[vc_row][vc_column width=”2/3″][vc_column_text]Realty has become one of the smart investments for Non-Resident Indians. Moreover, in cities like Hyderabad where Real Estate is booming with time, the number of NRIs showing interest to buy properties is also raising. However, buying properties is not that easy as it seems. There are many things one should consider before investing in Real Estate, especially NRIs, as they won’t be available in the place to react promptly if something goes wrong.
As NRIs are allowed to buy any immovable property in India except agricultural lands, plantations and farmhouses, the demand for residential and commercial properties is growing. With that said the demand for luxury properties is advancing since they are a good sort of investment for NRIs. They serve both for residential and renting purposes as they lead to higher ROI. Moreover, Hyderabad is known as a city of luxury villas destination. So, one could look nowhere but Hyderabad to invest in villas.[/vc_column_text][vc_column_text]Still, wondering why villas are the best investment for NRIs? Here you go…
Hyderabad is a global city that has vivid cultures and people from all around the world in its lap. In fact, it is one of the top cities to live in. Hence, there is no wonder for its demand in the Real Estate industry. Many world-class businesses, top-tier MNCs such as Google, Microsoft, Apple, Amazon, etc. and India’s major tech firms such as Wipro, Infosys, TCS have their presence in the city which made Hyderabad an on-demand city in the country. Additionally, the traditions, living standards and conditions, rich lifestyle, and emerging Real Estate projects for residential and commercial purposes made Hyderabad the best city to live in.
With that said, Hyderabad is now a luxury villas destination and has become a popular option for NRIs to invest in. Let’s look at what things they should consider when buying villas in the city either to live or to monetize.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]Infrastructure
First things first, no matter what, if you are going to reside in the villa you buy or going to rent it, you need to ensure if there is proper infrastructure. Check if there are any Schools, Colleges, Parks, Hospitals, Business Hubs, Shopping Malls, and Entertainment zones in the proximity. Most villas are built in nature’s lap far from the city, which is not fully developed. So, you need to put some effort to confirm if the villa you are planning to buy is closer to all the amenities.
Also, check if the property has a proper Road, Water, Electricity and Sewage systems. So, that you do not have to worry about residing in it or renting it.
Connectivity
Ensure if the area of the property is well-connected to the Airport and other important places like IT Parks, Resorts, Malls, and the inner city. If the villa is located in the city outskirts, do leg work to check if the ORR is in proximity. Most of the luxury projects are built in the outskirts of the city to deliver residents a pollution-free environment and a picturesque landscape. Though you get a peaceful, healthy and private life, you also need to be connected with the city, right? So, double-check if there is proper connectivity to the inner city irrespective of whether your villa is surrounded by all major amenities.
Amenities
Before you buy a villa, ensure if it is provided with basic Amenities such as Children’s Parks, a Swimming Pool, private Car space, Meeting Halls, Playground etc. All the modern villas come along with all these amenities, so ensure if the developer you have reached to has promised the same. After all, villas are a reflection of a rich lifestyle, so check if yours is in it.
Pricing
As the spending ability of people in the city has raised, the demand and rates for Real Estate are also being raised. Hence, there is quite a competition between residents and non-residents when buying properties. So, you need to look if the amount you are paying is worth the property. Take a look at the Infrastructure, Amenities, Facilities and the Interiors of the villa before you pay an advance check. Again, take time and go to the best and affordable villa.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]Background Check
Last but not least, you need to check if the property you buy is safe. Therefore, you need to visit multiple projects physically before you invest. It does not matter if you take time to find the best villas to invest in as putting your penny in real estate is a long term investment. Therefore take time, filter out the best villas and do a proper background check about the seller, builder or developer and owner in priority. Proceed only if all the documents are perfect and clear. Not to mention, if it meets all your requirements and demands.
Also, find out if you can get a loan for the property you want to buy. Most of the projects are tied up with banks for loans. So, check if there is such a thing for your villa so that you can conclude that its background is thoroughly checked.
Management
One common thing that might turn into a headache is maintenance and management. Get assurance from your builder that they are going to look after the maintenance if you are not planning to reside in it. The rental and other maintenance issues may arise in the future if you rent it out. There are also a few rental management services in the city that can take care of everything in your absence, so go find them to resolve these kinds of issues.
A few best places you can find villas that meet all the above criteria are Gachibowli, Tellapur, Patancheru, and Lingampally.[/vc_column_text][vc_column_text]Bottom Line
Buying a perfect villa in Hyderabad is not a difficult task if you have clarity about what you exactly want, provided if you know what things to consider before buying a villa. The above points help you in deciding the best villa that gives you higher ROI whether if you are buying it to reside or to rent. Moreover, buying a piece of property is an important decision no matter if it is your first property or nth property. Therefore you need to visit multiple properties, research the background of the projects well, examine the properties directly and then pay the checks.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text el_class=”post-contact-form”][fc id=’2′ align=’center’][/fc][/vc_column_text][/vc_column][/vc_row]