Factors that affect Property Valuation!

Hyderabad is a city that has seen many highs and lows in its time. When it comes to property investment, The City of Nawabs seems to be riding the high tide with joy. Hyderabad is soon gaining its due popularity as one of the most sought-after destinations for investment and is potentially transforming itself into an upcoming commercial and investment hub. Why do you ask? The property rates in the vicinity are appreciating due to several factors that we would be discussing in this article. These are the touchpoints (rather turning points) that are quite significant in changing the investment landscape of Hyderabad. Speaking of property valuation, these factors play quite a significant role in altering the course of a customer’s action. Let’s explore these factors one by one.

Skyrocketing Infrastructure Development

One of the primary reasons for anybody to even consider investing in a particular property in Hyderabad would be the rising number of infrastructure developments happening in the city. Be it for the proposed Regional Ring Road that’s gaining more popularity as RRR than the actual movie, or be it for the upcoming furniture SEZ that’s deemed to be one of the largest in the country, the exponential growth in Hyderabad is certainly attracting some of the biggest names in the industry.

All in all, infrastructure development is a pivotal element in price appreciation. When these developments offer seamless connectivity, hassle-free transport, well-built roads, etc., these factors will indeed prove to be growth promoters to the property value.

Expanding Amenities & Offerings

The property developers have realized the fact that providing basic facilities to customers won’t be enough. These days, developers cut corners (figuratively) in the name of cost-cutting and end up compromising on a lot more. That’s the reason, even developers these days are investing heavily in delivering unique experiences to customers by offering a plethora of amenities and discounts.

For instance, suppose a property is not offering a parking space, the value of that property will differ from the one that offers a parking space.

Government Rules & Regulations

The amount of changes in the policies that keep happening in the industry also impacts the property valuation. When the borrowing cost is cheaper, it certainly brings more buyers to the market and creates even larger demand and impacts the appreciation equally.

Also, discounts in stamp duty rates, circle rates, income tax benefits, GST rates, income tax benefits, etc., impact the demand of the property directly.

Population

The most obvious factor that impacts property valuation is the ever-increasing population. Higher the number of people in the city, the higher the need for housing and homes.

At TMR Group, we offer the best residential open plots at TMR Green Meadows in Chegunta. With the project close to the proposed Regional Ring Road and proposed airport and Nizamabad, these plots are developed in 50 acres gated community and are equipped with the latest state-of-the-art amenities and facilities. It’s the ideal place for you to invest and grow with TMR. Come, take the first-mover’s advantage and witness Hyderabad flourish into the future investment hub. Visit hyderabadplots.tmrinfra.com to know more.

Why invest in Chegunta?

In recent days, Hyderabad has been at the epicenter of several staggering developments in terms of growing social infrastructure, roads and highways and much more. Since the inception of Telangana as a state, these developments have always been on the upper side and Regional Ring Road (RRR) has been the main attraction or the talking point. RRR has been initiated to connect Hyderabad with several other districts in the state. According to some latest updates, Hyderabad is set to kick-start a 340-km long RRR project under the Bharatmala Pariyojana. The current plan is under Phase 1 and as many as 17 national highways including the NH44, NH65, NH163 and NH765 are set to connect various districts and towns in Telangana.

Since the inception of RRR, there have been a plethora of developments emerging in and around it. Here are a few highlights of the prestigious RRR project:

  • The project spans across 340-km distance
  • The estimated cost of the RRR project is reported to be around INR 17,000 crore
  • The northern part of the project ranges around 158 km while the southern part ranges about 182 km
  • The project covers areas such as Narsapur, Toopran, Gajwel, Yadadri (or Yadagirigutta), Pragnapur, Bhongir, Choutuppal, Ibrahimpatnam, Kandakur and Amangal to name a few

Chegunta – An upcoming opportunities hub

With a 1-hour driving distance from Hyderabad, Chegunta – a town in the Medak district, is set to be the next prominent destination when it comes to temple tourism, commercial and residential property developments. Chegunta is geared up to lead a flourishing future with the land value being appreciated at an incredible rate.

There’s a huge untouched market potential for food processing industries at Chegunta which the government has identified in the Medak district. With abundant accessibility to a multitude of agricultural produce, which acts as raw material for the food processing industries, these units, in turn, are bound to create a wide range of employment opportunities in the district.

Chegunta – A paradise for travelers & explorers

From the tourism perspective, Medak, Hyderabad, Bidar, Warangal (Orugallu), Nagarjunsagar are some of the important cities that are tourists’ favourite. Chegunta is also known for many other spiritual and historical attractions.

Pocharam Wildlife Sanctuary is a forest and wildlife sanctuary named for the nearby Pocharam Lake.

Medak Cathedral sees over the Diocese of Medak, the single largest diocese in Asia.

Medak Fort is a popular tourist attraction. The fort was originally constructed by the Kakatiya kings and later developed by the Qutb Shahi kings.

Kuchadri Venkateshwara Swamy Temple at Kuchanpally is a nearby Hindu worship place.

At TMR Group, our most renowned project, TMR Green Meadows at Chegunta is located close to the proposed Regional Ring Road, where the developments and opportunities to prosper are aplenty. Also, these 50 acres gated community plots are located on NH44 & AH43 where your investment is meant to grow by leaps and bounds in years. With such a profitable project up for grabs, you have a golden opportunity to grow with TMR. If you wish to know more about our project in Chegunta, visit www.tmrinfra.com or hyderabadplots.tmrinfra.com