How is GHMC different from HMDA?

The real estate sector is one of the prime growth drivers of our economy and a key contributor to its GDP growth. The tremendous growth in the real estate sector has increased the demand for strict implementation of regulations to safeguard stakeholders’ interests and bring a sense of transparency to the sector. To bring about systematic changes in the real estate sector and make it more organized and regulated, the government decided to implement a regulatory framework along with well-defined policies. This strong framework minimizes the chances of fraudulent deals and sure crystal-clear transactions while protecting the interests of the buyer.

Implementation of these numerous regulations was made to substantiate the government’s motive to bring about economic reforms in the country through alleviation of poverty by providing affordable housing to economically weaker sections of society. Hyderabad is amongst the fastest growing metropolitan cities in India and it becomes quite difficult for us to understand the governing of such a vast city. If we take a closer look at the authorities that are present in the city, we stumble upon two major regulatory bodies- The Greater Hyderabad Municipal Corporation (GHMC) and the Hyderabad Metropolitan Development Authority (HMDA).

What is GHMC & how does it operate?

GHMC stands for “Greater Hyderabad Municipal Corporation” which was formed in 2007 by merging “Municipal Corporation of Hyderabad” with 12 other municipalities to form GHMC in 2007. MCH was initially responsible for the maintenance of streets, laying roads, public health, sanitation, etc. The functions and duties of both the bodies remained the same, but the area under jurisdiction is a lot more for GHMC. The main intention for the formation of GHMC was to provide better facilities in and around the city of Hyderabad and boost the development of the state.

The responsibilities of GHMC are as follows:

  • Urban development and planning of new areas
  • Garbage disposal and maintain the cleanliness of streets
  • Maintenance and development of roads, streets, and flyovers
  • Public Municipal Schools
  • Availing street lighting and maintenance
  • Maintenance of open spaces and public parks
  • Registration of births and deaths
  • Health and Sanitation
  • Tax collection

What is HMDA & how does it operate?

HMDA is an urban, high-power planning body formed in 2008 by merging the existing regulatory bodies. It was created to plan, coordinate, supervise, promote and secure the planned development of the Hyderabad Metropolitan Region. It coordinates the development activities of the Municipal Corporations, municipalities, and other local authorities. It is the second-largest urban development area in India. It is chaired by the Chief Minister of Telangana. Approval from HMDA guarantees infrastructural development and one must take approval before the initiation of the project.

The functions of HMDA are as follows:

  • Approvals of land utilization for various purposes
  • Approvals of architectural layouts and building options
  • Preparation of master plan for areas under its jurisdiction
  • Proposal and execution of urban development projects directly or through local authorities

At TMR Group, we bring crystal-clear transactions to the table through transparent working and documentation processes. We offer a wide range of RERA and HMDA approved plots in Hyderabad placed in the most sought-after locations of the city with great potential to improve your ROI. The strategical planning of our projects is to ensure the safety of your investment and a hassle-free experience. Visit www.tmrinfra.com to know more about our projects and get in touch!

Digital Land Survey in Hyderabad

Digital Land Survey in Hyderabad

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!

A beginner's guide to Super Built-Up Area, Built-Up Area & Carpet Area!

A beginner’s guide to Super Built-Up Area, Built-Up Area & Carpet Area!

Investing in real estate is momentous and life-altering event, so there’s utmost importance for well-planned decisions. Ever since the pandemic started, it led to the entire world shielding themselves in their respective homes and people got tired of having limited space which gave rise to strong demand for spacious homes and investment options. The real estate market has yet again begun to recover from the impact of the first and second lockdown thanks to the rising demand for spacious options and the buyer now has a preference for ready possession real estate options due to the possibility of yet another lockdown that would halt the progress of under-construction projects.

What is carpet area & how is it calculated?

It is the area that is used when you want to spread a carpet in the house or it is the net usable area of the apartment. The thickness of the internal wall is included in the carpet area but it excludes the area occupied by the balcony or terrace. In technical terms, the distance between the inner walls of a home is the carpet area. The staircase will be included if it is inside the apartment, but the balcony, lift, lobby, etc. will not be included in the carpet area.

There are several ways of calculating carpet area and you should know that carpet area is 70% of the built-up area. For example, assuming that the built-up area is 1,000 sq. ft then your carpet area is equal to 700 sq ft.

What is built-up area & how is it calculated?

In layman’s terms, the built-up area of a home is the carpet area plus the total area covered by walls. It includes balconies, terraces, mezzanine floors, and other detachable habitable areas such as servant rooms, etc. It’s important to know that the walls which are shared with other units are factored in at 50% while other walls are computed fully.

In a purely logical sense, the built-up area is the sum of the carpet area and the areas covered by walls, and in general, it is 10-15% more than the carpet area.

Suppose, areas covered as dry balconies, terraces add up to 10% of the built-up area while the usable or carpet area is just 70% of the built-up area. So, if the built-up area is 1,000 sq ft, it implies that 300 sq ft. of the total area is not usable and 700 sq ft is the carpet area.

What is a super built-up area & how is it calculated?

Super built-up area is the built-up area in addition to the proportionate share of the common spaces such as entrance lobby, corridors, staircases, lift shafts, lift lobby, generator rooms, clubhouse, security room, and the other common areas within the complex.

The underground sump, water tanks, walkways, swimming area, open sports facilities, weather sheds, inaccessible flower beds, lofts shall not include within the super built-up area.

Since super built-up area factors in the common areas such as elevator, veranda, clubhouse, etc., the developers consider 1.25 as the multiplying factor to calculate super built-up area and this increases the total saleable area by 25%. This percentage is called loading and few developers tend to quote loading figures while computing saleable area. So, if the carpet area is 600 sq ft, the builder adds a loading of 30%, you have to pay for 780 sq ft in total while using just 600 sq ft.

At TMR Group, we offer spacious HMDA and DTCP approved plots for sale in Hyderabad. The well-planned gated communities are replete efficient amenities in well-connected locations with seamless connectivity which promises a higher potential for improved ROI making TMR an ideal choice. Check out our projects at www.tmrinfra.com and get in touch with us!

Changing Real Estate Trends in Hyderabad

Changing Real Estate Trends in Hyderabad

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!