Diversified Workforce Driving The Real Estate Growth In Hyderabad!

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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:

The Rise of East Hyderabad: A Realty Hotspot!

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Rapidly developing infrastructure, prime location potential, and government-backed growth- are the factors that have made Hyderabad a go-to destination for real estate investments.

In the recent past, there has been a substantial rise in the demand for real estate in Hyderabad.

The city and its eastern pockets have become a hotspot for real estate that promises huge profits through asset appreciation and increased RoI to the property holders.

Property prices in east Hyderabad have seen a steady increase in recent years. The infrastructure development projects undertaken by the Telangana Government and other investor-friendly policies have boosted this growth. The swiftly expanding state- infrastructure, advantageous location, and government backing for further growth, have pushed the area to become a sought-after hotspot for investors from all walks of life.

What are the prime reasons that make East Hyderabad the best investment opportunity? Read on to know

Prime Hub

Strategically located near major IT hubs and the upcoming Pharma City, East Hyderabad is the ideal investment for professionals working in the IT and pharma industries. The industries are among the major drivers of Hyderabad’s economy and promise adequate growth over the coming years.

Infrastructural Growth

The development of two big IT parks in East Hyderabad stands as testimony to the growth of this region. The NSL Arena and DSL Abacus, located on Ramanthapur road (NH 202) in the east have paved the way for excellent residential infrastructure development and aided the commercial growth of allied businesses in the region, thus pushing the demand for real estate.

Affordability

East Hyderabad offers more affordable prices when compared to other prime locations in Hyderabad. With a diverse range of real estate offerings, it has something to offer people across all strata. This makes the region an attractive choice for home buyers and investors looking to diversify their portfolios to secure their financial future. 

The Big LEAP

Telangana government’s “Look East Policy” (LEAP), encourages IT industries and other associated businesses to set up offices in the eastern part of Hyderabad. Easy access to the Outer Ring Road (ORR) and proximity to IT hubs like Gachibowli, HITEC City, and others have also promoted East Hyderabad as the go-to destination for those looking to invest.

ITIR Rise

The Information Technology Investment Region (ITIR) development plan focuses on the eastern part of the city. It is predicted to bring about a new era of growth and opportunity for the city. The Telangana Government’s decision to expand the industry to the city’s eastern region has already attracted major players in the corporate world. Additionally, both Indian and global companies and thousands of startups have their presence here. Uppal, Adibatla, Pocharam, Yadagirigutta and Maheshwaram, are regions poised to become major players in the city’s tech scene. 

With excellent connectivity and growing infrastructure. East Hyderabad is emerging as a prime real estate investment destination, offering luxury, convenience, and government-supported development.  It offers easy access to world-class amenities and to other parts of the city and has become a hub for those seeking the best of both worlds.

Come make the most of this boom, with investments of strong potential for growth at this residential and commercial hub. With TMR Kshethram One at Yadagirigutta, and TMR Swiss County at Maheshwaram, own your very own piece of growth and development at the most promising and sought-after locations in Hyderabad.

These residential plots communities, developed by TMR Group are located at destinations strategically chosen for their connectivity and potential for growth.  Here, you lay the foundation for a fulfilling future of prosperity for you and your family. To know more about TMR Group and our projects, visit https://tmrinfra.com/

References:

https://www.ahmedabadmirror.com/the-rising-demand-of-east-hyderabad—a-real-estate-hotspot/81852775.html

https://rera.news/updates/East-Hyderabad-A-Real-Estate-Hotspot-with-a-Surging-Demand

Hyderabad’s Peripheries Emerge as a Hub of Realty

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Hyderabad has long been booming as a major city of Deccan. The initial rulers of the Chalukyas, the Kakatias, the Bahamani Sultanate, and the Qutb Shahi Dynasty made this city a thriving centre. Then came the Nizams in the 1700s, who made Hyderabad India’s largest princely state with its own currency, mint, postal system, and railways.

In the last three decades, after 1990, the city has bloomed as an influential IT, Pharma, research, and education hub, which has propelled its high growth trajectory.

The formation of Telangana as a separate state pushed for fast-track growth and upgradation of roads, urban infrastructure, metro-rail, modern airport, telecommunications, and fast connectivity in the city and to the peripheries and adjoining districts of Hyderabad. Undoubtedly, Oxford Economics ranked the city as the fourth fastest-growing city in the world in 2020.

The boost and the growth have turned the city into India’s fastest-growing real estate market. According to market research and studies, in 2021, Hyderabad absorbed 6 million sq. ft of commercial space, among the highest number in metropolises. The residential rates in Hyderabad jumped from 3% to 5% in 2021, the highest among major cities.

Such has been the growth frenzy that, in the last few years, even the earlier suburbs have coalesced into the main city. The core areas of the city have been exhausted. And now, the quest for newer areas for development has progressed to miles further down. The peripheries have emerged as the hotspots for real estate growth today. The once sleepy outskirts such as Tellapur, Chegunta, Narsingi, and others have become a hub for new real estate development.

Hyderabad’s residential market includes four districts – Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy.

In the month of December 2022, Medchal-Malkajgiri saw the maximum home sales registrations at 42%, followed by Rangareddy district at 36%. On the other hand, Hyderabad district witnessed just 16% of total registrations during the same period.

The availability of vast land tracts in the adjoining areas in the west and northwest has pushed developers and builders to tap into the potential of these new suburbs. Simultaneously, young investors are looking to invest their earnings into new areas/suburbs that will grow over the years. This has built a harmony of sorts between property developers’ initiatives and property seekers’ demand for new suburbs.

The government’s initiatives, like the proposed Hyderabad Pharma City in Rangareddy or the food processing industries in the Medchal district, are bound to create a wide range of employment opportunities in these areas. This will further encourage investments as the peripheries become the upcoming opportunities hub!

Projects by TMR Group are located in areas close to the core of development for you to prosper and grow. Plots at TMR Green Meadows at Chegunta are located close to the proposed Regional Ring Road for your investment to grow by leaps and bounds in years. To know more about our project in Chegunta, visit www.tmrinfra.com

Telangana Budget 2023- A Boost to Real Estate Across the State!

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The Finance Minister of Telangana State, T Harish Rao, presented the annual budget for the fiscal year 2023-24 in the state assembly this month. The budget presented of INR 2 90,396 crore for the year consists of total revenue expenditure of INR 2 11,685 crore and a capital expenditure of INR 37,525 crore.

The budget focused on public welfare and infrastructure in the state. The Finance Minister introduced a robust budget with specific allocations to infrastructure development and has earmarked Rs 11,372 crore to the Municipal Administration & Urban Development (MA & UD) Department. A part of the budget is also allocated for the development of Infrastructure and Traffic Flow in Hyderabad.

Real estate experts anticipate that this emphasis on infrastructure development and public welfare will pave the way for the growth of the housing sector in tier-2 and tier-3 cities of the state.

The problem of traffic congestion is quite prevalent in the state. The state government has announced several SRDP Projects to address it, including developing flyovers, underpasses, foot-over bridges, and road-over bridges.

One of the major focus areas of the state budget was to curb unemployment in the state. It has proposed the development of various industries, including the food processing industry, and the development of IT Infrastructure in the state. It has also allocated INR 4,037 crore for the industries department, creating a conducive business environment to attract investments.

Infra development and employment generation increase the financial potential of the population. This additional capital may be invested by people in the housing sector and will directly impact the demand for real estate in the state.

Industry experts point out that Hyderabad has developed mainly because of its well-connected roads and infrastructure. With a boost in infrastructure, the state will witness the growth of tier-2 and tier-3 cities in the long run. The proposed industrial corridors in the state will all develop along the National Highways. This will further boost the development of residential clusters across the state.

The Finance Minister has also allocated INR 7,890 crore to construct double-bedroom houses for the poor. These homes will benefit over 2.5 lakh eligible persons in the state, thereby boosting the housing sector.

The state budget for 2023-24 and its allocations are a positive boost to the real estate and construction industry. No doubt, it will have a long-standing impact on the sector.

At TMR Group, we plot your future growth with our projects. Our open residential plots at TMR Green Meadows in Chegunta are close to the proposed Regional Ring Road and proposed airport and Nizamabad for enhanced connectivity in the future.

Developed in 50 acres gated community, these plots are equipped with the latest state-of-the-art amenities and facilities and make the ideal investment for a profitable future. Come, book a site visit, and witness your future flourish. Visit https://tmrinfra.com/ to know more.

References:

https://www.thehansindia.com/business/telangana-budget-to-push-realty-growth-across-state-782310

https://www.bizzbuzz.news/markets/telangana-budget-2023-to-push-realty-growth-across-state-1197618

PLOTS vs. FLATS What do consumers prefer?

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A property purchase is one of the most significant investments you make in your lifetime. It is a long-term financial commitment and considerably impacts your finances. Not forgetting that we are all at different stages of our investing journey. Some of us are first-time homeowners, some others are looking for a second home, and others an investment that helps earn additional income.

But whether you are a first-timer or a returning buyer, there’s one dilemma we all have- to buy a plot or a flat – which is the better investment?

Market studies point out that more than 50% of home buyers prefer new, ready-to-move houses in Hyderabad. However, there’s also an equal percentage of buyers who look for plots and other older properties.

A few critical factors need to be considered before you choose between the two – easy financing, high returns, tax benefits, etc. 

Let’s take a look at the Pros and cons of flats and plots based on a few pivotal parameters.

  1. Flexibility:

Plots offer a lot more flexibility when compared to flats. They allow you to build your dream house according to your preferences and taste. However, in the case of flats, you have no say in deciding the structure of the house.

  • Appreciation rate of property:

Returns on your investment are higher in the case of open plots. Plots appreciate faster than apartments. This is mainly because plots are less in supply in the market.

Flats are also prone to deteriorate over time, which in turn, is likely to result in a decrease in their values. Land is an appreciating asset; hence, you’ll always get a better plot return.

  • Financial assistance:

The Loan-to-Value (LTV), compared to flats, is less for plots in Indian cities. While the Loan-to-Value (LTV) is 80-85% for flats, for plots, only 80% Loan-to-Value (LTV) is allowed. In the case of resale land, this Loan-to-Value (LTV) is only 50%. Also, you can only get a loan for buying a residential plot if the local authority has approved the land.

Hence, arranging funds and capital for open plots is a bit more hassle. On the hand, financial assistance is easily available for purchasing flats, and smoother.

  • Delivery:

Unless you are buying a pre-owned flat, possession of an apartment may require months or even years. Plots are usually ready for possession. If you’re buying a plot in a township, you are likely to get possession of the plot earlier than a flat. This allows you to customise and build your home as and when you want.

To conclude, both plots and flats have their fair share of pros and cons. What to invest in depends on what fits your budget, your financial abilities and liabilities, and your family’s needs. If you are merely looking for an investment for your funds, a plot, however, sounds like a better deal. Investing in a plot in a location that has proposed development and will see appreciation in the future would be a good idea.

At TMR Group, our plots are located at the epicentres for development for thriving returns. TMR Green Meadows at Chegunta, just 30 min away from Medchal, is a plotted community spread over 50 acres for an investment that grows along with you. To know more, visit https://tmrinfra.com/