes

Senior Citizens’ Plot Buying Woes

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Senior citizens are always caught in the eye of the storm for various reasons. Firstly, it is their deteriorating health that takes a toll on their peaceful living. Secondly, the volatile government rules and regulations and tax reforms which are sometimes unfathomable by the senior citizens. All these challenges create an impediment for the senior citizens when they consider buying a property at that age. This blog will explain all the scenarios and situations that cause these problems to senior citizens.

The Pandemic Aftermath

The senior citizens were already going through so many issues when suddenly COVID-19 made a horrid entry into their lives as a nightmare. Senior citizens, who make up for approximately 10% of our population, are concerned due to the persistent warnings that the virus tends to be more hostile among the elderly. Not to cause any alarms, 51% of deaths in India in the range of 60 years and above. However, the potential virus was never their primary concern in the first place. Some senior citizens were secluded, some were instructed to constrain from moving from one place to another, and some faced financial crises. For senior citizens to tackle these issues, here’s a list that needs to be checked out.

Elevators

When you age, there are some lifestyle diseases or age-related diseases that tag along as complimentary ailments. That’s the reason why senior citizens should consider buying a property that has elevator services.

24×7 Security

This is a major requirement when it comes to senior citizens. The reason being senior citizens are prone to forgetfulness. And when they are living in a society without security, their safety is prominently compromised. That’s why it is imperative for senior citizens to live in a building that’s guarded 24×7.

Transport

Senior citizens are those who mirror the characteristics of children or babies for that matter. They do not like to live like they are on house arrest. That’s the reason why easy transport facilities to the places of their likings, such as temples, convenient stores, hospitals, and so on, is very important.

Parks & Recreation Facilities

Senior citizens are generally fond of spending their spare time in peace. That’s the reason why gardens and parks play a significant role. Be it for a leisurely stroll, a serene walk down the serpentine walking tracks, or be it for green lawns, these simple, yet essential amenities power their pastime.

Affordability

Senior citizens, by the time they are retired, would have made a considerable amount of savings as security. If they were to invest that amount, it would be in something that would fetch them returns and secure their old age. Buying an expensive home at that age would definitely not be a thing on top of their mind.

At TMR Group, we make sure that all our projects are senior-citizen-friendly. They do not have to bother about living away from home or living disconnected from their loved ones or living an expensive, unhealthy life. All our projects are equipped with world-class amenities, 24×7 security and has hassle-free documentation processes so that their investment and their lifestyle are secured and they can live a carefree and peaceful life.

All about the new RRR: Regional Ring Road

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Unlike the period action drama that the maker of Baahubali is making, RRR is nothing similar to what we are about to discuss. This RRR stands for Regional Ring Road – the nod for which has already been given by the Central government for Hyderabad. Let’s talk about this particular RRR in detail, shall we?

THE ORIGIN

For the last several years, the Telangana Rashtra Samithi (TRS) MPs have been representing the central government and seeking permission for Regional Ring Road (RRR). The central government had already approved in principle, for the RRR project way back in 2018, but later failed to make any further announcements on the project.

In the initial phase of the project, the union government had issued a gazette notification to commence work for 166 kilometres of the Regional Ring Road in 2017. The stretch connected Sangareddy, Toorpan and Choutuppal.

The financial viability of the project came into question by the Union Road Transport and Highways Ministry in 2019. That’s when a fresh Detailed Project Report (DPR) was called for and the Telangana government duly complied. When the report was submitted, the second phase of the project was lost in oblivion.

It was only when yet another fresh representation by the TRS delegation was made recently and the Union Minister informed the delegation that the second phase of the RRR project connecting Choutuppal, Shadnagar and Kandi has been approved.

ALL ABOUT RRR – REGIONAL RING ROAD

The overall length of the 6-lane RRR project would be 338 km while the width would be 500 feet. The state government has agreed to share at least 50% cost towards land acquisition to execute the project that’s estimated to cost about INR 13,000-crore. The land acquisition for RRR has been completed by the state government and the project is awaiting clearance from the forest department to invite tenders. The RRR is said to come up beyond the existing Outer Ring Road (ORR) and is expected to play a significant role in the economic development of Telangana.

The Regional Ring Road would be connecting Sangareddy, Narsapur, Toorpan, Gajwel, Choutuppal, Bhongir, Jagdevpur, Ibrahimpatnam, Chevella, and Shankarpalli.

TELANGANA PLANS FOR RRR

In order to boost the economic advancement of the state, the Telangana government plans to develop 50 acres within the 30 to 40-kilometre wide strip between ORR and RRR into satellite townships. The state hopes that the RRR will help uplift the infrastructure investments, employment opportunities between the circular roads and reduce congestion in Hyderabad.

It is also said that the Union Minister has given his approval for expansion of the 31.8-km Kodad-Khammam National Highway to 4 lanes under the Bharatmala Pariyojana programme. The Minister for Road Transport & Highways, Mr. Nitin Gadkari has also confidently responded to the demands for the completion of several highway projects as promised under the Andhra Pradesh Reorganisation Act.

At TMR Group, we believe that these kinds of developments not only help the state to prosper and grow economically, but they offer numerous opportunities for businesses to mutually progress along with the state as well. While we, at TMR Group, have constantly been contributing to the cause, we feel that the Regional Ring Road, just like the title and the maker of the movie suggests, would be a huge blockbuster.

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.

Future Ready Hyderabad

Future Ready Hyderabad

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Hyderabad – the capital and largest city in the state of Telangana stands tall with its unmatched legacy. The city established by Muhammad QuliQutb Shah in the year 1591 shimmers with its stunning charminars, tantalizing food, warm people and a superrich history. Hyderabad is located 400Kms away from the center of India and has its own geographical advantages that make it one of the most important cities to have an association with. The city of Hyderabad is getting ready to host a brighter tomorrow and we are going to have a look as to what the city holds for everyone.

The Employment Hub

Cyberabad–also known as ‘HITEC’ city is a host to several multinationals and lakhs of IT working professionals. This has led to an unprecedented boom and development of social infrastructure. Cyberabad now also hosts multiple high-end restaurants, night clubs, malls and other entertainment essentials. The area is well-maintained, highly secured and has been given a unique identity of itself. By becoming an employment hub, the city also witnessed a rise in daily commute which is now being addressed by metros. The metro lifestyle has added more value to the functioning and charm of the city.

172% growth in 5 years

The commercial real estate of Hyderabad has seen a 172% growth in the last 5 years according to a report by Knight Frank India. The report also suggests that residential prices have grown by a significant 5.3% compounded annual growth rate (CAGR) in 10 years, and even during the present pandemic crises, rents continue to remain steady. Another interesting fact that grabs eyeballs is – Hyderbad jumped from a rank of sixth in 2014 to second in 2019 in terms of annual office space demand across key cities in the country.

Investments and other highlights

Telangana IT/ITeS exports observed 18% annual growth in the year 2019-2020 and contributed revenue of Rs 1.25 trillion against Rs 1.9 trillion in 2018-19. The city is the second-largest contributor to the revenue from IT exports in the country and is home to global bigwigs like Google, Amazon, Microsoft, and Facebook. Hyderabad, being the distribution hub in Telangana is also seeing increased traction in the warehousing segment. The state has already garnered an investment of Rs 25,000 crore for data centre mega projects. Recently, Flipkart opened its data centre in Hyderabad, second after Chennai, to support its core operations. In the last four years, Telangana attracted investments of over Rs 10,000 crore in the life sciences industry. To give a further boost to this industry, the state government has released the Life Sciences Policy of Telangana and launched vital projects such as Genome Valley 2.0, Hyderabad Pharma City, and Medical Devices Park in Sultanpur.

Owning land in Hyderabad

With such prospects, owning land in Hyderabad can be a truly rewarding asset. The city has no restrictions of growth as it is having limitless land to sprawl across and host a bright future. Investing in real estate is the most reliable form of investment and to strengthen your decision, is the city of Hyderabad which has the limitless potential for growth. Value appreciation of land is impressive and hence one must consider this city for wealth growth and parallel aspects.

At TMR Group, we strategically lock locations that would give high returns in all aspects. To buy and build or to invest for wealth growth, these plots are ready to serve you all that you aspire.  At TMR Group, we offer clear title residential plots across different locations in the city that are ready for growth and offer you growth for your lifetime.