Tag: Real Estate Market

Diversified Workforce Driving The Real Estate Growth In Hyderabad!

admin Leave a comment

The start of 2023 witnessed decent growth in the housing and residential segment in real estate. And this boom continues its dream run as Hyderabadis keep up with their stint of upsizing their living spaces to homes that can accommodate all their needs. Apart from the necessary requisites, it comes with the need for space for amenities that have been in the limelight especially post the pandemic – whether it is a comfortable workstation, workout space, an extra room or a large balcony.

The Hyderabad residential market includes four districts in the state, namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy districts. Not surprisingly, with growing demand for space, the mid and high-ticket value homes have led the growth here, a phenomenon not observed until a few years ago.

In February 2023 alone, Hyderabad recorded the registrations of 5,274 residential properties. The total value of properties registered in the month on the other hand stood at Rs 2,816 crore, according to market reports. The reports note that the registration of home sales in February has risen by 3% YoY, but the registration revenue collections slightly decreased by 1% YoY for the same time period.

The number of registrations recorded for residential units in the price band of Rs 2.5-5 million (Rs 25-30 lakhs), constituted almost 51% of the total registrations in February 2023.

On the other hand, in January 2023, the city witnessed transactions for residential properties worth Rs 2,422 crore in the residential markets of the four districts – Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy. The start of the year recorded a whopping 4,872 apartment unit registrations. Units in the price band of Rs 25 to Rs 50 lakh constituted 54 % of the total sales, which is a sharp increase from a share of 39% recorded in January last year, as per available data.

The sales registrations for properties with ticket sizes of over Rs 50 lakh increased simultaneously to 28% in January this year, up from 25% in January last year.  The affordable housing segment however accounted for only 18% of the demand.

Residential sales in units larger than 1,000 sq ft saw the maximum demand, as 71% of sales were registered for homes between the size bracket of 1,000 and 2,000 sq ft. As Hyderabad gains momentum as the Tech and Pharma capital down south, this demand is expected to grow in the coming years. Industry experts say that with the city’s developing socio-economic environment, state-of-the-art infrastructure, and varied workforce, the residential market here has a huge market potential.

Market studies highlight that most buyers fall in the mid-income category and are usually salaried professionals. This stability, therefore, indicates that, despite the rise in prices and hikes in interest rates, the end users have the financial confidence to make long-term commitments.

The Medchal-Malkajgiri district recorded the highest home registrations at 41%, followed by the Rangareddy district at 35% and the Hyderabad district at 15% in January this year. Now is the right time to make an investment in these hubs of the future, for prosperous returns.

TMR Swiss County at Maheshwaram, located in the Rangareddy district of South Hyderabad, connects you to the areas in Outer Ring Road (ORR) and ultimately to the core areas of Hyderabad.

TMR Swiss County at Maheshwaram, located in the Rangareddy district of South Hyderabad, and

TMR Green Meadows, just 30 mins away from Medchal is nestled amidst a number of development opportunities. The easy access to the city, connectivity to the areas in Outer Ring Road (ORR) and ultimately to core areas of Hyderabad, and the proposed 6-lane highway and 6 flyovers among projects on the radar will ensure seamless growth for your investment.

That’s what makes a plot with TMR Group the ideal choice for land investment. Come book one for yourself today. Visit https://tmrinfra.com/ for more details.

References:

TMR 360-degree Growth in Hyderabad

admin Leave a comment

The Pearl City of India – Hyderabad, has become the country’s most popular investment and property-buying destination today. The city is witnessing a rise in overall demand for commercial and residential units alike. Hyderabad today is steadily emerging as one of the premier realty destinations in Southern India.  Once restricted to the core city areas of Hyderabad, real estate activity has now spread its arms to encompass the entire.

Recently, the Municipal Administration and Urban Development Special Chief Secretary Arvind Kumar said that real estate growth was expanding in all zones of the city.

The growth witnessed by the IT, healthcare and ITeS sectors in the city areas has created scope for business expansion and newer employment avenues. This has rubbed off on the market and Hyderabad has become a hard-to-miss city for real estate investment or purchasing a property.

A Proactive IT giant

The city has majorly benefited from the proactive, business-friendly policies of the State Government. Since the formation of the state of Telangana, the government has pushed for the IT growth in its capital and the city is today home to Silicon Valley giants, Unicorn Start-ups and up and coming start-ups alike. A relatively stable political environment, the establishment of well-known educational institutions, the availability of a skilled workforce and better infrastructure have further pushed the growth. Not to forget, the city has emerged as a major pharmaceutical and biotechnology powerhouse in India. The World’s Biggest Pharma City is also in the making here.

Infrastructural development in the city

The city has taken major strides in infrastructure and connectivity. Major commuting options including buses, Metro, and MMTS light rail services connect the city across all its corners, right from the west part of the state to the Far East.

The city of Hyderabad is located at the crossroads of three major national highways i.e.  NH-7, NH-9, and NH-765. The Rajiv Gandhi International Airport (RGIA), is connected to all the major international destinations and is rated as the world’s fifth-best airport in the category of 5-15 million passengers globally. The Outer Ring Road 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.

360-degree growth

The real estate market in Hyderabad has been one of the country’s best-performing residential markets in recent years. Reports suggest that sales here have increased by a whopping 142%, since 2011. West Hyderabad has witnessed a rise in demand for residential and commercial spaces due to its sheer proximity to major banking and financial services and IT/ITeS hubs in the city.

Simultaneously, the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy, have also seen high growth in real estate transactions. A study has highlighted that home sales in the Medchal-Malkajgiri district were recorded at 44%, followed by the Rangareddy district at 38% in the last year.

Hyderabad is currently an investor’s paradise with excellent returns on their investments. With socio-economic infrastructure and development that has kept pace with its growth and well-planned IT and telecom infrastructure, Hyderabad checks all criteria for a booming metropolitan. Plots by TMR at TMR Swiss County in Maheshwaram and TMR Green Meadows at Chegunta are strategically located for seamless connectivity to the core of the city and potential for growth. With Hyderabad witnessing a 360-degree growth, rest assured, an investment in plots here will give you maximum appreciation in the future. Visit https://tmrinfra.com/ for more details!

Essential financial tips to know before investing in land for sale

Essential financial tips to know before investing in land for sale

admin Leave a comment

Your own space is a legacy of happiness, culture, origin, comfort and lifetime memories! Raw land provides great development opportunities and often gives an overwhelming feeling of ownership! Being a limited resource among all, plot lands are flying high in demand. Construction of your home can be similar to crafting a masterpiece of art. The tactics and proportion of shades, tone & strokes should always be balanced and on point. Similarly, in the homebuilding process, the quality of land, location, materials, and amenities should come together in a balance to create an appropriate home.

Investment in the plot is always called a big win in terms of returns. The land is the only resource that is continuously increasing its valuation. Buying land may sound very simple and straight forward, but the process is far more complex; after all it is a process of crafting dreams. The journey starts from the selection of area, district, neighborhood, where you want to settle down and rise to your dreams! During homebuilding, one must always keep a check on the budget which sometimes tends to grow too! As one of the most flexible investment deal, plot land always brings great returns at very less cost. Here are some questions which a person should ask themselves before endowing capital on land investment.

Where do you want to buy your plot?

India is well known for its diversity in ethnicity, race, places, languages, places, and climate. Highlands in the north give the courage of limit-pushing development, whereas coastal areas of the south will paint your soul with the color of freshness i.e. Green. In Indian real estate, the market is quite broad & full of opportunities. The real estate market possesses an excellent amalgamation of urban locale and soothing surroundings. Due to overpopulation and massive urbanization, the crowds are shifting towards the suburbs of every city. Consequently, the small cities are coming under consideration for commercial and residential investment on a very large scale (like Amazon office at Hyderabad).

What type of land can you buy?  

Some loans are specially designed to purchase a plot of land for residential purposes. Different banks impose different terms and conditions regarding the purchase of the property and construction of the home. Some will ask you to purchase a plot in an area that is DTCP & RERA approved or not. Whereas, some banks might ask you to start construction of the home within a few months of the purchase of the property. Try to be very clear with your ‘5 Ws and 1 H’, make a round figure estimation and stick to it!

Does it suit your requirements?

Various factors can influence your decision of building a house on residential plot land. The increasing cost of construction is one of the most important factors among these. In comparison to other real estate investments, putting your money in a plot and building a house can at times be less expensive. The land is a long-lasting asset, and unlike other residential options its value rarely depreciates. Also, as per your convenience, you can pace the construction to suit your financial and economic constraints. Building your home by yourself enables the owner to make as many changes as he/she wants and implement his/her creative ideas to design the home. Besides, it also allows you to postpone the major expenses, improvements, and expansion for a shorter or longer duration.

What documents are required for loan processing? 

While borrowing the loan to purchase a plot in the plotting project, you are supposed to submit a few important legal documents associated with the plot, and verify the layout drawing of the site as approved by the town planning authority of the land. Other property documents include original documents regarding the ownership of land, revenue receipts, land records and tax receipts of the property. Take a deep look at these points and make sure that the documents are not expired or fraudulent. 

So getting the right financing for your dream space is just a small part of the whole process yet plays a very important role in homebuilding. TMR Group is always ready to accompany you in the mesmerizing journey of owning living space in the bustling locations of Hyderabad. Being one of the renowned names in the real estate industry of Hyderabad, TMR Group has successfully revamped the face of plot land in Hyderabad, by developing excellent gated communities. Buy clear title plots in the booming locations of Hyderabad only with TMR!

What is your preference – Flat or Land?

admin Leave a comment

The land is merely not just a word, but it is the foundation of growth for mankind! When the word ‘shelter’ comes to our mind, it resembles a personalized space crafted by our aspirations! Geometric patterns, smooth texture, cold colours and purple paint with indigo curtains, different preferences of homebuilding. This is how a personalized house seems like, where we design our dream space according to our priority, requirements, and convenience. Investing in land brings a lot more value as compared to flats. There are no further doubts that the rise of the apartment culture is taking over the residential market, but no one can ignore the desire to buy a plot of land and build their own home. The flat is an alternative with lots of limitations. Even flat also need land, so it’s preferable to spend on plots. Plot investment in the real estate market provides a lot of opportunities for value appreciation, expansion, financial assistance, income and redesigning. However, flats depreciate its value over time. 

While investing in plot land for sale, the only concerning and governing factor is the location of the land. It’s always better to invest in something which can appreciate in value over a period of time. After all the reason behind property investment is gain. In real estate investment, many investors are always on the lookout for the best space. Due to the decreasing availability of space, the real estate industry is registering extravagant demand of land for sale.

Read on to know the primary advantages of investing in plots instead of flats:-

Customization of property:

Having your own space is pure bliss. And to add more value and convenience, we personalize our property according to our will. The biggest advantage of owning a plot is that you have the luxury of choice in accessorizing, decorating and designing. Plots offer ample freedom by giving more scope for restructuring, redesigning, expanding and creating better resale opportunities. Whereas, flats offer more constraint when it comes to personalizing, as it is already multi-storied building with set infrastructure and zero expansion possibilities. 

Value Appreciation- Plots have become the preferred choice for their extraordinary quality of delivering sky-high returns! The land is the only capital that has the potential for low investment and high returns. Unlike flats, land doesn’t produce regular income but the resale value will be much more than what you bought for. Flats on the other hand, depreciate in value over time.

Cost benefit – Cost is the governing factor in every investment and it depends upon the requirements of buyers and other factors like locality, services, accessibility, size, design and developer’s brand. Land costs less than flats and also brings the promise of great returns!

If you want a ‘ready to move in’ house which can give you mesmerizing comfort and regular rental income then go for flats, but if you are interested in crafting your aspiration according to your priorities with minimum investment and maximum returns, then invest in TMR! TMR Group, the most trusted name of Hyderabad real estate sector has successfully developed gated communities in the booming locations of Hyderabad. TMR offers terrific real estate projects by maintaining complete transparency and proper documentation in the form of clear title plots.