Plots for Sale in Tellapur
Tellapur is a fast-growing residential locality in Hyderabad, situated in the western part of the city. It is well-connected to the major IT hubs of Hitech City, Gachibowli, and Madhapur, as well as the financial district and the Outer Ring Road (ORR). Tellapur offers a range of plots for sale for those who want to build their dream homes in a serene and green environment.
Types of Plots Available
Tellapur has a variety of plots for sale, ranging from residential to commercial to agricultural. Depending on your budget and preference, you can choose from gated community plots, HMDA-approved plots, DTCP-approved plots, farm plots, or open plots. Some of the popular projects offering plots for sale in Tellapur are:
- Residential plots: These are plots that are meant for building individual houses or villas. Residential plots are usually located in gated communities or layouts that offer security, privacy, and amenities to the residents. Residential plots are ideal for those who want to enjoy a spacious and comfortable living in a peaceful and green environment.
- Commercial plots: These are plots that are meant for building commercial establishments such as offices, shops, hotels, restaurants, etc. Commercial plots are usually located along main roads or near business hubs that offer high visibility, accessibility, and footfall. Commercial plots are ideal for those who want to earn a steady income from rentals or leases.
- Mixed-use plots: These are plots that can be used for multiple purposes such as residential, commercial, industrial, or agricultural. Mixed-use plots offer flexibility and diversity to the owners who can utilize the land as per their needs and preferences. Mixed-use plots are ideal for those who want to have a balanced and integrated development.
Location Advantages
Tellapur has many location advantages that make it an attractive destination for real estate investment. Some of them are:
- Proximity to IT hubs: Tellapur is close to the major IT hubs of Hitech City, Gachibowli, and Madhapur, where many reputed companies such as Infosys, Wipro, Microsoft, Facebook, Deloitte, HSBC, Optum, Qualcomm, and Novartis have their offices. This makes it convenient for IT professionals to commute to work and also increases the rental demand in the area.
- Connectivity to ORR: Tellapur is well-connected to the ORR, which provides easy access to other parts of the city and also reduces traffic congestion. The ORR also connects Tellapur to the Rajiv Gandhi International Airport at Shamshabad, which is about 37 km away and can be reached in less than an hour.
- MMTS connectivity: Tellapur is set to get MMTS connectivity in the second phase of the project, which will link it to other important areas such as Secunderabad, Nampally, Dabirpura, Malkapet, Hitech City, and Lingampally. This will improve public transportation and also boost property values in the area.
- Educational institutions: Tellapur has many reputed educational institutions in its vicinity such as Hyderabad Central University, Birla Open Minds International School, Glendale Creative Arts Academy, Manthan International School, Delhi Public School, and IIIT Hyderabad. This makes it an ideal location for families with children and also increases the demand for residential plots in the area.
- Healthcare facilities: Tellapur has many reliable healthcare facilities nearby such as Citizens Hospital, Tellapur Ayurvedic Chikitsthalaya, Tawaakal Clinic, Continental Hospital, and Himagiri Hospital. This ensures that the residents have access to quality medical care and emergency services.
Infrastructure and Amenities
Tellapur has a well-developed infrastructure and amenities that cater to the needs and aspirations of the residents. Some of them are:
- Water supply: Tellapur has a good water supply system with borewells and overhead tanks. The government has also sanctioned land for the Telangana State Southern Power Distribution Company Limited for construction of a new drinking water supply tank, which is expected to be ready by January 2024.
- Power supply: Tellapur has a stable power supply with underground cables and transformers. The government has also sanctioned land for the Telangana State Southern Power Distribution Company Limited for the construction of a new substation, which is expected to be ready by January 2024. This will resolve the issue of erratic power cuts in the area.
- Drainage system: Tellapur has a proper drainage system with stormwater drains and sewer lines. The government is also working on a project design with the Hyderabad Metropolitan Water Supply and Sewerage Board to set up a sewerage system in the area.
- Roads: Tellapur has good roads with blacktop and CC roads. The government is also planning to lay CC roads soon after the monsoon. The roads are widened and well-connected with flyovers and underpasses. The 100-foot road in Tellapur connects to the ORR, providing convenient transportation facilities.
- Parks: Tellapur has many parks and green spaces that provide recreation and relaxation for the residents. Some of them are SDV Children’s Park, Park-Honey Dew, Urban Forestry Nursery, and Tellapur Lake Park. These parks have facilities such as jogging tracks, play areas, landscaped gardens, and benches.
Plot Sizes and Pricing
Tellapur offers a range of plot sizes and pricing for different budgets and preferences. The average price per sq yd in Tellapur is around Rs 75,000. The plot sizes vary from 200 sq yards to 2000 sq yards. The price of the plots depends on factors such as location, size, amenities, approval, and developer. Some of the indicative prices of the plots in Tellapur are:
- Tellapur HUDA layout plots: Rs. 1 – 1.4 Lakh per sq yd
- Shilpa Layout: Rs. Rs 65,000 – 1.2 Lakh sq yd
- Other Plots: Rs. 80,000 – 1.4 Lakh sq yd.
Financing Options
Buying a plot for sale in Tellapur can be made easier with the help of financing options that are available from various sources such as banks, NBFCs, housing finance companies, etc. Some of the financing options are:
- Home loan: Banks and financial institutions offer home loans for buying or building houses on plots. Borrowers can avail of these loans with competitive interest rates, flexible repayments, and low processing fees. The loan can cover up to 80% of the property cost, contingent on eligibility factors like income and credit score.
- Plot loan: Plot loans are for buying land without building intentions. Banks provide them with attractive rates, flexible terms, and minimal fees. Plot loans can cover up to 70% of land costs, depending on borrower eligibility.
- Construction loan: Construction loans fund house construction on owned or plot-loaned land. They offer reasonable interest rates, flexible terms, and low fees. Construction loans can cover 100% of construction costs, subject to eligibility criteria.
- Composite loan: Composite loans merge plot and construction loans. Banks offer them with competitive rates, flexible terms, and minimal fees. Composite loans can cover up to 85% of plot and construction costs, based on eligibility factors like income and credit score.
Legal and Regulatory Considerations
Tellapur has some legal and regulatory considerations that need to be taken care of before buying plots in the area. Some of them are:
- Approval: It is important to check whether the plot is approved by the relevant authority such as HMDA, DTCP, or GHMC. This will ensure that the plot has clear title, layout, and development permissions. You can verify the approval status of the plot by checking the layout plan, the sanction letter, and the registration documents of the developer.
- Encumbrance: It is essential to check whether the plot is free from any encumbrance such as mortgage, lien, litigation, or dispute. This will ensure that the plot has no legal issues or claims from any third party. You can check the encumbrance status of the plot by obtaining an encumbrance certificate from the sub-registrar’s office.
- Mutation: It is necessary to check whether the plot has been mutated in your name after the purchase. Mutation is the process of transferring the ownership and tax liability of the plot from the seller to the buyer. This will ensure that you have the legal right and responsibility over the plot. You can apply for mutation at the revenue department or the municipal corporation by submitting the sale deed, the khata certificate, and other relevant documents.
- Taxation: It is important to check whether the plot is subject to any taxation such as property tax, capital gains tax, or stamp duty and registration charges. This will ensure that you pay your dues and avoid any penalties or fines. You can check the taxation details of the plot by consulting a tax expert or a lawyer.
Plots for Sale in Tellapur: Investment Potential
Tellapur has a high investment potential due to its strategic location, rapid development, and rising demand. Some of the factors that make Tellapur a lucrative investment destination are:
- Appreciation: Tellapur has witnessed a steady appreciation in property prices over the years due to its proximity to IT hubs, connectivity to ORR, MMTS connectivity, educational institutions, healthcare facilities, and other amenities. The average price per sq ft in Tellapur has increased from Rs. 3,000 in 2015 to Rs. 5,100 in 2021. The price is expected to increase further in the future due to ongoing and upcoming infrastructure projects such as sewerage systems, water supply tanks, substations, CC roads, and flyovers.
- Rental income: Tellapur has a high rental income potential due to its large population of IT professionals, students, and families who prefer to live in a peaceful and green environment. The average rental yield in Tellapur is around 3%, which is higher than the city average of 2.5%. The rental income is expected to grow further in the future due to the increasing demand for residential plots in Tellapur.
- Resale value: Tellapur has a high resale value due to its popularity among buyers who want to build their dream homes in a gated community with world-class amenities. The resale value of plots in Tellapur depends on factors such as location, size, amenities, approval, and developer. The resale value of plots in Tellapur is generally higher than the market value due to their scarcity and quality.
Nearby Facilities and Services
Tellapur has many nearby facilities and services that make it a convenient and comfortable place to live. Some of them are:
- Shopping malls: Tellapur has many shopping malls nearby that offer a variety of products and services such as clothing, accessories, electronics, groceries, furniture, and more. Some of them are Aparna Mall, Inorbit Mall, Sarath City Capital Mall, Manjeera Mall, and Forum Sujana Mall.
- Restaurants: Tellapur has many restaurants nearby that offer a range of cuisines such as Indian, Chinese, Continental, Italian, and more. Some of them are Barbeque Nation, Paradise Biryani, Mainland China, Pizza Hut, and Subway.
- Banks: Tellapur has many banks nearby that offer banking and financial services such as deposits, loans, cards, insurance, and more. Some of them are the State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
- ATMs: Tellapur has many ATMs nearby that provide cash withdrawal and other services such as balance inquiry, mini statements, pin change, and more. Some of them are SBI ATM, HDFC ATM, ICICI ATM, Axis ATM, and Kotak ATM.
- Petrol pumps: Tellapur has many petrol pumps nearby that provide fuel and other services such as air pressure check, oil change, car wash, and more. Some of them are Indian Oil Petrol Pump, HP Petrol Pump, Bharat Petroleum Petrol Pump, Reliance Petrol Pump, and Shell Petrol Pump.
How to Purchase a Plot
Tellapur has a simple and transparent process for purchasing a plot in the area. The steps involved are:
- Research: Begin by researching plots for sale in Tellapur through online portals, newspapers, magazines, or brokers. Compare factors like location, size, amenities, approval, and developer.
- Site visit: Next, contact the developer or broker to arrange a site visit. Inspect the plot, and verify the layout, dimensions, soil quality, and surroundings. Check water, power supply, drainage, and roads.
- Negotiation: Negotiate with the developer or broker to discuss prices, payment terms, discounts, and offers. Inquire about amenities, maintenance charges, and association fees.
- Booking: Secure your plot by paying a booking or token amount. Sign a booking agreement specifying plot details, price, terms, and cancellation policy. Obtain a payment receipt or acknowledgment.
- Registration: Register your plot by paying stamp duty and registration charges at the sub-registrar’s office. Fulfill GST and TDS obligations if applicable. Sign the sale deed, transferring ownership and possession. Collect original documents and keys from the developer or broker.
Future Development Prospects
Tellapur has bright future development prospects due to its strategic location, rapid development, and rising demand. Some of the factors that will enhance the future development prospects of Tellapur are:
- Metro connectivity: Metro connectivity in the third phase of the Hyderabad Metro Rail project will link it to key areas, improving public transportation and boosting property values.
- IT parks: Upcoming IT parks like Tellapur Techno City, Tellapur IT Park, and Tellapur SEZ will create more jobs and drive rental demand, with renowned companies like TCS, Cognizant, IBM, Accenture, and Oracle setting up shop.
- Residential projects: New residential projects like Aliens Space Station 2, Aliens Hub, Aliens Sky Park, and Aliens Elite will offer various housing options and top-notch amenities for homebuyers and investors. These projects include apartments, villas, plots, and commercial spaces.
Conclusion
Tellapur stands out as an excellent choice for purchasing plots in Hyderabad because of its strategic location, rapid development, and growing demand. It offers various plots to cater to diverse budgets and preferences. The location advantages, infrastructure, amenities, plot sizes, pricing, financing options, legal and regulatory considerations, investment potential, nearby facilities, and future development prospects all contribute to its appeal. The process of acquiring a plot in Tellapur remains straightforward and transparent. If you seek plots for sale in Tellapur, reach out to us at 9390661620 or visit www.ysrealty.in for assistance. We’ll assist you in discovering your ideal Tellapur plot.