Tag: plots in Hyderabad

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!

Changing Real Estate Trends in Hyderabad

Changing Real Estate Trends in Hyderabad

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The real estate dynamics of Hyderabad have been consistently booming for about a decade now, owing to its tremendous development and emerging as the second-largest information technology sector in India that has taken its spot in cities that have been globally recognized. This recognition has led to a massive scale of developments in and around Hyderabad. The evolution of Hyderabad has led to improvement in the infrastructure which in turn improves the potential for real estate development in the city due to a steady demand owing to the rising job opportunities in and around the city. Even post the lockdowns, the real estate sector has picked a decent pace of recovery from the significant fall faced because of the first and second lockdowns.

Recent Real Estate Trends in Hyderabad

Since the beginning of the pandemic, the perspective of people has changed drastically as they had to adapt to the radically changing world. The ideology behind spending money evolved whether it is regular expenses or financial investments, the people need an additional sense of security for their hard-earned money and a vast majority of people are looking to purchase real estate options that are ready for possession. The demand for under-construction projects have been facing a gradual decline due to the large scale of unpredictability that has been looming around for a while now.

Keeping up with the latest trends, most of this generation is dependent on online reviews and websites for their research and decision-making. People respond well to quality content on social media and websites. Staying at home for over a year has generated a need for spacious homes and a comfortable lifestyle with flawless security standards and digitization of infrastructure. The real estate sector has also witnessed a constant demand for luxury real estate options and they are selling like hotcakes.

Investing in plots for short-term as well as long-term gains seems to be the rising real estate trend as investing in plots can steadily enhance the ROI on the property owing to the enormous scope of development in the ever-growing city of Hyderabad.

At TMR Group, we develop plots for sale in Hyderabad with thorough and strategic planning and extensive research on the market and areas with the most potential to improve the ROI are hand-picked for development. We offer top-tier amenities and security standards along with the plethora of plots in Hyderabad that let you spot your own plot! Visit www.tmrinfra.com to check out our projects and to know more about us!

How has the second wave impacted property pricing?

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With no real conclusion in the sight, the second wave has shaken the entire nation along with the administration. The economy of the country is being affected by the second wave and the impact of the second wave of Covid-19 has been more devastating than the first, bringing severe repercussions on the healthcare system and halting the process of recovery. With the intention of curtailing the cases, there have been localized lockdowns across most of the top cities including Hyderabad and the economic activities and demand have slowed down simultaneously affecting site visits and, therefore, sales. Unlike the last year, people are wary of going out at the current time and have avoided it to the maximum extent.

Real estate market scenario during lockdown

The Indian real estate sector is now a buyers’ market and has staged an impressive growth in 2021 but the second wave of coronavirus has imbued uncertainty and affecting the pace, resulting in a temporary pause, but the real estate sector is better prepared now and well-versed with the know-how of a pandemic and developers have been banking on digital tools and platforms. They are focusing on virtual tours and digitally-enabled marketing activities in an attempt to control the overall impact. The rapid vaccination drives have also been boosting confidence and the impact on the real-estate sector would be controlled. There is a strong potential that the real estate sector will resume its growth from the second quarter of FY 2021 and could see a steady flow of investments that will ensure growth opportunities with higher returns. The halt will be short-term and the confidence of the people will return as soon as the COVID-19 curve gets slowed. The pandemic, however, has made one thing crystal clear, that it is time to plan for the short term instead of the long term because of the blanket of uncertainty that surrounds the market.

Impact of COVID-19 on property prices

Real estate prices in some of the megacities of India have witnessed significant correction. This present scenario provides investors and buyers with an opportunity to put their money in residential real estate at a low price point. Since it is quite unlikely that the prices may undergo any further correction, this proves to be an ideal opportunity for buyers. The home loan interest rates also are at record low levels currently and housing finance is additionally available to buyers and investors at comparatively affordable prices. Some of the transactions and deals could be placed on hold due to obvious reasons. Though this is unlikely to impact the real estate sector in the long run. It is also speculated the last quarters of 2021 could be subject to inflation and during this time, a real estate investment can protect you as real estate performs well during inflation, therefore there couldn’t be a better time to invest.

At TMR Group, we present you with a wide range of plots for sale in Hyderabad as an opportunity to encash on the current economic situation effortless. Our transparent working and HMDA approved plots in Hyderabad at strategically picked locations, make it a safe haven for your investment with promising ROIs. Check out www.tmrinfra.com to know more about us and our work.

How Technology Has Helped Minimize COVID-19 Spread in Gated Communities

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In recent times, the pandemic has been surging and peaking across India and numerous cities have already started preparing for the potential third wave in spite of the existing lockdowns. There has been a major emphasis on getting vaccinated all across the news platforms and media and while there is slight control in the cities, the cases in the rural areas are reaching new heights on a day-to-day basis and due to poor infrastructure, the scenario could turn worse.

Along with the waves of the virus came to a wave of change and the definition of normal has changed in the dictionaries of many people and the only thing keeping us up with this change is the advancement of technology to guide us through this bleak time.

Significance of technology during COVID

Just imagine if COVID-19 had appeared on earth before the inception of the internet. It is a hypothetical situation that has the potential to send chills down your spine. Technology is the unstated reason why pandemic has been in control; may it be the technological advancements in medicine or the advancements in the aspect of the internet and digital platforms. During the first lockdown of the pandemic, the uncertainty of the situation had reached the minds of the public, but due to the advancements in technology and adapting to the situation, many jobs are taking place online on ICS (Interactive Communication Software).

Technology has answered all problems during this period of the pandemic and the entire world has gone digital. Online consultations have helped counter the requirement of physical presence. AI and high-performance computing have accelerated research into understanding the virus and developing targeted therapeutics to treat infection and stop transmission. Automated customer service definitely came in handy due to the implementation of physical distancing all over the world. Even while adapting to the pandemic scenario, public officials consider technology’s role and still seek opportunities to supplement and improve on traditional approaches. Online portals for vaccination have also smoothened the procedure. While there is still scope for improvement, the pandemic has highlighted technology’s importance to public health security and has definitely led to sharp improvements overall.

Technology as the key to minimizing the COVID spread in gated communities

Gated communities have access to all essentials that avoid the need for travelling to public spaces.

  • Improvement in technology has resulted in the provision of contact-less deliveries and online payments have countered the need for cash payments
  • Computerized temperature monitoring helps control the chance of infections
  • Remote working plays a significant role in the control of cases
  • Increased transparency due to the total digitization of the world
  • Innovative mobile contact tracing apps like Aarogya Setu that preserve patient privacy and civil liberties in response to public concerns while indicating the average number of infections around you have created new opportunities for privacy-sensitive technologies that aid efforts to prevent and control outbreaks
  • Management of domestic help with thorough health, checks reduce the possibility of spread
  • A total screening takes place before letting any visitors enter with the aid of thermal scanning and oxygen readings

At TMR Group, we believe that technology is what keeps the world up and running these days. Though the threats and challenges pertaining to technology are aplenty, so are the advantages and strengths. With the lockdown still in effect, TMR Group intends to spread awareness on health and safety of the people first. If you wish to know more about who we are and what we do, visit www.tmrinfra.com now.