Tips for housing loan approvals:
Tips for housing loan approvals! Buying a house is a huge and a once in lifetime decision, which makes it important for you to select the right home loan which will suit your needs. Opting for a home loan is easier said than done. Though it may seem all banks are eager to help you out, getting a loan can be a hectic process. Also, like any other financial product, it is important to know how home loans work to avoid any surprises later. Some important aspects you should consider before taking a housing loan: 1. Credit Score A credit score is one of the most important and paramount factors which a bank considers before providing any loan to its customers. Any individual who desires to avail of a home loan should have maintained a good credit score. It is pretty important to have a CIBIL score which is higher than 750 in order to avail of a home loan and in turn earn better interest rates. Maintaining a good credit score is not tough and can be done by making timely payments for your credit cards and paying off any existing loans. 2. Interest rate Every person should compare home loan interest rates of several banks and financial institutions before making a decision. It is important to be aware of the different types of interest rates available. There are essentially two types of interest rates, which are floating and fixed. Under fixed home loan interest rate, the EMIs do not change over the span of the home loan tenure. But, under the floating rate, the interest rate is calculated based on the MCLR and changes over time. It is better to go for the floating rate of interest over the fixed interest rate as your monthly EMIs would be higher if you choose to go for fixed interest rates. Fixed rate of interest always come with a fixed liability and also a pre-described foreclosure penalty. The floating rate of interest changes over time and can help you save money on your interest. 3. Home Loan Tenure Every person who desires to avail of a home loan should decide on home loan tenure as your home loan EMIs directly depend on your home loan tenure. Banks always show interest to lean toward home loan applicants with shorter repayment period and a short repayment period is also beneficial for you as it decreases the home loan interest burden on your EMIs. With shorter tenure your monthly instalments will increase but eventually, it will help you in decreasing your home loan cost. 4. Processing Fees Processing fees is the charge that any home loaner needs to pay to the lender once the home loan application is accepted. Usually, different banks or financial institutions charge loan processing fees up to 1% of the home loan that they hand out. Searching for the right bank that charges low processing fees or charges negligible processing fees is important. 5. Equated Monthly Instalments Equated Monthly Instalments (EMI) is the payment that the home loaner needs to make every month towards repayment of the home loan. The EMI amount depends on you and also depends on the down payment you make at the time of buying the house. The more the down payment you make it would entail lessening the stress of the outstanding amount which will convert into EMIs. It is always good to ensure that your EMI amount does not cross 45% of your total income. You can Calculate EMI through any online Home Loan EMI Calculator. 6. Home Loan Documents Before availing of a home loan, you should always read the terms and conditions (T&C) of your bank carefully before signing the documents. Being aware of the different charges, fees and penalties mentioned in your home loan are pretty important so you won’t be surprised later. 7. Payment When you avail of any home loan, you are required to pay about 10% to 15% of the total home loan amount as a down payment. The rest of the amount is converted as your home loan EMI, which you will be required to pay on a monthly basis. If you have extra money available, you can increase the down payment as it would help you to save on the interest to be paid in due time. 8. Additional Charges Apart from your home loan EMI’s, banks may charge any additional fees at the time of application. Make sure that you discuss these charges with your bank or agent present at the bank beforehand itself. 9. Pre-payment penalty According to the recent RBI guidelines, banks are not supposed to charge a prepayment penalty. With no penalty on prepayment, you can freely make any partial payment whenever you have an extra amount of cash available after availing of your home loan. 10. Foreclosure Norms Foreclosure of your home loan implies making the repayment of the outstanding amount before your home loan tenure ends. The quicker you repay your home loan, the lesser interest you pay. Banks usually charge a predefined foreclosure penalty for repaying a home loan before the tenure ends. So be sure to read the T&C. With a floating home loan interest rate, your bank won’t be charging you any foreclosure penalty. Keeping the above-mentioned points in mind before availing of a home loan is essential to avail the right kind of home loan product for your needs. To know more “Interesting facts about availing a home loan for a residential property in India! “. Click Here…
Aerocon Bricks and How they are made?
Understanding Aerocon Bricks and How they are made? We have all seen homes/ apartments built with the conventional red bricks and cement. But lately, there has been a change and grey bricks are being seen at construction sites. These grey blocks are called Aerocon Blocks. Aerocon is a brand that produces lightweight blocks. They are so successful that the product itself is probably known as Aerocon bricks. They are used in a wide range of construction applications such as walls, partitions, and flooring. What are Aerocon Bricks? Aerocon bricks are a popular construction material that is known for their eco-friendliness and cost-effectiveness. They are also easy to install and can reduce the overall construction time. Aerocon bricks are an innovative and sustainable alternative to traditional bricks, which are made from clay and sand. Technically these are AAC (Autoclaved Aerated concrete) blocks available in different sizes and by different manufacturers. The main feature of such blocks is their being extremely lightweight but at the same time, very strong. The blocks are factory made and thus, the shape and size are perfect and need very less mortar for joints. Some of the joints may be as thin as 3mm to 5 mm. Plastering may not be required for some of the types of blocks and one may directly go for putty and painting. The Manufacturing Process of Aerocon Bricks During the pre-production, fly ash and water are mixed together in perfect quantities to form a slurry. This slurry mixture is heated and then transferred to a high-speed mixer, to which the rest of the ingredients: lime, cement, and aluminum powder are added. During the mixing process, a chemical reaction takes place between the materials and as a result, tiny bubbles are formed in the mixture which form the characteristic cellular or aircrete structure. A little later, when the mixture of materials is partially set, it is wire cut into the pre-designed sizes. These cut blocks are then transferred into autoclaves for a process of high-pressure steam curing. This autoclaving assisted by the aeration process is what gives the unique, lightweight cellular structure as well as the strength to the Aerocon block. The Benefits of Aerocon Bricks Aerocon bricks have several benefits that make them an attractive option for construction. They are eco-friendly and produced less carbon emissions during the manufacturing process compared to traditional bricks. They also have excellent insulation properties, which can help reduce energy costs. They are also fire-resistant and termite-proof, making them a safe and durable choice for construction. Additionally, they are lightweight and easy to transport, which reduces the cost of transportation, and require less mortar and cement during installation, which further reduces costs. They are also easy to install and can reduce the overall construction time. The Increasing Popularity of Aerocon Bricks Aerocon bricks are becoming increasingly popular in the construction industry due to their many benefits. They are sustainable, eco-friendly, and cost-effective. They also have excellent insulation properties, fire-resistance, and termite-proof properties. As awareness about the benefits of Aerocon bricks grows, more and more builders, architects, and construction companies are choosing to use them in their projects. This popularity is expected to continue to grow in the coming years as more people become aware of the benefits of Aerocon bricks. Conclusion In conclusion, Aerocon bricks are a sustainable and cost-effective construction material that offers many benefits over traditional bricks. Their environmentally friendly production process and various benefits make them a suitable option for different types of construction projects. They are becoming increasingly popular in the construction industry due to their many benefits. To know more “Top Reasons Why Builders in India use AAC Blocks, Not Red Bricks!“. Click Here…
7 benefits of ‘independent floor residences’ for home buyers seeking flexible, tranquil spaces in Hyderabad!
| Independent floor
6 compelling reasons to go for a 3 BHK flat in Hyderabad
6 compelling reasons to go for a 3BHK flat in Hyderabad If you have the capability to afford a 3 BHK apartment or bigger home over 1600 sft, and are comfortable about future income inflow, you may seriously think of a bigger, better 3 BHK flat in Hyderabad. Normally, first time home buyers who have just started their careers, and have small kids prefer to go for a 2 BHK flat and DO NOT think beyond their immediate needs. They often oblivious of what their future requirements could be! The future usually brings in higher status and more income inflow.This means when success and more need to for space knocks on their doors within a decade or so, they often end regretting having bought a 2 BHK. When that happens, the home buyers of 2 BHK in Hyderabad or elsewhere start planning on upgrading to a 3 BHK home, and also go through a difficult situation. 6 compelling reasons for straight evaluating a 3 BHK in Hyderabad are: 1. Sense of spaciousness and actual ‘more space’ for you family with a 3 BHK flat 2. Prudent, practical and more economical choice having a 3 BHK flat 3. ‘Think future’ while buying a 3 BHK home 4. A 3 BHK apartment is pet-friendly option 5. Entertainment and health related needs are met with a 3 BHK flat 6. Hyderabad is an economical city with superior quality 3 BHK apartments available at affordable prices Hence, it is prudent and wise to choose a 3 BHK unit or a bigger home, if your finances permit. ‘A man travels the world over in search of what he needs, and returns home to find it.’ – George Moore To know more about “2BHK, 3 BHK, 4BHK or bigger flat: which one is better? Making the right decision with clarity!” Click here
Standalone Building 3BHK Apartments: A Preferred Choice in Sainikpuri-Yapral Belt of Hyderabad | Avisun Properties
Standalone building 3bhk apartments a preferred residential choice in Hyderabad
Is a 3 BHK flat in a ‘standalone building’ in Sainikpuri location really worth it?
Is a 3 BHK flat in a ‘standalone building’ in Sainikpuri location really worth it? Sainikpuri locality extending right through to Yapral offers a refreshingly well-designed array of 3 BHK flats to home buyers in Secunderabad/Hyderabad. The options of large gated community towers/flats in Sainikpuri are not possible here simply because the entire residential area is already full of small-sized plots (less than 1500 square yards) initially designed for individual bungalow living. The locality around Sainikpuri has no large land parcels running more than 5 acres in area. This is why standalone buildings in a 5-storey configuration are cropping up in an extremely innovative fashion in this beautiful locality! Thus, this article is meant for those wondering whether or not to own a piece of a ‘standalone building apartment’ in the Sainikpuri location. By the end of the article, you will get all the right reasons why a standalone building apartment could be a very pragmatic, blissful and, perhaps, the right choice for you! 1. Do ‘standalone buildings’ cater to the needs of types of customers? Yes it does! The options available beautifully cater to the 3 broad customer segments: low-budget, mid-economy and high-end luxury. In Sainikpuri locality, you get to choose terrific apartment options serving varying needs in the ‘Standalone building apartment’! You could be looking at a varying mix of luxury, budget and space/sizes- you name it and it’s there! The demand for standalone building apartments has been growing steadily and exponentially in the Sainikpuri location since 2010, and ever since the formation of Telangana, the growth has been even more steady! These apartments cater to all segments of customers viz. The apartments could range from 1200 sft to over 2400 sft. Obviously, depending upon the size (in sft), specifications, construction-quality, amenities and location you could get a variety of pricing options to choose from! In terms of variety, apartments being offered in the Standalone building segment in Sainikpuri are second to none! You need to visit the locality to see for yourself how some projects in Sainikpuri are packed with all the luxuries you need for a superior lifestyle! The features and specifications may vary depending upon on the specifications and the budget that goes with it. Some projects in Sainikpuri are so stunning that many home buyers who are initially inclined to buy a gated-community apartment are quick to change their mind in favour for a more functional, gorgeous and superior standalone building apartment in the Sainikpuri location. Besides this, the ever evolving social infrastructure of Sainikpuri is truly enticing! 2. Do builders of standalone buildings understand the upmarket trends? The answer is a BIG YES! The builders making standalone buildings are cognisant of providing luxury & amenities at attractive and affordable price points. Some of the Standalone building projects in Sainikpuri are so beautiful that they actually mirror the expectations of high-end upper crest lifestyle today’s home buyer is looking for! Being built on smaller size plots less than 1500 square yards, the standalone buildings are innovative in offering on relevant common amenities like high-speed elevators, dedicated parking, spacious stairs, good landscaping in the open spaces, power backup, well-connected and sufficient water supply and impressive exteriors/interiors of the entire building. Besides, living in Sainikpuri in itself gives a premium feel that may not come easy even in a gated-community complex. The entire locality around Sainikpuri feels like a self-sufficient township. The serene and blissful environs of Sainikpuri evoke a deep sense of inner satisfaction and contentment that’s rare! 3. What makes a standalone building in the Sainikpuri location really worth it? All these elements make for a compelling case to explore standalone building apartment options in Sainikpuri and Yapral. Besides, a standalone building is a pleasure to live in and enjoy a well-connected community living experience, and enjoy mutual support and togetherness! “One of the most important things you can do on this earth is to let people know they are not alone.” Shannon L. Alder To know more about Tips on evaluating QUALITY vs. PRICE- a ‘wise approach’ before booking your 3 BHK flat in Hyderabad.” Click here!
What makes Sainikpuri a delightful location with a promising & peaceful lifestyle?
What makes Sainikpuri a delightful location with a promising & peaceful lifestyle? Located in the North-Eastern part of Hyderabad, Sainikpuri is an evergreen locality buzzing with life, festivities and celebrations throughout the year! Almost 40 years ago in the 1970s, this locality was envisioned to be the peaceful abode of Armed Forces personnel. Even today, Sainikpuri continues to enchant people of all age groups. Even NRIs find this residential locality to be the perfect place in Hyderabad due to its cantonment-like charm! The gorgeous green cover of Sainikpuri extending right up to Yapral is simply astounding and mesmerizing! With the existing cantonment area right next, the thick cover and abundance of trees is there to stay for a long-long time! The Army area that’s a stone throw away comprises of College of Defence Management, the EME Centre, MCEME Centre among other military establishments. With Armed Forces establishments extending to over 10-12 square kilometres near Sainikpuri, this green belt of the Army cantonment will continue to give fresh oxygen for many decades to come! Clearly, living in the Sainikpuri locality you are saved from the onslaught of the concrete jungle, the maddening pollution, the noise and the all-pervasive chaos of city life! After a hectic day in the city, you would love to come home to de-stress in rejuvenating environs of Sainikpuri! No wonder, the peace and quiet of the Sainikpuri locality are enticing home buyers in Hyderabad. The layout of colonies, wider roads, and greenery in this area instantly makes you feel that you are living in a sparsely populated neighbourhood! Now, that’s a big plus in a busy and fast-moving city like Hyderabad!! The convenient lifestyle, range of apartment options (size & space), and flexible budget options (economy to luxury) in Sainikpuri are certainly appealing to the first-time home buyers/NRIs. This locality is an ideal location even for those seeking to settle down post-retirement. Compelling reasons that make Sainikpuri a truly delightful locality 1. Bountiful nature and greenery Less populated locality with fresh air, greenery with birds chirping as you take a stroll environment, and pleasing personalities of people. 2. Clean area safer from future shocks of pandemic Being sparsely populated, you have lesser risk of human contact and the threat of contagious diseases. No noise pollution which allows you to sleep peacefully with you windows open all through the day! 3. Better air, better health The green cover of trees around you allows you better air quality allowing you to gain better physical and mental health. 4. Ideal atmosphere to foster community living Lesser the population, the more likely it is for you to nurture closer bonds with your neighbours. Smaller groups tend to have much tighter emotional connect! 5. Eateries, daily-needs, lifestyle stores The area is full of branded stores, amazing eateries, restaurants, supermarkets, banks and much more, courtesy, the well-developed AS Rao Nagar market, the fast-growing Sainikpuri Main Road and Hi-Tension Road. 6. Inviting gardens and walkways walking amidst beautiful greener becomes a delight with many parks, GHMC maintained park in this locality and the inner roads of Sainikpuri and Vayupuri which is a favourite among morning and evening walkers. 7. Potpourri of various cultures People from all over India residing in this area gives it a very forward-looking, progressive and cosmopolitan feel! NRIs too prefer to call the Sainikpuri locality their home! Experiencing this multiplicity of various cultures and traditions adds to the lure of possessing a home in this area. The quiet and peace of Sainikpuri allows you to freely explore various facets of life including focusing on yourself and your loved ones! Blessings of nature inspire you to do what you’ve always wanted to! These reasons are inspiring enough for home buyers in Hyderabad to look at 3bhk or bigger apartment options in Sainikpuri that range between Rs 70 lacs to over Rs 1.5 crore. The pricing too is very reasonable compared to many other parts of the city considering the quality of life you get in this locality! It won’t be an exaggeration to say that those who seek a better lifestyle in Hyderabad would surely choose to live in the serene locality of Sainikpuri! To know more about “9 factors that make Sainikpuri, Yapral belt a VIBRANT LOCALITY for 3 BHK home buyers in Hyderabad.” Click here!
Excessively low cost housing deals: potential trap to a sub-standard home!
Excessively low cost housing deals: potential trap to a sub-standard home! As a prospective home buyer In Hyderabad, the charm of striking an unbelievable bargain for a low cost housing deal can sometimes turn risky! You will find many builders who have no problem going sub-standard on specifications and build quality to somehow force-fit their price into your low budget. They could even go all out to use sub-standard and low-priced construction materials to bring down their costs! No wonder, they are able to beat the competition pricing purely on cost with no commitment to quality or sturdiness! Why do they do so? Well, a builder like this knows that people begin by seeing the residential unit, and eventually the deal-maker or breaker is the low-price factor! Plus, these builders who compromise on specifications and quality want to sell their flats somehow, and realize their profits without having to explain too much! The best way to do this is to give a low price, and not worry overmuch about the specifications of the residential unit!! The question is: do you really want a sub-standard home or do you really care about decent specifications and build quality? If you do want the best possible home, then you must out-grow the obsession with low cost housing deals! This does not mean that the budget does not matter! You simply need to be realistic about whether or not your budget works in a certain locality as per your expectations. Let’s understand ‘being realistic’ with an example- Let us assume that your budget is Rs 80 lacs for a 3 BHK flat in Hyderabad or Secunderabad. Now, with an eighty lac rupee budget can you get a 1700 sft 3BHK in Nallagandla? The answer is NO. In Nallagandla (adjoining Western IT corridor of Hyderabad) the prices could vary between 7000 to Rs 9000 per sft for a gated community complex (depending on specifications and amenities) as of September/October 2022, and that translates to over Rs 1.2 crore. Going with this price range, any builder in Nallagandla who offers a property for much less than the above range is most likely not meeting the specifications on the quality and durability of the overall apartment! On the other, the same 1700 sft apartment in a standalone building in Sainikpuri or Yapral would cost around Rs 4500 to Rs 5500 per sft (depending on specifications), which is well within your budget of Rs 80 lacs. Going by the same logic, even in Sainikpuri or Yapral, if a builder is offering too sweetened a deal to give you a discount of Rs 5 lacs or 10 lacs on Rs 80 lacs, then there is a good reason for you to raise your eyebrows, and to check for quality and specifications. The logic of ‘being realistic’ is simple- Quality costs! There’s nothing called cheap AND best! Anything that’s cheap can simply not be the best! This means that you must NOT make the ‘best deal’ on price your sole consideration for booking an apartment. It’s not prudent to say, “I booked my flat with XYZ builder because they were nice to me, and gave me a huge discount of Rs 10 lacs.” You may assume that such a builder is more understanding, adjusting, or customer-friendly! The reality may be quite the contrary! On the other hand, a builder who does NOT offer ridiculously high discounts ranging over Rs 5 lacs is considered anti-customer and egoistic! Instead of thinking this way, we need to explore why a higher price is being quoted? Why isn’t the builder not reduce the price beyond a certain level? This builder could actually be the right one for us! To explain this better, a builder quoting at Rs 4500 per sft may come down marginally. The builder won’t go down to Rs 4200 per sft as a special favour to you. This kind of discount and flexibility simply doesn’t exist! Ways to identify and avoid a ‘low cost housing deal’ trap! To begin with, abandon the low cost housing deal being our only criteria in buying our 3 BHK flat in Hyderabad. The other things that should follow are- By being over-obsessed with pricing while buying your dream home in Hyderabad can be counter-productive! You can end up buying a low-quality home, sub-standard home which turns into a regret-of-a-life-time! So, keep your priorities right, and look for builders who offer you a home you’ll be proud to own! QUALITY COSTS and PAYING FOR QUALITY sure are worthwhile in the long run! ‘Quality means doing it right when no one is looking.’ – Henry Ford To know more about “Tips on evaluating QUALITY vs. PRICE- a ‘wise approach’ before booking your 3 BHK flat in Hyderabad”. Click here!
‘Sainikpuri Main Road’ rapidly transforming into an attractive locality for home buyers in Hyderabad!
‘Sainikpuri Main Road’ rapidly transforming into an attractive locality for home buyers in Hyderabad! Sainikpuri Main Road in Secunderabad has Vayupuri and Defence colony on one side, and Sainikpuri colony on the other. This road is steadily turning into a vibrant retail, lifestyle and eateries hub, which is makes it an attractive destination for home buyers of 2&3 bhk flats in Hyderabad! This rapid growth of Sainikpuri main road is attracting discerning gentry from across the globe. No wonder Sainikpuri is high on the watchlist of retail and food & beverage businesses who want their pie of the cake in making their presence felt here. Afterall, a good social infrastructure is an alluring proposition while exploring your dream home! Sainikpuri main road is a 1.5 Kilometre stretch from Sainikpuri X roads to the College of Defence Management. Currently, roughly only 25% of the area by the roadside is occupied by commercial and retail outlets, and the rest is still a residential area. This is a huge opportunity for this 1.5 Kms stretch to grow and turn into a mega-shopping and lifestyle center. Many more constructions of big commercial buildings are underway with parking facilities being provided in the basement. This is happening more on the Vayupuri side of the Sainikpuri main road. It won’t be long before the Sainikpuri side of the road also sees commercial traction on this high potential road. The plot sizes of both Sainikpuri and Vayupuri being over 1000 square yards are ideal for construction of large commercial and retail buildings. Consolidation of bigger plot sizes Is being done in Vayupuri as well as the Defence colony to build more spacious and large retail outlets with all the modern amenities with valet parking and basement parking facilities. Obviously, the incentive to invest in a commercial property with an excellent return on investment is high for those who are still having their residences on Sainikpuri main road. The ground floor rentals on Sainikpuri main road range between Rs 100 to Rs 175 per sft mark depending on the type of property, location, and amenities. This is a very reasonable rate for business investors to open shops or retail outlets considering the quality of footfall it promises. This trendsetter to this growth of Sainikpuri main road is the commercial complex Shivams Tejas at Vayupuri- a massive commercial/retail building built on over 2000 square yards of land bang on the Sainikpuri main road! Shivams Tejas commercial complex houses prestigious retail and lifestyle outlets like Ratnadeep Supermarket, Pure O’Natural, Urban Kissan, V2 Fitness Gym, Thunder Gaming Lounge, Anna Native restaurant, Punjabi Chaap corner, Toni & Guy beauty salon among other offices. 1. Popular eateries on Sainikpuri main road Concu bakery on Sainikpuri on the Vayupuri side is yet another high-end outlet that combines the dining experience along with their marvellous range of baked items! Starbucks and Mahendra mithawala have recently opened their outlets in September 2022 in a brand new retail outlet in Vayupuri at the start of Sainikpuri main road. This has added an upper crest feel to Sainikpuri main road. Sainikpuri main road is home to F3 café and bistro, Groove 9, W-café by Wichway, Kebabwala & Co., e’woke (Vegan), The Big Oowl café, Chai Kahani, 5th Avenue bakers, Theo Broma, 3rd Wave café, Eatalia Dhaba, Oh so stoned!, Thick Shake Factory, Olive sweet shop among others. Some of these are truly insta-worthy eateries that attract people from all over Hyderabad! You have many grocery shops including premium outlets like Tender cuts to cater to gourmet quality seeking customers of Sainikpuri. 2. What’s different about Sainikpuri Main Road? Sainikpuri main road is ideally sandwiched between over 250 Acres of lush-green land parcel of Sainikpuri and Vayupuri. This makes Sainikpuri main road the ideal go-to place to eat, relax, shop, and escape from city within the city! The layout of both Sainikpuri and Vayupuri is extremely well-planned and sustainably managed by the Armed Forces Officers’ Co-operative Housing Society, Sainikpuri and Air Force Officers’ Cooperative Housing Society, Vayupuri. The green cover of Sainikpuri and Vayupuri is particularly relaxing, plus you don’t have parking problems in and around Sainikpuri! It simply feels different from the rest of Hyderabad due to the superb cantonment vibe it has to offer! It seems like the getaway place for those wanting social connect, sit with friends & family, and enjoy the serene environs together. You have pubs, ice cream parlours, western fast-foods, Desi dhabas, Vegan restaurants, and open-air eateries for all kinds of age-groups- young and elders alike! You could even pick a parcel from any of these eateries, drive across to a nearby park of Sainikpuri, and enjoy you meal inside your car akin to a picnic! The D circle around Brig MK Rao memorial hall Sainikpuri is a great place to feel this invigorating cantonment vibe, and even to go for a morning and evening walk! Being in and around Sainikpuri main road is an unwinding, relaxing experience that beats the tiredness that you encounter in the thick of the city! 3. Conclusion The localities in and around Sainikpuri work like a tranquilizer to de-stress, and help you connect with yourself, friends and family. All these elements of Sainikpuri make for a very attractive proposition for 3 BHK home buyers of Hyderabad and Secunderabad to call this place their home! A drive along Sainikpuri main road itself makes you feel like wanting to live in a low-density yet highly urban area that packs superior lifestyle and social infrastructure for your loved ones! No wonder home buyers across the globe want to call Sainikpuri their preferred touchdown destination. “The more tranquil a man becomes, the greater is his success, his influence, his power for good. Calmness of mind is one of the beautiful jewels of wisdom.” – James Allen To know more about “5 Reasons why Sainikpuri ‘main road’ gives an invitingly refreshing feel to Sainikpuri locality ”. Click here!
5 Critical factors driving Hyderabad real estate on a growth path!
5 critical factors driving Hyderabad real estate on a growth path! Hyderabad is proving to be the fastest-growing city in India. Ever since the formation of Telangana, the state government has left no stone unturned in making Hyderabad a desirable destination for global and domestic businesses. The investor confidence is high for the ease of business that the state offers! Telangana is now a preferred hub for IT, ITeS companies, as well as many other services and manufacturing industries to set up a base. Consumers with high income are further propelling the growth of the entertainment, shopping, healthcare, and educational facilities in Hyderabad. No wonder, IKEA, a global conglomerate set up its first retail hub in the sprawling area near Mindspace, Hyderabad. Hyderabad continues to be in a leadership position in the life sciences industry. Genome Valley is a case in point and has emerged as the most preferred investment destination for global companies investing in life sciences-related fields. Factors driving Hyderabad real estate on a growth path! The major factors that are still going strong in making Hyderabad a solid investment destination, and a city truly worth living in are: 1. Remarkable infrastructure coupled State government’s commitment to economic growth The infrastructure of the city is to be seen to be believed. The development of Western Hyderabad, the financial district, genome valley, and areas around Nanakramguda, the Rajiv Gandhi International Airport, and the multiple flyovers in the city make this obvious. The Outer Ring Road, the laying of 4-lane highways, and the traffic de-cluttering efforts are only getting better in Hyderabad. Government investment in the development is blatantly visible, The roads and the green cover of the city have gone up even in the most congested of areas. From connectivity within the city, the Jawaharlal Nehru Outer Ring Road is akin to the finest Ring Road systems across the globe! The ORR has been a boon to Hyderabad in easing commute across the entire Hyderabad, including from the Rajiv Gandhi International Airport leading to cities like Vijayawada, Bengaluru, Mumbai, Nagpur, Warangal, Nizamabad, and Adilabad etc. With advanced commuting capabilities, intracity and inter-district travel time decreases, and this further generates employment opportunities. Hyderabad enjoys the distinction of having the maximum green cover developed over the last decade. The green cover of Hyderabad has increased 81.81 sq. km from 33.15 sq. km. The western and eastern parts of Hyderabad are now connected via the Blue Line Metro Rail project. This has given a further boost in attracting businesses to set up base in Hyderabad with employee commute becoming easier. Hyderabad is home to the Social Economic Zone (SEZs), Industrial Corridors, and IT hubs. As of January 2022, Telangana had 35 operational SEZs, 57 notified SEZs, and 64 formally approved SEZs. This has given rise to the demand for residential and commercial properties across Hyderabad, especially West Hyderabad where you have Hi-Tech City and the Gachibowli area. Hyderabad being a massive IT investment hub which is why it is also known as Cyberabad (Cyber City). Besides, Hyderabad is fortunate to have a great talent pool IT, BT, and R&D resources, essential to the growth of any IT or knowledge hub. As per India Residential Energy Survey 2020 by CEEW, Telangana is one of the eight states in the country that has achieved 100% electrification in households. 2. Strong civic structure (GHMC) and impeccable law & order situation Hyderabad is indeed a clean and safe city with GHMC being at the forefront of creating and maintaining beautiful environments within Hyderabad. GHMC oversees Hyderabad and is one of the largest and most efficient municipal corporations in India catering to a population of over 80 lakh people spread over 650 square kilometers. [Source- https://government.economictimes.indiatimes.com/ ] [Source- https://www.thehansindia.com/ ] Hyderabad also has the distinction of being one of the world’s top 50 city under CCTV surveillance that provides a better sense of security to the residents. Swachh Survekshan National Survey (2021) ranks Hyderabad extremely high on cleanliness. Hyderabad has been awarded as one of the Best Self Sustainable Mega City in the country by the Union Ministry of Urban Housing and Urban Affairs. These factors contribute to the increasing demand for office space and residential property in Hyderabad. 3. Reasonably priced residential & commercial properties across Hyderabad The prices of residential property are one of the most reasonable in Hyderabad and range from Rs 4500 per sft to Rs 6000 per sft on average. These are cheaper than other cities like Mumbai, Bengaluru or Delhi. Commercial real-estate prices are cost-effective which makes Hyderabad particularly attractive as a business destination and offshore centre. Industry development and IT policies of the Telangana state government are the simplest in the country. As per Anarock Property Consultants, the average monthly office space rentals in Hyderabad in 2021 stands at Rs 57 per sft. This is the lowest among all metros in the country! Mumbai Metropolitan Region (MMR) turned out to be the costliest at Rs 125 per sft. [Source- https://www.newindianexpress.com/ ] This is a unique combination where, high demand meets reasonable prices, giving scope of excellent growth prospects for property investment in Hyderabad. 4. ‘Ease of doing business’, a rising GDP and evolving infrastructure lending a ‘multiplier effect’ Home to many large businesses and industries, demand for office spaces in Hyderabad is on the rise. Hyderabadis is the largest contributor to the state’s GDP (Gross domestic product) and state taxes. In 2021, the GDP (PPP) of Hyderabad stood at US$74 Billion, placing Hyderabad at sixth position in India, and 93rd city in the world. Hyderabad houses the highest number of SEZs (Special Economic Zones) in India which further boost real estate growth. Telangana’s gross state domestic product (GSDP) stood at Rs. 13.04 trillion (USD 168 billion) in 2022-23, and the state’s GSDP has increased at a CAGR of over 12% between 2015-16 and 2022-23. [Source- https://www.inorgnet.com/ ] The World Bank ranked Hyderabad as the second best Indian city for ‘ease of doing business’ in India. In 2020, GaWC ranked Hyderabad as
