Blog Detail
LOW-INTEREST RATES | BEST TIME TO BUY YOUR DREAM HOME
Opportunities don’t always knock at the doorstep when they do, you must ready to use it to the fullest. Well, it is true that COVID- 19 outbreak has proven the fact that owning a home is the best way than coping with the worries of living in rented accommodation. Now people are also aware of the significance of having an investment in the realty market as an asset class in their investment hamper. Since it is the most reliable and steady return investment choice compared to other investments options of high risks. Purchasing a home is often the biggest purchase of our lives, and a mortgage or home loan is typically our biggest financial commitment. Keeping the total acquisition charge in mind, affordable housing categories and the mid-segment have arisen as the most sought after for buyers.
Good News For Potential Buyers, It’s The Time To Strike
The novel COVID-19 pandemic has added numerous uncertainties to every single part of life, and the housing market is no exception. So, RBI take steps to deal with this situation with lowered repo rates, increase liquidity in the market, and the introduction of subsided housing schemes by the government. These changes will go a wide way of generating the much-desired demand for potential buyers.
This is absolutely good news for those who wish to own an apartment, moreover for those who waiting for the right time to strike. So now banks have made home loans most attractive giving home buyers with a chance that cannot be missed. The steep cut has brought interest rates on home loans by private & public sector banks to their lowest interest rates of 6.95% with effect from July 2020. Fixed home loan rates are the lowest they have been, and it will be the best time to yield the benefit of this ultra-low interest situation.
Once the economy recovers this unprecedented hit loss in the market, the property prices will bounce back and this low-interest-rate environment will vanish. There is no doubt that the coronavirus outbreak has totally changed the meaning of what we have come to know as home. Now it becomes a school to our children, an office, and of course secure abode for our family.
If you are looking for the right time & the right opportunity, then wait no further. Here is the right opportunity in the form of low home loan Interest rates. Go ahead, make its optimum use and realize your life dream of owning a home. You can now contact Varma Homes, the best builder in Kerala, for booking your dream apartment in your favourite city. We have our best quality apartments in major cities of God's own country like Kochi, Trivandrum and Thrissur. Check out our incomparable apartments, we are sure that you will be spellbound. Realize your dream home with us, once you invest, you will have a fixed asset that will have value at any time.
Opportunities are like sunrises, so take the benefit of low-interest rate & own your dream apartment from the house of Varma Homes!
Releated Blogs
What Makes Buying an Apartment in Kochi, Kerala, a Good Investment?
Nestled in the verdant landscapes of Kerala, Kochi has emerged as a thriving real estate market, offering a unique blend of natural beauty, urban amenities, and a rich cultural heritage. This blog explores the compelling reasons why investing in apartments or flats in Kochi is considered a wise financial move.Location Advantage of KochiKochi's strategic positioning plays a pivotal role in making it an ideal destination for real estate investment. Situated amidst a network of esteemed educational institutions, state-of-the-art healthcare facilities, bustling markets, and efficient transportation hubs, it offers unparalleled convenience for residents. Moreover, its proximity to popular tourist destinations like Fort Kochi, the Backwaters, and Munnar adds to its allure, making it an attractive option for both residents and tourists alike.Comparative Analysis: Apartment vs. Independent HouseWhen contemplating between an apartment and an independent house, several factors come into play. Apartments in Kochi often present a more cost-effective option, and they boast a wide array of amenities, from well-equipped fitness centers to serene swimming pools. These amenities may be financially impractical for an independent house owner. Additionally, the maintenance and upkeep of apartments are typically managed by professional services, relieving individual owners of this responsibility.Things to Focus Before You Purchase an Apartment in KochiBefore finalizing your investment in an apartment in Kochi, it's crucial to pay attention to specific details. Budgeting and financial planning are paramount, as is conducting thorough legal due diligence. This involves scrutinizing property documents and ensuring that all necessary approvals and clearances are in place. It's also essential to meticulously research the reputation and track record of the builder, and conduct a comprehensive inspection of the property and its amenities.Why Kerala Is the Perfect Place to Buy a Flat Right NowKerala, often hailed as "God's Own Country," boasts a stable and burgeoning real estate market. The state's robust economy, coupled with favorable government policies and incentives, makes it a hotbed for real estate investment. Buying a flat in Kochi, as a part of this vibrant market, presents a golden opportunity for long-term financial gains.Introduction to CREDAI Membership in KeralaThe Confederation of Real Estate Developers' Associations of India (CREDAI) plays a pivotal role in the real estate sector, ensuring ethical and transparent practices. Being associated with a CREDAI-affiliated developer provides an added layer of trust and reliability in your investment. Explore the diverse range of projects offered by CREDAI-affiliated developers in Kochi, and rest assured in the quality and craftsmanship they promise.Beyond Tourism: The Real Reasons Foreigners are Settling in KochiKochi's charm extends far beyond its status as a popular tourist destination. Foreigners are increasingly choosing to settle here, drawn by employment opportunities and the promise of a rich and diverse cultural experience. The city's welcoming atmosphere, combined with its cosmopolitan outlook, makes it a natural choice for those seeking a new home away from home.ConclusionInvesting in apartments or flats in Kochi, Kerala, represents more than just a financial transaction. It's a gateway to a lifestyle that seamlessly blends modernity with tradition, and nature with urban convenience. With its strategic location, burgeoning economy, and thriving real estate market, Kochi stands as a beacon for astute investors seeking long-term returns on their investment. Seize the opportunity, and make your mark in this vibrant city.
Read More
Merits of Buying Apartments in Tripunithura
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, you are proximate to almost everything a royal lifestyle demand. 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. Hill Palace is the largest archeological museum located at Tripunithura near Karingachira area. The Abhishekam Convention Hall is one of the meeting halls available in Tripunithura. It has a main bus-stand in its main centre with buses going from and coming into from different locations. Furthermore, Tripunithura has bus-stops in almost every part of the town which makes travel by bus easier. Railway transport is also available. It is a major railway station in Ernakulam to Kottayam route with many passenger trains and express trains have a stop over here. NH 49 passes through Karingachira. Ernakulam-Ettumanoor State Highway also passes through Thripunithura. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. To build a place, where you can find all your comforts and finally call home. 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. Located in the land of royalty, the rich historical mores of Thripunithura re?ects the depth of art, culture, and belief. The former rulers of Kingdom of Cochin were great patrons of art. This made fine arts and architecture flourish under them in many ways. Athachamayam, the cultural gala exclusive to this land alone, stands proof to the fact. Poornathrayeesa Temple lightens the lamps to the path of supreme deity. The Kelikottu of midnight Kathakali performances transport you to the traditional days of the past where the night is ?lled with Kacheri and Natyakalari. The prestigious RLV College of Music and Institute of Fine Arts, and Government Sanskrit College are just a few blocks away. Nearly half a dozen cultural societies including Sree Poornathrayeesha Sangeetha Sabha, Tripunithura Kathakali Club and the International Centre for Koodiyattom are active with cultural performances and programmes. Tripunithura also has many dedicated centers for stage performances and promotion of art. For building living spaces - location matters, convenience matters and finally, the creator matters. The conglomeration of all this, is the result - something beautiful and breathtaking. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. To build a place, where you can find all your comforts and finally call home. 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.
Read More
Investing in Luxury Flats in Kerala: A Smart Choice for Your Financial Future
If you are investing in Kerala, there are various advantages to buying a luxury apartment. You will undoubtedly need a justification to bring up such a sizable purchase, and this in-depth post will provide justifications for why you must purchase a luxury apartment in Kerala.People who are not satisfied with just any kind of residence and the demand for luxury flats in Kerala may fluctuate at any given period. It is motivated by the rising standard of living, the desire for the good life among historically rich families, as well as the luxury property buyers who do so for valid reasons.When it comes to investing your hard-earned money, there are countless options available in the market. However, investing in luxury flats in Kerala can be a smart choice for your financial future. Kerala is a popular destination for tourism, and the real estate industry has been booming in recent years. In this blog, we will explore the reasons why investing in luxury flats in Kerala can be a wise financial decision.High Rental ReturnsKerala is one of the most popular tourist destinations in India, with its serene backwaters, pristine beaches, and lush green landscapes. This has resulted in a high demand for rental properties, especially during the tourist season. Investing in a luxury flat in a prime location can provide high rental returns, making it a lucrative investment opportunity.Appreciation of Property ValueKerala has seen a significant rise in the real estate market in recent years. The demand for properties has increased, resulting in a rise in property prices. Investing in a luxury flat in a prime location can provide high returns on investment, especially when the property value appreciates over time. As a result, investing in luxury flats in Kerala can be a wise financial decision in the long run.Tax BenefitsInvesting in real estate in India provides several tax benefits. Investors can avail tax deductions on the interest paid on home loans and can claim deductions on property taxes, maintenance charges, and repairs. Additionally, if the investor rents out the property, they can claim tax deductions on rental income and depreciation.High-Quality Construction and AmenitiesLuxury flats in Kerala offer high-quality construction and amenities, including 24/7 security, power backup, swimming pools, gyms, and more. These amenities provide a comfortable and luxurious lifestyle, attracting high-end buyers and tenants. The construction quality and amenities also play a vital role in determining the resale value of the property, making it a lucrative investment opportunity.Stable Real Estate MarketKerala's real estate market has shown stability over the years, with steady growth in property prices. Unlike the stock market, real estate investments are relatively stable, providing long-term benefits to investors. Investing in luxury flats in Kerala provides a stable and secure investment opportunity, which is beneficial for investors looking to secure their financial future.Investing in luxury flats in Kerala can be a smart choice for your financial future. The high rental returns, appreciation of property value, tax benefits, high-quality construction and amenities, and stable real estate market make it a lucrative investment opportunity. However, like any investment, it is essential to conduct thorough research and due diligence before making a decision. Working with a reputable real estate agency can help investors make an informed decision and maximize their returns on investment.Varma Homes is one of the famous builders in Kerala offering an array of choices for those who are looking for the Best Flats in Kerala. If you are planning to buy Budget flats in Kerala, I would say it is a wise choice. We have our projects across Kerala. You can trust and invest in our projects; our executives are always ready to help you. You just need to make a call, and we are there to suggest the best option for you. Your dream is just a call away!
Read More
READY TO BUY AN APARTMENT? HOLD ON, FIND THESE CHECKLIST
FIND THESE CHECKLIST BEFORE BUY AN APARTMENT Investing in a new housing property is one of the most crucial financial decisions we take as we incline to invest a large sum amount in one go. So there are certain things to pay attention before buying a flat to minimize your risk. To simplify things, here we have listed a few important things that everyone must cross check before buying your dream apartment or flat. Builder Credibility-Simply being in business for a long time is not enough; the builder should have earned customers trust and goodwill. Keeping promises on quality, delivery and amenities to customers is essential. You also need to check whether their offers are credible; some builders create too-good-to-be-true promises to draw customers, but they pull out later. There have been many such incidents everywhere where we’ve seen high rises falling as the builder used improper matter while constructing the house. To ensure you and your family safety, research well regarding the builder and the best method is to look for past projects of the builder. Legal Check of Property- Check whether the building has required authorization from the concerned authorities. Double check the builder have approvals and NOC from the electricity board, water supply, sewage boards, Panchayat/Municipal, Corporation etc. Ownership - There avail the number of apartments, and you can find flats of all price range. No matter whether you are looking for a 1BHK /2BHK/ 3BHK flat, you can easily discover the best choices. However, it is essential to comment that many people purchase under-construction flats just for investment targets. So, if you are looking for resale flats, you must guarantee the flat has the right ownership and has surpassed all the legal documents of the property. Litigation Free Land- Before you invest in the housing property, you want to confirm the land isn't concerned in any sort of legal dispute, as the property dealers or real estate brokers may try and hide such problem. So before finalising your deal make a background check of the land. Floor Plan- Before buying any flat, floor plan is a very significant consideration. It is vital to be aware of the flat space and the common share percentage, air passage, adequate ventilation, proper placements of the fixtures, directions and dimensions etc. Check The Carpet Area- You need to check the actual carpet space of the flat before you book one instead of the super built-up area. Usually, the super built-up area comprises the lobby, the staircase, elevator space, the thickness of the walls and others. Though, carpet area is the actual space within the walls of the flat. Government Permitted Land- The construction plan of a building is sanctioned by the authority only if the land come under the category of the ‘build-able’ class. So as to confirm the builder has obtained the required permission from the govt., you want to ask the owner of the flat to show the sanctioned papers. In this manner, you'll be able to keep one's hands off from the illegal properties. Property Taxes-Before investing your hard earned cash, you need to pay attention to property taxes. It’s important to confirm the builder has paid all the required taxes associated with the property upon which the flat has been made. Additional Charges-Numerous costs that go into making the total cost of a flat starting from parking space charges to club membership costs. In addition to basic cost, car parking, caretaker charges, public utilities such as sewage treatment and wastewater management can also cost more than the base price. So, inquire about these kinds of additional charges before paying the booking amount to avoid surprises later. Before you purchase a flat, you must query whether the building property is legally trouble-free or not. Buying a house is one among the huge steps in your life, it might be your years of saving and years of planning cannot be drop at the right moment when you make the final decision. Therefore, you are required to reminisce each of these points before you fix the deal. You don't need to worry about these things when you approach Varma Homes for your dream purchase of the apartments in Kochi, Thrissur & Trivandrum. As we know that buying an apartment may the biggest purchase of your life. So we strictly follow all the legal formalities and deliver all our projects on time or ahead of schedule for all our buyers. Being the top builder in Kerala, our credibility, top-notch quality and value we preserve in our services are stealing the heart of many people. We know our customers invest their in-depth faith and trust to us along with their hard-earned cash. Which is why we consistently put our customers first in our quality delivery strategy of our residential projects and leave no stone unturned to bring them exceptional living in our happy homes.
Read More
How Has COVID-19 Pulled Millennials to Invest in The Realty Market
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 don’t own & you don’t create equity. Eventually, your money is raising your landlord’s 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 NRI’s 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