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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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The Better Long-Term Option? Living On Rent Or Owning A Home!
Owning a home is a big dream for each & everyone. It is just much more than just a roof & four walls. It blows up a range of emotions and feelings in us. No matter what size or shape your home is, the thought and feeling of home can mean varying things to various people. The sense of safety & security you get from owning your own home is the most prominent & difficult to explain. Read the article to know the best reasons why you should opt for owning a home rather than renting. No Landlord Hassles When you own a home, you are the controller. You do not have to deal with a landlord for any minor repairs or make any changes to your home. Living in a rented home means you are fully dependent on the landlord for water, electricity, maintenance & even to hammer a nail in the wall. Freedom & Emotional Security Buying a home renders added comfort, security & privacy, not only to you but also to your entire family which is a simply irreplaceable experience. Also, the decision to extend, renovate & utilize the space as per your liking is always with you & you don’t need any permission. So, when you have a home, you are your own boss at home! Easy Financing Options & Can Avail Tax Benefit With the availability of a simple financing option, home buying is effortless now. Here you don’t need to wait till your 40s & 50s to collect money for owning your dream home. You can easily acquire it in your 20s & can be the proud owner of a fully paid off house when you turn 50 or even earlier. Hence, when you want to purchase a home by availing a loan, you get capable to earn the tax benefits on the home loan principal & interest you payback. These gains add up to a reasonable deal, in possessing your home. A Chance to Rent It Out Owning a property gives you a major edge that you can rent it out to someone after a point of time to return your home loan. This is possible if you are buying a ready to move apartment. By doing this you can save some money & let the tenant pay your debt over monthly rent rather than paying it from your wallet. An Investment When you are adapted to remain in a particular town for extended periods, having a home will definitely give you a feeling of peace, closeness & help you to connect to the town easily & its way of life. Also, undoubtedly in future you will get a good return value of your property. As we know, over time the costs of property normally increase. Besides, owning a home provides the security of a hard asset simultaneously with guaranteeing monthly cash flow. Likewise, the security of one’s own home in uncertain times can be also a blessing & lessens stress & anxiety. If you pause your home buying process, it will end in having to spend a higher amount as you are forced to pay rent over an extended time. No Uncertainty With your own home, no fear or anxiety is caused by the chance of an untimely end of the lease agreement by the landowner. Moreover, there are no other annoyances like renewing the rent contract every year & negotiating on rent regularly. For the above-mentioned reasons, it is clear than the benefits enjoyed by a house owner are far better than an occupant leasing a house. As you don't require to compromise on various aspects such as location, spaciousness, amenities & much more whereas by investing in your own home, you can simply ensure that your preferred property satisfies all your aspired expectations. Yes, it’s true that sometimes toward the start of purchasing a house may show up as a difficult task, but at the end, you will get a beautiful home of yours & you can give your family a secured life as they deserve! If you think you’re ready to start your journey towards homeownership, then no worries! We are here! Being the leading & the most trusted real estate builder in Kerala, Varma Homes has helped people in purchasing their dream homes. We guarantee we can meet the top-notch quality, safety standards, on-time project delivery & complete client satisfaction. Currently, we have presence in the prime locations of Kochi, Tripunithura, Thiruvananthapuram, Thrissur & Kozhikode. Here you can experience luxury, endless view & outstanding amenities at the apartments of Varma Homes & all are uniquely designed to get our clients like you the feeling of endless happiness. So, take your favourite choice from the house of Varma Homes for realizing your dream home. Get in touch with us to know about our ready to occupy and ongoing apartments in your favoured locations. Say no to rent & Yes to Complete Ownership of Your Home with Varma Homes!
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2 BHK OR 3 BHK? Know Which One's Best For You!
While buying a dream house many people have to go through this question "2 BHK or 3 BHK" which one to buy? This is a very tricky question for sure but no worries, we have the solution. This blog will help you make a judgment on the capital energy of Real Estate Investment, with a contrasting measure choice between a 2 BHK flat and a 3 BHK flat in Kochi.Choosing the correct one is very important for your future as well as your family. There are a lot of factors and parameters which will affect your decision on the buying process of your dream house. Let's discuss the details.BudgetIf you are on a tight budget, then go for the 2 BHK apartments. They offer a decent amount of space for your family, along with the pride of ownership. But if you aren't tied down by financial constraints, a 3 BHK apartment will give you a much better lifestyle - at a nominally larger cost.FamilyA 2 BHK makes good sense for bachelors and young couples as there will still be a room leftover to serve as a guest room. But for growing families with kids or live-in parents, a 3 BHK makes more sense and provides enough space for everyone. Most people buy homes once in their lifetime, so plan for the future too while buying.Rent/ResaleAs far as renting or resale is concerned, it's easier to get tenants and buyers for a 2 BHK when compared with a 3 BHK apartment. However, that doesn't mean that getting a buyer or tenant for a 3 BHK is impossible - it's just that it might take a little more time, that's all!DesignFor those who prefer minimalist lifestyles where space isn't a major requirement, then 2 BHKs are ideal. But for those with greater space requirements such as those working from home, then a 3 BHK makes a better choice as it offers greater space and privacy for a peaceful home office.Home MaintenanceHome maintenance is an important part of daily life and when it comes to keeping up with the cleaning chores, a smaller 2 BHK apartment is definitely more appealing. For those looking for homes that are low on maintenance, then 2 BHKs are the answer. By comparison, 3 BHK apartments are larger and require greater effort to keep them clean and orderly. The best option is to just hire a maid and buy the 3 BHK instead!InflationIf the inflation rate is high, the construction rate, interest rates, etc. also become high. Inflation has a direct impact on real estate agents and their properties. As we know that there can be even more increases in property rates and prices. Thus, it is very important to make the decision in a shorter span of time. If the inflation rate is quite normal then you should go for 3 BHK and if the inflation rate is high then you should choose 2 BHK flat.Loan AmountLoan or mortgage amount also affects the choice of the size of your house. If the permitted loan amount is more with the affordable interest rate, then you should always choose the 3 BHK flat and if the loan amount is less and the interest is comparatively more than 3 BHK will not be considered the right option. It won't be affordable for you and will be out of the budget. In this case, a 2 BHK flat is the best & affordable option.Also Read: What are the Common Mistakes to Avoid While Investing in Real Estate ?PropertyBefore finalizing anything be sure about the property you want to make your dream house at. If your desire is to buy a 3 BHK flat and your budget permits you to do so then you should always buy the one! But if not then you can even get good property ranges in the 2 BHK flats. Varma Homes provides a great life experience regardless of the specification you go for.Varma Homes, the most trusted and reliable builder in Kochi, celebrate with you all your enjoyable moments in life with your family. Potential homebuyers are currently welcome to visit and feel sample apartments ready at Varma Homes. Visit the show home to have a peek at your fun-filled dream home.
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X'MAS - Best Festive Season for Buying New Homes
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Why is it important to choose an ideal location to buy your home?
Unlocking the Perfect Home Location: Essentials, Growth, and Lifestyle ChoicesResidence, food and clothes are always the basic things for human beings. And getting the perfect residence that adapts to our interests is not that easy. Picking the right place for your home is super important, whether you're in Kerala or anywhere else. It matters a lot because it affects how happy you'll be living there, how much your home is worth, and how easy life will be. First, it's about being close to important requirements like schools, hospitals, stores, and transportation. If your residence is near your work location, that's a big plus too. Being in a safe area and having good schools, supermarkets, and hospitals nearby are extra important if you have a family. Plus, the right location can make your home worth more over time. So, you can think of it as a good investment that grows. You can find many apartments in Kochi with easy access to basic needs. In this article, we'll explain why it's so important to choose the perfect spot for your home in Kerala, whether you're building it or buying it.Location EssentialsLocation plays a crucial role in determining the value of real estate, making it a top priority for builders in Kerala. Here's why it matters:Real Estate Value: The location of a property is a significant factor in determining its value. A well-chosen location can lead to higher property appreciation over time, making it a smart investment for both builders and buyers.Proximity to Key Amenities: Being close to essential amenities like schools, hospitals, and shopping centres is essential for a comfortable life. Families with children benefit from good schools nearby, while easy access to healthcare facilities ensures peace of mind. Convenient shopping centres save time and effort.Impact on Daily Life: The quality of the neighbourhood directly affects daily life and well-being. Safe and friendly neighbourhoods foster a sense of security and community. A well-planned location can reduce commute times, allowing residents to spend more time with loved ones and on leisure activities.Home Location EssentialsFor builders in Kerala and those eyeing apartments in Thrissur, understanding the development potential of an area is paramount. It not only affects the current living conditions but also significantly influences property appreciation over time. Here are some key insights on how to identify areas with growth prospects and the correlation between future developments and property value.Identifying Areas with Growth Prospects:Infrastructure Development: Keep an eye on areas that are slated for infrastructure development such as new roads, bridges, or public transportation projects. These developments can improve connectivity and accessibility, making an area more attractive for both residents and businesses.Economic Growth: Research areas that are experiencing economic growth. Thriving local economies often lead to increased demand for housing. Look for regions with a growing job market, new businesses, and a diverse range of industries.Urbanization Trends: Urban areas tend to have better growth prospects. Consider locations that are witnessing urbanization trends like the expansion of city limits, increased commercial activity, and improved civic services.Correlation between Future Developments and Property Appreciation:The relationship between future developments and property appreciation is a symbiotic one. As an area develops, property values tend to rise. Here's how it works:Increased Demand: New infrastructure and economic opportunities attract more people to the area. This surge in population creates a higher demand for housing, which can drive property prices up.Improved Amenities: New developments often come with improved amenities and services like parks, shopping centres, and schools. These enhancements enhance the overall quality of life and can positively impact property values.Investor Interest: Areas with growth potential also attract real estate investors looking to capitalize on future appreciation. Their investments can drive up property prices as well.Research and Staying Updated:To stay ahead in identifying areas with development potential, consider these tips:Local News and Government Sources: Local newspapers, government websites, and city planning departments are excellent sources of information on upcoming projects and developments.Real Estate Reports: Consult real estate reports and market analyses specific to Thrissur. These reports often highlight areas with growth potential.Networking: Connect with local real estate agents, builders, and developers who have insider knowledge about upcoming projects and trends in the area.Infrastructure and Commute: Enhancing Quality of LifeInfrastructure is a cornerstone of modern living, significantly impacting the quality of life for individuals and communities alike. For both builders in Kerala and prospective homeowners, it's essential to recognize the profound influence of infrastructure on daily life.Role of Infrastructure in Quality of Life:Infrastructure encompasses a wide range of components, including roads, bridges, utilities, and public facilities. These elements collectively shape the living experience. Well-maintained infrastructure contributes to:Convenience: Good infrastructure ensures easy access to essential services such as healthcare, education, and markets, reducing the time and effort required for daily chores.Safety: Adequate infrastructure enhances safety, be it through well-lit streets, reliable emergency services, or robust disaster management systems.Economic Opportunities: Efficient infrastructure fosters economic growth by facilitating the movement of goods and people. It attracts businesses and encourages entrepreneurship, thereby boosting employment prospects.Importance of Easy Commutation and Public Transportation:Commute plays a vital role in everyone's life. Here's why it matters:Time-Saving: Efficient commutation options save time, reducing stress and improving overall well-being. Shorter commutes mean more time with family or for personal pursuits.Environmental Impact: Good public transportation reduces the number of vehicles on the road, lowering pollution and traffic congestion. This has a positive impact on the environment and public health.Affordability: Public transportation is often more cost-effective than maintaining a personal vehicle, making it an attractive option for many.Evaluating Infrastructure:For builders and homebuyers, assessing the state of infrastructure is crucial. Factors to consider include:Road Conditions: Evaluate the quality and maintenance of roads, as well as their connectivity to essential destinations.Bridge and Transport Links: Assess the condition of bridges and transportation links, which can affect accessibility and safety.Public Facilities: Check the availability and condition of public facilities such as schools, hospitals, and recreational spaces.Lifestyle & Safety: Essentials for HomebuyersFor modern homebuyers, lifestyle considerations extend beyond the physical structure of a home. Understanding these needs is vital, as is ensuring safety in residential areas, particularly for families.Lifestyle Needs:Modern homebuyers seek more than just a roof over their heads. They look for:Community Amenities: Access to parks, gyms, and recreational facilities that enhance their quality of life.Proximity to Work and Schools: Convenience in commuting to work and ensuring their children have access to quality education.Cultural and Social Opportunities: Proximity to cultural and social hubs, restaurants, and entertainment options.Significance of Safety:Safety is paramount, especially for families. A safe neighbourhood provides:Peace of Mind: Knowing that your loved ones are secure promotes peace of mind and well-being.Protection for Children: Safe areas are crucial for children to play and grow without fear.Property Value: Safe neighbourhoods often have stable property values and attract responsible residents.Assessing Safety Measures:To assess safety in a locality:Crime Rates: Research local crime rates and trends.Police Presence: Observe the presence of law enforcement in the area.Community Feedback: Seek opinions from current residents about the safety and reputation of the locality.Prioritizing lifestyle needs and ensuring safety measures align with your expectations is essential when making a home purchase, whether you're a homebuyer or builder in Kerala. It creates a harmonious living environment that enhances well-being and satisfaction.Making Informed Choices: A Holistic Approach to Choosing a Home LocationWhen it comes to selecting a home location, whether as a homebuyer or builder in Kerala, making informed choices is paramount. Here's why research and due diligence are crucial, along with tools and resources to assist in this process:Importance of Research and Due Diligence:Financial Investment: Buying ready-to-occupy flats in Trivandrum or building a home is a significant financial commitment. Thorough research helps ensure that your investment aligns with your expectations and financial capabilities.Quality of Life: Your home's location directly impacts your daily life, from commute times to access to amenities and safety. Adequate research ensures a better quality of life.Tools and Resources:Online Platforms: Real estate websites, property listings, and forums provide a wealth of information on available properties, prices, and localities.Real Estate Agents: Experienced agents have local knowledge and can guide you through the process.Local News and Reports: Keep abreast of local news, market reports, and government announcements that may affect your chosen location.ConclusionIn our exploration of home location essentials for builders in Kerala and homebuyers alike, we've underscored several key points. We've highlighted the significance of choosing the right location, which profoundly impacts the value of real estate and our daily lives. Proximity to essential amenities, infrastructure quality, lifestyle needs, and safety are all vital considerations. Above all, we've emphasized the importance of research and due diligence in making informed choices. In today's dynamic real estate landscape, access to tools, resources, and expert guidance empowers individuals to navigate the complexities of selecting an ideal home location. As we conclude, we encourage readers to prioritize location when contemplating a home purchase. Whether you seek comfort, convenience, or long-term investment potential, choosing the right location is the cornerstone of a fulfilling and prosperous homeownership journey in Kerala.
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Why Real Estate Investment in Kochi is the Best Option
The populaces from outskirts are getting well employed and shifting to metropolis due to faster infrastructural development and greater career opportunities. With higher availability of jobs and better educational possibilities, the greater Cochin is immensely growing at an incredible pace due to huge investments of IT sectors in its locations. In case of Trivandrum and Thrissur, they are also the larger IT hubs creating enormous career opportunities. The basic reason for this growth is the heavy inflow of NRI funds from people settled abroad. The IT sector is booming at a lightning speed and thereby generating many more job opportunities in these cities. In case of Kochi and Trivandrum, with such a massive growth happening since a couple of decades and with many more job openings; most families have one or more persons as bread-winners. And their surplus income is used to invest into flats in Kochi and Trivandrum. If you are making a wise decision to buy a property in one of the prime locations from the best builders in Cochin then you are almost guaranteed with the asset value appreciation in the future. You can either live in your own flat or you can enjoy the lease/rental income accrued out of it. And with the rent and lease options, you are also assured with a very high rate of monthly returns from the higher income groups who are in search of such properties available on rental or leasing basis. Varma Maalika and Varma Regent from Varma Homes are the ready to move flats in Cochin conveniently positioned in the most happening residential locations of Kochi city. Varma Dr. Pai's Heritage the super luxury apartment project of Varma Homes is the ongoing Flats in Trivandrum located at the heart of the city. Varma Spectrum, the upcoming Apartments in Thrissur is one of the prestigious projects of Varma Homes. If you are someone looking for real estate investment in the major residential locations of Kerala, then do consider Varma Homes, the reputed builders in Kochi.
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