Living in Luxury – Overview of Hyderabad residential villas market

Hyderabad has become the leading real estate investment destination in India and is being viewed as an enticing option for investors and developers. In the past two years the city has experienced a flurry of major residential project releases. 
 
As more people come to Hyderabad to explore new and better opportunities, the demand for residential villas and apartments is quickly growing. In the course of just one year, Hyderabad has seen a strong rise in villa projects, with as many as 10 projects being developed. Being a major IT hub, there has been an increasing rise in the tech population from all over the world. The IT capital of India has seen huge sums of investments into the system, leading to an elevated demand for posh residential areas.

The hotspots: Gachibowli, Hi-Tec City, Manikonda, Kondapur and Nallagandla. These areas gain prominence “due to the proximity to Outer Ring Road, presence of IT SEZ‘s and proposed Information Technology Investment Region; and Hyderabad-Nagpur Industrial Corridor. These areas offer a host of benefits like uninterrupted water supply, electricity, conveyance, connectivity and of course, they are close to tech parks, schools and commercial areas. These factors have contributed to such areas being significantly more costly than others.
 
High traffic locations like Hi-Tech City, Gachibowli are again in high demand due to their proximity to IT centers. Gachibowli is one of the most expensive areas and here, according to residential builders, there is an exceedingly high requirement for villa plans and projects. Builders are developing an increasing number of residential villas in and around Gachibowli, In surrounding areas like Tellapur and Kokapet.
 
The Western Zone of Hyderabad (cyberabad) is experiencing explosive growth and consequently high demand for posh residential villas, because of its nearness to Hyderabad International Airport; and its excellent public facilities. Various reports have pointed out that there will be almost two to three luxury properties available for sale every month in this particular area. The residential activity in North Hyderabad was primarily driven by the presence of industries such as pharmaceuticals, biotechnology and electronics, among others.
 
Another area which is making huge stride in hyderabad residential villas market is Kompally, Affordable properties in Kompally, has made it a destination of choice for people working in IT companies . Luxury projects in Kompally offering stylish residential villas that range above a crore and offer unique amenities, such as club house, outdoor tennis court, swimming pool, power backup, gymnasium, security and more
 
Gone are the days when investors and home buyers had to choose from very few residential options. Today, consumers rule the real estate marketplace and they want only the best buck for their money. To appeal to them, builders are now focused on building self-sustained residential gated communities complete with all international facilities. Right from health clubs to indoor swimming pools, developers now have understood that these amenities go a long way in attracting high net worth individuals who are willing to pay the extra buck for a bit of added luxury.

Muppas Indrapratha – Luxury Villas, Hyderabad – Close to Financial District

muppas indraprastha

Muppas Indraprastha – Villas at Tellapur Region near Gachibowli

Muppas Indraprastha is a premium luxury Life Style community with 300 exquisitely designed 4 BHK villas located near Tellapur–Osman nagar–Gachibowli belt with greater traction for villa projects. The location is in close proximity to Outer Ring Road and is best connected to Gachibowli and International Airport.

The project is strategically located between ORR and main road connecting Tellapur to Wipro junction and is in close proximity to fast developing Financial District of Hyderabad. This zone is destined to be the new Tech-hub of Hyderabad. Existing road connecting these areas running parallel to the ring road is being widened to 120 feet road. The existing road network is likely to receive further thrust due to upcoming Technocity at Tellapur. The area is poised to get maximum development attention due to ITIR initiative by state and central Governments.

Muppas indraprastha price information:

(*for site visit: Call 9985869945)

muppas indraprastha price

Salient Features:

  • Gated community project in 36 Acres of picturesque Land
  • 300 nos of 4-BHK Private Homes designed for Life style living
  • State of the art Club House with 36000 sft built up area
  • Well planned central gardens with host of amenities
  • Muppas indraprastha price starts from 1.69Cr
  • Premium 4-BHK Triplex Villas😮 3400 sft Villas in 235 sq.yd Plotso 4050 sft Villas in 300 sq.yd Plotso 4550 sft Villas in 400 sq.yd Plot

Indraprastha offers you the best of both worlds – Located in the prime ITIR region in a world of its own, it is well connected to the city’s hub. The location offers ease of access to best hospitals, educational institutions, restaurants, shopping and entertainment hubs.

Muppas IndraPrastha is in close proximity to the financial district and the ORR leading to Gachibowli and Airport. This stretch has experienced an exponential growth thanks to the upcoming Financial District and the ITIR initiative by the State and Central governments. Muppas Indraprastha price makes it a great investment and it is strategically located between the high growth area of ORR and Tellapur-Gachibowli road.

Near by Establishments

    • Established Tech-hub with all IT majors in Financial district:
      o Wipro Campus, Microsoft Campus and Infosys Campus
      o Capgemini, TCS, Wave rock and CA Technologies
      o Amazon and Franklin Templeton
      o Honeywell and several others
      o ICICI Bank Towers
    • Developing Fast in Close Proximity:
      o 100 Acre Special Economic Zone by Wipro
      o Tata Institute of Fundamental Research (TIFR) is coming up in 209 Acres
    • In Active consideration for Development:
      o American Consulate
      o Data Recovery Site for BSE
      o Google Campus in Kokapet
      o Tellapur Techno city is coming up in 100 acres of land led by a consortium of Tishman Speyer, ICICI and NCC on revenue sharing basis with State Govt. A total of 400 acres land is committed by Govt for similar development, which is also being talked as Financial District Phase 2.
      o ITIR area – Planned development in Tellapur-Financial District area
    • Educational Institutions:
      o Open Minds – A Birla School
      o Manthan International School
      o Sancta Maria International School
      o Samashti International School
      o The Gaudium School
      o Sridevi Women’s Engineering College
    • ISB Campus
      o Institute of Life Sciences
    • Health and Hospitality:
      o Citizens Multispecialty Hospital
      o Continental Multispecialty Hospitals
      o Lemon Tree Hotel
      o Hyatt Hyderabad Hotel
      o Sheraton Hyderabad Hotel
      o Holiday Inn Express & Suites
    • Connectivity:
      o Airport via ORR in 30 Minutes
      o Lingampalli MMTS and Railway Station in 15 Minutes
      o Gachibowli junction in 20 Minutes

Architectural Features:

      • Integrated space planning with Seamless design.
      • Planning optimization for Enhanced daylight and Ventilation
      • Vaastu compliant and Earthquake resistant design
      • Spacious living rooms on every floor
      • Well-designed Master Bed Room Suites
      • Wide balconies with glass railings
      • Private terraces

Muppas Indraprastha – Development Highlights:

      • Large Entrance plazas with Waiting lounges
      • Well-designed Gardens & Avenue plantation
      • Exciting Indoor and outdoor activities
      • Parks with walking tracks
      • Play areas for all Age Groups with soft mats for Tot lots
      • Feature Walls and Yoga Decks
      • Open and Covered Sit-Outs & Decks
      • Multi-location Guest Parking
      • Under Ground cabling

Muppas Indraprastha – Club Amenities:

      • Half Lap Olympic size pool
      • Toddler Pool and Jacuzzi
      • Pool side Juice bar/ cafeteria
      • Party Lawn with split level gardens
      • Party Hall / Multipurpose Hall
      • Cafeteria
      • Air conditioned Guest Rooms
      • Massage / Physiotherapy Room
      • Steam & Sauna Room
      • Unisex Salon space/Contemporary Spa
      • Mini Theatre
      • Meeting Hall & Admin Office
      • Yoga/ Meditation/ Aerobics Hall
      • Convenience Store
      • Maintenance kiosk
      • Guest Parking
      • Net metered Solar Power
      • Air-conditioned Gym
      • Sports and Games attached to Club
        o Indoor Shuttle Badminton Court
        o Billiard / Pool Table
        o Indoor Golf Putting
        o Foosball (Table soccer)
        o Table Tennis
        o Chess/ Card Table/ Carom
        o Exclusive Indoor Children’s Play Area

Sports and Games Facilities:

      • Tennis court
      • Indoor Shuttle Badminton court
      • Basket Ball court
      • Mini Soccer / multipurpose ground
      • Practice pitch for Cricket ( 2 nos.)
      • Skate board park/ Skating rink
      • Outdoor Gym
      • Walking/ Jogging Track
      • Children play areas with adventure games

Other Amenities:

      • Sewage Treatment Plant
      • Water treatment plant
      • Broadband connectivity
      • 100 % power back up for common areas
      • 8 KVA power backup for Each villa
      • Solar Water Heater (optional amenity)
      • Roof top solar units (optional amenity)
      • Rain Water Harvesting with Bio swales

Responsible Living:

      • Harnessing Solar Energy for Heating and Lighting purposes
      • Energy efficient fixtures and Equipment
      • Water efficient Landscape & Rain water Harvesting
      • Tobacco Smoke control

Security Arrangements:

      • Solar Perimeter Fencing
      • Security gate with Boom barriers
      • Entrance plaza and Waiting lounge
      • Gate Intercom
      • CC TV cameras at Gate, Club and Utility areas

Services at your door step:

      • Regular Maintenance
        o 24 HOURS Security services
        o CCTV and Security system
        o Common area cleaning and lighting
        o Landscape management
        o Swimming Pool maintenance
        o Garbage pickup and disposal
        o STP and WTP maintenance
      • Outsourced paid optional services
        o Villa housekeeping & Pest control
        o Villa Gardening
        o Clubhouse Operations
        o Rental Management
        o Sports Training & Games Management
salarpuria sattva purvankara

Salarpuria Sattva buys, Puravankara sells land parcels in Hyderabad

 

In Last couple of months, real estate action in hyderabad has been quite exciting. Bangalore Based Salarpuria Sattva Group has bought 10 acres of premium land in Hitec City in Hyderabad from BPTP, a Gurgaon-based builder for an undisclosed amount. The deal was closed last week and Salarpuria plans to build 4 million sq ft office space.

 

Last Year, Salarpuria Sattva Group has launched mixed development project MAGNUS at Jubilee Hills.

 

About 10 million sq ft of commercial space is under construction in the city. Knowledge City by Salarpuria Sattva Group is one of the biggest projects coming up in Hitec City, Hyderabad, with an outlay of $1 billion. Some of the large clients at the business park include Novartis Healthcare and Microsoft India (R&D).

 

Following up on three landmark projects, Knowledge City, Cyber Park and Necklace Pride in Hyderabad, the Salarpuria Sattva Group has launched mixed development project MAGNUS at Jubilee Hills, Shaikpet, adjacent to Hitech City, Last Year.

 

Bengaluru-based real estate developer Puravankara Ltd had bought this land way back in 2007-08 for Rs. 403 crore.

 

In other news, Realty firm Puravankara Ltd has sold a 19-acre land parcel in Hyderabad for Rs. 475 crore to pharmaceuticals company Hetero group as part of its strategy to monetise assets and cut debt. Bengaluru-based real estate developer Puravankara Ltd had bought this land way back in 2007-08 for Rs. 403 crore.

 

The company has already launched housing project Provident Kenworth in Rajendra Nagar on 20 acres of land parcel in Hyderabad and is also constructing commercial projects on over three acres of land.

prestige highfields puppalaguda

Prestige HighFields Puppalaguda – A Project Showcase

Prestige High Fields. This high-rise premium residential development will showcase the company’s signature style of design and quality catering to global standards, with well-planned architecture and extensive landscaping. In addition, Prestige HighFields Puppalaguda is all set to become a landmark in the city as the first-ever Disney-themed residence in Hyderabad.

 

prestige highfields

The USP of Puppalaguda is the availability of land. Unlike in the Hi-Tec City region, where there’s very limited private-owned land available for construction, this belt has plenty. The rates too are reasonably lower than those prevailing in the core IT hub. While an acre of land in Hi-Tec City is priced at Rs 20 crore (approx), in and around Puppalaguda, Gachibowli the same costs Rs 11-16 crore.

Prestige High Fields

Spread across 21.85 acres and located in the heart of the financial district, Prestige High Fields is the city’s first Disney-themed residence. Situated in Puppalaguda, in close proximity to IT giants, MNCs, international schools, hospitals, malls and a Golf Club, it offers a combination of 2, 2.5, 3, 3.5 and 4 bhk apartments in a cluster of 10 towers with 2660 flats in all. The total built-up area for the residential development is about 6.2 million sft, including the basement parking. The towers range from G+27 to G+33. The apartments range from 1280-2833 sft.

 

Prestige HighFields Puppalaguda has been designed in a manner such that it creates an avid skyline of the towers, with a visual break between the residential blocks and the Clubhouse.

prestige highfields gachibowliThe apartments have been designed to create efficient and spacious living spaces, which exude visual warmth and elegance. Each unit enjoys abundant light and fresh air while framing the beautiful vistas of Hyderabad. Each tower has access to the central landscape area through a dedicated Lobby on the ground floor.

 

Nestled within this beautifully landscaped setting is the Clubhouse which is spread across a whopping 1,20,000 sft (approximately). The Clubhouse provides all amenities and facilities that are necessary for a modern lifestyle – gym, spa, badminton and squash courts, a mini theatre and a guest room, supermarket, pharmacy, ATM, party hall, restaurant, creche, boutique, library, and a salon. Moreover, primary vehicular movement has been confined at the entry level to ensure safety for children’s and elderly persons’ movement.

 

To Know More about the project and Site Visits, Contact +919008398289

Non Resident Indians

An Non Resident Indians (NRI’s) guide to investing in property

For many important reasons, people dwelling outside India that is Non Resident Indians (NRIs), Person of Indian Origins (PIOs) and foreign nationals have been procuring immovable properties like Bungalows, flats, luxury villas and commercial properties in India. With the rupee falling, real estate has been one lucrative investment option for non-residential Indians (NRIs).

What property Can i Buy?

NRIs can buy all sorts of immovable properties in India other than agricultural land, farm house and plantation property. To acquire agricultural land/plantation property/farm house in India, they have to get approval from the RBI and the government. The RBI’s regulations on it are fairly easy as well and you do not have to take any prior permission from the authorities. The rules for any such property transaction fall under the Foreign Exchange Management Act (FEMA).

FEMA – Some Guidelines

A person residing outside India, planning to buy or sale an immovable property is regulated by Foreign Exchange Management Act, 1999(FEMA) under Section 6 (3) (i), Foreign Exchange Management Regulations, 2000 (Acquisition and Transfer of Immovable Property in India) and Master Circular on Acquisition and Transfer of Immovable Property in India.

The regulations for acquiring or transferring the immovable property in India are administered by the residential status of a person under FEMA. FEMA has sorted persons in two distinct categories namely ‘Person Resident in India’ and ‘Person Resident outside India’ which has been further categorized as Non- Residential Indian, Foreign National of Non-Indian Origin and Foreign National of Indian Origin.

FEMA has further defined Non- Residential Indian (NRI) as a person who is a citizen of India but resides outside India. This puts forth another term, Person of Indian Origin (PIO). PIO means an individual (not a resident of Afghanistan or Bhutan or Bangladesh or China or Nepal or Pakistan or Sri Lanka.) who at some point of time held an Indian Passport; or who or either of whose parents or either of whose grandparents was a citizen of India under the Constitution of India or the Act of Citizenship, 1955 (57 of 1955).

Under Section 6 (5) of FEMA, a Person Resident Outside India can purchase, transfer, invest or own any immovable property in India if it was owned, acquired by a person residing in India or inherited from a person who was a resident of India.

Funding the Purchase by NRIs (Non Resident Indians)

NRIs’ holding non-resident external (NRE) or Non Resident Ordinary (NRO) rupee accounts in India are eligible to buy property by issuing cheques from such accounts. NRIs’ holding deposits in Foreign Currency Non-resident (FCNR) accounts can also make purchase using funds from such accounts. Besides this, overseas currency can also be brought to India through legitimate banking channels.

Am i Eligible for Home loan?

The RBI has given a general permission to banks and housing finance companies registered with the National Housing Bank to provide loans to NRIs for buying residential property in India. Sanctioned in Indian currency, the loan has to be repaid using the same currency. However, the loan amount, according to the regulations, cannot be credited directly to the bank account of an NRI and has to be disbursed to either the seller’s or the developer’s account. The loan can be repaid using funds in an NRI’s NRO/NRE account or FCNR deposits.

As per the tenets of the Income Tax act of India (section 24), interest on a home loan is deductible from the income gained from house property to the extent of Rs.2 lakh per annum for self-occupied property. Other than self-occupied property, actual interest paid can be claimed as a benefit. Over and above this, up to Rs.1.5 lakhs is deductible on account of principal repayment under the overall limit available as per section 80C.

I’m Not willing to travel for registering the property?

It is often that NRIs’ (Non Resident Indians) are not willing to travel to India for registering the property in their name. In such cases and situations it is within their rights to issue POA in favour of a close relative residing in India. The relative can then sign on the purchase contract on his behalf and also register the same in his or her name. The POA, per se, must be signed by the NRI in the presence of a notary or consulate officer in the country of his residence.

Once the POA is sent to India, the POA holder will have to sign and adjudicate it within three months from the date of assigning the power, at the registrar’s office in India. After this procedure is completed, it can be said that the POA has been legally given.

Repatriation of funds and tax implications for NRIs

When a sale of property takes place and the amount so received as sale proceeds is sent abroad to the country of the NRI’s residence, it is called repatriation of funds. The process involves conversion of Indian rupee to foreign currency.

As per the Indian tax laws, if an NRI holds a property in India, he or she is not liable to pay tax unless there is a rental income accruing from it. However, if the property is sold, then capital gains tax – short term or long term, as the case may be, is applicable.

 

carpet area

Sell only on the basis of Carpet Area – RERA Act

Carpet area should only be considered for calculating the final price, so that a buyer will get to know how much He/she is paying for the each sq. foot that will get to use.

Typically, most developers sell apartments on the basis of super built-up area. Carpet area is usually 25-35% lower. For instance, if an apartment is said to be the size of 1,500 sq. ft, the actual usable area, or the carpet area, will be 975-1,125 sq. ft.

lets talk about the Jargon first.

Carpet Area – It means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts,exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.

Built-up area (Loading) – It is the area in and around the flat that is not usable, and is separate from the carpet, or usable area of the flat. Built-up area includes walls, balconies, and in certain cases the common passage used by owners of different flats on the same floor.

carpet area

Common Area – Lobby, Lift, Stair Case, Club House, etc. These are the areas which are considered under the ‘Common Area’ Tag. Common Areas are different for different projects or builders, you should check up with your Builder before buying.

Built-Up Area + Common Area = Super Built-Up Area

 

Super Built-Up Area is also called the Saleable Area. The final price Quotations are made according to Super Built-Up area. For example: The Super Built-Up area is 2000 Sq.Ft and the rate for the flat is Rs. 5000 per square foot, so the final price would be 2000Sq.Ft X Rs. 5000 = Rs. 1,00,00,000 or 1 Crore.

While this may come as great news for those looking to buy a home, chances are high that builders may increase the cost of per square foot for the carpet area to offset the revenue they would lose.

This clearly means that even as the Government tries to bring more transparency into a sector, its aim to bring down prices of apartments may fall flat.

Builders are already looking at raising the prices (per sq ft), by roughly 25% in order to recover the money they would have otherwise lost with this RERA Bill. Ultimately, prices will be balanced out by developers, or may, in some case, even rise in the short term.

 

Declare March 10 as ‘Homebuyers Day’ , Urged by Home Buyers Group

homebuyers dayA pan-India home buyers’ pressure group, ‘Fight for RERA’, has urged the government to declare March 10 as ‘Homebuyers Day’ to highlight the empowerment of homebuyers, who have being suffering in the hands of developers.

Fight For RERA has played an active role in aggressively lobbying for the passage of the real estate regulatory Act. One of the man reasons that Home Buyers group are fighting is because of elimination of some key transparency features  in the Maharashtra RERA draft.

On implementation of RERA, it will change the ways in which residential housing projects are planned, offered, sold and possessed across India. Property buyers will no longer need to worry about unfair contracts, delayed possessions, non-notified alterations in building plans and other risks.

In a letter to Union minister for housing M Venkaiah Naidu on February 27, the home buyers’ group has also requested the minister to announce awards to be presented on ‘Homebuyers Day’ every year by the ministry for home buyers or homebuyers group which have taken forward the agenda of fulfilling home buyers aspirations.

The Real Estate (Regulation and Development) Bill was passed last year on March 10 after a long wait of 8 years.

7 Reasons GST might bring cheer to Home Buyers & Developers

GST , once implemented, will replace multiple taxes such as VAT/CST, excise duty etc with a single tax, reducing cost for all the players and thus increasing the demand in the real estate sector. we analyse its possible implications on important stakeholders – the home buyers & Developers.GST

 

  1. The proposed GST tax regime, pundits say, might rescue end consumers from the hassle of paying various state taxes at different levels, and which is likely to subsume 17 indirect taxes upon implementation, will remove the disparity in the taxation structure across the country and bring one uniform tax rate.
  2. GST is expected to bring down the project cost for developers, since a lot of the indirect taxes are paid by developers, a likely reduction of taxes makes a straight case for them to pass on the benefit to consumers.
  3. GST will bring more transparency to the sector, GST would provide an audit trail which will encourage all entities and individuals in the business value chain to pay tax for better control and monitoring of the sector.
  4. Unorganised entities who were avoiding paying taxes for decades and refuse to adhere to new GST guidelines would go out of business or be forced to sell out to larger organized companies. Ultimately, this will benefit customers because there will be transparency and stability in property rates.
  5. The whole payment process for purchasing the property would become very convenient for the buyer. In which case, even a higher rate would be acceptable to home buyers than a lack of clarity.
  6. Hassle of paying different duties and taxes at various regulatory offices will be much more manageable for real estate developers
  7. GST might benefit real estate players as credit and liquidity improves, ensuring higher margins for developers.

 

 

 

 

honer vivantis

Honer Vivantis Towers at Gachibowli

Honer Vivantis

Honer Vivantis Towers is a premium gated Community project with 760 Flats in 11 Acres of Land, aesthetically designed 10 Towers with G +12 Floors.

 

A GHMC approved & IGBC certification sets up new benchmarks and provides best in class features. A well planned on-time delivery and Quality Service by the well renowned company “TATA PROJECTS”.

 

Honer Vivantis Towers is a premium gated community with state of art design, world class modern amenities and facilities with well laid out landscaped eco-system for a comfortable and exclusive lifestyle. A full-fledged clubhouse of 38000sft with well-equipped gym, swimming pool, indoor games & the outdoor games include – cricket practice net, tennis, basketball, golf putting area, skating rink, additional outdoor gym, meditation and yoga deck and much more……

 

Honer Vivantis Towers Location Advantages:

o   5 Minutes’ drive from Wipro Circle, Microsoft & Infosys.

o   10 Minutes’ drive from DLF Building, TCS & Wave rock.

o   15 Minutes’ drive from Raheja Mind space, In-orbit Mall.

o   10 Minutes’ drive to Lingampally MMTS.

o   40 Minutes’ drive to International Airport

 

International schools: Manthan – 0.8 kms, Sancta Maria – 6.5 Kms, Oakridge – 8.2 Kms, Epistome Global 4.6 Km &Vista school 2.6 Kms.

Hospitals: Citizen Hospital – 4 Km’s, Continental 6.5 Km’s & Pranaam Wellness – 5.5 Kms.

 

Honer Vivantis Towers Project Highlights:

o   24×7 Security

o   Car wash area

o   CCTV Camera Security

o   Piped Gas

o   Security Cabin

o   Vastu Compliant

o   Water Softener Plant

o   Wi-Fi Connectivity

o   Cafeteria

o   Creche/Day care

o   Grocery Shop

o   Library

ECO FRIENDLY:

o   Garbage Disposal

o   Landscape Garden

o   Rain Water Harvesting

o   Sewage Treatment Plant.

For Site Visit and Bookings, Call 09008398289

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