How to Start Your House-Hunting in Hyderabad?

 

With several developments in the last few years, Hyderabad has quickly upgraded to an established city with great potential in real estate expansion. Several working professionals prefer this city over other urban areas owing to the lower cost of living, accessibility to essentials, quality fundamentals and harbouring one of the largest IT hubs in HI TECH city.

Wide demography of IT crowd, students, families and people from various communities are observed in Hyderabad. To cater to the citizens’ interests, Greater Hyderabad Municipal Corporation GHMC has made several provisions under the town planning committee to create an integrated infrastructure for the corporate sector and the residential zone.

This has led to a burgeoning real estate market of Hyderabad allowing a multitude of opportunities for residences. With several options, finding the right space for yourself can get strenuous, which is why we have compiled a few factors to assess before narrowing down to a house:

Locale

Hyderabad is a vast spread of abundant land where every individual needs can be met provided that you chose a suitable location for personalised requisites. While the old city charm is a thriving beauty of the “city of pearls” sustained for decades now, the other divisions of Hyderabad have been developed into highly functioning inner-city areas.

However, with the introduction of the IT sector, the state government of Telangana commissioned HITEC city to promote Information Technology in Hyderabad. Soon an entire township integrating giant corporations of the tech world like Google, Oracle, Amazon, Flipkart, Infosys, Accenture, and many more were formed as the nucleus of the city.

Also known as Cyberabad, this is the most feasible locality for working professionals and people who have migrated from other states. The residential projects around HITEC city are designed in accordance with ease of commute, provisions for quality fundamentals, and a modern lifestyle.

The strategic road connectivity makes it easier to access airports, railways, and other modes of transport for swift travel plans. This HITEC city has also adopted advanced technology and digitization for easier operations throughout these areas.

Similarly, you can evaluate an area based on the factors that provide the best facilities, accessibility, and a feasible lifestyle.

The Cost of Living

Most metropolises in India suffer from over-inflated prices due to increasing demands yet not enough space to accommodate these requirements. Hyderabad has managed to not only provide ample space for people from all socioeconomic and inter-cultural backgrounds but has also sustained the cost of living well within means.

Once you have finalised a location, calculate the economic structure of that place. That includes:

-       Cost of the daily commute

-       Estimated monthly expense on groceries and other essentials

-       Average rent around the area

-       The market price of various functional services.

-       Miscellaneous expenses, recreational expenses etc.

All this entails an average expected standard of living of that area that will help you decide whether it is conducive to your budget.

Quality of Fundamental Services

With such unpredictable times on our heads, it has become more important now than ever to be able to access quality fundamentals around you such as hospitals, emergency medical aid, security services, legal services, and other services for other urgent requirements.

Since HITEC city is a highly developed residential and corporate zone, all the fundamentals around the vicinity guarantee the best services. Also, financial institutions such as banks, investment companies, financial advisors, ATMs are all abundantly available around HITEC city.

International schools, top-tier universities, and educational institutes are established in the vicinity.

All these factors make up for the property value of the place. Which is one of the reasons why real estate developers strive to provide new residential projects in Hyderabad that can complement this lifestyle.

The Real Estate Market

Hyderabad is divided into seven divisions with each including major suburbs that have varied property values. You have to evaluate an area based on its property value to get an estimate of how your real estate investment would flourish in the long term.

For reference, HITEC city has cemented its reputation as a consistently expanding area due to the burgeoning IT sector, which is why it is considered a safe investment for residential projects as well. Numerous residential projects are introduced owing to this upsurge demands.

Among such new residential projects in Hyderabad, Aurobindo Realty has introduced Kohinoor HITEC City that caters well to the working crowd with luxurious apartments at such a prime location.

To summarise:

Divide your checklist into categories such as locality, budget, property value, cost of living and the services provided to make a calculated decision for purchasing a house.

Why eastern Mumbai suburbs are emerging as investment goldmine in 2022?

The real estate scene in Easter Mumbai Suburbs especially Badlapur has been transforming gradually over the years. Investors and home buyers have started recognizing its potential and are looking at it as a worthy investment destination. According to The Hindu Report: MMR is estimated to experience 50% absorption which translates to 32% in housing units occupied in a market over a year. The key dominant areas with a substantial rise in MMR are Kalyan-Dombivali, Badlapur, Bhiwandi, Ulhasnagar, Thane, Mira Road-Bhayandar, and Navi Mumbai.

Badlapur is also experiencing a commercial expansion with MIDC (Maharashtra Industrial Development Corporation) being the nodal agency, undertaking the area for industrial development & establishing several chemical, manufacturing, and production industries.

This has resulted in demand for mid-segment residential units in the area, thus establishing a stable real estate market within a decade.

Connectivity

Badlapur is well-connected to neighbouring areas and has a railway station on the Central Railway line which divides the city into two localities eastern and western halves. The connectivity to Navi Mumbai and the proposed development of the metro rail has increased the demand for housing in Badlapur.

With major physical infrastructural development in the upcoming years, Badlapur is one of the most-aspired suburbs. The resulting connectivity to Navi Mumbai will allow access to the proposed Navi Mumbai Airport within a few minutes.

Price appreciation of property in Badlapur

One of the finest indicators of rising demand for flats in Badlapur is the steady price appreciation of around 13.3% within the past five years (Source: 99 acres property price trend). This has substantiated real estate developers to introduce comprehensive projects with a plethora of amenities that sprawls over vast acres of land, surrounded by greenery and open spaces.

-       The average property prices in Badlapur trend around Rs.3400 per sq.ft. As compared to other suburbs– Kalyan and Dombivali are trending at an average of Rs. 5900.

-       The average 800 sq.ft 2 BHK flats in Badlapur are valued at starting price of INR 27-30 Lacs.

-       The rental returns on investment of 1 BHK flat in Badlapur have shown decent yields, ranging between Rs.3500-4000 per month. Whereas, 2 BHK units may yield up to Rs.5400-6900 per month.

-       As of May '2021, 67% of properties listed are ranging in ticket size of Rs.10-30 Lacs, thus establishing a firm mid-segment in Badlapur.

-       Moreover, with such extensive projects, one can avail 1 BHK luxury flats in Badlapur at the most affordable prices, starting from Rs. 23-25 lacs onwards.

(Source: All the stats are deduced from 99 acres property price trend)

Aryan One offers the most luxurious 1 BHK, 2BHK & 2.5 BHK flats in Badlapur

If you are looking for a home that is affordable yet offers excellent connectivity, then Aryan One, Badlapur will be an ideal choice. Aryan One offers the most luxurious 1 BHK, 2BHK & 2.5 BHK flats in Badlapur.

Understanding how people need outlets for creativity and decompression, Aryan One provides you with a coffee lounge, a meditation room, a gymnasium, a swimming pool, a library, a kids' play area, a music room, and a dedicated sleep station all of which is in the residential complex itself.

While the location itself serves as a daily reminder of how calming greenery can be. The artistically designed landscaped gardens are a treat for sore eyes after a long day of work. For the elderly, a designated senior citizen area is designed to provide them with a safe space to practice their laughter session and exercises.

Regardless of whether you are looking for 2.5 BHK flats in Badlapur, Aryan One is just the right place for you.

If you’re interested to buy 1 bhk apartments in Badlapur East check out their website for more insight.

Read More - Badlapur- A Nature’s Ode for Your Humble Abode

How to Optimize Your Search to Find Your Dream Home in Mumbai

Mumbai is definitely an asset that you ought to invest in as soon as you can since the market is always on an upward trajectory. The more you delay, the more you would be losing to inflation. At the same time, selecting among the assortment of flats in Mumbai can be strenuous.

So, how should you approach the entire procedure? First off, to narrow down from a pool of projects in Mumbai, you have to refine your search into categories.

Formulate a Budget

Allocating an estimated value to your dream home can help you zoom in on your search. No matter how grand your budget is, some of the projects simply don’t match the expectations of affluence.

Every location in Mumbai has a different market value for a similar project. Suppose you are looking for 3 & 4 BHK apartments in Mumbai, you will find a different value per sq feet area for different locales. If you have a set budget it will help you in discarding options that are overvalued.

Some contracts clearly state about the maintenance charge and parking lots; which means you have to churn out extra money every year towards the co-op society. If you have a budget, it will help in identifying whether these extra costs are conducive to you.

Searching a Location That Bodes You Well

One of the major issues in Mumbai is the inevitable long commute. These jarring hours are taking a crucial part off of our work-life balance. Finding a location that has the convenience factor will also give you better rental returns if you are looking for just real estate investment.

One such place that has shown immense potential in terms of connectivity, productivity, proximity, and a wholesome lifestyle is Dadar.

The Mumbai Suburban Railway line divides it into two prominent areas - Dadar East and Dadar West. It is the most connected point in Mumbai since a multitude of commuters from all over meets at this junction.

This was a key factor in increasing the market value of property in this area. Which is why property in Dadar East is a hot commodity for many investors which also connects directly to South Mumbai.

Analyze the Property and the Vicinity

Once the locale is finalized, inspecting the neighbourhood will give an insight into the essential supplies, security, demography, general standard of living, status. People prefer convenient access to fundamental services such as healthcare & education. The vicinity plays an important role in determining whether it is worth your long-term commitment.

If you are looking for a high standard of living with 3 BHK flats in South Mumbai, then a project by Bombay Realty has become a buzz in the real estate market that provides the ultimate lavish experience.

Island City Center has a more spacious carpet area as compared to other 3 & 4 BHK apartments in Mumbai, top-class amenities within the complex, and close in proximity to essential services. Plus, the guarantee of a trusted brand like the Wadia Group (Bombay Realty) is an assurance of the optimum living experience.

Flats in Mumbai can be categorized on a broad spectrum; analyse the permutations that suit your lifestyle. Rest assured; Mumbai has something for everyone!

Live a Privileged Life, Embrace the Luxury of Comfort - The Regent by Aurobindo Realty

3 BHK Flats in Kondapur at The Regent provides you with the sense of optimum luxury. The premises comes with a host of amenities that include a lavish Clubhouse, Gym, Wellness Spa, Cafeteria, Mini Theatre, Library, Jogging Track, Swimming Pool, Aroma Garden, Theme Park, Yoga & Meditation Area, etc.