Tag: Infrastructure Development

All you need to know about DTCP approval

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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/

Hyderabad real estate market is at its peak!

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Hyderabad’s real estate continues to make rapid strides and is expanding rapidly across the state without showing signs of a slowdown or fatigue. It exhibits an uncanny resilience and remains unperturbed by impacting factors, including the worldwide economic slowdown.

New areas along the suburbs and beyond have come up owing to state policies and infrastructure development. The city’s peripheries have been stretched with more promise for development. Keeping up with this positive vibe of Hyderabad’s residential market, prospective property seekers are actively expressing interest not only in the developed property zones and the city’s central districts but also in the new and emerging ones.

The west and north zones have undisputedly led the momentum of the city realty’s success story. Their growth has attracted local property buyers and investors from across the country. These are also the preferred localities by the NRI community from Telangana and other southern states. Simultaneously, localites and migrants working in IT and Pharma continue to explore the option of investing and acquiring property in western and northern Hyderabad.

The vicinities of the north and west Hyderabad are adding more momentum to the core city. Locations like Tellapur, Medchal, and others which were little known till a few years back, are now bustling with residential real estate.

According to yearly industry reports, Hyderabad’s residential market continued with its momentum of strong sales, which started towards the end of 2021. In the year 2022, the city recorded a 28% year-on-year growth. The housing sales in 2022 accounted for 31,046 units. This figure, reports highlight, is the highest sales recorded in the city since 2011.

There was also a substantial rise in new launches, with the addition of 43,847 new units in 2022. Capitalising on this shift in home-buyers sentiments, developers also launched a steady number of new projects in the city during the year. Meanwhile, the average prices of real estate in the city grew by 6% year on year in 2022.

According to reports, Hyderabad’s residential market recorded a sale of 16,353 units in the second half of 2022. The total launches in the last six months of 2022 grew by 18% to 22,491. North Hyderabad witnessed a growth of 19% in the share of total sales from July- December 2022.

Hyderabad has residential offerings that match every need and every budget. However, the mid-ranged housing of Rs 50 lakh to Rs 1 crore accounted for 45% in the second half of 2022. The ticket size segment of Rs 1 crore and above also gained traction. The need to upgrade the homes to meet the growing requirements of space has resulted in a substantial demand for ticket sizes higher than Rs 50 lakh.

Despite significant obstacles, including geopolitical developments, an increase in house mortgage rates, and other factors, the city’s residential sector has witnessed a rise. The demand for higher-value properties is still strong, thus preserving the market’s upbeat outlook.

Ever-growing job opportunities, infrastructural advancement, affordable housing for every pocket, superior standards of living, and excellent connectivity have made an investment in north Hyderabad an investment for the future. With TMR Group, invest in plots in the hotspots around Hyderabad that unlock a future full of growth and profitable returns for you and your family. Visit https://tmrinfra.com/ today to know more!

Hyderabad: Ideal destination for real estate investment!

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Hyderabad – the land of pearls and the Nizams is today a sprawling metropolis with a diverse population. Its population demographics have shifted to a progressively multicultural population, with the number of people from various cities across India who have settled here for job opportunities witnessing a significant rise in recent years. Hyderabad is one of the most rapidly growing commercial centres in India today and is home to many of the country’s and world’s top IT, ITeS, banking and multi-national companies.

This commercial rise has in turn fuelled the demand for residential spaces in the city. Apart from localities and people working in the city, there is also a demand for residential investments by people from other parts of the country. The market is now being invested in by businessmen and employees from the Northern States, including Punjab, Delhi, Gujarat, and southern cities like Bengaluru, Chennai, Kochi and others. A report has highlighted that the trend investments from other States in flats and properties in and around the city has increased by nearly 15 per cent, in the last couple of years.

Here are the top reasons that make Hyderabad the ideal destination for real estate investment:

Stable price rise

The pandemic had disturbed the market everywhere. Despite this, the real estate market in Hyderabad has been stable and has witnessed positive growth. Reports suggest that sales here have increased by a whopping 142%, since 2011. And while price levels have been on a steady rise, they have been balanced to avoid financial disruptions to the economy. This is proof that the city’s real estate market is strong and has enough momentum to withstand any capital value erosion that might come in the future.

Political stability in the state that supports the industry

A stable political environment, policies that promote growth and several laws that promote IT development and foreign investment in the state have created an ecosystem that nurtures the IT and allied industries in the state. No doubt Google Amazon, Microsoft, and thousands of other tech companies, unicorns, and start-ups have their base here.

Infrastructural development and quality of life

The city, in recent years, has taken major leaps in infrastructure and connectivity development. Transit has been eased with buses, Metro, and MMTS light rail services connecting the city across all its corners, right from the west part of the state to the Far East.

Three major national highways i.e.  NH-7, NH-9, and NH-765 dissect the city.  The Rajiv Gandhi International Airport (RGIA) of the capital is rated as the world’s fifth-best airport in the category of 5-15 million passengers globally. The Outer Ring Road on the other hand provides excellent connectivity to the airport and will shape Hyderabad’s future development. The vast land parcels around the area will experience exponential growth in the coming years.

Development of new markets in the city

There has been 360-degree growth in all parts of the city. West Hyderabad, due to its sheer proximity to major banking and financial services and IT/ITeS hubs in the city has witnessed a rise in demand for residential and commercial spaces. Districts like Medchal-Malkajgiri, Rangareddy and Sangareddy, have also seen high growth in real estate transactions. On the other hand, Secunderabad and prime markets like Banjara and Jubilee Hills continue to thrive as locations in demand. 

There’s no doubt that Hyderabad is currently an investor’s paradise. There’s scope for high growth potential with excellent returns on investments here. The socio-economic infrastructure and development have picked pace and witnessed rapid growth while the well-planned IT and telecom infrastructure supports it.

Hyderabad checks all criteria for a booming metropolitan which is why investing in land here can be a profitable investment opportunity for all. Plots by TMR at TMR Swiss County in Maheshwaram and TMR Green Meadows at Chegunta are strategically connected to the core of the city seamlessly for the potential for growth. Rest assured, an investment in plots here will give you maximum appreciation in the future. Visit https://tmrinfra.com/ for more details!