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Tag: Houses

  • Flats vs plots in Hyderabad: Around 54 pc prefer new, ready-to-move houses

    Flats vs plots in Hyderabad: Around 54 pc prefer new, ready-to-move houses

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    Hyderabad: People always face a dilemma while choosing between buying flats and purchasing plots in Hyderabad. As both options have their own pros and cons, opting for one is based on personal preferences.

    A survey conducted by India’s first proptech unicorn NoBroker found that around 54 percent of home buyers prefer new, ready-to-move houses in Hyderabad. It also found that Manikonda, Kukatpally, Ameerpet, Hafeezpet, and Banjara Hills are witnessing a rise in demand.

    As per the survey, the micro-markets that are performing worst in 2023 include Nizampet, Attapur, Financial District, Meerpet, and Miyapur. These real estate markets show a dip in the interest shown by the buyers in Hyderabad.

    Pros and cons of flats and plots in Hyderabad

    To understand the pros and cons of flats and plots in Hyderabad, it is necessary to analyze the options based on certain parameters.

    Flexibility: Plots give a lot of flexibility when compared to flats.

    Plots allow persons to build their dream house as per their preferences and taste. In the case of flats, there is no complete freedom in deciding the structure of the house.

    Appreciation rate: The returns are higher in the case of open plots. Due to the fact that there is limited supply of land, plots appreciate faster than apartments.

    Apart from it, as flats are prone to deteriorate over time, their values are also likely to decrease.

    Financial assistance: As Loan-to-Value (LTV) for plots is less when compared to flats in Hyderabad, arranging funds for open plots is little difficult.

    On the hand, financial assistance are easily available for purchasing flats.

    Income: If someone is looking for rental income, then flats will be a better option as in the case of plots, income will not be generated immediately.

    Rental real estate market in Hyderabad

    The survey also revealed the trend in the rental real estate market in Hyderabad. It found that some of the localities are witnessing a rise in demand as people prefer to reside there due to various reasons.

    As per the survey, Kukatpally, Gachibowli, Kondapura, Manikonda, and Madhapur are witnessing high demand.

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    ( With inputs from www.siasat.com )

  • Encroachments in J&K: Don’t demolish houses’ – Know Details – Kashmir News

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    We are not passing any order. You instruct them orally to not demolish any houses. But we will not grant a general stay at all so that others do not get benefit,” said Justice Shah.

    Srinagar, Jan 20: Hearing an urgent application seeking a stay on a circular issued by the Jammu and Kashmir government that directed removal of all encroachments on land owned by UT, including Roshni land and Kachharie land, the Supreme Court on Friday refused to pass any order.

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    As per Bar and Bench, Justice Shah said they are not passing any order as it could benefit land grabbers also. “We are not passing any order. You instruct them orally to not demolish any houses. But we will not grant a general stay at all so that others do not get benefit,” said Justice Shah.

    More details will be added as they become available.

    Watch Also: More Than 100 Kanals Of Kahcharia Land Evicted At Pushroo Kotheir Area Of Anantnag Village Under The Leadership Of Tehsildar Shangus Naseer Ah Para

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    #Encroachments #Dont #demolish #houses #Details #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • SC Asks J&K To Not Demolish Houses In Roshni Land; Refuses To Stay Govt Order For Removal Of Encroachments

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    SRINAGAR: On Friday, the Supreme Court of India refused to stay a circular issued by Jammu & Kashmir government directing deputy commissioners to remove encroachments on State Land including Roshni Land and Kachharie land by January 31, 2023, reported LiveLaw.in.

    A bench of Justices MR Shah and CT Ravikumar, though expressed its disclination in not passing an order today, it orally asked the Union Territory to not demolish any houses.

    “We are not passing any order today. You instruct them orally not to demolish any houses. But we will not grant a general stay…. others should not get benefit,” the bench orally told the counsel of J&K, according to report published in Livelaw.in.

    During the hearing, the advocate for the petitioner argued that many tribals are residing on the land and took the Court through the reliefs prayed for.

    “If stay is granted then it will benefit land grabbers also?”, Justice Shah asked.

    The counsel appearing for the Union Territory clarified that the circular is mainly focused on the Roshni land. He also questioned the locus of the applicants.

    “The Application was served on me yesterday. It does not even mention that the applicants live there”, he pointed out while adding that the said land only had shops and such establishments.

    The Court then adjourned the matter. The matter was mentioned before the Chief Justice DY Chandrachud, earlier this week.

    The Jammu and Kashmir government, on January 9, directed the removal of all encroachments on State Land, including Roshni Land and Kachharie land, by January 31, 2023. The order was passed while several review petitions challenging Roshni Act Judgment remain pending before the High Court of Jammu and Kashmir and Ladakh.

    In 2020, the Jammu and Kashmir High Court held that the Jammu and Kashmir State Land (Vesting of Ownership to the Occupants) Act 2001, [popularly known as Roshni Act] is completely unconstitutional.

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    ( With inputs from : kashmirlife.net )