The real estate market in Kerala has undergone significant changes over the last decade. As the economy has grown and the population has increased, the demand for luxury real estate has also risen. The changing landscape of luxury real estate in Kerala presents both opportunities and challenges for developers and buyers.
1. Growing Demand: As Kerala's economy has grown, so has the demand for luxury real estate. The state has a large number of affluent individuals and NRIs who are looking for premium properties. Luxury homes offer modern amenities, high-end finishes, and a comfortable lifestyle, which are increasingly being sought after.
2. Rising Income: With the increase in disposable income of individuals, there has been a growing demand for luxury homes in Kerala. Many professionals who have returned to Kerala after working abroad or in other states are looking for premium homes that match their lifestyle.
3. Tourism: Kerala has become a popular tourist destination, and the demand for luxury vacation homes has risen significantly. Many investors are buying properties in prime locations to convert them into vacation homes or homestays.
4. Attractive Investment: Luxury real estate in Kerala is a lucrative investment opportunity. Properties in prime locations, with unique features and amenities, tend to appreciate quickly and offer high rental yields.
1. High Prices: Luxury homes in Kerala are priced higher than other types of properties. This makes it a challenge for many buyers to make it financially viable, and developers must ensure that the amenities and features offered justify the higher costs.
2. Lack of Infrastructure: Many luxury properties in Kerala are located in areas that lack basic infrastructure facilities such as proper roads, electricity, and water supply. This poses a challenge for developers to provide these amenities and create a comfortable living environment.
3. Regulatory Challenges: Real estate development in Kerala is subject to strict regulations and government approvals. Obtaining permits for construction and project completion can be a lengthy and complex process, adding to the cost of the project.
4. Competition: The luxury real estate market in Kerala is highly competitive, with many developers vying for the attention of affluent buyers. Developers must ensure that their properties offer unique features and amenities that set them apart from others in the market.
The changing landscape of luxury real estate in Kerala offers both opportunities and challenges for developers and buyers. While the growing demand for luxury homes presents a lucrative investment opportunity, developers must ensure that their properties offer unique features and amenities that justify the high cost. Buyers, on the other hand, must carefully consider the location, infrastructure, and regulatory requirements before investing in luxury real estate in Kerala. With careful planning and attention to detail, developers and buyers can navigate the changing landscape of luxury real estate in Kerala and benefit from this growing market.
Have you dreamt of an apartment located on the outskirts of the city and gives you access to sound educational institutions and other significant landmarks in the area? Then Varma Homes, compact apartment Bougain Heights in Chottanikara offers you the same locality benefits and ensures all the superior amenities in terms of both quality and coziness. Varma Homes, the trustable builder has always endeavored to deliver apartments with something very special and unique designs. All our projects aim to bring you an unparalleled grand staying experience with our luxurious amenities and offerings. So, If you are planning to buy an apartment tucked away from the busyness of the city and positioned in the most tranquil living environ of Chottanikara then there awaits you Bougain Heights! It is a 2 BHK & 3 BHK compact apartment with all the modern amenities including Health club, Fully Automatic Lifts - 2nos., Children's Play Area, Intercom Facility, Terrace Garden, Landscaped Yard, Rooftop Party Area, Recreation Space, Association Mini Hall, Rain Water Harvesting and breath-taking surroundings with spectacular scenic view of nature. So let’s check out the top 5 reasons that make Bougain Heights as the smart choice for home buyers. 1. Nature on Your Doorstep People dream of owning an apartment amidst lush greens with incredible views all around. Being surrounded by nature’s landscapes is not only enjoyable but also can decrease stress and increase positive well-being. Bougain Heights is located in a peaceful atmosphere provides you with all the charm, gentle and serene life close to nature coupled with the comforts and cosines of modern living. 2. Excellent Accessibility Bougain Heights opens up an extensive possibility for living a peaceful, comfortable and convenient life. Here getting around is never a hassle. While it offers you, the privacy of a quiet home tucked away in a cozy place in Chottanikara but connecting you both to the city and the quickly developing suburbs. It has a balanced in connectivity to industrial areas and the city, alike. It offers easy access to all major transportation hubs like railway station, metro rail, airport, bus stand, etc. The proximity to schools, colleges, supermarkets, and above everything else, and the strong tranquillity will surely be the prime boon of living in this serene apartment. 3. Residential Township Bougain Heights is the ideal for those looking apartments in Kochi away from the hustle and bustle of the city. Spread across 10.60 acres, with 3 apartment towers and bungalows, guaranteeing that you are always in a space of complete happiness. It is a 2 BHK & 3 BHK luxurious apartment project set among the green meadows with lush woodlands. It is uniquely crafted apartments with sophistication, superiority and has a lot to offer as a residential zone. 4. Earnest Promise & Timely Delivery Varma Homes provides quality apartments with superlative designs to the discerning home seekers. We believe in going beyond the concepts of normal construction and offer excellent features, specifications, and amenities with long-term quality that come together to create a premium luxury apartment. With a constant reputation in ethical practices and timely delivery, we offer apartments in the most premium locations in Kerala like Trivandrum, Thrissur, and Kochi. 5. Investment Galore –A Lifetime Investment Bougain Heights is simply a budget-friendly compact home with comfortable living, serene nature and an investment worth a lifetime. When you buy this apartment, it is quite affordable and has big returns. So you can expect good returns in the future because of its close vicinity to what noble lifestyle demands. So investing in Bougain Heights is the guaranteed future returns. Now there avail special offer for Bougain Heights, you can start purchasing with a starting price of just 36 lakhs only, the offer is limited (31/12/2019). So hurry up, invest your interests with us, and get a lifelong investment!
Read MorePurchasing a house is a major responsibility & it will be the greatest buy you make in your lifetime. Purchasing the correct one takes a great deal of time and research to find a property that matches with your long-time dream home requirements. Obviously, there is the challenge that ties in with finding a house which you can afford & enjoy for quite a long time to come. Also, it might be ideal if you save a cradle sum for a few different costs that are engaged with home purchasing. We are not mentioning the initial EMI costs or down payment that you need set up prior to booking your home. On the whole; here we are discussing different costs apart from home purchasing. Registration & Stamp Duty charges: There are registration & stamp duty charges that you should pay against your property. These charges become judged based on property value. Stamp duty is a mandatory payment that the purchasers give the government to register the apartment in their name. Registration and stamp duty charges in Kerala is typically 7 to 10% of the whole property cost. Maintenance Charges: Apart from registration charges, you should save some additional cash for the maintenance costs that you need to pay the builder. It is primarily a fee for maintenance of the amenities & facilities provided by the builder. Real estate builders usually take as long as a year's maintenance charge at the time you move into a new apartment. The maintenance costs fluctuate from one property to others as it relies upon the type of amenities it offers to the purchaser. Parking Charges: As well, there are also parking charges. You should pay an extra sum for the assigned parking area. In housing buildings, each flat or apartment benefits with a selective parking spot with your home number imprinted on it. You will bear an additional charge for it at the moment of purchasing the apartment & gain with problem free & easy parking each day. Property Tax: Another cost is the tax you need to pay against your property to the state government. The amount of tax depends upon your property value & it can vary from one state to another. Accordingly, you can get the estimation done in the initial stage itself. Even though you may the alternative of paying this amount on a month-to-month basis or quarterly or yearly basis. Interior Costs: Once you purchase your own home, you will have a plan to design it in your own way. For this one, you have to spend some amount in getting the interiors done as per your requirements & preferences. This spending can charge quite a fortune relying upon the specific nature of interior work being embraced. Preferential Location Charge: It is an additional charge that gets required when you book a flat or apartment with a specific location, floor & view. You may have to pay an additional cost for a home with a lake or garden view. So preferential location charge is an extra charge which every builder will impose & it will vary with the builder. Apart from this, you will likewise need to save cost for moving your things from the existing area to the new apartment. That is relocation cost, for this you should save some additional cash for the movers and packers services that you profit. So, when it comes to purchasing a house, you have to think about the above-mentioned costs and should have a different financial plan for it. If you are wanting to purchase an apartment from the most promising real estate builder who will clarify you about every costing associated with home purchasing, then trust Varma Homes. Being the top & most demanding real estate builder in Kerala, you can completely trust Varma Homes for your dream home, which will definitely be worthy of your hard-earned money. We do charge these costs yet we will inform you concerning each cost, & you can choose the property likewise. You can select your dream home as per your requirements & budget from our different residential projects in Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode. You can learn more about our projects on our website and connect with our team today for making your lifetime deal with us!
Read MoreEmbarking 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 MoreIf you are thinking of buying a home this festive season, it’s high time that you make your move. Christmas is an ideal time to buy properties. At the end-of-year, the vendors get to the point where they just want to sell. That's indeed a good news for potential home buyers, as it will be very easy to negotiate the prices for new homes. Contrary to popular belief, go against the trend and house hunt when the others aren't looking, as people are mostly on holidays - that's in the month of December and January. Lesser people looking for new home means lesser competition, which equals greater flexibility in negotiations and also a better chance for securing a bargain. The festive season can also be the optimal time to sell. Most buyers plan to move into their new homes before the New Year begins. Buyers looking for properties during the holidays are usually serious about purchasing and this could lead to a quick sale. Holidays will possibly increase settlement times and also agreement conditions. It’s another great advantage of buying new homes at this time of year, as the settlement will often be in January or February. If you're looking for an area that has an increased holiday population, the competition among the buyers may increase. And this could lead to offers that are higher than the home seekers’ original seeking price. However, demand can vary from area to area. The outer cities and more urban areas are most preferred by the residents. Varma Kottaram – is yet another luxury apartment project of Varma Homes in Tripunithura located between the Kalikotta palace & Sree Poornathrayeesa Temple. The new new luxury apartments is a G+4 apartment project having 24 units of 2 BHK and 3 BHK flats. The luxury flats in Tripunithura are well equipped with all the modern amenities which are made worth for its price. Varma Homes, the best builders in Cochin offering new luxury flats, budget-friendly apartments and residential projects in Ernakulam, Thrissur and Trivandrum always bring the best for you. If you are looking forward to buy flats in Tripunithura, then contact us today. Call +91 9645 88 33 33 for more details.
Read MoreFinally, it’s time to live in the new residential project of Varma Homes in Kochi conveniently located at Ponekkara, Edappally with a total number of 40 exclusive apartments. On January 28, 2018 Honourable MLA Shri. Hibi Eden attended and hosted the project inauguration ceremony of Varma Regent, the immaculately designed compact apartments at Edappally. Varma Homes has already made a footmark in the real estate industry within a very short span of time soon after their establishment. And now with the inauguration of Varma Regent, Varma Homes has got a strong and firm root in the real estate market of Cochin. Varma Regent, being the budget-friendly apartment project of Varma Homes, it has already received an overwhelming response from the public. These carefully built apartments are accessibly erected in one of the prime residential areas in Edappally, Kochi. Varma Regent positioned at Ponekkara is a G + 4 tower apartment with 10 units per floor in 40 cents comprising of 1, 2 and 3 BHK flats ranging between area of 553 sq.ft to 1357sq.ft with all the modern amenities and quality construction. The amenities include Fully Automatic Lifts, Intercom Facility, Fire Fighting System, Children’s Play Area, Rooftop Party Area, Terrace Garden, Recreation Space, Fitness Centre, Provision for 24 Hours Security, Provision for 24 Hours Power and Water Supply Facility, Sewage Treatment Plant, Water Filter, etc. Apart from the proximity to Lulu Mall, its easy access to Metro Station is an added advantage of Varma Regent. It is also nearby to all the prominent healthcare centres, famous educational institutions, popular hangout spots and other major commercial developments. Varma Regent is an affordable apartment project from Varma Homes designed for a lifestyle of comfort and convenience. The new apartments in Edappally offer a choice of 1, 2 and 3 bedroom flats and an array of thoughtfully chosen amenities to enjoy commutable city living. Varma Homes is one of the most reputed builders in Kochi who values customer happiness above all. 'Constructing Happiness' was inspired by our firm belief in delivering homes that are affordable to all. Varma Maalika in Tripunithura is the very next project ready for inauguration. Varma Kottaram, Varma Padippura in Kochi, Dr. Pais Heritage in Trivandrum and Varma Spectrum in Thrissur are the other ongoing residential projects of Varma Homes. Many residential apartment projects from Varma Homes will be launching very soon in major cities of Kerala including Kochi, Thrissur and Trivandrum. On booking Varma Homes you can avail Pradhan Mantri Awas Yojana (PMAY) to save upto 2.67 Lakhs(*Terms and conditions apply) and an additional 4% GST deduction will also be available. If you would like to get more information about any of the projects please visit the website www.varmahomes.com. To make a booking enquiry please use the form in the website or telephone +91 9645 88 33 33 and we will get back to you as soon as possible.
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