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, we’ve 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.
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.
Read MoreFor building living spaces - location matters, convenience matters and finally, the creator matters. The conglomeration of all this, is the result of something beautiful and breathtaking. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Tripunithura is the part of Kochi metropolitan area. It was the capital of the former Kingdom of Cochin. The 'Raja Nagari' - the royal city is one of the most prominent centers of traditional Kerala cultural heritage. When you live anywhere in Tripunithura, specifically at S.N. Junction, you are proximate to almost everything a royal lifestyle demands. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more, making living in the land of temples, dynasty and rich in history, a truly royal experience. True love and real happiness make your life get marked the same as your comfort zone. Once you find them, they leave an indelible mark in your life. You have found Maalika; you have found the true meaning of love and happiness. We dedicate ample time and effort to transcend our client's ideas to blend with our constructive creativity and thereby a dream home goes 'real'. Our 2 & 3 BHK luxury homes ranging between areas of 890 sq.ft to 1310 sq.ft fits the urban space amenities perfectly. At Maalika, a magical spell appeals your inside. The insides are crafted with unmatched blend of artistry, spatial elegance and design. Call it a perfect place to portray your inside stories in the finest canvas you have ever seen. We collaborated with talented architects and design houses to bring you the very best you can get. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. Show Your Interest Now !
Read MoreLocationWhile looking for an apartment, one of the most crucial elements to consider is location. The location of your apartment may have a significant influence on your quality of life, convenience, and access to facilities and services. If you're looking at flats for sale in Kochi or apartments in Trivandrum, consider aspects such as proximity to your workplace or school, access to public transit, and the availability of shopping, dining, and entertainment opportunities. It's also essential to think about your lifestyle and what you like to do in your spare time. If you prefer outdoor activities, for example, you may wish to pick a place near parks or recreational facilities. If you want a more urban lifestyle, you can consider living in the middle of a bustling city center. Finally, the location of your apartment will have an influence on your daily life and overall contentment with your living environment, so examine it carefully before making your selection.Size and LayoutThe size and layout of the apartment should cater to your needs. If you're exploring options with top builders in Kerala, ensure that the space is adequate for your family size. The apartment's size should be appropriate for your needs, and the layout should be useful and handy for your lifestyle. While deciding on the size of a flat, consider how many people will be living there and whether the space is adequate for your needs. Look into the number of bedrooms and bathrooms, the quantity of living space, and the storage space available. The apartment's layout is also significant since it impacts the flow and usefulness of the area. Search for a flat with a plan that is appropriate for your lifestyle and demands. If you like to entertain, you might prefer a more open floor plan with easy movement between the kitchen, living room, and dining area. The arrangement of the flat can also affect privacy and noise levels. Evaluate if the bedrooms are in a peaceful region of the apartment and whether the living space is isolated from the bedrooms to reduce noise disruptions.Conditions of the ApartmentThe apartment's condition is paramount. When viewing flats in Thrissur or apartments in Trivandrum, look for signs of wear and tear. Ensure that the plumbing, electrical, and HVAC systems are operational. Address any concerns with the landlord or property management before finalizing. Because the state of the flat might affect your safety, comfort, and quality of life, it's important to properly evaluate it before making a selection. Look for indicators of damage or wear and tear, such as cracks in the walls or ceiling, water stains, or damaged flooring, when viewing the flat. Check the plumbing, electrical, and heating/cooling systems to ensure they are in working condition. Look for evidence of vermin, mold, or other health risks. If there are any problems with the flat, talk to the landlord or property management about them and ask whether they will be fixed before you move in. Consider the general cleanliness and care of the building and common facilities, such as hallways and elevators, in addition to the physical condition of the unit. This can provide an indication of how effectively the building is kept and how attentive management is to tenant issuesBuilding Maintenance and ManagementWhile looking for a flat, building upkeep and management are key elements to consider. The standard of maintenance and administration can have a significant influence on your flat living experience. Building maintenance ensures that the structure is kept in excellent shape, which may assist prevent safety issues while also increasing your comfort and convenience. Good maintenance, for example, ensures that elevators are in good working condition, plumbing is running correctly, and common spaces are clean and well-lit. A well-managed building guarantees that tenants are treated fairly and that any problems or issues are addressed in a timely and professional way. This may have a significant influence on your quality of life in the building by affecting your interactions with other tenants, access to building amenities, and the degree of help you receive if you have any difficulties or concerns. While looking for a flat, look at the building management firm or landlord's reputation and track record. Browse reviews or ask existing tenants about their building management and maintenance experiences. Homeowners Association (HOA) FeesThe Homeowners Association (HOA) is an important component to consider while shopping for an apartment or co-op property. HOAs are often in charge of maintaining the building's common facilities, such as the lobby, corridors, and elevators, as well as any shared amenities, such as a pool or fitness center. They may also be in charge of implementing building rules and regulations, such as noise limits and pet laws. While choosing an HOA-managed flat, it is critical to study the HOA's financial accounts and budget to ensure that the organization is financially healthy and can afford to maintain the building and facilities. You should also research the HOA's rules and regulations to verify that they are compatible with your lifestyle. Attending an HOA meeting or speaking with current homeowners can provide insight into the amount of interest and communication within the organization. A well-managed HOA may enhance your living experience by ensuring that the building is well-maintained and that members appreciate one another. SecurityA secure apartment may provide you peace of mind and make you feel protected in your own home. Consider apartments with safe entrances, such as a secured lobby or intercom system, as well as whether the building has security cameras or a security guard. You should also think about the neighborhood's crime rating, closeness to public transit, and availability of on-site parking. You may also look up crime statistics for the region to get a feel of how safe the neighborhood is.Resale ValueWhen determining resale value, it is critical to examine current market trends and estimates for the region. Investigate the local real estate market to discover whether there is an upward trend in property values. Take into account any prospective developments or changes in the community that may have an impact on property values. Consider the apartment's condition and characteristics, which might affect its resale value. A well-maintained apartment with contemporary facilities and in a desired location, for example, may have a greater resale value than an older, outdated flat in a less desirable area. While resale value is a significant element, it should not be the only factor to consider when selecting a flat. You should also prioritise factors that will impact your quality of life in the flat, such as location, size, layout, building amenities, and security. Varma Homes can provide you with the greatest services and assistance for all of your future ventures.
Read MoreAre you ready to elevate your living standards to a whole new level? Thrissur, the cultural capital of Kerala, is not just about its rich heritage and vibrant festivals. It is also emerging as a hub for luxury living, offering you a chance to experience opulence like never before. In this blog, we will delve into the world of luxury flats in Thrissur, where you can enjoy a serene atmosphere, cutting-edge interiors, and a host of extravagant amenities that redefine the way you live.Thrissur: The Emerging Hub for Luxury FlatsThrissur is experiencing a remarkable transformation in its real estate landscape. Known for its cultural and historical significance, this city is now making waves in the luxury real estate sector. As a potential homebuyer or investor, you may wonder why Thrissur is gaining such prominence. The answer lies in its strategic location and promising growth prospects. With its proximity to major city centers and excellent connectivity, Thrissur is becoming the next ideal destination for luxury living.Varma Homes: Your Gateway to Luxury LivingWhen it comes to luxury flats in Thrissur, Varma Homes stands out as a name you can trust. Varma Homes, a renowned builder with a strong legacy, has expanded its presence to Thrissur, bringing with it a commitment to customer happiness and quality living. With a track record of completing projects ahead of schedule, Varma Homes has earned a reputation for trust, quality, and value for money.Affordable Luxury Flats in ThrissurLuxury living doesn't have to come at an exorbitant price. Varma Homes has redefined affordability in the realm of luxury flats. Their projects in Thrissur offer the perfect blend of extravagance and cost-effectiveness. Here, you can own a luxurious apartment without breaking the bank, making your dream of upscale living a reality.Varma Homes is your gateway to experiencing the perfect harmony of peace and city life in Thrissur. Our exclusive projects have been meticulously designed to offer 100% luxury and privacy, ensuring that you have the ultimate living experience. Unlike shared-wall apartments, our properties provide you with the solitude you desire.What's more, all the conveniences of daily living are easily accessible without stretching your budget. With close proximity to railway stations, bus terminals, and city centers, our projects in Thrissur ensure that you're well-connected to the pulse of the city.Thrissur: The Next Real Estate HotspotThrissur's real estate market is on the cusp of greatness. The city's rapid development is extending to its outskirts, making it an attractive investment destination. The potential for growth and the promise of high returns make Thrissur a hotspot for real estate enthusiasts. By considering Thrissur for your next property investment, you might be tapping into the future of luxury living.ConclusionIn conclusion, luxury living is no longer confined to metropolitan cities. Thrissur, with its cultural heritage and modern advancements, is now a contender in the world of luxury flats. Varma Homes, with its commitment to quality and affordability, is your ticket to a lavish lifestyle in Thrissur. As this city emerges as the next real estate hotspot, seize the opportunity to invest in luxury flats that offer the perfect blend of tradition and modernity.
Read MoreOwing 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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