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Confused about common real estate terms? Here’s your go-to guide
Posted by: In: Modi Builders 13 Feb 2019 Comments: 0 Tags: , , , ,

“You must refer to a real estate broker, not an agent, to discuss the contingencies before escrow is finalized for the unit.” Confused? If you are a potential home buyer and are planning to survey the market, you should be aware of the typical real estate terms in order to understand the projects, units, and deals stated by the agent.

Here is the list of the most frequent real estate terms :-

Real Estate Broker

First and foremost, there is a major difference between a broker and an agent. The former has qualified the state’s broker exam and has had a certain number of successful deals while latter is equipped with a real estate license that allows them to assist in property associated matters like buying and selling.

Carpet Area   

Though you will hear this term less nowadays, it is arguably the most important factor to consider while buying a residential unit. Carpet Area represents the area that can be used by the resident to set up their home. It doesn’t include the area covered by balconies, outer walls, lobby, etc. Remember, built-up area factors in area occupied by the aforementioned. So, buy the property based on carpet area only.

Super built up areaok

This includes the Carpet Area added with the extra areas like stairs, lobby, balconies, lifts, etc. Basically, all the area that is “Saleable”. This is also one of the major reasons why builders decide the final cost on the basis of cost per square feet.

Lease Agreement

It is legally binding contract between the landlord and tenant that specifies the details associated with the deal. This includes the details of both parties, rent payable, monthly bifurcation, lease commencement and expiration date, security amount, etc. These terms are mutually agreed on and signed by both the involved people. Additional clauses can be added as per discussion.

Subletting

Subletting allows the tenant in a property to rent a part (say a spare bedroom) to an outsider, or sub-tenant, and take the rent from him/her for that area directly, without involving the property owner. However, if done without the knowledge of owner, this can lead to immediate action of vacating the property.

Credit score

This represents your capability to repay the loan you are planning to take on the basis of your salary, bank statements, financial strength, and background check. A good credit score makes it easier to process the loan application.

 

Any other term you’d like to know about? Let us know in the comments below and we’ll simplify it!

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Here’s all what you need to know before buying a house in Hyderabad
Posted by: In: Modi Builders 18 Jan 2019 Comments: 0 Tags: ,

Every person wants to buy a house to live with undisturbed peace. Some individuals are inclined towards the main cities, while others want a home away from the hustle and bustle of metropolises. Many buyers want to stay close to the major cities, while having the luxury of big living space.

The main residential markets in cities like Hyderabad, Delhi, Mumbai, Bangalore, etc., are not only expensive, but congested as well. The need to have a spacious home is turning the focus of buyers towards the outskirts of the main cities, say industry experts at Modi Builders.

 

The outskirts  or outer rings of Hyderabad not only offer good connectivity to the main market, but a lot more space as well. The affordability factor also plays a huge role in influencing the decision of the buyers. On the other hand, the plethora of amenities offered by these projects cannot be availed in the main markets, due to the limited space.

 

Projects constructed by top builders in Hyderabad, including Modi Builders, offer amenities like swimming pool, play grounds, gymnasium, lush green gardens, and many more. A number of buyers prefer these apartments to benefit from the amenities, instead of living in a jam-packed area.

 

The apartments in Hyderabad’s new residential markets like Kukatpally, Kompally, Hayat Nagar, etc., offer you the luxury to customize your home, as per your need. The possiblities are endless with these convenient living spaces for the buyers. It is not only about the quality of life, but the investment as well.

 

The prices in these location are going up, which bodes well for the ROI (return on investment) in the longer run. But, the rates are quite manageable for the Indian working class as of now, compared to the other major cities in the country. These strategic locations not only promise a decent growth, but also the convenience of living in a dream home.

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Location is The First Thing To Consider While Buying a House, Suggest Experts at Modi Builders
Posted by: In: Modi Builders 20 Dec 2018 Comments: 0 Tags: ,

Every person dreams of buying a house. However, there are many things that an individual needs to consider before spending his hard-earned money on this asset. One of the most important things to consider while buying a house is its location, experts at Modi Builders Review.

Location is an exciting prospect for a buyer, as it determines the value of his property to a great extent. Living at the center of the city, a place where everything is accessible, is desired by all. However, this is where the problem starts. Increasing population in the urban areas becomes a massive challenge for the authorities, who are finding ways to tackle this problem.

In addition to this, rising standards of living are also drawing people to the urban areas. Considering all these aspects, it has become important to review the location of house for every buyer, before making a deal. The constant struggle between affordability and accessibility is one of the major issues as well. At this juncture, a buyer needs to study the market and take smart decisions to choose the right option, suggest experts at Modi Builders, one of the top builders in Hyderabad.

There is not much space available in the center of the cities, which is anyways too costly. A perfect location at this stage would be the outer ring roads of the major cities, or areas in close proximity to the business hubs, with well-connected roads. As per the experts at Hyderabad, locations like Gachibowli, Kukatpally, Banjara hills, Hayat Nagar, etc, are proving to be the perfect cushions for major city centers of Hyderabad.

Similarly, in other major cities, the apartments near outer ring roads have been preferred the most. In New Delhi, the extended parts of NCR (national capital region) are attracting a number of buyers. The maddening pace of urbanization and modern living demands a place, which diminishes strains of travelling back and forth every day. This is where the extended arms of big cities can do the job.

On the other hand, living in these locations can provide the much needed comfort. Residents can relish the large number of facilities available to them. Lush green gardens, swimming pools, gymnasiums, play rooms, etc, are some of the luxuries of living at these locations.

The top builders in these cities have also followed the suit by coming up with affordable and luxury apartments in big cities like Hyderabad. According to experts at Modi Builders, the trend is likely to continue in the coming years, which makes it even more important for the buyers to choose the right location for their dream house.

 

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Modi Builders shares Effective Tips to Resolve Small Apartment Designs and Style Issues
Posted by: In: Modi Builders 14 Nov 2018 Comments: 0 Tags: , , ,

Small changes can bring in a major difference to the way your home looks. Experts at Modi Builders, one of the top builders in Hyderabad, specialize in enhancing your home’s strengths, hide its flaws, and add to its overall appeal.

Here are some of the best tips provided by the realtor:

Aesthetics

No matter what type of space you’re decorating, it becomes important to pay attention to minute details. Along with choosing an appealing interior, you also need to make your home look more spacious and airy. Using limited number of pictures on the walls and avoiding light fixtures on the ceiling can help you in making your living room appear brighter and more spacious, say experts at Modi Builders.

Light and Neutral Colours for Room Walls

Avoid dark and strong colours if you want to make the room feel airy and spacious. Using light colours on the walls leaves a pleasing effect. Thus, it is recommended to go for the shades like beige, white or gray for the room walls.

Let the Sun Shine in

A naked bank of window is a much better option than a heavy curtain. According to interior and design experts at Modi Builders, it also provides your room with an access to abundant natural air and light.

Arrangement of Furniture

Furniture occupies a huge chunk of the space in your room. Its’ proper placement can render a fresh and more inviting look to your room. You should avoid purchasing bulky items for increasing the floor space. Removing extra chairs from the table, making opening of small spaces, and placing the largest piece of furniture along the wall can also help you in creating more space.

Set The Right Tone at The Front Door

Choose a bright and glossy colour for your front door if you want to create a good first impression.  Make sure your front door gives a vibe of warmth and cordiality.

At Least One Mirror in Every Room

Strategic placement of mirrors in your room enhances its overall look. Reflecting the light, mirrors can make any place look brighter. However, it is recommended to place mirrors on the walls perpendicular to the windows. Putting them directly opposite a window results in bouncing back of the light out of the window.

Basic Tricks To Make Your Room Look Taller

Painting the ceiling white is a highly effective way to make your ceiling look taller. It also helps in making the room less claustrophobic. You can also hang curtains higher than the windows for the effect.

 

We hope these small steps bring a major difference to the way your room looks!

 

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Savour Extravagance and Divine Luxury at the Project Elegance by Modi Builders
Posted by: In: Modi Builders 09 Oct 2018 Comments: 0 Tags: , ,

For years, Modi Builders, one of the top builders in Hyderabad, has embarked on a path built on strong ethics, valuing customer satisfaction above everything else. And with its upcoming project — ELEGANCE, the company has established a new benchmark in Hyderabad’s realty segment.

Spanning across an area of about 5.5 acres, the project consists 796 premium apartments with luxurious specifications. It is designed exclusively as per the needs and expectations of a common man. With state-of-the-art features, the project Elegance stands in stark juxtaposition to the concept of conventional living.

Situated at a distance of about 5km from Kukatpally and 12km from the Hitech-city area, the project enjoys great locational advantage. In the vicinity are various reputed schools, colleges, hospitals, banks, restaurants, retail stores, shopping centers and multiplexes. Modi Builders have effectively infused the concepts of advanced features, quality raw materials matching international standards, optimal utilization of space, exclusive designs, innovative methods of construction, and high architectural specifications in the project.

Elegance Apartment is completely residential and well-approved by HUDA. Designed with full reverence to Vaasthu, it also has access to abundant natural light and air. The project has various options for leisure, recreation, fun & entertainment, health and fitness activities.  It hosts a number of world-class amenities, such as:

  • Landscaped Gardens / Playgrounds
  • Global standards for the sports like Badminton, Squash, Tennis, Basket Ball, Swimming Pool
  • Well-equipped clubhouse
  • Completely compounded security
  • CCTV to security room for effective surveillance
  • 24×7 security, intercom facility
  • Panic buzzer for each flat and security rooms
  • Double cellar car parking with pre allocated car parks for each apartment

Harnessing unparalleled buyer’s interest, the project Elegance by Modi Builders has emerged as one of the most popular residential developments in Hyderabad.

Visit http://www.modibuilders.com/current-projects-modi-builders/elegance/ for more information!

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Modi Builders’ Sterling Heights: A Marvel Gracing Gundla Pochampally, Hyderabad
Posted by: In: Modi Builders 01 Oct 2018 Comments: 0 Tags: , ,

Millennial’s have this never ending desire to create, reinvent and come up with something better. Appeasing to their common expectations, Modi Builders, one of the top builders in Hyderabad, has come up with a state-of-the-art project —Sterling Heights.

An emblem of excellence, the project has redefined quality standards in the real estate sector. It is in sharp juxtaposition to the concept of conventional living.

Strategically located at the prime location of Gundla Pochampally, the project has 647 premium residential apartments with luxury specification. Location is an indisputable advantage of the project. The apartments enjoy good connectivity to all the basic amenities. In the vicinity are various reputed schools, hospitals, banks, restaurants and shopping complexes.

A league apart, the project Sterling Heights has a well-planned layout approved by HMDA with an uncompromised compliance to Vastu and approvals from the leading banks and institutions. It has 24×7 security with panic buzzers and CCTVs for effective surveillance. Apart from this, the apartments also have generator backup facility for common areas, houses along with complete underground electrical cabling.

Modi Builders’ projects are well-known for their craft and technology. Sterling Heights apartments are embedded with various amenities for fun, recreation and fitness. They have a fully-equipped children’s playground with sports facilities including tennis, badminton and squash. Other premium amenities of the project include air-conditioned TV room with mini theatre/conference room, fully-equipped gym with steam bath and sauna, business centre, swimming pool and library.

The project also has a separate coffee shop, super market, grocery, bakery, laundry, guest rooms, yoga and aerobic centre and a unisex saloon. The facility of double cellar car parking with pre-allocated car parks for each apartment is also available.

Modi Builders has effectively infused the concepts of optimal utilization of space, proper ventilation, access to abundant natural light and exclusive designs in the project. The cutting-edge features and amenities of the project Sterling Heights make it one of the most indulgent and intelligent residential dwellings in Hyderabad.

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What Makes Hyderabad One of the Most Sought-After Residential Cities in the Country?
Posted by: In: Modi Builders 18 Sep 2018 Comments: 0 Tags: ,

Over the last 2 years, the residential demand in Hyderabad has surged significantly due to the increasing employment opportunities and a positive market outlook. In the first half of 2018, the city witnessed an increase in sales by 182 per cent. It has made Hyderabad one of the most sought-after residential destinations in the country. From a Tier-II city, Hyderabad has successfully established itself as one of India’s fastest growing real estate markets over the last few years.

Industry experts at Modi Builders state that Hyderabad has experienced a phenomenal spurt in its residential real estate segment due to increasing capital values and increase in its demand for retail and commercial space from 2014 to 2018. Also, there has been a significant decline in the city’s unsold inventory since 2017. Hyderabad has better scores than various other metros when it comes to unsold inventory pile-up situation.

As per a recent survey, Hyderabad’s total unsold inventory in Q2 2016 was 35,560 units. It declined by around 14 per cent in the corresponding quarter of the next year. The unsold stock further reduced by 13 per cent in Q2 2018 as against the same period in 2017. Within 2 years, the total unsold stock in Hyderabad witnessed a decline by almost 29 per cent.

Realtors like Modi Builders have played a vital role in defining the landscape of the city. Various factors like the developments in the city’s realty sector and the increasing number of jobs are attracting a number of people to settle in Hyderabad. Advancing with the same pace, the city is in its race to join the club of megacities with population above 1 crore by 2030.

Based on its international standing, Hyderabad is deemed as the hub for tourism and information technology by the United Nations. The city provides immense employment opportunities and houses a number of top-notch companies like Apple, Facebook, Google, Amazon and others.

The IT boom in Hyderabad is deemed as one of the key factors driving the growth in demand for office spaces in the city. Leveraging the advantages, a number of multinational firms continue to amplify their presence in Hyderabad.

The clearing of political uncertainty has largely attracted realty investments post-2014. On a larger level, factors like increasing affordability, transit infrastructure leading to better connectivity to major workplace hubs, and enhanced social infrastructure are majorly driving investment sentiments in Hyderabad. The launch of Metro Rail services has led to better connectivity and ease of transport, and has given a boost to the investment opportunities in Hyderabad.

Despite the stagnancy in India’s real estate sector, Hyderabad is among a few metropolitan cities that have managed to enjoy stable growth. It has emerged as one of the most promising real estate markets in the country.

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A Heaven Waiting For You in Hyderabad – All About Paradise Homes
Posted by: In: Modi Builders 17 Aug 2018 Comments: 0 Tags: , , ,

One of the biggest emerging IT hubs in the country, Hyderabad is amongst the hottest residential property selling metropolitans in India. We, at Modi Builders, have made sure that we keep up with the pace of the growing city, and provide our patrons with state-of-the-art residential facilities from time to time.

In an effort to keep our commitment and promises, Paradise Homes in Hayathnagar is another project under our umbrella. A premium apartment project, it is the perfect buy if you are currently in search of flats for sale in Hyderabad.

 

With numerous amenities, we have made sure that you live your life to the fullest. Buying a house in Paradise Homes will not only offer you houses built in partnership with the finest architects, but also facilities like 24 x 7 water and power supply, complete security solutions and more.

 

We also understand that leisure and fun activities for your kids and you are an important aspect of healthy living. Paradise Homes, is loaded with numerous facilities like club house, play area, gardens, swimming pool, gymnasiums and more.

 

Spread across an area of 4 acres, the project has 520 apartments. Hyderabad being the city that is the new IT hub after Bangalore, the location of Paradise Homes is such that you can easily reach your office using multiple options. With well-connected roads, metro stations nearby and easy connectivity, the location offers complete access to many nearby hotspots. The markets are also closely located, making it easy for the residents to shop for daily needs.

 

At Modi Builders, our aim has always been to deliver affordable houses to customers. Keeping a check on the same, Paradise Homes comes at prices that are lower when compared to the market.

 

The project is being constructed by Modi Builders, a company with an excellent reputation for maintaining high standards and delivering quality housing at affordable pricing. The 2, 3 BHK apartments ranging from 741-1,149 sq. ft., are available in the range of Rs 18.52 – 28.73 lakh.

 

Following are a few other salient features of the project:

 

  • Greater Hyderabad Municipal Corporation (GHMC) approved – The project is approved by GHMC and thus, there are no reasons to worry about. Investing in Paradise Homes is completely safe and free from any kind of risks.

 

  • Lighting, ventilation and Vastu – The houses built in this project are such that there is ample natural light during the day. Windows and doors have been made accordingly in order to provide you with maximum ventilation. Also, along with all this, we have made sure that the houses are constructed according to Vastu, so as to keep the positive energy flowing in your homes.

 

  • Purely residential – Live a calm and serene life with an entirely residential project. No shops or offices within the apartment make it an ideal destination for your new home.

 

Let your search of flats for sale in Hyderabad end with Paradise Homes. Do check out what our customers have to say and book your apartment with us, today!

 

Flats For Sale in Hyderabad

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Paradise Homes: Your House, Our Responsibility
Posted by: In: Modi Builders 25 Jul 2018 Comments: 0 Tags: , , ,

Hyderabad’s real estate has always been a hot market. The foundation of IT conglomerates, shopping malls, job opportunities and cultural heritage has always depicted Hyderabad as one of the best cities to live in. Realty developers have utilized the market opportunities to its maximum potential and constructed some beautiful residential alternatives like Paradise Homes,  Sri Sapthagiri Tirumala Homes, Pride City, Aparna Cyber Life, etc.

However, here are the prime reasons why Paradise Homes is the right choice for you:

 

Infrastructure

Modi Builders have always aimed towards quality and luxury at affordable prices. Paradise Homes is yet another example of their success. It has 250 spacious apartments spread over 4 acres with adequate ventilation and large balconies. 2BHK offers an area of approximately 750-900 sq feet, while 3BHK covers an area of more than 1100 sq feet. The design is Vaasthu compliant, and approved by Greater Hyderabad Municipal Corporation (GHMC).

Connectivity

This is one of the primary reasons to select a home because everyone wants a place equidistant to their work place and recreational centers. Located in Hayathnagar, Paradise Homes is only 13 km away from the heart of the city. HiTec City, the IT Hub of Hyderabad, is approximately a 40-minute drive from this residential project and Mumbai Highway is roughly 4.3 km away. This plays an important role in connecting these homes to a majority of internal and external areas of the city.

Amenities

Modi Builders have equipped this project with state-of-the-art facilities. Swimming pool and gym end the woes of fitness enthusiasts while elders can have a serene evening in the well-maintained lawns. The safety of children, along with a marvelous play-time is guaranteed in the clubhouse and play area. However, purchasing a flat in such an extravagant project won’t burn a hole in your pocket as they start at Rs 18,89,000.

Location

A house can be transformed into a better home, but the locality stays the same. Paradise Homes has well-known educational institutions like Discover Oaks School, Little Angels Convent School, NOVA College of Engineering & Technology, etc., in its vicinity. The location is majorly residential and away from the noise of the city.

 

Experienced real estate developers like Modi Builders have always prioritized customer needs while constructing projects. An economical and fully-loaded residential project like Paradise Homes is the primary choice of home for working individuals as well as family people.

 

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A Real Estate Opportunity For Working Professionals: Kukatpally
Posted by: In: Modi Builders 07 Jul 2018 Comments: 0 Tags: , , ,

The outskirts of Hyderabad have been witnessing a major rise in the real estate market for some time now. Kukatpally, a suburb of Hyderabad, is a clear example of the same.

Till a few years ago, the areas were not quite worthy of living. However, with projects by various realty builders like Modi Builders, etc., the suburb has transformed into a full-scale residential area.

The investments in suburb have played a pivotal role in generating employment opportunities, while simultaneously providing new housing avenues for people of every class.

Kukatpally is one of the most well-connected suburbs in Hyderabad. The Hyderabad metro, MMTS and road routes connect it to all the other major parts of Telengana’s capital. Be it HiTec city or the Mumbai-Hyderabad NH9, Kukatpally is a smart real-estate investment for working professionals.

Even Gachibowli is reachable within approximately 15 minutes. Internal connectivity has helped the builders to identify apartments in Kukatpally as a project to invest in.

The reduced distance between workplace and home encourages people to buy their house in a nearby area. “It is never a problem to reach your hometown from Kukatpally. There are many buses, both RTC and private, right next to your house,” says Ramchandra Rao, a private bus operator.

Educational institutions like Jwaharlal Nehru Technological University, DAV Public School, etc., have established a suitable environment for families to choose the apartments in Kukatpally. The open environment and lavish space creates a favorable environment for kids.

After establishing major residential projects across Hyderabad, SPLENDOUR by Modi Builders is their latest venture of economical housing. SPLENDOUR is about 12km away from Kukatpally, and aims to provide luxurious and affordable apartments for kukatpally residents.

The development of housing societies encourage many small and medium businesses to provide their services in suburb areas. This has a direct impact on the economic condition of the area as well as on the state. Various hospitals, shopping malls and markets are located within a 5 kilometer radius from Kukatpally.

Read More: Factors Consider Buying Luxury Homes in Hyderabad

The project by Modi Builders includes top notch facilities like swimming pool, gym, basketball court, tennis court, badminton court, etc., for the best all-round experience. The state-of-the-art security system includes 24 hour security, CCTV cameras and panic buzzer in every room.

This ensures the safety of children and minimizes the risk of robbery. The combination of facilities and securities proves to be instrumental in establishing SPLENDOUR as a wise choice for home buyers.

Hyderabad has retained its positon as the top Indian city for the fourth time in a row in Mercer’s Quality of Living Rating 2018. With its increasing connectivity, low crime rate and pleasant environment, Kukatpally is one of the most affordable and trusted choice of living for the people migrating to Hyderabad.

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