The First
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19 insights shared by the community.
What residents appreciate the most
Luxury real estate projects in Hyderabad, including this one, are primarily purchased by a wealthy demographic, including business owners, individuals with generational wealth, high-ranking private executives, and Non-Resident Indians (NRIs), who seek value, luxury, and a desirable lifestyle.
People putting in 10-20 crores aren’t dumb, they see value, luxury and happiness.
Clientele for upscale ventures is roughly 50% NRIs, 30% business folks + generational wealth + movie industry allied, 10% private executives, 10% builder friends and family.
Most such premium projects are bought by NRIs. It's one of the safest investment options for them.
There’s a lot of business class community in Hyderabad. They buy these luxury real estate projects.
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The project is positioned as a prestigious and highly valuable development within Hyderabad's real estate market, indicating a premium status and desirability.
DSR First is considered a costly and worthy project in all of Hyderabad.
This is a ready to move in apartment for sale at the prestigious 'The First' by DSR.
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The project offers generously sized apartments, with specific units measuring 6666.66 square feet, featuring four bedrooms and ample parking space for up to eight cars.
The apartments are 6666.66 Sq.Ft with four bedrooms and eight car parking (4+4).
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Residents can enjoy picturesque lake views from their apartments, adding to the aesthetic appeal and desirability of the property.
The property boasts a beautiful Lake View.
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There is a prevailing belief that Hyderabad's real estate market, particularly in the luxury segment, still holds significant potential for price appreciation in the coming years.
There’s still so much scope for appreciation in Hyderabad. It's not going down anytime soon.
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The apartments in this project are ready for immediate move-in, offering convenience to buyers who do not wish to wait for construction completion.
Ready to move in Apartment For Sale at the prestigious 'The First' by DSR.
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Projects in West Hyderabad are noted for offering high-quality facilities, driven by a competitive market where developers strive to provide superior products to attract buyers.
These are world-class facilities and the world’s best tech companies are around, where people can easily get what is good and what is not.
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Hyderabad is expected to see a massive influx of immigrants in the next five years, potentially creating substantial demand for housing, including luxury properties.
Imagine how many people will immigrate to Hyderabad in the next five years... it will be massive! 15-30 lakhs... if 1% of them buy, that is 20000 demand.
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The project benefits from its location in West Hyderabad, offering proximity to the city's IT hub, the international airport, and the Outer Ring Road (ORR), enhancing connectivity and convenience for residents.
The closeness to the happening part of the city, IT hub, international airport, ORR ring road, etc., are key amenities.
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Where residents want improvements
There are allegations of black money involvement in luxury real estate transactions, with builders potentially using illicit funds and engaging in practices like bribing officials or taking loans on unsold projects, raising ethical and financial concerns.
The black money gets passed onto politicians and the builders get favors and govt contracts.
Most black money usually ends up in RE to turn it into white. Let's say X is buying the villa for 5cr. He'll have the sale deed for 2-3 cr for tax purposes and rest off books.
Yes because the developer invested using black so return on his investment should be white.
Builder will bribe and loan off the bank if it is unsold and fly away... real estate is the cash for black to white.
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Concerns exist about the rapid oversaturation of the luxury real estate market in West Hyderabad, with a vast supply of upcoming projects and unsold inventory, which could lead to a drastic fall in prices and make it difficult for investors to resell properties.
There are literally 1 lakh units of unsold inventory in the city right now, with tens of thousands more in the pipeline. That is not healthy.
Real estate market will fall drastically in Hyd.
It's become oversaturated quickly. Will struggle to find buyers in 5 years time to flip.
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High-rise apartment living, common in luxury projects, offers minimal to no space for personal gardens or extensive green areas, which is a significant drawback for those who prefer a more traditional lifestyle with gardening.
Many business people reside in these apartments (gated communities), but yes there's no scope for gardening.
I would choose an independent house over some high-rise building... can focus on gardening.
Forget having gardens, almost all the houses that are built are encroaching 1 or 2 feet onto the road leaving zero space for gardens or trees.
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Despite being marketed as luxury, some projects in this segment are criticized for lacking basic high-end finishes and amenities, suggesting that the quality does not always justify the premium price.
There are no good amenities for the price provided but the people have no choice.
Wtf world class facilities, have you been to temple tree? Did you see spacing between two villas? There is no proper space between them.
Absolute shit show buildings for the price. Lacks basic luxury finishes in the so-called luxury high rises.
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Many newly constructed luxury apartments remain empty, primarily bought by Non-Resident Indians (NRIs) as investments rather than for immediate occupancy, raising concerns about potential market instability if these investors decide to liquidate their assets.
Almost all the newly constructed apartments are empty, it's just NRIs parking their money, the day these people want their investment back is the day all hell breaks loose!
NRIs are wasting their money on these projects if they are not planning to reside.
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Despite being listed as a luxury project, there are observations that many such properties, including 'The First,' appear vacant or still under construction, with lights often off, raising questions about actual occupancy rates.
Are these units actually selling? Why are most of the properties vacant (assuming this - cuz lights are turned off)?
They’re not finished construction yet? That’s why lights are not on?
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The Hyderabad real estate market, especially for luxury properties, is perceived by some as heavily overpriced and overhyped, with prices inflated beyond their true value.
People are creating and marketing everything as luxury and it's cheap, literally cheap in Hyderabad.
Hyderabad's real estate market is heavily overpriced and overhyped... prices are inflated just like that.
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There is a concern among potential buyers that this project might be the developer's first venture in Hyderabad, which could lead to uncertainties or risks, particularly regarding project completion and delivery.
As far as I know, this is their first project in Hyderabad. That's how the majority of buyers get stuck in under-construction projects.
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In rapidly developing areas like Neopolis, where many luxury projects are located, there are concerns about the lack of groundwater, which could lead to increased dependence on water tankers and potential water scarcity issues as population density rises.
It's stone (Neopolis) - there's no ground water under the skyscrapers. Dependence on water tankers will increase once population density rises.
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The rapid urbanization and development of high-rise projects contribute to a loss of Hyderabad's traditional peaceful, green localities, leading to increased traffic, construction noise, and pollution, diminishing the city's former charm.
Gone are the days we can find a peaceful, green locality with big enough plots that can have both a decent sized house and a nice garden and trees. Almost every colony is full of parked cars and traffic, construction noise and pollution.
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