hyderabad real estate reviews

The below reviews are taken from various sites(mostly in reference with indianrealestateboard.com) to give a overview for someone who is searching  in the web.
Nothing in favour or against anyone.


http://www.indianrealestateboard.com/forums/showthread.php/7468-Area-Miyapur-Bachupally-Nizampet/page10



Narayana-Homes-Miyapur-Bachupally



This looks to be a very overly priced as -

Land cost around the same area - Rs 4000 per sq yard (close to 6L for 131 sq. yards) (got a land owner in the area ready to sell 400 sq. yard at the same rate)

Construction cost - every one know a ball park figure of 1000 per sft (1600 sq ft - 16 lakhs)



Approach raod is bad from either direction (Coco cola or vedri township)



At 23 - 24 lakhs looks reasonable but at 30+ look overpriced.



Rather than running after this kind of projetcs, better would be to buy a plot in JP Nagar, HUDA Mayuri, HMT swarnapuri and buid on your own. You can accomplish a Duplex in 30 lak budjet.



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Ushodaya's Signature in DeepthisriNagar(Miyapur)



Location wise this is good but there are drawbacks with this project:

1.The builder(subramanyam) is very adamant if you want to negotiate on the price.He has no respect to the customers.

2.Last year in sep/oct this area got flooded with water when it rained heavily.The water from Miyapur lake(near Talkie town) flows very next to this building and it became so difficult to cross this road either by walk or by vehicle.

3.If this continues everytime then this project is a mere waste of money.

4.The small road leading to this building from the main road is already heavily crowded all the time.Imagine if another 180 apartments(ushodaya) come,then this will be a congested road because there is only one road connecting to this project.



These are my research points on this project.Now its your decision if you want to go ahead with this project...



the builder is a head-tight person with rude behaviour.



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http://www.mouthshut.com/review/Aparna-Construction-Hyderabad-rtutpormmn



Aparna Sarovar Bad maintenance



Watch out when you are dealing with Sarovar maintenance.

Simple they don’e respond.If they do they dont come.If they come they dont know.If thy know thy never come back.If thy come

back thy dont respond...some vicious cycle.

Flats are amazing but maintenance team is bad.

1.Plumbing problem your roof leaks..paint spoilt.

2.Sinks are stuck.Problem keeps reoccuring.

3.Main door lock dammaged twice.Bad quality given.Once lock didnt open no one was there to help us also.

4.No signal of ru r mobiles anywhr in the flat...and no TV signal.

5.Intercome not set yet.People dont do 1 thing in 1 time.They keep makign 10 visits.11th time thy do but things are not perfect.

so many................... just make sure you guys choose a better maintenance team.....and keep ur demands perfect.



Club house amazing superb quality,recently opened..lets c how they maintain it.



I recommend onlyif you are ready to take the burden.But its painful for us initially







The prices they are charging for club house facility are crazy. this is absolutely unacceptable considering they charged the flat owners for the construction of club house and equipments in it (about 6L for amenities). they are asking per person per month

1000 for gym

1000 for outdoor swimming

1500 for indoor swimming pool

and so on.

considering they are charging 3000 for maintenance (already taken 2 year maintenance in advance).

charges for DG backup (yet to get the bill). charges for amenities

(if you use all for family its about 5-6000 PM. in total i would be paying what I was paying as rent before s

hifting to aparna sarovar. we are stuck here since you are in ’’MIDDLE OF NO WHERE’’.

builder is making more money in maintenance and club house charges than he would have made in flat.

be mindful before buying flat from aparna constructions. and ofcourse maintenance for flats is poor.

plumber, electrician etc. will visit your house 20 times and wont fix the problem



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http://www.mouthshut.com/review/Mansani-Constructions-Hyderabad-pprrlqrpqm



Mansani-Constructions-Hyderabad



Mansani

constructions, hyderabad is un trustable real estate housing

contruction company. They talk very smart and polite before booking the

house. Their construction

quality is very poor. They Construct the

house with out proper any permissions from the required authorities.

Later we will end up paying so many penalty fee.

They say deliver

house in 6 months, but it never happens to any customer. minimum 2

years they take. If the rates shoot up mean while, then they will ask

for additional payments. This is a big cheating company. Never book

house for construction here. Their rates seems to be very competitive ,

but in the end we will end up paying more than market price for no

additional benefit . They really create lots of headache even during

construction. They are very good in booking and collecting payments but

worst when it come to delivery and construction of the house on time..

They have beautiful web site also http://mansaniconstructions.com

take care my friends before booking a house here..



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in 2010 Dec



current price behing JNTU (on the way to vasanth Nagar) between Rs.27000 to upto a max of Rs.42000



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http://www.indianrealestateboard.com/forums/showthread.php/7468-Area-Miyapur-Bachupally-Nizampet/page8



Nizampet flats



YOU CAN SEARCH ONLINE AT http://igrs.ap.gov.in/pls/anybody/te...ag_name=PUBLIC

http://igrs.ap.gov.in/pls/anybody/lr3

but cautious while buying flats at Nijampet. check whether BPS/ lrs COMPLETED OR NOT

( FINAL APPROVAL RECD. OR NOT ). LAND USAGE CONVERSION DONE OR NOT.

just paying the first installment of LRS/ BPS wont be enough.



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Apartments in puppalguda



Only thing you should look is their building permission.

Most of them got gram panchayat permission...for G+3.

I read from recent article-Eenadu, that apartments shoud be built in gram panchayat upto G+2.

Better is to book the flat G or G+1 or G+2. Luckily I booked G+2 in Madhavi residency

(belongs to Madhavi constructions).



It is pretty simple. Give one or two lakhs as bribe and

you will get a stamp on the building plan(even for g+3) in hyderabad. But that will not make you future safe.

Since GP has no authority to issue G+3, that doc even with the stamp is not valid.

But yes, if you get it regularized you are safe.

Remember, after paying the corrupt surpanch, you should keep on paying when ever the inspection team changes. Otherwise they will scare you by saying they will demolish it. Its a common practice in Hyd.

How To Buy A Plot

Buying a plot or site is difficult investment decisions for any investor. If you are buying a plot for construction purpose, you need to consider some key factors before buying a plot. There are number of factors to consider while investing or buying a plot. Following are some important things you need to consider before buying a plot for constructing your dream home or villa.


Budget: If you are buying a plot for constructing your home, you need to consider budget. Unlike buying a house or apartment, it is important to set out your budget in advance and work out the costs from the beginning. Buying a plot for construction purpose need budget for buying plot and budget for construction. It is also important to set aside some surplus cash for unforeseen cost.

Location: Choosing the location of plot is vital if you are planning for investment or constructing home for letting out for rent. To get your residential plots or lands in a best price, location, infrastructures go to the various online classified websites. Proximity to commercial hub or center of the city is always the best location. Check out if there are good schools, Hospitals and transport facilities such as distance to bus stops, railway stations, Bank and supermarkets etc. Check for rate of property currently going on in that location by asking few people or agents, so that you will not land up putting up more money in the deal.

Real Estate Professionals: Real Estate Professionals provides you with listings of plots and property for sale. You can also seek assistance from your friends, relatives or local realtors to find a plot in your budget and in good location. Nowadays real estate professionals and real estate agents offer their service through real estate portal which allows property buyers to search real estate properties online.

Financial Assistance: You can get loan for both – buying a plot and for construction. Banks and financial institutes offer “Land Loan” for purchasing land for both construction and investment purposes. One thing that you must remember is that there are no tax sops if you take a loan to buy a plot of land. Banks and financial institutes offer “Home construction loan”, if you are constructing home or villa in that plot of land. If you are buying a plot and constructing your own house, you can get a tax break. In such a case, the total amount will be combined and you will get the tax benefit on the entire amount.

Tax deductions: Buying a plot for investment purpose, there are no tax benefits on a loan. If you are buying a plot and constructing your own house, you can get a tax break only in the year in which the construction is completed. In that year interest on land loan as well as the construction loan till the end of the previous year shall be taken together for deduction. The principal repayment you make on your home loan is also eligible for income deduction after construction is completed.

Clear and marketable title: The demand for residential property in cities is increasing day-by-day. If you are buying a plot or property, ensure that plot or property has clear and marketable title. There are number of case where property buyer may find himself in a situation where he stands with no property and no money. Check whether the seller has a right over the property. Ensure the layout has been approved by the city development or planning authority and there are no legal dues and complaints on the plot you are buying. An independent solicitor or lawyer is always recommended in property deals.

It is crucial to get a land survey of any property you plan to buy before you sign on the dotted line.It gives you a chance to know what exactly you are buying and can let you know about potential legal and other issues that might arise in the future.A land survey done at the time of purchase will help you in the case of any legal disputes over property boundaries, titles, easements and other issues. It is advisable to measure the land before registering the land in your name. Ensure that the measurements of the plot and its borders are accurate.

reference: http://a2zpropertyhub.blogspot.com/

Factors To Consider Before Buying A Plot

Buying a plot of land can be a rewarding purchase especially in the city struggling for space and where real estate value is soaring. But before you buy a plot of land, there are some vital or key factors to be considered to ensure that you are dealing with right seller and investing in plot approved by Town planning department or concerned authority. Following are some key points you need to consider before buying a plot


Key factors you must check before buying a plot

Buying or investing in plot is one of the difficult investment decisions for any investor. Before buying a plot of land, a number of checks need to be done to confirm that the land has a clear and marketable title.


Check whether the seller has a right over the property. The first step is to see the title deed of the land which you are going to buy. Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person. It is better to get the original deed examined by a lawyer.

Before buying plot of land, it is important to confirm that the land does not have any legal dues. It is available as a certificate called encumbrance certificate from the sub registrar office where the deed has been registered, stating that the said land does not have any legal dues and complaints.

Verify whether the layout has been approved by the City Development Corporation and the local body.

Be sure to research any contingencies, which may hinder the development of the property. Determine if the plot of land has the necessary infrastructure to build your home. There should also be a deeded right-of-way, allowing the right to build a public road or accessibility to the land.

Ensure that planning permission and building approval has been obtained from City Development Corporation from the local body concerned.

Check whether the abutting or neighboring road of the plot has been maintained by the local body or has been handed over to the local body.

Verify the land-use zone as per master plan for the plot.

Loan for Buying Plot
Banks and financial institutes offer “Land Loan” or “Land Purchase loan”. A land loan is a financing option that is meant to be used just for the purchase of land. These loans are available for purchasing land for both construction and investment purposes. The quantum of loan sanctioned, depends on a number of factors like the cost of house/flat, person’s age while applying for loan, income, repayment capacity etc. However, any individual aged 21 years or above having regular income is generally eligible to apply for land loan.


Banks usually insist that the land you are buying, whether it is for your house or for commercial purpose, should be from a development authority or from a society, implying that it should be legally safe land. Even if banks were willing to provide a loan for a plot of land, it may come at a higher cost and not at the home loan cost which is considerably cheaper than a plot loan. One thing that you must remember is that there are no tax sops if you take a loan to buy a plot of land. Normally, lenders will not finance more than 60-70 per cent of the total cost of the plot and the remaining has to come from your sources.

If you build a house on that plot of land, you will be eligible for both Land loan and Home construction loan. Land loan enables you to buy plot of land and Home construction loan enables you to construct the home in the plot you purchased.

Tax benefits on a Land Loan
A home loan attracts a significant amount of saving from income tax. But there are no tax benefits on a loan taken to acquire a plot of land. Therefore, a home loan brings a significant tax incentive for the borrowers, especially for those in the high taxable bracket. There are no tax benefits for purchase of plot of land. But if you are buying a plot for construction purpose you can get a tax sop on loan. In such a case, the total amount will be combined i.e, loan for purchasing a plot and loan for construction of house or villa is combined and you will get the tax benefit on the entire amount.


The tax deductions will be applicable only in the year in which the construction is completed. In that year interest on land loan as well as the construction loan till the end of the previous year shall be taken together and one-fifth of this cumulative interest plus the interest payable for the specific year will be eligible for deduction. The principal repayment you make on your home loan is also eligible for income deduction under Section 80C.

15 Things You Should Know Before Buying A House

If you are a first time property buyer, this article will show you a checklist of things that you should verify before buying. For second home buyer or real estate investors, this article will be a guide for property buying or investing in real estate. Following are important things to know before buying a house to minimize your risk.


Budget: You need to know how much money you will have each month to meet your expenses. Remember that your first property will seldom be your final property, so search after your present property getting needs first, and let the long term take care of itself. You should guarantee that the property you are getting will satisfy your present needs and be inside of your budget. As a property buyer, understanding your family’s present major needs will help you make the right decision.

Location: Take a good look at the location and the locality. It is better to try a place adjacent to the prime location of your city so that the price is not that high. Location will also have a large impact on the resale value of your home choose wisely and your home may be your best investment.

Rental rates in the area: If you are planning about investing in a rental property, homes in high-rent or highly populated areas are ideal. Knowing rental rate in area helps you to choose right property and location.

Good Resale Value: Resale Value is important thing to consider before you plan to invest or buy a property. The property buyers never consider resale value when they buy. They make the mistake of focusing solely on prime locality or the budget for property. If you choose wrong property or location, it is possible that your future sales price will always be less than the other homes around it.



Loan eligibility: Home loan eligibility depends upon the repayment capacity, income, exiting loans or debts and age of the loan applicant. The lending company or Banks provide online services such as Home loan eligibility calculator to calculate loan eligibility of the home loan borrower. The maximum loan that can be sanctioned varies with the banks and the eligibility criteria may vary according to the bank or RBI regulations. As home loan rates increase, the loan eligibility for a borrower becomes stiffer.

Stamp Duty & Registration Fee: This is an important expense or tax much like the sales tax and income tax that are collected by the Government. When planning your budget for property buying and deciding to buy a property, you need to know the rate and charges applicable in your city. If you want to know the market value of your property and the stamp duty amount on it, you need to contact the Ready Reckoner to locate your valuation zone and sub-zone. Find out the stamp duty amount applicable to you as per the market value.

Additional Costs: Even if this isn’t your first home buying experience, you will want to get help from a team of professionals. Fees or Service charge by real estate agents, Lenders or mortgage broker, Home inspector, Land surveyor, Lawyer or notary etc should be considered. Find out how much is the maintenance charge. Will car parking be provided and do you have to pay extra for it. If your previous owner did not have a vehicle, speak to the secretary of the society and ask for a parking lot.

Connectivity: Connectivity plays vital role for boosting your property resale price or attracting tenants. Ensure the property is located in an ideal location with good connectivity. Investing in property that can be easily reach to and from major airport, railway station, bus service etc are ideal and recommended.

Neighborhood Amenities: When searching for a new home, there are the usual considerations of location, price, and layout. Neighborhood Amenities is one of important things you should consider for before investing on a property. While making list of amenities, include the proximity to schools, hospital, banks, shopping, restaurants, entertainment and parks.

Traffic in Peak Time: Some areas or localities of a city are known for traffic jam and working professionals or tenants try to avoid such location. Drive by the property at peak traffic times to get a feel for the neighborhood at different times of the day and the week. Check what is the amount of passing traffic, will it be noisy at peak hour etc.

Research about builders: There are tons of questions a property buyer should ask a builder. The more you know or communicate to your builder, happier you will be at the end of the project. Buyers should also research and verify a developer’s reputation. To ensure that the builder is faithfully following what he has promised you, ask for a copy of the project’s drawings duly stamped by the municipal authorities. The developer is allowed to make some changes in the original plan.

Property insurance: Property insurance safeguards your financial future if certain damages occur to your property. The cost is relatively low and provides coverage in case of problems with the property title, certain damages or any legal issue. There are many different home insurance policies to choose from, with varying levels of protection. When making a decision to protect your major assets, it is important to have a resource you can trust to guide you along the way. Choosing right House Insurance protects your property and makes the process of buying easy.

Tax Planning: Tax planning, a legitimate exercise and should not be confused with tax avoidance or tax evasion. Tax benefits can be claimed on both the principal and interest components of the home loan as per the Income Tax Act. You can also purchase property in joint names. Joint home loan is an option that might prove fruitful for married couples. Know about your Home Loan and tax benefit available on it.

Water supply and sewage systems: If you are buying property you need to consider your water supply, particularly in areas, towns etc where excessive development has taken place. The affect on the local water supply and the additional sewage and waste disposal problems has, in many areas, been deplorable and will most likely in the near future escalate the cost of providing quality drinking water. Before investing on property, ensure your property will get quality drinking water throughout year and civic body provides good sewage systems.

Legal Advice: Be it construction, purchase, sale or lease of property-Legal Advice is mandatory. Since property prices are ever increasing real estate investment is very profitable form of investment. Just buying and selling is not enough in real estate investment, you have to be clear about the laws that govern the area of the property. Before buying the property you must take legal advice and prepare a agreement.

When you go to buy your own home, you usually have emotions in it. For many people, owning a home brings a sense of pride and freedom. Remember that your first property will seldom be your final property, so search after your present property getting needs first, and let the long term take care of itself. Whatever you do, understand that buying investment property is an entirely different experience than buying your primary residence. Resale Value is important thing to consider before you plan to invest or buy a property. Before planning to buy a property, know law and team of professionals you need to make the process of buying a home simple and easy.

Common Mistakes In Real Estate Investment

India is one of the most attractive destinations for real estate investments. Real Estate industry in India has reached a culmination point ever since, the gates were opened to the foreign investors. With new homes being built in almost every location, developers are competing for your money with attractive offers or offering incentives on property buying. Following are some common mistakes in real estate investment that investors make.


Not Planning before Investment: Lack of a plan is the biggest mistake that investors often make in real estate investment. They look real estate as a transaction and buy a property that sounds good deal. They buy a house or flat and then try to figure out what next. Real estate investments need planning first and then go for right property that meets your criteria.

No trust in realtors: This is common mistake by first time property buyers or investors who think their real estate agents are just agents of seller. One point that people often do not get into consideration will be the importance of Realtor inside the whole acquiring process of any real estate house. Realtors can supply you very good suggestions as to what actions or components that you may possibly need to take so as to steer clear of any legal impediments or conflicts later on. Property buying or real estate investment is a team work where real-estate agent, an appraiser, a home inspector, a closing attorney, a lender etc has to play as a team for helping investor. Trusting real estate agent is vital for smooth dealing. First-time investors should find a real-estate agent who can help you to locate promising properties.

Fixed set of ideas: It is one of the common mistakes by investors. They often have a fixed set of ideas as to what they wish to do with the property. If you cannot find a good seller immediately or not able to find property that meets your criteria, you need to wait for one or more months than buying a wrong property in hurry.

Location: If you are buying a property for selling in future or renting out, location plays vital role. If it is near public transportation, shopping malls or other amenities, it will attract renters, as well as potential buyers. Homes in high-rent or highly populated areas are ideal for real estate investment.

Money matters: Talk to your financial advisor and also work with your bank on the loan amount before you finalize your purchase. Even if you plan to rent out the property, count on paying the mortgage whenever there’s a vacancy. Even if you are planning to fix up a home and sell it, you may end up holding onto it for several months in the current market. A thorough study of market trends will also help you forecast the growth rate of your property.

Paying more than what it is worth for: Most of the times, investors do not do proper research to find out the exact value of the property. This is a common problem that often investors make at the beginning of their career. Due to mistakes in the analysis, the investor pays too much and then is surprised later when he doesn’t make any money.

If your strategy is to buy, hold and rent out properties, you need sufficient cash flow to cover maintenance. Sometimes, new investors are buying property just based on the idea that the property is going to appreciate. Not purchasing adequate insurance coverage or purchasing less coverage than what is required is one of the common mistakes.

You have to be smart, willing to work, and you have to understand your risk tolerance. It is important to think things through before you put money into a property. Real state sector is not a jackpot or gambling business. It requires a good planning and understanding of real estate trend in your city or neighborhood. Your plan should cover all the factors that are necessary to reach an informed decision.