6 compelling reasons to own a spacious 3BHK independent builder floor costing Rs 1.5 crore in Hyderabad!
6 reasons to own a spacious 3 BHK independent builder floor under Rs 1.5 crore in Hyderabad! The debate over owning a 3BHK ‘apartment’ versus an ‘independent house’ is a long-standing one. Over a period of time, more and more people in Hyderabad, as well as the world over, are realizing the benefits of buying an apartment. Plus, with options like ‘3BHK independent builder floor’ homes, the option of apartment living has become even more interesting. These ‘3BHK independent builder floor’ are offered in a 5-storey configuration, with 5-floors that are meant for only 5 discerning families in Hyderabad (as per GHMC norms). These exclusive, yet independent floors are part of a ‘standalone building’ built on 400 to 700 square yards of residential plot. They usually come with all the relevant amenities like elevator access (lift), and power backup. Localities like Sainikpuri offer these in the range of Rs 1.5 crore. These ‘one apartment per floor’ homes give you the benefits of a SPACIOUS bungalow at a very attractive price point. When deciding which one to buy, you need to weigh the pros and cons of both an ‘independent bungalow’ versus ‘apartments’ (regular as well as ‘exclusive-floor’ apartments). Once you do that, you are likely to discover the overwhelming pros that owning an apartment, especially a standalone apartment offers. Let’s look at 6 reasons why you should consider an ‘exclusive-floor apartment’ instead of an independent house in Hyderabad. 1. Easy Maintenance One of the top reasons to buy an apartment is the ease of maintenance with the collective bargaining of 5 families living in a standalone building with 5 luxury apartments. With systems and processes in place, you don’t have to worry too about maintaining a property where you have 5 neighbours who share the same building as yours. Your burden of ‘action items’ on upkeep and maintenance becomes minimal. Collective building ownership helps you share the responsibility for all repairs, security, work, preventative maintenance, and other costs. With the collective strength of living in an exclusive floor, with like-minded neighbours coming from similar backgrounds, the maintenance becomes so much easier. Even if you have to collectively pay a hefty fee, by sharing the costs, the task, as well as costs, become manageable. 2. Save Money While buying an apartment, and not the entire bungalow, your costs go down drastically. The big picture becomes clearer when you look at the needs of each family member. They all want space, privacy, luxury coupled with an environment where they can blossom. Overall well-being is taken care of, and all this comes at a lower cost. The cost of a healthier life is indeed priceless with an ‘exclusive-floor’ unit, where you OWN THE ENTIRE FLOOR! Cost factor gets lower even while paying for utility bills, the electricity consumption of common-amenities. Being an apartment that looks like a villa, even the air-conditioning costs are much lower as compared to a bungalow. You get all the amenities and benefits of an apartment with much lesser civic taxes, and the other building-related maintenance and housekeeping costs. 3. Increased Safety When considering the pros and cons of an exclusive apartment versus an independent house, safety scores a big point in favour or an apartment. Living in a multi-unit dwelling like ‘3BHK independent builder floor’ gives added security for your family that you can’t get within an independent home/bungalow. The proximity of neighbours within the standalone building also makes you feel safe. Increased safety and automation security features make exclusive-floor apartment living perfect for families with children and elders. Those who just want peace of mind can get it easily with exclusive-floor apartments. 4. Relevant Amenities & Location-advantage Amenities like elevator access to each floor, power backup that come with apartment living are hard to beat. With exclusive floors usually located with convenience right outside your doorstep, they offer many perks that you don’t usually get in most independent bungalows. Unique advantages of location include access to social infrastructure, shopping hubs, educational institutions, healthcare facilities etc. For instance, in a ‘3BHK independent builder floor’ apartment in Sainikpuri, you get an upgraded living with bountiful nature and excellent infrastructure all around you. 5. Quality Time One thing that an exclusive-floor apartment gives you, besides saving you money, is the QUALITY TIME that you spend in the years ahead. The more quality time your family spends at home, the better it is. This gift is truly worth it! While you can always make money in life, getting to spend ‘quality time’ with your loved ones and your own self is an invaluable gift! Having a lifestyle that gives you the gift of quality time truly is priceless. A 3BHK independent builder floor apartment offers you just that! 7. Community Feel The opportunity to be like a close and well-knit community is the reward of owning an exclusive-floor apartment in a standalone building. With close proximity to your neighbours living on the other floor, apartment living creates a better community bonding. By celebrating festivals, occasions and parties together, every family in the standalone building gets a chance to come together, and get to know each other. Living in an ‘exclusive-floor apartment’ makes life easier. Plus, you’ll have peace of mind knowing you’re making the right decision for your family by buying it! To quote Jerry Kramer- “Every decision is easy once you make it. The important thing is to think carefully, make your decision, and then work to make your choice the right one. That is the secret to a happy life. There are very few wrong decisions in life, but very few people who are willing to make the effort it takes to make their decisions the right ones.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about ‘Regular 3BHK flats’ Vs. ‘One apartment per floor’ 3BHK units in standalone buildings… Click here
3BHK ‘exclusive floor apartments’ in SAINIKPURI costing approximately Rs 1.5 crore being preferred over independent bungalows!
3BHK ‘exclusive floor apartments’ in SAINIKPURI costing approximately Rs 1.5 crore being preferred over independent bungalows! An independent bungalow in Sainikpuri spread over 400 square yards of residential plot, and approximately 2300sft in the built-up area could cost over Rs 3 crore. On the other hand, an ‘independent floor apartment’ costs almost half of that price at approximately Rs 1.5 crore including registration. 1. What makes an independent floor unit attractive? In terms of super-area, you get the same area- 2300 sft or more The sense of spaciousness is same, and in fact is better when you opt for an apartment since you are at a height (anywhere between 1st to 5th floor), with better visibility of the skyline of Sainikpuri With balconies around your independent-home apartment, you get a better sense of SPACIOUSNESS With direct access to your floor via elevator (lift), you get a superior feel of luxury Access to power back-up option makes it attractive, which is to be paid for separately in case of an independent bungalow Better affordability of relevant amenities: The COLLECTIVE power of 5 families living together makes it easier to manage and afford amenities like elevator, power back-up, security, well-managed security system (guards), water and electricity arrangements…and much more No wonder, the Rs 1.5 crore ONE APARTMENT PER FLOOR 3 BHK units (2200 sft or more) in Sainikpuri, Hyderabad are now receiving lot of attention from home buyers! 2. Is an ‘independent bungalow’ option in Sainikpuri losing its appeal to those seeking MORE VALUE-FOR-MONEY? The answer is a BIG YES!! There is a segment of home-buyers who want ‘same for much less’. This segment knows that it’s eventually the home that you live-in, and it the SPACE INSIDE THE HOUSE THAT MATTERS! The ‘one apartment per floor’ homes are constructed on plots admeasuring 400 to 700 square yards, where you have a 5-storey building with 5 homes. Each home on each floor is owned by ONE FAMILY. This caters to the most important factor of PRIVACY and Vastu-compliant spaces which are 100% available to ONE FAMILY- just like an independent bungalow! Not having to spend more on buying a residential plot, and then constructing an independent bungalow becomes suddenly sensible with these ‘ONE APARTMENT PER FLOOR’ options available in Sainikpuri, Yapral belt. 3. What do VALUE-FOR-MONEY-CONSCIOUS & LUXURY-CONSCIOUS home buyers gain out of an ‘exclusive-floor’ in SAINIKPURI? These home-buyers know that ‘independent floor units’ are big apartments where you OWN THE ENTIRE FLOOR, and you have NO neighbours on the same floor. Many home buyers with a budget of up to Rs 1.5 crore are considering OWNING A BIGGER HOME upwards of 2200 square feet in Sainikpuri. Plus, these home buyers want a ‘low-population density’ locality. Being less crowded is something that’s uniquely attractive about SAINIKPURI in Hyderabad! An ‘exclusive floor apartment’ in Sainikpuri gives the following to a potential home-buyer: a ‘one apartment per floor’ residence crafted by a professional builder with super structure, high-end specifications, and professional construction-rigour a good location in a low-density area with access to reliable social infrastructure more space, more privacy, and relevant amenities even if price-point that’s much lower than the cost of an independent bungalow superior ventilation, more natural light, pandemic-ready architecture that is Vastu compliant exclusive spaces for fitness, and socialize lesser visitor influx, and sense of exclusivity with lesser number of families residing in a building direct access to spacious lifts being used by very few people efficient floor-designs, work-from-home and study-from-home spaces inside the apartment higher social status and upgraded lifestyle by residing in the stunning green-cover of Sainikpuri the assurance of healthy ‘return on investment’ by owning a property located in SAINIKPURI These expectations give a clear picture of the changing needs of home buyers who seek a sense of spaciousness, greater social connect, a superior lifestyle quotient, and discernible luxury for their family! All this is possible with ‘exclusive floor apartments’ being offered at a compelling price-point of less than Rs 1.8 crore in the posh locality of Sainikpuri! Value for money scores a major point with ‘one apartment per floor’ residential offerings in Sainikpuri, Hyderabad. To quote Jennifer Lawrence- “I was raised to have value for money, to have respect for money, even though you have a lot of it.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about ‘Regular 3BHK flats’ Vs. ‘One apartment per floor’ 3BHK units in standalone buildings… Click here
A dream-home in Sainikpuri: ‘Rs 2.8 crore bungalow’ versus ‘Rs 1.4 crore exclusive-floor apartment’
A dream-home in Sainikpuri: ‘Rs 2.8 crore bungalow’ versus ‘Rs 1.4 crore exclusive-floor apartment’ In the stunning environs of lush-green Sainikpuri, Hyderabad a home-buyer who wants a discerning lifestyle can choose between TWO equally amazing options- Option ONE- Independent bungalow built on a residential plot of 400 square yards, 2200 sft 3BHK residence Option TWO- Exclusive floor apartment– where you own the entire floor of your 2200 sft 3BHK home. The home-buyer, in this case, is one of the five residents who live in the 5-story building meant for 5 families (as per GHMC norms) Cost of these 2 home-options in Sainikpuri INDEPENDENT BUNGALOW- Rs 2.8 crore as per calculations given below EXCLUSIVE FLOOR APARTMENT- Rs 1.4 crore as per calculations given below ‘One apartment per floor’- the ‘cost & lifestyle’ advantage These floors constructed in Sainikpuri are usually built on small-sized residential plots admeasuring 400-700 square yards in Sainikpuri- the beautiful, well-connected, yet a low-density locality! The ‘one apartment per floor’ unit in Sainikpuri costs almost HALF as compared to constructing an independent bungalow in the locality Instead of spending over Rs 2.8 crore, you gain access to all that Sainikpuri has to offer at an undeniably low price of Rs 1.4 crore, but with high social-status offering Constructing an independent-home is a tedious process that requires high-involvement, time and high-energy from the dream-home aspirant One the other hand, the ‘one apartment per floor’ exclusive homes are constructed by builders in an area like Sainikpuri. The process is hassle-free, especially if you get a professional builder to take the worries off your mind! These ‘exclusive floor’ apartments in Sainikpuri locality come with modern amenities like access to your floor by elevator (lift), power-backup genset, security etc. With a professional builder making these ‘exclusive floors’ you get the professional advantage of having a sturdy structure with high-end specifications and good-finish besides an efficient floor-plan to cater to family needs The advantage of ‘community living’ with four neighbours around you is a blessing! You get the benefits and feel of a ‘villa living’ at half the price, since you own the entire floor, and have complete privacy on your floor, with no neighbours on the same floor to invade into your freedom Living in Sainikpuri in an ‘independent floor’ with amenities like elevator (lift) and power back-up besides high-tech security features gives you a luxury feel With well-being and surroundings of Sainikpuri is in itself a luxury that a home-buyer can gift to one’s family. Of course, the choice of whether to go for an independent bungalow or an ‘exclusive floor apartment’ lies with the home buyer! Regardless of the choice of dwelling-unit, ensconced in the lap of mother-nature, living in Sainikpuri is in itself a luxury! To quote Mark Twain- “Mere life is a luxury, and the colour of the grass, of the flowers, of the sky, the wind in the trees, the outlines of the horizon, the forms of clouds, all give a pleasure as exquisite as the sweetest music to the ear famishing for it.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
Hyderabad housing boom to continue smoothly into 2022
Hyderabad housing boom to continue smoothly into 2022 The homebuyers in Hyderabad are continuing to line up to purchase 3BHK and bigger homes, and the trends seem positive as we move towards 2022. In the post-COVID era, the demand for bigger, spacious, and more space-efficient homes has gone up! Instead of seeking smaller 2 BHK units, the home-buyers are finding more sense in seeking 3BHK dwelling units. Hyderabad has witnessed a rise in demand for the Rs 1 crore to Rs 1.4 crore housing segment over the last 18 months. Besides gated-community apartments, the standalone building apartment segment offers very attractive deals- especially, considering the SPACIOUSNESS and low-density lifestyle. The demand for the spacious ‘one apartment per floor’ independent homes (upwards of 2200 sft) has really shot up in the Rs 1 crore plus price range. Demand for plots and villas are soaring, however, the apartment segment attracts the value-conscious buyers who: …want to spend on buying more space inside the home rather than spending on amenities that may not be used by the family members on a regular basis, …are looking for relevant amenities like power back-up, security, and access to their chosen—floor by lift (elevators) …want a more healthy and clutter-free living environment (surrounded by greenery) for the overall mental and physical health for their family members Highlights on the housing segment of real estate in Hyderabad Since the beginning of 2021, the city of Hyderabad has recorded almost a 50% jump in annual residential sales as compared to same time-period in 2020 To share some figures: July, August, September (Quarter 3 of 2021) saw a record 15,000 plus residential units launched in the gated-community segment. The numbers are much more than this, since the standalone building segment is also equally high In July, August, September (Quarter 3 of 2021), over 6500 residential units were sold. This is not only 100% higher than the sales that happened in 2020 in the same time period, but also the highest ever in the last 5 years The mid to high segment of residential unit sale happened to be over 75% of the total residential units. This segment comprises of: Rs 65 lakh to Rs 3 Crore range. This means that more and more people are buying properties that are above the Rs 65 lakh range Gated community builders are left with minimal inventories, which means that Hyderabad has the most efficient inventory hangover across India Inventory of apartments in the range of Rs 3 and 4 crore (or upwards) in and around Madhapur are also almost SOLD-OUT which is a positive sign for the real estate industry in Hyderabad Hyderabad is also turning out to be the most preferred location for investment by the Non-Resident Indians. NRIs are investing in open plots, vacation homes, and high-end apartments in prime localities. Some of preferred localities that those that are closer to nature like Sainikpuri and Yapral. Properties in Sainikpuri and Yapral are being picked-up since the prices in these areas is very lucrative for the time being Why will Hyderabad continue to flourish? The main reasons for the growth of Hyderabad as a preferred destination for both resident and non-residents Indians alike- 1) terrific infrastructure, 2) the people of Hyderabad, and 3) a business-friendly environment. Terrific infrastructure: The GHMC and the State Government have an active role to play here. The city is growing and every 6 months you get a different and better picture of Hyderabad. The cleanliness or civic amenities are constantly improving Fabulous people: There is nothing that can be said to impress upon the cosmopolitan and inclusive nature of the people of Hyderabad. It just feel amazing being amidst fun-loving, friendly, helpful and peace-loving people of Hyderabad A business-friendly environment: Clearly, the reason why Hyderabad is preferred as a location is the policies of the State government. The State government has implemented innovative policies to encourage investments in the economic development of Telangana. This obviously creates, and employment fuels overall prosperity and happiness across the State Overall the real estate sector is on a growth path in Hyderabad, and owning a beautiful home in the beautiful city of Hyderabad can only bring unprecedented joy! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
9 reasons why children will love living in a ‘one apartment per floor’ 3 BHK residence!
9 reasons why children will love living in a ‘one apartment per floor’ 3 BHK residence! Buying a home that you can call your own is a blessing. While evaluating home options, every home buyer thinks about the future generation, especially, children for their well-rounded development. A home is one which helps create a well-rounded personality and gives the perfect environment for a flourishing and impressive personality. The best environment for children to grow up closer to nature, access to fresh air, an abundance of sunlight inside the house, surrounded by grass, trees, birds, and wind. There are many builders who are constructing such 5-storey buildings in colonies that are high on green-cover and superb on social infrastructure. For instance, the locality in and around Sainikpuri and Yapral boosts of unprecedented green-cover than even the best of gated-community projects cannot offer! The ‘one apartment per floor’ option stands out as one that is truly ideal for children in many ways. These ‘exclusive floor apartments’ are spacious 3 BHK units admeasuring over 2200 sft. These units can cost anything between Rs 1.3 crore to Rs 2.5 crore, depending on the location and specifications. For instance, an exclusive independent-floor apartment w These exclusive homes are constructed over smaller residential plots admeasuring between 400 square yards to 2000 square yards located across Hyderabad. Places in Hyderabad like Sainikpuri or Yapral are replete with bountiful nature all around to give the best possible natural surroundings for children’s development. Why would children love living in ‘exclusive floors’ Thrill of owning the entire floor– Owning the entire floor means that you do not have neighbours on your floor. The moment you exit the elevator, and step into the corridor of your floor, the entire floor is occupied only by ONE FAMILY- YOURS! With no common walls, no neighbours to invade into your privacy, and no restriction on free-flow of natural light and cross-ventilation, these independent floors are a precious gift for the overall development of children. Rather than getting into elevators with too many residents like in gated-community, you have your own private spaces with much less human-population around you in these exclusive-floors Luxury– This is a PREMIUM segment. These includes elevator access, power back-up, ground-floor exclusive parking, high-end specifications that go into the making of the apartment. With amenities like elevator access (lifts) going to each floor, these ‘exclusive & independent floors’ feel truly luxurious. Plus, being spread over 2200 sft in super built-up area, the homes are truly spacious for better all-rounded growth of children. Space in itself connotes luxury, besides the sense of pride that would have a positive impact the lifestyle and health of your children! Peace and tranquil– We would all want to give our children a home that soothes their senses with comfort and peace of mind Feeling of well-being– Well-being is the natural outcome of when you home is actually spacious, and not suffocating. Children need enough room to play for their physical and mental growth. This is not possible with small apartments Scope to play– With a spacious luxury home with 3 bedroom, living, dining, open-kitchen and other rooms, you can create adequate play-areas for your kids inside you exclusive home itself Natural surroundings– When surroundings are positive with your family and a set of neighbours. Tranquil, pollution-free, noise-free environment is best for children. With such a home, you get a sense of positivity, love and care which is ideal for children Adequate privacy– Children in the house need privacy to grow up as young teenagers and even later. Privacy allows the children to be better prepared when it comes to studying. It is considered healthy during adolescent growing years. Privacy is an important element for a clear-headed development of youngsters. Family members get their own space that allows them to flourish mentally and physically Social-connect– With a spacious home, the children get better spaces to connect well with the elders as well as siblings. ‘Spaciousness’ with inter-connected living, dining and kitchen area that makes for excellent convertible spaces for various physical and intellectual activities. This is healthy for children Spaciousness that’s simply enriching– Adequate storage space that allows you more floor-space as years go by. This gives you mental and physical respite for years to come. A spacious home allows your children room to play, grow and remain energetic. A spacious ‘independent floor’ also lets your children engage in activities such as reading, study, creativity and keep themselves entertained Better mental health– Spacious bedrooms allow for work-from-home and study-from-home flexibilities. This allows children to indulge in noisy activities like watching television, playing indoor games, exercise, loud talk, free expression without being scared of being overheard by neighbours etc. Better physical health- With more spacious apartments, you can create work-out/yoga/exercise spaces for your children. Only if you have space, can you keep equipment at home, and become free from the worries of hitting a gym and struggling with traffic and parking woes These are some of the positives that children will simply love with you owning an ‘independent floor apartment’. Outdoor activities are also possible with residential colonies like Sainikpuri, where you can actually stroll out for an evening walk. With many parks spread over sprawling acres, the overall well-being is taken care of. In a nutshell, a child needs the most ideal prenatal, physical, socio-cultural, learning, and emotional environment to grow up as a well-blossomed adult. For that, an independent residence on the floor in localities like Sainikpuri in Hyderabad surely is the best recipe for children’s overall well-being! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
What makes ‘standalone building apartments’ lucrative to home-buyers in Hyderabad?
What makes ‘standalone building apartments’ lucrative to home-buyers in Hyderabad? Buying a home is blissful as you get a place that you can call your own. While evaluating home options, every home buyer makes a deliberate decision on what’s works well for them. Two alternatives that are often evaluated are- buying an apartment in a ‘huge gated community’ versus buying one that’s part of a smaller standalone building. We need to be sure about our decision before we go for ‘the one’! The deal is finally sealed after a choice is made between a ‘gated community’ versus ‘standalone building apartment’. The decision is made in terms of the extent of luxury, value-for-money, spaciousness, services, security, and several other factors that a home buyer seeks! What is a gated community apartment complex? A gated community apartment complex offers luxurious amenities within an enclosed setting spread across a large land parcel usually spread over acres of land. Residents normally belong to a similar social status, which becomes an important reason for homebuyers to prefer them. The security system is usually tight with every detail of anyone entering or leaving recorded. The added security provides protection and is an incentive to keep the family safe. CCTV cameras are normally installed in every nook and corner to remain vigilant at all times. According to Wikipedia a gated community “is a form of the residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and are often characterized by a closed perimeter of walls and fences. Similar walls and gates have separated the quarters of some cities for centuries. Gated communities usually consist of small residential streets and include various shared amenities.” What is a standalone building apartment? In cities like Hyderabad, ‘standalone building apartments’ are constructed over smaller residential plots admeasuring between 400 square yards to 2000 square yards located in superb locations across Hyderabad- both closer to a place of work or away from it. These smaller, open plots are usually located in well-established colonies which are preferred by home buyers. Logically, the home-buyers prefer only locations that are high on social infrastructure, and also offer a peaceful environment a little away from the noise and air pollution. Example of two formats of ‘standalone building apartments’ depending on budget- A standalone building apartment could be a Rs. 65 lakh high-end 3 BHK apartment in a standalone building in a cluster-living environment (where you have 2, 3 or more neighbours on the same floor). Alternatively, for a more generous budget, a home buyer could buy a spacious 3 BHK ‘EXCLUSIVE FLOOR’ admeasuring over 2200 sft for anything between Rs 1.3 crore to Rs 2.5 crore, depending on the location and specifications. For instance, an exclusive independent-floor apartment admeasuring 2200 sft in Sainikpuri or Yapral could cost approximately Rs 1.5 crore How do ‘standalone building apartments’ stack-up against ‘gated community high-rise apartments’ in Hyderabad? Smaller standalone buildings are being preferred for undeniable advantages they offer despite not being high on amenities A gated community offer more amenities, but they cost more! The buyer is required to bear the cost of additional amenities like swimming-pool, gym, clubhouse etc. which they may NOT even use In a standalone building, the same additional payout is diverted to buy a more spacious apartment for the same money! Gated community apartments in Hyderabad are usually located in far-flung areas. These high-rise apartments are usually far away shopping hubs of that locality. The social infrastructure in and around high-rise gated communities is not well developed. Even if the gated community are located in very well developed areas like Madhapur, these apartments are usually more expensive than their standalone building counterparts Standalone buildings are not only much more affordable regardless of where they are located. They allow much greater all-round flexibility to home buyers seeking multiple advantages, comfort and conveniences 10 undeniable benefits of a ‘standalone building apartment’ Time to possession is shorter because these are usually 5-storey apartments in low-density residential areas. They can be easily constructed and handed-over within 15 to 18 months from launch date The standalone building comes-up in front of your eyes, and you can watch the construction progress personally Location advantage along with access to a well-developed social infrastructure Locations are normally more peaceful, serene, green and safe environments in residential colonies where these apartments come-up Customization is possible as builders are more flexible to suit you specific preferences Specifications and luxury element can be same or sometimes even better than gated-community apartments. This is especially true for apartments where you own the entire floor- ‘One Floor, One Apartment Residences’! Sense of privacy is more, and lesser human movement since the number of visitors are much lesser The security can in fact be more tight compared to gated-community apartment with CCTV cover, and security-guards managed by professional agencies Easy access to markets close-by owing to better social infrastructure A true value-for-money option since you do NOT pay for unnecessary amenities that are offered in gated community apartments The decision of a home-buyer depends on what they seek! The ‘standalone building segment’ is definitely a lucrative and a very sensible alternative to the ‘gated-community segment’!! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
5 MYTHS about ‘standalone building’ apartments in Hyderabad BUSTED!
Is standalone building apartment actually a more lucrative deal? Read on to know more
Hyderabad Metropolitan Development Authority (HMDA) and TS-bPASS – relevance for home buyers in Hyderabad!
Understanding HMDA and TS-bPASS for Home Buyers | Avisun Properties Hyderabad Metropolitan Development Authority (HMDA) and TS-bPASS – relevance for home buyers in Hyderabad! In this article we shall get a basic understanding of HMDA, and the TS-bPASS, plus what they mean for those seeking a dream home in Hyderabad. The idea is to learn a bit about- (i) the civic authority of HMDA, and (ii) about the landmark TS-bPASS system implemented in Telangana. The HMDA The Hyderabad Metropolitan Development Authority (HMDA) was formed by an Act in 2008 with over 7,000 Square Kilometres under its jurisdiction. This is an urban planning body was formed by merging the existing bodies– (1) Hyderabad Urban Development Authority, (2) Hyderabad Airport Development Authority, (3) Cyberabad Development Authority (CDA), and (4) Buddha Purnima Project Authority (BPPA). HMDA was set up to plan, co-ordinate, supervise, promote and secure the planned development of Hyderabad Metropolitan Region. HMDA includes 7 Districts, 70 Mandals, 1032 Villages which also encompasses the Greater Hyderabad Municipal Corporation (GHMC). As per the HMDA official website- HMDA is the second largest urban development in terms of area in India, and is chaired by the Telangana Chief Minister. As per the new master plan the Hyderabad Metropolitan Region the territorial spread includes: i. Tooran along National Highway 7 (North of Hyderabad) ii. Bhongir along the National Highway 202 (East of Hyderabad) iii. Choutuppal National Highway 9 (South-East of Hyderabad) iv. Yacharam along Nagarjunasagar State Highway (South of Hyderabad) v. Kandukur along Srisailam State Highway vi. Shadnagar along the National Highway 7 (South-West of Hyderabad) vii. Chevella and Aloor along Vikarabad State Highway viii. Sangareddy (Medak district) along National Highway 9 (West of Hyderabad) Telangana State Building Permissions and Self Certification System (TS-bPASS) TS-bPASS is a single window approval system for building permissions meant to reduce the hassles for applicants, by simplifying the building permission process. Earlier the system was implemented for structures equal to or less than 500 square metres or 600 square yards, and now has gone up to plots admeasuring 2000 square metres. For the first time ever, self-certification was introduced, and no building plan was needed to be submitted to obtain permission. The applicants are required to simply adhere to the setbacks mentioned by GHMC in the permission proceedings, violations of which would lead to penalisation. In a landmark move, Municipal Administration and Urban Development (MA&UD) issued a Government Order in Telangana to facilitate the poor in the State to buy small plots to construct their dream home. This means that developers are now allowed to develop 60-yard plots in layouts. Salient features of the TS-bPASS Act Under this new Act for HMDA layout approval process, the municipalities and GHMC are required to grant permission within 21 days failing it is automatically granted on the 22nd day Thus, TS-bPASS makes every applicant/citizen responsible. This ensures that they adhere to the building and layout permission rules Implications of TS-bPASS It is important for home buyers to know about these regulations which are a big relief from the past, and helps make the dream home with ease, and comparative peace of mind. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
Standalone building residential flats proving to lucrative option for 3BHK homebuyers in Hyderabad
Standalone building residential flats proving to lucrative option for 3BHK homebuyers in Hyderabad With urban centers becoming more chaotic, home seekers in Hyderabad are increasingly turning to apartments in ‘standalone buildings’ for the location advantage and sense of SPACIOUSNESS they offer. Most of the standalone building projects are located in low-density, established residential colonies that offer better social distancing opportunities and cleaner air. Some of these colonies offer much-needed peace and greenery which creates a serene environment for the residents. For instance, the locale of Sainikpuri and Yapral (in Hyderabad) are pockets of bountiful greenery with the Armed Forces green cover all-around it, making it an extremely clean & lush-green area to live in. Gone are the days that you could NOT expect high-quality construction quality with discernible amenities. The standalone building apartments come are a variety of price-range that includes both mid-range high-end apartments as well as the more-expensive luxury segment loaded with many enviable specifications. For instance, in a place like Sainikpuri or Yapral, the cluster apartment mid-range segment of apartment costs Rs 4000 to Rs 5500 per sft. The luxury homes with superior specifications range up to Rs 6500 per sft within the standalone building segment. So, the higher the price, the better the specifications even in the standalone building segment! It is logical: luxury comes at a price. Gladly, home buyers are increasingly preferring to pay for better specifications of all that is provided inside the home. Standalone buildings are being preferred because home buyers are finding more sense in paying for MORE SPACE rather than paying for amenities that are SHARED (like in gated-community apartments). While the gated-community complexes offer amenities like clubhouse, gardens, walking tracks, spa, swimming pool, etc. they cost more. Plus, not everything is used by everyone in the family. How do standalone building flats measure-up against gated community apartments? The biggest advantage of standalone buildings is that these can be constructed with impeccable finesse within the preferred locales of the city owing to the smaller residential plots needed to construct them. What a home buyer needs to do is to evaluate the past projects as well as the specifications being offered by the builders of standalone properties. With more space and high-end offerings in the residential market, standalone buildings are a lucrative option for 3 BHK homebuyers in Hyderabad. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
Stamp duty and registration charges of a residential property in Hyderabad-basics simplified for home buyers!
Stamp duty and registration charges of a residential property in Hyderabad- basics simplified for home buyers! Stamp duty and registration charges form a significant chunk of a residential property, and budgets need to include these charges as you plan your residential home. Payment of Stamp duty are mandated as per the Indian Stamp Act, 1899, and this validates the sale of the property and maintain a record thereof. The Stamp Duty rate in Hyderabad has been revised to 7.5% (July 2021 onwards) along with a registration fee of 0.5%, besides a transfer fee of 1.5%. Telangana government increased registration charges as well as guideline value for land from July 2021 onwards. Post the state of Telangana came into existence, land value has appreciated. The ‘Guidelines Market Value’ (Basic Value) for registration was last revised in 2013. The lowest value for agricultural lands- INR 75,000 per acre For open residential plots, the lowest value has now been revised to INR 200 per square yard (from earlier INR 100 per sq. yard) The lowest value for apartments stands revised to INR 1,000 per sft (as against INR 800 per sft earlier) Stamp duty rates in the Telangana is still one of the lowest in the country Total stamp duty and registration charges- explained with an example Assumption– residential property in a certain locality XYZ in Hyderabad costs Rs 5,000 per square feet. Let us see how the calculation of total stamp duty and registration charges works out- No plot or house sold in this locality XYZ can be sold for less that Rs 5,000 per sft. Selling above this price is fine If a home buyer purchases a property of 2000 square feet in locality XYZ in Hyderabad at Rs. 5,000 per square feet, the guidance value INR 5,000 x 2000 sft = INR 1,00,00,000 (Rs 1 Crore) Stamp duty at 7.5% of the market value (Rs 1 Crore) = Rs 7.5 Lakh Registration Charges at 0.5% of saleable value (Rs 1 Crore) = Rs 50,000 Total stamp duty and registration charges Rs 7.5 lakh + Rs 0.50 lakh = Rs 8 lakh 6 factors determine Stamp Duty Charges in Hyderabad Age of property Newer properties are more expensive than older ones, and attract a higher charge on stamp duty Age of property owner Older individuals at times get a discount on stamp duty like a senior citizens subsidised stamp duty charge Gender of property owner Women get a subsidised stamp duty charge roughly Nature of property Residential properties attract lower stamp duty charges compared to commercial property Property location Urban properties in posh localities are charged higher on stamp duty as compared with sub0urban and rural localities Amenities Lesser the amenities lower the stamp duty charges Properties with amenities like gymnasium, play area, elevators, spa, swimming pool, clubhouse etc. will attract a higher stamp duty With the above perspective, a home buyer can plan the budget for buying a residential property in Hyderabad. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
