Tag: HMDA Approved Residential Plots in Hyderabad

Why buy a plot in a gated community at Chegunta?

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Investments these days have become quite targeted. People are hardly willing to invest in anything that poses a high-risk factor. Since the pandemic, the expenditure patterns of most have changed completely. A vast majority of people have cut down on their miscellaneous expenditures and have focused on saving. This is all due to the uncertainty that COVID-19 brought along with itself. The ever-evolving city of Hyderabad has transformed into a hub of futuristic developments. Owing to the enormous progress in all sectors of the economy including IT and Pharma, Hyderabad indeed is looking towards a bright future. These developments have created a tremendously strong job market which is the sole reason for several migrations from all over the globe. This inflow was directly proportional to the demand for good real estate options and the demand grew. The surge of developments throughout the city led to further development of neighbouring locales and towns, creating a potential gold mine for real estate investors.

Gated Community Plots: The Future of Investments

Gated communities are one of the safest and fastest-growing lifestyle options all over the world due to the level of convenience they offer. Investing in gated community plots is profitable for many reasons.

  • They have quality amenities that offer higher returns in the future while providing an exceptionally convenient life
  • Due to the rising demand for private living, people prefer gated communities as their option for investments
  • Maintenance is much lower due to shared expenses and saves a lot of money
  • Gated communities are systematically developed and hence, are likely to appreciate much quicker than under-developed projects
  • Owing to the amplified level of convenience gated communities offer with essentials all around, it boosts the appreciation on your investment
  • Gated communities have a better quality of development which appreciates the value of the land
  • Rentals in gated communities will be higher than normal because of the abundant availability of everything you would ever need

Buying a Gated Community Plot at Chegunta

Chegunta is an up-and-coming town in the well-connected district of Medak. It is connected to the rest of Telangana through NH-44 and AH-43, and its located quite close to major cities Hyderabad, Nizamabad, Kamareddy, etc. with only a 30-minute drive to the Outer Ring Road. Chegunta is home to beautiful weather throughout the year and is a pollution-free environment which has created an agrarian industry here. Greenery is abundant and Chegunta accommodates several good schools and colleges in its proximity.

The Government of Telangana has discovered the huge untapped potential for establishing industries related to food processing. There is abundant availability of several kinds of agricultural produce, which acts as raw material for the food processing industries. These units, in turn, would create employment opportunities in the district, and as the industries grow, the value of land is bound to appreciate to unimaginable heights. This massive scope for development is the prime reason why Chegunta has incredible potential for profitable investments.

At TMR Group, our focus lies in creating safe and profitable investment opportunities for everyone, even during this uncertain time. We assure utmost transparency in the procedure and prioritize the quality of development. Chegunta is a thoughtfully picked location owing to its tremendous potential for development in the near future, making it a gold mine for investors! The weather here is beautiful throughout the year, and the atmosphere is pollution-free. It is a lovely place to live in and make the most of its growth with hassle-free returns on your investment. Visit www.tmrinfra.com to know more about us. You can easily book a site visit through our website and check out the project that interests you. 

Plot Investment Potential in Chegunta

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As a forefront of next-level development in all sectors of the economy, Hyderabad is most certainly on its way to the very top. In the last decade, its growth has seen a pointy upscale graph that has earned noteworthy worldwide recognition. Hyderabad now hosts a few of the largest offices of the biggest known brands in the world like Google, Amazon, Accenture, etc., and has an incredibly strong job market. This is the main reason for countless work-related migrations from all over the country and the rising demand for quality real estate, residential and commercial, in the city. The real estate prices of locations in and around Hyderabad are appreciating at a phenomenal level, making it a potential gold mine waiting to be mined. The boundaries of Hyderabad have grown drastically and have increased its territory by including the so-called outskirts a few years ago, to be budding locales of the city. 

Why are Plots the Future of Profitable Investments?

Times have changed completely owing to the Covid-19 pandemic. No matter how hard we might try, some things can never go back to the way they were. This includes the investment patterns and strategies that people once used to possess. Today, there’s little to no room for risk factors when it comes to investments because no one really knows what might happen tomorrow, considering the Covid-19 virus still lurks around. One of the very few remaining low-risk and high gradual returns investment options that exist are the plots in Hyderabad. Let’s check out the benefits of investing in the right plots:

  • Minimal risk thanks to regulatory committees like RERA, DTCP, HMDA, etc. and potential for high gradual returns
  • It acts as a safety bubble that protects your family from any unforeseen events
  • The initial cost of investment is considerably low, and loans can help you out
  • It offers unmatched flexibility as you can sell it on any day and reap the benefits or choose to build your own home
  • Little to no maintenance costs
  • You can get the possession without any hassles as there’s no construction involved, and the possession is almost immediate

Plot Investment Potential in Chegunta

Chegunta is an up-and-coming town in the well-connected district of Medak. It is connected to the rest of Telangana through NH-44 and AH-43, and its located quite close to major cities Hyderabad, Nizamabad, Kamareddy, etc. with only a 30-minute drive to the Outer Ring Road. Chegunta is home to beautiful weather throughout the year and is a pollution-free environment which has created an agrarian industry here. Greenery is abundant and Chegunta accommodates several good schools and colleges in its proximity.

The Government of Telangana has discovered the huge untapped potential for establishing industries related to food processing. There is abundant availability of several kinds of agricultural produce, which acts as raw material for the food processing industries. These units, in turn, would create employment opportunities in the district, and as the industries grow, the value of land is bound to appreciate to unimaginable heights. This massive scope for development is the prime reason why Chegunta has incredible potential for profitable investments.

At TMR Group, we believe in foresightedness. We saw the potential in Chegunta and decided to create quality living and investment options in the form of the well-developed residential plots at TMR Green Meadows, Chegunta. It is a 50-acre project that delivers E.C.O. (Ecology. Connected. Outgrowth) villa plots. With the added advantage of seamless connectivity to major highways, the land value is growing at an incredible rate, and Chegunta is heading towards a flourishing future. To know more about TMR Green Meadows and to book your site visit, you can go to www.tmrinfra.com and get in touch with us!

Tips to avoid land frauds while investing in plots!

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Like any other industry that involves heavy transactions, real estate is also susceptible to frauds and scams. Investing in real estate is a life-changing decision that takes up a big chunk of your hard-earned money and obviously, you wouldn’t want to get scammed. There’s immense pressure on you to make the right decisions regarding your investment and avoid frauds simultaneously. Since the introduction of RERA (Real Estate Regulatory Authority) in India, the number of frauds and scams has reduced by a lot but still, it’s important to know the different types of scams or fraud attempts that you can come across.

Types of Land Frauds

  • Delay in the time of delivery is one of the more common types of fraud where the project is not completed as per the promised time
  • Uninformed changes in the specifications mentioned in the agreement
  • When sale and deeds are executed before the necessary licenses and permissions for the construction of the building are procured
  • Hidden clauses in the agreement that could affect the buyer
  • Disputes in the ownership of the land ultimately put the buyer’s investment in jeopardy
  • Real estate agents may overcharge for a property under false promises of high returns and quick development
  • There are times when the same property is sold to numerous buyers
  • Sometimes a random person might pose as the owner and execute the sale

Tips to Avoid Land Frauds

  • Never rush into a real estate investment. Do your research. Tally the real estate rates from multiple sources and make sure you are being quoted the right price for the property. Real estate developers may cunningly tell you that there are only a few units left and you need to quickly decide, or offer you discounts for booking quickly. However, it is at your discretion to take your own time to check and decide.
  • While choosing to invest in an underdeveloped area, make sure that the area is going to develop in the future. You can check the potential of the land by calculating its distance from the airport and its proximity to growing industrial sectors as some areas do not develop even after two or three decades.
  • There’s no harm in taking advice from experts in the market
  • Never buy the property because the images online or the brochures look good. Make a visit to the site and see for yourself and speak to the locals of the area like shopkeepers and petrol pump executives.
  • Check the track record of the developers thoroughly and don’t shy away from asking for references of previous buyers as it helps you confirm their reliability. Online reviews are a big help too.
  • Ensure that the project is approved by banks for loans as that indicates authenticity because banks only approve the projects after a thorough inspection
  • Ensure that the ownership of the land is clear and ask for copies of permissions, approvals for the project, as well as that of the title deed
  • Examine the documents carefully, multiple times, and understand every clause and its implication. Have the documents read by a legal expert who can help you out and if any discrepancies are found, speak to the developer to get them changed or back out from the deal.
  • Ensure that the timeframe of the construction is clearly mentioned along with a delay clause that benefits you if the project is delayed
  • Most importantly, always purchase properties from reputed builders and ensure that the projects are regulated by the respective authorities such as RERA, HMDA, and DTCP as this adds an extra layer of security, protecting you from frauds and scams

At TMR Group, we offer clear-title open plots in Hyderabad. The projects are registered under RERA. The well-planned layouts accommodate DTCP and HMDA approved plots in Hyderabad. We prioritize the quality of development and complete our projects’ top-class amenities that are likely to improve your ROIs. Our projects are thoughtfully placed in locations that have tremendous potential to grow and are well-connected to the airport and the rest of the city. Visit www.tmrinfra.com to know more about us and book a site visit today!

Digital Land Survey in Hyderabad

Digital Land Survey in Hyderabad

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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!

Home Loans for NRI’s

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Real estate developers have always considered NRI’s as an important part of their target audience and the NRI crowd also prefers investing in India because when a comparison is made with the foreign real-estate, India offers much better properties at a much reasonable price making it an ideal choice for NRI’s.

NRI’s Investment Market in India

NRI’s have always played a crucial role in the Indian real estate market. The main reason for their investment is generally either sentimental value to their origin or as a backup plan just in case they ever plan on moving back to India. Generally, they just buy and put up properties for rents assuring a steady sum of the amount coming to them with definite safety and increment in their investment. The currency advantage due to the depreciating rupee plays into their favor, raising their purchasing power. To smoothen the pot, NRI’s can also apply for home loans and they get similar tax benefits like the Residential Indians with respect to repayment and interest rate if they meet a few criteria. Foreign Exchange Management Act 1999, defines an NRI as someone who resides outside India for, “employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period”. It also says that an individual will also be considered NRI if his/her stay in India has been less than 182 days during the preceding financial year and anyone meeting these criteria can apply for home loans in India. 

Benefits for NRI’s Investing in India

NRIs can be benefitted from the tax deductions only if they have an income that is taxable in India. If they have taxable income in India, they are eligible to claim deductions on the repayment of interest and the principal amount from the taxable income as per Section 24, 80C and 80EE of the Income Tax Act.

Here’s a list of all the benefits NRI’s can get while investing in real-estate in India if they are defined under FEMA:

  1. An NRI home loan can be availed to meet all of the property-related requirements, including purchasing a house, constructing a house and renovating an existing property in the country.
  2. The difference between the value of foreign currencies like dollar or euro in comparison to rupee give a great advantage and raises purchasing power.
  3. The application process is hassle-free and barely takes up any time.
  4. With most banks, a candidate can apply for an NRI home loan online. The process is easy and transparent. The tracking of the application is also very easy, from anywhere in the world.
  5. Almost all banks provide a prepayment facility for either none or very little extra fees.
  6. There is no restriction on the number of properties NRI’s can purchase in India. However, agricultural land, plantation land, or a farmhouse cannot be purchased, only residential and commercial properties.

Home Loan Interest Rates for NRI’s

Most banks offer NRI home loans that have attractive interest rates on a monthly reducing basis. The candidates also have the option to choose between fixed or a floating interest rate but the candidates must be under the following regulations:

  • Age: 18-70 years
  • Nationality: Indian, Non-resident Indians (NRIs) and Persons of Indian Origin (PIOs) are all eligible. Overseas Citizens of India (OCIs) are also eligible except citizens of Afghanistan, Bangladesh, Bhutan, China, Iran, Nepal, Pakistan and Sri Lanka.
  • Work Experience: At least two years of experience in the company he/she currently works for
  • Loan Amount: The amount depends on an individual borrower’s profile and differs from person to person
  • Loan Tenure: Most banks allow a loan tenure of up to 30 years
  • Prepayment Charges: The prepayment charges for most lenders are 0%-2%
  • Late Payment Charges:For most lenders, late payment charges are 1%-3%
  • Other Prerequisites: NRIs require an Indian resident to be a co-applicant, co-borrower or co-owner of the respective house or property
  • Interest Rates: Interest rates vary for different banks, like SBI and HDFC offer 6.70%-7.00%pa, ICICI offers 6.70%-7.95%pa, LIC Housing Finance offers 6.90%-7.30%. The overall range of the interest rates is 6.70%-8.90% in 2021.

TMR Group believes that every NRI is still as much Indian as the rest of us. Therefore, all our projects offer the best deals on home loans for NRIs. They have excelled in their field and are making India proud overseas. It is our humble way to say – thank you and offer them NA plots in Hyderabad with the best returns.