It’s Diwali. The season of lights, joy, togetherness, and investments. Undoubtedly, most purchases, such as gold or electronics lose value over time. This festive season, how about buying an asset that appreciates in value and brings profitable returns? What? Plots!
A safe bet for investment
Plots are a less volatile investment option compared to gold, apartments and other assets. They are less unpredictable, and offer more stability in pricing. The cost of maintaining a plot is also lesser than a constructed property, and does not involve additional maintenance.
Appropriate appreciation
Assets like gold or electronics tend to lose their value over time. Plots on the other hand, appreciate in value.
Buying a land parcel in outer areas of metro cities such as Hyderabad is a lucrative option for those looking to invest in their homes or building homes in the future.
Finite Asset, infinite discounts
One of the biggest advantages of plots is that it is a finite resource. There is only a limited amount of plotted land available for ownership, and therefore owners can be certain that their investment will constantly be in demand. As a result, the price will continue to appreciate.
Developers are offering festive discounts worth lakhs, along with other incentives during this season. Additionally, financing options and reduced interest rates offered by financial institutions, work in favour of the investor. That is why purchasing a plot during this season makes it a sweet package deal.
This festive season, invest in plots that guarantee thriving returns in the future. TMR Group offers gated community open plots peppered with a plethora of amenities for your comfort and convenience. To know more about our group and projects,https://tmrinfra.com/
Hyderabad, the city of the Nizams and the pearls, has witnessed tremendous growth in terms of real estate expansion in recent years. As a thriving IT hub today, the city has expanded its horizons to accommodate the dreams of several people who now call it home. No doubt, this has translated to a surge in real estate demand, both for residential and commercial places.
While the real estate sector in many other cities continues to pick up momentum in the aftermath of the pandemic, Hyderabad has witnessed a monumental high in terms of its residential property registrations. The industry recorded a 30% YoY rise in property registrations in September 2023, compared to the September 2022 season, according to market researchers and industry experts.
Figures state that the total value of properties registered during the month stood at a whopping Rs. 3,378 crore. This figure too has increased by 42% YoY, thus highlighting the trend of the sale of more expensive homes.
The Hyderabad residential market is made up of four districts – Hyderabad, Rangareddy Medchal-Malkajgiri, and Sangareddy.
According to the report, the highest proportion of property registrations in Hyderabad in September 2023 was in the price range of Rs. 25 – 50 lakh. It accounted for about 51% of the total registrations. At the same time, properties priced below Rs. 25 lakhs constituted for about 15% of the total registrations, whilst the share of sales registrations for properties priced Rs. 1 crore and above was 9%.
Majority of these properties registered belong to the range of 1,000-2,000 sq ft, as this category of home size accounted for about 71% of registrations. The registrations for smaller homes (500-1,000 sq. ft.) however fell to 14% during September 2023, from 16% in September 2022. On the other hand, properties larger than 2,000 sq. ft., witnessed an increase in demand, as registrations rose to 11% during September 2023, from 9% in September 2022.
District wise, Medchal-Malkajgiri secured the top position with 45% home sales registrations, while Rangareddy district followed closely with 41% sales registrations. Interestingly, Hyderabad district accounted for just 14% of the total registrations in September 2023. The report also highlights that a large concentration of bulk transactions were for plush properties, which were bigger in size and offered better facilities and amenities.
Following the development activity in the city, developers in Hyderabad have prioritized the launch of larger units and independent homes, to give the market a further boost.
At TMR Group, we offer gated community open plots to build the homes of your dreams. Our vaastu compliant plots with amenities and profitable returns assure you of a flourishing future. TMR Green Meadows at Chegunta, in Medchal, and TMR Swiss County at Maheshwaram in Rangareddy offer prospects for a thriving future. To know more about these projects, visit https://tmrinfra.com/
DTCP stands for Directorate of Town and Country Planning. It is a government body that works in planning and regulating rural and urban infrastructural growth. They oversee the areas that come under their jurisdiction.
It is essential to obtain DTCP approval and without it, the developer might face legal repercussions.
On gaining the DTCP approval, developers can build gated communities and villas for their customers.
The importance of DTCP approval
Many people like to customise their homes and hence opt for open residential plots. This is where DTCP approval comes into play.
DTCP approval refers to the entire layout of the open plot that is approved by the state. Developers and builders have to obtain this approval to ensure that their work is carried out according to the rules and regulations of DTCP.
All layout plans have to be approved and agreed upon by DTCP before starting the construction process on the open plots. This is mandatory for all states and they must have such a separate government body.
The eligibility and criteria for DTCP approval in Telangana
Here are some of the documents necessary for the application process.
-Proof of ownership of the land
-Layout plan or building plan
-No objection certificate (NOC) from the concerned authorities
-Survey sketch of the land
-Soil test report
-Structural stability certificate from a registered structural engineer.
-Registered architect’s plan
-Building permit fee receipt
-Any other document as per the government’s norm
It can take up to 90 days to gain the council’s approval for the project. After which, you will receive an approval letter for the property layout.
Advantages of DTCP approval
There are various benefits of DTCP approved plots. For instance:
No legal issues
You are free of any legal hindrances after obtaining the DTCP approval. No one will interfere in the property development and everything can go smoothly.
Safety Compliance
The rules and regulations of DTCP approval compel builders to comply with safety guidelines. The design or layout along with road size and other infrastructure specifications have to be built to ensure maximum safety and security.
Ample amenities
The DTCP approval involves inclusion of well-built wide internal roads, sufficient spaces between two buildings and open space for parks or playgrounds. There is immense scope to equip the real estate projects with good amenities that assure a comfortable lifestyle to people.
At TMR Group, we offer a range of plots that are DTCP approved and RERA registered that comply with the state’s rules and regulations. To know more visit https://tmrinfra.com/
Vaastu Shastra is an ancient system of architecture based on old texts that describe the layout, measurement, design, alignment, preparation of land, spatial arrangement of various structures along with ways to integrate them with nature. Each aspect has a benefit and is considered to be auspicious.
While building a house or buying a home, it is important to choose a land that is considered pious. For this, we must understand the energy fields on Earth and its effect on the positioning of the land. Different types of energies emit powers that have an impact on our homes.
Here are five tips to keep in mind before purchasing a Vaastu compliant plot.
Shape of the land
Before buying a home, it is crucial to ensure the right shape of the plot. It is recommended that the chosen plot be either square or rectangular. Alternatively, a land that is wide in front and narrower at the rear is also beneficial, which is Cow shaped or Gaumukhi.
These plot shapes are considered to bring prosperity and more happiness to the owners. Hence, building homes on these plots is considered auspicious. Triangular, circular or plots with more than four sides are not favourable. These irregular-shaped go against the Vaastu principles and can be disastrous for the homebuyers.
Direction of plots
It is said that the directions are associated with different energies that affect people and their living experiences. Each direction has hidden magnetic energies and vibrations that people cannot see but sense as they start living.
According to Vaastu principles, the plots that face the Northeast direction bring immense luck and positivity to homeowners. As this direction is linked to wealth and joy. These principles are heavily influenced by the existence of the Sun in our lives. Even mild warmth is sufficient for our sustenance. Hence it is essential to gain maximum energy. So, the properties facing North and East are considered the most pious.
Plots facing Southwest, Northwest and Southeast are considered to bring bad luck and must be avoided at all times.
You can consult a Vaastu expert who will determine the geographically strategic location for your next home.
Roads around the plot
The roads leading to the plot or around them also must be Vaastu compliant. The position of these roads can have a significant impact on the living experience.
Plots with roads approaching from all four directions are considered to be the most ideal for residents. These plots are said to be well-balanced, inviting prosperity. Whereas, residence with three sides approaching roads is more favourable than two sides as there could be a potential energy block.
These land parcels with a road from the Southern direction are most unfavourable as per Vaastu principles. A road approaching from the North is considered to be the most ideal and emits positive energies. Roads from East, West & South are least beneficial and cause negative energy.
Soil quality
A good foundation for the home is necessary for a home owner’s well-being.
It is said that red, brown and yellow soil are favourable for the base of the home. These soils are also good for cultivation where one can grow fruits and medicinal plants, these are auspicious for the residents. Black soil, clay, or sandy soil create a weak foundation hence must be avoided for building plots.
Water test
As per Vaastu, the ground indicates positive energy of the home.
At the Northeast corner of the plot dig a pit and pour water. Wait for around three minutes, and if the pit holds water then it is considered to be auspicious. If the ground soaks water leaving less residue then that plot must be avoided. A clockwise movement of the plot indicates it is a good sign to buy the plot and it adds to the quality of the land. However, an anti-clockwise movement is said to be highly negative, increasing the probability of misfortune.
Green Meadows by TMR Group is 50 acres gated community project of spacious residential plots in Chegunta. These plots are 100% vaastu compliant built to bring immense luck, happiness and prosperity to the residents.
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/
