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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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Buying a house? Here’s the ultimate checklist to help ease the process.

There are so many checklists floating around the Internet, one gets swamped in the sheer amount of information and confusion reigns supreme. So, we decided to create the mother of all checklists – complete with almost every kind of tip imaginable.

  • Conduct a little research on the builder whose property you are going to buy. Check if he is reputable and his presence in the real estate market. It would be wise to see if he has all the required documents to develop a project in that area, viz. land records, construction clearances, approved building and layout plans, land use certificate, master plan of the area, and no objection certificates from various utility boards.
  • Estimate the total cost of ownership, including parking charges, stamp duty, registration charges, new furniture / furnishings that a customer may have to purchase. All this could contribute to almost 5-20 percent of the bare cost of the apartment.
  • It is important to understand about the final usable area of the apartment, especially in case of apartments under construction. Most of the times, the sale would be on super-built up area. Consumers need to be comfortable with the liveable area they will finally get to use.
  • Estimate the total cost of running the home. This will include maintenance charges, property tax, and increased commuting charges as compared to your present place. Please ensure that this fits in your monthly budget.
  • It’s equally important to check whether the building is pet friendly. Societies and apartment complexes cannot object to residents having pets. If you have pets, then this circular will help in case any arguments break out over having pets in your home.
  • If you are buying the apartment as an investment, think through the profile of your typical tenant and whether the location of your apartment is good enough for such a tenant. If it is a commuting couple, see if the apartment is close to the railway station
  • Speak with the watchman of the neighbouring building, in case the building you want buy the flat in is under construction, to find out the situation of water supply, electricity supply, availability of domestic help, level of security and safety, neighbourhood grocery stores, deliveries from restaurants, gyms, day care centres, hospitals and schools, depending on your life situation, and your need.
  • Find the average range of prices in the neighbourhood by asking around. One should speak to people in 2-3 neighbouring buildings to get an idea. There could be a range of 5-10 percent difference even within neighbouring buildings, depending on quality of construction, exact configuration of apartment, etc.
  • If you are buying an under-construction apartment, then visit buildings already delivered by the same builder to check out on quality of his construction, assuming that he would deliver minimum quality here. You can ask occupants of the older buildings on whether the building was developed on time, or whether the developers handed over the building to the society amicably.

To sum it up, buying an apartment is possibly the biggest decision you would take, ranking after your marriage and having a child. You have a responsibility towards yourself and towards your family and doing all the above due diligence before buying your apartment, will ensure that you get what you expect.

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What is the real estate bubble?

A real estate bubble is a sudden and feverish increase in real estate prices of an area, mostly caused by demand and speculation. Real estate bubbles usually form with an increase in demand when the supply is limited, and the limited supply takes a long time to replenish and increase. At such a time, a number of people speculate and their speculations affect the market, which drives the demand further.

For example, announcement of the construction of a new airport in Shamshabad (Hyderabad) led to heavy media speculation. This speculation resulted in people feverishly buying and selling land around the area, and the property prices shooting up. This surge dissuaded developers from investing, and the prices had to be corrected to encourage development.

In many cases, it takes a long time for the price correction to take place, and a bubble can either form while the area is developing or before the development starts.

But, is this development sustainable?
At some point of time, demand decreases or stagnates, prices drop, and the bubble bursts.

What causes a real estate bubble?

  • An sudden and unprecedented upturn in general economic activity and prosperity that puts more disposable income in consumers’ pockets and encourages home ownership
  • The paucity of available land as a result of poor infrastructure drives prices in the most sought-after areas
  • Restrictive town panning rules that stymie development and increase prices
  • Speculative and risky behaviour by home buyers and property investors fuelled by unrealistic and unsustainable home price appreciation estimates

What causes the bubble to burst?

The bubble bursts when excessive risk-taking permeates the real estate system. This happens while the supply of real estate is still increasing. In other words, demand decreases while supply increases, resulting in a fall in prices.

This pervasiveness of risk throughout the system is triggered by losses suffered by homeowners, lenders, and property investors. Those losses could be triggered by a number of things, including:

  • An increase in interest rates that puts homeownership out of reach for some buyers and, in some instances, makes the home a person currently owns unaffordable, leading to default and foreclosure, which eventually adds to supply.
  • Demand is exhausted, bringing supply and demand into equilibrium and slowing the rapid pace of home price appreciation that some homeowners, particularly speculators, count on to make their purchases affordable or profitable. When rapid price appreciation stagnates, those who count on it to afford their homes long term might lose their homes, bringing more supply to the market.

The bottom line is that when real estate prices reach a point where people cannot afford, there are no sales for over a year, developers correct their prices to make real estate affordable, then the bubble bursts.

How to identify a real estate bubble?

A real estate bubble is usually identified in retrospect. But, if we pay close attention, we’ll be able to recognise certain indicators.

  • A sudden and illogical hike in the property prices of a certain area is enough to raise a red flag.
  • Property prices have the propensity of rising. That said, one should always look at the reason behind the said rise. There are areas that have developed and a price rise in these areas is quite justified. However, a price rise based on an announcement or speculation should be considered warily.
  • Every city has certain localities that will always have steep property prices. But, if the prices of properties in a certain area are high because of proposed future plans, then one should avoid investing these areas.
  • One should always look for available/vacant flats in properties to ascertain the existence of a real estate bubble. This means, the developer had raised the prices to an extent where it stopped being feasible for the general populace to invest in his project.

These are indicators of an impending market correction in the near future and you would benefit by waiting for the prices to drop.

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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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