Tag: Nizamabad Swiss County

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

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

Factors that affect Property Valuation!

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Hyderabad is a city that has seen many highs and lows in its time. When it comes to property investment, The City of Nawabs seems to be riding the high tide with joy. Hyderabad is soon gaining its due popularity as one of the most sought-after destinations for investment and is potentially transforming itself into an upcoming commercial and investment hub. Why do you ask? The property rates in the vicinity are appreciating due to several factors that we would be discussing in this article. These are the touchpoints (rather turning points) that are quite significant in changing the investment landscape of Hyderabad. Speaking of property valuation, these factors play quite a significant role in altering the course of a customer’s action. Let’s explore these factors one by one.

Skyrocketing Infrastructure Development

One of the primary reasons for anybody to even consider investing in a particular property in Hyderabad would be the rising number of infrastructure developments happening in the city. Be it for the proposed Regional Ring Road that’s gaining more popularity as RRR than the actual movie, or be it for the upcoming furniture SEZ that’s deemed to be one of the largest in the country, the exponential growth in Hyderabad is certainly attracting some of the biggest names in the industry.

All in all, infrastructure development is a pivotal element in price appreciation. When these developments offer seamless connectivity, hassle-free transport, well-built roads, etc., these factors will indeed prove to be growth promoters to the property value.

Expanding Amenities & Offerings

The property developers have realized the fact that providing basic facilities to customers won’t be enough. These days, developers cut corners (figuratively) in the name of cost-cutting and end up compromising on a lot more. That’s the reason, even developers these days are investing heavily in delivering unique experiences to customers by offering a plethora of amenities and discounts.

For instance, suppose a property is not offering a parking space, the value of that property will differ from the one that offers a parking space.

Government Rules & Regulations

The amount of changes in the policies that keep happening in the industry also impacts the property valuation. When the borrowing cost is cheaper, it certainly brings more buyers to the market and creates even larger demand and impacts the appreciation equally.

Also, discounts in stamp duty rates, circle rates, income tax benefits, GST rates, income tax benefits, etc., impact the demand of the property directly.

Population

The most obvious factor that impacts property valuation is the ever-increasing population. Higher the number of people in the city, the higher the need for housing and homes.

At TMR Group, we offer the best residential open plots at TMR Green Meadows in Chegunta. With the project close to the proposed Regional Ring Road and proposed airport and Nizamabad, these plots are developed in 50 acres gated community and are equipped with the latest state-of-the-art amenities and facilities. It’s the ideal place for you to invest and grow with TMR. Come, take the first-mover’s advantage and witness Hyderabad flourish into the future investment hub. Visit hyderabadplots.tmrinfra.com to know more.