Tag: Real Estate Investment in Hyderabad

Advantages of mandatory RERA registration for homebuyers in Telangana

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In Telangana, the real estate sector was comparatively unregulated due to lack of mandatory RERA registration. It was time to establish rules that would  protect the homebuyer’s interest, maintain transparency and accountability among real estate companies. Hence, Telangana State Real Estate Authority’s (TS-RERA) Chairman N.Satyanarayana has made it compulsory for all real estate firms to obtain RERA registration and mention it on all their project advertisements.

He pointed out that it is imperative to garner buyer’s trust as people spend around 77% of their income to buy a house. Keeping their confidence and faith intact is of utmost importance.

This decision of mandatory RERA registration will ensure that the consumer’s interests are guarded and will make sure the builders fulfill each responsibility as laid down by the RERA act. They will also focus on standardizing the construction quality.

Let us explore the advantages of the mandatory RERA registration for homebuyers.

Better accountability

People can file a complaint with RERA in a situation of loss or if the builder violates any provisions of the act. There is complete transparency for all customers in accessing the records of the RERA registered projects and checking details on the website. The communication between the two parties has to be seamless as the companies are obliged to provide every update to their consumers. So, if the delivery of a project is delayed, the real estate firm has to truthfully and diligently owe it to the homebuyers.

Financial protection

A part of the money paid by the homebuyer will be credited to another bank account for the developers to use in their project construction. The entire amount paid by the consumers is protected by the RERA act. In case of project delays or cases where builders fail to comply with a pre-decided agreement, the builders can face penalties which may include liability to pay interest to the buyers on a monthly basis.

Peace of mind

Homebuyers can purchase and invest in numerous properties in different locations of the state with complete confidence. Specifically, Hyderabad, which is certainly a value-for-money destination and a wonderful city to live in. The expanding job market and infrastructural development has also paved the way for an increase in the number of people seeking jobs in the city. People can buy properties with certainty and feel the assurance of their decisions being backed by the law.

In conclusion, businesses thrive when built on the foundation of trust and mutual cooperation. RERA registration is boon for homebuyers and helps regulate the real estate sector.

TMR Group is a RERA registered firm in Hyderabad. We offer gated communities in the bustling yet soothing outskirts of the city, through municipality approved, well-developed and state-of-the-art plots. To know more head to https://tmrinfra.com/

Hyderabad: Ideal destination for real estate investment!

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Hyderabad – the land of pearls and the Nizams is today a sprawling metropolis with a diverse population. Its population demographics have shifted to a progressively multicultural population, with the number of people from various cities across India who have settled here for job opportunities witnessing a significant rise in recent years. Hyderabad is one of the most rapidly growing commercial centres in India today and is home to many of the country’s and world’s top IT, ITeS, banking and multi-national companies.

This commercial rise has in turn fuelled the demand for residential spaces in the city. Apart from localities and people working in the city, there is also a demand for residential investments by people from other parts of the country. The market is now being invested in by businessmen and employees from the Northern States, including Punjab, Delhi, Gujarat, and southern cities like Bengaluru, Chennai, Kochi and others. A report has highlighted that the trend investments from other States in flats and properties in and around the city has increased by nearly 15 per cent, in the last couple of years.

Here are the top reasons that make Hyderabad the ideal destination for real estate investment:

Stable price rise

The pandemic had disturbed the market everywhere. Despite this, the real estate market in Hyderabad has been stable and has witnessed positive growth. Reports suggest that sales here have increased by a whopping 142%, since 2011. And while price levels have been on a steady rise, they have been balanced to avoid financial disruptions to the economy. This is proof that the city’s real estate market is strong and has enough momentum to withstand any capital value erosion that might come in the future.

Political stability in the state that supports the industry

A stable political environment, policies that promote growth and several laws that promote IT development and foreign investment in the state have created an ecosystem that nurtures the IT and allied industries in the state. No doubt Google Amazon, Microsoft, and thousands of other tech companies, unicorns, and start-ups have their base here.

Infrastructural development and quality of life

The city, in recent years, has taken major leaps in infrastructure and connectivity development. Transit has been eased with buses, Metro, and MMTS light rail services connecting the city across all its corners, right from the west part of the state to the Far East.

Three major national highways i.e.  NH-7, NH-9, and NH-765 dissect the city.  The Rajiv Gandhi International Airport (RGIA) of the capital is rated as the world’s fifth-best airport in the category of 5-15 million passengers globally. The Outer Ring Road on the other hand provides excellent connectivity to the airport and will shape Hyderabad’s future development. The vast land parcels around the area will experience exponential growth in the coming years.

Development of new markets in the city

There has been 360-degree growth in all parts of the city. West Hyderabad, due to its sheer proximity to major banking and financial services and IT/ITeS hubs in the city has witnessed a rise in demand for residential and commercial spaces. Districts like Medchal-Malkajgiri, Rangareddy and Sangareddy, have also seen high growth in real estate transactions. On the other hand, Secunderabad and prime markets like Banjara and Jubilee Hills continue to thrive as locations in demand. 

There’s no doubt that Hyderabad is currently an investor’s paradise. There’s scope for high growth potential with excellent returns on investments here. The socio-economic infrastructure and development have picked pace and witnessed rapid growth while the well-planned IT and telecom infrastructure supports it.

Hyderabad checks all criteria for a booming metropolitan which is why investing in land here can be a profitable investment opportunity for all. Plots by TMR at TMR Swiss County in Maheshwaram and TMR Green Meadows at Chegunta are strategically connected to the core of the city seamlessly for the potential for growth. Rest assured, an investment in plots here will give you maximum appreciation in the future. Visit https://tmrinfra.com/ for more details!