The terms "new-launch" and "pre-launch" in the real estate industry refer to the start of a residential project's pre-construction phase. A housing project's pre-launch stage starts when the builder makes an announcement about their new project & begins selling them. This is the best time to purchase a home since it provides a strong return on investment. The main benefit of choosing a newly launched property is its cost-effectiveness. As you know the pre-launch rate of each residential apartment is generally low-priced to attract more buyers, read on to find other major benefits of new launch projects so that you can make a sensible investment decision.
To entice homebuyers & investors, most of the builders provide enticing discounts on pre-launched or newly-launched properties during the early phase of the project. The prices of new launch apartment projects are substantially lower when compared to projects that are under ongoing construction or ready-to-occupy projects. So, homebuyers can grab the opportunity to book a home for the lowest possible price. The buyer is also fully secure when purchasing new launch projects from reputed builders following the implementation of RERA. Thus, if you're seeking for a low-cost apartment, a new-launch project is the way to go.
Pre-launch property rates are fair & significantly cheaper than post-launch rates, which is one of the key advantages of investing in one. After the pre-launch period, the price increases due to a variety of variables, such as rising property demand, new development of infrastructure in the region, rising raw material costs, labor costs, revised legislation, and so on. Hence, it makes sense to block the project before the prices rise.
When it comes to picking a dream property, most purchasers consider garden-facing, sun-facing, easy accessibility (like near the lift or the lobby), & the view from the balcony, and so on. Buyers may get more chances to select the best home in its new launch project at a reasonable cost without sacrificing requirements. They might also request structural changes or specific interior finishes from the builder during its pre-launch period. So, early customizations or design changes in this phase do not need rebuilding, saving both the customer & the developer money & also allowing them to stay on budget. Therefore, one will get a good chance of getting their house customized exactly the way they want it if they choose a pre-launch project.
Purchasing a pre-launch property provides you with the unrivalled benefit of being able to book the home before the rates skyrocket. Investors are hurrying to get their hands on properties as the pace of urbanization picks up. As a result, investing in property during its 'new launch' phase secures your investment before the price rises, giving you an unfair edge. Buying a new launch property is thus a smart investment, not because you'll get a good deal on low prices. However, after the neighborhood has developed, you'll be able to resell the property for a higher price. Thus, buying a property during the launch phase might benefit homeowners in terms of both end-use and resale objectives.
So, these are the few advantages of property investing when it is in the early stages of construction. If you're a buyer or an investor looking to make a real estate investment, it's best to go with a new launch property due to the slew of above-mentioned benefits. However, you need to have a look into certain key aspects before buying one. They are:
∑ Invest only in a property from a RERA-registered project.
∑ Make sure you get a top-notch apartment from a reputable real estate firm. This will keep you from having to deal with any unneeded legal or financial concerns.
∑ Consider the project's location, as real estate prices in locations where infrastructure construction is underway are likely to soar. This means that the investors will gain more money when they sell the property in a few years.
∑ Before you pay the money, look over the legal documentation & the RERA registration number that the government has previously ordered.
Now that you're aware of the top perks of having a newly launched house, you may begin strolling through the broad range of residential projects offered by Varma Homes. We're a renowned real estate builder in Kerala that offers affordable housing projects as well as luxury apartments in various prime locations in Kerala, such as Kochi, Trupunithura, Thrissur, Trivandrum, & Kozhikode. With our years of expertise in the industry, weíve become the most preferred brand for quality, reliability, & innovative apartment choices that deliver on time without compromising quality. Contact us to learn more about our options & to locate your dream house.
When it comes to buying a property, people often face the dilemma of whether to buy a house or an apartment. While buying a house has its own benefits, owning a flat in Thrissur can be more advantageous in many ways. In this blog, we'll explore why owning a flat in Thrissur is more beneficial than buying a house.Cost-effectiveFlats in Thrissur are generally more cost-effective than buying a house. The cost of purchasing an apartment is much lower than buying a house. Additionally, apartments require less maintenance, which can save you a significant amount of money in the long run.AmenitiesMost flats in Thrissur come with a range of amenities, such as a swimming pool, gym, and play area. These amenities are generally not available when you purchase a house. Owning a flat with such amenities can provide you with a comfortable lifestyle without having to leave your property.SecurityApartments offer a higher level of security than houses. Most apartment complexes have round-the-clock security guards, CCTV cameras, and access control systems to ensure the safety of the residents. This is especially important if you're living alone or have children.MaintenanceMaintenance is a significant advantage of owning a flat in Thrissur. The apartment complex's management team takes care of all the maintenance and repair work, including painting, cleaning, and landscaping. This means that you don't have to worry about spending money and time on maintaining your property.LocationFlats in Thrissur are generally located in prime areas, providing easy access to schools, hospitals, shopping centers, and entertainment facilities. This can be a significant advantage for people who don't want to spend a lot of time commuting. The fact that Thrissur is week connected via roads make it's a more desirable location to buy a flat Rental IncomeOwning a flat in Thrissur can provide you with a rental income. You can rent out your property to tenants and generate a steady source of income. This can be a significant advantage for people who want to earn passive income.Community LivingApartments provide an opportunity for community living, where residents can interact with each other and build relationships. This can be especially important for people who are new to the area or want to expand their social circle. Similarly, apartments in Kochi also provide a community living environment , fostering connections and a sense of belonging among residents.Along with this the city of Thrissur is also known for its cultural heritage and diversity, for anyone who wishes to be in the heart of city and cultural life buying or purchasing a flat in Thrissur is a much added bonus In conclusion, owning a flat in Thrissur can be more beneficial than buying a house. Apartments are cost-effective, offer a range of amenities, provide a higher level of security, require less maintenance, and are located in prime areas. Additionally, flats provide an opportunity for community living and can generate rental income. If you're considering buying a property in Thrissur, owning a flat can be a great option.Varma Homes, one of the premier builders in Kerala , believes that true happiness stems from quality construction that stands the test of time, becoming a lifelong investment. Our years of expertise in the industry have underscored the importance of meticulous planning, continuous training of laborers and staff, and strict adherence to safety procedures to ensure timely and efficient delivery. As a testament to our commitment, we offer Ready To Occupy Flats In Thiruvananthapuram, combining quality with convenience for our esteemed clients.Read More
The demand for purchasing apartments among Indian millennials has improved compared with pre-pandemic stages. Millennials are those referring to the generation born between 1980 & 2000 are fast entering their prime spending years. Growing up in an age of quick change, they have a set of priorities & expectations that are completely different from those of the older generations. That is, they don't want cars & houses but just need fun & convenience. But now they start seriously thinking about owning a home with the best facilities around. So, it has been countersigned that even the current populace is getting ahead putting their hard-earned investment into a home since the lifestyle patterns are relied upon to change significantly after the pandemic stage ends.† This rising demand is in part being driven by millennials expecting reduced mobility in the forthcoming as work from home culture takes hold, along with an increasing sentiment swing towards savings and asset making post-pandemic. So definitely, the pandemic has made them realise the significance of owning a home instead of leasing one. Owning a home has consistently been a crucial portion of the investment plan, and under new typical rules, purchasers are seeing a value proposition for investing in the realty market. Read on to find out reasons that pulled millennials to invest in real estate. Opted for Owning Rather Than Lease for Getting A Lifetime of Comfort When you spend for a property you donít own & you donít create equity. Eventually, your money is raising your landlordís assets and future, not your own. Owning a home is a clever way to build lifelong wealth. Although purchasing a house can be costly initially, if you factor in the expenses connected with renting, owning your own home will truly end up cheaper in the long run.†† As well, now the outbreak of Covid-19 has insisted on the value of a safe & the reliable home that creates a lifetime of comfort. Usually, the 25-40 age group, who did not give much preference to purchasing a home because it provided them with the flexibleness to shift jobs and hop cities, is now more than ever serious of having a physical asset. The reason more millennials are interested in investing in property for self-use is that it is now much more affordable to purchase a house and deals are accessible in the market. Historic Home Loan Rates Now the home loan charges are at historic lows, the calibrated resume to the economy of India sees a flood of enquiries from the potential homegrown as well as NRI home buyers. Taxation profits on repayment of home loans add to the dealings being too good to resist. Falling interest rates attract less interest earned on bank fixed deposits in comparison to the rental profits earned in real estate investment and besides enjoy the profits of capital appreciation. Returning NRIís Real estate will be assured for both end-users and investors in the post-pandemic world. Millennials living in rental houses have understood the worth of being in their own apartments while NRIs encountering challenging times in their present domiciles are staring at constructing a house when they return in India. The size of the NRI investor market is now large in the affordable and mid-segment housing section. The falling rate of the rupee & the present situation increases NRIs interest in buying residential property in their hometown. Work from Home Impact Recently there witnessed a substantial rush in the number of young people looking to purchase a home for end-use during the pandemic as mortgage rates are low & work-from-home is a new reality. The necessity for additional or extra space for home offices is on the rise, with the necessity for more well-planned designs. The importance of business centres, common amenities, and more open spaces will be an integral part of the new demand criteria in the post-COVID-19 world. Summing-up, Due to this pandemic real estate is witnessing a tremendous change in consumer behaviour. Owning a house is now seen as a priority in the context of safe & secure investment. This will steer intensified demand for homes, as the economy sees a calibrated resume. If you are looking for a right builder to start your investment, then here is your right choice, Varma Homes, the best builder in Kerala. We have our best top-notch quality apartments in major cities of God's own country like Kochi, Trivandrum & Thrissur. Check out our unparalleled apartments, we are certain that you will be mesmerized. Invest your dream home with us, once you invest, you will have a long-term asset that will have value at any time. Take a browse through our website for more information on our ongoing apartment projects. †Read More
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.Read More
Kerala, 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.Read More
The Queen of the Arabian Sea, Kochi is one of the developing metropolitan city in the Gods own country. It is one of the major port city and the commercial capital of Kerala which attracts the huge number of peoples from various nook and corner of India due to its recent development in job sectors. This city holds its own breath-taking scenic views which dive many individuals to settle down in this emerging city. Real estate industry is booming every year and it has stemmed in copious openings for investments around many urban cities like Kochi. This queen of Arabian Sea acts as the gateway of Kerala in the field of residential and commercial properties. This transformed the city as the most preferred location for the real estate builders and professionals who are looking for to settle down by purchasing apartments and villas in the heart of the Kochi. If you are searching for premium apartments with a range of amenities? Now the rapidly changing lifestyle of individuals has led to the vast demand for apartments in Kochi. The demand & craving of investors to capitalise in quality styled apartments inspires builders to present their residential projects with modern and unique styling, along with contemporary skins. Well, Varma Homes, one of the top real estate builders in Kerala are set to offer premium regime apartments in Kochi within the reasonable price. We offer an extensive range of luxury and budget residential quality projects counting with apartments and flats across all over Kerala. †Our current projects extend into major cities of Kochi, Thrissur and Trivandrum.† We implement our projects with the complete perfection and quality to align with the international standards and we assure you that we did not let you any chance of complaints about our construction process.† In Kochi, our major ready to occupy projects like Varma Regent and Varma Maalika - I in the areas of Edapally and Thripunithura are the milestones in our residential projects.† The apartments in these locations are built with high tech amenities along with the promise of serene surrounding and secure environment to our clients. We get a positive response and feedback from our residents in these apartments, they are well satisfied with our amenities. Since our major mission is to construct happiness, we are on the path towards ground-breaking delicate lifestyle with our new apartment projects in Kochi. Our major ongoing projects in Kochi are Varma Padipura and Varma Kottaram which offers top class luxury apartments to the customers that are definitely going to creates history in this field. Moreover, our properties are designed with multiple units like 2 BHK / 3 BHK Apartments which set a treasured investment choice for the buyers. We are now undergoing the construction process of Varma Maalika Phase II and we are damn sure that we will catch the hearts of our customers through its top-class facilities. We assure that you can find the real happiness in our apartments that make your life satisfies and comfort. Our gifted architects are dedicated to creating your insides and outsides spectacular. Our major offers to the customers in the Trivandrum and Kochi are they can own their apartments quickly and there avail PMAY Subsidy which let them save up to 2.67 Lakhs. All these features pull residents from other cities in Kerala like to have a second home in this hurried and fast-growing town of Kochi. Thus, the demand for premium lifestyle apartments has flourished due to the development of ever increasing lifestyle values, fast developing urbanization, increased living condition of people and of course huge advancement in the corporate sectors. So, Varma Homes is the best option to get affordable premium apartments in Kochi. Peaceful Living in the Fully Furnished Varma Homes Apartments. Happiness Begins Here!!! An apartment shall not be just be viewed as a home to live. When you expend money on purchasing an apartment that you love, it is significant to check whether there all essential amenities presented in the apartment. It must comprise all the amenities that are required fundamentally and the amenities that make your life at the apartment more relaxed and comfortable. Today, customers are not gratified with an apartment that simply has noble looking rooms or living spaces. They usually seek their dream apartment that must provide superior apartment amenities for their desires and cosiness. Though living in a big city like Kochi, it is highly important to have the appropriate facilities in the apartment.† Varma Homes is one of the leading builders in Kochi, provides excellent amenities for their apartments. Letís take a look at the apartment amenities that are provided by Varma Homes to make your living space truly yours. Children's Play Area Rooftop Swimming Pool Solar Energy Utilization Fully Automatic Lifts of 8 & 13 Intercom Facility Fire Fighting System Rooftop Party Area & Terrace garden Fitness/Clubhouse centre Recreation Space Caretakerís Room Provision for 24 hrs. Power & Water Supply Facility Water Filter, Sewage Treatment Plant Surveillance Camera † At Varma Homes, we focussed on to, not end the relationship between clients by just selling homes, instead, we warmly welcome our customers to our big family, since our beliefs are to provide an endless commitment to customer satisfaction. We are always enthusiastic about providing high-quality homes on time with true love for constructing happiness. We believe in making experiences that should be worth for your money!!!Read More