Month: August 2016

Once you've decided on buying a home for the family, comes the bigger challenge - which location and what kind of home to buy. As you go about doing your due diligence, you will be faced with a plethora of choices, each more confusing than the other - discounts, offers, visible and notional advantages, claims and tall claims... not to mention peers, well-wishers knowledgeable and otherwise offering inputs. It is here that you need to decide on what is right for you from today's and the future perspective. Here are a few broad inputs to help you take an informed decision.

1. Why Hyderabad:

Hyderabad today offers several attractive options for those looking for a home. After a short period of confusion post the reorganization of states, the real estate scenario has stabilized in the city. The city’s infrastructure development including the Hyderabad Metro Rail project will attract investors considering that the city’s important residential and commercial sectors would be better connected and decongest road traffic.

2. Current Market Senario:

The other aspect in favour of the city is the low cost of living it offers when compared with other Indian metros considering the job opportunities, healthcare, education, social infrastructure and connectivity it offers. Google, Microsoft, Genpact, Accenture and Facebook have a strong presence in Hyderabad and the last two years has seen a steady growth in demand for office space with leading players like Uber, CDK Global, Amazon, Deloitte, JP Morgan, Qualcomm, Hyundai Mobis and UHG taking up office space. The city houses several leading schools including Gitanjali, NASR Oakridge, Cherek, Future Kids, Niraj International and DPS. Reputed institutes of higher learning include colleges like ISB, Symbiosis, ICFAI, IIT-Hyderabad and NMIS.

3. The Locations:

On the residential property front, the western corridor consisting of Gachibowli, Narsingi, Kokapet, Tellapur and Manikonda are experiencing brisk growth with Madhapur and Gachibowli in demand for commercial space as well. Other emerging areas are Kukatpally, Nanakramguda and Kompally.

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strong>4. Decide on Key Parameters:

So while deciding on a home, of course budget comes first. Then comes location. Consider a location that offers excellent-connectivity to your place of work, education institutions, hospitals, centres of recreation etc. proximity plays a key role considering that you need to save travel time and money on destinations you need to commute to regularly. This aspect needs to be considered from an immediate requirement perspective and also a future perspective – for ex., kids getting to college, regular medical care for parents etc. For ex., would a 2 bedroom suffice or would you need a 3 bedroom home. Do you prefer all bedrooms to be on the first floor or 1 has to be in the ground floor if you are going for a duplex type of property.

5. Choose wisely:

Reputation of the builder is crucial considering that you are investing your life’s saving to create what would possibly your most valuable asset. Check thoroughly to ensure the builder's track record, reputation, other projects, quality, schedules, legality etc. Titles must be absolutely clear. Do ensure that each document is authentic, plans are approved and deviations if any are within permissible limits. All paperwork must be in place - certifications, clearances, approvals and certificates. Insist on them and do not compromise on these whatsoever. As for the construction, the building has to be of good quality - materials used must be from reputed vendors, fittings and accessories must be from good brands and would be as promised.

Get complete clarity on the payment terms and deliverables with clearly defined timelines. Be clear on aspects associated with floor area, car parking, deposits etc. and ensure there are no hidden charges or unpleasant surprises later.

6. Make an informed decisions:

Take your time, make enquires, check with friends and well-wishers (up to a point!), list out your immediate/ future requirements and then make an informed decision that would enable you to decide on a home that helps you lead a life of comfort.

Please do share with us your experiences of buying right home. Let’s start a healthy discussion.

In the past, people’s home buying decisions in a particular city were mostly influenced by their long term plans to settle in the city. However, home buying these days is looked into more as a low risk, high return investment option. Now, if you’re considering investing in real estate in a particular city, you would want to take into account the growth scenario in the said city, while minimizing the amount of spend attending to the property. In order to accomplish this, you need to make some smart choices upfront when buying investment-property, beginning with the choice of the city. Today, we bring to you Top 5 reasons why you must consider Hyderabad as one of the best Realty buying cities around.

• 1.Correction in market:

  The Hyderabad Market is finally seeing a correction, leaving behind the bad times, reveals reputed real estate consultancy Knight Frank India’s latest report. “The demand for housing segment outstripped supply in Hyderabad in the second half of 2015. As a result, the unsold inventory has decreased. Even office market is in a consolidation mode as the demand for office space also rose in the city. As a whole, the unsold inventory in Hyderabad market has been unwinding, which shows the city realty is on a path of correction,” said Vasudevan Iyer, director of Knight Frank, Hyderabad.

  According to the report, Hyderabad office market shifted gears in second half of 2015 by absorbing 3.1 million sq. ft., posting the strongest half-yearly absorption numbers in its history. The reason for growth in office space absorption is that many MNCs see Hyderabad as a commercial and IT office space hub which provides quality space at cheaper prices.

  
  
• 2.Investment by Major MNCs in Hyderabad :

  Many reputed MNCs like Google, Qualcomm, Salesforce and JP Morgan have acquired large chunks of office space here. Though the situation in the residential market is not as positive as in office space segment, steady demand during last 18 months does point to a possible improvement in residential market fundamentals in coming months. With vacancy levels reducing, even the rental segment is set to witness a growth, much to the relief of property owners and investors in the city.
  

• 3.Political stability and government initiatives :

  Political stability and government initiatives have infused a positive sentiment into the Hyderabad real estate market. Residential markets across Hyderabad witnessed a gradual phase of recovery after a long drawn political unrest which culminated into the creation of Telangana. Weak sentiments had dented the markets for over three years till the bifurcation of the state, leading to an over-supply situation across the city as buyers stayed away during this time of uncertainty. This situation is changing with more MNCs buying large chunks of office space in the city.
  

• 4.Excellent Infrastructure

  The development of Metro with its proposed commencement in a year’s time and other infrastructure projects such as radial roads, inner ring road, outer ring road and availability of Grade-A offices at comparatively lower prices than those in Bangalore and Pune is a benefitting factor for residential real estate in Hyderabad. Hyderabad is to witness soon 20 multi-level fly-overs in the city very soon.
  

• 5.Affordable Prices

  Prices of residential real estate prices in Hyderabad are yet to regain their peak values. It is currently in a consolidation phase, with properties available at attractive valuations. Buyers are increasingly focusing on acquiring properties in the western part of the city (in the proximity of financial district and the IT Hub). It is expected that demand will be higher in the INR 3,000 - 4,000 per sq. ft. segment as majority of them lie along the metro rail corridor and enquiries have been significantly higher for such locations.
  

With so much of growth and development happening in the city, Hyderabad has once again become one of the most preferred places for investment in real estate in India. By the way, are you investing in Hyderabad? What is it that has attracted you to invest in the city? Please share your reason with us here and let’s get talking!

Recently, Hyderabad, the land of Nawabs, was chosen as the most livable city in India, second time in a row by Mercer’s Quality of Living Report. It does not come as a surprise because this bustling city is a haven of happiness. Hyderabad offers to its residents well connected public transport system, awesome weather, airport that offers a good range of international flights, great food, high medical and educational standards, friendly and multi-lingual residents, beautiful locations to hang out with family and friends and much more.

While there can be innumerable reasons for living in Hyderabad and loving it here, here are the top 5 reasons that have catapulted the city into the top most position among the most livable cities in India.

Fantastic Facilities

The city grew with the IT boom and has now become a prominent software hub earning itself a sobriquet, Cyberabad. Because of its new-age identity, internationally renowned companies like Bank of America, Accenture, Microsoft, Deloitte, Facebook, Motorola, Google (India’s largest campus and Asia’s largest warehouse) have set up their business here. Also, world’s second largest development centres of Amazon, Apple, Google and Uber will be set up in the city in the near future.

Hyderabad hosts high-end luxury brands like Kimaya Fashions, Burburry, Canali and Ermengildo Zegna. When it comes to cafes, eateries and watering holes - Star Bucks, Barbeque Nation, Subway, 10 Downing Street- you name it, Hyderabad has it!

The city is expanding and accommodating the change through various progressive infrastructural developments like for example, the metro. Residential and retail sector is on the boom. Billions of dollars are being invested and lakhs of direct and indirect employment opportunities are being created.

The city’s reputed international schools have made the standard of education soar many notches high. The city has grown to accommodate the need of its ever growing migrant population and locals by creating world-class facilities.

Safety

Safety is the top most priority for anyone who wishes to settle down in a city. In Hyderabad, safety of women and children in public places are comparatively higher than other big cities. Highly successful initiatives like She Team and She Cabs along with the huge number of women working at night shifts have significantly improved the safety standards in public places. The crime rates too do not pose any stiff competition to cities like Mumbai and Delhi.

Cost of Living

Be it the real estate or those daily expenses, the cost of living is a lot lesser here. Affordability is the key. You can eat out to your heart’s content and not worry about the bill. For families, this is the perfect place to settle down as your all needs are met by the city, thanks to its affordable pricing.

Less Pollution

Every city dweller dreads breathing a cocktail of poisonous gases but this has become an unavoidable bane that we have to live with. However, the pollution rates in Hyderabad is comparatively lesser, thanks to its green cover and proactive government policies.

Historic Legacy

Apart from the natural beauty of the landscape, the way of life here oozes in its historic legacy. Be it the labyrinth of narrow lanes in the old city, beautiful palaces, Nawabi cuisine, dance and musical renderings or majestic forts, they showcase the rich cultural heritage of the city. With so much to offer, the city has become a favourite place for people to settle and lead a

quality life.

What is it that has attracted you to the city? Please mention your reason below and let’s start a discussion!