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 https://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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Important Tips To Consider Before Your Home Buying Decision
Posted by: In: Modi Builders 21 Sep 2018 Comments: 0 Tags:

Buying a home or apartments in Hyderabad is a once in a lifetime event for many. Investing in a wrong project or with a wrong builder can incur huge losses due to the high stake involved. Thus, it becomes imperative to ensure that your decision is calculated and well thought of. With a number flats for Sale in Hyderabad, you have a lot options to choose from.

Listed below are some of the most effective tips for investing in apartments in Hyderabad:

  • Ensure a proper legal check of the property

Before investing in any property, it becomes important to ensure that it is approved by the government and has all the legal certifications. Seeking help from a professional agent can help you attain complete assurance about a property’s current status.

 

  • History and past performance of the property

Having a complete understanding of the property’s past financial performance can prevent you from incurring any losses. You need to know certain facts, like the price at which the property was sold to the last owner and the price paid by the owner before the present one. You can also keep a track of the price fluctuation and the time period for which the owners held the property.

 

  • Developer’s reputation

A detailed research about the builder’s history and reputation assumes prime importance in any property-buying decision. You need to keep a track of the completed projects by the builder. Online customer reviews can also help you in knowing the developer’s feedback, and reputation in the realty market.

 

  • Purpose of buying the property

Your decision of investing in a property should be based on the time period you intend to keep it for, say industry experts at Modi Builders. For instance, if you want the property for long-term, you should look for child focused homes. Amenities like indoor-outdoor sports, gym for sound health, sufficient space for recreational activities, etc., should be in your must-have list.

 

  • Actual Space on Offer

Ascertaining the carpet area and the built-up area of the property is important while buying a property. You need to have a complete understanding of the actual space of the flat on offer.

 

  • Access to essential amenities

The property’s distance to the essential amenities like grocery shops, banks, schools, restaurants, hospitals, etc., need to be considered well before finalizing the deal. You also need to compare the price of the apartment, considering the nature and scale of the amenities on offer.

 

  • Talk to the locals about the pros and cons

Local residents are the best people to be consulted when it comes to acquiring complete information about a location. Their feedback can help you make up your mind whether to buy the property or not.

Considering these important factors for buying apartments in Hyderabad, you’re sure to make the best investment decision for sure.

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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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Why Apartments in Kukatpally Are The Centre of Hyderabad Real Estate
Posted by: In: Modi Builders 08 Aug 2018 Comments: 0 Tags: , ,

Hyderabad has been identified as one of the most developing and habitable metropolitans pan India. Political stability and favorable environment have attracted global IT companies to set up shop in Hyderabad. With increasing jobs and rise in the number of people migrating to Hyderabad, the real estate demand has been on the rise.

However, experienced realty players like Modi Builders identified the potential of suburban areas like Kukatpally. With the introduction of residential and commercial realty, Kukatpally has emerged to be a major real estate destination for Hyderabadis.

Apartments in Kukatpally

Kukatpally has transformed itself from an inhabitable suburb to a hot real estate destination in recent years with multiple apartments for sale. However, new apartments in Kukatpally like SPLENDOUR by Modi Builders have successfully met the increasing demand of residential realty in the region.

Here are the reasons why one should choose Kukatpally as their residential destination:-

Location

Gachibowli and HiTec city, the IT hubs of Hyderabad are easily reachable from Kukatpally. The travel time between workplace and home via multiple modes of transport like Hyderabad metro, Multi-Modal Transport System (MMTS), etc., is substantially reduced. This unique feature attracts a majority of corporate professionals to invest in apartments like SPLENDOUR by Modi Builders in Kukatpally.

Future aspect

Buying a home is a long term investment, which cannot be executed in a rush. It is important to understand the future possibilities of a property as well as the potential of nearby areas to identify an estimate for Return of Investment (RoI). With increasing jobs and developments in Hyderabad, the property rates are subject to soar in Kukatpally. The region has a lot to offer for medium scale businesses like shopping malls, 24×7 stores, local markets, etc., and modifications in public services.

Amenities

Apartments in Kukatpally are equipped with top-notch facilities. Projects like SPLENDOUR consist of unparalleled facilities like Swimming Pool, Basketball court, Tennis court and Gymnasium for fitness and sports enthusiasts. A clubhouse of over 35,000 sq ft and play area is dedicated for children while well-maintained gardens are the evening spots of elderly people.

Security

Safety is the primary concern of every person. SPLENDOUR provides state-of-the-art security with 24×7 CCTV camera footage, directly accessible from the security room. The special factor of this project is the panic buzzer installed in each flat. The security room is alerted as soon as the buzzer is pressed to ensure the safety of the residents. Furthermore, all flats and central security room are connected via intercom to alert the security team about any threat whatsoever.

Family centric and cost effective

Families prefer buying an apartment in Kukatpally because of its locality and price. Educational institutions, hospitals, local clinics, corporate offices etc are present within a radius of almost 7 kms. With projects like SPLENDOUR starting at almost Rs 48.5 lakh, apartments in Kukatpally are a complete package to live in.

The real estate sector of Hyderabad continues to grow by leaps and bounds with Kukatpally as the central attraction for residential investments with its limitless features and benefits.

Apartments in Kukatpally, Hyderabad For Sale

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