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Metro Rail a real boon to Hyderabad & Hyderabadi

Introduction of metro rail triggers the prosperity of a city by multiple folds. Following metro rail launch, every city in the world experienced the benefits of its clean and sustainable growth. It is a boon in every sense, direct or indirect. Every city has its’ own day of making, and now it is Hyderabad’s turn.

Direct impact

It will have a direct impact on concerns like traffic, city-buses, business and job opportunities. It improves the convenience of commute at a brisk pace and more than anything the metro rail will rocket the real estate prices to newer heights. Good for Hyderabad.

Indirect impact

Metro Rail also has an indirect impact on the lifestyle of the city folk. Moving from place to place would be a plain sail. You wouldn’t have to worry about the bustling traffic and impatient honks. Catch a metro and experience a peaceful commute to work with the additional time on hand for some leisure pursuits. It improves our work efficiency and leaves us with plenty of time for family and all the things we have always wanted to do, but could never find time for. This significantly contributes to the betterment of city’s lifestyle. Good for the Hyderabadi.

Encouraging initial response

  • A staggering 32.25 lakh passengers travelled in Metro trains in one month since its launch on November 29, 2017 and patronage is slowly stabilizing with an average of one lakh passengers traveling in Metro trains every day.
  • Nearly 22 per cent of passengers are using Metro smart cards and till date over 1.5 lakh smart cards have been sold. The sale of cards has been increasing and an average about 2000 metro cards are being sold every day.
  • If the above numbers are with one metro line from Nagole to Miyapur, we can easily imagine the usage when the other two lines start functioning.

A boon to real estate market

  • Metro serves dual purpose in real estate boom – creates jobs that drives demand and reduces commuting costs drawing people to look for homes in areas surrounding metro tracks. Areas closest to stations have greater impact.
  • Retail and commercial space demand increases, Standalone apartments get converted into bigger gated communities, mixed properties come up near stations. This aids the business distribution and helps people’s investments grow.
  • Value of land is inversely proportional to distance from metro station (influences mostly in radius of 1 km, with max influence in 500 meters). Land prices may rise by an average of 50% depending on location and use of land.
  • People owning property in Nagole, Miyapur,Thatti Annaram, Bandlaguda, LB Nagar, Boduppal, Kalyanpuri near Uppal and all areas along the track are already enjoying 20-30% hike in the prices following metro launch.

Everything put together it is not an exaggeration to state that Hyderabad as a city has entered the golden era following the launch of Metro Rail. It is set to virtually transform Hyderabad and the lives of people living in it. It is the Boom time for Hyderabad and Hyderabadi’s.

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6 reasons why you should buy a house

Your home is your haven. It is where all joys and sorrows are experienced; all trials and tribulations taken care of; all troubles laid to rest. Some seek security, while some seek comfort, and some consider it as a necessary tool to be considered of a certain social status amongst peers.

Given the soaring prices of real estate, people are wont to shy away from investing that kind of money.

So, here are 6 reasons why you ought to buy a house instead of renting one.

It does not tie you down

The common misconception doing the rounds is – if you buy a house in a certain city, you are tied down for life, while encumbered with a financial commitment for most of it. We can understand from where this misconception stems. Housing loans are tenured for 20 to 25 years, and people believe that they need to pay off the whole loan before they can sell the property if and when they have to move. This is quite ridiculous, for you can sell your property at any sweet time it pleases you, irrespective of whether the loan is paid off.

Imagine this: you buy a property worth 15 lakhs and get a loan of the same amount. After 5 years, you decide to shift base (or are in desperate need of money) and need to sell off the house. You can do that without having to wait for the tenure of the loan to get over. You can easily sell your house off at the ongoing rate (it would have appreciated in 5 years), pay the loan amount to the bank, and pocket the profits!

It ain’t only for old people

The availability of easy financing options has made it easier to own your dream home. It is no longer necessary to wait till your 40s and 50s to save enough money to be able to acquire the property of your choice. It is now possible to buy a house in your 20s and own a house sans the mortgages in your 50s (or earlier). You need to be prudent in your selection of a home loan provider – someone who offers the flexibility of tailoring your EMIs to suit your present and future income patterns.

Your roof, your rules

The purchase of a house ensures you have a space of your own – a respite after a long day at work and a tiresome commute. Your own nest offers a sense of security in a world that is spiraling out of control, and its comfort is irreplaceable. No one can dictate terms, tell you whom to invite and whom not to, impose restrictions on your comings and goings, and try to curtail your freedom. Having a house of your own frees you from the invisible shackles that landlords place you in, simultaneously getting rid of the constant follow-ups that are a necessity if and when something needs to be fixed in the house.

Your rent can go towards paying off your EMIs

Paying rent every month, year after year, is just an expenditure that you are never going to get back. You could use your rent money to help pay off the home loan EMIs on your new home. Additionally, with every EMI you pay, your equity in your home goes up! There are a number of properties (hyperlink Sitara to that cost enough to ensure your EMIs do not rise above the rent you currently pay!

Tax benefits

The principal amount of a home loan and the interest incurred can fetch you attractive tax breaks. Renting a place ends up being more expensive than just the rent you pay, because you do not earn any interest on the deposit you pay to the landlord, which can go as high as 10 months’ rent in some places.

Watch your money make more money

When you are going to live in a city for long, it makes sense to buy a house. This gives you a sense of belonging and settlement, while helping you identify with the city’s pace and lifestyle. Not to forget, property prices always go up, making property a smart investment decision. So, the more you delay your property purchase, the more money you will have to shell out (considering the amount you would have had paid towards rent and the increase in the price of the property).

In conclusion:

Buying a property will always be a smart and sensible decision. If you travel around a lot, your own home will provide you with the anchor you need and a place to come back to. An Increase in income levels and disposable incomes, and the availability of easy and innovative loan options and tax incentives, buying a house is the prudent way to go.

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Decoded: Pradhan Mantri Awas Yojana

When the NDA government came into power, one of their promises was to provide housing for all by 2022. A dream that seems unachievable for many is inching closer to reality with the government’s new steps. The Pradhan Mantri Awas Yojana (PMAY) has expanded its scope to address the housing needs of those planning to buy their first home. The Prime Minister has doubled the quantum of loan eligible for interest benefits under the PMAY in cities to Rs. 6 lakh since the initial days after its launch.

What is the PMAY?

Launched in 2015, the PMAY was the first step towards fulfilling the government’s dream of building affordable pucca houses (with round-the-clock electricity, water facilities, and proper sanitation) for people.

This scheme has a number of aspects that need to be understood:

  • This scheme is applicable only for first-home buyers. Additionally, people with property against their name (or those who have help property earlier, but have transferred the property to someone else’s name) will not be eligible.
  • Banks and housing finance companies will not charge a processing fee from applicants
  • Eligibility: Those who have applied for a loan on or after 1st January, 2017, and those whose loans have been sanctioned on or after 1st January, 2017, are eligible for the scheme.
  • The tenure of the loan sanctioned is to be 20 years or that preferred by the beneficiary, whichever is lower.
  • Most banks are bending over backwards to help people make use of this scheme. They have created separate teams to help people buy their first home under this scheme, deployed more people, and created robust infrastructure to support the influx of people interested.
  • The total subsidy on interest accrued on these loans will be paid to the beneficiaries in one go, thereby reducing the burden of EMIs. The beneficiaries, however, will not get the money in hand. It will be adjusted against the principal quantum of the loan.
  • Those earning up to Rs. 18 lakhs a year are eligible for the loan. The eligibility parameters will be applicable only till March 2021, after which only those earning up to Rs. 6 lakhs per annum will be able to avail of this scheme.
  • Under this scheme, women are to be given preference. People can avail of this scheme under their mother’s name, sister’s name, and wife’s name.

How do you go about applying for the subsidy?

  • For starters, you need to look for a flat you want to buy.
  • Once you have zeroed-in on a house, you need to approach a bank or an NBFC (Non-Banking Financial Corporation)
  • During the process of applying for a loan, you’ll have to notify the lenders of your intention to avail of the PMAY scheme.
  • The lending corporation will gather your details and send it to the National Housing Board (NHB) for verification.
  • Upon successful verification, the NHB will sanction the subsidy and transfer the amount to your loan account.

The scheme will enable buyers to buy a bigger home in the same budget. For example, if you can afford a 1 BHK for 10 lakhs, you will be able to buy a 2 BHK for 15 lakhs with the help of this subsidy.

To calculate how this scheme will help you reduce your EMIs, visit

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What Makes Hyderabad the Best City to Live in?

Hyderabad – a city that has more to offer than any other

In India’s metropolitan cities, where property prices are sky-rocketing and creating a real-estate bubble, thereby making it increasingly difficult for people to own a house, Hyderabad still is one of those metropolitan cities where you can enjoy reasonable property rates while growing consistently and sustainably. The city is experiencing a promising growth with people and companies investing in properties for many reasons – including various schemes being launched by the government and a number of start-ups sprouting in the city that attract talent from all over the country.

Sustainable growth

Hyderabad is one of the few cities in the country that has been prepared for growth, with well planned infrastructure. Most metropolitan cities in India did not foresee exponential growth, resulting in the cities’ current infrastructure enduring more than twice its capacity. But, with forethought, Hyderabad has avoided bursting at its seams. With the Outer Ring Road (ORR) embracing the city, Hyderabad has been able to spread its wings and experience structured growth as opposed to the haphazard expansion of other cities. The ORR of Hyderabad now connects more land parcel hence making it possible for suburban developments. Additionally, the upcoming metro rail promises to improve an already solid infrastructure.

Employment in Hyderabad

The city is growing into a hub for start-up companies as land prices are low when compared to neighbouring cities like Chennai and Bangalore. It is more economical to buy land in this city and start a business of your own (or to rent office space). Moreover, a start-up is more likely to be successful in a city that is still growing than in cities that seem to have reached a saturation point (in terms of space and the possibility of growth and expansion). With pocket-friendly rates, the talent will come at a reasonable price as opposed to cities where high cost-of-living makes talent expensive.

Well-developed and maintained pretty well, Hyderabad has a large number of IT companies that have set camp. As a result, the city is witnessing a major influx of employable people from various parts of the country. This has led to a rise in the number of apartments and independent houses being built. The pleasant weather of the city has helped in its growth. Real estate in Hyderabad is where you should invest, for it will only fetch major gains in the future.

Excellent water facilities

Cities like Bangalore never dreamt of growth and expansion. They did not envisage a future where water beds won’t be enough to meet the needs of the millions of people moving in, and did not install underground pipes to route water from surrounding rivers into the city. As a result, the cities’ municipal corporations have to resort to supplying the residents with water from bore wells.

Hyderabad, on the other hand, has a steady supply of clean drinking water from rivers that flow nearby, and does not have to depend solely on digging out water from under the ground. It also supplies continuous running water to the 87 lakh people that call the city home.


Hyderabad was a Nizam’s city with Charminar as the sole focal point. In the past few decades, the city has grown to be one of the most sought-after locations to work and to live, with multiple focal points and ecosystems developing to accommodate the growth.

Excellent connectivity, coupled with brilliant roads and competent public transport, has attracted people to the City of Pearls to earn their living and raise a family. Hyderabad is surrounded by major national highways that make it easy to travel to other cities.

Cost of Living

Compared to other cities in India, the cost of living in Hyderabad is still economical. The growth of the city as one of India’s premiere IT hubs has not blown the cost of property and other amenities out of proportion, making it one of the best cities to live and work in.

Lifestyle and Entertainment

Hyderabad is home to the young and aspirational crowd of India. This has given birth to a number of places where one can go for entertainment and relaxation. The pubs and lounges in the city host some of the best parties in the country, while microbreweries cater to those who love their beer.

The city has a rich culture of fine arts that finds patronage in the large number of art enthusiasts that throng the galleries. Hyderabad’s local cuisine has admirers worldwide, and the people’s taste for the new has prompted the rise of eateries catering to various cuisines in the city.

In the last few years, Hyderabad has experienced unprecedented growth, with the city being heralded as one of the major IT hubs in the country. A land of promises, Hyderabad is the city to live in.

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