Tag: Outer Ring Road

Hyderabad’s Real Estate Market in huge demand

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As a tourist, Hyderabad will never disappoint you. The royal and rustic essence of the old city and the booming IT sector acts as a bridge between the best of both worlds.

In recent years, the city has become one of the biggest job markets of the country. It is home to some of the major IT MNCs, is the headquarters of over a thousand start-ups and is in the process of becoming the World’s Biggest Pharma city. No doubt, the charms of the pearl city have lured many to reside here.

This has in turn fuelled the residential real estate demand in the city. According to a source, the total value of properties registered during the month is Rs. 2800+ Crore, reflecting a 2 percent year on year rise.

Apartments ranging between 25 lakh to 50 lakh have seen a significant 52 percent raise in registrations till the month of June 23. Moreover, there has been an account of 18 percent registration for properties listed below 25 lakh. However, properties ranging over and above Rs. 1 crore have an account of 9 percent, till June 2023.

The demand for slightly larger homes continues post COVID, as properties ranging from 1000 to 2000 square feet have captured as much as 68 percent share of registrations in the month of June 2023.The properties between 500 and 1000 square feet have a share of 17 percent, while properties larger than 2000 square feet maintain a share of 11 percent.

The popularity of Hyderabad has extended to districts beyond the city’s periphery. Neighbouring districts like  Medchal, Malkajgiri, Rangareddy and Sangareddy have seen a rise in residential demand in recent past. These districts have a wide range of properties from budget friendly homes to extravagant apartments, which make them the top choice for home buyers looking for affordable yet luxurious options.

Districts like Medchal and Malkajgiri have emerged as the upcoming locations for investment, with an accounting share of 46 percent with regards to total sales registration, followed by Rangareddy with a 38 percent registration. Apart from the demand for apartments, the city has also witnessed a demand for residential plots, especially in gated communities.

Plots allow for customisation of homes according to your will, are easy to buy or sell, and provide high returns on your investment. Residential plots in gated communities  come with amenities that make everyday living easy and boost the value of your investment. No doubt, buyers today for lands that yield better returns in the future.

At TMR Group, we offer you a gold mine of opportunities for a prosperous future. Our gated plot community- TMR Green Meadows in Chegunta is located close to the six proposed highways and flyovers, for a seamlessly connected future. These well-developed residential plots that complement the Vaastu make the perfect choice to build your home near Hyderabad or make an investment for the future.

To know more TMR Green Meadows or TMR Group, visit https://tmrinfra.com/ today.

Real Estate Developments alongside Outer Ring Road!

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Hyderabad ORR, or the Jawaharlal Nehru Outer Ring Road, an initiative undertaken by the state to decongest the city has been the talk of the since its inception. This project was developed by the Hyderabad Metropolitan Development Authority (HMDA) at a cost of a whopping Rs 6,696 crore. Spread across 6000 acres of land, the ORR is designed for vehicles with a maximum speed limit of 120 km/ hour. 

The Japan International Cooperation Agency (JICA) provided a grant of Rs 3,123 crore for the project, which will reduce traffic congestion and improve connectivity between the suburbs around Hyderabad and the city centre.

The circular stretch of the Outer Ring Road, which spans over 158 km has enhanced the connectivity between NH-9, NH-7, and NH-4 roads. It features multiple carriageways and fences which help to ease the traffic on the arterial highways in the outlying suburbs of the city.

The Jawaharlal Nehru Outer Ring Road,  which predominantly runs across the Ranga Reddy and Medak districts serves a number of villages on its stretch, including Shamshabad, Tukkuguda, Kollur,  Medchal, Shamirpet, Narsingi, Gachibowli, Amberpet, Bongloor, Patancheru, among others. This has further given a boost to the real estate sector in these areas.

Impact of ORR on Real Estate:

Outer Ring Road (ORR) in Hyderabad has directly resulted in the establishment of growth corridors around the city, thus enabling additional city expansion and development. As the demand for real estate in the city grows, these growth corridors provide a mechanism to fulfil the same. Integrated townships, plotting projects and other residential areas have come across the corridors, and have improved Hyderabad’s economic environment, reduced urban congestion, and encouraged planned suburban development around the city.

With the ORR being a key attraction, areas surrounding it have also witnessed a surge in property prices. Areas such as Medchal, Gachibowli, Kokapet and others have seen a significant rise in property costs due to improved connectivity and easy access to other parts of the city.

New areas for residential and commercial development have opened up, and have resulted in several high-end residential and commercial projects in the pipeline. This has also further given a boost to the creation of new employment opportunities in the region and aided the growth of the local economy.

The development of the Outer Ring Road further provoked the development of improved infrastructure in areas along the expressway.

The government has undertaken several measures such as road widening and improvement projects, which will result in better connectivity and smoother traffic flow.

All of these factors have made the areas around the ORR more attractive to buyers and investors.

No doubt, the Outer Ring Road project in Hyderabad has had a significant impact on the real estate sector in the region. It is, in fact, a critical component of the city’s evolution into a global centre. With the State Transport Corporation plans in the pipeline to construct 22 terminal-cum-depots (TCDs) along the Outer Ring Road, there will further be a rise in property prices here, along with the development of new residential and commercial projects and an increase in the demand for rental properties in the region.

This undoubtedly makes the areas in Medchal and Ranga Reddy districts the ideal investment hub for the future.

TMR Green Meadows at Chegunta, just 30 minutes away from Medchal, and TMR Swiss County at Maheshwaram in Ranga Reddy district are nestled amidst a number of development opportunities. Come plot a successful future here for your family and loved ones that are surrounded by growth and progress. Visit https://tmrinfra.com/ for more details. 

References:

The Rise of East Hyderabad: A Realty Hotspot!

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Rapidly developing infrastructure, prime location potential, and government-backed growth- are the factors that have made Hyderabad a go-to destination for real estate investments.

In the recent past, there has been a substantial rise in the demand for real estate in Hyderabad.

The city and its eastern pockets have become a hotspot for real estate that promises huge profits through asset appreciation and increased RoI to the property holders.

Property prices in east Hyderabad have seen a steady increase in recent years. The infrastructure development projects undertaken by the Telangana Government and other investor-friendly policies have boosted this growth. The swiftly expanding state- infrastructure, advantageous location, and government backing for further growth, have pushed the area to become a sought-after hotspot for investors from all walks of life.

What are the prime reasons that make East Hyderabad the best investment opportunity? Read on to know

Prime Hub

Strategically located near major IT hubs and the upcoming Pharma City, East Hyderabad is the ideal investment for professionals working in the IT and pharma industries. The industries are among the major drivers of Hyderabad’s economy and promise adequate growth over the coming years.

Infrastructural Growth

The development of two big IT parks in East Hyderabad stands as testimony to the growth of this region. The NSL Arena and DSL Abacus, located on Ramanthapur road (NH 202) in the east have paved the way for excellent residential infrastructure development and aided the commercial growth of allied businesses in the region, thus pushing the demand for real estate.

Affordability

East Hyderabad offers more affordable prices when compared to other prime locations in Hyderabad. With a diverse range of real estate offerings, it has something to offer people across all strata. This makes the region an attractive choice for home buyers and investors looking to diversify their portfolios to secure their financial future. 

The Big LEAP

Telangana government’s “Look East Policy” (LEAP), encourages IT industries and other associated businesses to set up offices in the eastern part of Hyderabad. Easy access to the Outer Ring Road (ORR) and proximity to IT hubs like Gachibowli, HITEC City, and others have also promoted East Hyderabad as the go-to destination for those looking to invest.

ITIR Rise

The Information Technology Investment Region (ITIR) development plan focuses on the eastern part of the city. It is predicted to bring about a new era of growth and opportunity for the city. The Telangana Government’s decision to expand the industry to the city’s eastern region has already attracted major players in the corporate world. Additionally, both Indian and global companies and thousands of startups have their presence here. Uppal, Adibatla, Pocharam, Yadagirigutta and Maheshwaram, are regions poised to become major players in the city’s tech scene. 

With excellent connectivity and growing infrastructure. East Hyderabad is emerging as a prime real estate investment destination, offering luxury, convenience, and government-supported development.  It offers easy access to world-class amenities and to other parts of the city and has become a hub for those seeking the best of both worlds.

Come make the most of this boom, with investments of strong potential for growth at this residential and commercial hub. With TMR Kshethram One at Yadagirigutta, and TMR Swiss County at Maheshwaram, own your very own piece of growth and development at the most promising and sought-after locations in Hyderabad.

These residential plots communities, developed by TMR Group are located at destinations strategically chosen for their connectivity and potential for growth.  Here, you lay the foundation for a fulfilling future of prosperity for you and your family. To know more about TMR Group and our projects, visit https://tmrinfra.com/

References:

https://www.ahmedabadmirror.com/the-rising-demand-of-east-hyderabad—a-real-estate-hotspot/81852775.html

https://rera.news/updates/East-Hyderabad-A-Real-Estate-Hotspot-with-a-Surging-Demand

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