Important Points to Keep in Mind Before Investing in Residential Projects in Hyderabad

 Hyderabad has one of the most growing real estate markets in India, with both, commercial and residential projects in Hyderabad registering steady achievement over the years. The city has become a favored target for global IT/ITeS, BFSI, pharma, and biotechnology firms in India because of its favorable state policies, ease of doing business, infrastructures, and presence of talent pool and cosmopolitan culture of the city. 

With government initiatives and infrastructure developments, Hyderabad is growing very fast, and a lot of investment & development is happening across several parts of the city. While purchasing a 2 BHK flat in Hyderabad, many buyers are not aware of the approvals and the process of checking the legality of the project. Hence, if you are thinking to buy HMDA approved plots in Hyderabad, you have to verify certain details to avoid future risks and problems.

Checklist for Homebuyers

RERA registration numbers and HMDA approval details are the first and most important things that need to be verified before buying flats for sale in Hyderabad. RERA warrants and gives protection to a buyer as the projects are approved. You can check the required approvals on the RERA site as well. The government recommends one should buy plotted development from only those developers who have approved layouts.

Verifying Approval Status of Layout

If the layout plot is listed with TS RERA under the section of the RERA Act 2016 and has a registration number that means the project has the appropriate approvals. Therefore, all potential buyers need to be very careful while putting their hard-earned money. You have to first check that the layout must be undoubtedly approved by HMDA under sections 19 and 20 of the HMDA Act 2008.

In order to save some money, many people try to invest money in unapproved layouts, which can be perilous. HMDA plots for sale in such unauthorized layout make it an unauthorized & illegal one and liable for auction under section 23 of HMDA act 2008, explaining them as illegal layout plots.

Amenities to Check Before Buying

• Minimum width of the road
• Open Spaces
• Utility connections
• Infrastructure such as road, water, power, etc.
• Surrounding Greenery & ambience
• Space for leisure facilities

Therefore, before buying new flats for sale in Hyderabad buyers have to check the important details of the project. All genuine details of project approvals are included in the websites of HMDA, helping the buyers to verify facts and take steps accordingly. For hassle free and smooth buying, you can consider buying flats and apartments from N K Realtors.