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Mistakes When Buying Ready To Move Apartments
Buying a new property can be a very challenging task, as for a newly constructing property you will have to work along with the property builders. While buying a previously owned house, you can easily get enough and more information regarding it.
The flat builders with whom you have decided to work along or to buy your new flats from, make sure to get their complete details and do not forget to check the builders’ background or previous construction history.
The following are the most common mistakes that people make when buying a new property:
1. Lack of Proper Research
The most fundamental step in buying a new property is research. Select a city based on your preference and make the basic enquiries about its vicinity, safety, infrastructure and development of the area in the near future, etc. The home-buyers have a tendency to listen to other’s opinions and forget to do this crucial step.
2. Consider Pros and Cons
Getting first-hand information is always better than relying upon secondary resources. Look for the lifestyle of the area to best suit you and your needs by checking the proximity to local markets, malls, schools and hospitals. These are the basic requirements to consider if you are planning to move in with your family.
Varma Maalika and Varma Regent of Varma Homes are the ready to occupy flats in Ernakulam which have already received an overwhelming response from the public. Both these carefully built apartments are accessibly erected in the prime residential areas of Ernakulam city.
The new luxury apartments of Varma Maalika in Thripunithura, specifically positioned at S.N. Junction is proximate to almost everything. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more.
Varma Regent’s luxury flats in Edappally is nearby to all the prominent healthcare centres, famous educational institutions, popular hangout spots and other major commercial developments. Apart from the proximity to Lulu Mall, its easy access to Metro Station is an added advantage of Varma Regent.
3. Don’t go beyond your budget
Don’t forget about your financial status when buying a new property. Plan your budget accordingly and apply for a home-loan in advance to avoid any unpredictable financial crisis in the future.
This is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account.
The Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%.
On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available.
4. Verbal Promises
Don’t fall for the verbal promises of your apartment builders, later on you may face the challenge of not having your dream home built the way you wanted it to be. So in order to avoid making such a mistake, visit the worksite personally during the construction and afterwards.
Varma Homes strives to uphold their promise ‘Quality Assured Affordable Homes to All’ in every residential venture that they undertake. It is the essence of their mantra ‘Constructing Happiness’. The top builders in Kochi guarantees prompt delivery of their projects, as the motto of Varma Homes itself says “Varma Promises Timely Delivery” and they also complete their projects on time.
For an instance, both Varma Regent and Varma Maalika, the residential projects in Kochi (Hurry up, only a few units left!) were not delayed, instead it were delivered well before the agreed dates and their present clients are immensely satisfied with their ready to move flats in Cochin.
Always choose the most dependable and trustworthy home builders when buying a new property. Varma Homes is one of such reputed builders in Cochin.
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The most positive aspects of purchasing your apartment near a school
As a responsible parent, what you would sincerely strive for would be to attain a bright future for your kids. To achieve this, you might even go to the extent of admitting them to schools that are situated farther away. But at what expense? Long commutes, exhausted and cranky children, problems contacting you in an emergency, and so forth are only a few of the problems that could put your tolerance to the test. Consider how much time you could save and how much better your children's health would be if the school was closer. It is always beneficial to consider properties and apartments that are close to prime amenities such as schools. Here are the major positive impacts that purchasing a flat near a school could bring you: 1. Reserve the time & money spent on travel: A home within walking distance of your children's school is a boon, particularly for working parents. They can drop off their children on their way to work and avoid the morning traffic. Because of the close proximity, parents are not required to pay for a school bus service. Children can also choose to eat healthy, balanced meals cooked at home for lunch. 2. Children are better protected: The police and municipal officials are clearly discernible in areas around schools and universities. Parents can rest assured that their children are safe and well-supervised. Staying near your children's school allows you to meet and interact with their friends and sometimes family as well. It's soothing to know they're in good hands. 3. Mornings without squabbles: Parents strive every day to get their children to get up early and prepare for school. If you live near your children's school, you may all sleep in a little later and even have a leisurely breakfast. If the kids forget something, they can return home quickly and collect it. After all, school is only a short walk away. 4. Kids gain more time & attention: Sitting for long hours in the school bus or any other means of transportation is tiring for your child in today's congested traffic. If they attend schools that are close to where you stay, they will arrive home earlier than usual. As a result, they have more time and energy to engage in play, develop hobbies, complete homework, and prepare for the next day's classes. 5. Comparatively affordable living: The cost of living in neighbourhoods near schools is generally lower than in other locations. Homebuyers may find that a house near a school is more cheap than a comparable house in a different neighbourhood. 6. Additional facilities close by: Nearby schools frequently have a public playground. You don't have to travel far to have a wonderful time with your children. Students can utilise adjacent playgrounds, swimming pools, and jogging tracks even on weekends, if provided. 7. Improve future returns: Homebuyers usually seek out properties near schools. Many people are ready to pay a greater price for a home that is close to a good school for their children. Being close to a good school can enhance the value of your apartment, which is important for anyone planning to sell soon. Apartment prices are likely to rise in the coming years due to increased demand for housing near educational institutions. 8. Inducing feelings of a community: When people reside near a school, they develop a sense of belonging to a community, which allows for a vibrant way of life amongst people. Always keep in mind that the location is everything. Buying an asset inside a college location may be a big bonus if it's the proper kind and in an appropriate area near critical services and facilities. Varma Spectrum - Luxury apartments close to Bhavan’s Vidya Mandir schoolAway from the hustle and bustle of the city, there's a peaceful, laid-back spot in Poochatti, Thrissur. Varma Spectrum is located in this lovely metropolis, and its elegantly integrated homes with remarkable construction reflect the enthusiasm of the place. Located opposite to Bhavan's Vidya Mandir, Varma Spectrum makes an ideal place to dwell in with regards to fulfilling the educational requirements of your children. Watch them scuttle away to their college each morning and back, with a complete coronary heart understanding that they may be in the vicinity, in a secure area, and in stable hands. ? We strive to give you the finest using our competence in delivering dream apartments in Kerala, created with state-of-the-art building ideas and world-class amenities such as a fitness centre, decorated lobby, library, and indoor play area. You will live a pioneering lifestyle at Varma Spectrum. It is a valuable asset for those looking for the best luxury flats in Thrissur that offer more than any resident could want. So, if you're looking for a one-of-a-kind living experience with internationally acclaimed facilities, plentiful vegetation, and a tranquil atmosphere, go no further. Kerala's cultural centre, Thrissur, is the hottest, most happening place to own and enjoy life. Take advantage of the chance to call Varma Spectrum your ideal house near school, which will be completed by August 2022*. Please visit our website or call us at +91 9539 29 33 33 to learn more about this project.
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The Apartment Living Lifestyle Of Kochi People
Due to the amount of urban development and the improvement in people's financial circumstances, the way of life of the people in Kochi is constantly changing. Additionally, the cost of land and houses have now grown due to Kochi residents' shifting lifestyles. As a result, there is a much greater demand for apartments and flats in Kochi.As the leading builders in Kochi developed innovative projects aimed at the salaried classes and high-profile individuals, including NRIs, the sector has experienced a surge in growth. Additionally, banks have done their share to lower the interest rates on house loans. Professionals and businessmen from all sectors are migrating to Kochi these days, and there is therefore a significant demand for flats and apartments in the city. Even for individuals who do not live in the city permanently, having an apartment or a flat in Cochin is thought to be a good option. Kochi is the most favoured city to reside in due to how easily accessible everything is. It is also perfect to live in Kochi close to the city's top hospitals, shopping centres, commercial districts, academic institutions, and airport.The number of property buildings from the greatest builders in Kochi has expanded as a result of the district's abrupt development. Even the banks have lowered the interest rates on mortgages in light of the expansion of the real estate market.The initiatives are mostly aimed at professionals, NRIs, and other salaried individuals who want to relocate to the "Queen of Arabian Sea."Why have Flats in Kochi??Even if it's not for living in, having an apartment in the city might be advantageous because many professionals can find apartments close to their place of employment. The benefit of the rental option goes to the property owners who have apartments close to the infopark and apartments close to Kakkanad.Since many government offices and the Infopark, Kochi's IT hub, are located in Kakkanad, these two areas are the key draws for IT professionals and government employees.Main Attractions of Kochi!!The demand for houses in the primary shopping destination regions expanded even further with the recent construction of the highly regarded malls in Kochi. The LULU mall in Edapally is the best illustration. When compared to other important areas in the city, Edapally has a larger density of properties.The projects from the builders, such as Retirement Living, which primarily targets retired people for quiet living with individuals of the same category, are another aspect that contributes to the changing lifestyle.The expanding Metro, which connects all of the city's key locations, is another benefit that contributes to the changing lifestyle because the key locations can be reached in a split second. And it's advantageous to live close to a metro station.Additionally, it is advantageous to be close to Kochi's top medical facilities, shopping centres, business districts, academic institutions, and airport.A Place For EveryoneEven residents of different states and districts choose to remain in the city because it offers all the essential services and necessities. Flats in Tripunithura and those close to the infopark, where there are many young people, are in high demand.Kochi is the most popular city to live in due to its simple accessibility via road, rail, river, and air transportation channels. Even those who are not permanent residents find Kochi to be excellent given the current state of investment and commercial prospects. Kochi may also be the parent of individuals from various locations.Since individuals desire to enjoy a lovely view, the demand for apartments that face the Arabian Sea is considerably higher. Due to the view's proximity to the port and the sunset, they also favour it.The demand for waterfront apartments from residents of other regions of the state is consistently high. As a result, there is a greater need for a higher standard of living. People in naive places are also in greater demand for apartments. In addition, they want to see how city dwellers live.Given its rapid urban development, Kochi offers builders a wealth of opportunities. They have the capacity to serve as the foundation for innovations that reach extraordinary heights. If you are looking forward to buying affordable apartments in Kochi, pay a visit to Varma Homes sample apartments.
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BUYING A HOME — FROM HOME
COVID pandemic has discouraged the spirit of many home buyers, for all those who were in the middle of hitting a deal for buying an apartment. Is this uncertain crisis holding you back to realize your dream apartment in your hometown? You don’t need to stop your dream of chasing your lifetime investment of owning a beautiful home. Here is a good news, at Varma Homes we are here to help you to realize your dream of owning your apartment even in these unusual times with all the safety measures. Being a responsible and reliable builder in Kerala, we stand for constructing a better world tomorrow and we have resumed the operations in all our project locations such as Kochi, Trivandrum & Thrissur while keeping the safety guidelines of the Government. Given the strict regulations surrounding social distancing, we have started sharpening our digital tools. Well, waiting until the lockdown is lifted to buy your dream apartment wouldn’t be the wisest decision. So get ahead of the market! Here is how you can still benefit from the lockdown and buy your dream home. Exclusive Online Booking Now customers who are keen on purchasing an apartment are more likely to go online to seek information, interact, and even close a deal. Potential buyers, including NRIs, are now getting enough time to discuss and research properties online. Once you get the information about the property, you may even opt to make the booking online. Online booking involves payment of the initial token amount for the property. You can complete the entire booking process online, including making advance payments in a jiffy just like that. Adhering to Social Distancing 'Site Visits' Considering the current scenario, where there is a strong emphasis on social distancing we provide site visits for our customers with full measures. We promise you to full safety while you make site visits. We have taken all precautions for your safety as per the guidelines issued by the Government Health Authorities. We use sanitised cars for client pick up and drop Thermal scanning at the entrance to assure safety Sanitizers provided at each site for sanitising hands Each visitor shall be provided masks during the visit Only one person will guide you for the guided tour. Only one person will be permitted to enter the sample apartment at a time. Clients are requested to strictly follow social distancing and safety protocols during the visit. Special Offers to NRI’s With the ongoing pandemic leaving a crippling effect on societies and economies worldwide, we introduced special offers for potential buyers especially for NRI’s. With our special offers, you can now own a luxury apartment even in this unpredecent situation. Yes, this will be an offer that you simply can’t refuse. So take advantage of time and situation. Have a happy and safe purchasing! This is limited so hurry up the especially NRIs who are preparing to return to “safe haven” Kerala by buying a piece of the country’s real estate.At this moment, it is important that each one of us do our bit in controlling the outbreak. For this, we can collectively take the benefit of digital transformation, with this the physical and time-consuming act of buying a home could be reduced to a few clicks. This digital transformation will help both the builder and buyer to close the deal effectively. Hence we can take the positive sides, whatever the situation, the game must go on. Indeed, this crisis will leave more sensitised about personal hygiene, cleanliness and healthy ways of life. Let us give time with courage, patience and compassion, together we shall overcome! Let your investment be not under lockdown. Do the safe booking of your dream apartment from your home. Stay Safe & Keep Social Distancing!
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Beyond Tourism: The Real Reasons Foreigners are Settling in Kochi
Kochi lies along the scenic southwestern coast of India and it has long been recognized as a captivating tourist hotspot. It's picturesque landscapes and cultural diversity attract more travellers from across the globe to flock to experience its charm. However, beneath the surface of this vibrant tourist hub lies a deeper trend an increasing number of foreigners are making Kochi their long-term home. Beyond the enchanting allure that draws visitors, there are substantial reasons why people are choosing to settle down in this coastal gem. This transition from tourism to residency marks a new phase in Kochi's global identity. Builders in Kerala have chosen it as an investment park owing to the growing demand for residential properties in limited spaces.Historical Significance and Cultural Fusion of KochiKochi's history unfurls as a dynamic trading port, inviting an amalgamation of cultures that has shaped its identity. The echoes of Portuguese, Dutch, and British colonization still resonate in its architecture, cuisine, and lifestyle. Foreigners find themselves captivated by the remnants of this rich heritage, immersing themselves in a cultural mosaic that spans centuries. The allure of living amidst historical edifices and experiencing a daily blend of diverse traditions fuels the fascination for Kochi as more than just a tourist destination. It transforms into a place where history breathes life into the present, creating a unique and irresistible atmosphere for those seeking a deeper connection.Economic Opportunities and Business GrowthKochi's allure stretches beyond its cultural richness it's rapidly evolving into an economic powerhouse. The city's IT sector is flourishing, drawing in tech-savvy individuals and fostering a climate of innovation. The startup ecosystem is thriving, with young entrepreneurs finding fertile ground for their ventures. Additionally, the historic significance of Kochi as a port has translated into a contemporary role in international trade. Its strategic location fuels business opportunities, attracting both established corporations and new ventures seeking to tap into global markets. This convergence of history and modernity generates a unique economic landscape that appeals to foreign settlers seeking not just a home, but a platform for growth.Quality of Life and Affordable LivingCompared favorably to other global cities, Kochi offers an attractive cost of living without compromising on quality. The availability of flats for sale in Kochi from reliable builders in Kochi, provides a hassle-free transition for foreign settlers. The city boasts a range of amenities, from cultural attractions to modern healthcare facilities, ensuring a comfortable lifestyle. Well-planned infrastructure, including efficient transport systems, contributes to the ease of daily life. As the sun sets over serene backwaters, it's evident that Kochi strikes a balance between cosmopolitan aspirations and affordable living, making it an appealing choice for those seeking a higher quality of life.Education and International SchoolsKochi not only offers a rich cultural experience but also educational opportunities that attract foreigners. The presence of international schools with globally recognized curriculums caters to the diverse expatriate community. Beyond schooling, the city provides avenues for higher education, including specialized courses that draw foreign students looking to expand their skill sets. This educational ecosystem, combined with the city's unique blend of history and modernity, enhances Kochi's appeal as a destination for families seeking both cultural enrichment and quality educationExpat Communities and Support SystemsKochi is not just a place to reside; it's a community waiting to embrace newcomers. The city hosts a variety of expat communities and clubs that provide a welcoming space for individuals from around the world. These communities offer more than just social interactions; they serve as vital support systems for those navigating life in a new culture. From networking events to language exchange programs, these platforms foster connections and friendships, making the transition smoother and enriching the experience of settling in Kochi. With shared experiences and a common bond of living in this vibrant city, these communities instil a sense of belonging that turns a foreign land into a true home.Natural Beauty and ClimateKochi's tropical allure extends beyond its historical and economic facets. The city's lush greenery, tranquil backwaters, and serene coastal landscapes create a harmonious environment that resonates with those seeking respite from the hustle of urban life. The tropical climate adds a touch of warmth to daily living, making outdoor activities a year-round pleasure. In Kochi, nature is not just a backdrop; it's an integral part of everyday life that fosters a connection with the surroundings, offering a contrasting and refreshing escape from the chaos of bustling metropolises.Culinary Delights and Global CuisineKochi's charm is not only evident in its landscapes but also on its plates. The city's culinary scene is a melting pot of flavors, blending traditional Kerala cuisine with global influences. From aromatic local spices to international gastronomic delights, Kochi's food culture is a celebration of diversity. The emergence of cafes, restaurants, and eateries catering to global tastes speaks to the city's evolving palate. Whether indulging in local seafood delicacies or savoring international dishes, food enthusiasts find themselves on a culinary journey that transcends borders, making Kochi a paradise for those who appreciate the world's flavors.Art, Culture, and FestivalsKochi's cultural tapestry is a canvas adorned with vibrant hues. The prestigious Biennale, showcasing contemporary art, draws artists and art aficionados worldwide, fostering a dynamic arts scene. Alongside modern creativity, traditional art forms like Kathakali and Mohiniyattam mesmerize with their expressive grace. Festivals, including the exuberant Onam and joyous Christmas celebrations, unite the city's diverse populace in a tapestry of colours and traditions. The allure lies not only in the events themselves but in the spirit of unity they evoke, making Kochi a cultural melting pot that celebrates both heritage and innovation. Many artists are settling down in Kochi from different parts of India to develop their art forms. As a result, the demand for ready to occupy flats in Kochi is growing.Safety, Governance, and Progressive PoliciesSafety and security are paramount in Kochi's welcoming embrace. The city's reputation for safety, especially for foreigners, instils confidence in its appeal. Progressive policies and effective governance mechanisms streamline processes for ex-pats, simplifying settling procedures. With transparent legal frameworks and supportive institutions, Kochi emerges as a city that not only values its residents but actively welcomes and facilitates their integration into its diverse tapestryConclusionKochi beckons with its multifaceted charm, inviting exploration beyond the surface. While it remains a treasured tourist destination, the city's allure extends far beyond fleeting visits. It is a place where diverse influences intertwine seamlessly, creating a lifestyle that resonates with people seeking culture, economic growth, and a higher quality of life. As readers consider the enchanting blend of history, opportunity, and warmth that Kochi offers, they're encouraged to not just be tourists but to envision themselves as potential residents, contributing to the city's ongoing narrative of growth and harmony. Since people opt for Kochi most commonly for education, job or medical facilities, the demand for apartments in Kochi is growing, including rentals and purchasing.
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Check Before You Buy: Know Your Rights As An Apartment Buyer
Buying an apartment can be an overwhelming endeavor, and there are so many facets to consider. With countless laws governing the real estate market, it may seem impossible to know exactly what you’re signing up for when buying a property. It is therefore vital to have a basic idea of what the contract entails before signing it. There are various laws pertaining to the sale of real estate in Kerala which are meant to safeguard the interests of both buyers and sellers. To avoid possible problems, homebuyers must be informed of such laws and their rights under them. Here are some must-read rights of a property buyer in Kerala to help prevent any potential issues related to apartment buying.Ø Right to Get Information One of the key rights for buyers when buying a new apartment is the right to get complete information about the project they are investing in. So, the homebuyer can use this right to access all project information, legal sanctioned plans, building layout plans, RERA registration number & other specifications approved by the responsible authorities. After all, your home is one of the largest purchase decisions you will make, and by having access to all the information at your fingertips, you can be sure that your choice was the best one for you.Ø Right to Understand Construction Schedule The prospective buyer has the right to be informed of the project's step-by-step completion schedule, which includes provisions for electricity, water, sanitation, and other services and facilities stated in the sale agreement's terms and conditions.Ø Right for InspectionBefore you buy an apartment, you have the right to inspect it and make sure it's in good condition. If it is an under construction project, you also have the right to inspect the project's progress. This right of the buyer to inspect the property before making full payment is intended to help minimize disputes and claims of misrepresentation at a later stage.Ø Right to Claim a RefundAs per RERA rule, the homebuyer has the right to claim a refund when the builder fails to deliver possession of the apartment property according to the terms stated in the sale agreement. In such cases if any dispute arises between builder and homebuyer in terms of refund, RERA could help the homebuyer to get the refund amount. The National Consumers Defense and Research Center (NCDRC) has ruled that buyers are entitled to a refund if possession is delayed for more than a year after the builder's agreed time. As per NCDRC, if projects are not delivered within that specified time frame, the developer is required to repay the full amount plus 10% interest. Ø Right to Claim PossessionThe right to claim possession of an apartment could be considered one of the most important rights that a buyer has over the property. This right helps the buyer get his or her hands on the property once all of the necessary formalities have been completed, and the required payment has been made. So, as a homebuyer, you have the right to claim possession of the apartment, provided the builder has handed over all the essential documents, such as the completion certificate, rights to use common areas, if any, and building insurance, which is compulsory under the law.Ø Right to receive benefits in valueFollowing the transfer of ownership of the apartment from the builder to the buyer, the buyer is entitled to any increase in the property's value, as well as the rents and gains generated by the property. After the deal, the builder may have no claim to the benefits of the apartment property.Ø Right to File a Complaint about the ModificationsAs per RERA rules, a buyer has the right to file a complaint if a builder makes any changes to the permitted plans, floor plans, fittings, and amenities without the consent of at least 2/3rds of the allottees, apart from the promoter, who have agreed to purchase an apartment in a building.Ø Right to Get the Title DeedThe seller's title to the property is transferred to the buyer when the deed is signed. The seller must officially confirm that the property is wholly free and clear of any legal encumbrances. The buyer owns the legal rights to the property once the title deed has been registered. Takeaway, You have been educating yourself about your rights as a homebuyer, drawing you one step closer to getting your perfect dream home. If you're looking for the most trustworthy and responsible builder in Kerala to own your dream apartment, Varma Homes is a wise choice. We bring you a broad range of apartments that match your desires & balance your lifestyle in your favoured locations in Kerala. Get ready & never hesitate to buy an upcoming or under-construction apartment with the most trustworthy real estate builder, like Varma Homes, as all our ongoing projects are registered under RERA. We have strictly followed traits such as on-time delivery, top-notch quality, and trust since the inception of our apartment projects, which has made VARMA HOMES the best of the rest!
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