top 5 locations
CategoriesApartment,  Real Estate

Top 5 Residential Locations in Hyderabad with Best Civic Amenities

Top 5 Residential Locations in Hyderabad with Best Civic Amenities

With so much to look for when you are going to settle in, good civic amenities are also very important. Here are 5 locations with the best civic amenities in Hyderabad.

top 5 locations

  • LB Nagar

If you look around you’ll notice that it is a commercial and residential hub. This already says a lot about how easy and nice it would be living there. In addition to that, water, electricity, technology and all the basic necessary amenities are always available. It has great schools, colleges, cuisines and places to spend time when you’re bored. L.B. Nagar also has great connectivity and sound roads. Looking for apartments for sale in LB Nagar is really not a big deal as 50% of the properties are Multi-storey apartments and a lot of them are on sale.

  • Hafeezpet

This is another city located 21kms away from Hyderabad with the best civic amenities. It has great connectivity, with the railway station being 2 km away. Schools, colleges and restaurants, etc are great and well known. The prices for apartments are comparatively low to its neighbouring cities, with rent for 2BHK apartments ranging from 8-12k a month. So, looking for flats for sale in Hafeezpet shouldn’t be that hard. It has a large market and a great infrastructure making it ideal for living.

  • Tolichowki

Another great area to be settling in is Tolichowki. This suburb in Hyderabad doesn’t just have great civic amenities but also has a lot of history. With mosques, tombs, and other amazing heritage buildings located in this area, Tolichowki sure is an interesting place to settle in. It’s transport includes buses to a lot of cities and taxi services. It is a very well known residential area and has a lot of 2-3-4BHK apartments. There are also a lot of flats for sale in Tolichowki because of the easily available apartments.

  • Bachupally

This is a great suburb in Malkajgiri District and is well known for its economy. Besides the great civic amenities provided, it has a lot of IT parks and pharmaceutical companies. It has great schools, colleges. In fact, one of the best engineering colleges is located in Bachupally. It is very well connected with roads, but metros and railways stations are a bit further off. There are a lot of projects in Bachupally and a lot of employers are from pharmaceutical and tech companies, so there is tremendous growth in the residential areas. Therefore, a lot of apartments are available. Along with that plenty of flats for sale in Bachupally can also be found.

  • Nanakramguda

Finally, we are at our final destination. A suburb in Lingampally, which is an IT, architectural and real estate suburb. It has great and constant civic amenities and a number of fine schools and colleges. The transport system is decent and roads are well connected. flats for sale in Nanakramguda can be a little tricky but the apartment prices are actually quite decent.

It is so important to stress on civic amenities, transports and education when choosing a place. With all this, hopefully, decision making is easier and planning a dream place is finally successful.

Read more: Difference b/w Luxury Apartments & Regular Apartments

 

Related Articles: Reasons to Make Property Investment

3bhk flats for sale
CategoriesApartment,  Real Estate

Top 4 Locations to Buy 3 BHK Flats in Hyderabad

Top 4 Locations to Buy 3 BHK Flats in Hyderabad

There are a lot of options when it comes to buying flats in Hyderabad. Hyderabad is a metropolitan city that offers some of the best residential facilities in India. If you’re looking for 3bhk flats for sale, then the overabundance of choices can make things more confusing.

Things to consider before buying 3BHK flats:

There are many things to consider before buying 3BHK flats for sale. Some of them are listed below:

  1. Amenities: Electricity and water are to be considered along with security, regular upgrades, and internet services.
  2. Type of Property: The type of community, gated or open, makes a difference in the value and safety of your property.
  3. Government Policies: Government policies, to some extent, dictate the upgrades you can do to your property and sometimes, even the price.
  4. Location: Location plays the greatest role in the price of a flat. Certain Flats for sale in Shaikpet sell for a lower price than flats for sale in the hi-tech city.

In this article, we’ll focus on location

LB Nagar

LB Nagar is the residential and commercial hub of Hyderabad. With 3bhk flats for sale in abundance, the locality has gained prominence due to its roads and efficient metro connectivity. Nagole, Kothapet, Saroornagar, and Vanasthalipuram are its neighboring localities. There are a lot of apartments for sale in lb nagar. The area has seen a horizontal development with flats for sale in lb nagar rising in number by the day.

Hafeezpet

Hafeezpet is a suburban locality in Hyderabad that is situated near the NH-65. The locality is mixed with developed and developing areas. Depending on where you are looking, there are a lot of flats for sale in hafeezpet that can fall under your budget. The locality gained residential prominence due to its connectivity and close vicinity near Hitech City and Gachibowli.

Nanakramguda

Nanakramguda is a rapidly growing residential market in West Hyderabad. It is an IT, real estate, and architectural suburb. The place has gained traction in the residential real estate market as more and more people want to live near the place they work at. With a surplus amount of flats for sale in Nanakramguda, the real estate market is only going to grow further.

Tolichowki

Tolichowki is a densely populated area in West Hyderabad. The area offers a lot of housing options like builders’ floors, independent houses, and apartments. Due to its closeness to the high-end technology hubs of HITEC City and Madhapur, it has gained a huge influx of settlers in the past few years. The flats for sale in tolichowki are being sold at a rapid pace and the credit goes to its connectivity.

 Hyderabad is a great city to buy flats in. Especially if you know the right places.  A flat is a long term investment and should be made very carefully without overlooking any details. Choosing the right places depends not only on your budget but also on the number of people living in the flat.

 

Also read: Real Estate Ownership

impact of covid-19 on real estate
CategoriesApartment,  Real Estate

Impact of Covid-19 on Real Estate

Impact of Covid-19 on Real Estate

All the years that came before 2020 suffered high or low prices in the real estate. But, the beginning of 2020 has just marked the worst Impact of Covid-19 on the property dealers. The pandemic has just ceased its market and inflow of income. But the doubt arises in the customers as this situation brings some low prices properties to them.

What is the scenario of real estate dealers in Hyderabad?

When talking about the overall market recession, the primary focus goes upon popular cities such as Hyderabad. Nowadays, apartments for sale in lb nagar have gained momentum due to the low prices. The straight Impact of Covid-19 on Hyderabad’s real estate is visible in the 43% price fall. It is surprisingly the most inexpensive sales figure for the entire decade.

In the real estate and property business, ground workers are said to be the pillars of the industries. Because they are the actual people that give birth to the entire establishment. But the Impact of Covid-19 is visible over the poor workers in the form of a financial crisis. As soon as the lockdown hit the nation, workers had to travel back to their homes leaving the projects behind.

And, all these half-done projects are a burden on the head of builders and dealers. They can neither sell nor complete these projects. Even if they want to sell these properties, prices need to be kept low. Hence, the situation is clearly a loss-full deal for the dealers.

Opportunities for Buyers

The fate of dealers and sellers is clearly in darkness but buyers can still keep their show going. Since the prices are dropping down, the chances of getting a big deal at a small price are high. If you have the right money, then it is a golden opportunity to buy your dream flat or get into some gated community in hafeezpet. In short, property buyers are subjected to the following benefits:-

  • Cheap loan interest rates– During this pandemic, the low-cost properties are backed by low-interest loans too. In case you do not have an ample amount of bank balance, you can take an easy loan at low interests. According to the director and HOR of Anarock, the loan interest rates have now gone down to 7.15% to 7.8% only.

 

  • Great chance to grab some solid asset– While running in the race of leading a stable life, the milestone of earning a secure asset has always remained untouched. But this COVID-19 situation can make you achieve it. Any house/flat/property is a great way to invest your money for good future returns.

 

  • Buy properties from the comfort of home– Since COVID-19 is an era of social distancing, dealers have digitalized their business. Many of the builders and property sellers have moved on to the internet for showing properties in the form of virtual tours. Thus, it will be another good advantage if you can buy your property by sitting at the comfort of your home.

 Conclusion

Therefore, this pandemic has left different impacts on different kinds of people. Dealers and builders might be facing some loss but they can still try to make up for it by other means. Whereas customers should definitely take benefit of this opportunity by contacting some best dealers.

Also Read: Which Company has Best Office Space

 

factors to consider before applying for home loan
CategoriesApartment,  Real Estate

6 Factors to Consider Before Applying for a Home Loan

6 Factors to Consider Before Applying for a Home Loan

Long known to be a safe and smart investment, the demand for property is growing each day. The prices of prime real estate such as apartments for sale in lb nagar have snapped up within months.Whether the purpose of a home loan is to secure a property investment or turn a house into a home, it is an acceptable avenue that can be considered for obtaining funds. With reasonable monthly payments and different repayment plans, banks make the process easier.Nevertheless, acquiring a loan is easier said than done. Much thought has to be put in the process of taking a loan and before you even think of applying, consider these 6 factors to apply for the home loan:

1. Research thoroughly

With the Internet at your fingertips, conduct extensive research on your available options so that you can settle on the right lender for a suitable internet rate and EMI. All these details are to be considered before, during and after the application should be clarified so no hidden surprises show as a rude awakening.

2. Credit score

The first factor to apply for the home loan that should be considered is a good credit score and credit history makes it easier to acquire loans at lower rates of interest with added credit benefits.  A score above 750 and close to 900 is considered great by lenders consequently leading to easy approval of the loan.

3. Rate of Interest (Fixed/Floating Rates)

A fixed rate of interest is when the interest rate stays constant from the time the loan was sanctioned, regardless of any fluctuations in the financial market. On the other hand, a floating interest rate signifies that the interest rate at which the loan was sanctioned will vary as per the market conditions. In today’s financial market, most borrowers prefer a floating rate of interest as it is proved to have more long term benefits, as compared to a fixed rate of interest.

Also Read: Important Things to Consider When Taking a Home Loan

4. Repayment Tenure

When you opt for any kind of loan, make sure to check whether the bank will allow you to opt for shorter repayment tenure. It is always advisable to opt for a shorter tenure, because the more time you take to pay off the loan, the more interest you need to pay.

5. Employment Stability and Number of Dependants

Banks carefully consider applicants with a larger number of dependants. Larger the number of dependents lesser becomes the possibility of getting the loan sanctioned with lesser interest rates. The lenders make an assumption that if there are more dependents, the loan repayment capacity of the borrower decreases, as his/her monthly salary will be spent more on dependents, resulting in delayed or missed EMIs. Stable employment and regular income help provide a favorable impression.

6. Changing Lender or Balance Transferring 

Borrowers can switch their current lender with another lender. Mainly, the shift is made because of the low interest rate offered by another lender. If this is done, a prepayment penalty is levied so this should only be considered if there is a significant change in the interest rate. The additional cost is a processing fee that is paid to the new lender.

Taking all these factors into thought, decide for yourself if a home loan is the right decision for you or not.