5 Amenities You Must Check When Buying Property in Hyderabad

When planning to buy a home, we all look for the best property. From location to the design, size, furnishing and amenities, we want everything to be the best. Home is not just a shelter but a place where we spend our rest of the life. To ensure that we live a happy and comfortable life, the property you buy should have certain amenities. If you are looking for luxury homes in Hyderabad, here are top five amenities you must check.

1. Ventilation: Though we use air conditioners and heaters as per the season, natural ventilation is also important in your home. When looking for property in Hyderabad, check projects for good ventilation and airspace. Due to high-rise apartments in every city, getting a well ventilated home is one of the biggest challenges. Buy a flat with ample lung space, light and air supply.

2. Power backup: Whether you are buying affordable home or luxury home in Hyderabad, regular power supply is a basic requirement. You should not negotiate on this, no matter how amazing is the design or how cheap are the property prices. For a city like Hyderabad, you cannot imagine spending a day without power supply.

3. Parking space: Most of the residential apartments are launched with private parking space. If you are planning to invest in upcoming projects in Hyderabad, carefully read about the specifications and parking space. Ask builder about the parking space for different flats. For instance, there should be space for at least 3-4 cars for a buyer of 3 BHK flat.

4. Pest control measures: To ensure good health of your family, make sure the house you buy is pest controlled. Though you can also get it done, but investing in a home which pest control measures ensure complete protection. You cannot wait for the problem to arise to find the solution.

5. Balconies and terraces: Top builders in Hyderabad are now launching projects with spacious balconies. Though getting terrace in apartments might not be possible for all, you can at least look for a large balcony. These spaces are important to enjoy the natural beauty, for sit outs and other purposes. 

Post By : Shrikant Sain

For more: propchill.com

Contact number: 7827456456

Email ID: propchill01@gmail.com

Affordability drives residential real estate growth in Hyderabad’s Bachupally

Real estate market in Hyderabad has a huge potential for every type of properties. Though the complete city is full of investment opportunities, some regions like Bachupally in the North-west Hyderabad are gaining more popularity. Factors like improved connectivity, proposed infrastructure projects and Investment Technology Investment Region (ITIR) have worked as the driving force behind the growth of residential real estate in Hyderabad.

Falling under Greater Hyderabad Municipal Corporation (GHMC), Bachupally has emerged as a prominent housing market. In today’s time, it is one of the most preferred areas for affordable housing in Hyderabad. Here are the major factors favoring residential expansion in this realty market in Quthubullapur district.

Commercial prospects

Reputed IT companies including Tech Mahindra, Mouri Tech and a specialized economic zone (SEZ) are located close to Bachupally. Apart from this, pharmaceutical, apparel, and manufacturing units tailoring to the occupation needs of individuals are also located close to this locality. This is one of the reasons behind growing demand for residential real estate in Hyderabad this area.

Modes of commutation

Bachupally is a well-connected locality with a number of conveyance options. It offers smooth connectivity options via ORR. One can reach HITEC City and Gachibowli from Bachupally just in 20-30 minutes. Further, people who prefer traveling via public transport can easily find buses and trains from Hafeezpet railway station.

Housing landscape

The commercial expansion has worked as a real estate trends accelerator in Hyderabad. Ample employment opportunities and social facilities make it a convenient residential destination. Real estate trends in Hyderabad show immense growth opportunities for this region. Ranging from mid-sized affordable housing units to luxury apartments, the area has plenty of choices for every type of home buyers.

However, encroachment by illicit developers has made it difficult for the investors looking for real estate Property in Hyderabad to find a right option. The property buyers need to be extra careful while investing in real estate in Hyderabad. Apart from investment properties, there is a huge demand for rental properties by the individuals working in nearby areas. So you can buy a home in Hyderabad’s Bachupally and can get regular income by renting it out to working professionals.

Post By : Shrikant Sain

For more: propchill.com

Contact number: 7827456456

Email ID: propchill01@gmail.com

 

 

Stricter Registration Norms for Projects in Hyderabad

The presence of a large number of illegal projects in Hyderabad has led the Telangana government to ask builders in Hyderabad to provide a building plan as well as gain an approval of a projects layout plan before a property is registered.

The Intended Goal

Due to the prevalence of unapproved and illegal developments and to prevent land encroachment in Hyderabad, the government of Telangana has approved a strict registration plan for projects in Hyderabad. With an intend to enforce builders in Hyderabad to conform with norms agreed upon between the builders and the Telangana government, the goal is to stamp out illegal developments, put a stop to land encroachment, and create developments which are safer for residents.  

Implementing the Plan

Builders in Hyderabad will going forth be required to obtain a building and layout plan permission before registering a property. The revenue department responsible for registration will be working alongside the Municipal Administration and Urban Development to monitor builders who appear to register projects.

The Story In the Past

Until the new decision by the Municipal Administration, the registration department never sought the documents relevant to the building plans of Real estate in Hyderabad, their sanctioned layout, or the details stating whether the land had been approved for construction by the civic body.

The Emerging Changes

The actions by the Telangana Government have now mandated that all builders in Hyderabad henceforth submit copies of their projects layout, provide the layout of buildings on the projects, and provide the building permission received from the civic body, in order to have the property registered.

Illegal Structures Already Standing

Understandably builders in Hyderabad who have illegal structures already standing are feeling the pressure. The Government of Telangana however has not announced its intention regarding illegal structure that are already standing and are occupied. Residents who live in illegally built flats in Hyderabad may not feel the impact of the decision by the Government of Telangana. New projects in Hyderabad will receive scrutiny from the government going forth.

Changes Already On the Way

The demolition of existing illegal commercial projects has already begun in regions such as the old areas of Hyderabad and in important commercial markets.

Small Builders Under Pressure

Most of the illegal construction have been untaken and built by small-scale builders who are now feeling the heat. Many of the top builders in Hyderabad are welcoming the change, as they believe that it will lead to a regularization of their industry and also benefit the environment. The top builders in Hyderabad have agreed to comply with the newly set norms.

Prime investment destinations in Hyderabad

Showing resilience to the Central Government demonetization drive, the Luxury flats in Hyderabad market has continued to move vertically in 2016. Influenced by the IT sector, proposed infrastructure projects, seamless connectivity and affordability the small markets in fringes of the Hyderabad city emerged as the top investment destinations and hub for capital appreciation at the tune of 4% and 8%.

There are several areas across the across the city which has developed on the back of-

·        enhanced living standard ,

·        business-friendly policies ,

·        a stable political environment,

·        robust  infrastructure projects and,

·        An appealing cosmopolitan ideology.

Here we have a created a list of localities in North western Hyderabad that have strongly evolved as the nerve center of Residential projects estate in Hyderabad-

·      Pragathi Nagar- Pragathi Nagar is the situated at the western outskirt of Hyderabad and has emerged as the one –stop solution for those seeking for residential options between Rs 25- 30 lakhs . The areas have a sufficient supply of 2 BHK and 3 BHK units which are sized between 1000 and 1500 sq ft with ticket size of Rs. 2400-2500 per sq ft.

The prime factors which are helping this area to develop further are easy access to the IT HUB and excellent road connectivity.

·      Kukat pally- The areas like Gachibowli and Hi-Tech city have lost their sheen as the hub for low cost housing destination. This has created an opportunity for Kukat pally to transform into a new cynosure for prospective end-users and investors. This area is offering multiple housing options at a very affordable price of Rs. 3900 sq. ft and because of this unique price the locality has become immensely popular with the mid –income group. The investors are also attracted to this area as there is a capital hike of 8%, YOY. The elements which are encouraging the growth of this area is are affordability, closeness to the IT hub and the upcoming metro rail project.

The Hyderabad real estate has grown leap and bound in past few years and it expected that it will perform much better as compared to other real estate markets in India. The demonetization policy has affected the overall economy and especially the real estate market.  However, we can easily conclude that Hyderabad has definitely done better than other markets. So, Hyderabad will surely attract the new home-buyers and investors towards it!

A Pivot Towards Property in Hyderabad Led by Multinationals

If reports are to be believed property in Hyderabad over the past quarter has benefited from more than one factor. Experts believe that measures taken by the government has benefited the cities real estate sector. Additionally the GHMC has benefited from a corpus of 150 crore given to it by property tax payers in old currency denominated notes. It is expected that this money will be put to good use in municipal infrastructure projects in Hyderabad.

Reasons to Cheer

Real estate pundits in Hyderabad foresee that Hyderabad will become the single largest market for commercial real estate in India by the end of next year. The belief that commercial real estate will be at price points that make it attractive to companies underlies such sentiment.

If large companies do open offices in Hyderabad in large numbers then it would in turn lead to greater demand for Luxury property in Hyderabad as well. Already some of the biggest names in technology have opted to open large office centers in Hyderabad, snubbing Bangalore. If more companies begin to shift base to Hyderabad then greater employment opportunities at Hyderabad will lead to a larger number of people to purchase residential real estate in Hyderabad.

The Localities In for Good Times

If the soothsayers and pundits have it right, localities such as Hi-Tech City, Gachibowli, and Raidurg will witness an increase in the value of their real estate. The information technology workforce is typically composed of the most well paid segment of employees in any Indian industry. The number of employees in this niche segment employed in Hyderabad is expected to grow by forty thousand employees by the end of next year and will add significant capital into the cities economy and in real estate in Hyderabad.

The Loins Share of Real Estate Property

In Bangalore, two localities Gachibowli and Manikonda, together account for more than sixty percent of the demand for Top builders in hyderabad. The main reasons for the great demand for property in Hyderabad at these localities is due to their proximity to employment centers and because they have a sound infrastructure. In the future the quality of infrastructure in these localities is expected to improve and possibly lead to greater demand for new apartments in Hyderabad, by renters and by owners, at these regions.