Hyderabad is ranked the most liveable city of India, fourth time in a row. Sounds like music to the ears, doesn’t it? Who wouldn’t want to own a piece of this magnificence?
If you are on a journey of buying a home and wondering how to seal the deal, we are here to assist you in making the right choice.
With regards to property types, be it commercial spaces, apartments, independent villas or others, they are divided into different classes – Class A, Class B and Class C. They mainly differ in their location, amenities provided and state of the building itself. We will take a closer look at them later in the blog.
In the labyrinth of real estate, owning a Class A property is a definite profit in your yearly financial statement.
What is a Class A property?
Class A property is considered the most elite & high yielding property in the market at any given point in time. Being a Class A property owner is the safest bet one can make in the real estate market.
So, you may wonder what are the characteristics of Class A property? There are not any definitive rules & regulations to a Class A property but has a few specific characteristics. Some of them include:
Great Location: Location is a primary aspect of determining if a property is a Class A property or not.
Class A property is situated at the center of everything. Workplaces, entertainment, learning institutes, health care and a cluster of other things are located around it, yet the vicinity is serene and secure. You are right! Locations like Gachibowli, HITEC City, Jubilee Hills, Banjara Hills etc. would qualify for locations that have Class A properties.
Class B properties, on the other hand, are generally a little older and are located in less desirable areas. The lowest classification of properties is Class C. These are really old buildings and are located in less desirable areas and are often in need of extensive renovation.
However, bear in mind that age of the building is not the only defining characteristic for categorising properties. Older buildings located in areas like Jubilee and Banjara Hills etc will still have a higher value and would constitute a Class A property.
Amenities: A Class A residential property is a collection of state-of-the-art amenities. From a spacious swimming pool to a clubhouse and a gated security system to a well-maintained gymnasium, a Class A property should have all the amenities to unwind and relax.
If a particular property doesn’t have the above-said amenities, it can be categorised as a Class B or C property. To get the best ROI on your money and attract good rentals, invest in a Class A property with all the amenities and security.
Construction Quality & Interiors: Unique architecture, impeccable construction quality and lavish interiors qualify for a Class A property. Italian marble, wooden finishes, false ceiling, designer furniture are some of the qualities of a Class A property.
However, decently located Class B properties can be returned to their Class A glory through renovations. On the other hand, Class C buildings are those where building infrastructure and technology is outdated.
Why invest in a Class A property?
This property type offers the above advantages along with many others including professional management and lower maintenance issues due to the newness of the building constructions.
Overall, Class A properties offer more security for investors as they don’t require much additional investment past the initial one. Due to the growth in the surrounding area, these properties also have high demand, low vacancy and high rental/buy rates.
While Class B and C properties usually provide capital appreciation, Class A properties allow for capital preservation. Overall, the latter is a much better bang for your buck.
So, if you are thinking of buying a property in Hyderabad, go for a Class A property for maximum gains. Explore The Botanika; a gated community offering class and extravagance, built to provide an exuberant lifestyle for Hyderabad’s finest.
