Introduction: Plots for Sale in Jubilee Hills
Jubilee Hills, located in Hyderabad, Telangana, ranks among the most affluent and prestigious neighborhoods. Numerous celebrities, business magnates, and politicians call it home. It serves as the epicenter of the Telugu film industry, known as Film Nagar. Jubilee Hills provides a luxurious, tranquil lifestyle, boasting lush greenery, picturesque vistas, and top-notch amenities. If you seek a prime real estate investment location, Jubilee Hills stands as the perfect choice. Here are some of the features and benefits of buying a plot for sale in Jubilee Hills:
Types of Plots Available
Jubilee Hills has a variety of plots available for sale, ranging from residential to commercial to mixed-use. You can choose from different sizes, shapes, orientations, and locations, depending on your preferences and budget. Some of the types of plots available are:
- Residential plots: These are plots meant for building independent houses, villas, bungalows, or apartments. They are ideal for those who want to enjoy privacy, security, and exclusivity. Residential plots for sale in Jubilee Hills are usually located in gated communities or layouts, with amenities like parks, clubhouses, swimming pools, gyms, etc. The average price of residential plots for sale in Jubilee Hills is around ₹ 2.3 Lakh per square yard.
- Commercial plots: These are plots meant for building offices, shops, showrooms, hotels, hospitals, or other commercial establishments. They are ideal for those who want to tap into the high demand and footfall of Jubilee Hills. Commercial plots for sale in Jubilee Hills are usually located on main roads or near prominent landmarks, with good connectivity and visibility. The average price of commercial plots for sale in Jubilee Hills is around ₹ 2.8 Lakh per square yard.
- Mixed-use plots: These are plots that allow both residential and commercial development. They are ideal for those who want to enjoy the benefits of both worlds. Mixed-use plots for sale in Jubilee Hills are usually located in strategic locations that offer convenience and accessibility. The average price of mixed-use plots for sale in Jubilee Hills is around ₹ 2.5 Lakh per square yard.
Location Advantages
Jubilee Hills has many location advantages that make it a desirable place to live and work. Some of the advantages are:
- Proximity to IT hubs: Jubilee Hills is close to the IT hubs of HITEC City and Gachibowli, where many multinational companies like Microsoft, Google, Amazon, Facebook, etc., have their offices. This makes it convenient for IT professionals to commute and work.
- Proximity to entertainment hubs: Jubilee Hills is also close to the entertainment hubs of Banjara Hills and Film Nagar, where many cinemas, malls, restaurants, pubs, clubs, etc., are located. This makes it easy for residents to enjoy leisure and recreation.
- Proximity to educational institutions: Jubilee Hills has many reputed educational institutions nearby, such as Jubilee Hills Public School, International School of Hyderabad, Indian School of Business, University of Hyderabad, etc. This makes it suitable for students and parents to access quality education.
- Proximity to healthcare facilities: Jubilee Hills has many renowned healthcare facilities nearby, such as Apollo Hospital, Care Hospital, Rainbow Hospital, Basavatarakam Indo-American Cancer Hospital, etc. This makes it convenient for residents to avail medical care.
- Proximity to the airport: Jubilee Hills is about 35 km away from the Rajiv Gandhi International Airport, which is one of the busiest airports in India. This makes it easy for residents to travel domestically and internationally.
Infrastructure and Amenities
Jubilee Hills has excellent infrastructure and amenities that enhance the quality of life of its residents.
Infrastructure:
Some of the infrastructure are:
- Roads: Jubilee Hills has wide and well-maintained roads that ensure smooth traffic flow and connectivity. The roads are lined with trees and streetlights that add to the beauty and safety of the area.
- Metro: Jubilee Hills has two metro stations on the Blue Line of the Hyderabad Metro Rail: Road No 5 Jubilee Hills Metro Station and Peddamma Gudi Metro Station. The metro provides fast and comfortable transportation to other parts of the city.
- Water: Jubilee Hills has an adequate water supply from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The water is treated and purified before distribution. The area also has borewells and rainwater harvesting systems that supplement the water supply.
- Electricity: Jubilee Hills has an uninterrupted power supply from the Telangana State Southern Power Distribution Company Limited (TSSPDCL). The power is distributed through underground cables that prevent power cuts and accidents. The area also has backup generators that provide backup power in case of emergencies.
- Sewerage: Jubilee Hills has a proper sewerage system that collects and treats the wastewater from the area. The sewerage system is managed by the HMWSSB. The area also has septic tanks and soak pits that dispose of the solid waste.
- Security: Jubilee Hills has high security that ensures the safety and peace of mind of its residents. The area has CCTV cameras, security guards, police stations, and patrolling vehicles that monitor and prevent any crime or disturbance. The area also has gated communities and layouts that provide additional security to the residents.
Amenities:
Some of the amenities are:
- Parks: Jubilee Hills has many parks that provide greenery and open space to the residents. The parks have jogging tracks, playgrounds, benches, fountains, etc., that offer relaxation and recreation. Some of the parks in Jubilee Hills are KBR National Park, Lotus Pond, Jalagam Vengal Rao Park, etc.
- Club: Jubilee Hills has a club that provides social and cultural activities to the residents. The club has facilities like banquet halls, restaurants, bars, swimming pools, gyms, tennis courts, etc., that cater to the needs and interests of the members. The club also organizes events and programs that foster community bonding and entertainment. The club in Jubilee Hills is Jubilee Hills International Centre.
Plot Sizes and Pricing
Jubilee Hills offers plots of varying sizes and prices to suit diverse budgets and preferences. Plots for sale in Jubilee Hills typically measure around 500 square yards (4500 square feet). The average price per square yard is approximately ₹300,000 (₹33,333 per square foot). However, prices can fluctuate based on factors like location, size, shape, facing direction, and available amenities. Jubilee Hills stands as one of India’s most expensive real estate markets, with prime land commanding prices of up to ₹350,000 per square yard (₹38,888 per square foot).
Financing Options
Banks and financial institutions offer financing options for buying a plot in Jubilee Hills. They approve loans up to 70% of the plot’s value, with interest rates varying from 8% to 12% annually. The interest rates depend on your credit score, income, and repayment capacity. You can choose flexible repayment options like EMI, pre-EMI, or bullet payment. Additionally, you qualify for tax benefits on loan interest under Section 24 of the Income Tax Act.
Legal and Regulatory Considerations
Jubilee Hills has some legal and regulatory considerations that buyers need to be aware of before purchasing plots in the area. Some of the legal and regulatory considerations are:
- Title deed: Buyers need to verify the title deed of the plot, which is a legal document that proves the ownership and transfer of the plot. Buyers need to check if the title deed is clear, valid, registered, and free from any encumbrances or disputes.
- Layout approval: Buyers need to check if the plot is part of an approved layout or not. Buyers must verify if the Hyderabad Metropolitan Development Authority (HMDA) or another competent authority approves the layout. An approved layout delineates plot division and allocation in adherence to specific norms and standards.
- Land use: Buyers need to check if the plot is designated for residential or commercial or mixed-use purpose or not. Land use is a classification that determines what kind of development can take place on a plot according to certain rules and regulations. Buyers need to check if the land use is compatible with their intended purpose or not.
- Building permission: Buyers must acquire building permission from HMDA or another competent authority before commencing construction on their plot. This permission grants approval for a building plan adhering to specific norms and standards encompassing design, structure, and safety.
- Property tax: Buyers must actively pay property tax to the government based on their plot’s area, size, and value. The government levies property tax on plot ownership and possession. Buyers must actively register their plot with the Greater Hyderabad Municipal Corporation (GHMC) or the relevant authority and actively make regular property tax payments.
Investment Potential
Investors find Jubilee Hills lucrative due to its high potential for returns on plot investments. Plots for sale in Jubilee Hills appreciate at an average annual rate of 10% to 15%, exceeding the city’s 5% to 8% average. Rental yields on Plots for sale in Jubilee Hills also outperform, ranging from 3% to 5% annually, surpassing the city’s 2% to 3% average. Thus, buying a Jubilee Hills plot proves a wise and profitable investment choice.
Some of the factors that contribute to the investment potential of Jubilee Hills are:
- Demand: Jubilee Hills has a high demand for plots from various segments of buyers, such as end-users, investors, developers, etc. People and businesses are driving demand in Jubilee Hills due to its reputation, prestige, and lifestyle. The area’s proximity to IT and entertainment hubs, educational and healthcare facilities, etc., also contributes to this demand. As Jubilee Hills continues to attract more people and businesses, we anticipate a future increase in demand.
- Supply: Jubilee Hills contains a finite number of plots due to full development and occupancy. Availability depends on land, HMDA regulations, and owner preferences. The area will become rarer and more exclusive, causing supply reduction.
- Appreciation: Jubilee Hills has a high appreciation rate for plots, as it is one of the most sought-after and expensive areas in Hyderabad. Market trends, infrastructure development, and economic growth influence the appreciation rate. We anticipate the appreciation rate will rise in the future as Jubilee Hills gains more value and desirability.
Nearby Facilities and Services
Jubilee Hills has many nearby facilities and services that cater to the needs and preferences of its residents. Some of the prominent ones are:
- Educational Institutions: Jubilee Hills boasts numerous prestigious schools, colleges, and universities. These include Jubilee Hills Public School, Chirec International School, Oakridge International School, P Obul Reddy Public School, Meridian School, Hyderabad Public School, NIFT Hyderabad, ISB Hyderabad, IIIT Hyderabad, and the University of Hyderabad.
- Hospitals: The vicinity of Jubilee Hills houses renowned hospitals and clinics like Apollo Hospital, Care Hospital, Rainbow Hospital, Omega Hospital, Basavatarakam Indo-American Cancer Hospital, KIMS Hospital, Yashoda Hospital, and Fernandez Hospital.
- Shopping Malls: Nearby, you’ll find a variety of shopping malls and markets where you can explore brands and products. These include Inorbit Mall, GVK One Mall, City Centre Mall, Forum Sujana Mall, Sarath City Capital Mall, Shoppers Stop, Lifestyle, Central, and Big Bazaar.
- Multiplexes: There are numerous multiplexes and theaters in close proximity for watching the latest movies and shows. These include PVR Cinemas, INOX, Cinepolis, Asian Cinemas, Prasads IMAX, and Shanti Theatre.
- Restaurants: Jubilee Hills offers a plethora of nearby restaurants and cafes serving various cuisines and delicacies. Enjoy dining at Olive Bistro, Barbeque Nation, Hard Rock Cafe, Chili’s, Taj Mahal Hotel, Paradise Biryani, Cafe Coffee Day, and Starbucks.
- Hotels: If you’re looking for accommodations or places to host guests, you’ll find many hotels and resorts nearby. These include Park Hyatt, Taj Krishna, Taj Deccan, Taj Banjara, Novotel, Radisson Blu, Marriott, and ITC Kohenur.
How to Purchase a Plot
If you are interested in purchasing a plot in Jubilee Hills, you can follow these steps:
- Search: You can search for various plots for sale in Jubilee Hills on online platforms. You can also contact local real estate agents or builders who can help you find suitable plots according to your requirements and budget.
- Shortlist: You can shortlist a few plots that match your criteria and preferences. You can compare them based on their location, size, price, amenities, legal status, and investment potential. You can also visit the plots personally or virtually to get a better idea of their condition and surroundings.
- Negotiate: You can negotiate with the seller or the agent for the best possible price and terms of the plot. You can also check for any discounts or offers available on the plot. You can also ask for any additional services or facilities that you may require from the seller or the agent.
- Finalize: You can finalize the plot that you want to buy after verifying all the legal and regulatory documents and conducting thorough due diligence. You can also consult a lawyer or a real estate expert for any guidance or advice. You can also get a valuation report or a market survey done for the plot to ensure that you are paying a fair price.
- Pay: You can pay the agreed amount for the plot either in full or in installments. You can also avail a loan from a bank or a financial institution if you need any financial assistance. You should also pay the stamp duty and registration charges for the plot at the sub-registrar’s office. You should also get the sale deed and other relevant documents registered in your name.
Future Development Prospects
Jubilee Hills has bright future development prospects that make it a promising area for buyers who want to purchase plots in the area. Some of the future development prospects are:
- Metro expansion: Jubilee Hills will benefit from the metro expansion that will connect it to the Airport and other parts of the city. The metro expansion will improve the accessibility, connectivity, and mobility of Jubilee Hills. The metro expansion will also increase the value and demand of plots for sale in Jubilee Hills.
- Road widening: Road widening eases traffic, improves infrastructure, and enhances visibility and safety. These improvements elevate convenience and raise plot value and demand in Jubilee Hills.
- Commercial development: Commercial development adds offices, malls, hotels, hospitals, and more, boosting business opportunities. This development caters to Jubilee Hills, increasing plot value and demand significantly.
- Residential development: Residential development offers villas, bungalows, apartments, and amenities, providing luxury and comfort. These options elevate living standards, raising plot value and demand in Jubilee Hills.
Conclusion
Jubilee Hills is a dream destination for anyone who wants to buy a plot in Hyderabad. It offers a combination of luxury, comfort, convenience, and nature. It is a place where you can build your dream home or office, or simply enjoy the benefits of owning a piece of land in one of the most coveted locations in India. Jubilee Hills is a place where you can experience the best of both worlds: the urban and the rural. Jubilee Hills is a place where you can make a wise and rewarding investment for your future.
If you are interested in buying a plot in Jubilee Hills, do not hesitate to contact us today. We will help you find the best plot for your needs and budget. Also, we will assist you with all the legal and financial formalities involved in the plot purchase. We will ensure that you have a smooth and hassle-free experience of buying a plot in Jubilee Hills. We look forward to hearing from you soon.
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Plot Size (Sqyd) | Facing | Price/Sqyd | Location |
1194 | East | 250,000 | Near Journalist Colony |
1050 | East | 280,000 | Near Film Nagar |
900 | West | 200,000 | Road no 12 |
1022 | West | 270,000 | Road no 46 |
1490 | West | 200,000 | Road no 5 |
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