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  • By Hemanth Karicharla |
  • Mar 25,2021

How The Regional Ring Road Contributes To Real Estate Growth In Hyderabad

 Hyderabad has become today as the centre of many attractions as it has been an IT hub for so many years. The city has become an all-time favourite hot spot for investors to invest in real estate by building commercial ventures or global companies. This regular habit of developers and investors strengthens the field of Real Estate in GHMC to a greater extent. Thus, justifying the name, the capital city consistently creating many jobs and thereby became a place that feeds millions in the country.

  But, due to poor connectivity with other neighbouring towns, the development has accumulated within the city.  Therefore, to widespread the development and to further escalate the infrastructural growth, it is imperative that Greater Hyderabad be smartly connected with its neighbouring towns and districts. This major requirement pushed the government to put before the central government the proposal for a Regional Ring Road and took the approval to construct it around Hyderabad, Telangana in 2018.

Contribution of ORR in Socio-Economic Growth of Hyderabad:

                Before going to discuss about Regional Ring Road, let’s rewind and remind about Outer Ring Road and how it has contributed to the development in and around the capital city. The 158 kms Nehru Outer Ring Road has been serving as the catalyst for the growth and development in Hyderabad and stirred up office market in Hi-Tech city, Kondapur and housing market in Kondapur.

                ORR in Hyderabad has transformed many rural areas like Shamirpet, Kokapet, Puppalaguda as solid real estate hubs and they are seeing a proliferation of residential buildings, projects and townships now as they became close to Hyderabad IT corridor through the ORR.  The 8-lane expressway facilitated the connectivity of suburban areas to the Shamshabad International Airport and different parts of the city and uplifted the development of manufacturing industries, business firms, residential projects and apartments in and around Shamshabad.

                After ORR came into existence, Ghatkesar evolved as ‘East IT Corridor’ where we find bigger IT companies like Infosys, Raheja Mindspace alongside many housing projects. These are the few examples for the astounding development brought by ORR in the regions connected to it.

 

The Inception of Regional Ring Road:

                Now, with a whopping estimated budget of 11,000 crores, the new 6-lane, 330 km long Regional Ring Road, RRR that connects major national highways like NH 65, NH 44, NH 163, NH 765 will strengthen the existing road network around the city. The Central Government has given the nod to start the first phase of construction i.e., 158kms road which will start from Sangareddy, Narsapur, Toopran, Gajwel, Jagdevpur, Bhongir and end at Choutupul. Let us now delve deeper into the details to know how the Regional Ring Road will affect the real estate growth in Hyderabad.

Key Benefits of Regional Ring Road:     

Constructing RRR will boost the socio-economic growth of Hyderabad by creating huge employment opportunities.

Besides Hyderabad Real Estate, it will also bring benefits to small and medium-sized businesses in the surrounding districts.

It will help improve sectors such as trade, education and healthcare, Aerospace, Electronic and Electrical industries in and around the city.

It will help in the development of backward districts which are underdeveloped due to lack of road connectivity to nearby major cities.

Effect of Regional Ring Road on Hyderabad Real Estate:

  • According to the project plan, the Regional Ring Road will connect major towns and villages in Rangareddy, Bhuvanagiri, Siddipet, and Sangareddy districts such as Toopran, Shivampet, Narsapur, Daulthabad, Bodapatla, Vendikole, Fasalwadi, Mnr X road, Sangareddy, Eddumailaram, Shankarpally, Chevella, Pamena, Tadlapalle, Shabad, Shadnagar, Keshampeta, Amangal, Bodanampalle, Malkapur, Bhongir, Choutuppal, Marriguda-mall, Markook, Mulugu.
  • We can see an immense growth in Real Estate in these areas as investors eyeing these areas to buy lands and to establish housing projects within the affordable range. This is already a proven fact in the case of Outer Ring Road and hence we can hope that it will repeat again with RRR.
  • It also has huge potential to attract many big players in the realty sector to develop mid-budget gated community apartment projects.
  • Besides these, numerous office spaces and industrial units will be developed will further increase the rate of employment, quality of education and other important sectors.
  • RRR will bring an enormous boom to the real estate industry in Hyderabad along bringing growth and development in other sectors as well.

Therefore, the people who own lands in those areas can get huge profits as the land costs will be shoot-up and the people or any other investors who are willing to invest in real estate, it is high time to buy lands around Regional Ring Road and, in the districts, or cities connected to it.

For latest real estate news, updates related to realty sector and to search for the best properties in India, visit Proppick.com, the best real estate property portal in Hyderabad.

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  • By Hemanth Karicharla |
  • Mar 22,2021

Check These Things Before Buying A Property

Everyone has a dream to own a home. But it is not so easy to each and everyone. Most of the Indians carefully save their hard-earned money to accomplish their home dreams. Whereas some people take loans to fulfil the same. Finally, their hard work takes the form of a beautiful home on one big day after spending so many sleepless nights. But sometimes, people fail to take care of certain crucial things related to their dream home.

In this article, we discuss about important factors to be considered before buying a property or home.

1.     Budget:

It is very important to get appropriate reward for the hard work of an individual. Hence it is very necessary to choose a home within the budget range. And one must check to see if there are any hidden or other additional charges in case of buying a flat or apartment.

2.     Accessibility of the location:

Having a home which is far from social infrastructure is not so advisable. We need to choose a location that is easily accessible to all basic social infrastructure such as educational institutions, police and fire stations, hospitals, shopping malls, restaurants, parks, playgrounds etc.

3.     Transportation and Connectivity:

In metro cities like Hyderabad, traffic is the biggest problem. So, if you take a home where there is no adequate public transport facility, then it is difficult to commute to other places on daily basis. So, it is better to be in a place where you can get proper transport facility.

4.     Taking Legal Care:

It is must and should to make sure that property titles are hassle free before buying it to avoid any complications in future. And also, it is must to thoroughly read the agreement written between the builder and the buyer.

5.     RERA registration:

In order to protect yourself against all kinds of structural defects for coming five years from the time you buy it; it is necessary to check whether the project is RERA registered or not.

6.     Basic amenities and Quality of construction:

We all know the famous saying, don’t judge a book by its cover. So, don’t get deceived by the looks, it is foremost necessary to check the quality of the construction with the help of an engineer.

Besides that, it is necessary to ensure that your home or flat is connected with all the basic amenities like water and power supplies and also check the rate of availability.

7.     Resale value:

It is one of the important factors that everyone must consider. Life is all about dealing with ever changing situations. If a situation occurs to sell your property, it must give you a decent return. Therefore, it is important to buy a property that has huge potential of getting good resale value.

So, considering these key factors while buying a home will surely help you in every possible way to get maximum benefits out of it whenever needed.

For more latest real estate news, updates related to realty sector and to search for the best properties in India, visit Proppick.com, the best real estate property portal in Hyderabad.

 

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  • By Hemanth Karicharla |
  • Mar 17,2021

Realty In Hyderabad Post-Covid

Covid not only brought lockdown but also it broke down almost every industry. It put a big question mark in front of every individual and of course for all the industrialists. Like everyone, the real estate people, developers, agents and others who are attached to it worried a lot about the revival of the industry. But, as a big surprise, the real estate in Hyderabad after covid has bounced back with a bang without taking much time.

While many other industries are still in recovering stage, realty industry regained its pre-covid strength. Sound infrastructure, very reasonable and affordable prices of properties, rise in investments in IT and other sectors in the city are the key-factors which helped the industry to reach this commendable feat. Based on this live fact, we can say that Hyderabad, therefore the entire Telangana is the well-suited and the safest place to invest and explore the world of real estate.

Most of the credible sources saying that sales have been boosted for the past three months. Especially, the residential wing of the real estate sees a big leap towards profits. On seeing the sound health of the realty sector, many big players are coming forward to launch new projects in near future. This wipes out the fear in upcoming and medium range investors and they too making their ways to get decent profits during this crucial time.

For instance, if you want to construct a multi-storeyed building in Hyderabad, you can see comparatively lesser budget than in other cities as there is no limit on Floor Space Index, FSI in Telangana. This major advantage constantly encouraging and attracting more and more investors into this metro city. Hence, the boom of the real-estate keeps on increasing and we can see the same scenario for the coming five to six years.

Besides all these, the Telangana state government launched Telangana State Building Permission Approval Self-Certification System, TS-Bpass which has lessened the pressure of policies on the industry. And the three-capital plan in Andhra Pradesh gave rise to many uncertainties in the real estate there and this makes the developers to launch their projects in and nearer to Hyderabad and Telangana. In this way, Hyderabad real estate gaining all sorts of strength and attracting investors all over the world.

It is one side of the coin. To the other side, we can see the rise in the prices of steel and other commodities which are used in the construction. We all pretty know the simple formula, where there is demand, there is rise in prices. Same has applied here and prices of steel, cement and other construction material touch the peak mark and thus the overall cost of construction has increased enormously. This results in increase of land cost too. This will surely show significant impact on future projects.

Apart from these, the increase in irrigation facilities has led to rise of land rates in rural areas. Therefore, people in rural areas selling their lands and start buying properties in Hyderabad. This also has given big boost to the real estate in Telangana.

Therefore, on a whole real estate in the capital city sees tremendous progress except few cons. For more latest estate news, updates related to realty sector and to search for the best properties in India, visit Proppick.com, the best real estate property portal in Hyderabad.

 

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  • By anupama |
  • Aug 08,2019

Telangana Govt Mulls Over Self-Certification For Smaller Plots

The Telangana Municipal Administration and Urban Development (MA&UD) department has proposed a ‘Self-Certification’ grant system for structures built on plots up to 200 sq.mts (250 sq. yards). This proposal has been made based on the success of Telangana State Industrial Project Approval Self Certification System (TS-iPASS)


The purpose of this kind of self-certification system of building approvals is initiated to curb the corruption involved at various levels and expedite the property permissions process.

 

Prerequisites for the ‘Self-Certification’ grant system:

As per the proposal, following will be the perquisites for the ‘Self-Certification’ grant system:

  • Property owners or builders have to upload all the relevant documents online and pay the required building fee to avail the approval.

  • Occupancy Certificate (OC) would not be needed for plots up to 200 sq. mt (250 sq. yards).

  • The government plans to establish a seven-day deadline for scrutiny of the documents. If the concerned authorities fail to respond within the stipulated time, the permission would be considered granted and the applicant can begin construction on the applied land.

  • The property owners have to give a declaration that they would be held responsible and accountable and legal action could be initiated against them.


Advantages of the Self-Certification’ Proposal


All these ‘self-certification’ grant steps will allow the applicant to get speedy processing of his/her property application. It will also help in reducing the chances of corruption involved in the whole property approval process. We the people as a common small property owner will be benefit at last.


Stringent Actions for Fraudsters: 


The authority is planning to put stringent actions for those involved in illegal activities. It is proposed that if any property owner is found engrossed in illegal development, then he/she would be prosecuted (jail) for three years or fined 10% of the building value under Section 250, of the proposed Municipal Act.


Along with this, the civic bodies would be given the authority to revoke the illegal construction and anyone who tries to continue construction on the land or break the seal would be severely punished.


Incorporation of the Proposal in the Act:

It is reported that provisions like self-certification for up to 200 sq. meter plots would be incorporated in the Municipal Corporations Act and GHMC act.


More Plans Underway:


The GHMC commissioner has announced that, there would be a single application process for all departments like GHMC, fire services and Airport Authority of India (AAI) - especially for high rise building permission, etc. This will help the real estate builders and construction companies to launch their realty projects quickly.


The Greater Hyderabad Municipal Corporation (GHMC) was also interested in implementing self-certification for building permission in approved layouts. This will benefit independent small property builders a lot and the cost saved can be passed on to the property buyers.


Final words:


This proposal can help immensely to curb corruption in the town planning wings across the state. The small size property owners can quickly have hassle-free building permissions and start their home construction on the plots, early. This will help in saving cost and time of the property builder.  


The ‘Self-Certification’ property grant system proposal can go a long way for benefiting small and middle-class salaried property owners. This will reduce the nitty-gritty’s of involved civic bodies and they will be able to own a dream house constructed in a much easier way. 

For more info on this please contact us today!


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  • By anupama |
  • Aug 05,2019

Real Estate Prices In Hyderabad 2019

We all know that our Hyderabad city is more affordable as compared to other metro cities of India. Also, the city’s market is much more mature in terms of both commercial and residential aspect. This is evident from the fact that even after the bifurcation of the state the city has thrived well and improved its overall infrastructure, health, education sectors and job market scenario. 

The global multi-national companies of all sectors – Retail, IT, ITeS, Pharma, Automobile, Hospitality, Education, etc. continue to setup their regional headquarters in Hyderabad for regional expansion. You can easily find large number of affordable flats and apartments in Hyderabad for sale and rents, which makes it possible even for an average salaried person to live here happily.

Real Estate on Upswing in Hyderabad’s Real Estate Market

Knight Frank in its half-yearly report states that Hyderabad city is currently witnessing a huge surge in the volume of the residential units - in its first quarter of 2019 it rose by 47%. The commercial office space transaction volume has also surged by 43% in the same period.

It is interesting to know that the property prices in Hyderabad city rose by 9% on an average Rs. 4373 whereas all other cities have witnessed a decrease in real estate prices – Chennai, Kolkatta, Pune, Delhi, etc.

Top Preferred Areas of Hyderabad

The maximum sales of units occurred in the West Hyderabad which includes areas like – Madhapur and Kokapet (both accounted for 63% of the overall sales). North Hyderabad is faring well and one can see a lot of traction in areas like Kompally, Qutubullapur, Alwal, etc.

You could notice a huge number of new launches from reputed builders for residential flats in Hyderabad, in areas like Bolarum, Bachupally, Pragathinagar, Tellapur, Kokapet, Yapral, Shadnagar, Nanakramguda, Shankarpally and Bandlaguda. The homebuyers are giving preferences to ready to move apartments in Hyderabad or those to be completed within six months.

Property Price Trends of the Hyderabad City

The property prices in the city vary with the differences in the kind of connectivity, infrastructure, demand and supply in the given locality. We have listed here some of the preferred localities of Hyderabad with their prevailing price tags (approximate). The rates of between the 1BHK, 2BHK and 3BHK flats in Hyderabad may vary differential.

Real Estate price trends in Hyderabad as in April – June 2019 period:

Locality

Price Range

(Rs. /sq-ft)



Average Price

(Rs. /sq-ft)


Ameerpet
4,319 - 6,667
5,857
Alkapur Township
3,889 - 5,123
4,551
Appa Junction
4,145 - 5,875
5,010

Attapur
3,612 - 5,153
4,383
Bachupally
2,726 - 4,027
3,376
Bandlaguda Jagir
3,503 - 5,215
4,360
Banjara Hills 
5,428 - 8,797
7,115
Beeramguda
2,757 - 3,878
3,320
Begumpet
4,306 - 6,600
5,455
Bollaram
2,842 - 3,838
3,340
Chandanagar
3,920 - 6,070
4,996
Financial District
5,260 - 7,470
6,365
Gachibowli
5,162 - 7,780
6,475
Gajularamaram
3,215- 4,546
3,889
Himayath Nagar
4,768 - 7,725
6,243
Hitech City
5,562 - 8,408
6,985
Jubilee Hills
8,120 - 13,815
10,973
Kokapet
4,334 - 6,068
5,203
Kollur
2,768 - 3,973
3,375
Kompally
3,236 - 4,642
3,941
Kondapur
4,939 - 7,428
6,189
Kukatpally
4,689 - 7,340
6,021
Kukatpally Housing Board Colony
5,078 - 7,845
6,462
Manikonda
3,698 - 5,786
4,742
Madhapur
5,378 - 8,699
7,043
Mehdipatnam
3,616 - 5,378
4,497
Miyapur
3,819 - 5,725
4,771
Nacharam
3,335 - 5,438
4,385
Nagole
3,500 - 5,075
4,295
Nallagandla
4,668 - 6,499
5,586
Nanakram Guda
5,365 - 7,541
6,455
Narsingi
4,418 - 6,608
5,516
Nizampet
3,044 - 4,573
3,806
Pragathi Nagar
3,342 - 4,634
3,989
Puppalaguda
3,676 - 5,157
4,418
Rajendra Nagar
4,403 - 6,444
5,427
Sanath Nagar
5,062 - 7,273
6,172
Shaikpet
5,497 - 7,728
6,612
Suchitra Circle
3,513 - 4,640
4,081
Tellapur
4,081 - 5,771
4,922
Toli Chowki
3,267 - 5,246
4,250
Uppal
3,110 - 4,781
3,947
Whitefields
5,598 - 7,719
6,661

(Disclaimer - The values presented here are not the actual transactions but an approximate price that may vary with time and inflation. Proppick.com does not own the accuracy of the data presented here. One should not rely completely on this information and should verify the data independently).

Factors causing Property Price Rise

The rise in job opportunities played a major role in the increase in demand in commercial segments. This has consequently helped in pulling up the demand for more residential units – villas, apartments and flats in Hyderabad. The share of coworking space in the total office space picked up fairly by 46% from last year’s 26% in the same period.

The growth trajectory of Hyderabad’s real estate market is also evident from the fact that there is a 67% decline in unsold inventory - 4265 units (at present, as per the Knight Frank report) in the residential real estate market. If sales continue at the same pace, the unsold stock will be gone in just three months. Proppick provides a good Resale flats in Hyderabad platform - for home buyers where you can easily find resale flats at very reasonable prices.

The major pull factor for the rise in the demand and prices of the property in any locality is determined by its proximity to the office and educational institutions. Localities like Financial district, Hitech city, Madhapur, Kondapur and Gachibowli have seen a steep rise in prices in the last 2-5 years due to its robust infrastructure and closeness to major IT companies. You can easily find affordable to luxury apartments for sale in these areas. 

Gated and non-gated community options for villas, flats and apartments in Hyderabad, are also available for home buyers to make a correct choice based on their property requirements.

Prices to Rise Further

The report forecast that the property prices in Hyderabad city are likely to rise up further because of demand and supply mismatch. 

Also there has been 11% hike in rentals for flats, villas and apartments in the west and north Hyderabad, mainly where IT professionals are residing.

With big-ticket investments fuelling Hyderabad’s real estate, land prices in the city have seen an exponential rise in recent times, with some even registering a 100% escalation. Few of these localities which are topping the chart are Kukatpally, Miyapur, Kollur, Tellapur, Uppal, Kompally, Medchal. Please checkout - Best Real Estate Investment Areas in Hyderabad for more information. 

Final Words:

As compared to the other popular metro cities of India, Hyderabad is an exception where property prices have increased in real terms, in recent times.

We at Proppick believes in the power of information and the price trend presented in this article is aimed at empowering our genuine property buyers to understand the property price trends. This will help you to make an informed decision while buying a right property which is in your budget. 

For more information about a search and purchase of apartments in Hyderabad, we are always ready to assist you - in making your dream property a reality to live in.


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  • By anupama |
  • Jul 01,2019

Which Is The Best Property Portal In India?

The future of the Indian real estate is in the ‘Digital Property Portals’ that has blown up the traditional working style and approach of the real estate market. 

Now, the search of the property through online mode is much swift and effective, as compared to old one where you have to depend on the real estate agent’s information alone, who used to charge the high commission according to his wish.

Digital Advancement: Realty Sector

Today, homebuyers can easily engage in online property hunting from the comfort of their homes. The all time taxing processes like - property search, clarifications, property negotiations, etc. are processed in a much faster way.  

A report from National Association of Realtors (NAR) 2016, mentions that the searches for the real estate properties had grown 253% in its previous  4 years and one of the other recent reports said that almost 50% homebuyers found their purchased home on the internet and only 28% from the real estate agent. This, points out that millennials prefer online platforms to buy their dream properties. 

In just a few clicks, you can now view and filter all your properties as per your choices and requirements like – Budget, location, reviews, floor/land area, property type, value-added services, etc. With AI technology used by some of the best property portals of India, they provide instant valuation, real-time analytics and virtual tours for the property buyers.

The online real estate property portals have actually revolutionized the Indian realty sector a lot for the betterment and convenience of the homebuyers. All the laborious processes of searching and communicating to the property owners and agents are drastically reduced by one of the best property portals in India – Proppick.com.

Why the Realty Sector is shifting to Digital platform?

The internet penetration is growing at a much faster pace in India, and the leaders of the realty sector are using this digital boom to maximize the sales. All small and big construction companies are building the online portals/websites, to facilitate the best service to the prospects. The online real estate content and the plethora of services available on all the best property portals in India, empowers property buyers to search and locate the best property and this allows a builder or property developer to sell its properties to a much wider audience(national & international) and thus maximizing its profit in the shortest of time.  

Which is the Best Property Portal in India & Why?

The best property portal in India is the one which is capable of collecting, mining and providing quality and right property information to the property searcher. Proppick.com is the best online property portal that proactively anticipates and address customer demands through a digitized solution. Proppick consistently has tried to create an intelligent and evolving realty ecosystem that understand the buyers' trend and behaviour seamlessly and presents a more curated list of properties to fit into the buyers' requirements. The property buyer gets a sneak peek into the best list of properties from the different realty projects within the same filter segment, offering much wider options and comparison to the property buyer. 

Our portal provides a whole service to the consumer from property search to property documentation to the home décor or Vaastu service. We provide all the evolving needs of the consumers in the most hassle free way.

Our website provides the best user experience to web visitors. All necessary property information is provided with current updates on all similar neighbourhood of the same property. Our mobile compatibility is upbeat and enables you to get the latest property information on your mobiles in a seamlessly.

Final Word

If you are new in the city, then let Proppick be your companion in your dream property search. Both commercial and residential properties like, flat, villa, plot, farmland, apartment for sale is just a click away at the best property portal in India – Proppick.com

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  • By anupama |
  • Jun 25,2019

10 Best Residential Areas For IT Professionals In Hyderabad

Hyderabad, capital of Telangana state, is one of the favorite destinations for people working in the IT industry in India. It is the most popular city in South India after Bangalore. The recent Mercer Quality of Living Survey has named Hyderabad as the best city to live in India.

What makes Hyderabad city worth living? 

Hyderabad has a perfect blend of old and new. While retaining its heritage and culture, it has now become the epitome of comfort for its residents. It has some high-class facility like international school & colleges, international airport, fun & entertainment places, shopping malls, Metro connectivity, public transportation, health care sector, etc. It definitely has most of these facilities and making it affordable living for young families.  

So if you are an IT professional, planning to move into Hyderabad and you’re unsure about which locality you should be staying in then you must read this article. We are listing here the Top 10 Best Residential Areas in Hyderabad, Telangana to live in only for you.

Top 10 Best Residential Areas In Hyderabad

There are few best residential areas in Hyderabad, Telangana to choose on by IT professionals. These locations are near tech and pharma companies, preferred by the home-buyers, as per the convenience, comfort, budget and appreciation value of the real estate property. Check out the list here:

1) Gachibowli - A suburb of Hyderabad city, Gachibowli is located about 5 km from HITEC City which is an IT park. It is the hub for software professionals working for various small, medium and large IT and ITeS companies. Accenture, Microsoft, TCS, and Amazon are amongst the many that have their headquarters in this area. It is well connected by road to the rest part of the city. Apollo Hospital, KIMS Hospital, Mindspace IT Park, SLN Terminus mall, Forum Mall, Galleria Malls and various other facilities are coming up here. Gachibowli even has an Athletic Stadium for a perfect morning walk for you on all days! Various sports and entertainment events are organized here, on regular basis. 

The cost of residential apartments has appreciated a lot in this area from the last 5 to 7 years due to the IT boom. The per square feet rate for the residential properties is ranging from is Rs.5030 to Rs.7545. The average cost prevailing in the locality is Rs.6287/ sq. ft. You can find 2BHK, 3BHK, 4BHK flats for sale easily in Gachibowli from top builders and construction companies e.g. Samudhra, Smondo, Atria, Harmony, The Lawnz, Ramky One Galaxia & Kosmos and many more. If you are interested in buying villas, then you have options like Preston Amari Villas which is providing G+2 floors for luxurious living. Almost all projects provide world-class amenities to residents in their gated communities. 

To know about the residential properties available, click Gachibowli Properties for sale.

2) Manikonda - Manikonda is the next best residential area in Hyderabad. It has a perfect blend of commercial and residential complexes. It houses Lanco Hills, Abinandana Exotica, Flora, Green Living and many other high-rise luxury residential apartments.  If you are interested in Villas then Crystal Springs is providing premium villas for sale in Manikonda at a very reasonable price.

It is connected to Dargah via the OU Colony and is connected to the Gachibowli Sports Complex as well. Manikonda, a posh locality, is the best place to settle for if you want your IT workplace and other high-tech luxuries in your neighbourhood.

Many commercial hubs, coworking offices, multiplexes and shopping malls are coming up in Manikonda, making it the most viable residential location. The per square feet rate for the residential properties is ranging from Rs.3548 to Rs.5624. The average cost prevailing in the locality is Rs.4586/ sq. ft.

Manikonda locality is growing fast and developing and it can be a safe bet to invest in real estate properties as the land and rental cost is constantly rising here.

To know about the residential properties available, click Manikonda Properties for sale

3) Nallagandla - Nallagandla is situated near HITEC City and an upcoming area lying on the outskirts of western Hyderabad. It is predominantly known for its residential houses. The IT professionals working in Hitech city, who have come to Hyderabad for a temporary purpose or for a job, will love this place for the facilities it provides, and the competitive cost of the residential properties. 

You can find both affordable and premium apartments for sale from leading builders of the country. NC Green Field, Saffron Sanathan, Ashray Realty, Infocity Excellence and others are providing good quality flats for sale in Nallagandla. The per square feet rate for the residential properties is ranging from Rs.4445 to Rs.6381. The average cost prevailing in the locality is Rs.5413/ sq. ft. This area provides the sustainable living, much greener and ideal home for families to live in.

To know about the residential properties available, click Nallagandla Properties for sale.

4) Miyapur - Miyapur is another suburb of Hyderabad and a favourite place of upper-middle-class families. It’s proximity to neighborhoods such as Kondapur, Gachibowli, Hafeezpet and Kukatpally, and also to major pharmaceutical and software companies of Hitech city, makes it a convenient location to reside. You can find many apartments for sale with gated community feature by famous builders in this area.

Miyapur has a lot of opportunities for the ones who want mid-budget residences. It is considered as a lucrative destination, because of its proximity to major office locations in Hyderabad. Many people are interested to buy the property in this area for investment as the ROI is quite high as compared to other neighbouring areas. . You can find several reputed residential projects here e.g. SMR Vinay, Fountainhead, Empire Meadows, Virtue Heights, Janapriya Apartments to settle here. 

The per square feet rate for the residential properties is ranging from Rs.3550 to Rs.5577. The average cost prevailing in the locality is Rs.4564/ sq. ft. 

To know more about the residential properties available, click Miyapur Properties for sale.

5) Madhapur - Madhapur is situated in the centre of the Hyderabad's IT hub. As a result, it attracts major interest from reality investors as well as home buyers. It is one of the high profile destinations for commercial and residential purpose. It is not only surrounded by basic facilities likes of schools, colleges, banks, hospitals etc. but also by some of the top international IT companies like Google, Amazon, TCS, Accenture, etc. have bases here. It has some of the top best hotels, restaurants and shopping malls. 

Availability of good infrastructure and public transport, as well as other utilities, makes Madhapur an attractive place to settle down in. You can find residential projects from reputed builders like Quiescent Heights, Silversand Cyberdyne 3, DSR Fortune Heights, etc. 

Madhapur is the most sought after best residential area in Hyderabad. The per square feet rate for the residential properties is ranging from Rs.5431 to Rs.8068. The average cost prevailing in the locality is Rs.6749/ sq. ft.

To know about the residential properties available, click Madhapur Properties for sale.

6) Chandanagar - This suburban locality is steadily growing and developing as a residential hub. For IT professionals, Chandanagar is the best residential areas in Hyderabad, Telangana, which is much affordable than other neighbouring tech areas. It’s close proximity to IT hubs in HITEC City and Gachibowli make it a favorable location for a residential hub. It has a high potential for growth and due to this, the property in Chandanagar is highly sought after for both commercial and residential purpose. 

You can find prominent industries like Bharat Heavy Electricals Limited and International Crops Research Institute here. It is well connected to both the Old and New Mumbai Highways. The per square feet rate for the residential properties is ranging from Rs.3685 to Rs.5899. The average cost prevailing in the locality is Rs.4792/ sq. ft. Devi homes Khyathi is providing affordable housing with all basic amenities in Chandanagar.

To know about the residential properties available, click Chandanagar Properties for sale.

7) Kondapur - Kondapur is the next best residential area in Hyderabad, Telangana for an IT professional to have a home here. It is the epicenter for  IT companies, coworking community, top brand flagship stores, best hotels and much more. Due to this reason, Kondapur is the most sought after location for commercial purpose. Botanical Garden located here, providing a fresh breath of life to Kondapur residents. 

You can find 2BHK, 3BHK flats for sale from premium realty companies to lead a luxurious lifestyle in Kondapur. Projects like Golden Tulip, Fortune Vistas, Sahasraa, Elysian, Western Exotica, Prestige Ivy League, SMR Vinay Iconia Phase 1 & 2, Galaxy Apartments and many more are located here. You can select your dream house in any of these apartments for sale according to your budget requirements. The per square feet rate for the residential properties is ranging from Rs.4564 to Rs.7026. The average cost prevailing in the locality is Rs.5795/ sq. ft. You can get good rent on residential properties also if you are looking for long term investment. 

To know about the residential properties available, click Kondapur Properties for sale.

8) Gajularamaram - Gajularamaram is the fastest rising locality and the upcoming best residential area in Hyderabad, Telangana. It has close proximity to Miyapur, Kukatpally, Kondapur, Chandanagar, etc. Several large warehouses, animal healthcare centres and Theme parks are coming up here. 

Currently, many reputed reality projects are available for sale at an affordable cost for home buyers. Sai Spoorty Avenue and Balaji Classic is providing 2BHK flats for sale with all amenities in its gated community. The price trend in Gajularamaram is steadily showing an upward trend from the last five years. 

The per square feet rate for the residential properties is ranging from Rs.3077 to Rs.4476. The average cost prevailing in the locality is Rs.3777/ sq. ft. You can find flats, plots, independent villas for sale at reasonable prices that are expected to surge more in short time. 

To know about the residential properties available, click Gajularamaram Properties for sale.

9) Hitech city - Hitech is the abbreviation of Hyderabad Information Technology Engineering Consultancy City. It is the most important technology locality located in the centre of the IT industry in Hyderabad. It was built as a result of the IT revolution in India and has actually transformed the princely state to IT city. 

It houses many IT giants of the world Wipro, IBM, Microsoft, Oracle, Google and many more. It has advanced infrastructure with wide roads, good public transportation - Buses, MMTS and metro, power backup, shopping malls, restaurants, medical facilities, entertainment avenues like Shilparamam and several other facilities to lead a happy and uber rich lifestyle. 

Hitech city has many residential projects from leading realty companies like Rainbow Vistas, Marina Skies, Lodha Bellezza, NCC Urban Gardenia, Indu Fortune Fields, are some of them. The per square feet rate for the residential properties is ranging from Rs.5146 to Rs.7865. The average cost prevailing in the locality is Rs.6505/ sq. ft.

To know about the residential properties available, click Hitech city Properties for sale.

10) Kukatpally - Kukatpally area is considered as Hyderabad’s best residential hub. The major advantage that this area enjoys is that, it is close to the city’s IT hub and other major educational institutes, healthcare facilities and commercial complexes. It has better water and power supply, good connectivity with public transport and other amenities. It has a huge shopping hub also, with almost all major clothing and jewellery stores having their branches here.

The per square feet rate for the residential properties is ranging from Rs.4495 to Rs.7264. The average cost prevailing in the locality is Rs.5880/ sq. ft. India’s reputed realty construction companies are continuously launching their premium as well as an affordable range of apartments for sale in Kukatpally.  Ramky One Marvel, Mahindra Ashvita, Incor One city, Sri Sai Jewel Gardens are some of the mega projects. It is one of the best residential areas in Hyderabad for realty investors as the rentals on 2BHK or 3 BHK flats are ranging from Rs.13000/- to Rs.20000/-.

To know about the residential properties available, click Kukatpally city Properties for sale.

Summary

Hyderabad is a great city to live in and if you are an IT professional, planning to move in here then the above-suggested areas are the best residential areas in Hyderabad. Just a little research and by prioritizing your requirements, you can select any of the above localities to lead a happy life. 

To know more about the Hyderabad’s best residential area to suit your requirements best, do call us now. We will be happy to serve you well.

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  • By anupama |
  • May 29,2019

Buy Luxury Villa In Hyderabad At Affordable Price

Hyderabad city is preferred as one of the best residential hubs in the country due to good infrastructures, transportation, education and job prospects. Many top builders of national and international reputation are utilising this market opportunities to its maximum potential. They are constructing luxurious residential villas in Hyderabad for sale in all price segments, with excellent facilities for a better living.

Villas in Hyderabad

Residential villas in Hyderabad with the beautiful contemporary architectural design are available in different localities of the city, in an around - central location, near ORR and in its suburban areas.

The prime locations to lookout for new villas in Hyderabad, mainly are Kompally, Kismatpur, Chandanagar, Narsingi, Kondapur, Osman Nagar, Gopanpally, Bandlaguda Jagir, Tellapur, Patancheru, Gandipet and many more, that provide villas at affordable to premium prices. The villas for sale in Hyderabad near Gachibowli are preferred areas, by IT professionals and industrialists, for its superb civic infrastructure and social life.

Villa projects are majorly categorised under independent/ standalone, semi-gated and fully gated villas in Hyderabad. The Villas or independent houses available in different carpet areas are from 1000 sq. ft to more than 5000 sq. ft sizes to meet the varied requirements of home-buyers. Besides this, villas are available in 2BHK, 3BHK, 4BHK and 5BHK+ sizes also. Resale villas for sale in Hyderabad in micro-pockets of the city provides much affordability in comparison to newly constructed.

Most of the premium villas in Hyderabad are built by reputed builders like Sark Projects, Prajay Engineers, Kalyan Constructions, SMR Holdings, Preston Developers and many others.

Gated community Villas

The gated community villas in Hyderabad available for sale are built with excellent modern amenities such as children’s play area, swimming pool, tennis court, jogging track, gym centre, rainwater harvesting pits, CCTV surveillance, club hall, power backup, indoor games, waste-water recycling plant and so on. Proppick list several ready to occupy villas for sale in Hyderabad in several gated residential projects, in all price tags. You can avail loans for these new villas from banks like SBI, ICICI, Axis Bank, HDFC, etc.

The price of villas in Hyderabad ranges from Rs 51.3 Lakhs to Rs 12 Crores at Rs 2700 to Rs 14000/ sq.ft. Some of the popular projects are EIPL La Paloma at Mokila, Ramkey Gardenia Grove Villas in Adibatla, Preston Amari Villas in Gachibowli, Tripura Landmark 2 in Bowrampet and Green Dale at Tellapur.

Affordable Luxury Villas in Hyderabad

The availability of several budget villas and luxury villas in Hyderabad in different sizes at much lower prices as compared to other cities (Delhi, Pune, Mumbai, Bengaluru), helps in choosing your dream villa conveniently, that matches your budget and lifestyle.

The primary carpet price for luxury villa projects in Delhi stands at around Rs 50000/ sq ft – Rs 85000/ sq ft and in Bengaluru at Rs 32000/ sq ft-65000/ sq ft. The luxury housing is much affordable in Hyderabad city as compared to other top metros. There is a growing demand for such housing projects in micro markets like - the Kokapet-Narsingi-Gandipet belt, which has carpet price estimated between Rs 8000/ sq. ft and 16000/ sq ft. Also, the proximity of this belt to Gachibowli and HITEC City adds to the attraction.

Many high-end projects are providing 5BHK, 4 BHK villas for sale in Hyderabad city's ORR periphery and in its extended areas. The city is actually seeing an emergence of a new segment of home-buyers who are willing to spend about Rs 5.5 crore for a villa. As now, even a Rs. 1 crore and above price tag for a living unit is not uncommon.

These luxury villas in Hyderabad for sale are loaded with world-class amenities and interiors, in your own space, such as a swimming pool on the terrace, lounge bar, gym, spacious bedrooms, beautiful lobby area, balconies, landscape, sitout, large living room, lift, servant quarters, parking and much more.

Casa Grande at Narsingi from Sri Aditya Homes, are priced Rs 7.25 crore to 7.75 crores. The plot size is from 7300-7400 sq. ft, with 55 units built-up in 16.5 Acres. Manjeera Purple Town, at Gopannapally, has 48 luxury 4 BHK villas in 6 acre land. The company is quoting 2.75 crores upwards.  Chanda Nagar locality also offers premium villas at affordable prices.

Wrapping Up:

Hyderabad city is seeing several luxury residential projects, yet the city is still in the affordable price bracket. There are many international schools belonging to different boards and reputed hospitals with the latest technology that urge the buyers especially families with young children and elder parents to settle down in Hyderabad city in a beautiful home for a happy living.

If you too want to find wide range of villas for sale in Hyderabad at reasonable prices, than we are one of the pioneer in the real estate data directory creation for Hyderabad city. The proppick.com team has helped a lot of home buyers to find their perfect home as per their necessities. For more details to find out your dream house contact us now!

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  • By anupama |
  • May 23,2019

Resale Flats – Best Buy Option In Hyderabad

If you are living in a rented house in Hyderabad and paying hefty rental charges then you should seriously consider buying a new house, immediately.

Also, shifting from one place to another to avoid rising rental charges can be a cumbersome task. The extra shifting costs you pay every time, along with the mental pressure you undergo to search a new home constantly, is huge.

Now the foremost factor comes in mind is the ‘Budget’ to buy a new flat. If you are money conscious and don't want to buy a costly new flat in your area then look out for good resale flats for sale in Hyderabad. You can also prefer the area where you are living in currently.

Buying a resale or old flat (not the one in dilapidated condition) can be a sensible choice for you rather than spending money on rental charges.

Resale Flat vs. Rented Flat

Many times, prospective home buyers wait for years, for the fall of real estate prices, which never comes as with time, the property prices keep on increasing with the increase in the inflation and population. It may become stagnant for a few months but never comes down. In such a situation, resale flats might be the best solution for you which can be obtained at a discount of no less than 10%-15% of the price of a newly constructed flat.  

You can use the saved money to up-do its interior decor and can flaunt your cheap yet elegant home to your colleagues. Also, there will be no waiting for you and you can instantly shift into your new flat.

There are large numbers of 2bhk resale flats for sale in Hyderabad, in it’s different localities. There are ample resale flats for sale in Pragathi Nagar Hyderabad, if you prefer this locality. Or you can search resale properties on reliable real estate online portals or get in touch with a local real estate agent.

Benefits of Buying a Resale property:

•    Affordable rates than a newly constructed house

•    You save a lot of money in ready to move in resale flat compared to an under construction flat, where rental charges, as well as EMI (of under constructed house), are paid at the same time.

•    You get immediate possession of the property and start taking the tax benefit from the first EMI itself.

•    ‘You Get what you See’. You buy the property which is in front of yours, all features, amenities, etc. are real.

For Property Sellers:

There are many takers in the Hyderabad market for resale flats. Even in the dismissal real estate market, there have been many takers for resale or pre-used homes.

Now a days, you can easily find a customer for resale 3 BHK flat for sale in Hyderabad if the desired property ad is placed on proper platforms. Proppick provides an amazing platform for such resale property sellers with no cost of posting. You have to just enter the property details on the portal and you start getting leads from the real home buyers.

The hotspots for the secondary or resale market in metro cities is growing especially in highly commercial or developed pockets of the city. Here, the demand is high and new supply is limited. You can get resale flats for sale in Kukatpally, Hyderabad easily at affordable prices than a new one.

One of the biggest advantages of putting your property online is that the property buyer gets exposure to a bigger platform and the owner gets responses from a larger target audience.

When to put ‘Resale Flat for sale’?

If you owned a flat for more than a decade, then you can definitely look for an exit and reinvest in some new project. The criteria for resale can be needed for: a bigger flat, plush society, better amenities, good returns, etc. It is observed that the re-saleability of 2BHK flats is definitely higher than 3 BHK, 4BHk flats.

It is recommended that your property get a better return on investment if it is at least a decade old. However, if it is less than 5years since the purchase, then the returns won't be good enough as prices would have remained stagnant for large parts of this period.

For Resale Property Buyer:

For a resale property buyer, it is important to keep some factors in mind before making a deal. You can negotiate the price on the basis of city, locality, brand name of the construction company, age of the flat, amenities available in the scheme, parking, security and many others. If you are a young IT professional than preferring a resale flat in Kondapur Hyderabad could be an affordable choice. It could be the best solution for home buyers rather than living in a rented house. Later on, you can buy a premium new flat by again putting it as a resale flat for sale in Kondapur Hyderabad on various online real estate portals.

How to Choose a Resale Property?

Here are some tips to make the selection process an easy and productive one.

•    The ideal range for resale property to buy is between 1year - 5years to a maximum of 10 years.

•    Check the documents of the property properly.

•    Check the builder's reputation and the construction quality factors associated with the property.

•    Consider the surrounding environment, proximity to important areas and amenities available in the vicinity.

•    Understanding the reason behind the sale will help in uncovering the problems and issues with the property if any.

Final Words:

Nothing can be more profitable than purchasing a house i.e. a Resale Flat/house, at a price much lesser than the market rate. Also, the resale flats are fully constructed and come with a ready-to-move-in tag. Hence, if all your property required factors work in your favor, it might be a good idea to invest in a resale flat/house. It helps to save a good amount of money while also saving time otherwise spent in waiting endlessly, for a new project to complete.

If you want to sell your flat or looking to buy a resale flat in Hyderabad, we give you the biggest platform with a large number of visitors checking your property listing daily, on our website. For more details contact us now.     


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  • By anupama |
  • May 18,2019

Best Real Estate Investment Areas In Hyderabad

In a recent report released by a global property consultant, based on the levels of foreign direct investment received and transparent governance in markets, including real estate, Hyderabad is ranked as the 2nd most dynamic city in the world. This can also be inferred from the fact that the city has witnessed a jump of nearly 46% in property prices in the past six months (from Nov 2018). This makes the Hyderabad city as an apt ground for real estate investment.

Factors Supporting Investment in Real Estate Market of Hyderabad

  • Hyderabad is a booming business city with many thriving sectors such as IT/ITES, pharma, education and more. It attracts migrants from all over the country who come here in search of better prospects. This high employability factor has a direct impact on city's immense real estate growth (as seen in the last two decades).

  • The cost of living, cheap electricity supply, physical and civic infrastructure, transportation, availability of water, traffic movements, pollution-free environment and other factors are better here as compared to other metros of India.

  • It has strong fundamentals including infrastructure and economic drivers.

  • Also, the real estate properties are very competitively priced compared to property rates of other top residential real estate markets across the nation i.e. Delhi, Mumbai, Pune, etc.

Best Real Estate Investment Options

The best real estate options in Hyderabad are plots/land, flats and independent house or villas. It all depends on your budget and other preferences like proximity to commercial centers, schools, hospitals, etc.

Flats and independent houses are best real estate options of investment in Hyderabad. And if you are looking for a long term investment then plots or land should be preferred. For more details on the best place to invest in plots in Hyderabad, click here.

Best Investment Areas in Hyderabad

Here we have listed the best investment areas in Hyderabad, which are experiencing immense real estate growth. Most of them are in proximity to IT/ITeS hubs, as these areas have everything it takes to enhance a residential living.

Ameerpet: A residential hub of Hyderabad and has proximity to some of the key commercial centers of the city. The locality in past few months has witnessed a boost in the property demand and prices, owing to the launch of Metro services here. One could buy property in Ameerpet for an average price of Rs 6000/sq. ft. It has many reputed residential projects with affordable to premium flats for sale.

Kondapur: Located in the north of Hyderabad, Kondapur is completely surrounded by the IT hub, including Begumpet and Hitec City. The rising housing demands especially from IT professionals have triggered a rise in property prices here and that have soared 71% in the past six years. The average price of the property here stands at Rs 5795/sq.ft. There are many residential property projects running here, from where you can easily locate the desired flat for sale in all price segments.

Madhapur: Real estate in Madhapur has been gradually witnessing a rise in property prices since the Metro route was announced. While the property prices here have witnessed a 45% increase in the past six years, in coming times the returns are going to be even higher. At present, the average property prices stands here at Rs 6749/sq.ft. Madhapur is one of the luxury property markets in Hyderabad offering 2BHK, 3BHK, 4BHK and 5BHK units for sale.

Gachibowli: Gachibowli prime locality and is one of the key IT suburbs in Hyderabad. It has well-developed infrastructure and lies close to some of the prime areas, including Jubilee Hills, Madhapur, Banjara Hill, Kothaguda, Mehdipatnam, Panjagutta and Kukatpally, among others. The property prices here have witnessed a 34% rise and are expected to soar rapidly. It can be the best investment area, having an average price of Rs 6287/ sq.ft. The locality offers lush green spaces and plenty of parks for children and senior citizens.

HITEC City: HITEC City is located in the heart of Hyderabad’s IT hub. HITEC City has witnessed strong residential sales momentum, with those employed in the IT/ITeS sector seeking homes in the vicinity. Most of the residential projects offer quality construction standards, features and world class amenities. The average price here is Rs 6505/ sq.ft. Several premium gated residential properties are in HITEC city for sale.

These are the booming real estate areas in Hyderabad where you can invest now and surely reap a high ROI in next 5-10 years.

Best Upcoming Areas in Hyderabad For Investment

We have listed here the best upcoming areas in Hyderabad where you can invest in flats, plots or commercial properties for better returns in coming times. These areas are little reasonable in cost as compared to above mentioned areas.

Kukatpally: Kukatpally is a residential-cum-commercial suburb in Hyderabad. The locality offers both commercial and residential properties equipped with best-in-class social and civic infrastructure. The property prices here have gone up by 51.5%. The average property price tagged here is of Rs 5270/ sq.ft. You can invest in 2BHK, 3BHK and 4BHK apartments and flats for sale are available here from reputed real estate developers.

Nallagandla: Nallagandla has grown into prominence as the new IT/ITeS industry. It is strategically loacted in proximity to the IT and Finance hubs and making into very desirable residential area for the professionals. The average price here is Rs 5431/ Sq.ft. Many flats and apartments for sale are available here in different configurations (2BHK, 3BHK, 4BHK) from affordable to ultra-luxury segments, in both gated and non-gated communities. Plots and villas are also available for sale and one can opt for these  according to their budget. Nallagandla is located between the Outer Ring Road and Old Mumbai Road, which make it accessible to major areas of Hyderabad, such as Banjara Hills, Gachibowli, BHEL and HITEC City.

Chandanagar: Chandanagar locality is steadily growing and developing as a residential hub and is highly sought after because of its high potential for growth. It has close proximity to IT hubs including HITEC City and Gachibowli, making it a favourable location for a residential hub. It is well connected to both the Old Mumbai Highway and new Mumbai Highway. The average price here is Rs 4935/ sq.ft. You will find several renowned gated community apartment and villa projects for sale e.g. Aparna HillPark Gardenia, Aparna HillPark Avenues, etc.

Manikonda: Manikonda has evolved as a residential and commercial hub for IT professionals. The average price here is around Rs. 4586/ sq.ft. The civic and social infrastructure is world-class and is continuously developing in all its spheres. Several exclusive residential gated communities are available here for home buyers especially for IT professionals. In addition to world-class luxury gated community apartments, you can also find multiplexes, eateries, shopping malls, hospitals, schools and several IT companies in the vicinity.

Rajendra Nagar: Rajendra nagar is growing fast with increased demand from home buyers. There are several renowned residential property projects running here. The average cost is Rs 5281/ sq.ft. It enjoys  good connectivity with Secunderabad Railway station, Banjara Hills, Begumpet and Hitech city. You can invest in flats, apartments, villas and independent plots here, which will give you high returns as it is the  center for various educational and health-care centers.

Which is the area to Invest in Land in Hyderabad?

It is a sound investment decision to buy piece of land, as its prices are surely keep rising. Also, you can opt to build your own home or sell it to get a handsome return, later in life.

You can invest in land in localities like Alkapuri, Nagaram, Musheerabad, Moula Ali, Uppal, Nagole, etc. or areas near ORR circumference of Hyderabad. There are many small and big ventures from established property developers available here at much cheaper rate than in the already saturated city's central part.

Key Take Aways of Property Investments in Hyderabad:

  • Investment in real estate properties in a city like Hyderabad, if done cautiously can give good returns in long term.

  • It becomes a valuable asset for your next generations to reap its profit.

  • You can also rent out your flat, independent house, villa or any commercial property (office, shop, etc.) and gain a handsome return in addition to your monthly salary.

  • If the value of your property rises significantly, then you can sell it at a good price in the future to earn lucrative returns on your smart investment.

  • You should prefer to buy an apartment/ flat in an area close to the city’s IT and business hubs for high ROI.

Conclusion:

Any kind of real estate investment in Hyderabad is indeed a wise decision as the city boosts a booming real estate market which is sure to increase the value of your property in future. However, you need to choose the right place before you invest. A wise choice would be to consult a reliable real estate agency. They would make your job easier by bringing you the right choices of properties available for sale in Hyderabad to your table from which you can choose the one you like.


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  • By Anupama Meshram |
  • May 14,2019

Which Is The Best Real Estate Company In Hyderabad?

After Bangaluru, Hyderabad is one of the best performing real estate markets in India. The globalization and IT revolution have propelled Hyderabad to this position as one of the fastest growing metropolises in the world.

According to the World Economic Forum (WEF), Hyderabad is among the top 10 fastest growing cities in the world. Hyderabad holds an 8.47% GDP growth and is marginally behind Bengaluru city. It has already overtaken Bengaluru in terms of real estate service growth in the first quarter of 2019.

Presently, the Hyderabad city is experiencing a phenomenal spurt in residential real estate activity with appreciating values and increase in retail and office absorption (continuous after 2014).

Reasons for Development of Real Estate Companies in Hyderabad

Here, we are presenting you with some of the strong reasons of why the major real estate development companies have consistently shown interest in Hyderabad city.

  • Over the past two decades, the city had become the preferred destination for IT companies and many more knowledge-based industries. Its talent pool and central location made Hyderabad an appealing city to set up many corporate headquarters here.

  • The residential demand in Hyderabad has witnessed a significant increase due to rising employment opportunities and positive market outlook which were previously marginally affected by policy changes including demonetisation, RERA and GST in 2017-18.

  • Well-developed infrastructure, employment opportunities and robust growth have strengthened the market. People coming into the city love to settle in here for better education, medical facility and social life.

  • Due to availability of land, most apartments constructed by popular real estate companies in Hyderabad are spacious and large, when compared to other metro cities like Mumbai/Delhi/Bengaluru. This leads to more comfortable living with less investment on property.

Popular Real Estate Companies in Hyderabad

You will find all major real estate development companies of India, in Hyderabad, venturing in all possible real estate segments – residential, commercial, land development, etc.

Some of them are:

You can find details of various real estate properties in Hyderabad on Proppick.com – Best Real Estate Portal in Hyderabad, India.

Real Estate Services in Hyderabad

There are many real estate agencies working in Hyderabad, but the best is the one that has created a niche is the market. A best real estate agency in Hyderabad understands the changing scenario of the industry in the capital city. A reputed real estate agency in Hyderabad like Proppick, has been in this market for more than two decades. It is a well known and most essentially a trusted name in the real estate market of South India.  

Proppick.com lists the city’s genuine residential and commercial real estate properties and projects along with their modern amenities and other important details.

We are trusted by hundreds of patrons spread across many cities like – Hyderabad, Kakinada, Trichy, Guntur, Chennai, Vizag, Bangaluru, etc. as one of the best real estate service provider in India. The website proppick.com gives homebuyers various options and filters to search a desired kind of home, flat, plot or villas. Gated townships and independent villas or free hold properties are also listed here.

Proppick is one of the largest diversified real estate company with over 25 years-long experience in Real Estate Sector. We have the best team of real estate development professionals which are sincerely living up to the expectations of our patrons.

Reasons, why Proppick Group is trusted as one of the best real estate companies in Hyderabad:

  • Wide property listing – Apartments, Flats, Villas, Plots, Independent houses, Farm lands, Shops, Offices, etc.

  • Transparent dealing

  • Complete Property details are provided

  • Regular Updates of Property listins

  • Best Property Prices

  • Complete Home buying solution provider.

Final Words:

Hyderabad's future is bright and its growth has rebounded amazingly as compared to other cities of India, even after bifurcation of the state in 2014. With real estate investment perspective, the prospects are bright. But, one should cautiously collaborate with trusted real estate brands only to reap maximum benefits of the deal and peace of mind.

For more information on your dream property, reach us on - 9885918456 or email us at support@proppick.com.


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  • By anupama |
  • May 02,2019

Where To Buy New Flats In Hyderabad

Searching for New Flats for Sale in Hyderabad?

Looking for a new house or flat for sale in Hyderabad is exciting but a tedious task. It involves a mesh of issues like from searching the right project, flat, under construction or ready-to-move-in, suitability of the locality, budget criteria, floor plans, bank formalities, amenities, and the list is endless. The more is always less while selecting a dream adobe for your family in manaa Hyderabad.

Every day hundreds of new flats for sale come up in Hyderabad city. But where to buy a new flat in Hyderabad or which is the best place to select for your residential need is a big question?

The internet is flooded with information for new flats and apartments for sale in the city of pearls - Hyderabad. You can find it difficult to whom (builder) you should trust and make a new flat’s deal?

Where to buy a new flat?

From where to buy a new home or flat in Hyderabad city is a bit overwhelming task, as every property portal assures you to be the most best real estate website on the net?

If you are looking for genuine property portals where you wish to get verified as well as affordable prices for new flats for sale in Hyderabad city then don't look beyond Proppick.com.

At Proppick you get all intricate details of newly constructed flats for sale, in all budget segments - premium and affordable. The wide filter options help you instantly to zero down the desired property of your choice.

Proppick lists the most advanced real estate projects of Hyderabad like Kalptaru, Prestige group, Atria, Aparna, Pbel city, etc. which believes in innovation inspired living. The amenities provided in most of our listed properties are world-class and use cutting edge technology in home automation service.

These available magnificent smart apartments are the perfect combination of class and convenience, that can redefine the experience of luxury living.

Best Places to buy flats in Hyderabad

Presently, the best places to buy flats in Hyderabad are near Hitech city. The flourishing real estate market of Hyderabad gives you (as a property buyer) ample opportunities to purchase 2BHK, 3BHK, 4BHK flats at affordable prices.

The best places to buy real estate property in Hyderabad - be it a 1BHK flat, 2BHK flat, 3BHK flat or 4BHK flat, are Kompally, Gachibowli, Mokila, Shankarpally Road, Financial district, Kondapur, Narsingi, Manikonda, Alkapur Township, Bachupally and many more areas near Hitech are rising, continuously. The other fast-developing areas for investments are Nallagandla, Chandanagar and Kondakal.

You can find new apartments and flats for sale in gated and non-gated communities which may vary in prices as per the amenities provided.

Several top real estate residential property projects of Hyderabad offer top quality construction, services, privacy, security and exclusive access to amenities like play grounds, clubhouse, swimming pool, gymnasium and much more.  

Conclusion:

The Gated community apartments with new flats offer more than just a home for you and your family, as they are loaded with various amenities which raises your lifestyle standards, amazingly.

For more information on new upcoming projects and freshly constructed flats for sale in Hyderabad, please contact us now for better deals.

Check Here:-

1.Reasons for Why to Invest in Mokila, Hyderabad? in 2019

2.Thinking For Investment in Property - Buy Open Plots in Hyderabad for Better Returns

3.Which is the Best Place to Buy a Property in Hyderabad in 2019

4.Top 10 Projects In Hyderabad

5.Best Places for Land/Plot Investment in Hyderabad 2019

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  • By Anupama Meshram |
  • May 01,2019

What Is The Best Real Estate Property Portal In India?

One of the Best Property Portal in India: Proppick.com

Property Portals in India

Buying a new home or land for a residential or commercial purpose is a daunting task. However from the last few years, with the technological shift in the real estate market, the property searching and buying process has become much easier.

Presently, there are large numbers of real estate websites in India (local & national) available for property buyers. You no longer have to physically visit every real estate agent or company to research or track down any property for investment. With these digital web-platforms, you can do a preliminary property search very conveniently from your phone or desktop.

Best Property Portals in India

From among numerous real estate websites available on the internet, Proppick.com is one of the best property portals in India and trusted by a large number of patrons. Here, you get verified properties easily, at the lowest prices one can think off!

Proppick.com - leading property portal lists the best real estate sites in India in both commercial and residential segment. Property buyers can comfortably search, locate and explore all the details of any property from our user-friendly website. Here, over lakhs of property listings are found, that spread all throughout India along with some international properties located in Thailand.

Why Proppick should be your obvious choice to Buy or Sell Property?

We have listed here the best reasons for you to choose Proppick.com for your best property deal, which other real estate portals can’t offer.

1)    Genuine Property Listing

Home seekers will get only genuine properties on our website. This saves your lot of time and energy, and you are able to make the right property purchase decision quickly.

2)    Latest Property Listing

All commercial and residential properties listed on our real estate website - proppick.com are upgraded regularly. You will get the listing of all upcoming, ready-to-move-in and on-going projects of all the cities. Major cities like Hyderabad, Chennai, Bengaluru, Vijayawada, etc. all prime and minor property projects are updated regularly so that one can find their dream property conveniently. Prime location properties and freehold properties in interior locations of cities are also listed with us along with there all details.

3)    Right Connections

Proppick is in the real estate business from over two decades and believes in working in ground level. Our trusted real estate agents are connected to verified property dealers and landowners who want to sell their property. Our real estate website lists all such projects and independent properties and enables property owners to get quickly connected to the desired property owners and projects. Our city wise property portal of Hyderabad, Chennai, Guntur, Vizag, etc. provides you with a large number of property listings in both commercial and residential segment. Whether you are looking for an independent plot, apartments, house, flat, villa or gate community house or land, you will get in-depth details and locality wise listing seamlessly.

4)    Unparalleled Support

We have a highly trained team to provide you with unparalleled customer support in all major cities as listed with us. We help you through all the real estate property buying and selling process from search to the finalization of the deal. Our team works round the clock and present you with the best of the deals available in the market to buy your dream property.

5)    User-Friendly Portal

Our user-friendly property portal is one of the best real estate portal in India. You can seamlessly navigate from one category or page to other desired pages seamlessly. We have categorised all features as per the property buyer's requirements so that you can easily search your dream property.

You get the option to search as per the city, BHK, locality, builders, project, type of property and budget. You can explore property details, floor plan, units available for sale, property photographs, etc. very easily.

A unique “Investment Spots" category is provided for property buyers, who wish to buy property from long term investment perspective, only.

6)    Interiors, Vaastu & Architecture Services

We cater to other real estate services like Interior Designing, Vaastu and Architectural design. All services are provided as per the client's requirements and budget at very affordable prices. We expertise in both commercial and residential property’s design and construction. You can easily access our services by connecting to our specialists and up-do your house, quickly.

Final words:

Property buying is actually a long process, but if you arm yourself with the right resources, sealing the property deal can more easily become a reality in less time!

Proppick - One of the best real estate property portals of India is specifically designed to save your time, money and energy spent on searching property for home and business investment. We are present in most of the cities of India and finalizing property deal from here will be a fantastic experience for you.

For more details connect with us now!

Check Here:-

1.Villas for Sale in Hyderabad

2.Plots for Sale in Adibatla

3.2bhk Apartments for Sale in Gachibowli

4.3Bhk Apartments for Sale in Kondapur

5.Best Places for Land/Plot Investment in Hyderabad 2019

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  • By anupama |
  • Mar 07,2019

Reasons For Why To Invest In Mokila, Hyderabad? In 2019

Mokila, a suburb of Hyderabad, is becoming the most popular choice among real estate property buyers. The major buyers are IT employees working in closer commercial hubs of Gachibowli, Kokapet and Hitech city, mainly for residential purpose.

Destination Mokila - Property Guide
Mokila is situated north of Hyderabad and offers both premium and mid-segment residential properties to property buyers. It has witnessed a consistent price rise in the last two and a half year. It is considered best for investment and for self-use, because of its efficient connectivity, consistent demand for residential houses and closeness to job hubs.

Connectivity

Mokila is well connected to Hitech city and Gachibowli via Shankarpally road. It offers easy connectivity to a number of schools, hospitals, and shopping malls.
It is well connected to railways station - Shankarpally which is only 13Km from it.
The Rajiv Gandhi International Airport is 46-Km from this locality and takes only 50 minutes via ORR, to reach. The TSRTC, Metro and MMTS network provides efficient connectivity to major localities of the city.

Property Prices

Mokila offers a wide range of residential properties to Home Buyers. Flats, independent houses, villas and open land for sale are available for every type of property buyer in all price segments. 
You can easily find a 2BHK flat for sale of size 1200sq. ft in the price of around 20 Lakhs and residential plot of size 1500 sq. ft. with price lesser than 50 Lakhs. 
If you are looking for spacious or premium quality houses than the cost will be between 1-2 crore for a 3BHK flat of size 2400-4000 sq. ft. There are residential properties - flats, independent houses available in gated communities loaded with basic amenities.

Civic Amenities & Infrastructure

Mokila has decent infrastructure facilities helping in end-users to prefer this locality for residential and commercial purpose. It provides all kinds of social amenities to live a happy and peaceful life.

The areas houses many schools like the Indus International School, ICFAI Business School, Open Minds School and many more best educational institutions of the city. You can find major health institutions and hospitals here like Tangatur Hospital, BNR Hospital, Ramchander Hospital, Old Government Hospital and New Government Hospital.

Apart from schools and hospitals, Mokila locality includes various banks including Andhra Bank, State Bank of India, State Bank of Hyderabad, HDFC Bank etc. It also provides recreational amenities and popular tourist destinations like Ocean Park and Lake.

Green Cover

Mokila is well surrounded by the lush green cover which one can not find at such affordable price-segment, in any other part of the Hyderabad city. This makes Mokila once again a strong reason for investment, especially for home buyers who wish to live away from city chaos and concrete jungle. Yet able to enjoy all the conveniences that a city offers.

Due to its vast green expanse, availability of land and proximity to employment hubs, Mokila is offering promising potential for premium residential projects - Villas and Bungalows. It also has the potential to turn out to be a lucrative spot for construction of luxury resorts and spa. 

Final Words

The limited availability of land for residential purpose in the surrounding area as well as the fast pace of commercial development taking place in Shankarpalli area, Mokila is a much sought after destination in Hyderabad for real estate investment. The investor will surely benefit with better appreciation in price as the locality enjoys all the factors required for better living.

Projects like Lapaloma and Sark Garden Villas Project are among the best projects to buy or invest in Mokila.
Check Here:-
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  • By anupama |
  • Mar 03,2019

Real Estate Investment - Women’s Day Special Edition

The present ‘Women of Millennial’ is no doubt - progressive, dynamic and ready to take challenges or responsibilities of all levels. They are confident enough to make decisions for their career and investments, independently.

Change in Perception for Real Estate Investment among Women

In recent times, there is a tectonic shift in millennial woman investment preferences. Along with the gold, FDs, SIPs, real estate is also a new favorite choice in her investment portfolio. With a rising number of working women in India, financially independent women are actively participating in buying homes, both for living as well as for investment purpose.

It is surprising to know that in a recent survey it was found that, the Indian women don't want to compromise on the property sizes and would rather prefer to spacious 2BHK or 3BHK home options to buy.

On the occasion of International Women's Day, we are presenting here an article to help women know their privileges and challenges that they might face while buying a home. We hope this will be helpful to you.

Privileges:

There are many benefits that Indian women can avail for buying or registering property in her name.

1) Lower Rate of Interest

A small reduction on the interest rates gives a big saving on long-term home loans. Home loans fall under the category of priority lending, hence has a lower rate of interest as compared to other types of loans.

Women home-buyers further get a discount on home loan interest rates to the tune of 5-10 basis points. Many banks like SBI, HDFC, ICICI, etc. offer discounted home loan rates especially to women as compared to men, the variation can be near to 1%, depending upon the bank.

2) Faster Bank Loan Approval

Many banks offer faster bank loan approval when the primary applicant of home loan is a woman. The lending institutions carry out their part of loan clearance formalities of the application concerning -income of the applicant, credit score, another bank/loan liabilities, etc. Usually, women applicants are perceived to be less risky and hence loans can be approved in less time.

3) Lower Stamp Duty

It is mandatory for any property to get registered in the local land governing body (under the Indian Stamp Act, 1899) mainly to validate the sale of the property and maintain a record of the purchase. This process requires making a payment through stamp duty by the property buyer. It usually lies in the range of 4-10% of the registered value of the property. This charge may considerably increase your budget set on purchasing a house. In Hyderabad, stamp duty charges are 4% on the property value.

The stamp duty charges are lower if property registration is executed in the name of a woman. As it is a state subject, it can vary from state to state. It might even vary within a particular state, based on the classification of the region as 'Rural' or 'Urban'. So, make a check of stamp duty charges beforehand to avail the benefit.

4) PMAY Benefits

Women can avail an added benefit through PMAY (Pradhan Mantri Awas Yojana), which empowers a woman of a low-income group also to own a house - as per the ‘Housing for All by 2022’ mission. You get a privilege of interest subsidy given on housing loans under the new Credit Linked Interest Subsidy Scheme. In this scheme, under the category of Economically Weaker Sections (EWS) and Low-Income group, to avail this benefit, it is mandatory that a woman should be a sole owner or a co-owner of the property to be registered.

5) Special Discounts from Realtors

Often construction companies or builders would offer special discounts to women home buyers. Discounts to women home buyer should not be the sole factor for buying the home. Although it looks enticing, due diligence is advisable into the property details, before finalizing the deal.

Challenges Faced by Women

Buying a property by a woman is not a complete cakewalk. They too have to bear with some challenges while buying their dream home.

1) Restrictions on Co-Owner Loan Application

While men have the liberty to apply for loans with their parents or brothers as their co-applicants, women do not have that privilege. Only unmarried women can have their parents as co-applicants and married woman co-applying with her mother/father is not easily accepted by lending institutions. It is a lender’s prerogative to approve the loan application of woman as co-applicants.

2) Search for Secured Property

Women usually prefer properties which ensure safety and security to them. Such properties do come with high prices than others. This may put an extra budget burden on sole women property buyers. However, there is reliable property portal like proppick.com, which provides detailed information related to any type of property - Flat or independent house or gated community villa or plots to search and finalize your dream property for residential or investment purpose.

Final Words:

With the evolving socio-economic scenario, Women are rapidly emerging as a critical home buyer segment in India. It is good for any economy when women take an interest in real estate investments.

Property marketers and property developers should re-strategize their business approach to include them as important customers and consumers. However, it is recommended that every woman should act with a lot of caution and thoroughly check all required documents before deciding to buy a home.

Proppick.com - one of the best property portals of Hyderabad where you can easily get a wide range of best and affordable properties of your choice. For more information, you can log on to our city based property searches.

Check Here:-

Best Places for Land/Plot Investment in Hyderabad 2019

High Time to Invest in Real Estate at Hitech City

10 Things to Consider Before Purchasing Flats and Independent Houses in Hyderabad

Sustainable Living: Highlights of the Green Building Boom

Driving Forces of Hyderabad Jobs, Infrastructure, Optimism, NRIs, Govt Initiatives

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  • By Anupama Meshram |
  • Mar 05,2019

Thinking For Investment In Property - Buy Open Plots In Hyderabad For Better Returns

Investment in open plots continues to remain the most popular type of real estate investment in India. The availability of land for sale is limited, but the demand for it is ever-increasing, especially in flourishing towns, cities, and metros. 

In the last two decades, the land is the only asset that has increased in value by over 800%. This is the reason why more and more people are investing in open plots or lands in urban cities.

From long term prospect, investing in residential plots or properties is considered as the most profitable option not only in India but all over the world. Buying an independent land or open plot means sovereign choice to build a house of own choice depending on family requirements and budget. 

Flourishing Hyderabad City

Hyderabad city is considered as one of the most popular cities in India for its vast land availability and affordability. Out of the other cities of South India - Bengaluru, Chennai, Coimbatore, Vijayawada, Vizag. Hyderabad is developing at a fast rate in all its spheres of development - social and economic, due to positive initiatives undertaken by the state government of Telangana. 

All multinational companies present in the world holds offices in Hyderabad. The heavy investment from these tech giants and flourishing educational, medical and business facilities have accentuated Hyderabad as the most desirable city of India. This has opened doors for investment in real estate segment for all types of salary group people, also. 

Best Real Estate Property Portal in India – Proppick.com

While there are several best places to invest in Hyderabad, what is most essential is to choose a trustworthy real estate portal or agency that gives full value for your time and money invested. 

Proppick - a leading real estate property portal in Hyderabad provides you with a huge database for availability of open plot for sale in Hyderabad and its vicinity. It has a vast network of trusted property land developers and dealers working at the root level of the city to bring the best property search to you with the lowest price tag.

You can easily choose with your type of property, budget, and area of preference to search for a desired property in its website - proppick.com. It includes detailed layout features, amenities, map, area, rates, availability of plot units for sale and many other deliverables that property buyers need to know. It lists many premium projects, gated community plots for sale and independent open plots for sale to fulfill the search for your dream property. 

There are several options available for investment in land property in Hyderabad city according to your budget constraint or area preferences. 

We are presenting you with some of the best areas for land property investment in Hyderabad city that has given best returns in the shortest of time. They are:

Adibatla: It is the next top Hitech city building in the south zone of Hyderabad. TCS has already set up their office and has world class entertainment park- Wonderla. It is considered as the best area of Hyderabad for investment purpose, especially open plots. Several ventures with well-planned residential gated community project like Aerospace County and many other retirement homes available in this region are the best options for investment, for property buyers. 

Ibrahimpatanam: The easy connectivity from Hyderabad to Ibrahimpatnam has provided an excellent opportunity for investment in open plots in this belt. A lot of engineering colleges, connectivity to ORR and quick access to upcoming Fab city, Pharma city, etc. has a lot of potential for better returns in for real estate properties in this region in future. There are several HMDA approved gated community projects like JB's Serene City - Phase IV, offering open plots for sale at reasonable prices. 

Shadnagar: It is well connected with other parts of the city through public transport system and offers easy access to schools, colleges and hospitals. Investment in independent villas and open plots for residential and investment purpose is expected to give better returns. You can invest in ventures like Lorna Greens for quality living.

Srisailam: Srisailam National Highway benefits with the development in the vicinity area and also providing great investment options for open plots. Many gated communities like BMRS Pranava, are providing quality conscious infrastructure and amenities to the property buyers at affordable price.

Kompally: Kompally is witnessing economic growth at a fast rate and one can find a huge number of residential projects coming up here. If you are considering for good neighbourhood and close proximity to Hitech city then investment in this area is the best bet to go ahead. World-class residential plots and independent villa options are available here like - Icana Meadows.

Shankarpally Road: Shankarpally road is expected to give the best returns because of its close proximity to Hitech city, Gachibowli, etc. People interested in independent plots can opt for ventures like Vanabhoomi, Hiranandani Loftline, Maitri Enclave, etc.  which are providing full amenities in its gated community.

Bhongir: Bhongir is taking advantage of heavy investment in temple town Yadagirigutta. Buying open plots here is more cheaper than Yadagirigutta. It offers great value for investment in future as it is connected to Hyderabad - Warangal Highway. PVR T-Town is offering HMDA approved layouts near the foothills of the Bhongir Fort.

Shamirpet: Shamirpet is undergoing a fast pace of infrastructural development. Many real estate project investments have already started in this region opening for better returns on property investment in the future. Residential open plot venture like Arya Nagar Phase II is providing HMDA Approved layout here to look out for.

There are several other localities of Hyderabad which are witnessing many residential as well as commercial real estate ventures getting launched e.g. in Shamshabad, Tukkuguda, Kukatpally, Vanasthalipuram, Madhapur, Yadgirigutta, Gajwel, Attapur, Uppal, Jalpally. For more information in best and affordable properties in these areas please contact us. 

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  • By Anupama Meshram |
  • Feb 20,2019

Commercial Real Estate Industry Trends In 2019

Commercial Office Space - Best Performing Real Estate Segment


The 2019year was the best performing year for the Commercial Office Space segment, reported by Knight Frank India in its 10th edition half-yearly report. It gave a comprehensive analysis for a period July-December 2019 on India's commercial real estate market performance across its major cities - Mumbai, NCR-Delhi, Hyderabad, Bengaluru, Chennai, Ahmedabad, and Pune.


It reported that the market grew by a record high of 12% y-o-y for the full 2018 year and has achieved the transaction volumes of 46.8 million sq ft, which is the highest in the Indian office space market of this decade.


Bengaluru is the leading the office space market, with a record 7.6 million sq ft leasing in a full 2018 year. Hyderabad too, saw the highest percentage increase in space transacted i.e. at 30%. This has been close to large markets like as Pune, Mumbai and NCR.


The major contributor to this growth has been the Co-working Spaces. The leasing activity by co-working spaces saw a significant rise of 52% y-o-y in 2018(June-December) as compared to the same period in 2017.


Hyderabad Office Absorption: An Insight


Strong traction in Hyderabad’s commercial space is specifically witnessed in the office space segment. By the end of the 2018 year, Hyderabad saw the absorption of 6.40 million sq. ft office space across the city, which is around 18% higher than last year.


Deals greater than 10,00,000 sq. ft constituted 70% of total leasing activity in Q3 2018, which was 30% higher than Q2 2018, this indicates the rising occupier confidence in Hyderabad’s flourishing market.


This has been majorly contributed by tech giants like Facebook, Accenture, CoWrks among many other companies.


The IT/ITeS sector is expected to stay dominant over the next three years (2019-2021). The pharmaceutical and biotechnology sectors are also likely to perform well with the kind of positive initiatives taken by the government.


Hyderabad is expected to deliver office space of about 70 million sq. ft in the city's western part, in the next 5 years.


A leading global investment consultancy asserted that there has been a surge in the demand for office as well as residential spaces in the city. Various new project launches have been seen in the October-December period of last year.



Growth Factors for Office Segment:


  1. Co-working Spaces

Apart from the IT/ITes sector and manufacturing companies, considerable demand for office spaces also came from co-working space operators. With this huge demand for offices, areas like Madhapur and Gachibowli, it has seen an upward trend in rentals by nearly 5-7% on a y-o-y basis.


  1. Favourable Investment Climate

The rise in property and rental rates is due to the expansion taken-up by several companies and the favourable investment climate seen in the west zone of the city. Out of the total new launches in the city, over 70% share belonged to the western region of the city.


A majority of the new real estate project launches were in the locations such as Manikonda and Kondapur flats, which have gained prominence as a residential neighborhood because of proximity to various employment hubs.

Similar new launches were also seen in north-western peripheral locations of city - Kukatpally, and Bachupally.


  1. Better Employment Prospects

Vacancy levels as low as 4% in Hyderabad city, is pushing the rentals higher in this strategically located micro-market comprising - Hitech City, Madhapur, Financial District Raidurg and its surrounding areas.


  1. New Market Areas are Rising

The peripheral business district micro-market, comprising of Pocharam, Uppaland, and Shamshabad, is catering to occupiers looking for new Grade A facilities and IT parks. The low supply and high demand in this micro-market resulted in a y-o-y rental increase of 9.1% in Q4 2018.


Plan to Meet the Needs of Future


Real estate experts assert that in the future, the western part of the city will be more populous and expected to add over 60% of the existing population. To avoid more chaotic situation more infrastructure, both physical (roads, water supply, drainage, etc.) and social (education, health, shopping, security, etc.), will be required to develop to balance the population explosion.  


With the announcement of the formulation of a Comprehensive Plan by the Telangana state government, to convert Hyderabad city into a truly global.


This Comprehensive Plan will be designed to meet the future needs of the growing city - population explosion, congestion, traffic issues, drainage, transportation and reducing green cover.


Conclusion:


Keeping these developments in mind, it is expected that the office space occupancy demand to remain strong, along with the support of the upcoming supply over the next three years. This will also help in pushing the average city rents by 2.3% over 2018-2021. This concludes that the future prospects of Hyderabad city are looking bright and the present time can be considered as the best time for investment in this segment - Commercial and Office space.Proppick is one of Best Property Portal in Hyderabad


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  • By Anupama Meshram |
  • Feb 11,2019

Vastu Shastra For House: Tips For Main Door/Entrance

The main entrance door is the foremost passage which creates life in a home. It is the transition zone through which people enter the home from the outer world. It's placed from where positive energy, happiness, and good luck enters the home.

Due to this reason the main entrance door should be positioned in such a way where it can activate the most beneficial cosmic energy that promotes health, wealth and harmony for the inhabitants.

There are various aspects that you have to keep in mind before the placement of the main door for your house during the construction phase. We are presenting you some important tips that can help you to position your main entrance door as per Vastu Shastra for your house.

1. The direction of the Main Door

The main door should always be placed in the North, North-East, East or West directions of the home as they are considered auspicious. The door should be placed in the center of the wall, away from the corners of the wall.

If the door is placed in the North East or East directions of the house, it will allow an ample amount of sunlight in the morning which is good for health. Avoid placing the main door in the south-west corner touching sides, as it allows harmful UV rays to enter your home.

2. Mind Main Door of Opposite home

Do not place your main door to the opposite home's main door. This is to avoid unnecessary show up of your house when both doors are open.

3. Watch for Abandoned house location

Avoid placing your main door towards an abandoned/ deserted house or building as this can create negative energy flowing into your house. Also, you will feel scary sometimes or negative thoughts will come into your mind whenever you open your main door.

4. Size of the Door

Size of the main door should always be bigger than any other door in the house. The bigger size allows easy movement of furniture or electronic items through the door. Avoid having three doors in a line, parallel to the main door as it is considered as a serious Vastu defect and can affect the happiness in the home.

5. Main Door Material     

Wood material is considered as most auspicious material for the main door. It is believed that wood absorbs negative vibes and allows only positive energy to pass through it. The door should be strong and sturdy without any cracks or damages.

You can use some combination of metal materials with the wood depending on the direction of the main door viz.

  • Northern main door: You can use more of silver color.

  • Eastern main door: The wooden door can be adorned with limited metal accessories.

  • Western main door: It should possess metal work.

  • Southern main door: A combination of wood and metal is good.

6. Main Entrance Gate Location

Keep the main entrance gate and main entrance door on the same side of the independent house. Vastu Shastra does not consider it auspicious to have both in the opposite direction as it causes inconvenience to the guests.

7. Location of Underground Tanks

Do not have an underground water tank and septic tanks under the main entrance door, especially in independent houses. The reason behind this is during cleaning of these tanks, it will be of great inconvenience to the family members, as all things will be done right in front of the main door.

8. Look of the Main Door

A clean main entrance attracts positive energy. Avoid keeping broken furniture, dustbins or unused items near the main door. The surroundings of the main door should be clean and have adequate light. Try to have an artistically designed main door. You can decorate it with divine symbols like Swastik, Om, cross, etc. depending on your choice. The main entrance should exude warm welcome to everybody entering your home. Place beautiful green plants at the entrance, if there's a place.

9. The opening of the Main door

The main entrance door must open at 90 degrees, without any obstacle in the way. It should be opened inside in a clockwise direction without making any creaking noise (while opening or closing the door). Ensure that all hinges are oiled regularly, screws are not missing, accessories are polished and extra nails are removed.

10. Put a Name Plate

Put a nice nameplate at the entrance. If the door is in the North or West direction - Metal nameplate is recommended. And if the main door is in the East or South direction - Wooden nameplate is recommended.

11. Corner main doors

Avoid the corners of the wall while placing the main doors of the house. The main door should be placed a few feet away from any corners. It is best in the interest of the inhabitants.

12. Count of Doors and Windows

The total numbers of doors and windows should always be even in the house.

Wrapping Up

Buy a flat, villa or independent house, keeping in mind with correct vastu for the main entrance door. If you need some guidance from vastu experts for your residential or commercial property, then you can avail our service, any time.

Check Here:-

1.Reasons for Why to Invest in Real Estate in Mokila, Hyderabad 2019

2.Top Commercial Real Estate Industry Trends in 2019

3. How will be Year-2019 for Home Buyers?

4. Which is the Best Place to Buy a Property in Hyderabad in 2019

5.Best Places for Real Estate Investment in Hyderabad 2019


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  • By Anupama Meshram |
  • Feb 01,2019

New Real Estate Investment Segment – Retirement Homes (A Complete Guide)

We all work hard to have a comfortable and financially secured future. This has become absolutely important to think, in present times where everybody wants to live leisurely and independently.

Senior citizens are now discovering the joys of retirement in second homes also called as Retirement Homes that offer several comforts and facilities, required at that age.

Earlier, Retirement Homes - a foreign concept, was looked upon with disdain but with time, this concept is gaining greater acceptance in India, too. The reason is obvious, small families, children working in distant places or living away from parents.

Children of elderly alone parents, look for safer living locations for their parents, where all daily needs, specific amenities (old age related) and basic medical care are perfectly taken care of.

Indian Market for Senior Citizen Homes

According to JLL analysis, there are 135 towns and urban cities in India, with a total of 52 million households, there exists a total of 12.8 million households with senior citizens. Presently, there is a large gap between potential customers and customers who are aware of their requirement.

Although there is a nationwide requirement for senior citizen housing projects, south India seems to be the largest market. Among all states, Tamil Nadu has the largest percentage of senior citizens with high per capita income.

Major realty developers are providing completely secured and quality retirement residential properties, farther from noisy urban cities to give a quiet and serene atmosphere to old age people. Cities like Hyderabad, Bengaluru, Chennai, Kanchipuram are popular locations for retirement housing in south India.

Investment in Retirement Homes can be

• For investment purposes
• For self-use
• Purely as a retirement home.

A post-retirement second home is no longer ‘just a nice place to live’, but it place where same age group people can lead their quality lives – respectfully without depending on others.

Guide for Retirement Homes Investment

The best age to start investing in retirement homes in India is between 45 and 55 or couples should buy such type of second homes 10 to 15 years before their retirement.

Before investing to buy a retirement home, one should take due care about such type of properties. We have listed the things you need to know:

Location of the property

The retirement homes or senior citizen residential properties are usually located on the outskirts of the cities or in remote locations. As land developers get cheaper land there, they build vast tracts of land necessary for such projects.

Such areas are quiet, peaceful, an abundance of sunlight, have a pollution-free environment with lush green vast areas. They give complete resort like feeling to the occupants. However one has to make sure that the place is well connected to the city by good roads and have reliable public transport facility.

Accessibility

The project should have good accessibility from the airport, railway station, bus station and availability of medical services. This enables you to travel to the city easily, whenever required and also your relatives can easily visit you. The project should be situated within a few kilometer ranges of the hospital in case of medical emergencies.

Amenities and Maintenance Cost

The amenities required for senior citizen housing or retirement homes is different from other target age groups.

Senior citizen housing property buyers today want comfortable and fully-facilitated homes, which amplify their quality of life after retirement.

These residential projects should be self-sustaining so that the residents do not have to venture out of the locality for basic services. You must consider maintenance charges, security charges, nursing & healthcare facilities, clean water supply, food/canteen, laundry service, landscaped gardens, leisure activity areas and other amenities necessary for senior citizens before finalizing the deal. 

Life after retirement is meant to be enjoyable, so senior age people expect to find avenues of entertainment and relaxation within the housing project premises.

Payment Options

There are several financial assistance provided to buy residential properties now. Various schemes are provided by banks for easy loan payment options. Also, you can sell your old home to fund a new retirement home purchase.

Original house

You become more asset rich with two residential properties. Keeping the original old house offers the flexibility of returning back if you do not like to live in the retirement homes. You need to keep a balance in immovable and liquid assets to meet your day-to-day expenses.

Conclusion

The retirement home or housing projects for senior citizens is a relatively new segment in the Indian real estate property market and an investment can earn owners handsome returns. It is a growing trend now as more people want to spend their sunset years in homes that amplify their quality of life.

Check Here:-

1. How To Sell Your House Fast in 2019?

2. Which is the Best Place to Buy a Property in Hyderabad in 2019

3. Things You Should Consider Before Buying a Property

4.High Time to Invest in Real Estate at Hitech City

5.10 Things to Consider Before Purchasing Flats and Independent Houses in Hyderabad

Read More
  • By Anupama Meshram |
  • Jan 23,2019

How Will Be Year-2019 For Home Buyers?

How will be 2019 year for Indian Realty market and home buyers? We examined the scenario across various segments in the Indian Real Estate and presenting you with few facts and assertions from top industry leaders.

Positive Developments for Realty Industry

Over the past few years, the Indian real estate sector has witnessed various structural improvements, with regulations and schemes like;

  • Pradhan Mantri Awas Yojana (PMAY) - Affordable housing for everyone
  • 100 % Tax exemption on the profit for developers building affordable houses
  • Implementation of the Real Estate (Regulation and Development) Act, 2016 (RERA)
  • Subsidy schemes for First-time Homebuyers.

These schemes certainly give a push towards India's infrastructural development making it an ideal time to invest in real estate. Taking an early decision to invest, helps in huge savings as price appreciation in the later stage of property projects/ventures is much faster than the initial stage, in any residential or commercial locality.

Urban Area Development

The recent infrastructure development plans of Hyderabad city points out better mobility options for people. The faster completion of metro lines, construction of more highways and other infrastructural developments, are closing the gap between distant places. Such kind of infrastructural developments is facilitating a robust real estate industry prospects not only in Hyderabad but also in other small and bigger cities of India.

With the TRS party continuing with the power in the Telangana state, the property buyers will surely get a good return on investment in the near future as the on-going infrastructural projects will further continue to develop without any obstacle.

Large scope for Mid-Segment Residential Properties

Real estate industry experts are of the view that there exists a large scope for demand in the affordable and mid-priced segment in residential housing projects. This can be concluded from the fact that the second half of the 2018 year has seen a resurgence in the residential property market in all major cities of India including Mumbai and Hyderabad. This surely provides a roadmap for the 2019 year and may incur better conversion rates for developers - building houses and catering primarily to mid-segment property buyers.

The major impetus has been due to:

  • Central government's decision to grant the infrastructure status to 'Affordable Housing' segment
  • Lower GST (Goods and Services Tax) rate on this segment and no GST on Ready-to-move-in apartments.
  • Easy financing options

These steps gave a huge relief to home buyers and enhanced the housing demand in the market in

the year 2018 and further streamline the overall growth in real estate in the 2019 year too!

GST on under-construction properties may reduce in 2019

Presently the ready-to-move-in residential properties for sale are exempted from GST rates while the under-construction properties are levied with 12% GST rate. This has proved to be a major deterrent for home buyers for purchasing any yet-to-be completed properties. The government plans to rationalize the GST rates further and can boost the property sale, helping both developers and end-users with better returns.

The scope of revival in Second Home segment

People are nowadays more exposed to global trends through their travels, nationally and internationally. There is much demand for uniquely designed homes for home buyers with higher income groups.

Industry experts have asserted that people appreciate and value homes - that have unique and aesthetic designs, as it enables them to have a fresh experience. The tourist destinations are also favored locations for second home buyers, as they want to enjoy a peaceful gateway with friends and family, away from their busy urban lives.

With the revival of the economy, there has been a slow and steady increase in demand for the second home segment with better return opportunity for buyers.

Best Time to Hit the Deal

The top real estate investors point out that this is the aptest time to buy a home and home seekers should take advantage of the time.

The home buyers can secure better deals and discounts from developers as most of them are struggling with excess inventory and holding back on launching new projects.

As the demand-supply gap is likely to increase thereby giving an opportunity to investors as well as to developers, a good return on investment. The investors will benefit by appreciation in the capital values or rental income.

The developers have also become aware of home buyers demands and offer semi/fully furnished homes, easy subvention schemes. Also, the easy availability of home loans is some of the best reasons why home buyers should not wait for too long to take a real estate investment in the year 2019.

Check Here:-

1.Best Places for Land/Plot Investment in Hyderabad 2019

2. Things You Should Consider Before Buying a Property

3.Good Time to Invest in Real Estate at Hitech City

4.10 Things to Consider Before Purchasing Flats and Independent Houses in Hyderabad

5.Reasons for Why to Invest in Mokila, Hyderabad? in 2019

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  • By Anupama Meshram |
  • Dec 19,2018

How To Sell Your House Fast In 2019? Proppick.com

Are you planning to put your ‘House for sale’?

Selling a property at your asking price can be a little time consuming and stressful if you did not put all chords in the right way! You have to ensure that - you are setting a Right Price Tag and making an excellent First Impression of your house, in attracting buyers and make them finalize the deal, quickly.

Here we are presenting you with some important 10 tips by which you can ensure a speedy sale deal for your house in less time.

1) Put a Right Price Tag from the Beginning.

New property sellers usually think that they should begin their asking price ‘high’ first and then lower it later if it failed to sell at that value. But this can result in a slower sales process – many times property is sold at a lower price tag. It is observed that the initial 30 days' activity of your house/flat

on the property market is the best activity time for sale. If your house selling price tag is too high, many property buyers and agents will stay away; as they will assume that you are non-serious and will probably be reluctant to negotiate the rate also. 

2) Enhance your Home appeal

Planting flowers, painting the front door, cleaning the garden & balconies, replacing old rusted items like a mailbox, decluttering the house & wardrobes can surely play a significant role in impressing the buyer to ponder on your asking rate.

3) Upgrade the House interior and exterior

New fixtures, replacing broken door knobs, filling up cracks, a makeover of fallen putty, fix broken tiles, applying a thin layer of paint or if you are able to spend a little more bucks to add a value to your house especially on independent house, than make sure to update the landscape of your garden. These affordable ways to upgrade your old house helps a lot to fetch a better deal for your house.

4) Clean-up and depersonalize

The fewer things there are in the house, the bigger it will look. So, try to remove all unimportant things, old showpieces, furniture, broken or cracked items from the house. Likewise bring down family photographs, religious items and posters of politicians from the house. It plays an important role to attract as many buyers to buy your property. Repair and clean up washroom and kitchen hub so that it should not stink.

5) Well Lighted and Ventilated Rooms

If your house is not much lighted or ventilated, then do some arrangements to make it well lighted and airy. You can use corner lamps or mirrors to light up that dark corner of the room. Clean windows, glass panes, replace broken glasses, bulbs, etc. so that the property looks more attractive to buyers.

6) Stage the rooms for what it is meant for.

If you have put the board of ‘3BHK house for sale’, then show the 3rd bedroom as a bedroom even if you are utilizing it as a storeroom, for instance. It devalues your house if it is not staged properly to the prospective buyers.

7) Make the property approachable.

The more adaptable you are about visits, the more buyers will be able to see your home. Be prepared for prospective property buyers at any point of time of the day - they can be in the morning, afternoon, night or on weekends. It is advised, to leave the buyers to inspect your house freely and discuss the property's pros and cons honestly.

8) Ensure your House lists on all major Property portals of the city

It surely plays a great deal in selling your property, if you list it at the best property portals of the city. You can also hire an individual property agent or local property agency to sell your property, but the commission charges of these may be a little higher than online property portals. Online portals use multiple channels - social media, ads, local channels, etc. to promote the property listings, this eventually helps you to sell your house quickly.

9) Put Good Photos of your house on online portals.

Most home buyers begin their inquiry on the web and choose which homes they need to see, based on the photographs you shared with the online portal. So, make sure you put good quality snapshots of your house on it. Your agent can surely help you out in this - what need to be posted to attract buyers.

10) Share information related to your neighborhood

The listing on the portal should not only include photos of your house but include photos of the neighborhood also, e.g. nearby recreational areas, parks, eating joints, shopping malls, medical facilities, schools, etc. The data posted should be a genuine and not exaggerated one. Make sure that you are not only marketing your house but also marketing the lifestyle, which is attractive and saleable at the right price.

Check Here:-

1. Why Invest in Mokila, Hyderabad? in 2019

2.Commercial Real Estate Industry Trends in 2019

3. How will be Year-2019 for Home Buyers?

4. Which is the Best Place to Buy a Property in Hyderabad in 2019

5.Best Places for Plot Investment in Hyderabad 2019

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  • By proppick.com |
  • Nov 01,2018

Which Is The Best Place To Buy A Property In Hyderabad In 2019

Hyderabad’s real estate market has witnessed steady growth. Proppick is the best Real Estate site in Hyderabad is one of the most opaque, unstructured, and unfriendly benefits class for both end users and investors. Be it information inappropriate practices by a current market member, getting into property transactions is tough stressful play often ending in the wrong or sub-optimal decisions. We area focus on customers, rather than the property, and alter the way they research, progress to making the City of Nizams, The best way to buy property in Hyderabad. Hyderabad is one such place that can be ensured that your money would never culvert. best property choices and get support services throughout their ownership journey. Hyderabad has been known for providing quality homes at affordable prices. This has been possible, due to the availability of land at a low cost. We look at the most bright resolutions for home buyers in this city. we grasp that people everywhere are searching for a home to call their own. We want this search as cheerful & finally finding the perfect home because we understand that finding a home is much more than a search. Now, there are entirely a few famed places in Hyderabad where you can set up your dream house.

There are several possible options as far as buying residential properties in Hyderabad is anxious. You will find several affordable apartments in the city to mid-range, premium and luxury projects as well. Property values in Hyderabad usually range between INR 2, 133 and INR 10, 906 per sq. ft. on an average.

The best area in Hyderabad for buying a flat is Gachibowli:

By considering the basic requirement for finalizing the location of our dream house like Social Security, Road connectivity to city, peaceful area, a minor distance for educational institutes, hospitals, parks,& shopping malls, brand outlets and other facilities loom next to these areas. We Offer the best 2bhk flats in gachibowli.

for buying a flat or villa. Gachibowli is an appear investment destination for real estate marketers. The prices are going up over the last few months considering the IT infrastructure & IT hubs.

Many working people are looking to move here because of its real and social infrastructure that assure exceptional rare living standards. All the resources are just a few steps away which is why many are homing in for houses here. Average resale price in Gachibowli is around 5024 per square feet, but people can enjoy higher luxury by paying some premium in projects like NCC Urban Gardenia, prestige high fields and for those looking at more affordable options can consider

Neptune Jubilee 80, Ramky One Kosmos. The cost of residential apartments and builder floor apartments are not too steep in this area which makes comprises in this area a great option. There is good connectivity to various parts of the city including the Airport and several professionals prefer the area due to proximity to their workplaces and rapidly growing social amenities.

Check Here:
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  • By Anupama |
  • Jul 07,2018

Best Places For Land/Plot Investment In Hyderabad 2019

Investments in land property, residential plot or farmlands are considered profitable options for a long-term perspective in India as well as across the world. Keeping this kind of popular interests of the masses, the Indian government has been proposing various policies like Real Estate Regulatory Act (RERA) and Real Estate Investment Trusts (REITs) to bring in favorable changes in real estate sector.

The low priced plots for sale in Hyderabad are mostly preferred options as it allows a greater scope for price appreciation in less time. In India, compared to all other states Telangana has shown remarkable growth in a few years after its separation from Andhra Pradesh. With the government's comprehensive development plans, most of its major cities - Hyderabad, Warangal, Kurnool, etc. are growing rapidly. Among all Hyderabad is the most popular city for its infrastructural developments, connectivity, affordability and availability of vast land.

Realty analyst considers Hyderabad as the best city for real estate property investment. Its residential realty sector is broadly considered as low risk and high return avenues, because of its rapid development in education, job prospects, medical facility, ITes, hospitality, and other businesses.

The different regions of Hyderabad offer various residential spaces at very competitive prices. South Hyderabad region is comparatively considered as the most affordable option to invest in residential property due to the availability of land and is less populated as it is at a farther distance from IT companies. Central and North Hyderabad are populated and are little costlier due to high commercialization and greater business establishment. West Hyderabad is also seeing land price appreciation at a faster rate due to its closeness to IT areas - Madhapur, Gachibowli, Hitec city, etc. Easter Hyderabad      

Here we are presenting some of the best regions of Hyderabad for residential land plots which are worth investing.

Top Areas for Buying Best Land / Plot(s) in Hyderabad

1.    Adibatla

Adibatla lies south of Hyderabad in Ranga Reddy district, Telangana. It is having a huge potential to supply affordable plots and land property to property buyers. Adibatla is touted as the next IT Hub area in Hyderabad and is expected to give high returns on investments in the coming future. It is a part of the IT investment region and the locality already has investments from companies like TCS, Cognizant, Google and TATA Aerospace SEZ. Presently, Adibatla is in the early stages of development. It is having close proximity to the international airport and connectivity to the Hitech city through outer ring road which is expected to attract several investors. Major real estate developers like Aerospace County and others have seen a positive sale of plots in a very short time.

2. Ghatkesar

It is in the eastern part of Hyderabad city and lies on the Hyderabad - Warangal Highway road. It has attracted the attention of many real estate investors in the recent past as it lies on the Yadgirigutta temple's way. The Telangana government has also allocated a huge sum of money for Yadgirigutta's development which will surely be going to help in the development of its vicinity which includes Ghatkesar also. Ghatkesar has any residential and commercial real estate projects running in and around its area, with the most premium land development project from the Pinewood Homes. It is affordable and loaded with all the modern amenities for better living.

3. Kompally

Kompally comes in the northern Hyderabad and is the fastest growing residential suburb of the city. Its neighborhood is also one of the most sought after localities of the town. Umpteen number of real estate projects are available here for property buyers. Luxury residential property builders like Icana Meadows is available here in Kompally at reasonable prices

4. Shankarpally

Shankarpally falls under Shankarpally Mandal of Ranga Reddy district. It lies in the western region of Hyderabad city. Many well-known land developers and builders of India including the House of Hiranandani (Hiranandani Loftline) projects are selling residential properties here at very affordable prices. Vana Bhoomi and Maitri Enclave are the other land developers selling residential plots at very reasonable prices.

5. Shadnagar

Shadnagar, district Ranga Reddy in Telangana, is considered as one of the most affordable areas for plots buy and sale purpose. Residential plots for sale are available in shadnagar from well-known land developers like Lorna Greens at a reasonable cost. Shankarpally is almost 50 kilometers from the center of Hyderabad city and is well connected with a railway station and buses. The presence of the NH7 has helped in better connectivity to other major cities such as Bangalore, Mumbai, and Vijayawada. The high supply of residential plots has attracted several investors across the state to invest in Shadnagar.

These areas have great potential of development and a plot investment in these areas would eventually lead to high returns. For information on such land and plots for sale in Hyderabad call us at +91 – 9885918456.

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  • By Anupama |
  • Jun 26,2018

Things You Should Consider Before Buying A Property

If you are buying or investing in a real estate property be it a residential or commercial, let's Things You Should Consider Before Buying a Property, the foremost factor which comes into your mind is none other than Location.

Yes, it is the topmost parameter that defines a good or average real estate project. The location of a house/shop/ office determines several factors that can have an impact on the growth, happiness, safety, comfort, and financials in the future of your family or business. Investing in the wrong location can be a very expensive mistake. In this article, we are presenting you with some important points that prove the relevance of the location while buying a real estate property.

1) Quality of the Area: - An obvious point of interest is the area in consideration. Check if the area is clean or full of debris, pay attention if the residential property is well maintained or not. Build a good overall view of the property by considering the street location, the neighborhood and the surrounding community.

2) Facilities: - It is important that you have a list in terms of needs, interests, and preferences. Include factors that are important to you, such as travel time, recreational activities, medical facilities, shopping area and other business establishments. Rank these preferences in terms of importance. In this way, you will have a clearer idea of whether a place caters to all or most of your needs.

3) Crime Ridden Neighbourhood: - Nobody wants to live in a dangerous or unsafe community. People want to feel safe in their homes and ready to pay more for this. A safe neighborhood means that people will feel free to walk, stay outdoors and interact with other neighbors, freely.

4) Schools: - Home buyers with children are concerned about the education of their children and often pay more for a house that is in a highly desirable area. They will do the home search based on the location and good school in the area, in particular.

5) Proximity to Public Transport: - Most people do not want to endure long commutes for work, offices or public transport. People prefer to be located near hospitals, medical shops for emergency services and conveniences. So naturally, properties in locations that shorten travel time during these critical times are more preferred.

6) Value of the property: - Consider how popular the area is? Sometimes, its popularity can spread to neighboring localities with an effect of increasing prices and, thus the value of the property increases. On the other hand, areas with low demand, where houses are already at a premium price or areas where prices are stagnating, may result in slow valuation or stagnation in the future.

7) Long-term value: - In spite of your negotiations, you will probably pay the market value for the property you bought. You need to think of ways to add some value. If market conditions change and you need to sell, you must be sure of how to recover your investment.

8) Economic benefits: - Understand the prevailing and future economic conditions, whether it is growing stable or stagnant. Look for a healthy mix of commercial, residential and prospering business areas. Such properties provide employment and attract residents, also adds to an increase in the tax base that can be used for improvements in the community.

9) Eco-Friendly: - Check the community environment, to make sure that you avoid living near factories, traffic congested roads, and contaminated water bodies. Check neighborhoods that perform activities such as tree plantation and periodic clean-up operations.

Concluding Words

An important key to selling a real estate property is to buy in a desirable location. If the location is not desirable, then the sale of a property becomes almost impossible. The desirable qualities will always increase the value, assuming that no major and undesirable change has the opposite effect. The smart property shopper will also look for information on the developments planned in the area to capitalize on the future. Proppick is one of the best real estate portal in Hyderabad provides the best real estate properties near to your location.

Check Here:-

1.10 Things to Consider Before Purchasing Flats and Independent Houses in Hyderabad

2.Best Places for Real estate Land Investment in Hyderabad 2019

3. Which is the Best Place to Buy a Property in Hyderabad in 2019

4.High Time to Invest in Real Estate at Hitech City

5.Why Gated Community Are Most Favored Choice for Living

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  • By Anupama Meshram |
  • Jun 14,2018

High Time To Invest In Real Estate At Hitech City

It is no doubt that Hyderabad's booming IT sector is giving a tough competition to other IT cities like Bangalore, Delhi, Pune and Mumbai. Hyderabad aims to be crowned India's New IT Capital, with its HITECH City as an important industrial IT hub. The ‘Hyderabad Information and Engineering Consultancy’ city is abbreviated as HITECH city and is located 15 km from the centre of Hyderabad.

The ever-growing campuses of Information Technology, Health Informatics, Engineering and Bioinformatics, are located in the HITECH city. The ample employment opportunities, great connectivity and easy accessibility make this area more prominent. The leading builders such as Larsen & Toubro Limited, Ramky Constructions, Prestige Group, Lodha Group, Salapuriya Developers, Mahindra Lifespaces Developers and DSR Infrastructures Pvt. Ltd all are investing aggressively in the HITECH City.

As the suburb is located in the Cyberabad development area of Hyderabad, it is now a division of the Hyderabad Metropolitan Region.

Growth Propellers

The major factors contributing to the fast growth of real estate in HITECH city are:

1)    Better Connectivity & Transportation Facilities

This industrial hotspot has great connectivity with roads and railways. It is connected via Ring Road, and the Gachibowli Flyover is just 10 minutes away from this area. Availability of TSRTC and private buses at regular intervals is connecting it to different parts of the city and saving commuters time significantly.

The HITECH City MMTS is the nearest train station to this suburb, and the Sanathnagar train station is 6 km from this area. The Rajiv Gandhi International Airport is reachable within one hour from the city of Hitech.

The suburb is located near to the financial capital Gachibowli and other areas like Madhapur, Manikonda and Kondapur, are also close to it.

2)    Development of Educational & IT Corridor

Top educational institutions such as Indian Business School, IIIT - Hyderabad, Abor International School, Sanskriti and many other schools are located in the vicinity of HITECH City. The other basic utilities, such as banks, supermarkets, hospitals and restaurants are easily accessible from this area.

The suburb also houses some major companies such as IBM, Google, Microsoft, Toshiba, Facebook, Wipro, TCS, Oracle and much more.

3)    Rise of Residential Real Estate

The real estate market is flourishing in HITECH City due to the influx of a large number of IT professionals in the city. Many residential projects are being developed in the suburb, adapting to the needs of the people.

People in this area prefer to reside in flats, gated community apartments due to its affordability as compared to independent houses which are astronomically costly. Thus, several 2, 3 and 4 BHK apartment projects are launched at reasonable prices. You can easily find affordable to premium luxury residential real estate projects in HITECH city and its surrounding area.

4)    Metro Project

The next metro project is the main growth factor in this area. This will further increase the connectivity in the city. Real estate prices will rise and investors can get a high valuation in HITECH City after the completion of the project. In Conclusion:

The Hyderabad real estate property market is showing tremendous potential for growth in recent years, with residential and commercial activities occurring at an excellent rate. The city’s real estate market is performing superbly well on its comeback trail after last year’s new real estate regulations. Its commercial rental space is beating all other cities in this real estate segment. Hence, HITECH City can be considered to be the right choice to invest at this time whether residential or commercial, as the infrastructure is growing and the prices too!

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4.Reasons for Why to Invest in Mokila, Hyderabad? in 2019

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  • By Anupama |
  • Apr 25,2018

10 Things To Consider Before Purchasing Flats And Independent Houses In Hyderabad

Owning a house brings a sense of pride and freedom, to an individual and its family. One puts a lot of his hard earned money, time and energy to buy a home. We all know an age-old English proverb, "Precaution is better than cure", which can be applied while buying an immovable property. Whether you are considering to buy a home - flat or independent house in Hyderabad for the first time or second time, you have to be extra cautious and make all necessary verification of documents, property specifications and other criteria related to neighborhood, bank loan facility, connectivity, drainage, water supply, etc.

Below, we have mentioned a list with some of the factors to be considered before buying a flat or independent house in Hyderabad city.

1. Title Deed: Its a document outlining the chain of ownership on a property. It is important that you check the title deed and confirm whether the seller of the property - flat or independent house, has the right, title, and absolute capacity to sell it.

2. Land Use Verification: Verify the land use area as per the city's master plan for the plot. This plan is available in all the city's local body offices.

3. Release Certificate: If you are buying a resale property, you will have to get a Release certificate from the bank, which signifies that the loan on the property has been repaid.

4. Encumbrance Certificate: This certificate proves that the land is free from all legal dues.

5. Local Body Approvals: It ensures that the entire layout has been approved by the development corporation and the local authorities of the Hyderabad city.

6. Property Tax Receipt: Tax paid receipts are important and should be verified as the tax collected is based on the extent and build up area of the property. Also, check for any pending bills as non-payment of it, authorizes the governing bodies to impose a penalty on the property.

7. Bank Finance for the project: Find out the banks that are ready to fund the project and loan at the lowest rate.

8. Size of the Flat or Independent House: Check out the carpet area of the flat or independent house that you wish to buy. Builders usually provide super built-up area details to you which can be almost 30% more than the carpet area. It is advisable to understand your requirement and then search for the right size property. Reliable property portals like proppick.com are the best real estate portal in Hyderabad provide you with detailed information of the flat or independent house very clearly.

9. Infrastructure plans: If you are buying a flat in an apartment or house in a gated community, check out the amenities or facilities they are providing to you. The drainage system, water, and power supply system are the basic requirements and should be checked before finalizing any property, as they can become a big headache after possession to get resolved by the new owner.

10. Check the site: It is possible that the actual layout may be different from the reality as shown in the brochure. Therefore, it is recommended to do a thorough site visit before booking any property. Interact with neighbors to check any legal disputes related to the property, connectivity to other locations, transport facility, etc. You can check out genuine properties from Proppick which provides you all property info, quickly and accurately.

Buying a flat or independent house in Hyderabad is a huge financial decision, so ensure that to do it properly. Self-help is the best help and one must do due diligence before buying any kind of property.

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  • By Anupama |
  • Apr 02,2018

Why Gated Community Are Most Favored Choice For Living

A Gated community is a well planned residential housing property, with a controlled and protected environment. It resembles a small township and nowadays owning a house in a gated community is becoming extremely popular among millennials. The demand and sale of gated community villas, independent houses, flats, apartments and plots has increased considerably in all Tier I and II cities. Gauging this demand, the multiple builders and land developers have begun constructing Gated Community for sale in these cities.

The current home buyers are preferring to opt for residential properties in gated communities rather than conventional property options. The most essential point of difference between them is the level of security feature offered by the gated community projects. The secured control at entrance points for visitors & vehicles, monitoring people at exit points, closed perimeter of walls and fencing, gives a higher level of security and privacy to the inhabitants which are usually small or nuclear families.

Here, we are presenting you with a few reasons on why the gated community is increasingly becoming the most favored choice for home-buyers.

  • The foremost factor which comes to home buyer’s mind is the safety and security of the family. With round the clock security service, surveillance cameras installed in the premises, biometric entries, etc. gives a sense of safety or their families that may have aged parents and children. This helps in building a stress-free environment for the property owner not only for their life & property but also the security personnel or agency can be held accountable for any security breach.
  • With a restricted entry into such localities, there is lesser traffic, noise and air pollution inside the gated communities.
  • The residents of the gated community can feel a sense of exclusivity as these are well planned, loaded with modern amenities, gardens, gymnasium, swimming pool, and aesthetically appealing environment to lead a lifestyle that one aspires for.
  • Basic amenities like water supply, drainage system, power supply, and property maintenance are provided by the real estate developer in a well-planned way to the property buyers. This reduces many hassles and stress related to putting all these things in order by an individual.
  • Residents share the manual workload as well as the cost of maintaining a host of amenities like gym, swimming pool, play areas, community halls, etc. Also, at the time of an emergency, the load of work is shared by community residents equally.
  • There is easy access to essentials like grocery stores, ATMs, pharmacies, salons,  etc. within the community, this reduces a lot of hassles for daily needs items to busy people.
  • Living in such spaces fosters a great sense of community among the residents. Celebrating festivals, parties, gatherings, etc. help all age group people to interact, share and build strong relationships with each other.

Conclusion

Along with the above-mentioned points, there are many benefits of living in a gated community. The availability of homes in such gated communities at affordable as well as in the luxury price segment is making consumers Gated communities homes as the most favored choice for them. Also, these properties bring great value on return to the home-buyer. If you are looking for a home that offers a holistic lifestyle, then just log on to proppick.com to explore more options on gated communities projects. Proppick is the best real estate property portal in Hyderabad provides best projects in the gated community

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  • By Anupama Meshram |
  • Mar 19,2018

Top 10 Projects In Hyderabad: Realty Guide

Home-buyers looking for premium homes can check out these Top 10 Real Estate Projects In Hyderabad.

1.Mahindra Ashvita

Mahindra Ashvita is developed by Mahindra Lifespace Pvt Ltd. is located at Kukatpally, near Hi-Tech city, Hyderabad. The residential project is offering 2, 3, 4 BHK flats with premium amenities in a sprawling 9 acres land. The floorspaces for flats range from 885 sq.ft. to 1500 sq.ft.and with facilities like Table Tennis court, Children Play area, Jogging Track, garden, etc. The ready to occupy flats are spaciously designed with contemporary architectural trends. Mahindra Lifespaces is India's first Green Home Develo­pers and transforming urban landscapes by creating sustainable communities.

2.Galaxy Apartment

Galaxy Apartment is developed by Greenmark Developers, located in Kondapur, Hyderabad. The magnificent project is built on 6 acres of land and offers 2 and 3 BHK apartments of sizes ranging from 1085 sq.ft. to 2350 sq.ft. It has world-class amenities like Amphitheatre, Designer landscaping, Solar fencing, centralized Gas supply, sewage treatment plants, Rainwater harvesting, along with other regular amenities. The architectural design is also unique to find in Hyderabad's realty market, which is Seismic resistant design and no common walls between two flats. The IGBC Pre-Certified and The Galaxy Apartment is the best place to invest and live in Hyderabad.

3.Incor One City

Incor One City is developed by Incor Infrastructure Builders, located in Kukatpally, Hyderabad. It is developed by the makers of the award-winning project, PBEL City. The integrated residential township is built on 11.45 acres of land and offers 2 and 3 BHK apartments with size ranging from 1208 sq.ft. to 1931 sq.ft. It is a perfect place to live in luxury, aesthetics and uber city lifestyle. The project offers a fully equipped clubhouse, gymnasium, jogging track, Children playground, Saloon, library and many more.

4.The Botanika

The Botanika is developed by Koncept Ambience Group Pvt. Ltd. located next to the Botanical Garden in Gachibowli, Hyderabad. A  beautifully carved project is the best place to experience the opulent living in spacious areas' with world class amenities. The residential project offers 4BHK flats with a floorplan of 4132 sq.ft. to 4829 sq.ft. with amenities like Yoga Hall, Aerobics Hall, Swimming pool, Gymnasium, Basket Ball Court, Indoor games, Conference room and many more. The exclusive premium home project is built-up in 7.5 acres for integrated lifestyle communities with rich and contemporary design and decor.

5.Magnus

Magnus is developed by Salapuria Sattva located in Jubilee Hills, Hyderabad. The meticulously planned residential project is built-up on 5.4 acres of prime land near Jubilee Hills. The smartly planned project offers 2, 3, 4 BHK apartments in 3 residential towers, with floor-plan of 1220 sq.ft. to 2965 sq.ft. The project includes ultra-modern amenities like Squash court, Library, Gymnasium, Swimming pool, Aerobic hall, Kids Play area, Cafeteria, Medical stores and much more. The project is built near to Hyderabad's Heritage landmark - The Golconda Fort, which gives a spectacular view from the balconies.

6.Ramky One Marvel

Ramky One Marvel is developed by the Ramky Group located in Kukatpally, Hyderabad. The residential project is built with state-of-art architectural design. The quality construction is 100% Vastu compliant, offers 2 and 3 BHK apartments from 1125 sq.ft. to 1620 sq.ft. areas. The residential project is built on 5.6 acres of land and it includes amenities such as Children play area, Yoga Hall, Gymnasium with 24/7 security. Modern engineering excellence and efficient management helped in providing affordable housing with premium facilities to consumers.

7.Rajapushpa Atria

Rajapushpa Atria is developed by Pajapushpa Properties, located in Kokapet, near to Gachibowli, Hyderabad. The premium high-rise residential gated community is spread across 14.3 acres of land and follows a 75% open space model. The project offers 2, 3, 4 BHK apartments with a floorplan area ranging from 1350 sq.ft. to 3725 sq.ft. The project is built in a strategic location near to the Financial District and is surrounded by top MNC's, shopping malls, and schools. The project is built with world-class amenities to live a luxurious life and offers the best real estate investment platform for the Hyderabad’s home buyers.

8.Lanco Hills

Lanco Hills is developed by Lanco, located in Manikonda, Hyderabad. The project presents premium living space, spacious interiors, exotic designs and fully equipped with the latest amenities. Lanco Hills is built on sprawling 30 acres of land and offers an urban hitech lifestyle with absolute freedom of space. The project offers 3 and 4 BHK apartments with a floorplan area ranging from 2081sq.ft. to 2795 sq.ft. The meticulously planned project has state-of-art amenities for all age group people. It can be considered as an ideal destination for investment as well as for the living.

9.Niharika Interlake

Niharika Interlake is developed by Niharika Projects, located at Manikonda, Hyderabad. The residential project offers 3 and 4 BHK apartments from 1600 sq.ft. to 3000 sq.ft. area. The premium housing project hosts best amenities like swimming pool, sports facility, outdoor games, open green gardens, and club-house. It also has an eco-friendly sewage treatment plant following a sustainable model.

10.Green Grace

Green Grace developed by S&S Green Projects, located in Gachibowli, Hyderabad. The project is spread on a total area of 5.38 acres and offers 3BHK apartments from 2300 sq.ft. to 3050 sq.ft. area. The project offers luxurious living standards with the best construction quality at affordable prices. The exclusive residential project has all amenities and modern contemporary architectural construction with an emphasis on the best utilization of space.

All the above projects are strategically located and properties carry high price return value. For more information on premium projects in Hyderabad, contact us at 8688500500 now!

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  • By Anupama Meshram |
  • Mar 12,2018

Sustainable Living: Highlights Of The Green Building Boom

The growth in our country's population, rapid development and urbanization are making our communities and cities to use more resources than ever before. This means more waste, less availability of fresh water and an increase in the amount of greenhouse gas emissions.

Buildings, in particular, account for a substantial share of energy use, resource consumption and emissions around the world. According to the reports of UNEP Buildings and Climate Change, buildings are responsible for more than 40% of the global energy use and one-third of global greenhouse gas emissions.

In developed countries, for instance, the United States, buildings account for almost 40% of national CO2 emissions and the rest consumption is by the industrial and transportation sectors. Therefore, the construction sector (residential & commercial) has the greatest potential to significantly reduce the depletion of natural resources.

Green is Profitable

As the demand for more sustainable building options increases, thanks to growing global environmental awareness, the green construction is becoming increasingly profitable and desirable in the international marketplace. According to a Smart Market Report 2016 released by Dodge Data and Analytics World Green Building Trends, the global green building sector continues to double every three years, with emerging economies - such as China, India and Brazil leading the way.

This survey of respondents from 70 countries reported that 60% of their projects will be green by the year 2018. The study reports that, globally the green building industry market is of about a trillion dollars and is expected to reach about US 234 billion dollars in 2018.

The Green Building Economic Impact Study 2015 Report, revealed that the green construction market is expected to continue to grow in the coming years due to sustained investment in green technologies. The manageable inflation rates, higher government infrastructure spending, reduced long-term interest rates and the steady profitable market for green construction and resale value, are some of the factors supporting its growth.

Higher Returns

In addition to the growing market demand for sustainable development, also green buildings enjoy  with better returns for lifetime. They offer an incredibly higher return on investment as it costs less in operating it, increased efficiency, higher resale value, enjoy faster lease rates and reduced risk compared to typical buildings.

The initial investment in green construction makes the properties more valuable with an average increase of 4%. Low maintenance and energy costs helps in rapid generation of return on investment.

The daily maintenance costs incurred on green buildings are also lower as compared to conventional structures. They use natural resources efficiently, which reduces utility bills and their impact on the environment. Standard building practices, waste millions of tons of material per year, while green buildings use fewer resources and minimize waste.

The LEED association provides a framework for creating healthy, cost-effective and highly efficient green buildings. Globally, there were about ninety thousand projects registered and certified in the LEED, valuing almost equal to 19.4 billion sq.ft of building space areas, till 2017 October, by 167 countries across the globe. Every day LEED certifies about 2.2 million square feet of space, globally.

The green building maintenance costs is almost 20% lower than typical commercial structures. These  projects have reduced operating costs by almost 10% in just one year. LEED projects have diverted more than 80 million tons of waste from landfills so far and are expected to divert 540 million ton by the year 2030.

India’s Report-card

According to the Dodge Data and Analytics Report 2, emerging economies like India will be engines of green growth, with development varying from two-fold to six-fold over current green building levels.

India ranks third among the countries with LEED-certified green buildings. Till October 2017, there were about more than 2,500 LEED  certified and registered projects, accounting to more than 1 billion sq. ft. of a built-up space area in India. Almost 650 projects earned LEED certification in India, till the end of the year 2016 and with 70% of the buildings needed in India by 2030, LEED has a long way to go.

Proppick.com lists many green certified residential and commercial buildings, for more information please contact us today.

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  • By Anupama |
  • Feb 20,2018

Budget 2018 Real Estate Expectations(Gaine&Loss): Insight

The union budget 2018-19 evoked a mixed reaction from the real estate sector. It predominantly focused on the revitalizing the rural economy, agriculture, health and infrastructure sectors while the real estate did not receive much, as was expected from the budget. It received some gains while some expectations were not met.

As, after some pathbreaking reforms in 2017, the real estate sector was hoping for a revival, but felt dejected with a lack of emphasis on mainstream real estate sector reforms and demands.

Let's look at the gain and loss aspects of the budget for real estate sector

Gain: Push to asset classes

In Budget 2018, benefits for education sectors & health-care centres, such as ? 1 lakh crore for research, 1.5 lakh health-care centres, 24 new medical colleges and increased allocation for data centres, etc. were announced.

As the market is recovering at a fairly slow pace, analysts observe that investors will seek to place their money in alternative areas such as student housing, hospitality and senior living instead of investing abroad. Although it is a known fact that high income earning  Indians, prefer to buy houses in the United Kingdom (London) and in the United Arab Emirates (Dubai), where affordability levels are currently better than India.

Experts view that with this new announcement, investing in Indian asset classes will offer better returns.

Loss: Infrastructure Status

Last year, the industry faced - the demonetization, the RERA and the GST. The logistics and affordable housing sectors received the label 'infrastructure' tag recently in the budget, but the real estate sector is yet to receive it.  As any sector receiving 'infrastructure' status, directly helps the industry to get back on track (after reforms).

Experts expressed that, if it had been given to the real estate sector, it would have encouraged private players considerably to invest in real estate projects as there is a rise in demand and scope of earning profits from it. Also, there would be increased real estate activity, not only in metropolises and larger cities but also in Tier II / Tier III cities. It would have been a major structural reform that could have boosted GDP, increased employment opportunities, reduced the cost of home development and purchase, significantly.

Gain: Empowerment of Urban Bodies

Municipalities will be able to take care of their finances, thanks to the government taking steps, to create smart cities, ensuring better infrastructure facilities and initiatives like Swachh Bharat Abhiyan.

Taking the cognisance of the growing municipal bond market, the Budget announced - 142 cities are classified as 'investment grade'. This will help in strengthening the financial stability of the cities.  Experts say that by giving this, ease of living infrastructure programs of the government would seek the participation of private companies and relaxation in the investment grade to BBB-rated bonds will help more companies to borrow at cheaper rates.

Loss: Exemption for REIT

An important reform of the sector, the Real Estate Investment Trust (REIT), did not win this time. Levying stamp duty at the time of an asset transfer remains to be one of the key issues to be resolved. As per the present regulations, a real estate entity has to transfer the asset, which is part of the offering to REIT, before the opening of the issue for public subscription.

Therefore, entities will have to pay the stamp duty and obtain capital gains during the transfer of ownership, which affects the financial feasibility of retail investors. Therefore, the removal of stamp duty while transferring the land, is required urgently. This would make REITs a much more practical investment instrument and would encourage developers further.

Gain: Focus on 'Affordability'

The analysts believe that the incentives granted to the affordable housing segment have enough potential to revive the country's overall realty sector. Last year was a great year for the segment and recently announced Affordable Housing Fund strengthens it.

A significant GST reduction from 12% to 8% was given to realty sector and the government's recent announcement to build 51 lakh houses in rural areas and 37 lakh urban houses in 2018-19 is an additional boost. "The dedicated Fund will be created within the framework of the National Housing Bank (NHB) and the government assuming possession of the NHB from RBI is a welcome move", says Jaxay Shah, president of CREDAI National. Other possible avenues for the sector include the creation of industrial corridors dedicated to the defense manufacturing, incentives for the creation of agro-processing and agri-export promotion zones, etc.

Loss: Single Window Clearance

Currently, the major issue affecting the builders and developers is the lack of a single window clearance system, which is not addressed in the recent budget in 2018. Commercial and residential projects suffer delays and increased costs due to a large number of approvals required from the municipality and other authorities, including environmental, fire and water departments.

Experts state that with the implementation of RERA, a digital technology enabled single window system is needed more than ever. Despite the introduction of several realty-centric policies by the government, a functional single window approval mechanism system is much-needed demand at present. This move will help in reducing costs that will further result in faster delivery of homes and improving builders' credibility.

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  • By Anupama Meshram |
  • Feb 13,2018

Real Estate Trends Which Will Rule Indian Real Estate In 2018

Many things happened in 2017 in the Indian real estate segment and almost overhauled the system. The market took time to stabilize and understand its nitty-gritty. It is anticipated that the year 2018 could bring cheer to both buyers and sellers, as last years policy changes and government of India's thrust towards Affordable housing, forced developers to change their traditional way of working and respect the consumer demands in time.

We are discussing some of the major trends which can be seen in the year 2018 and have the power to shape the Indian real estate market for the better.

1)     Enhanced International Reputation

As the capital flow from global markets in the Indian real estate is slowy increasing, more NRI's are finding country's real estate market as reliable one. As per the World Investment Report 2016-17, presented by the United Nations Conference for Trade and Development, has ranked India at fourth for FDI inflows. This surge has been due to improvement in the real estate regulatory framework at ground level, resulting in building an attractive investment destination for both Indian and global investors. The private equity is performing well with $ 32 million investment, last year.

2)     Change in Business Models by Developers

Now the developers are renewing their old business models. In early 2016, the developers launched many projects and there was no guarantee of completion of these projects. Now, through the RERA act, a deadline is given for these projects to be completed. It forces the developers to improve their business model. To avoid any penalty, the developers will have to bring greater transparency, as well as accountability in their system, to increase consumer confidence in them. In addition, the Goods and Service Tax (GST), as well as the Benami Transaction (Prohibition) Act 2016, will have a greater impact on how developers run their businesses. The developers must bring changes in the business models to sustain in the market.

REITs will also have a significant and long-term impact on developers, with the choice of either "corporatizing" or risking “take over”, by their larger counterparts. Corporate developers such as Tata, Mahindra, Godrej, etc. will acquire more projects enabling transparent and better housing projects.

3)     Rise of Hybrid Culture (Co-working Space)

More from India Inc. moving to "hybrid" spaces are causing a rise in the co-working / shared culture. In all metro cities, it facilitates the corporate culture and fully furnished work space to start-up companies and entrepreneurs with flexible working options at affordable prices. Companies with limited space requirements are renting their office space, which is giving rise to the "hybrid" space. This would help motivate employees, increasing productivity and cost-effectiveness to their income.

4)     Affordable Housing

The affordable housing segment will impact on the housing sector. According to the government's plans, by 2019 more than one crore houses will be built in rural India, with support from cheaper sources of finance. The external commercial borrowings and the refinancing of housing loans by the National Housing Banks would help in the growth of the sector. The home buyers have been given the option for affordable housing, where the carpet area has been changed from 30 sq. m. to 60 sq. meters from the saleable area. It is expected that the land prices would fall in the coming few years, as there is limited availability of a high-value currency due to demonetization.

5)     Industry Consolidation

There is an increase in real estate consolidations in all parts of India, due to the increase of developers, projects and lack of potential customers. This is paving way for the merger of different developers into one project. Joint developments and joint ventures will give more meaning to the real estate sector. This will lead to mergers between small and large developers, new struggling developers with strong players, also land-owners with new builders. This will attract more investors as the price earning ratio will improve for this sector.

6)     Tranformation of office Sector

Transformation of the Office Sector, as the REIT will be listed, builders will easily obtain funds to make buildings. The office sector would obtain financing from private equity funds. This will attract small investors, with a minimum risk appetite. They will know that the money they are investing in, is something that is concrete and will not lose its value. Investors would also know that their money is in safe hands.

Conclusion

With the growing trends in the real estate sector, people are now moving to small-scale investment. For Indians real estate investment, even on a very small scale, still remains a tried and tested means to build the wealth and cash flow for an individual.

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  • By Anupama Meshram |
  • Jan 29,2018

Driving Forces Of Hyderabad Jobs, Infrastructure, Optimism, NRIs, Govt Initiatives

Hyderabad, the second largest urban agglomeration in the country, which had been rated best in terms of ‘Quality of Living’ by Mercer this year, is emerging as a prime hub for real estate attracting investors into all the asset classes- office, residential and retail. As India’s major IT/ITeS hub and a prime industrial corridor in the south, the city’s realty sector is growing at a healthy pace, driven by optimism.

Telangana Govt Policies

Hyderabad city is fast emerging as south India’s biggest realty hotspot. Political stability, State government’s proactive policies, growing occupier demand, improved infrastructure, quality educational institutions and the availability of a large talent pool have helped bring back attention to the city’s realty market are the factors behind phenomenal growth of Hyderabad

Telangana Government has initiated several reforms to build capacities in major cities of the State and attract investments into key sectors. This has reflected in the growth of realty sub-segments in the recent years.

Hyderabad Infrastructure Scenario

Hyderabad witnessed significant infrastructure developments including the Hyderabad metro, multi-level flyovers, electronic manufacturing clusters and an integrated pharma city over the past two years. The government policies, reforms and developments are aimed at attracting more investments into the city which augurs well for city’s prospects.

There is an abundant growth opportunity in office space.The global organisations continue to driving office growth. Other sectors such as pharma, financial services, data centers, logistics and manufacturing sectors are also adding up to office demand and are expected to continue for some time.

Rise of Retail Spaces

Apart from a robust commercial and industrial growth, Hyderabad is witnessing growth in retail space, with estimates that the organised retail stock to touch 10 million sq ft by 2019 from 4 million sq ft at present. The segment witnessed merely 11 percent CAGR during 2011-16.

Affordable Living Spaces

Telangana which had been ranked No. 1 in Human Development Index has witnessed its capital recognized as one of the most affordable residential markets for residential buyers especially in the premium/luxury and high end/mid-end segments when compared to Bengaluru and Chennai.

Also, residential prices have not gone up much in Hyderabad and it remains an attractive destination for investors. Low-cost residential apartments are still available, which presents a competitive edge to the city.

It commands lowest rentals across top city markets in the south and witnessing a 108 % year-on-year growth in office demand in 2016 at 6 million sq ft from less than 3 million sq ft in 2015. The city saw 4.5 million sq ft leasing till the third quarter of 2017, which is estimated to touch 7-7.5 million sq ft by the end of this month.

Favourite of NRIs

Experts report that NRIs who were earlier thinking of investing in state of AndhraPradesh are now showing interests Hyderabad, as a better investment option. There is a surge in demand from them in the last six months and this trend will continue in future also.

Demand for Office Spaces

As per the top real estate consulting agency of India - Colliers International India, the Hyderabad city's office market has witnessed a gross absorption of 3.32  million sq ft (year-to-date September 2017), driven by the expansion of large scale technology companies in the year. It is expected that the city is witnessing the upcoming  construction of about 25 million sq ft of office spaces which is likely to increase the total office spaces in the city to about 45% by 2020.

Dynamic Jobs Sector                                  

In spite of concerns of job losses in IT sector, Hyderabad is expected to emerge as a promising city for job seekers over the next six months. A strong presence of IT companies, proactive steps by the government in placing the city as an attractive destination for big companies across sectors and robust infrastructure are leading to new jobs creation.

Jobs in middle level are definitely a  challenge. But at entry level and for those who have expertise in at least one skill set, the job market is positive. As the expansion being done by existing companies of the city which proves that new jobs are being created and is expected that placement season will be good in 2018.

Availability of talented people, infrastructure, favorable social and governance factors are making Hyderabad a target destination for most companies. Already internationally reputed companies like  Microsoft, Deloitte, Google, Amazon are present in the city and also the scene is buzzing. This ensures that the city will witness 10% - 15% jobs growth in 2018.  While there might not be much increase in jobs in IT industry, sectors like e-commerce, logistics, finance,  fintech, retail will create new jobs in considerable number.

Conclusion

The real estate sentiment in Hyderabad is optimistic as growth returns across all verticals. With the government taking several reforms and measures to attract investments, improve ease of doing business and power supply, investors are looking at the city, for their foray or expansion.

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  • By Anupama Meshram |
  • Jan 18,2018

Looking For Commercial Property Investment In Hyderabad – 9 Simple Rules To Follow

Real estate has always been the most favoured places of investment for Indians, from long times. The real estate property investment is considered to be the best long-term investment; it can be a piece of land, plot, flat, agricultural land or a commercial space.

Economy & Commercial Space Trends

With the rise of IT and ITeS sector in India, leasing of commercial property had shown a steady rise in all Tier-I and Tier-II cities of India from last one decade. It has shown a strong resilience and remained positive in 2017 despite a series of policy reforms in the real estate sector.

After the impact of Brexit on businesses in Europe and radical policy changes by Trump administration in the US, directly affected the absorption of commercial spaces all around the world.

Despite of these challenges, Cushman & Wakefield reports have shown that in the year 2017, India's the commercial space net absorption has been more than 30.6 million sq ft and with almost 50 deals has been for above 1,00,000 sq ft each. This shows that India's commercial real estate property market is much healthier and currently there is much scope for growth and expansion. 

The companies which leased large office spaces in the last year included TCS, Alibaba, Amazon, Microsoft, Accenture, Deloitte, Google, Atos Origin and many more.

Normally, we consider investing in residential property a bit easier than commercial real estate property, which may not be true.

9 Simple Rules to Consider Before Investment

If you are looking for long-term investment in a commercial property segment of the real estate market, then check out these simple rules before buying it.

1. Location of the Commercial Property

Commercial Properties provide returns through two avenues i.e. Rent and Capital Appreciation. Both these factors are heavily dependent on the location of a commercial property. The trick is to always invest in that location areas’ where the jobs are more stable or vacancy rate is less than 5%. This helps in steady rent and capital appreciation.

2. Quality Matters

Commercial properties with better quality, infrastructure and facilities always attract better rent returns and premium tenants. This will ultimately assist in better tenant retention, higher capital appreciation and rent returns. Multinational tenants don't mind paying a few bucks more for a better quality building. Commercial building certified with LEED Gold or Platinum ratings or with a better structural design for commercial spaces, fetch better returns and can be sold faster.

3. Demand Vs Supply

One must analyze the demand and supply market of commercial properties in the market before committing to buying it. Each city has a different kind of micro-market, which has a specific amount of office spaces - some are completed, leased or upcoming (supply). A high supply affects the rent cost of both old and new buildings.

4. Judge Actual Rent in Market

One should research on the actual rent prices being charged in the market and how much are they practical to be paid by the tenant in a long time. It is safe to invest in properties with lower price tags than to buy an over rented asset.

5. Quality of Tenant

A good tenant can make a lot of difference in bringing value to your commercial property. As good tenants pay their rents on time, stay longer, pay higher deposits and increase the value of property in the long run. Try to opt for blue-chip multinational companies, registered companies and avoid smaller unknown companies.

6. Better Interiors

Commercial buildings with better flooring, electric fittings, ceiling, air conditioning,  interior cabins, conference rooms, washrooms, lobbies, elevators, lifts and parking facility, etc. fetch premium tenants with better returns to investors.

7. Lease Policy

Commercial properties are generally leased for 9 years or 15 years. In case of 9 years, the lease can be escalated, every 3 years or 5 years in case of 15 years lease. There is also a provision called lock-in period (for 3 or 5 years) during which the tenant cannot vacate the property. These factors need to be analyzed before investment. Longer the lock-in period, it brings better returns to the investor.

8. Security deposit

Security deposits in commercial properties can vary from 10 to 12 months' rent. Tenants looking for lesser security deposit options means that they have cash crunch issues and may not be regular in paying rents on time.

9. Diversified Investment

Diversified investment of your savings reduces the risk factor associated with commercial real estate property investment. If in case tenant vacates, the rents will stop while the maintenance payments, property taxes, etc. will have to be paid on time by the property owner. Therefore, it is considered wise to invest in multiple properties (diversified) - residential as well as commercial properties which ultimately reduces the risk associated with it.

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  • By Anupama |
  • Jan 04,2018

Hyderabad A New Face Of India's Growth Story

The past year has been the most eventful year for the state of Telangana and especially to Hyderabad. It has been in national and international news in every arena, be it sports, business, entertainment, literature, hospitality, ease of businesses, governance or real estate sector. The major credit for all these undoubtedly goes to the Telangana Government, whose long-term measures for economic sustainability and infrastructure growth has helped the state in redefining its identity as a vibrant and prosperous state.

The major contributors to the fast-paced development of the Telangana state and along with its cities - Hyderabad, Warangal, Karimnagar, Nizampet, etc. are discussed below.

Favourite Destination for Businesses

The 2016 World Bank's "ease of doing business" ranking. In 2016-2017, Telangana recorded a 10.1% growth in the Gross State Domestic Product (GSDP), which is almost double the GDP growth of India, also the per capita income (PCI) grew by 12.6%. These achievements can be attributed to the Telangana government that has focused on strategic development initiatives to accelerate economic growth.

Real Estate back on Investment Radar

About 13% of Telangana's GSDP is contributed by the real estate and construction sector as a whole. Hyderabad has seen strong real estate growth in the last three years and Credai has praised the policies of the Telangana government for their efforts in this sector. Due to clear political support, large companies have entered the city and investors have already begun to exploit investment opportunities. The land costs in Hyderabad's prime locations have revived. Commercial office rentals increased by 23% in last three years and absorption of office space was almost 6.5 million square feet in 2016. The vacancy rate went down to 5-7% in the main IT companies. The capital values of residential properties increased by 8-10% in the last three years and residential launches increased 30% since 2014. Also during the demonetization, the implementation of the GST and the introduction of RERA, Hyderabad saw an increase of 6-10. % in residential sales in contrast to other parts of the country.

Hyderabad is a Progressive city

Hyderabad has emerged as one of the progressive and high-value city globally as it is being ranked fifth among the 150 cities in JLL's City Momentum Index report. The index records and tracks the short-term socio-economic and real estate momentum of a city, in combination with the measures of whether that city has more strong long-term foundations and plans for success. Increased investment in infrastructure, the creation of highly skilled jobs and high levels of FDI are characteristics that define Hyderabad, according to the report. The development approach provided a boost to the development of Hyderabad that already had an established business environment. Google, Apple, Uber, Amazon and Ikea are some of the big companies that have invested in the city in recent years.

Positive Investors Approach

Investors are keeping a positive approach towards Hyderabad with many big brands such as Blackstone, Brookfield and Acendas have already invested in the city and many others plan to invest. This is because of the reason as Hyderabad ranks best in construction, absorption, price, office, retail, hotel, investment transactions and transparency. Prices appreciated due to the positive dynamics of the market. Other factors which work in favour of Hyderabad are better education level, international patent applications, innovation capability, IT & technology companies and acceptable environmental quality.

Fashion & Hospitality Businesses

Restaurants and cinemas are the main factors for attracting people in malls and shopping centres. As such, the restaurant space in shopping centres can double approximately to 25% of the total available space. Nearly six million square meters of space in the mall is expected in the next three years. The penetration of the international brand in food and Fashion is also on the rise. International fashion brands like Forever 21 and H&M are well accepted by local buyers, resulting in a healthy increase in sales.

Policy support

The government of Telangana has implemented many key policies such as TS iPass, impact fees, shelter fee, e-STAMPS, Telangana 2BHK program, affordable housing to bridge the gap. Telangana's Data Center Policies will open a new door for real estate development and will create opportunities for the development of housing for middle-income people.

Policy support

Telangana has implemented key policies such as TS iPass, impact fee, shelter fee, e-STAMPS, Telangana 2BHK program, affordable housing to bridge the gap. Telangana's Data Center Policies will open a new door for real estate development and will create opportunities for the development of housing for middle-income people.

Conclusion

The city can witness a large amount of foreign capital that goes into the development of the office in the medium and long term. Residents and retail demand may improve because of increased employment.

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  • By Anupama |
  • Dec 26,2017

Real Estate Policy Reforms Reviving NRI Investor's Sentiments

Policy Reforms Making Realty Market An Attractive Platform for NRI investments in India.

With the series of radical and transformational reforms in last two years 2016 and 2017, the NRIs across the globe are anticipating the Indian real estate market to be more transparent, credible and attractive, now as compared to previous time. The Non-Resident Indian (NRI) investment is poised by the accelerated growth with the consolidation of the market by only organised players on the ground.

Globally, most of the NRIs are the employees and the wage earners. The global job market is unstable and this fact forces them to be more realistic while investing in real estate market in India. The other reason was the lack of a trusted platform for those NRIs who wished to invest in properties here.

The opaque nature of the real estate business, lack of information and proper implementation/ processing channels, has always been the cause of concern for NRIs. Also, lack of a proper regulatory mechanism to safeguard against the misleading marketing and non-adherence of property delivery on stated timelines, has always deterred investor’s interest.

However, with transformational reforms and policy changes in previous two years, the Indian real estate market has got the potential to attract more NRI investment. Game Changing Reforms

The policies which revived and influenced NRIs investment decisions are

• Real Estate (Regulation and Development) Act 2016

• Demonetisation

• Foreign Direct Investment (FDI) reforms

• Relaxation of norms in Real estate Investment trust (REITs)

• Goods and Services Tax (GST)

• Benami Transactions (Prohibition) Amendment Act

• Changes in Accounting standards IFRS

These policy reforms are helping to bridge the trust deficit between the institutional/ NRI investors and India's real estate property players. In above all mentioned reforms, RERA has been pivotal in addressing this trust block and boosting confidence in NRI investors.

The relaxation in some of the norms in REITs will directly benefit the commercial real estate property segment, especially retail, office, logistics, warehousing, etc. There has been a consistent rise in demand for commercial spaces like Grade A offices and IT parks in Tier I and Tier II cities. Due to which, NRI investor's focus towards commercial properties has risen considerably, as this sector is delivering more satisfactory yields as compared to residential segment.

Many Indian large realtors are experiencing a revival in NRIs investment plans with most of their upper price segment properties which are RERA compliant are being sold out to customers majorly belonging to NRI community.

Major Factors Influencing NRI Investors

As per the industry experts analysis, NRIs always consider four major factors while investing in Indian property market, they are

• Developers with strong delivery record

• Minimum initial investment

• High rental potential

• RERA compliance

• Status of the land & its use

The interest to invest in real estate sector by NRIs is especially driven by long-term fundamentals like safeguarding retirement plans, emotionally connect, better returns and yield on investment.

Right time for Investment

The experts are stressing that this is the right time for NRI investors as there are more investment growth opportunities, in both residential and commercial real estate market of India. This due to following reasons:

• The property prices in India are at the bottom

• Realtors are rolling out highly attractive prices for all projects which are at par with international standards

• RERA compliance making the market more transparent in all its processes

• Not much appreciation in real estate market of developed countries

• Depreciation of Rupee

• Availability of ready-to-move residential properties at affordable rates

• Mid-segment and smaller projects with lower price tags are available

The previous pure price-play mechanism of the realty market is now shifting to facts like quality, commitment to deliver on time and right price strategy. The policymakers are continuously working towards simplifying the purchasing processes, rules and regulations prevailing in the real estate market. Further relaxation in FEMA norms and some laws by RBI regarding property buying by NRI Diaspora are likely to give a big boost to their investment in Indian property market.

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  • By Poojitha |
  • Dec 16,2017

Major Trends That Will Define The Realty Market In 2018

The year 2017 has been the most eventful year of the decade for the Indian realty market, with major reform policies rolled out, to give a complete overhaul of the system. A bigger section of property developers, have termed 2017 as a year of consolidation and many are wishing, the coming year to be at least steady if not profitable, in the view of all reforms and its related processes, which are not yet much visible and clear at the implementation level.

We are discussing here some of the major factors or trends which will shape the real estate market in the coming new year-2018.

1.Policy Changes

Last year, all real estate property developers of the India faced a short-term turmoil because of structural reforms brought into the system, through various policies - RERA, GST, Benami Transaction Act. Developers remain optimistic for the coming year and taking all policy changes, policy implementation, government initiatives for affordable housing segment and transformation of office space sector, as the major factors influencing buyers'decision.

2.Oversupply of Property

Reports have stated that oversupply of real estate properties especially in affordable housing segment can defeat the purpose. There may be few takers of such properties in the market, so providing optimum level of units as per the demand will work much better in term of ROI.

3.Right Research Right Profit

Launching right size of the project in the right market with right prices, will only help in reaping profits to the developer. The project can be in luxury housing segment or commercial segment, the developer should do his home-work better to attract the right audience available in the market.

4.Luxury Housing with Affordability

Coming year can show better results in luxury housing projects, if they are offered at affordable prices to the customers. As the oversupply of mass houses will rise, buyers who are looking for high-end properties which satisfy their quality and aspirational quotient as well, will also rise. Developers providing quality and style elements at affordable price segment will be defining factor in attracting more consumers.

5.Execution Target

With a lot of projects running behind the schedule and to avoid the RERA penalties, the coming year will see a good supply of houses, all across the Indian real estate market. The developers will prefer to deliver all the running project on time rather than launching a new one. This will help in consolidating the market and prices of all the completed units and buyers will have the most cost-effective rate tag.

6.Consolidation through Joint Ventures

The joint ventures or joint development will be more seen in the real estate market for 2018. The previous or running projects which were fiscally mismanaged and distressed developer with losses, will be over-taken by larger players of the market. This will help in cleaning up the market to some extent and consolidate it with lesser and better real estate development companies. By this consumers will get quality property units with on time delivery.

7.Small Size Projects

With RERA liability on real estate developers for on-time delivery or the projects, they may opt for more smaller projects or split larger projects into smaller phases. This will help them in efficiently managing the running project with better quality and transparent cash transactions or payments. Smaller projects get quickly completed on time, saving the developer from RERA penalties and consumers getting their houses on time.

8.Growth of Tier-II cities

With increasing congestion in metro cities of India, large and medium real estate property developers are evaluating their options of doing business in these cities. Metro city problems and availability of better growth prospects in Tier-II cities of India are attracting large developers to start new projects here. This may influence the property buying behaviour of consumer in both metro and tier-II cities.

9.Inflation and Buying Capability

Market analyst speculates that the growth in the job market and inflation may affect the buying and selling of properties, in 2018 majorly. Better job market prospects can upscale the consumer base in the real estate market considerably.

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  • By AnupamaMeshram |
  • Dec 12,2017

Clean Up Real Estate Market Of India Modi’s Fight Against Corruption Continues....

Our honorable PM Mr.Modi is trying to keep no stone unturned, to drive away corruption from India. After Demonetization many reforms are done in taxation and various structural changes had been brought in to effect, in all major sectors of the economy, including real estate. To overhaul the messy real estate market of India, prior to Demonetization - i.e. scrapping of old 500 and 1000 rupees notes, Benami Act was brought into effect, last year, which was not covered much in the media.

Fight Against Corruption in Real Estate Market

Mr.Modi is trying to plug every loophole of corruption techniques. Buying real estate property in someone else's name is a common practice of wealthy people who buy large properties by evading taxes. All financial and land dealing departments of the government have already stepped up scrutiny measures of real estate assets with suspicious titles.

All moves are to clean up real estate market of India, right from the arcane land record department, loans, construction phases to final completion of registration proceedings.

Law for root-level corruption: Benami Property Act

To put a fight against corruption at the fundamental root-level, i.e. at land acquisition level, a law is enacted called as Prohibition of Benami Property Transaction Act or Anonymous Property Act which is popularly known as Benami Property Act. This law has been brought for those people who often use cash for which they haven't paid taxes on, to buy property and name it in for their trusted relatives or employees. The industry had estimated that about 5-10% of real estate property in many cities are bought by people who want to evade taxes.

How Modi government, is exploring all shortcomings of the law to fish out the culprits?

Sources have confirmed that the government, is specifically, using tax returns filed in July, raids and data from bank transactions to collect information about suspicious real estate property dealings.

1. Inaccuracy of tax law

- The government believes that there are some flaws in the tax laws of the country, due to which mismanagement of Anonymous property and real estate dealings are done in the wrong way.

2. Income Tax Return Filing

- The deposit of the income tax declaration or the filing of income tax returns, until July of this year, is being checked minutely. Suspicious people or companies are being checked first.

3. Recovered Documents in Raids

- The Department of Income Tax has conducted raids in many parts of the country by coordinating them with the rest of the agencies. Among them, there are many cash and gold recovered in addition to important documents which are under scrutiny.

4. Transactions of Bank

- The IT department and the rest of the agencies are tracking certain accounts throughout the country. The operators of these accounts, who have purchased benami properties or invested in the real estate sector by illegal means are under lense.

Which people are more suspicious?

It is believed that political leaders, businessmen and NRI people who have invested in properties in the name of relatives or close friends are under suspicion.

Benami Property Law Directives

The law states that the people who hold assets that don't actually belong to them could face up to seven years in jail, with the seizure of the property.

“PM asserts – No question of retreat.”

It is very clear that the government of India is going to be tough with all wrongful activities happening in all the sectors which are hampering the growth of the nation and its people. With RERA has already been implemented to fight against the unlawful practice followed by a few builders in the market. Benami Act implementation is also sending a strong message to all those people who try to advantage of the loopholes in the system.

This has helped in building trust in consumers for the real estate property developers. It surely brings an atmosphere of transparency, availability of more affordable land property in the Indian market and deters others to amass land property by unlawful means.

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  • By AnupamaMeshram |
  • Dec 04,2017

The Trump Empire Launching In India

The family of the USA's President, Donald Trump is expanding it’s Trump Empire by launching a pair of real estate projects in India. The Trump organization is very bullish as far as Indian real estate market is concerned and is very optimistic in approach to establish itself in Indian real estate market by providing luxury projects to the affluent Indian class.

These two new project launching had caused some murmurs in the political arena in the USA and as well in India, as the Trump Organization had previously said that no new foreign agreement would be signed while the president remains in office.

However, the Trump organization had launched two residential property projects in India, despite concerns over the president's potential conflicts of interest with foreign governments. The developments are the evidence that the Trump Organization's promise does not specifically extend to the projects that were signed or initiated before Mr Trump took office as President of USA.

Real Estate Projects in India

The Trump organizational team has made strong inquires about the existing projects and seems to be incredibly happy with the reports generated even before the launch of the new projects. It is said that the new projects - Kolkatta and Gurgaon projects, were inked before Mr Donald Trump became president of USA.

The two projects, one as the new Trump-branded tower in the eastern city of Kolkatta will cost $ 765,000 or less and the other project in the suburban capital of Gurgaon will have $ 1.8 million apartment cost and access to golf courses. The capital investment in these two projects is much over the existing three projects in cities - Mumbai, Pune and a proposed office in Gurgaon.

The Mumbai project is a 75-storey tower, going to have a shimmering gold facade and two residential towers in Pune. The new project in Gurugram, likely to be called Trump Towers, will be jointly developed by M3M India and the Trump Organization. The project will be a super-premium, ultra-luxurious project.

Real Estate Market Insight

Real estate property analysts and experts are scratching their head and speculating the success of these luxury projects, as the market of real estate in luxury property segment is very sluggish. Their views are that the prices of these properties in last four years had not increased, the stock has grown and the sales have been really bad. They sight that there is a big difference between prevailing prices and what buyers can afford practically.

By analysis reports, till November this year, alone Kolkata had about 428 unsold units in the price range of $ 460,000 to $ 1.5 million, which is a three-year stock delay, while Mumbai had 17,478 unsold units, a six-year delay.

Final Factor

The property market experts view that the Trump brand properties have faced slow sales in the market because of higher cost almost 30% higher than the neighboring real estate projects. Some experts have different view that whether Trump will attract Indian market or not after the period of immigration and other controversies surrounding the Trump policies. It is also viewed that the projects supported by well-known stars and sportsmen do not always work in favor of the builders. Affordability – always remains the main factor in reaping profit in the real estate projects.

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  • By Anupama |
  • Nov 25,2017

Trends Shaping The Indian Real Estate Market: An Insight

Globally, the real estate sector is the most important sector. In India, it stands as the second largest employment generating sector after agriculture. It is estimated that it will grow up-to 30% over the next decade. The four segments - Housing, commercial, retail and hospitality, come under the real estate sector. For Indian economy, it contributes close to 6% of the country's GDP (Gross Domestic Product).

With the implementation of various economic and structural reforms in recent times like - RERA Act, and GST, it is observed that the new trends in the real estate market are shaping and reshaping the industry on a continuous basis.

Here, we will get an insight on the new trends in the Indian real estate market, which is majorly contributing to its restructuring.

1.Global cash flow in India

The world is endorsing India with large investments after its improvement in some it’s ranking like 4th in developing Asia for FDI Inflows. The stable and strengthening modern economy is also perceived as a major reason for attracting more investors from all over the world. The foreign direct investment regime is more liberal as compared to earlier times, which has led to a better ranking of many Indian Tier-I cities in the global market, as per JLL's Global Real Estate Transparency Index. The Real Estate Regulatory Investment Trust (REITs) is also making initiatives in increasing the transparency in the sector by increasing the regulatory framework. This is helping in making realty sectors as favorite investor destination in Indian economy.

2.Business Models Revamped

With new policies and reforms like - RERA act, GST and Benami Property Act, have forced the small and big, realtors and land developers to revamp their business models according to the new guidelines or otherwise face the penalty. This has infused a new confidence and trusts in the consumers, especially the mid-sized residential property seekers. It is observed that the increased transparency in the sector will give a boost to the affordable housing segment. The major builders of the country have already gauged this and have launched many projects in this segment.

3.The Era of Hybrid Spaces

The boom of start-ups culture and search for affordable and flexible commercial rent spaces has moved the traditional commercial spaces to hybrid commercial spaces. The Co-working spaces or Hybrid spaces is fast catching up in across all Indian Tier-I and Tier-II cities. This segment is surely booming because of its cost-efficiency, better services and low maintenance of the commercial space. Market researchers have already predicted that this is surely going to stay in the real estate market and will reshape the commercial property market segment in India in next few years. This will continue to happen for over the next five years.

4.Consolidation of the realty sector

With many schemes launched by the government of India providing affordable housing in rural and urban areas, providing finance to boost this sector, structural reforms, demonetization effect and still lack of financial prudence among many realty developers, is leading to a fair consolidation of the market. The consolidation will happen through more joint ventures between the small and big land owners or builders. The smaller or struggling developer may get sell its ventures to bigger players of the market which have a strong balance sheet and better growth prospects.

5.The Road Ahead

As it is expected that the real estate market to touch $180 billion by 2020, along with its ongoing reforms and challenges, the investors and developers of Indian real estate market are responding in-concurrence to the demands of the market. They are slowly shifting their gear to a professionally well-managed, accounting and management systems, to meet the diligent standards of the government and work along with it, to move forward and offer better living at affordable costs.

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  • By Anupama |
  • Sep 11,2017

Why To Invest In Vijayawada Real Estate Property?

As per the latest NHB Residex news, there is an increase in prices for smaller units of Tier II type cities as compared to Tier I cities. An initiative of the National Housing Bank – NHB Residex, the report explains that the residential units sized usually between 60-100 sq m in Tier II cities have witnessed the maximum price increase in the last quarter of the year. Vijayawada, Vishakhapatnam, Bhubaneshwar, etc. are cities studied among 50 cities of India.

Vijayawada is among the top five cities, which has seen an annualized price rise in the range of 8-10 per cent in the (ready to occupy) residential real estate property market.

Vijayawada is also known as the "City of Victory" is located on the banks of the Krishna River, is about 257 kilometres from Hyderabad. In recent times, the city is witnessing a high rate of growth in all its economic sectors including commercial and industrial sectors.

1.Residential Real Estate Property in Vijayawada

The current residential Real Estate property segment in Vijayawada is growing both in terms of quality and quantity. The government’s emphasis and developmental policies on real estate constructions and infrastructure have been the main attributes for the speedy development of Vijayawada. The city is rapidly adopting new concepts in real estate constructions, like as residential townships, in which all modern day facilities are provided- Gymnasium, swimming pools, clubhouse, tennis courts and much more in its own boundary, at very affordable price.

The governmental organization is also taking initiatives in some areas to build strong and high-quality houses as the old houses are of low quality. The Vijayawada Development Authority Guntur Tenali Mangalagiri (VGTM-UDA) plans to build more than 76,000 houses in Vijayawada and Tenali under the Rajiv Swagruha scheme. The UDA will also step to facilitate the development of a Special Economic Zone for Information Technology (SEZ) for employment generation.

2.Commercial Real Estate Property in Vijayawada

Vijayawada real estate property market has emerged as one of the most attractive investment destinations among Tier-II cities in India. With the type of capital floating in the market, investors have a strong idea with regard to Vijayawada to become the financial capital of Andhra Pradesh, in the coming years. As the government has relaxed the rules for FDI in the Indian real estate market and SEBI has given the assent for real estate mutual fund investments, the Vijayawada real estate market has seen a lot of stability.

With large investments flowing freely in Vijayawada city, the property sector has eventually become a seller’s market, leading to unprecedented price surges in most of its projects. It has seen a jump of about 30 percent over the last 2 years and is likely to see at least 40-60 percent increase over the next year and a half.

3.Retail market in Vijayawada

As such, Bejawada retail market is moving at a snail's pace but can be seen to reach the required pace in the future with the expected entry of brands like Shoppers Stop and Big Bazaar among the big names of shopping centers.

To give an advantage to the retail industry in Vijayawada, the City Municipal Corporation has proposed a multiplex to come over on an area of 2 acres of land near the Vidhya dharapuram bypass.

The project plans to serve as a hospitality and entertainment center, which will be executed on the basis of the public-private partnership. It is likely that the corporation will obtain 25% financing from the Center to implement the plans for the proposed center, which will involve an investment of Rs 40 crore. Big Bazaar has already rented an open site and started construction on Bandar Road. Shoppers Stop and Lifestyle are looking for suitable spaces along the city’s Ring Road.

These upcoming mega shopping centers are definitely going to give an impetus to improve the overall retail profile of Vijayawada and contribute to making it a modern city.

4.Upcoming Real Estate Projects in Vijayawada

IT Park: There is an IT park in the pipeline for Vijayawada city. The project will emerge at the 32-acre site at Kesarapalli across from Gannavaram Airport. Software Park: The District Administration is considering the construction of a software park in the whole land belonging to the Polytechnic College of the Government and ITI in the city.

Township: A notable project like Vigneshwara Enclave and Sri Akshita Oaks, are among the most exclusive real estate residential projects in Vijayawada. Also with an investment of Rs 650 crore, the municipality proposes to include approximately 4.6 million square feet of a residential and commercial complex. It is to connect the Guntur road located 12 km from Vijayawada.

The corridor between Hyderabad-Vijayawada: The state government has proposed building a high-speed corridor that will reduce the distance between Hyderabad and Vijayawada to just 2 hours. It is estimated that the project will cost 3,000 rupees.

Conclusion:

The government of Andhra Pradesh wants to build a Vijayawada city on the lines of Singapore. It has better road connectivity through its bridges, flyovers and NH5 & NH9 connected with other major cities of Telangana and AP. Biggest Railway junction of status A1, an International airport, biggest bus station in Asia and sufficient water supplies all round the year. All these factors have made Vijayawada as one of the favorites and top real estate investment destination for both locals and NRIs.

Proppick has an efficient team in the Vijayawada area to help you invest in real estate wisely.

Call us now at 8688500500

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  • By Anupama Meshram |
  • Sep 07,2017

Overseas Investment In Thai Real Estate Market - Pattaya Condo Vs Bangkok Condo

The Thailand economy has shown good results in the last two and a half years, after its flood tragedy and different political upheavals. After attaining political stability, the Tourism and IT sectors have been the main areas which have brought back the Thai economy on its track.

In the last one and a half year, a lot of overseas investment had been pumped into the commercial and residential real estate market of Thailand, with the major contribution in cities like Bangkok, Pattaya, Jomtien, Wongamat, etc.

Why the Pattaya Real Estate Market better than the Bangkok?

In this article, we will quickly take a look into, why in present scenario Pattaya is a better option for real estate investment (especially in condo properties) than into the Bangkok real estate market.

Pattaya Realty Market

Currently, many of the condominiums (condo) for sale in Pattaya are affordable re-sale units, under the developer's price tags and current market value. Oftenly, these units have been sold at much lower rates than the developer can offer directly in a new project of a condo in Pattaya. On an average, it is seen that the per square foot rates on Pattaya condos are much cheaper than in Bangkok. Recently, there has been an influx of discounted apartments and cheap condominiums for sale in the Pattaya real estate market.

Why are Pattaya condos cheaper compared to property in Bangkok?

There have been some important key factors for this, such as - a fragile global economy, low foreign exchange rates, the growing strength of Thai Baht and an excess availability of condominiums in surrounding suburbs.

A large number of Russian expats had owned condos in Thailand, majorly in Pattaya city. The collapse of the Russian Ruble was the beginning of the so-called bonanza of the cheap fire sale of condos, where you can buy a resale condominium in the Pattaya under the real estate property developer's rates for the first time. This was possible because the Russian currency is reduced to the half the previous value and therefore they (Russian condo owners) nearly doubled the value of their condos, that allows them to sell cheaply and convert the strong Thai Baht back to the Ruble, thus earning a profit and making money back to the exchange rate. In fact, it makes more sense for them to sell now than to wait for the real estate market in Pattaya to recover.

Another mitigating factor, which as a general rule in any form of business economics, comes down to – ‘supply and demand rule’ and when supply exceeds demand, prices of the product fall. This will determine the current market value and the price what you will eventually pay to the supplier. For example, an over supply of condominiums for sale in Pattaya means more apartments in the market. There will be more competition between the owners, to sell or rent, combining this with the present uncertainty of the global economy, which leads to fewer people in the buying process. This ultimately pushes the owners in dropping its price tags to get the sale done.

Over the past two years, since the start of the Russian Ruble collapse in mid-2014, Pattaya sees a cheap real estate sale and the people who are with cash, earned a fantastic opportunity to take the maximum advantage of the situation with very discounted properties. In some cases, investors are able to purchase a new condo in Pattaya for almost half the original market value.

With the pristine beauty of the city’s beaches, better infrastructure, growing hospitality & education sector, expanding transportation facilities and low cost living. Pattaya is attracting many overseas and local investors in its real estate property market.

Why don’t we see a similar scenario in the Bangkok Real Estate Market?

Most of the real estate in Bangkok is owned by wealthy Thai citizens and they are in no hurry to sell for a loss! Many Thai people purchase property in Bangkok for rent and have a long term investment strategy while comparing to Pattaya most of the cheap apartments for sale are foreign national owned - holiday homes. This is because the main destination in Thailand for foreign tourists was Pattaya and other sea-side holiday resorts where currency fluctuations play an important role in accepting a low/ cheap offer by a foreigner.

So how long do we think these heavily reduced condominiums in Pattaya will last? Although there is no immediate sign of a recovery or overnight monetary solution for the global financial markets, but we are already beginning to see a drop in the sale of these cheap condominiums at low prices due to the fact that Russian buyers have bought in many units.

If you compare condo prices with homes for sale in Pattaya, you will not see the same picture you make with the Pattaya condos because most of the foreign real estate investment in Pattaya was directed to low-lying condos near the beach and complex holiday style resorts.

Conclusion

So the best advice we can offer is, if you are looking to buy a property in Pattaya city, be prepared to do your due diligence. Take efforts to hire a trusted real estate consultant, look for a well-built condominium development projects, like Amigo Grandeur Condominium, which is having all local amenities and is close to shopping and recreational areas, beaches, etc.

Location of any Condo definitely plays an important role in any real estate market, central city locations have often increased demand in the area and require higher prices due to limited availability. We have seen many condominiums for sale in central Pattaya retain their value and, if anything, prices have steadily increased, this is also true with seafront properties, unique apartments overlooking the sea and new luxury condominium projects developed by market-trusted builders and developers.

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  • By Anupama Meshram |
  • Aug 24,2017

Manikonda: Best Property Investment In Hyderabad

Developments in Hyderabad

After last years, Demonetisation and the subsequent reforms in the real estate industry with RERA and GST, the clouds of confusion and uncertainty are slowly vanishing. There is a revival of sentiments in consumers with the onset of the festive season also.

The real estate sector of Hyderabad is looking bright with all the positive steps taken by the current government and the municipality of Hyderabad. The Telangana Government is going to spend almost a whopping Rs. 10,000 crores on just Hyderabad’s infrastructure development. The Hyderabad city is not only becoming an apple of eye for national news and investment but also for international news with celebrities like Ivanka Trump preferring Hyderabad than to other cities of India for business meets and investment. Hyderabad has recently surpassed Bengaluru in foreign investments. Almost all world’s major names and brand companies of businesses of all sectors are present in Hyderabad.

All these factors are also assisting in building a strong base for building Hyderabad, the next hub for the best commercial real estate market. It is seen that when the demand for commercial real estate rises in a particular area, then the demand for residential real estate sector also rises in its surrounding or neighboring areas.

In Hyderabad, areas like Gachibowli, Kondapur, Madhapur, Shaikpet, Hitec city, Banjara Hill, Jubilee Hills, Manikonda and all the surrounding areas and localities are developing very fast. Offices, Hotels, Hospitals, Apartment, Luxury Villa, Sports facility, Shopping Malls, Schools, etc. are building up at very fast rates in these areas.

Manikonda Property Market

It is located in the west of Hyderabad city. Manikonda is one such location, which is emerging very rapidly and has shown a high rate of growth, over the past few years in terms of returns. It is rated as one of the top preferred localities in Hyderabad, for purchasing residential real estate property in the IT corridor spaces. People usually prefer the property location to reside, near to their offices. Manikonda is close to IT hubs like Gachibowli, Raheja Park, Shaikpet, Hitech City and Nanakramguda (Financial District). Most of the IT professionals working in these places, are preferring Manikonda as the best choice to buy a property. Those who get transferred or shifting to other companies in other cities of India are able to put their flats for rent or sale very quickly without many hassles.

Manikonda Property Prices

In Manikonda, you can easily get a flat of 1BHK (460-700sq ft) for Rs 8-20 lakh, a 2BHK flat (800-1800 sq ft) for Rs 22-50 lakh and a 3BHK (1147-2520 sq ft) for Rs 34-79 lakh. The localities have residential plots ranging from Rs 22,000-34,000 per sq yd. Apart from this, you can find villas, independent homes, commercial land and shops in the locality according to your budget.

Several multi-billion dollar projects like Lanco Hills and Hallmark Constructions are present in Mannikonda, providing flats in all segments of 1BHK, 2BHK, 3BHK unit at a very affordable price range. The prices of residential real estate properties such as plots, flats and villas in Manikonda are much reasonable than its neighboring markets of Gachibowli and Hitec city.

Currently, apartments are the most supplied types of property. One needs to be cautious while buying a house in Manikonda because the permits are usually given for the two-story building on the ground floor. Before investing, buyers should make sure that the builder has the required permission to make 3 or more floors.

Accessibility

The airport and railway station are easily accessible through flyovers and Outer Ring Road (ORR). The upcoming of Metro at Shilparamam is also providing a plus point to get connected to far-flung areas of Hyderabad. Also, Manikonda is connected to the neighboring IT Hub via the Old Mumbai Highway, which boosts its good connectivity to Gachibowli and Hitech city. There is a good number of bus frequency between it and Mehdipatnam. Tourist attractions like Golkonda, Qutub Shahi Tombs and Osman Sagar Lake are within easy reach. Many construction builders, land developers of national and international reputes, has already completed many residential projects and handed over the possessions to the buyers.

The wide spectrum of the real estate projects in the residential and commercial segment has helped in building better comprehensive, advanced and sophisticated civic infrastructure in Manikonda. Be its offices, apartments, schools, hotels, supermarkets, banks, hospital or any entertainment avenue - all structural construction are on par with the current architectural trends and providing better quality facilities with the best use of space and materials.

Rent Returns in Manikonda Property

Due to its proximity to IT centers, the rental returns of residential properties perform well and has an approximate rental yield of 5.5%. The rents for 2BHK may vary from Rs 10,000 to 25,000 a month, which is quite satisfactory. Because of all these factors, one should try once property options available in Manikonda before buying any real estate property in other neighboring localities. Also, the proposed ITIR Master Plan in Hyderabad, which will be integrated with the HMDA Master Plan, is likely to bring more organized development to the outskirts of the city in the coming years.

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  • By Anupama |
  • Aug 22,2017

Reasons To Invest In Pattaya Property And Why You Should Do It

Pattaya is a resort city on the east coast of the Gulf of Thailand. The city is built around a wide crescent shaped bay. It has a rare combination of being both, a beach destination and having all the amusements & comforts of a big metropolis. It has become the second most important city in Thailand after Bangkok and has a huge influx of international tourist all round the year.

The delights of sun, sea and sand, combined with outstanding entertainment, commercial and tourist attractions, have made this formerly a small fishing village, a big winner amongst expats from all over the globe.

You will get the best beaches like KoSamae San, which is a tiny island, almost 35 Km south of Pattaya. The North Pattaya (Pattaya Neua) is an upmarket area with north Naklua which is having some top end resorts and Pattaya South (Pattaya Tai) is famous for its nightlife.

Pattaya is a true tourist destination. It caters to all types of traveller category - for families, honeymooners, Senior Citizens, group of friends or for a solo traveller. Here, you will get to see a world-class underwater world, Dolphin world, an open zoo, Ripley’s Believe it or not, beautiful Khao viewpoint, beaches, floating market, beautiful Buddha Statues, monasteries, amusement parks, wellness centres and Walking Street. People come in Pattaya, to engross in its mega shopping centres and amenities.

Pattaya overview – Economy & Infrastructure

The city of Pattaya has flourished due to a large number of Thai and Foreign tourist visit it every year. All the businesses and services catering to tourists and upscale expats are doing well.

Real estate in Pattaya has been one of the fastest growing and most sustainable industries in the past few years. The rapid increase in the number of property developments is a clear indicator that this trend is set to continue. A large number of new businesses are opened every year and the old ones are sold to Thai or foreign investors. The city of Pattaya is very beautiful and the amenities and infrastructure provided by the government are good. The transportation facilities are improving and the area covered for mass transit is also expanding. It is merely two hours or so away from Bangkok, making it a perfect retirement spot or weekend getaway. This expands one’s scope of searches for better property in Pattaya according to his/ her requirements and budget.

The Thai government initiatives have helped the region for its rapid industrial and commercial growth. The new deep sea port – Laem Chabang is having a vast industrial estate. The Eastern Seaboard has almost 12 industrial estates where, about more than 10 Thousands of expatriates are employed. Pattaya boasts some of the Thailand’s finest hotels and resorts, malls, entertainment and recreational facilities.

Why Pattaya for Reality Investment?

The overseas tourists love to come again and again to Pattaya, for vacations. The happy lifestyle, cheap cost of living and scenic beauty has tempted thousands of international tourists to buy a Condo in Pattaya. The city is well connected to all major cities of the world through airways and waterways. The Thai Government has allowed foreigners, to buy property in Pattaya. Usually, buying a Condominium or "Condo" is a little easier to purchase than a house on land. One needs a help of a broker and a Thai lawyer while purchasing a Condo, which is simple and convenient.

A Condominium (Condo) is an apartment, which is divided into different units. Each unit is separately owned by individuals. It has common amenities like swimming pool, parking lot, gym, garden, etc., which are jointly owned and maintained by condominium owners association.

The Special features of Condominium are:

• Airports and railways are easily accessible
• Latest building designs, layouts and interiors
• Quality standard of construction is maintained
• High-quality materials and specifications are implemented
• Good and secure neighbourhoods, ensuring privacy of residents
• Adequate elevators and efficient M&E system
• Complete range of Amenities
• Car parking
• Professional management

The cost of Condo depends on the area of location, type of amenities provided and the area of the unit. The new residential real estate projects are designed according to its future residents and their lifestyle concerns. Efficient unit layouts offer better value to the purchaser by increasing the ratio of usable living space.

Many luxury projects maintain resort-style landscapes carefully, merge the existing trees on the site and water features like beach frontage. The recreational facilities in the projects include fitness centre, sun and shade decks, swimming pools, kid's pool, tennis courts, car parking, water slide and playground for kids. The per sq.m charges of a Condo in Pattaya is much reasonable as compared to Bangkok. There are many Condo available for sale and rent in Pattaya. Local or Overseas tourists, any one can take a Condo for rent, and if they like it, can also buy it. After possession, if they desire, they can put it on rent. About renting a Condo, the return on investment is faster, almost 8-9% pa.

Investment on the Rise

An International research report suggests that more people are buying condominium units in Pattaya as second homes for leisure, relaxation and also as retirement residences. The rise in demand in residential property, especially in Condominiums is mainly due to good sales performances. The rise in prices is seen in prime market areas and in those areas, which are located on the beach front or are in close proximity to the beach. The special features of these residential real estate properties have been - view of clean beaches, stunning outside scene, a higher level of privacy, etc. Ensuring sea views from units is a crucial element for grade A development projects in achieving high prices. Given the strong demand and limited high-quality supply, prices have been increasing in Pattaya.

It is said that the high-end development projects will go a long way towards raising Pattaya's profile and attracting both quality visitors and investors in its real estate sector. Pattaya is riding the rising wave of a new property cycle as demand continues to improve and expects to see mega real estate developers launching more new residential condominium and holiday-home projects in coming times.

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  • By Anupama Meshram |
  • Aug 19,2017

Why Thailand New Destination For Real Estate Investment

Looking for Investment outside India? Then, Thailand can be your best bet to go for it!

It is a place of fun, enjoyment, excitement, better opportunities as well as affordability for external investors (foreigners) to invest in Thailand, especially in its real estate sector. Major cities like Bangkok, Pattaya, Chiang Mai, Phuket, Maret, Mekong, etc. are the best attractions for tourists. The tourists come, stay and fall in love with the city’s happy lifestyle. Many of them, prefer these cities as their regular travel destination and end up in buying a Condo.

The “Condo” is a short form of Condominium, where an apartment is divided into several units or flats, which are separately owned by individuals and the common amenities (swimming pool, parking lot, gym, garden, etc.) are jointly owned and maintained by all owners of the condos.

Many foreign nationals of Thai prefer to buy real estate property in Thailand cities as compared to cities of other bigger countries (Sydney, Shanghai, etc.) because of

• Cheap per sq.m area
• Cost per living is cheap
• Better infrastructure
• Availability of Condos as per the budget
• High Return on Investment
• Better rent with a profit (8-9% pa)
• Buying a Condo is easy than an independent house
• Stay permanently or Rent, ownership is protected

Special features of Condo:

• Easily accessible locations from airports and railways
• Good building designs, layouts and interiors
• Adequate elevators and efficient M&E system
• Good and secure neighborhoods, ensuring privacy of residents
• Good standard of construction using high-quality materials and specifications
• Comprehensive range of facilities, including swimming pool, gym and/or squash and tennis courts, etc.
• Sufficient car parking
• Professional management

Any foreigner can purchase/ lease a property in Thailand and easiest way is to buy a Condominium. It can be a one BHK for a smaller budget to a Luxury project with larger per sq.m. The owner can stay or rent it as per its wish.

It is not that buying a Condominium is convenient to buy, that’s why the foreign investors are flocking in every year to buy the real estate properties in Thai cities like – Bangkok, Pattaya, etc. But the other reasons are much bigger and brighter when we consider the improving Thai economy. It is seen that the Thailand property market is rebounding in 2017, after a slack in the economy due to political unrest a few years back. The economy saw a stagnancy in 2016. The pros to invest in Thai real estate property are many.

The Government of Thailand is steadily improving the infrastructure of many cities to reduce the travel commute time and indirectly trying to accommodate ever increasing working population of the cities. The foreign investment has rapidly increased, majorly from countries like China, Japan and other neighbouring countries. Cities like Bangkok, Phuket, Samui, Chiang Rai and Pattaya are commercial cities and also a high number of tourists visit every year. These cities are destinations for businesses and tourism.

The government of Thailand has started several mega projects under construction sector. It is focusing to increase its mass transit lines as the cities are expanding as the city centers are already congested. This is like giving a new lease of life to businesses and real estate construction companies, for both commercial and residential segments. The Thailand government has increased its infrastructure budget to build double track railway lines, new highways, airports and other infrastructure to better the city amenities. This has attracted a lot of positive vibes from around the world to invest in Thailand. A lot of mega projects had shown interest in investing in the different sectors of the economy like Real estate, IT, Education, Hospitality, etc.

The present time is said to be the best time to buy Real estate property in Thailand as the economy is slowly picking up Few of the Thai Banks has already lowered the interest of Home loans and there is an improvement in consumer confidence for the economy.

Last year, there was a slack in purchasing of properties and subsequently delay in completion of projects. Now, many developers have started to reorganize their business structure to remain competitive in the market.

The bigger reputed developers have joined hands with other strategic partners for greater market dominance, better opportunities and a higher chance to acquire loans from the banks.

The overseas real estate investors and buyers have always shown interest in Thailand real estate sectors because of its attractive prices and high potential of price growth. The government is putting all efforts to make Thailand an exciting market for Foreigners. Both expats and overseas investors are growing as the customer segment in the Thailand Real estate market. As it could contribute to substantial growth in this real estate industry.

The proposed new land and building tax are forcing landowners to find ways to avoid the tax and including lending their land to developers (who would usually build luxury projects on it). Also, the leasehold projects are normally cheaper than freehold, preferably for foreign investors who focus on yield rates instead of a permanent stay. There are a large number of projects which are taking care of foreign/ overseas investors who are interested to buy small or rentable real estate properties at affordable prices with easy possession processes.

The experts of condominiums and serviced apartment businesses are foreseeing growth in 2017. The main cities of Thailand have a developing populace, due to its improving business sectors and vigorous economic growth. But there is a tight supply of homes to be purchased, which will probably prompt a portion of the biggest price increase. Infrastructural initiatives and capital investment are building a bright future for the Thai economy. Because of this, not only IT, Manufacturing, etc. sectors are prospering, but also other sectors like tourism industry, Hotel industry market, serviced apartment market are showing growth. The Thai government is promoting various festivals, sports and business meet in various cities like Bangkok, Pattaya to attract world attention. E.g. International Cycling Festival, Khao Phansa- Buddhist festival.

Also, the geographical location of Thailand is almost in the center of South East Asian Countries making it a prime factor for investment in real estate sector – Commercial and residential.

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  • By Anupama |
  • Aug 05,2017

Impact Of RBI`s Repo Rate Cut On Real Estate Sector

The investment by domestic and foreign institutions in residential real estate projects like - apartments, independent houses, and townships, has been more than double, then what was done in the commercial projects.

As the investment in residential real estate has always remained the most favored segment for asset creation in India. The first half of this year has already attracted 56% of the overall investment in the residential real estate sector.

Experts are asserting that the continuous efforts on reforms in the real estate sector policies, is helping in building confidence among the institutional investors and middle-class home buyers.

The tough steps taken by the government against corruption through the implementation of - RERA, Goods and Services Tax (GST), Demonetisation and Benami Property Act is making the whole ecosystem of the economy more transparent and is showing positive effects.

Also, the growing middle-class population in the country is increasing the demand for homes which are affordable and sustainable. It is estimated that the boom of the residential sector will continue for the next 20 years and it will attract more capital than the commercial/ office real sector space. It is observed that there have been more equity-oriented deals in residential spaces than by debt.

On the 2nd of this month, the Monetary Policy Committee (MPC) of the Reserve Bank of India reduced the repo rate (short term lending rate) by 0.25 basis points to 6% (this is a 7 year low). This will assist in increasing the affordability of home buyers and is expected to enhance the demand in the housing sector. Also, with the starting of the festive season, in which several housing projects are launched, this move is surely going to impact the real estate sector very positively.

The developers and builders are expecting that the banks will pass this rate cut by lowering their interest rates on home loans. With a stable government at the center and majority in its hand - is pushing more policy reforms in all sectors of the economy, to make it more transparent and attract more global investors. The positive impact of this had been already witnessed after the implementation of GST.

The Real Estate with undergoing transformations through RERA, push for affordable housing and Real Estate Investment Trust (REITs), the domestic investors are also showing more interest in this sector.

Considering the new reforms, a rate cut of 25 bps, a good monsoon in progress, stable inflation numbers and favorable global environment and the overall surge in industry sentiments, a healthy lending rate would provide the much-needed thrust to propel India's growth story.

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  • By Anupama |
  • Aug 02,2017

What Are The Penalties For Non-Compliance With Different Provisions Of RERA?

The RERA - Real Estate Regulatory Authority Act, primarily formulated to bring transparency, accountability and to infuse trust in the Indian buyers for the realty sector.

The RERA has set up the rules for builders or developers to launch any project. They have to follow, all pre-launch and thereafter, project related procedures and seek the prerequisite timely approvals for it. They are:


• The project should have received all requisite approvals before being advertised or sold
• Each unit should be sold on the basis of carpet area and not as per built up area.
• Disclosure of information related to sanctions, project completion timeline and master plan
• A separate Escrow Account for each project should be maintained with 70% of funds as advanced deposits

The buyer can go ahead to purchase any property if above-mentioned criteria are met by the builders for any project.

The RERA has empowered the home buyer to take legal action or can seek redressal in different scenarios in the real estate property buying process, such as for


• If the builder/agent has not registered the advertised real estate project with the state’s regulatory authority
• The builder / agent has presented an incorrect or false information to the regulator or contravenes any provisions of the Act
• The builder / agent insists on charging on built-up or super built-up area
• The builder alters the building or apartment plan without seeking consent of two-third of the total allottees of the project
• The builder / promoter fails to deliver the project within the scheduled timeline
• The apartment / property / building, witnesses structural defects within five years from the date of possession

Implication of Non Compliance with RERA Rules

All stakeholders of any project - builders, developers, promoters, agents and buyers, have to follow RERA rules otherwise, they have to bear the penalties of non-compliance from the regulatory body. The various cases in which the builder, promoter, agents, buyers can attract penalties are:


The promoter has to register the project as per the Act otherwise, will be liable for a penalty of 10% of the estimated cost of the project. A continued violation of the rules can attract an imprisonment of up to 3 years or both.


The RERA holds the right to revoke the registration of a project, builder, promoter or agent (only after giving 1 month prior notice), if they default in keeping the rules of the Act, violates any of the terms and conditions of approval as given by the competent authority or is involved in any kind of unfair trade practices.


If any false information or contravene of any provisions of the act, is provided to the authority by the developer or agent, then they will be slapped with a penalty of 5% of the project cost. Any failure in complying with the orders of the Appellate Tribunal would increase the penalty to 10% of the project and may even lead to an imprisonment of up to 1 year.


If the project is delayed and the home buyer wishes to withdraw from the investment, then the promoter must return all the funds collected so far along with the interest, as prescribed in the act as arbitrated by an adjudicating officer.


If the homebuyer wishes to stay invested in the project even if it is delayed, then the promoter must pay the interest for every month of delay as compensation.


If the buyer finds a structural defect in the project within the 5 years from the date of possession, then the promoter will have to rectify it within the span of 30 days from the date of filing of the complaint. The promoter will not charge any additional charges on the allottee. If the promoter fails to do so, then the allottee is entitled to seek relevant compensation as mentioned in the Act.


The allottees, too, will be liable to a penalty of 5% of the cost of property, if they fail to comply with or contravene any order, decisions or directions of the authority.


If the allottee's payment is delayed, then, he too is liable to stringent action under the Act. The allottee is liable to pay a similar monthly interest as compensation to the promoter if they default in making timely payment of installment. A continued violation gives the promoter a right to terminate the allotment of property and refund the amount collected after deducting the booking amount and interest after issuance of notice to the allottee.


These are some of the important points of RERA Act, of which the buyer should always be cognizant, before purchasing any real estate property. The RERA has given more powers to the consumers to utilize its legal options, whenever he/she feels being cheated by the developer or agents of real estate sector. The act surely help in building more trust and accountability on both parties (builder and buyer) in long run.

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  • By Anupama Meshram |
  • Jul 28,2017

What Is The Real Estate Regulation Act (RERA)?

A lot of hue and cry on RERA has been made in news and media. Now, let us understand what exactly it is, and its real implications on builders and home or property buyers.

What is RERA?

Real Estate Regulation and Development Authority Act which is popularly known as RERA came into execution on 1st of May 2017. Last year in March, both houses (Rajyasabha and Loksabha) passed the bill and after various amendments to the regulation, the draft was formulated and subsequently implemented on May 1, 2017.

RERA is basically, formulated to protect or safeguard the interest of residential property buyers and to infuse accountability and transparency into the real estate sector, which is usually unregulated.

After the enactment of this stricter regulatory rule, all real estate sector builders and developers (mainly residential) have to upgrade and recalibrate their business practices accordingly.

What are the provisions included for registration of real estate projects?

As notified by the Government of India, the important key provisions of the Act are,


• It is mandatory for all residential and commercial real estate projects of larger than 500sq m or 8 apartments, to get registered with their respective state's RERA authority before it is launched.
• The real estate agents, who are in purchase or sale of the real projects, have to register themselves with the authority.
• The running projects which are without CC (Completion Certificates) will have to file for registration within 3 months of the commencement of the Act. Within 30 days, the authority will either accept or reject the application. After acceptance of the registration request, the developers have to furnish all the relevant details about the project to the RERA's official website.
• If the body fails to register a project within the stipulated time, then the project will be penalized with 10% of the total project cost or the developer will face imprisonment of up to 3 years.

How RERA promotes transparency in the real estate sector?

RERA requires all builders to submit original and approved plans for their running / ongoing projects to the regulatory authority, including details of any subsequent modifications. In addition, they will have to provide details of the revenue collected from the buyers / successful tenderers and the utilization of the funds, together with the construction, completion and delivery deadlines certified by an engineer, architect or a certified CA.

In order to have all residential buyers to make an informed decisions, real estate regulatory authorities will need to ensure the publication / release of information regarding each builder's profile, litigation details, track record, advertisements and projects prospectus, plots and apartment details, information of Registered agents, promoters and consultants, layout plans, approval status, etc.

In addition to this, maintenance of a separate Escrow account by the developer for each project which allows the use of (70% of )funds collected from a particular project to be used only in that same project.

What is a RERA compliant Project?

Every homebuyer or any realty sector buyer should know this before proceeding to make a deal.

• Before advertising and selling any project/property, it should have received all requisite approvals
• Details regarding the completion timeline, sanctions, and master plans should be disclosed
• Each unit should be sold as per the carpet area and not as per the built-up area.
• It is important for a promoter to have a separate Escrow account for each project and should maintain 70% of funds as advance deposits

RERA regime is going to have a far-reaching effect on residential developers. It actually gives more importance to the realty customers and empowers them with legal rights to have more value for their money and investment. It also helps in building trust in the realty sector which ultimately leads to a more strong economy.

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  • By Anupama Meshram |
  • Jul 25,2017

GST Regime Beneficial For Real Estate Buyers

GST Regime - Beneficial for Real Estate Buyers

The launching of GST is one of the biggest tax reform in India after independence. It replaces the complex and multiple taxes levied by the state and the central governments on the end consumers. It is to subsume all the indirect taxes like central excise duty, VAT (Value Added Tax) – calculated on material cost, commercial tax, service tax (calculated on labor or service) and octroi charges/taxes. The predominant philosophy of GST is 'One Nation, One Tax'.

The overall benefits for the economy will be:
• Easy compliances
• Create a uniform tax rate and structures
• Elimination of previous cascading tax structure
• Helps in reducing additional tax burdens on consumers
• Widening of the tax base
• More tax collection

The two most crucial points of the GST are:

The introduction of Input Tax Credit, in which the credits of input tax paid at each stage of the production or service delivery, can be availed in the further stages of value addition. Due to this, the end consumer will bear only the GST charged by the last dealer in the supply chain, meanwhile, it will have all the benefits of the earlier stages.

To make sure that the developers, manufacturers and service providers pass on the benefits to the end consumers, an Anti Profiteering clause in the GST Bill under section 171 of GST law is made. This makes them mandatory to pass on the benefit of tax reduction due to input tax credits to the final customers.

The implementation of GST will bring significant transformations in the real estate sector of India, in coming times.

RERA:

Along with the GST, another unprecedented move in the history of Indian Real Estate property sector is the enactment of latest Real Estate and Regulation Act (RERA). It has already started addressing the issue of non-transparency and enforces a level of accountability on the real estate builders and brokers. For Residential property sector buyers, this will definitely act as a positive sentiment booster. This will subsequently benefit all the Residential real estate sector stakeholders.

Benefits to Buyers:

Simple & transparent taxes are applied to the property purchase price. The under construction properties will be charged at 12%, which is lower than the ready-to-move-in houses or projects.
• The buyers (consumers or builders) have to pay only a single tax on the materials and labors.
• There is no GST for Affordable housing projects which come under affordable housing schemes.
• The multiple taxations occurring, in tax cascadation during the transportation and in the logistics are reduced in the present GST regime.

Conclusion:

There might be a marginal impact on the real sector in the short term due to a lot of confusions and implementation hurdles. But in the long term, future prospects are definitely bright for Real Estate sectors as the trust quotient of consumers/property buyers, on the builders and construction sector will improve.

The combined effect of simplified tax structure and the accountability affixed on the real estate developers, fixed at every stage will surely bring, cheers to both buyers and builders in the long run.

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  • By Poojitha |
  • Jul 24,2017

GST Impact On Real Estate Industry

Introduction:

The Goods and Services Tax or GST was rolled out on the 1st of this month by our honorable President and Prime Minister of India. The aim of this new tax, GST is to transform India with its - "One Nation, One Market, One Tax" principle. This simple tax is replacing a large number of indirect taxes, which were levied on a variety of goods and services.

Its implementation has created a lot of confusion in the entire nation with respect to the price of various commodities (goods) and services. The reason for this is, before the 1st July 2017, a host of taxes were levied on various items such as sales tax, service tax, value added tax (VAT), customs duty, octroi, excise duty etc. Some of these taxes had different values in different states since they come under the jurisdiction of the state or were shared by both state government and central government. For example, manufacturing tax (excise duty) is levied by the central government which is almost uniform in the country, but sales taxes, which are levied by a state government is different in different states.

Subsequently, GST is touching every sector of the economy and its implementation is producing ripples in various segments - Real Estate, Agriculture, Manufacturing, IT, etc.

Impact on Real Estate:

The Real Estate Sector in India is one of the most important sectors of its economy. It ranks second in employment generation after agriculture in India. It contributes an average of 5-6% of GDP and also stimulates demand in a large number of ancillary industries.

With time, the implementation of GST is expected to generate a positive effect on realty sector. Currently, the sale of land and building, have been kept out of GST ambit. It is seen that it will revive the buyer and investor interests, by bringing more transparency in taxation and will minimize unscrupulous transactions. This will assist in improving the market of real sector and is said to act as a sentiment booster.

The GST also helps in revamping its supply chain mechanism. Before GST, a Contractor had to pay service tax, excise duty, octroi, entry tax at the time of procurement of the materials. These all are replaced by GST and will help in increase of the margins of the Developers and Contractors. The main benefit comes from the construction of land and building as the cement, iron, and bricks are charged with reduced taxes. The logistics cost of transportation of cement, bricks, and iron is reduced through the subsuming and streamlining of the taxes. The contractor may transfer this benefit to the property buyers or the end consumers to increase the sale.

The cloud storing of invoicing during procurement of materials in various stages of construction will also help in recording all real estate projects running in India. After the launch of GST, the number of property searches in Hyderabad's residential category has seen a jump of a third in the past one year, because of availability of properties at desired price ranges and expected improvement in regulatory policies. The properties which are priced below Rs.80 lakhs has seen the highest number of searches in the past 1 year. While the searches for luxury properties, which were priced at Rs. 1.5 crores, had seen a marginal growth as against a flat growth in the number of searches of properties in other metro cities of the country.

Conclusion:

The GST impact on real estate is expected to be positive in the long run, as it will bring a lot of transparency and accountability in the projects run by different contractors and developers in India. The sub summation of many taxes with the GST will increase the profits of Contractors and it can surely be transferred to the consumers or property buyers, to increase the sale.

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  • By Avinash |
  • Apr 21,2017

Demonetization Impact On Real Estate

Due to demonetization in india on Nov 8th 2016 hits a huge impact on every sector and majorly effects on real estate sector. This move by our PM Modi government could bring a big impact on the country. The drive against black money and corruption may well be a masterstroke to everyone and everyone knows that a lot of black money goes into the real estate sector. So , let us consider some of the impacts that strike Indian real estate.

Will buying a house become affordable?

The government’s decision could dry up black money inflow into the real estate market. This would get rid of cash transactions that are unaccounted for real estate sales. This sector deals with significant amount of cash on a daily basis. So, the sudden withdrawal of higher-denomination notes may have a short-term impact on developers. Property prices could dip in the near future as demand falls. Most buyers will avoid paying in cash at least for the next two months. The demonetization move to curb illegal money could get support from implementation of the Real Estate Regulation Act. That means the Indian property market could witness a significant fall in price. This could make it easier for regular people to buy a house.

Impact on real estate:

The decision will have a huge impact on real estate as the sector deals in large amount of cash. Cash transactions allow developers to save on tax. Buyers get to save on stamp duty. People invest in real estate to exhaust their unaccounted cash. Now, with fewer potential buyers in the property market, the sector could see a short-term slump. Reputed builders and the primary property market may not feel a major pinch. That is because their transactions go through banks. But in the resale property market, small and unorganized builders may see a major impact. That is because their transactions involve higher reserves of cash.

Impact on home loan interest rates:

As more legal cash enters the banking system, the volume of bank deposits will increase. Higher deposits would result in more lending by banks. As lending increases, the interest rate charged may come down. A cut in the repo rate by the Reserve Bank of India last month already brought down the home loan interest rate. Now, with the ban on higher-denomination notes, loans are likely to become cheaper still.

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  • By Poojitha |
  • Apr 21,2017

What Is Builders Aspect?

Demonetization was so one in all the most well liked topics that stirred the Indian population throughout the forth quarter of 2016. It absolutely was the right move by PM Narendra Modi to curb the pile-up of black cash during this sector. The sale of realty came to a unexpected halt when the termination pass on  8th November, 2016. However, several realty specialists have recommended that this compile of inventory owing to low sale would lead a downfall within the property worth within the year 2017. In fact, this move would additionally create the transactions in realty a lot of clear and transparent.

The real estate sector is that the one wherever most of India’s black cash is invested with, and with this termination move, there would be a correction within the worth during this sector. Aside from that, people would additionally like investment their hard-earned cash within the primary sector which too that is developed by well-known and sure builders.

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  • By Poojitha |
  • Apr 21,2017

What Is Real Estate Trends In 2019

Residential real estate which was already seen a downfall because of low confidence of consumer and slow sales as because of separation and share market value and has taken the brunt of many policy announcements this year. Due to real estate regulatory act and demonetization introduction, the newly launched and sales became static as both home buyers and developers are in a wait and watch mode, however, there are top ten locations in India that are set to become the residential hotspots in this year. Telangana has been growing rapidly in the real estate sector after hitting a stagnation point caused by the bifurcation of Andhra Pradesh. Hyderabad is filled with several residential apartments and commercial complexes. However, there are many who prefer to buy plots for a good investment or to build homes.

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