Whether or not to buy your 3 BHK flat in Hyderabad? The time is just right!
Whether or not to buy your 3 BHK flat in Hyderabad? The time is just right! Homebuyer sentiment in Hyderabad is on the upswing. Homebuyers in Hyderabad are increasingly preferring a 3 BHK flat for want of more space, especially, in a post-pandemic scenario. With new residential project launches visible in both ‘gated community projects’ as well as ‘standalone building apartment projects’, 2021 brings all the positive indicators of revival. With measures of COVID vaccination in place, the sense of comfort in the Indian Economy resurging is very positive. The stock markets are the biggest indicators of this fact! The scenario is no different in Hyderabad with home buyers exploring new project sites more than ever! Especially those who are looking for 3 BHK flat in Hyderabad A few indicators which point homebuyers in Hyderabad in the positive direction are given below: 1. New project launches in Hyderabad In Hyderabad, we can see over 100+ new project launches in the 2bhk and 3 bhk apartments in the affordable as well as luxury segment in websites like sqareyards.com, magicbricks, and 99acres Demand for standalone building apartment segment has also prompted builders to offer ‘low-density living’ residential offerings on plot sizes between 400 square yards to 1500 square yards, which give you the advantage of living in good residential colonies that are NOT crowded. Plus, are located in excellent locations across Hyderabad These standalone building apartments built upon smaller plots (400 square yards to 1500 square yards plot size) are able to offer high-end luxury apartments with essential amenities like power back-up, lifts, and parking slots Builders who are invested in standalone building apartment depend on word-of-mouth publicity, local-marketing, and locational advantage to sell their apartments. Most of these are not seen in websites, and this is because they are able to meet the demand without dependence on digital media. Recce of prominent or chosen residential colonies itself indicate the projects of this nature The point is- these ‘standalone building apartments’ are thriving, and more than 90% of the home buyers are keen on these for the ‘unmatched’ advantages they offer. Especially, compared with huge ‘gated community complexes’ that are more expensive, and, usually offer smaller units for the same amount 2. Low inventory overhang in Hyderabad As compared to other cities, Hyderabad boasts of low unsold inventory from the last year (2020) With lowest Inventory overhang, demand for new projects is high. (Note- Inventory overhang is the ‘estimated time’ builders could take to sell their existing ‘unsold stock’) 3. CII-ANAROCK COVID 19 Sentiment Survey As per this survey, home buyers now preferring homes in areas that are not too crowded Young Millennials getting interested in buying a home post-COVID Clearly young home buyers who are in the early 30s are aggressively and clearly thinking about owning their own 2 and 3 bhk apartments in Hyderabad 4. Change in perspective post lockdown Home buying trends in 2021 are getting better, especially with a new found realization about the importance of owning a home ‘Work from home’ and importance of ‘space to move around’ within the house has led to more efficient designs, a departure from an otherwise change-resistant real-estate sector 5. Demand patterns in real terms Demand for 2 and 3 bhk apartments since Q3 of 2020 has gone up 3BHK apartments have received a greater impetus due to the need for bigger, more spacious homes Demand has gone up in both affordable and luxury segment Over 23% of the new launches across 8 major metros (Mumbai, Chennai, Delhi/NCR, Bengaluru, Kolkata) was witnessed in HYDERABAD As per ‘Real Insight: Residential Annual Roundup 2020’, more than 12723 apartments were launched in quarter 4 of 2020 in Hyderabad- the highest in the country 6. Greatest room for appreciation in Hyderabad Investing in a 3 BHK flat in Hyderabad gives you a lot of room for price appreciation compared to other cities This is because Hyderabad as a city us still cheaper than other cities Affordable land parcels are available in Hyderabad Overall cost of construction is lower in Hyderabad This means that the facilities and amenities in Hyderabad also cost less compared with other cities like Bengaluru, Gurgaon, Mumbai The city of Hyderabad is resilient, and the civic infrastructure is only getting better with every passing quarter! With positive indicators all around us, you can safely explore your dream home in the beautiful city of Hyderabad! “Home is the starting place of love, hope, and dreams.” – An anonymous quote ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Buying a 3 BHK flat in Hyderabad? Get the most out of your home!” Click here
Planning on a 3 BHK flat in Hyderabad? 5 mistakes to avoid!
Planning on a 3 BHK flat in Hyderabad? 5 mistakes to avoid! Hyderabad today offers you a wide range of residential offerings! Majority of the available options come to us in ‘standalone apartment buildings’. Apartments made by bigger builders in ‘gated-community apartment complexes’ spread over acres of land are fewer in comparison, although they definitely offer more amenities. The advantage a ‘standalone building apartment’ is more space (built-up area) for the same price in low-density, good locations. This is because standalone buildings, unlike huge gated-communities, are built in well-established, low-population residential colonies. The plot sizes of these standalone residential complexes seldom goes beyond 1200 square yards. Home buyer preferences in post-pandemic scenario Besides, in a post-pandemic era, the home buyers are looking at ‘relevant’ amenities. Amenities like gymnasium, clubhouse, swimming pool etc. are the first ones to close in a pandemic-like situation. In this case, a standalone building offers you a safer living because only ‘relevant amenities’ like generator (power back-up), elevators, parking etc. are provided. The benefit of NOT having additional amenities results in you getting MORE SPACE inside your home with an apartment in a standalone building. In this article, we strongly recommend choosing a bigger apartment should your budget permits. This article is meant for those who have the wherewithal to explore a 3 BHK or bigger apartment in the range of Rs 65 lakhs to Rs. 1.3 Crore. 5 mistakes to avoid while buying your 3 BHK flat in Hyderabad Given below are 5 mistakes that a home buyer must avoid while making a choice of a 3BHK apartment in Hyderabad: 1. Not to explore apartments that are NOT RERA and GHMC approved RERA gives us protection from unscrupulous builders RERA and GHMC approved homes means that the builder is being watched over the construction process, and will have to give timely possession of your home Plus, funds given by you towards are used only for construction purposes This means peace of mind 2. NOT to freeze on ‘location’ and ‘size’ early-on Sometimes, it’s open to be ‘open-minded’ before you make a decision about location and size A location which seems best today, may not meet your changed priorities a few years later Same goes with the location. For example, a location close to main road may be considered a superb location, and you may get a smaller apartment for Rs 70 lakhs in this so-called ‘excellent location’. This location may become more cluttered, noisy and polluted 10 years from today So, think practically & futuristically, and NOT just based on what’s VISIBLE TODAY 3. NOT to ignore your family needs and requirement in terms of ‘carpet area’ & actual ‘available space’ A 3 BHK apartment admeasuring 1400 Sft in built-up area will actually give you about 950 sft of ‘carpet area’…and in turn this will mean only about 650-700 sft of ‘available floor space’ for you to walk around The ‘available space’ of your apartment will continue to be reduced over time. Besides, things like beds, kitchen counter-top, refrigerator, dining table, sofas, chairs, tables etc. you will keep buying and adding to your household items This continuous addition to household items reduces the NET-SPACE AVAILABLE This in turn means that while buying your 3 BHK apartment, it is beneficial to err on the side of MORE SPACIOUS APARTMENT…and embrace a superior living experience 4. NOT to be over-obsessed with so-called ‘excellent or good location’ Not being over-obsessed means that deliberately choosing an apartment in the interior location. Interior location means about 2-4 Kms away from the main road of the locality you finally choose in Hyderabad For example- 1500 sft vs. 1700 sft You get a 1500 sft apartment in a location that’s 1 Kms from the main road, and for the same money, you get a 1700 sft apartment (of similar specifications) In this case, it may be more sensible to choose the interior location that’s more spacious, and has cleaner air While the social infrastructure around is a little farther away, but the trade-off will surely be worth it! In Sainikpuri-Yapral belt, for instance, the prices per sft based on location are lesser by Rs 200-400 per square foot as you move towards Yapral location (between 2-4 Kms from Sainikpuri main road). These apartments are surrounded by better green-cover, and are far more spacious. Basically, you get MORE SPACE FOR THE SAME MONEY! This applies to almost all localities across Hyderabad 5. Not to compromise on ‘QUALITY’ for want of a ‘good deal on pricing’ This is a major mistake that needs to be avoided. It’s almost like a trap, where we get swayed away from choosing a poorly constructed apartment for immediate gains In the garb of getting a good deal, you may end-up getting an inferior apartment This becomes a sour-deal in the future when the entire building starts getting a run-down look, and many problems emerge starting from dampness, chipping, plumbing-issues/leakages, termites etc. Selling them later becomes an impossible task This is where, you need to verify the specifications being offered, the reputation of the builder based on past projects, and the overall construction rigour/standard being followed by the builder There is certainly no point taking an LOW QUALITY INFERIOR APARTMENT even if you are getting it at a discounted price Example- comparing a low-quality offering with a high-quality offering Builder ‘A’ is offering an apartment in an interior location at Rs 3800 per sft. Specifications and construction quality are average Builder ‘B’ is offering an apartment in the same interior location at Rs 4000 per sft. Specifications and construction quality are SUPERIOR, and is known for using high-end materials, accessories, fittings etc. Clearly, you need to have the wisdom to find this difference, and NOT be trapped in the lure of low price Construction elements like soil-testing, termite treatment, sold structural engineering rigour, using high-grade TMT bars/cement etc. are elements that cannot be ignored So, make the right decision with the right frame of mind, backed by the
Buying a 3 BHK flat in Hyderabad? Get the most out of your home!
Buying a 3 BHK flat in Hyderabad? Get the most out of your home! Pandemic has set the tone for re-prioritizing a few ‘asks’ out of the definition of a ‘dream home’. Homebuyers in Hyderabad now need efficient floor plans that incorporate ‘work from home’ and ‘study from home’ floor designs. The priorities also involve apartments complying with social distancing norms, improved sanitization, and designs that are preventive in nature from all kinds of diseases and pollutants. Homebuyers are now more inclined to choose a 3 BHK apartment, a home that’s ‘pandemic ready’. Homebuyers seek ‘safety, ‘sense of spaciousness’ and ‘better quality of life within the four walls of their dream home! 5 areas that you need to get right while choosing your 3 BHK apartment are discussed here. 1. Not having common walls in your apartment, and better ventilation to ward off stagnant air Not having common walls with your neighbours allows you greater privacy, better health, and a safer living experience Chances of microbes travelling inside your home through air gets less with the consequent improved-ventilation due to this You can have more windows and doors for better cross ventilation, and superior air-conditioning Superior ventilation allows the hot/polluted, stagnant air to get flushed out of your home, facilitating fresh air to enter your home Simply put- having ;no common walls’ allows you a healthier living 2. Every room to give you more ‘available space’ Built-up area is usually how the builders talk about their apartments, e.g. 1400 sft apartment is actually the built-up area, and you get only 70% of this area as ‘carpet area’ which translates to 980 sft of actual floor space Out of this ‘carpet area’ of 980 sft, the effective area available to set your foot (move freely) is again lesser by 35 to 40%…because of furniture, wardrobes/cabinets, fittings/accessories, kitchen-platforms, and other household items eating into the carpet area The home buyer needs to factor in ‘available space’ when the floor-plans and designs are viewed. This is because, as time progresses, you continue adding more and items to your home making it CLUTTERED Sometimes, the builders do NOT show the floor plans with needed things like a study table for ‘work from home’ or ‘study at home’ options, This makes the room even more cramped-up and stifling when you try to accommodate a work-station, tables and chairs Hence, AVAILABLE SPACE is an important factor, and a 3 BHK unit also needs to have rooms that are adequate to cater to your needs 3. A more efficient and pet-friendly utility room With pandemic, the need to be self-sufficient cannot bovver-emphasised You need a reasonably spacious utility room upwards of 50 sft to cater to your laundry, drying, washing, storage and pet-related needs A small utility room is no longer a good idea, and your end up spending a lot of time washing clothes, ironing them, and to store all the food and beverages for the family 4. A locality that’s NOT heavily populated, and allows for ‘social distancing’ Clearly, more crowd means more diseases, and closer contact with people in general Localities that are still NOT saturated and are less populated give you a better quality of life 5. Gentry, greenery and social infrastructure around your chosen locality for buying a 3 BHK flat For a non-polluted and clean air, you must consider a cleaner, interior location The other advantage with a cleaner, greener place is that it is usually 2 to 4 Kms away from the main roads, hence would remain pollution, and noise-free for a longer duration For example, area adjoining Sainikpuri-Yapral belt is much cleaner than the area which is closer to the main road. These are also cheaper in price, allowing you to buy bigger apartments for the same money What you need to get right is a fine balance of SPACE and SAFETY for your family. For a pandemic-ready, safe living, you could do well with a location that is a little away from the main roads. Lesser the traffic and population around your home, the better. Plus, being away from crowded areas, you can actually get more space for the same money! Having more space available to your family is far more important than living in a smaller home that’s adjoining the high-traffic zone in Hyderabad. After all, good health matters! To quote Harry J Johnson- “The human body has been designed to resist an infinite number of changes and attacks brought about by its environment. The secret of good health lies in successful adjustment to changing stresses on the body.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “3 BHK flats in Hyderabad- Importance of visualizing & analyzing ‘available floor space of your 3 BHK floor plans” Click here
3 BHK flats in Hyderabad- Importance of visualizing & analysing ‘available floor space’ of your 3 BHK floor-plans
3 BHK flats in Hyderabad- Importance of visualizing & analysing ‘available floor space’ of your 3 BHK floor-plans If you are planning on buying your 3 BHK in Hyderabad, among other things like location, price, specifications, one element that is often not see hard enough is- How much ‘effective floor space’ am I getting after knocking off space taken away by furniture etc.? In simple words, your floor plan tries to tell you how much of floor-space you can walk on (visible & available to you) after furniture, shelves, wardrobes, equipment/gadgets etc. have occupied the carpet area. Let us call this 3rd dimension as ‘available area’ for ease of reference. AVAILABLE AREA = [Carpet area] – [All floor space occupying items] Why is available space important now more than ever if you are looking for 3 BHK flats in Hyderabad? It is common phenomena even for spacious apartments seeming small when the items we buy are not well-managed. Plus, the family needs sometimes puts a constraint on the available spaces One major factor is the work-from-home and study-from-home furniture that has further burdened our existing ‘available spaces’. The conventional, economy-range floor plans ranging between 1400 sft to 1800 sft, particularly, have NOT been made with an eye to embedding an ‘office’ or a ‘study area’ in the floor designs. In a post-pandemic era, we need to be even more conscious of how we live, and how our available spaces inside the apartment enable us in living a comfortable life. How to read into the AVAILABLE AREA of your 3 BHK apartment? Let’s look at how the AVAILABLE AREA shrinks with an example of actual floor plan measuring 1400 sft [Website address- https://www.squareyards.com/hyderabad-residential-property/cybercity-marina-skies-apartment-3bhk-1600sqft/8925/36824/unit ] Given above is an excellent design, and we shall use this only for our ‘available area’ related enquiry. Let’s calculate the ‘available area’ on the plan given above to get a perspective on how comfortable a floor plan feels when we add furniture and other household items into it. Let us explore how ‘spacious’ vs. ‘congested’ the rooms actually feel. Read into the last 4 columns of the table given above to get the right perspective. Bedrooms- Living & Dining Drawing room Washrooms Utility The available space is an important factor, and you should NOT just see how the furniture etc. is place, but give a deep hard look to the open spaces left for use. So, while buying your 3 BHK apartment in Hyderabad, go beyond the obvious, and look for ‘actual space available’ to accommodate all the existing and future needs of each member of your family! “Family means nobody gets left behind or forgotten.” – David Ogden Stiers To know more about “Reading ‘dimensions’ of a floor plan: a perspective to get a ‘feel of space’ while buying your 3 BHK flat in Hyderabad”. Click here!
3 BHK flat in Hyderabad: challenges faced by 1st time, young home buyers
3 BHK flat in Hyderabad: challenges faced by 1st time, young home buyers Are you planning on buying your 3 BHK in Hyderabad? Are you in your 30’s, about to start your family, or having a small family? Wondering whether or not buy a 3 BHK flat in Hyderabad? Getting inclined towards a 2 BHK unit to meet your immediate needs? At times even thinking of waiting for a few more years before you purchase your apartment in Hyderabad? If yes, then this article is for you. First of all, no one can give an advisory or recommendation about your choice! This article merely gives you inputs to take a glimpse into your ‘future’, and take a well-balanced view of how your life may unfold. Eventually, you need to weigh your own priorities, your financial status, your family needs and your lifestyle preferences while buying an apartment. You need to take a deliberate decision to ensure you don’t jeopardize you happiness in the current times, and are also reasonably geared-up for the future! So, while the decision to buy, delay, or NOT buy a 3 BHK flay is yours, it may really be worth it buying an apartment early-on! Should your finances allow you the comfort, and your future prospects seem secure, it may be a good idea to buy 3 BHK apartment in Hyderabad. Hyderabad also happens to offer excellent options in the Rs 4000 to Rs 6000 per sft range. 5 factors you can contemplate upon, as a 1st time, young home buyer for 3 BHK flat: As we grow up, our needs and priorities change. Family becomes more and more important. You feel obligated to giving as much convenience and protection to your loved ones. A decision to buy a big 3 BHK flat at the right time in the right location may feel like a ‘gift’ for your family! To quote Nick Crocker- “The greatest reflection of your priorities is your time. Whatever you say about what matters to you, the true test is where you place your time.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 reasons why buying a 3 BHK flat in Hyderabad in an interior location of an area may be a wiser decision” Click here
3 BHK vs. 2 BHK flat in Hyderabad: a comparison based on ‘carpet area’ of each room
3 BHK vs. 2 BHK flat in Hyderabad: a comparison based on ‘carpet area’ of each room An apple to apple comparison makes it easier for us to make a decision! Let us focus on the ‘extras’ we get or don’t get when we make a decision between a 3 BHK unit and a 2 BHK flat in Hyderabad. Fortunately, Hyderabad is much more economical on per square foot price of apartments whether you take Western Hyderabad (.I.T. Hub) or Eastern Hyderabad (Sainikpuri, Yapral locality). Hence, it is indeed prudent to invest in a 3 BHK flat with better design as a result of extra SPACE that you pay for! A 3 BHK in Hyderabad will also yield better appreciation prospects, should you want to resell it a decade or so later Hence, it is wise to choose a 3 BHK unit or a bigger home, if your finances permit. In this article, we shall focus purely on the SPACE factor in our comparison. Let us compare a 2 BHK flat with 1200 sft area with a 3 BHK unit with approx. 1600 sft area. We shall clearly see what we get with the extra 400 sft…@ approximately Rs 4500 per sft, Hyderabad average price i.e. an additional Rupees 18 lakh for a 3 BHK apartment. Both the plans are good, and the intent here is only to compare ‘sense of spaciousness’ for a comfortable living. 2 BHK flat with 1200 sft built-up area- a standard sample floor plan [Image Source- https://static.squareyards.com/resources/images/bangalore/unit-image/sri-mitra-symphony-apartment-2bhk-1200sqft-1.jpg] [Website- https://www.squareyards.com/bangalore-residential-property/sri-mitra-symphony-apartment-2bhk-1200sqft/8564/34710/unit] The ‘spaciousness’ feel factor for the above apartment (indicative) would be as follows- While this apartment meets the needs of a small family of 4, it has a tight feel on ‘spaciousness’ front Children’s privacy would remain constrained, especially when they grow up to be teenagers You cannot invite anyone over since the guest room is missing Balconies and utility space are a huge respite Having said that, this 1200 sft unit has a great design, and meets the budget and all the functional needs The question really is- if you can afford more space for an additional Rs. 18 less, do you want to settle for this one, OR are you willing to have a more airy, bigger apartment that caters to you needs more effectively! 3 BHK flat with 1585 sft built-up area [Image source- https://static.squareyards.com/resources/images/bangalore/unit-image/sri-mitra-symphony-apartment-3bhk-1585sqft-1.webp?d=751×376] [Website- https://www.squareyards.com/bangalore-residential-property/sri-mitra-symphony-apartment-3bhk-1585sqft/8564/34712/unit] The ‘spaciousness’ feel factor for the above apartment (indicative) would be as follows- This 1585 sft, 3 BHK apartment as compared to the 1200 sft 2 BHK flat is far more spacious even on individual rooms. This is something home buyers miss to loo The 1885 sft apartment comparison on a ‘room to room’ basis shows it has a far greater SPACIOUSNESS FEEL due to increased square foot area added into each room The extra Rupees 18 lakhs spent on the additional 400 sft is indeed well spent if you think long term and prudently keeping your convenience and comfort in mind In the long run this additional 400 sft will surely help the family enjoy a very comfortable life in the bigger 1585 sft 3BHK apartment You can easily have more privacy for a family of four (2 children), especially when children grow-up into teenagers and beyond You can invite and accommodate guests with ease, and have the thrill of a higher status symbol that comes along with a bigger home! With a slightly bigger utility, it makes the 1585 sft apartment pet friendly too Overall, while deciding on an apartment, especially when finances are not a problem, you get the real picture when you watch each room closely on carpet area available. By watching the dimensions of ‘each room’ for apartments you are looking, the decision making process becomes much easier. After all, it is NOT just about budget, but also about your ‘quality of life’! To quote John C. Maxwell- “It is our decisions not our conditions that determine our quality of life.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “Reading ‘dimensions’ of a floor plan: a perspective to get a ‘feel of space’ while buying your 3 BHK flat in Hyderabad” Click here
Small vs. Big 3 BHK flat in Hyderabad- what’s the difference?
Small vs. Big 3 BHK flat in Hyderabad- what’s the difference? Small versus Big 3 BHK units in Hyderabad could be classified into 3 categories- Small, Medium & Large for the sake of convenience. Some home buyers encounter the problem that they are unable to tell the difference between a big versus a small 3 BHK unit when they see it on paper. Plus, on the paper, the focus sometimes is on 1) budget, 2) counting the rooms. By doing so, the home buyers sometimes do NOT get an appreciation of what REAL SPACE looks like on paper (floor plan design). A floor plan sometimes is elusive and does NOT allow the home buyer to take the right decision. The purpose of this article is to tell the homebuyers in Hyderabad to be cognizant of one’s space needs and understand the difference between a SMALL vs. BIG space in your 3 BHK unit in Hyderabad. So, let us just review the 3 sizes as given below, and learn how to read into a floor plan from a convenience and utility point of view…with a clear focus on SPACIOUSNESS. The objective is to see if these will fulfil your family needs immediately as well as in the long run! 1. Small apartment in Hyderabad- ranging between 1300 to 1500 sft [Source- https://im.proptiger.com/2/5296068/12/sri-sri-constructions-dhruv-floor-plan-floor-plan-735192.jpeg?width=800&height=620] [Website address- https://www.proptiger.com/gallery/sri-sri-constructions-dhruv-floor-plan-floor-plan-5296068-735192] 2. Medium apartment in Hyderabad- ranging between 1500 to 1800 sft [Source- https://im.proptiger.com/2/5246787/12/antriksh-overseas-apartments-floor-plan-3bhk-3t-sr-1700-sq-ft-568098.jpeg?width=800&height=620] [Website address- https://www.proptiger.com/gallery/antriksh-overseas-apartments-floor-plan-3bhk-3t-sr-1700-sq-ft-5246787-568098] 3. Large apartment 3 BHK flat in Hyderabad- ranging between 1800 to 2300 sft [Source- https://im.proptiger.com/2/191790/12/shalimar-gallant-floor-plan-3bhk-3t-2200-sq-ft-393084.jpeg?width=800&height=620] [Website address- https://www.proptiger.com/gallery/shalimar-gallant-floor-plan-3bhk-3t-2200-sq-ft-5191790-393084] The whole point is to understand what more square feet of area do for you. Well-designed home with a more square foot area needs to meet your requirement. An efficient design with even a mid-sized unit of 1700-1800 sft also could do wonders. You need to develop an eye for appreciating the designs, and balancing against your family needs. For instance, in design three (Large 3 BHK above), the area allotted to the servant room could be added to the bedrooms/bathrooms to give you more airy space. If you don’t want the servant to live under the same roof, this design is NOT good for you, and you could instead have more space elsewhere. “A huge mistake that many of us make is to work hard our entire life for money and not require money to work for us in return.” – Daniel Willey ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “5 reasons why buying a 3 BHK flat in Hyderabad in an interior location of an area may be a wiser decision” Click here
5 undeniable reasons why a so-called ‘good location’ may actually not be worth it! – A perspective for 3 BHK homebuyers in Hyderabad
5 undeniable reasons why a so-called ‘good location’ may actually not be worth it! – A perspective for 3 BHK home buyers in Hyderabad Being over-obsessed with a location in a city like Hyderabad can sometimes result in a home buyer making a wrong choice of their 2 or 3 BHK apartment. At times, people forego a bigger apartment for the lure of a perceived ‘better location’. The builders create a hype due to a self-proclaimed superiority on location due to close proximity to the main road etc. These builders simply quote location for their high rates per square foot. A good location- perception vs. reality while buying your 3 BHK flat in Hyderabad This perception of a ‘good location’ may actually turn out to be a not-so-impressive deal in the long run. Let’s understand this with an example- For instance, if an apartment in Hyderabad in any locality near the main road costs Rs 5000 per sft, the rate of an apartment of similar specifications could be hovering around Rs 4200 per sft. Mathematically, if you are planning on spending Rs 70 lakhs on a 3 BHK apartment, the flat you will buy in both locations in the same locality would be- Option 1- So-called good location (closer to main road) = 1400 sft at Rs 5000 per sft Option 2- An inside location (2 or 3 km away from the main road) = 1665 sft at Rs 4200 per sft Result worth noting & thinking– Option 2 gives you an additional 265 sft or space inside your apartment at the same price! Here are 5 reasons why a so-called ‘good location’ may actually NOT be worth it- 1. Excessive disturbance of traffic 2. High density of population 3. Air pollution 4. Lesser space inside, more costly 5. Cramped-up building, poor living experience At the same time, both locations are in close proximity to all the thinkable social infrastructure. The only advantage of the so-called good-location (bang on the main road etc.) is superior convenience to the markets etc. The question is: Is that advantage really worth foregoing a bigger more spacious house that is far more peaceful? “To create an extraordinary quality of life, you must create a vision that’s not only obtainable, but that is sustainable.” – Tony Robbins To know more about “5 considerations for identifying a ‘good location’ in Hyderabad for a new home buyer” Click here
The 9 most innovative things happening in 3 BHK apartments in Hyderabad
Apartment in Hyderabad: Verified Listings & Tips | Avisun Properties Post pandemic, the way we look at our lives has changed remarkably. The things are no different in Hyderabad. Home buyers are no longer happy with the conventional ways of making apartments with focus on Bedroom, Hall and Kitchen. The middle and upper-middle class home buyers are demanding more out of their homes, and are NOT willing to settle for the conventional ways. Instead of settling for a 2 BHK unit, people want a 3 BHK residence for more space, better life! This is a result of the lessons that the pandemic has taught us. Consequently, there has been resurgent tilt towards family being the focal-point of the earning members of the household. The proactive builders have sensed this shift in needs, and are taking measures to be innovative in their product offerings. The list of innovative measures being demanded by home buyers in Hyderabad, and being responded-to by the builders: 1. Exclusive, clever spaces for ‘work from home’, and ‘study from home’ needs 2. Added focus on providing smart floor-plans to give more privacy to residents of apartments in hyderabad 3. ‘Utility room’ becoming most critical space, and a need to be better, bigger & efficient 4. Spaces and design elements for mental and physical health 5. Cross-ventilation, sunlight, and social-distancing norms taking precedence over elements like blindly following Vastu tenets 6. Low density housing and stand-alone buildings in less crowded residential colonies in Hyderabad 7. Contactless technologies at play in the residences 8. Redefining amenities- ‘relevant vs. non-essentials’ 9. ‘Flex spaces’ for multiple-purposes, ‘robotic-furniture’, and ideas to makes spaces ‘convertible’ to meet multi-tasking and multi-entertainment needs This fine balance between designs and innovation will be a key differentiator of a home buyer’s preference in Hyderabad, with significant population working in the ‘tertiary sectors’, like Information Technology, for a living. To know more about “Future of homes in India – post COVID era expectations of home buyers” Click here
Benefits of more space oft-ignored by homebuyers in Hyderabad & elsewhere: A perspective on why a 3 BHK flat is a sensible choice!
Benefits of more space oft-ignored by home buyers in Hyderabad & elsewhere: A perspective on why a 3 BHK flat is a sensible choice! Homebuyers in Hyderabad and elsewhere sometimes choose to finalize on a 2BHK flat, NOT because they cannot buy a bigger apartment, but because they want only their short term needs to be met! They simply turn oblivious to the obvious and do NOT evaluate reasons and benefits that they may accrue from a bigger 3 BHK or a bigger apartment. This is why we are discussing the potential reasons that are overlooked that actually favours a 3BHK apartment. 1. Those with school going children to appreciate that their children will grow, and so will their needs These home buyers sometime ignore the needs of their children as they grow up Whether you have two daughters or two sons, or one each, they need space as they turn into teenagers They may even continue living with you, and may like to get married while still with you The choice of music they listen to, the study habits, sleeping patterns etc. may differ, so giving your children a healthier environment and space is an important element worth considering while booking a small apartment A 3 BHK or bigger flat allows you to let them have their fair share of privacy as they turn into adults 2. Parents age, and may need to live with you While buying a smaller 2 BHK flat in our late 20s or early 30s, we may NOT foresee that our ageing parents may need to live with us Parents may need medical attention, our personal care, or may simply not be able to live alone after a while Being in bigger cities like Hyderabad have medical advantages that cannot be undermined When a situation arises, a 2 BHK flat just does NOT measure up to our expectations 3. Pandemic like situations requiring work-from-home & play-at-home spaces that give you peace of mind Work from home became a reality much sooner than we would have expected in India This means that a working couple needs to have a dedicated space to work This becomes difficult when space is scarce, and you have your children and parents living with you Even a 3 BHK apartment may fall short to meet such demands A separate study room over and above 3 bedrooms, or a spacious living room may then come to your rescue This can happen only in a 3 BHK flat that’s over 1600 sft 4. More spacious home with extra rooms allow you a superior lifestyle, enables you cater to your family-members and helps you get more social Unlike a 2 BHK unit, with a 3 BHK apartment, you are bound to get the extra space, extra luxury, may be even a balcony along with a utility room All this is possible only if you are NOT too miser about walking a tight-rope walk on budget, and are open to lead a more fulfilling life once home Your guests and relatives also feel more welcome when they know you have a guest room to accommodate them A bigger 3+ BHK flat allows you to entertain more people, and lends you a higher status Home buyers seldom think about a separate room for exercising or entertainment, and a bigger home gives you the flexibility to explore such options 5. 3 BHK Space gets occupied by household items, and a smaller 2 BHK flat gets cramped-up much faster A sample home or a layout plan of a 2 BHK can in no way give you a clear indicator of the extent of spaciousness A 2 BHK home gets fast saturated, and you very soon run out of spaces The problem is that you cannot add adequate furniture or even regular household items due to space-crunch Always think what your family members need a decade from now Also, by buying a bigger 3 BHK + home, you are better prepared for your future needs that you may NOT have anticipated So, if you have the ability, and can afford a bigger home, it is wise to buy one! Very often homebuyers in Hyderabad as well as elsewhere ignore their perceivable and unanticipated needs when they end up choosing a small 2 BHK flat. This is a bad decision, especially, when you have the financial ability and confidence to stretch beyond a 2 BHK unit. So far as a home goes- big is beautiful, relaxing, nurturing and family-centred! To quote Ben McLemore, “My mom is proud of me. I just want to keep working hard so one day I can help my family. I am going to get a big house one day, and we all can stay in it and eat.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To know more about “2BHK, 3 BHK, 4BHK or bigger flat: which one is better? Making the right decision with clarity!” Click here
