How to buy a luxury home in Hyderabad
Hyderabad is one of the cities in India where the real estate prices are the lowest. In terms of buying and renting, this city ranks top as the most affordable in the country. The recent studies show that even those with an annual income of Rs. 10 lakh can afford to buy residential property in Hyderabad. The average property price in the city is less than Rs. 50 lakh and the average monthly rent is Rs. 12,000. The EMI on home loans and average monthly rent tend to be almost equal, making buying a better option. Even a luxury housing facility is available for better rates in Hyderabad. The trick is to identify the best luxury property at a prime location to get the maximum benefits say experts at Sulekha Properties.
The builders you choose can add to the value of luxury. Always look for the high quality developers that deliver only top-class projects. The tier-1 developers promise value for money for the investment you make.
Areas for buying
Those who are planning to buy luxury home in Hyderabad need to look for areas that have the best infrastructure and facilities. It is not enough that a housing project falls into the luxury category. The area where it is located also must qualify for luxury living. Access to good roads, facilities for leisure and entertainment, and excellent connectivity are some of the features that make a place an ideal choice for luxury housing. Locations like Banjara Hills, Jubilee Hills, Kondapur, Hitech City offer quality living and facilities to the buyers.
One of the mistakes that a luxury home buyer makes is to be lured by the premium amenities advertised by the builders. Many frivolous facilities that made you buy the house may remain unused after months of living as the initial novelty fades. Always look for only those features and facilities that you will be using on a regular basis. Another consideration is the level of security offered. Many luxury projects offer multi-level security systems involving innovative technological devices and trained manpower. Make sure that the promises and offers are delivered efficiently.
As important as the builder and the location is the kind of neighbours you have in the chosen luxury housing project. If a major part of the owners in a villa or apartment project are investors who let out their property to tenants, there is going to be lesser concern towards the maintenance and longevity of the building or society. Always look for projects where the owners form the majority of residents.