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NRI Investments in the most expensive real estate markets in kochi
Owing Apartments in Kochi is the biggest dream of NRIs and the middle class people. Kochi is basically said to be an investors’ market and these investments of both the NRIs and the middle class people have fuelled up the growth in the city. Kochi has seen a massive growth in its IT sector and Infrastructural development through NRI investments.
Kochi is one among the most expensive real estate markets in India. Significantly, the populaces with an annual income of 13 lakhs and above only can consider buying residential projects in Kochi. Furthermore, the average price of the new apartment projects in Cochin and the rental value is noticeably getting high in the commercial capital of Kerala.
The city of Kochi is already in the process of progressing from the small town into a metro city. The major places like Tripunithura, Vyttila, Fort Kochi, Kakkanad and Edappally are becoming part of the prime residential locations in Kochi. Many number of new apartments in Kochi are found available for sale and rent in these places.
Nowadays, the home buyers who are most interested in investing in flats in Kochi are the salaried classes - the NRIs and the middle class people. And both these classes are specific about the facilities and the amenities offered by the flat builders in Kochi.
They are also price conscious and are not willing to spend their hard earned money on investing in the independent homes especially because of the unreasonable hike in the prices of such properties in Kochi. In order to help the home buyers in buying their dream homes, the Government of India is planning to drop the GST rate for property purchases under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%.
As NRIs are not dependent on home loans for buying new luxury flats in Kochi, the middle class people are the most beneficial with the Pradhan Mantri Awas Yojana (PMAY) Scheme in India. Under the 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. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable.
The younger generations are also into investing in new luxury apartments in Kochi mainly because of the increase in number of IT companies, rapid progress of the transportation sector and improved communication in the metro city. With the advancement of metro rail, youngsters also prefer to buy new flats in Kochi which are even farther from their workplaces.
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Own your dream homes in Kochi- The rising metro!
Your dream to own a home in Kochi can soon be a reality! Do you feel surprised? Well all our dream spaces that are beautifully created have always made surprises to our global clients giving them much more than they expected. That’s Varma Homes, the best builders in Kochi. Kochi is the fastest growing metro of the country and owning a living space in Kochi is a matter of pride. On the other hand it’s going to be extremely difficult in future as the city is getting populous day by day. An increasing demand for dwelling spaces is slowly picking up in Kochi. Get the best apartments in Kochi, plan this at one of the best residential location. Our projects in Kochi are focused in a way that it goes with the way the city is developing. We always choose the best residential destinations and all the place where we have prestigious projects are best suited for peaceful homes. In this busy Kochi, we are presently having almost five luxury and compact apartments all in well-connected locations like Tripunithura, Edappally. If you have noticed we have the maximum projects in an around Tripunithura, Four beautiful projects are awaiting you in this Royal Town of Kochi. A lot need to be thought before we align continuous projects in the same place and with Varma Homes we do not have such confusions. Every project that we work bring goodwill to us as there is no compromise in quality. We are extremely transparent and we can ideally say that it’s you who decide how your apartments need to be. Well do you feel it funny? All our apartments, except from the basic structure is planned and worked according to specifications of our beloved clients. This done like that because it’s basically you who is living there. Varma Homes, the most trusted builder in Kerala, the builder with a Royal lineage is proud to have these classic luxury apartments in Tripunithura. We present you Varma's Maalika, Kottaram, Padippura and the second phase of Maalika is already in the stage of construction. All these projects are dream projects beautifully curated from the master craftsmen of Varma. Our architects and well experienced staff is all committed to make Varma a true value for your invested money. All our projects come under the PMAY (Pradhan Mantri Awas Yojana) scheme were you get discounts in price and we provide you the benefit of GST as well. So to know more about Varma's dream projects, contact us soon and avail the early bird surprises that awaits you! Apartments in Kochi | Apartments in Thrissur | Apartments in Trivandrum
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Kochi Metro Extending to Chottanikara | More Opportunities in Real Estate Investments
Hey, here's the good news! Now the Kochi metro is extending to Chottanikara, an apartment in Chottanikara will be an added benefit for homebuyers. With mobility being diverted to the metro, convenience in commuting at Chottanikara would be hassle-free. Its proximity to the railway station, proposed municipal bus terminal and the easy access to seaport-airport road would be definitely an added advantage. The Kochi Metro has upturned the brand image of Kochi and increased major investments; specifically in the real estate industry. The closeness to metro has become a key selling point for all the builders. It is indeed that owning property near a metro station has its own profits in terms of the future appreciation expected out of it. Are you right now confused about what will be the perfect place where you are right in the buzz of the city, yet apart from all the bustling rush? Well, consider Chottanikara. Here is why! We all know that Kochi is busy with traffic, business and whatnot. Your next home would ideally be far away from all these buzzes and yet should be within reach of the town. That is why Chottanikara is the best option. It offers you what noble lifestyle demands. The well-developed infrastructure, upcoming metro rail line for intra-city connectivity, a wide range of health care facilities, crowned with tourist places, the wide spectrum of business and job opportunities etc. are some of the reasons why Chottanikara is evolving into the most desired destinations of property buyers. If you have any plan to buy an apartment tucked away from the busyness of the city and placed in the most tranquil living environ of Chottanikara then there awaits you Varma Homes Bougain Heights! It is 2BHK & 3BHK compact apartments near Thiruvankulam with all modern amenities. Altogether, it is simply the luxury behind comfortable living, soothing nature and excellent quality standards. Now the metro rail extending to Chottanikara boost housing demand and give you another reason to select Bougain Heights as your dream apartment near Thiruvankulam. Let’s Check Out Other Reasons Why You Should Buy This Bougain Heights Fresh Air, Unpolluted Water & Close to Nature-Away from the din & bustle of the city, Bougain Heights brings a peaceful life amidst the blessings of nature. Here, the hypnotizing views of lush green surroundings instill calmness in mind, and the wind that carries fresh cool air is a refreshing presence. Above all, this land of idyllic magic gives you unpolluted groundwater & is a true green paradise amongst apartments in Kochi. Proximity to Major Industrial Hubs-Bougain Heights located near Thiruvankulam, a small town within city limits but having all privacy of a village atmosphere. It is close to the major industrial hubs of the city like Cochin Refineries, IOC, and HPCL. This makes Thiruvankulam a preferred locality for buyers specifically for the professionals working in these respective industries. Richness of Both Culture & Heritage- The richness of both culture & heritage in Chottanikara oozes through the nook and corner of the city making it a coveted travel and tourist destination. This also makes a worthy reason for you to purchase your next home here if you are the kind who love a bit of culture and heritage and want it to be part of your everyday life. Good Accessibility- Here getting around is never a hassle. It has excellent connectivity to the seaport - airport road, mini bypass, & other transit modes. Also has proximity to all modern needs like schools, colleges, hospitals, supermarkets etc. The real estate potentials of this place are highly striking which makes a superb choice for a person looking for an apartment in Kochi along with investment interests. Tech Town Is Just Around the Corner- There is no doubt that Infopark, the IT hub of Kochi, is one of the reasons why the young generations are migrating to settle down in Kochi. It is located near to Thiruvankulam being just under 10 Kms is the perfect location for all techies looking to settle down. Residential Township- This is blessed with a strategic locality and has a lot to offer as a residential zone. Combined with continuously improving social infrastructure, residential layouts and gated communities make Thiruvankulam a thriving residential hot spot in Kochi to live peacefully and to invest in the future. The whole town is placed so perfectly that it is always not too busy & at the same time, not too detached. Isn't that what we all need? So to own a home in Chottanikara, visit Varma Homes – the top builders in Kerala who deliver projects on time and build top-quality apartments in Kerala with a good finish.
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How To Invest In The Right Property Within Budget?
Embarking on the journey to invest in real estate, whether it's the allure of luxury houses in Kerala, flats for sale in Kochi, apartments in Thrissur, or ready-to-occupy flats in Thiruvananthapuram, requires a strategic approach. As you delve into the process of finding the perfect property within your budget, there are crucial steps to follow. These steps will ensure that your investment aligns not only with your financial capabilities but also with your aspirations of owning a piece of this enchanting region.Determine Your BudgetBegin by going through your income, spending, and obligations. This can assist you to understand your financial condition and calculate how much you can reasonably afford to spend on a home. Most real estate transactions need a down payment, which is often a percentage of the overall purchase price. Determine how much of a down payment you can afford. Apart from the purchase price, there are various other expenditures connected with purchasing a home, such as closing charges, legal fees, property taxes, and upkeep costs. Make sure to include these expenses in your budget. Consider being pre-approved by a lender if you intend to finance your home acquisition with a mortgage. Set a budget that works for you based on your financial status and the costs of purchasing a home. When it comes to picking a home within your budget, keep in mind that you may need to make concessions and prioritize your demands.Identify Your NeedsDecide the extent to which you require bedrooms, bathrooms, living areas, and outdoor space. This will be determined by the size of your family, your lifestyle, and any unique requirements. Evaluate the exact qualities you desire in a house, such as a garage, outside space, a swimming pool, or other facilities. Take into account your long-term goals and how your investment will fit into them. If you intend to have children, for example, you may require a home with more bedrooms and an outside area. If you intend to rent out the home, you should assess its rental potential as well as the facilities that tenants will demand. When you've identified your needs, prioritize them in order of significance. You may make an informed decision about investing in property within your budget by assessing your needs. To ensure that you make a wise investment that fulfills your long-term goals, you must analyze all elements that are essential to you and prioritize your requirements.Research The MarketAssess current real estate market trends in the region where you wish to invest. Understanding issues such as supply and demand, property valuations, and market circumstances are all part of this. Evaluate the development potential of the industry in which you wish to invest. Look for elements such as new projects, infrastructure upgrades, and other growth indicators that may raise property prices in the future. If you intend to rent the property, investigate the current rental prices in the neighborhood as well as the demand for rental units. This will give you an indication of how much rental revenue you might be able to make from your investment. It's vital to comprehend the local market circumstances, property valuations, and growth possibilities in order to make a wise investment that fulfills your long-term objectives.Work With A Reputable Real Estate AgentReal estate agents have extensive knowledge of the local real estate market, including property valuations, market trends, and sales history. When it comes to investing in property within your budget, this knowledge might help you make an informed decision. They have years of experience and knowledge in purchasing and selling real estate. They may offer invaluable advice and direction throughout the purchase process, including assisting you in identifying houses that match your requirements and negotiating a reasonable price. Real estate agents share a professional network with other agents, lenders, house inspectors, and other industry experts. They may use their connections to assist you in finding the correct house, obtaining financing, and ensuring a smooth closing process. Varma Homes provide the best services and guidance to make all your dreams come true.Check The Property ThoroughlyBegin by checking the property's exterior. Check for evidence of deterioration such as foundation or roof fissures, water damage, or mold. When you've gone over the outside, go over the interior. Check for indications of wear and tear, such as cracked walls or floors, dripping faucets, or broken appliances. Look for pests like rat droppings, termite damage, or cockroach infestations. They can be expensive to remove and may suggest broader issues with the property. Make that the plumbing and electrical systems are in good operating condition. Check for leaks, electrical problems, or antiquated systems that need to be updated. Take a walk around the neighborhood to get a sense of the community and the local facilities. Search for places that are essential to you, such as parks, schools, restaurants, and shopping complexes. Consider hiring a professional inspector to do a more thorough examination of the property. A skilled inspector can see any faults that aren't always obvious and offer you a detailed report. Consider Long-Term ValueKeep up with the latest real estate market trends. Are the costs in the region rising or falling? What are the future growth projections? Investing in a property with long-term growth potential might deliver a strong return on investment. Evaluate the property's condition. Is it in good shape and will require just minor repairs or improvements in the future? Well-maintained properties tend to preserve their worth better over time. Assess the property's ability to create rental revenue if you want to rent it out in the future. Properties in desirable locations with adjacent facilities may have a higher rental value, offering a solid long-term return on investment. Conclusion:The journey to investing in properties like luxury houses in Kerala, flats for sale in Kochi, apartments in Thrissur, or ready-to-occupy flats in Thiruvananthapuram is marked by strategic financial planning, thoughtful research, and prudent decision-making. By following these steps, you can navigate the intricate landscape of real estate investment, ultimately realizing your dream of owning a property that aligns with your aspirations and financial goals in this captivating region.
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Ascertain the Influential Factors on Market Value of Your Residential Property
In today’s world, not just investors but even the end-users are keen to observe the market value of the residential property before buying the home. The real estate market and its development is reliant on various factors. Financing in the property market can reward you with worthy returns if the factors affect the property value are in your favour. To estimate the residential properties value it is vital to find out the influence of those factors that related to the housing characteristics and the residential properties value. So if you are buying or selling an investment property or home, the question is that how much the property is actually worth? The recent real estate statistics in India proved that property valuations are now depending on the factors that influence the market value in the real estate industry. Right intuitions in respects to the right time for the property purchase, price escalations, downturns in the real estate market and all other indicators, aid in making purchase decisions. Key Factors Drive the Market Value of Residential Properties The real estate sector absolutely is on the upsurge, with the growth lunge being delivered by significant factors which affect the prices of residential property in the country. So, what are these factors that drive the real estate market value of your residential property? Read on to learn what drives property prices up, what causes them down and how you can find that whether your home is worth. • Infrastructural Development It is one of the most significant factors that influence the real estate market prices in India. The present situation of the roads & airports, bus terminals, shopping malls and all other advanced facilities in the surrounding area of the residential property, helps in value growth of the same. Another most crucial requirements for each investor looking to buying property or land is the connectivity. That is the rise in the market price of the property is depending on its good connectivity to the medical facilities, entertainment hubs, retail markets, business centres and all other facilities. • Inflation Inflation is caused by the excess amount of money being in circulation, which in turn leads to the decline of the money value. As this occurs, the prices for various inputs like land price, labour, legal building permits, construction materials, also increase. Obviously, inflation will not affect the increased property prices in a zone if the locality itself is lacking the social and civic infrastructure or poor accessibility. • Demand and Supply Demand and supply are reliant on human behaviour as home buyers favour locations which are sound in infrastructure. Changes in the population are also the key factor for demand. At times customers are ready to pay extra for a property since they find that living in that locality desirable. This kind of demand again takes in the real estate investors, who purchase properties to vend them at a profitable amount when supply slows down. This grounds the land prices in that place to increase even further. So together with the number of people inhabiting in an area, the popularity of the area also affects the increased property price of that area. • Population Growth When there is a large number of customers in the market, then obviously the value of properties increases. The population growth rises the demand for the residential properties and it directly translates into faster appreciation in the real estate prices. The increase in demand inclines to increase in the property value, as it forces customers to buy. · Advancements In Nearby Properties Changes in the nearby areas of the residential property can cause to the changes in the market value of the property. This factor mainly depends on population growth and infrastructure development. Housing units in the major desirable locations are the ones with greater prices. Any sort of development and advance can shift the supply and demand graph of the locality. If you are looking for apartments in the prime locations of Kerala, Varma Homes is your best choice!!! Varma Homes is the most trustworthy builders in Kerala offering superior quality and affordable luxury apartments in Kochi, Trivandrum and Thrissur. We always create the true and the excellent living spaces meeting the desires of our clients. We are always ready to help our customers to stay within their budget and their preferred locations.
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What Questions To Ask When Buying An Apartment
When it comes to finding the ideal apartment, there's a multitude of factors to consider. From understanding the overall cost, amenities, and security measures to evaluating the neighborhood and transportation options, each aspect plays a pivotal role in making an informed decision. Whether you're looking for flats for sale in Kochi, apartments in Thrissur, or a flat in Thiruvananthapuram, this guide will provide you with a comprehensive set of questions to ask and considerations to make during your apartment hunting journey.The Total Cost Of The Apartment, Including Closing Costs, Property Taxes, And Any Other Fees?Contact a real estate agent or an attorney to assist you to understand the costs of the acquisition, such as closing charges, transfer taxes, and other fees. Consult your lender to learn about the costs of your mortgage, such as interest rates, loan fees, and mortgage insurance. Investigate the property taxes in the neighborhood where the unit is located. This information is usually available on the website of the local government or by calling the local tax assessor's office. Assess whether there are any additional expenditures related to the purchase, such as homeowners association fees or utility charges. Put all of these expenditures together to get the total price of the unit. Varma Homes, renowned builders in Kerala, are here to provide you with the necessary guidance to unravel these intricacies and address your queries.The Square Footage Of The Apartment, And How Does It Compare To Other Apartments In The Area?More apartments in the region can be found by looking at listings or sales data for other apartments. You may also compare the costs of comparable apartments in the neighborhood to discover how square footage impacts the pricing. Remember that the location, age, and facilities of the building may all affect the price, so keep all of these aspects in mind while comparing apartments in the neighborhood. Analyze the listing or sales details for the flat. This should contain the apartment's square footage. If the square footage is not provided, you may need to inquire with the seller or real estate agent. Examine the floor plan of the flat. This should help you estimate the square footage by giving you a sense of the layout and size of the rooms. You can measure the apartment using a tape measure or other measuring instruments. This might be time-consuming, but it will provide you with an exact measurement of the space. Varma Homes offers the most qualified staff to support you in your endeavors to make the process easier for you.Amenities Are Available In The Building, Such As A Gym, Pool, Or Laundry FacilitiesWhen selecting amenities, evaluate what you require and what you are prepared to spend for. A gym or pool, for example, may be vital facilities for you if you value fitness and exercise. If you don't have a car, check to see if the building provides laundry facilities. Consider any extra expenditures related to the facilities, such as gym membership fees or higher maintenance fees. Amenities may increase the value of an apartment and make it more desirable to prospective purchasers or renters. Having a rooftop terrace or communal area, for example, may make the building more appealing and boost its worth. They improve the comfort and enjoyment of your living area. Air conditioning, a dishwasher, or a balcony, for example, may make your apartment more pleasant and improve your living experience.What Is The Neighborhood Like, And What Are The Nearby Schools, Restaurants, And Shopping Areas?Check up on the neighborhood and read articles or blog entries on living there. This might offer you a sense of the area's personality, culture, and atmosphere. Spend some time roaming the neighborhood to acquire a sense of the surroundings. Search for neighborhood stores, restaurants, parks, and other facilities. If you have children or intend to have children in the future, you should look into the local schools. Check up on their ratings and reviews to get an idea of how good they are. Browse the restaurants and retail centers in the region to discover what possibilities are available. This might assist you in determining whether the region provides the facilities you require. Engage in a conversation with residents to learn more about what it's like to live in the region. They may be able to provide you with information on the neighborhood's strengths and disadvantages.What Is The Parking Situation, And Is There A Dedicated Spot For Your Car?While purchasing an apartment, it is essential to evaluate the parking issue, especially if you own a car. You want to make sure your vehicle is safe and convenient to park. Some flats include a designated parking space or garage. If so, inquire about the fee and availability of the parking space. What are your choices if there is no designated parking? Certain buildings may provide parking permits on the street, shared parking lots, or neighboring parking facilities. Be sure to inquire about the price and availability of these alternatives. Inquire about the security of the garage or parking lot if there is dedicated parking. Is your car protected by security cameras or other measures? Are there any parking restrictions in the area? Parking restrictions or permits are required in some localities. Check for any parking limitations that may affect your ability to park. Take into account how close the parking is to your unit. The Security Situation In The Building And Surrounding Area?You want to ensure that the building is safe and that no illegal individuals may enter. Look around for security features such as cameras, street lights, or police presence. If you feel uncomfortable in the region, it may have an influence on your quality of life. Examine the crime rate in the area to get a feel of the neighborhood's safety. You may look up crime statistics online or ask people for their opinions. Inquire about any security issues that have occurred in the facility or the surrounding region. This might help you determine the amount of security you can expect. Check to see if the building is in a flood or seismic zone. If this is the case, inquire about the building's safety measures and emergency exits.What Is The Availability Of Public Transportation In The Area?Look for public transportation options in the region, such as buses, trains, or subways. Check that the transportation alternatives are appropriate for your needs. If you rely on public transit to get about on a regular basis, be sure the services are frequent enough to fit your schedule. If it is too far away, it may disrupt your regular routine. Look at the cost of public transportation, such as a monthly pass or a single fare. Ensure that the price is within your budget. Examine the public transportation system's dependability, such as how frequently buses or trains are delayed or canceled. If the system is faulty, it may disrupt your regular activities. When buying an apartment, it's critical to evaluate the availability of public transit, especially if you rely on it for your daily commute. By asking these questions and conducting research, you may have a better grasp of the public transportation situation in the region. Conclusion:Embarking on the journey to find the perfect apartment requires careful consideration of various factors. Whether you're exploring flats for sale in Kochi, apartments in Thrissur, or a flat in Thiruvananthapuram, it's crucial to delve into aspects like costs, amenities, security, and neighborhood characteristics. By asking the right questions and conducting thorough research, you'll be well-equipped to make a confident decision that aligns with your lifestyle and preferences. Remember, the right apartment isn't just a place to live; it's a place to call home.
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