Tag: NA Plots

How are land loans different from home loans?

How are land loans different from home loans?

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Investing your money in real estate is a milestone in your life and believe it or not, it is bound to change your life right from the next instant. It doesn’t matter whether you are a first-time investor or not, it’s extremely important to know about loans and how they ease the entire buying process for you. Buying a home or a plot of land may not seem different to most and both are usually considered as a home loan but it’s important to consider the differences while applying for the loan. Although the terms and conditions, the application processes, and the tenure of both the loans are quite similar, there are some fundamental differences between home loans and land loans. The most important factor when it comes to home loans is eligibility. Let’s check out the difference between home loans and land loans.

Home Loans 

Home loans are availed to the eligible people for the purchase of residential properties that are to be constructed in the future, or for under construction, or for ready-to-move-in properties.

  • You can get a home loan to any type of residential property in any location of your preference
  • Any resident of India and NRI’s are eligible for home loans
  • The maximum tenure of the home loan can be 30 years
  • If both the husband and wife have separate sources of income are co-owners of the property, both can claim an income tax deduction on the loan separately
  • Tax deductions can be availed for both the principal and interest payments
  • The loan-to-value (LTV) ratio is between 75% and 90% of the total cost of the property, depending on the lenders
  • Interest rates are at an all-time low ranging between 6.65%-8.00% depending on the lenders

Land Loans

A land loan can only be used to buy a plot of land that has been earmarked for residential real estate construction.

  • The location for the plot should be within the limits of the municipality or the corporation or in industrial or rural areas
  • Only residents of India are eligible for land loans
  • Land loans cannot be used for the purchase of agricultural land
  • The maximum tenure of the land loan is 15 years
  • No tax deduction for the purchase of the property, the tax deduction is only eligible for construction of the property on the plot and can only be claimed after the completion of the construction
  • The loan-to-value (LTV) ratio is up to 75% which means that 70%-75% of the total value of the property will be provided as a loan
  • You can avail of a plot loan to purchase a plot through direct allotment or to buy a resale plot, depending on the respective lender
  • The interest rates are about 0.75%-1% higher than the home loans

At TMR Group, we aim to bring promising ROIs in the shape of RERA and HMDA approved plots in Hyderabad. Our projects have precisely designed layouts in the most sought-after locations of Hyderabad that have a great potential to multiply your investments in the upcoming future. Check out www.tmrinfra.com to know more about us and our work. Get in touch with us!

Digital Land Survey in Hyderabad

Digital Land Survey in Hyderabad

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Unresolved and decades-old land disputes on ownership have been crowding before the government and in courts. To make Telangana a land disputes-free state, the Telangana government is all set to launch its pet project – ‘Digital Land Survey’ from July in the state with a primary motive to fix the land coordinates and thereby provide total security and protection to legal owners of the land by using high-end technology that is being used by Australia and some European countries to generate 100 percent tamper-proof land records. The government of Telangana has sanctioned INR 400 crore for the execution of this project. The land survey initiative is part of a portal launched to maintain integrated land records for agriculture and non-agricultural lands and ensure transparency in the registration process.

Evolution of Land Survey Techniques

During this digital survey, every inch of land would be measured and boundaries will be fixed to avoid land-related disputes in the future and the government would allot latitudinal and longitudinal coordinates and create geo-coordinates. After completion of the survey, the land records would be tamper-proof and it is predicted that it would take at least one year to complete the survey. The government is conducting frequent talks with private agencies which have expertise in the conduct of digital land surveys at the international level and plan to launch a pilot survey and based on the outcome of the pilot survey, the digital surveys will be extended later to the entire state. After the successful completion of the digital survey of agricultural lands, the survey will be undertaken in all urban areas to improve the security of land ownership.

How the digital land survey in Telangana can boost development?

Total digitization of the land records eliminates land disputes and will lead to transparency in the land ownership records. Here’s how it will boost the development:

  • Transparent land record management
  • A single platform to handle land records that includes maintenance and updating of maps, surveys, and registration of properties
  • Hassle-free online approvals of plans and occupancy certificates
  • Clarity over ownership status
  • Greater ease of doing business in the sector, by simplifying it for the developers and buyers
  • Easy and flawless checks on the authenticity of the land or the property

At TMR Group, we aim to be thought leaders of the real estate market and educate our audience about the latest developments in the sector. We offer a variety of HMDA approved plots in Hyderabad that have a strong potential to multiply your investments. Visit www.tmrinfra.com to know more about our projects and get in touch with us!

All about property and land registration in Hyderabad

All about property and land registration in Hyderabad

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Finding a piece of land to build your forever home is usually a once-in-a-lifetime opportunity. The factors dictating the consideration of the right land implies that it’s characteristics that suit your needs and your budget. Sometimes the method can become complex and improper information or advice can cause people to settle on the foremost convenient options. Also, you want to take under consideration all the legal conditions to avoid future disputes. The property registration refers to the legal recording of all documents as it infers the changes in the ownership and the other procedures required during the transaction of a plot.

Before purchasing the land, it is necessary to register all the documents which guarantee the legal ownership title to your property. The registration of land protects you from future disputes and frauds and helps you to possess an updated public record. However, the land registration process and charges vary from one state to a different state.

Land Rates in Hyderabad

Hyderabad has transformed into the second largest IT sector in India over the past few years and this has led to the development of a ton of economic opportunities which further has an impact on the rate of land in Hyderabad. The rates are usually higher in the busier areas of the city.

  • Kondapur – Ranges from ₹389-₹66,288 with an average being ₹31,915
  • Shadnagar – Ranges from ₹104-₹44,375with average being ₹42,322
  • Gachibowli – Ranges from ₹240-₹78,125with average being ₹35,728
  • Shamshabad – Ranges from₹111-₹45,459 with an average being ₹40,234
Registration Process of Land in Hyderabad

The buyer can visit the location to look at the land and discuss the worth of the property. After the oral agreement, both the vendor and buyer should need to record the agreement within the sort of documentation. The buyer must register online by uploading all the documents on the portal before booking a timeslot for the sub-registrar’s office for the formal registration. The agreement documents need to be made with the help of a knowledgeable lawyer for secure authenticity. Once the document is completed, you would like to pay the stamp tax counting on the state. Next, execute your sale agreement and register an equivalent within the Sub-registrar of assurance’s office by submitting all the related documents. Finally, the mutation of the property wiped out revenue records by visiting the local municipal authorities. With the authentication of these documents at the SRO and completing the other formalities, you will be able to register your land in Hyderabad.

The required documents are:

  • Original signed documents
  • Demand draft of the stamp duty
  • Property card, PAN card, Aadhar card
  • Identity proof of the respective buyers, sellers and witnesses
  • Power of attorney
  • Encumbrance certificate
  • Photograph of the property

At TMR Group, the wide spectrum of lands for sale in Hyderabad gives you ample opportunities to invest and own a plot of your choice at the location you desire. With clear title plots for sale in prominent locations such as Shadnagar, Shamirpet, Maheshwaram, Yadgirigutta and so on, TMR Group is your ideal choice to own the best plots in Hyderabad. To know more about our projects, visit www.tmrinfra.com now.

Hyderabad – an investment haven for NRI’s

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A Non-Residential Indian (NRI) is described as someone who is resident outside India with Indian citizenship or is of Indian Origin. The legal definition is explained under the Foreign Exchange Management Act 1999, “Someone who resides outside India for, employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period”. It also says that an individual will also be considered NRI if his/her stay in India has been less than 182 days during the preceding financial year.

Hyderabad as an Investment Hub

The Land of Nawabs has a 400-year-old history and culture and is one of the most rapidly growing modern cities in India. The overall infrastructure and connectivity have evolved exponentially over the past 10 years. Improvement in the framework of the city has made a noteworthy impact in the favor of real-estate developments making it an ideal spot for local and foreign investments.

The important factor to consider before making the investment is the fact that Hyderabad is the centre of upgraded residential infrastructure, less costly housing and upcoming possibilities in the housing and industrial sectors. Besides, Hyderabad is likewise celebrated for its wealthy culture, appropriate general of residing and happening, humming social life. Hyderabad is now acknowledged globally because of the heightened political balance and the authorities’ recognition at the development leading to big-leagues like Deloitte, Accenture, Wipro, Tech Mahindra, Infosys, Amazon, Apple, and so forth are simply among the few pan-India and global significant businesses which have their workplaces here.

NRI buyers are intrigued to invest in India, through a more simplified format of engagement along with trustworthy developers and properties that are registered under RERA.

Why NRI’s Prefer Investing in Hyderabad

As an NRI, making an investment in India, the transaction made is in INR or Indian Rupees. The price difference between the American Dollar and Pound Sterling is massive in comparison to Rupees, and if applied wisely, this may be used for your very own benefit.

This clearly offers an experience of delight to carry influx into the Indian economic system whilst making an investment in a belongings to help you earn sales in the foreseeable future. This may even assist to stabilize the Indian market, which in flip will assist your advantage price.


Many NRI’s are considering residing in India. They would really like to expand their profession with start-ups primarily based totally out of India or release their very own start-up and lots of them look forward to settling in Hyderabad, with their families.

NRIs can put money into actual property in India and may nevertheless control to shop tax like an everyday Indian resident. Tax deduction on domestic loans on precept compensation and hobby issue may be claimed with the aid of using the NRIs. Apart from this, for belongings bought after years from the date of purchase, earnings so earned at the capital advantage are exempted from the earnings tax.

TMR Group presents a plethora of opportunities for NRIs to invest in NA plots in and around Hyderabad with multiple projects that suit their needs. Be it for residential or commercial purpose, open plots by TMR Group in Hyderabad makes it an ideal choice. If you are an NRI and are looking to invest in the best plots in Hyderabad, your search ends here.

Home Loans for NRI’s

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Real estate developers have always considered NRI’s as an important part of their target audience and the NRI crowd also prefers investing in India because when a comparison is made with the foreign real-estate, India offers much better properties at a much reasonable price making it an ideal choice for NRI’s.

NRI’s Investment Market in India

NRI’s have always played a crucial role in the Indian real estate market. The main reason for their investment is generally either sentimental value to their origin or as a backup plan just in case they ever plan on moving back to India. Generally, they just buy and put up properties for rents assuring a steady sum of the amount coming to them with definite safety and increment in their investment. The currency advantage due to the depreciating rupee plays into their favor, raising their purchasing power. To smoothen the pot, NRI’s can also apply for home loans and they get similar tax benefits like the Residential Indians with respect to repayment and interest rate if they meet a few criteria. Foreign Exchange Management Act 1999, defines an NRI as someone who resides outside India for, “employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period”. It also says that an individual will also be considered NRI if his/her stay in India has been less than 182 days during the preceding financial year and anyone meeting these criteria can apply for home loans in India. 

Benefits for NRI’s Investing in India

NRIs can be benefitted from the tax deductions only if they have an income that is taxable in India. If they have taxable income in India, they are eligible to claim deductions on the repayment of interest and the principal amount from the taxable income as per Section 24, 80C and 80EE of the Income Tax Act.

Here’s a list of all the benefits NRI’s can get while investing in real-estate in India if they are defined under FEMA:

  1. An NRI home loan can be availed to meet all of the property-related requirements, including purchasing a house, constructing a house and renovating an existing property in the country.
  2. The difference between the value of foreign currencies like dollar or euro in comparison to rupee give a great advantage and raises purchasing power.
  3. The application process is hassle-free and barely takes up any time.
  4. With most banks, a candidate can apply for an NRI home loan online. The process is easy and transparent. The tracking of the application is also very easy, from anywhere in the world.
  5. Almost all banks provide a prepayment facility for either none or very little extra fees.
  6. There is no restriction on the number of properties NRI’s can purchase in India. However, agricultural land, plantation land, or a farmhouse cannot be purchased, only residential and commercial properties.

Home Loan Interest Rates for NRI’s

Most banks offer NRI home loans that have attractive interest rates on a monthly reducing basis. The candidates also have the option to choose between fixed or a floating interest rate but the candidates must be under the following regulations:

  • Age: 18-70 years
  • Nationality: Indian, Non-resident Indians (NRIs) and Persons of Indian Origin (PIOs) are all eligible. Overseas Citizens of India (OCIs) are also eligible except citizens of Afghanistan, Bangladesh, Bhutan, China, Iran, Nepal, Pakistan and Sri Lanka.
  • Work Experience: At least two years of experience in the company he/she currently works for
  • Loan Amount: The amount depends on an individual borrower’s profile and differs from person to person
  • Loan Tenure: Most banks allow a loan tenure of up to 30 years
  • Prepayment Charges: The prepayment charges for most lenders are 0%-2%
  • Late Payment Charges:For most lenders, late payment charges are 1%-3%
  • Other Prerequisites: NRIs require an Indian resident to be a co-applicant, co-borrower or co-owner of the respective house or property
  • Interest Rates: Interest rates vary for different banks, like SBI and HDFC offer 6.70%-7.00%pa, ICICI offers 6.70%-7.95%pa, LIC Housing Finance offers 6.90%-7.30%. The overall range of the interest rates is 6.70%-8.90% in 2021.

TMR Group believes that every NRI is still as much Indian as the rest of us. Therefore, all our projects offer the best deals on home loans for NRIs. They have excelled in their field and are making India proud overseas. It is our humble way to say – thank you and offer them NA plots in Hyderabad with the best returns.