One of the greatest purchases most people make is purchasing a home, and with so many different types of homes to choose from, the process can be a little overwhelming. Trivandrum is a terrific place to live because it has so much to offer its citizens. Additionally, Trivandrum offers a large selection of flats to choose from due to the city's burgeoning real estate market.
However, before committing to one, you will first need to make sure of these points which will get you a good deal.
Before committing to a purchase, it's important to familiarize yourself with the real estate market in Trivandrum. Understand the different neighbourhoods, the average price ranges, and the types of properties available. This will help you make a more informed decision about which property to buy.
Getting pre-approved for a mortgage will give you a better idea of how much you can afford to spend on a property. It will also make the process of buying a flat much smoother, as you'll be able to move quickly when you find the right property.
A good real estate agent can help you navigate the buying process and find properties that meet your needs. They can also provide valuable advice on things like negotiations and closing costs.
When buying a flat, it's important to think about the long-term. Consider things like the resale value of the property, the potential for appreciation, and the overall livability of the area.
Buying a flat is a big decision, and it's important to take your time and make sure you're making the right choice. Don't rush into a purchase just because you feel pressure to do so. Take the time to weigh your options and make sure you're comfortable with your decision.
Here are a few key questions that you should ask before purchasing an apartment in Thiruvananthapuram
The builder ought to be able to persuade you of why this specific project is beneficial for you and provide financial justification for it. He should explain why it is superior to projects from other builders as well. This ought to address things like the calibre of the materials used, the after-sales services, the special features, and the excellent location.
The builder should be able to answer questions about the carpet area, built-up area, and super built-up area precisely and accurately. The pricing of the apartment is based on the carpet area, which is the actual square footage of the apartment you are purchasing. To enable you to assess the overall cost and its viability, the builder should provide you with full details regarding the specs.
You should request copies of the following documents, among others: the title deed, the commencement certificate, the approvals and NOCs from various agencies, the previous tax receipts, the RERA registration number, etc. All of these papers will make sure that the property is clear of any flaws that can later end up costing you money.
The builder should offer a detailed contract outlining his obligation to pay a specific sum for each month the project is delayed. This is one of the rationales behind the creation of the RERA statute.
Before you move into your Trivandrum apartment that is ready for occupancy, the Occupancy Certificate (OC) must be supplied; otherwise, you run the danger of being evicted.
In conclusion, buying a flat in Trivandrum can be an exciting and rewarding experience, but it's important to do your research, get pre-approved for a mortgage, hire a real estate agent, consider the long-term, and not rush into a decision. With these tips in mind, you'll be well on your way to finding your dream home in Trivandrum.
Since its founding, Varma Homes has effectively established itself as one of Kerala's most reputable builders. We started out with residential construction in Kochi and have since extended to Thrissur and Trivandrum. We'll be launching in Calicut and other big cities very shortly. To constantly produce the greatest service and quality in our pricing range, we make it our full-time goal. We don't have any projects that are stuck at Varma Homes since we firmly believe in creating satisfaction for both our team members and our stakeholders.
Yes, it is clear that the real estate developers and homebuyers were the biggest winners in the Budget 2019, and therefore the industry's housing extents may see a commendable shift. Real estate experts welcome the tax benefits and the various exemptions declared within the Interim Budget 2019 are probably upsurge the demand for real estate and in the affordable sector. The Finance Minister Piyush Goyal presented the budget on February 1st, the real estate industry had the major reason to happy as various direct, and indirect measures were proposed for the damaged sector. The property area, which has been fronting a number of multi-year demand slowdown, particularly with falling sales, may profit significantly from the new proposals of this budget. Let’s check out what real estate gained in budget 2019: No need to worry about two self-occupied houses - People who own up to 2 self-occupied properties do not need to pay any notional rent tax on them. Exemption of notional rent on the 2nd self-occupied house can give extra savings within the hands of the second home purchasers and will additionally boost the capitalist activity within the sector. Considering the problem of the middle class has to take care of families at 2 locations on account of their job, care of parents, children’s education, this move will offer a space to save more on housing taxes. Many folks would additionally request choices to purchase for homes after this rollout of the new benefit in housing investments. Capital gain advantages on 2 housing investments -The good thing about the change of capital gains underneath section 54 of the Income-tax Act is going to be boosted from investment in one residential house to 2 residential house for a taxpayer having capital increases up to Rs 2crore. This profit will be availed once in a lifetime. This reinvestment of capital gains in 2 homes, is expected to increase investment in residential real estate zone and make this market more attractive. TDS threshold for the tax deduction on rent hiked - The TDS threshold for deduction of tax on rent has been proposed to be increased from Rs 1, 80,000 to Rs 2, 40,000, which provide much relief to small taxpayers. Therefore, this move will definitely drive up the sales of affordable housing. Relief for housing developers & home buyers- The Interim Budget 2019 will offer abundant chances for the homebuyers to invest. Extension of the exemption limit for taxpayers will upsurge the purchasing capacity of the homebuyer, thus providing a path to attain ‘Housing for All’ vision. In addition, builders do not have to pay notional rent on unsold flats for two years after the year in which the construction is finished, which is a great step. Income tax rebate-The tax rebate concept helps Individual taxpayers, those having taxable annual income up to Rs five lakh can get the full benefit for the tax rebate and so won't be needed to pay any income tax. This proposal can facilitate in increasing the budget of house buyer’s and might give a giant boost to the demand for housing. The budget offers additional income within the hand of the residential land client, encouraging them to push their budgets up for brand spanking new homes, whereas conjointly providing tax incentives for finance in a very second home. It ought to increase demand in the residential niche market. The much-awaited auspicious time of the year is here, when persons look forward to spending cash on several kinds of stuff, especially homes and golds. Because of this favourable budget 2019 of Government, the real estate market gets a big boost and the homebuyers gained more benefits. Therefore, it is clear that this 2K19 is the perfect year for both housing developers and homebuyers. Experts say that there cannot be a better time to buy a house than now. If you have any plan for buying your dream home in your preferred location, then it is the right time. Also, you no need to worry about choosing the right builder; here is your solution Varma Homes, the best builders in Kochi. We building living spaces that truly matters your happiness. You can catch your dream apartment with us in the major prime locations of Kerala. So hurry up, now the decision is up to you…
Read MoreCertainly, there are numerous perks to living in an apartment. When compared to other housing alternatives, apartment living is the safest and most convenient. But, in order to make it effective, we must consider many factors. The Do's & Don'ts listed below can help you make the most of the amenities available to you and to build a happy life in your dream apartment.DO’S:1. Be ResourcefulAn apartment is a concept that gives you your space while also allowing you to share common facilities with the other inhabitants. As a result, it is your responsibility to ensure that you’re resource-conscious. Use the resources associated with them judiciously while washing the car, watering the plants, using electricity in common areas, or hosting a clubhouse party.2. Make Your Place Feel like A HomeTreat your place as if it were your own. You may customize it in a variety of ways to make it appear & feel like your own. Incorporate your individuality & select a hue that you’re comfortable with. It's enough to start by exhibiting your collection, decor, planting some greenery, showing some beautiful old images you enjoy, & creating a comfortable place that will relax you from within. As a result, it is advisable to adorn each & every nook with everything that makes you feel at ease at home.3. Utilize the Available FacilitiesWe' aware of all of the great facilities in our apartment, but actually using them is another matter. The early difficulties of forming a new habit may have little to do with accessibility. In your apartment, you could find an air-conditioned fitness club, a swimming pool, or a children's play area with equipment, as well as a slew of other modern conveniences. When you already have all of them, it isn't a good idea to leave them away without considering the benefits. Begin by going to the pool after work for twenty minutes or spending time at the park with your children in the evening.4. Maintaining a Regular Cleaning ScheduleDon't put off cleaning until your home is completely covered with dust & trash. Make it a practice to clean every day before bed. Every day, spend at least 15 minutes cleaning the floor & dusting tabletops & other surfaces. Allowing dirty dishes to accumulate in your residence is not a good idea. To avoid pest infestation, wash them as soon as possible. If you keep your apartment clean & quite well maintained, it will infuse positivity into your life as well as make you feel happier in your abode.DON’TS:1. Don’t Be a Bad NeighbourAn apartment is a shared living space. If you would like to be treated well, always be a nice man. If you really want your neighbours to treat you well, you should treat them well. Simply be a nice neighbour & know where to draw the line in your neighbour's best interest. Avoid loud music, don't have overnight parties that might produce unpleasant noise, don't get into minor conflicts that cause general problems, & constantly be aware of your garbage & other items. It's the tiny things that, if they go ignored, may quickly pile into an uncomfortable scenario.2. Don't Put Off Reporting Maintenance ProblemsThe longer you wait to address problems with your power, heating, cooling, pests, & water, the worse they will get. It is always preferable to report issues as soon as they occur. Be it a tiny leak that can be repaired without causing harm to your floor or creaks from your ceiling, If minor concerns are not addressed promptly, they’re likely to escalate into larger issues, & it won't be long before this causes problems closer to home. As a result, even if there's a maintenance issue or anything that doesn't belong in your living environment, take immediate action.3. Don't Leave the Complex LitteredWhen we live in a community, we have some restrictions on our freedom. Because you'll be utilizing these amenities daily, avoid cluttering the apartment complex, particularly the walks, elevators, parking lots, and amenity areas. And, of course, no one likes to begin their day by visiting a littered location. Though your apartment & its complex are undoubtedly important aspects of your regular life, there are some areas of the apartment building that are shared. As a result, make sure you live on your own terms while remaining aware of your limitations.Living in an apartment is a beautiful experience with its own uniqueness. You can also make your experience in the apartment complex the best if you begin living as a tenant with care and consideration for others in the neighbourhood. In a home where you'll spend the rest of your life, make sure you establish an atmosphere of safety, love, & caring. Now you know the fundamental apartment "Do's and Don'ts." However, you must first choose the proper builder to ensure your perfect comfort and happiness in your ever-dreamed apartment. Varma Homes, the most trustworthy apartment builder in Kerala, has created luxury apartments that are built for the occupants' entire comfort and happiness. Being, the top builder in Kerala, we provide you with a modern lifestyle of luxury, convenience, & pleasant living with the most sophisticated facilities as well as eco-friendly elements. Kochi, Tripunithura, Thrissur, and Thiruvananthapuram are among the cities where we have our ongoing apartment projects. Pick the one that best meets your requirements. For more information, please contact us immediately or go to our website.
Read MoreDiversification and variety are crucial in life, be it in our personal sphere or our investments. Keeping all your arsenal under one shelter can have disastrous results at times, which makes it even more important to have multiple investment options. Real estate is a popular option among a number of people today, thanks primarily due to the safety and high returns on offer, but it is often seen that investors make blunders while investing, blunders which can have a harsh impact on their income in the future.If you do not want to commit any major mistake while investing your hard earned penny, flats in Thrissur by Varma Homes are one of the perfect examples for the same. If you're just getting started in real estate investing, don't expect to become an expert overnight. You can indeed make money buying and selling properties, but it takes knowledge, determination, and skill. It also helps to know some of the classic mistakes that others make when they start investing in property, to help you avoid making them as well.Mistakes to Avoid While Investing in Real Estate are as follow1. Not Having A Clear Investment StrategyYou should have a plan before you invest your hard-earned money in any venture. It's imperative when it comes to real estate. You should first identify where you want to invest your money. Residential homes are good options for beginners. On top of that, they also make for an easy sale later on.2. Not Doing Your ResearchAnother simple yet crucial step in real estate investment is to do your research. It might be tempting just to buy a property you like and hope for the best, but that's not how this industry works. You need to understand first what you're getting into, where you're investing your money, the potential returns (if any), and other related aspects.3. Not Considering The LocationLocation is a major factor when it comes to investing in a real estate property. One of the most major mistakes to avoid while investing in real estate property is not taking the location into serious consideration. Most people compromise on the location of a place if it costs less. This is one of the major mistakes to avoid while investing in real estate property. You might as well choose a good real estate property with the best facilities and resale value than pick a real estate property that is cheaper with numerous loopholes.4. Neglecting The Reputation Of The Realtors/BuildersThis is one of the most important things to keep in mind when planning to invest in real estate. Real estate brands and builders are the backbone of good real estate property and help in investing in one. So, when you seek a real estate brand for getting a property, it is essential to know that they are well known and have a good reputation and brand name in the market.Make sure that you keep in mind that not taking notice of the real estate brands you seek out is one of the important mistakes to avoid while investing in real estate.5. Lacking Proper PaperworkThe next common mistake to avoid while investing in real estate is nothing but not having structured paperwork. Paperwork needs to be on point to have a smooth registration process and handover of the property. Investing in good and strong paperwork is the best way to make the right decision.6. Blindly Trusting OthersA number of people who purchase property are first timers, who often rely on the word of others when they invest. Blindly trusting a third party while investing can be extremely stupid, for people are bound to do things in their best interest. Blind faith can lead to you spending more than what is necessary or purchasing real estate which doesn't suit your requirements. One should consult experts in order to get a clear picture and rely on the word of those who have a proven record of offering good deals.Committing mistakes is part of human nature, and while we cannot completely wipe out mistakes, we can learn from them. Remembering a few simple points can ensure that your real estate investment doesn't become one of the biggest mistakes of your life.The reality is that if investing in real estate was easy, everybody would do it. Fortunately, many of the struggles endured by investors can be avoided with due diligence and proper planning before a contract is signed.If you want to avoid making mistakes and want to invest in a real estate property that you think would provide you with the best results in terms of the property of value and return on investments, then you should check out the luxurious Flats in Trivandrum by Varma Homes and get your investments sorted.
Read MoreHigh demandThrissur is a popular destination for both tourists and residents, which means that there is a high demand for housing in the city. This demand makes it a good investment opportunity, as you can expect to have a steady flow of renters or buyers for your apartment. The city's burgeoning status as a cultural and tourism centre has also boosted real estate demand. The city is well-known for its lively festivals, museums, and monuments, which draw people from all over the country and outside. Thrissur also has numerous famous educational institutions, world-class healthcare facilities, and a thriving IT industry, making it an appealing destination for students, professionals, and families. Because of the great demand for real estate in Thrissur, property values have steadily increased, making it an appealing destination for real estate investment. Whether you want to purchase a house or invest in rental property, Thrissur is an ideal choice due to its high demand for real estate.Developing infrastructureThrissur is currently experiencing a period of rapid development, with new infrastructure projects such as highways, metro rail, and an international airport underway. This growth is likely to increase the value of your investment over time. Many large initiatives are underway in the city that will revolutionise its transportation and connectivity, as well as its economic and social landscape. Another noteworthy development in Thrissur is the projected Puzhakkal Riverfront development, which would be a major tourist destination as well as a source of economic growth for the city. Among other things, the proposal calls for the creation of a riverside park, a shopping complex, and a water sports facility.Cultural and historical significanceThrissur is known for its rich cultural and historical heritage, with numerous festivals, museums, and monuments that attract visitors from around the world. Investing in an apartment here allows you to be a part of this vibrant cultural scene. Thrissur is also well-known for its numerous festivals and cultural activities. The Thrissur Pooram is one of the city's most prominent events, drawing thousands of people each year. The event features a parade of adorned elephants, lighting, and traditional music and dance performances. Many museums and galleries in the city reflect Kerala's rich cultural and aesthetic traditions. The Kerala Lalithakala Academy is a prominent art gallery that exhibits works by some of the state's most well-known painters. Another famous site is the Thrissur Archaeological Museum, which shows items from diverse periods of history.Education and healthcareThrissur is home to several prestigious educational institutions and world-class healthcare facilities, making it an attractive destination for students and professionals. Thrissur has a robust network of private and public schools that provide high-quality education at all levels. The city's emphasis on education has contributed to the development of a talented workforce, making it an appealing destination for businesses and investors. Thrissur features some of Kerala's top schools and institutions. Many notable educational institutions, including the Government Engineering College, Kerala Agricultural University, and Sree Kerala Varma College, are located in the city. These schools provide a diverse range of courses and programmes, ranging from engineering and technology to medical, law, and liberal arts. The city maintains a network of clinics and health facilities that provide low-cost healthcare to the general people.Weather ConditionsIn general, Thrissur experiences nice weather. The winters make up for both the humid and scorching summers and the copious rains brought on by the monsoon. To experience the finest of Thrissur, visitors take advantage of this pleasant and comfortable time of year. Since Thrissur is surrounded by a lot of natural greenery, a peaceful getaway is never far away at any time of the year. Every morning, the air is filled with the sound of birds chirping. Every evening, pleasant breezes rush by, and in the distance, waterfalls are gurgling.Buying an apartment in Thrissur can be a good investment due to its high demand, developing infrastructure, cultural and historical significance, education and healthcare facilities, and natural beauty. This is a city with a distinct combination of cultural heritage, natural beauty, great education and healthcare, and a thriving real estate market. The city is well-connected to major cities in Kerala and has a solid infrastructure, resulting in increased demand for real estate.
Read MoreKerala, the southern state of India, is known for its beautiful landscapes, serene backwaters, and unique culture. However, in recent years, the state has also become a hotbed for real estate investment. With its fast-growing economy, excellent infrastructure, and increasing demand for housing, Kerala has emerged as the perfect place to buy a flat right now. In this blog, we will explore the various reasons why investing in flats in Kerala is a wise decision.High-Quality Construction:Kerala is home to some of the finest builders and construction companies in India. They use the latest technology and materials to ensure that their projects are of the highest quality. From foundation to finishing, every aspect of construction is carefully planned and executed. This ensures that the flats are strong, durable, and require minimal maintenance.Affordable Prices:Compared to other metro cities in India, Kerala offers affordable real estate options, including Flats in Kochi. The cost of living in Kerala is lower than other major cities like Mumbai, Delhi, and Bangalore, which means that you can get more for your money. The cost of flats in Kerala is also relatively lower than other metropolitan areas, making it an ideal destination for investment.High Rental Yield:Due to the increasing demand for housing in Kerala, there is a high rental yield on properties. The state's economy is growing at a steady pace, and as a result, the demand for housing is also increasing. This means that if you invest in a flat in Kerala, you can earn a high rental yield, making it an attractive option for investors.Growing Economy:Kerala has a rapidly growing economy, driven by industries such as tourism, IT, and healthcare. The state has a well-developed infrastructure, including an extensive road network, airports, and ports. This makes it an ideal destination for businesses looking to expand their operations. As a result, there is an increasing demand for housing in the state, including apartments in Thrissur, making it an ideal investment destination. Tourist Destination:Kerala is a popular tourist destination, known for its beaches, backwaters, and hill stations. As a result, there is a high demand for short-term rental properties in the state. Investing in ready to occupy flats in Thiruvananthapuram, in a popular tourist destination like Kerala can help you earn significant returns on your investment.Safety and Security:Kerala is one of the safest states in India, with a low crime rate. The state also has a robust police force, ensuring that law and order are maintained. This makes it an ideal place to buy a flat, as you can be assured of the safety and security of your investment.Quality of Life:Kerala is known for its high quality of life, with a focus on education, healthcare, and social welfare. The state has a well-developed education system, with some of the best schools and colleges in India. The healthcare system in Kerala is also well-developed, with some of the best hospitals in the country. This makes it an ideal place to live, work, and invest.ConclusionKerala is the perfect place to buy a flat right now. With its high-quality construction, affordable prices, high rental yield, growing economy, tourist destination, safety and security, and quality of life, investing in a flat in Kerala is a wise decision. So, if you're looking to invest in real estate, Kerala is definitely worth considering. We, at Varma Homes, have always believed in Constructing Happiness for our customers who believe in investing safely in happy homes for generations to come. We have maintained our exceptional quality and high standards over the years and this includes choosing vendors and partners who are equally responsible so that our customers have only the best.
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