Tag: plots in Hyderabad

Hyderabad – Destination of a lifetime

Hyderabad – Destination of a lifetime!

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Hyderabad – The city is already known for its historical significance, for its Charminar, pearls and geography is now also gaining popularity for its social infrastructure and other advancements. The city is already hosting big multinationals from the Information Technology sector offering employment to millions of Indians. Hyderabad stands as the second-largest city in India with respect to the total land area and has over 200 engineering colleges in its vicinity. With its IT exports, the city ranks number two in India making it the favourite choice for Investment.

Geography, Climate and more

Hyderabad is located just 500 kilometres south from the geographical centre of the country and is blessed with bountiful nature. The city is well-connected to all the major cities of India. The social infrastructure within the city speaks for itself as of the finest in the country along with the possibility for the city to spread in all the possible directions as not blocked by seashore or state boundaries. The city hosts people from all parts of the country making it multi-lingual, multi-cultural with a variety of food, lifestyle and entertainment choices clubbed with relatively low cost of living.

Placed at 536 metres altitude on Deccan plateau, it has fairly warm weather through most parts of the year. The city witnesses moderate summers, winters and downpours making it pleasant throughout the year. To add one more feather in its hat is a rating by the industry: Hyderabad is 3rd best city globally according to LinkedIn IT Talent Survey – 2014.

Heritage, food and infrastructure

Apart from the 400-year rich history and culture, the city is also blessed with forts, palaces and museums. Not just this, the city is world-famous for its delicacy – Hyderabadi Biryani. Hyderabad is also known as the knowledge capital of India because of several acclaimed institutions such as IIT, ISB, Nalsar and more. It’s also a Hub of leading International IT giants, pharmaceutical companies, research institutes and laboratories. These make it one of the prime destinations for land for sale in Hyderabad.

 With a wide range of world-class hotels, social infrastructure and other essentials, the city stands super poised when it comes to lifestyle. Construction in Hyderabad is comparatively economical than other cities which in turn, reduces project cost for the city making it favourable for purchasing open plots for sale in Hyderabad.

Hyderabad gives away many reasons for people to love it. With constant evolution, Hyderabad is transforming better and clean. With all this, investing in Hyderabad becomes a wise choice to gain momentum in the real estate industry or to buy plots for sale in Hyderabad. At TMR Group, we ensure that your property purchase becomes something more than just a transaction. Hence, buying a piece of land with TMR as an investment can fetch you something more than just money. It would promisingly give you an experience that is matchless and priceless. It’s one of the premium gated community plots in Hyderabad. Come, plunge into an experience like never before with TMR and dream start your aspirations in your very own Hyderabad.

How Credit Score impacts your home buying process?

How Credit Score impacts your home buying process?

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Your credit score impacts your home buying process in a big way. It is the reflection of your creditworthiness. When a bank or a financial institution appraises your loan proposal, the first thing it does is to look at your credit score. Through this score they determine whether you are qualified to get the loan or not.

What is a credit score?

A credit score is a number that is a representation of your credit history. It consists of the number of accounts you operate, total levels of your debts, repayment history, your credit card usage and so on. Your lender bank checks this credit score to evaluate whether you are capable of loan repayment or not.

How much credit is needed to buy a home?

The range of the CIBIL score is generally between 300 and 900.  You can buy a home if your minimum credit score is 580 and above. Credit score close to 900 is extremely good. Credit score below 500 is considered very poor and the banks do not grant loans to those who have such score. People with poor credit score can buy a house with conventional fixed rate mortgage scheme with higher interest rate.

How to improve your credit score?

When you are thinking of buying a home by taking a bank loan, check your credit score. If it is good your loan will be approved immediately. If not you can improve your credit score before applying for a home loan.

Here are the ways to improve your credit score

  • Keep the track of your credit report. Analyse it and identify the mistakes if any. Get them corrected.
  • Pay your credit card bills on time to be financially responsible and avoid paying extra interest. Spend within your credit limit.
  • Pay your EMIs regularly and in time. If you are defaulting on them it will reflect in your credit score and you will not be trustworthy for a home loan.
  • Focus on your home loan. If you want to take other loans such as travel, furniture postpone them.
  • Check the payment history of your co-applicants. Their credit score has to be in the correct range too.

Of course there is no need to panic if your credit score is low. Raise it up with timely payments before you apply for a home loan. This will make your home buying process hassle free and delightful.

Why is Property Insurance so important?

Why is Property Insurance so important?

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Your home is your cherished dream. You are totally invested in it, emotionally as well as financially. It is but obvious that this precious dream should be protected.

Property is a high-cost and a high-involvement purchase. Any natural calamity or catastrophic devastation such as an earthquake or a fire can destroy that asset. It can become a target of some socio-political turmoils as well. Hence, in order to protect it from such unforeseen occurrences, wise investors always ensure the security of their property with insurance.

What is property insurance?

A typical insurance plan covers for the loss and damage caused by a fire accident, theft, allied damage, or burglary. Also, you get various plans including landlord’s insurance, tenants’ insurance, content insurance, buildings insurance, etc. Lets’ explore why property insurance is so important.

There are many reliable insurance companies that offer a wide range of features and benefits to their insurance plans. These include discounts, customized options, or extra coverage.

Importance of Property Insurance

Property insurance has a number of benefits. So use your foresight and common sense and avail of this security that will save your trouble in the future.

It covers temporary living expenses

When your insured property is damaged you need to live in another house till it is repaired. The insurance covers the expenses you need for this living period.

It covers loss or damage of assets

In addition to your house structure, the insurance companies also offer coverage against loss or damage of your personal belongings or valuable assets such as jewelry, household appliances, clothing, furniture, and more.

It facilitates easy loan approval

Some financial institutions and banks give fast loan approval to those applicants who have their property insured. It is even in the eligibility criteria of some banks. So having your property insured is helpful in quicker loan sanction.

So if you are thinking of buying a property, make it a point to insure it. For your investment purpose, have a look at the property opportunities by TMR, a trusted name in real estate.

Home Loan Benefits for Women in India

Home Loan Benefits for Women in India

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Indian women have expanded their horizons. They are exceling in various fields. They are setting benchmarks, inspiring people and dreaming big. The financially independent women are taking decisions for themselves and their families.

Indian women have already known as great home makers. Now they have become home buyers too, in large numbers. Considering this home loan lenders have created attractive schemes especially for women with specific benefits. Let’s have a look at them.

Lower interest rates

Interest rates for women’s loans are lower. It is a great benefit that lowers the Equated Monthly Instalments (EMIs) and saves money over the tenure of the loan.  Many banks and lending institutions offer a concession of 0.05% to 1.00% on home loan for women.

Lower Stamp Duty

Stamp duty is the state government’s tax on the property during its sale or transfer. Generally the Stamp Duty is from 4% to 10% of the property cost. Many state governments have 1% to 2% lower stamp duty for women buyers, in solo or joint ownership.

Tax Benefits

Taxpaying women are eligible to claim home loan tax deductions under Section 80C of the Income Tax Act, 1961 and under Section 24(b) of the Income Tax Act, 1961. In addition, there are other additional tax deductions that benefit women home buyers.

Benefits as Co-borrowers

Women can apply as co-borrowers with their spouses. The combined income of the couple endures higher loan eligibility. It allows the couple to select the home of their choice. They can avail tax benefits as well.

Quick Loan Approval

Data analytics has proven that women have higher loan repayment rates. So a woman’s chances of loan approval are higher. More and more women are also encouraged to be home owners so as to become self-sufficient and financially empowered.

Land is a very stable investment option that appreciates steadily but surely. It proves to be a good long term investment for women. TMR has excellent plot schemes at premium locations. With loan benefits and appreciation guarantee, women are sure to enjoy this double benefit and get rewarding returns. So are you ready to take the plunge?

The significance of Indian Vaastu Shastra in your home

The significance of Indian Vaastu Shastra in your home

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You love our home. Whenever we are tired, stressed or bored, you long to return to our cozy home. You want your home to an abode of health, happiness and harmony. You want to take in the positive energy and refreshing joy from your home before moving on into the outside world again. Indian Vaastu Shastra plays a major role in correcting and purifying the energy field in your home.

What is Vaastu Shastra

 Vaastu Shastra is the ancient Indian science that governs the aesthetic and scientific principles of every aspect of designing a home or a building. Vaastu Shastra originated in Sthapatya Veda from Atharva Veda. It is mentioned the epics Ramayana and Mahabharata. In ancient times, the principles were according to the sun rays and their positions.

Functions of Vaastu Shastra

Vaastu Shastra offers guidelines for all room designs including bedroom, living room, kitchen, playroom, office, prayer room, garden, balcony, windows, toilette and more. This unique science thinks that a home has a soul. Its core idea is to balance five elements- earth, fire, water, space and air to create positive energy.

Basic focus of Vaastu Shastra

Vaastu Shastra focuses on following principles-

  • The position of the kitchen
  • Interiors of the bedroom
  • Position of the Puja room
  • Placement of the furniture
  • Placement of the mirrors
  • Placement of water
  • Colour palettes of the rooms

Kitchen

Do not use black paint or tiles for the walls. Never place the cooking stove or gas next to the source of water. Both elements are opposites. Earthy colours which signify stability are ideal for kitchen.

Bedroom

Bedroom is where you relax, sleep and spend quality time. It should face South-West and never South-East which is governed by the element of fire. Do not put any picture with negativity or conflicting emotions. Let the vibe be content and peaceful.

Living Room

This is room to entertain the guests and spend family time together. It is where bonding takes place. To make your living room calm and affectionate, choose soft pastel colour for the room. The North-East corner should remain clean and clutter free.

Bathroom

Bathroom should be ideally located in the North-West which signifies waste elimination. The bathroom door should always be kept closed. Wash basins and showers must be on the East, North and North East of the room.

Children’s Room

This room should evoke love, happiness, care, growth and warmth. Avoid placing the children’s be in front of the mirror. Book shelves should be placed in the North-East side of the room.

Puja Room

The puja room is meant for prayers, spirituality, rituals and meditation.  This room should be placed at the East or North East side of the house. Incense sticks, aroma candles and dhoop should be used to ward off evil spirits.

Considering all the above points and many more, you should consult a Vaastu expert before building and decorating your house or before doing interior design of your apartment.