Many people dream of buying a home in Hyderabad. But only a few fulfil their dreams. The rest, no matter how hard they try, sometimes cannot fulfil their dream of buying their own house. The main reason for this is that many people are afraid to take a bold step forward. And if you want to choose a house that suits you in every way, you have to be a bit adventurous. Do you know why?
Generally, what happens when someone is buying a house is that there is at least a 15 to 20 percent difference between their budget and the rate of flats on the market. Knowing this, some buyers are suddenly disappointed. They come to the decision that they cannot buy a home. However, one should think a little more wisely at times like this. Now, your salary may be less, but it will increase anyway in a year or two, so an aspiring buyer must take this into consideration. Apart from that, if you want to buy a house after the increase in salary, which may be after two years, the prices will not be the same. So, no matter when you decide to buy, the difference is sure to be there.
Therefore, stepping into one’s own house is possible only if one takes a bold step forward. In addition to the amount you have saved so far, if necessary, withdraw from PF, put all the gold in the bank, and if it is not enough, take some money from your relatives and buy your own house. However, after you buy a house, there is a chance of facing some financial difficulties for one to two years. In order to overcome such adverse situations, both the husband and wife should make firm plans in financial matters. Remember that if these one or two years are handled with care, you will enjoy the happiness of owning your dream house for the rest of your life.
Among those who plan to buy a house, there are a few who never make a final decision. They think they know everything about real estate. Their ideology and way of thinking are very different from others. They keep asking questions about the rates and comparing them with the rates from previous years. For example, until yesterday, in a certain area, a square ft was just Rs 5,000, but now it is Rs 6,000, and they postponed the purchase of a house. Such people cannot buy a house unless they compromise somewhere. Otherwise, house prices will continue to rise, and they will never be able to buy their own houses. Remember that such people will never make a final decision unless they are strongly pressured by family members.
Some choose flats for house rentals. But this situation has changed after COVID. In terms of investment, the number of people investing has increased. All these are RERA-approved projects. It is better to buy at the initial stage. Only then will you get a better appreciation for the project when it is completed. For example, if we take the RV Sai Vanamali gated community project in Miyapur, they are quoting Rs. 6,500 per square ft. By the time it is completed, the price of one square ft will have increased to Rs 8,000–Rs 9,000. In the same ready-to-occupy community called Urban Greens at Gandimaisamma, the price of a double-bedroom flat is Rs. 55 lakhs. If you buy it now, you will get more than expected appreciation in the next five years. Because then there will be a possibility of full clarity regarding metro rail connectivity and the Kandlakoya IT Corridor.
If you want to live in Kokapet, choose the Poulomi Avante gated community, which will be handed over in the next three months. In this, the square ft is said to be priced at Rs. 8,000. The price of a flat in a gated community started here at Neopolis is said to be Rs 10,000 per sq ft. In the projects started by the companies that bought land in the recent Neopolis auction, the prices of the flats are as high as Rs. 12,000 per square ft. That means, by the time the respective projects are completed, it should not be surprising if each square ft costs Rs 15,000.
Let us explain to you what factors the flat price depends on in a project. A flat price depends on many factors like project location, gated community or standalone apartment, theme chosen by the builder, construction status, height of the structure, amenities and facilities included, elevations, grandeur, builder requirements, payment method you choose, and more. The flat rate in Attapur ranges between Rs 5500 and 7500 per square ft and it is between Rs 4500 and Rs 7000 in Bachupally, Rs 5000 to Rs 6800 in Kismatpur, and Rs 6000 to Rs 7200 in Miyapur. If you want to know the rates of more flats, follow REGTV. Furthermore, if you are looking for permanent residence, then choose only RERA-approved projects. Don’t buy pre-launches just because the rate is low. If you do that, you might land in big trouble later on.
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