This
is an interesting property aspect, as the people not only discuss about
the prospects of two different forms of hyderabad
real estate properties but also it is indeed pertaining to a
contradiction in opinion. This matter that often puts the people of Hyderabad
in two minds, deserves an evaluation as it is importantly between the
benefits of an independent house and a flat. Some people might prefer
a flat designed accordingly to their wishes. The advantage of staying
in a flat is that it safeguards your family through a basis of security.That
is the best part of a flat, which the builders keep on boasting in order
to boost their business.
At present we see almost fifty percent of the flats being booked as soon
as the foundation is laid for the construction of the apartment. And it
may take about one year for the completion. During this period the customers
of the builder do visit the site and examine the construction process.
Also the builder responds to his customers for their preferences. Therefore
the constructions are on a high. It is assumed that after every brief
span of time the cost of a flat rises. For example a three bedroom flat
at Hyderabad’s
real estate properties Mehdipatnam area was initially priced
1.5 Million Rupees seven years back. Today its value is more than 3 Million
Rupees. Such a huge difference perceived to ascertain. On the other hand
the independent house always not suitable to be safe. But as some people
say about a flat, that "neither the sky nor the earth belong to its
owner". Well said, as you are restricted to the space available in
your flat and you can't proceed for the expansion of wanting a room or
two added for the visitors or so, is not allowed. Whereas you can enjoy
these changes if needed, when considering an independent house.
The availability of an independent house for sale or a piece of land on
which you want to construct one, is not easier. Where the area might not
be of your choice. Then it is fair enough for the selection of a flat,
where there are plenty of options available and it may be very well done
by the builder, who takes care of this aspect. There are a few restrictions,
when you opt to stay in a flat by purchasing it for that matter. But we
hear every now and then in case of an independent house that burglars
target it, easily to their advantage. Provided there is no security to
protect the house. There have been a few such cases registered so far
for flats too. But this happens very rarely. People prefer not to leave
the independent house locked for days for they are forced to cancel out
of station visits for the same reason. Whereas flat owners enjoy frequent
such trips along with their family together. But let us not get carried
away. As there are some situations where these security men uttered by
the flat owners as watchmen do ignore the importance of their duty to
be alert. So there are chances where these watchmen feel weary and resort
to sleeping for hours. Then the opportunity for the thieves can arise.
The
efficacy of a flat is determined to be advantageous than an independent
house. But you have to be shrouded with rules and regulations. While you
are open to be at your will and enjoy your own style of living, when considering
you own an independent house and stay in it. However a property is always
a pride possession.
When
you own a property you always happily satisfied and in a state of comfort.
This is something, which can be felt to a certain extent. Consider the
life style of most of the businessmen across India; they earn in huge
amount yet stay in a rented house. The motive is simple, as they do not
want to invest an amount of money on the purchase of a property. Instead
they keep on investing on their business. They feel that if the same amount
of money when spent on business; then it multiplies greatly. So they don’t
want to block their money by keeping hyderabad
real estate properties.
The importance of property attracts the middle class mind, as they are
fond of the benefits of a property. The anxiety and so much effort prior
to the purchase can be scrutinized as they enjoy discussing this matter
again and again. These people prefer to buy an independent house. But
when they fail to get one that fits their budget then obviously they look
for the flat, may be a two bedroom or so. And in the process the time
consumed much to their disappointment as the purchase can be delayed due
to their lack of decision-making and ultimately the price soars up. The
need to sell a property, may arise significantly in many situations. Parents
opt to sell their old property in order to get their son settled or to
educate further their children. Or in some cases to get their daughters
married, they have to spend huge money and if they don’t have they
sell their property etc.
Much to the ease of the property owners the rules across India for retrieving
the property tax are not strict. People enjoy the right to postpone its
payment, which then goes on multiplying due to pending liberty. Another
liberty accordingly to the Municipal Corporation of Hyderabad (MCH) is
about a paltry penalty imposed on the builders. Yes construction of a
building without permission as stated in the Act of 1955, the civic body
could penalize only Rs 1,000 on the builders going ahead with the constructions
without first applying for approval of the building plan. Also builders
breaking other rules with regard to the construction of the building get
penalties even lower. These penalties should have been increased significantly
long back to stay in track for the purpose of safety, which is necessary
in such projects. So much is the casual attitude of the authorities of
the MCH that in many areas land grabbing could be seen. People staying
in residential areas where there is not much of the necessity of broad
roads often leading to the narrowness of the roads by the residents much
to their delight, where pieces of the road is grabbed by many residents.
And the MCH takes no action to this offense. In the cities like Mumbai
the rules are different, even people have to pay the road tax when traveling
from one place to another in the city.
|