Tag: real estate

Medchal Real Estate: A perfect place to Invest

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Located in Medchal-Malkajgiri district and around 25 kms away from the North of Hyderabad, Medchal is gearing up to become the hotspot of the city.

The town is strategically located in the proximity of the Rajiv Gandhi Airport, the Outer Ring Road and the National Highway 44. This area has several educational, healthcare centres, shopping centres and other amenities that are convenient to the audiences.

Seamless Connectivity 

The three National Highways (43,44 and 65) and the State Highway 17 provides access to the city of Hyderabad. A variety of public transport make their way to this area, making it a better connectivity.

Why invest in Medchal?

Located in Hyderabad’s North Zone, Medchal is exponentially developing, which has resulted in a lot of attention from potential buyers in the past few years such as:

Real Estate: The growth of the town’s infrastructure and connectivity has resulted in a growing demand for residential and commercial properties in Medchal.Real estate investment in Medchal has been growing steadily, and several residential and commercial projects are underway.

Industrial Investment: Medchal has a growing industrial sector, offering opportunities for industrial investment in various sectors like pharmaceuticals, electronics and textiles. The town also provides infrastructure and other facilities to small and medium-scale industries.

Information Technology: With the establishment of many IT companies in the area, it offers investment opportunities in software development, digital marketing  and IT support.

Healthcare: Medchal has several hospitals and healthcare facilities that offer  investment opportunities in healthcare administration, medical equipment and healthcare services.

Education: Medchal has a significant presence in educational institutions ranging from primary schools to colleges, offering investment opportunities in the education sector.

Property Market in Medchal

Medchal is a major property market on Hyderabad’s northern outskirts. It is well-liked among both investors and buyers. There are massive lands and potential for additional construction. The region offers a variety of residential plot options, most of which have been approved by the HMDA.

According to sources, 27% of houses for sale in Medchal are in the category of INR 20 Lac – 40 Lac, while 24% are in the range of INR 40 Lac – 60 Lac. This area’s most prevalent room configuration is 2 BHK, which accounts for approximately 59% of all houses for sale. 60% of properties here are residential plots.

The growing popularity for the area has also contributed to the hike in open plots where the buyers have an upperhand to customise their homes as per their fancy.

At TMR Green Meadows, we offer open plots that are 30 minutes from Medchal, which is well-connected to the city.

To know more about TMR Green Meadows or TMR Group log on to https://tmrinfra.com/

The rising demand for plots near suburban areas

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Owning a space that is away from the chaotic city life has been a dream for many. After COVID-19, this started to turn into a reality as work from home was a common sight. From offices to educational institutions, the world had virtually come closer which resulted in the demand for independent spaces. People started to move out from Tier-I cities to the suburbs or even smaller towns for spacious accommodation.

In Hyderabad, the value of plotted properties rose to 21 percent between 2018 and 2021, indicating a sharp increase in the demand for such properties.

Here are some of the reasons which have contributed to the increase in demand for plots in suburban areas.

Low population:

Most people prefer plotted development projects in city suburbs, as they have a low density population. They seek to live in a peaceful environment and hence make a switch to such parts of the city.

Flexibility in construction:

A piece of land offers the freedom to design the house in the way you like. It can help you express individuality and fit your way of life. Hence, the flexibility of construction is chosen over the restrictions in an apartment.

Affordable land rates: 

Low-priced plots in the outskirts of Hyderabad are a preferred option, as it allows a better scope for price appreciation. The increased land rates in the city have contributed to the affordability.

Quality of life:

The growing popularity of Hyderabad has contributed to the development in the real estate sector. With ample resources like water, land, electricity and the freedom to utilize them, the quality of life in the suburbs is preferred.

People have started flocking away from the hustle-bustle of the city towards the suburbs, where the peace and slow life is loved.

TMR Group ensures the best of tranquil living experience and vibrant city life.

To know more visit our website https://tmrinfra.com/

All about property and land registration in Hyderabad

All about property and land registration in Hyderabad

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Finding a piece of land to build your forever home is usually a once-in-a-lifetime opportunity. The factors dictating the consideration of the right land implies that it’s characteristics that suit your needs and your budget. Sometimes the method can become complex and improper information or advice can cause people to settle on the foremost convenient options. Also, you want to take under consideration all the legal conditions to avoid future disputes. The property registration refers to the legal recording of all documents as it infers the changes in the ownership and the other procedures required during the transaction of a plot.

Before purchasing the land, it is necessary to register all the documents which guarantee the legal ownership title to your property. The registration of land protects you from future disputes and frauds and helps you to possess an updated public record. However, the land registration process and charges vary from one state to a different state.

Land Rates in Hyderabad

Hyderabad has transformed into the second largest IT sector in India over the past few years and this has led to the development of a ton of economic opportunities which further has an impact on the rate of land in Hyderabad. The rates are usually higher in the busier areas of the city.

  • Kondapur – Ranges from ₹389-₹66,288 with an average being ₹31,915
  • Shadnagar – Ranges from ₹104-₹44,375with average being ₹42,322
  • Gachibowli – Ranges from ₹240-₹78,125with average being ₹35,728
  • Shamshabad – Ranges from₹111-₹45,459 with an average being ₹40,234
Registration Process of Land in Hyderabad

The buyer can visit the location to look at the land and discuss the worth of the property. After the oral agreement, both the vendor and buyer should need to record the agreement within the sort of documentation. The buyer must register online by uploading all the documents on the portal before booking a timeslot for the sub-registrar’s office for the formal registration. The agreement documents need to be made with the help of a knowledgeable lawyer for secure authenticity. Once the document is completed, you would like to pay the stamp tax counting on the state. Next, execute your sale agreement and register an equivalent within the Sub-registrar of assurance’s office by submitting all the related documents. Finally, the mutation of the property wiped out revenue records by visiting the local municipal authorities. With the authentication of these documents at the SRO and completing the other formalities, you will be able to register your land in Hyderabad.

The required documents are:

  • Original signed documents
  • Demand draft of the stamp duty
  • Property card, PAN card, Aadhar card
  • Identity proof of the respective buyers, sellers and witnesses
  • Power of attorney
  • Encumbrance certificate
  • Photograph of the property

At TMR Group, the wide spectrum of lands for sale in Hyderabad gives you ample opportunities to invest and own a plot of your choice at the location you desire. With clear title plots for sale in prominent locations such as Shadnagar, Shamirpet, Maheshwaram, Yadgirigutta and so on, TMR Group is your ideal choice to own the best plots in Hyderabad. To know more about our projects, visit www.tmrinfra.com now.

What is the future of SEZ in Hyderabad

What is the future of SEZ in Hyderabad?

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Hyderabad has transformed into a massive IT investment hub and both central and state governments are playing a crucial role in making Hyderabad the next IT hub by providing all the necessary resources, and support for the evolution of the IT industry.

It is among the major global centres of information technology for which it is known as Cyberabad (Cyber City). It includes the IT-enabled services, Office parks, business process outsourcing, entertainment industries, and financial services. It has a huge talent pool of IT, BT and R&D resources, which are essential inputs for the growth of any knowledge hub. It also has one of the most cost-effective commercial real-estate prices, making it a particularly attractive business destination and offshore centre. It also features a very progressive bureaucracy and has industry and IT policies that are among the simplest within the country.

How does SEZ impact the Hyderabad market?

Special Economic Zones are crucial for generating additional economic activity as well as for the promotion of exports of goods and services. They are also an opportunity to create large-scale employment and lead to the development of infrastructural facilities. Simultaneously, SEZs provide an opportunity for promotion and increment of investments from local and foreign sources.

The development of SEZs promoted several US-based companies to establish their operations in Hyderabad. Major US-based IT companies like Microsoft, Google, Motorola, Oracle, Yahoo, Samsung, HP, Amazon.com, Texas Instruments, GE, Qualcomm, Facebook and many more are in Hyderabad. Also, the major IT services firms of India like TCS, Wipro, HCL, Tech Mahindra and Cognizant have development centres in the city.

With the inauguration of the largest incubation centre for start-ups in Hyderabad called – T hub, where people can walk in with an idea and walk out with a product or a solution promoting entrepreneurship in the state, linking, educating and promoting all entrepreneurship-related stakeholders. The cost and time for opening up a start-up in Hyderabad are by far the most favourable across India.

SEZ statistics of Hyderabad

Hyderabad has several compatible factors to further fuel the growth in the IT sector. It has earned a worldwide reputation as a cosmopolitan city that’s known for its assimilative cultural ethos. Global e-commerce firm Amazon chose Hyderabad as the home for its largest warehouse in the world. Uber is setting up a state-of-the-art facility in Hyderabad, which will eventually be its largest international office with an investment of 49 Million USD. A joint venture of Boeing and Tata established an Aerospace facility in Hyderabad.

The IT exports from Hyderabad stood second in the country at 15 Billion USD in the Financial year 2019-20 improving from previous year $14 Billion USD 17.93% CAGR in Financial year 2018–19

The state also contributes nearly one-third to India’s production and one-fifth to its exports within the pharmaceutical sector. As a pharma and life sciences hub, Hyderabad is predicted to grow up to 100 Billion USD business generator by 2030, up from 13 Billion USD now.

It is visible that Hyderabad is assured to grow on account of several favourable factors for IT growth and it’s nothing but a matter of time before Hyderabad challenges the conventional IT Hubs of India as well as the world.

TMR Group is one such name that is synonymous with plots, investment and returns. With a wide spectrum of projects located close to the SEZ in the most prominent IT destinations, TMR Group is indeed a brand that’s preferred by most of the customers and investors alike. Our numbers speak for us when it comes to proving our track record and that’s what real estate development is all about – creating avenues for growth in the land of opportunities. Visit our website www.tmrinfra.com to know more about our projects.

First Time Property Buyers’ Checklist

First Time Property Buyers’ Checklist

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Buying a property could be the one primary reason most people work and save for in the greater part of their lifetime. It provides the people with a sense of safety and stability. Most people are looking to buy properties these days instead of renting or leasing because the real-estate market is a constantly growing market, rebounding its way back from the hit it took due to the pandemic and also renting and leasing are for a short term and the return on investment isn’t as substantial in comparison to buying as the value of the property increases gradually.

Challenges faced by first time buyers

People consider renting over buying a property over a few reasons. Firstly, it gives them a feeling of having lower liabilities. Paying a rent of 10,000 to 12,000 for a property that costs around 50-60 Lakh seems to be much affordable than paying an EMI of around 25,000-30,000 per month for the same property. Basically, it all boils down to affordability of the project.

Buying a home was seen as a status symbol by those born in the duration of 1950s and 1980s. Millennials, on the other hand, consider saving that amount to fund their overseas trip, buying a new car or a flashy phone.

Before renting a property, a number of formalities must be taken into consideration such as depositing a security amount and signing an agreement with various clauses including increase of rent by a certain percentage after every year or depending on the owner. The concept of leasing and renting is only for limited period of time and considering how the pandemic impacted the tenants who moved away for the lockdown but still had to keep paying rent for all the months they were away and the rents have increased all over, whether it maybe commercial or residential. The commercial real-estate market was one of the worst struck markets as many projects that had to be paused due to the sudden pandemic resulted in cancellations of pre-existing deals all leading to heavy losses for the builders, hence the market is ready for new buyers and many builders have introduced interesting offers to indicate so.  

Tips for the First-time buyers

  • Decide the kind of property you are willing to buy
  • Decide and stick to a budget for the investment you are ready to make
  • Determine the location you want your property to be in
  • To choose between hiring real-estate agents and using different real-estate websites
  • Choose a reputed builder
  • Visit the project site for a tour to understand it better
  • Try and negotiate the price to your budget, if required
  • Get a thorough appraisal
  • Close the sale

 

At TMR Group, we offer a wide range of NA plots for you to choose from. These plots are equipped with state-of-the-art amenities and are located in a gated community which offer 24×7 security. The plots are also strategically located in prime destinations so that you get good returns on your investment. So, if you are a first-time buyer and need to shortlist on a property, TMR Group would be an ideal place to start.