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Investment Advice on Top Localities to Buy a Property in Kochi By 2020
Investment Advice for Buying Properties in Prime Localities in Kochi
Kochi has become a preferred destination for people looking to invest in property. The main reason is that it has now evolved into a technical and commercial hub and bids various opportunities for both job seekers and people in the business. Likewise, the cluster of towns, tourist’s spots, and breath-taking natural beauty make Kochi the most demanding residential area in Kerala. The city has a unique vibrancy and uniqueness from others. Being the Economical capital of Kerala, the city is always growing and now it’s a dream of anyone to own a property in the central location of Kochi. There are many places in and around Kochi where you can stay or settle and let’s consider the top areas where most of the people prefer to buy flats in Cochin.
Edappally
If you are looking forward to buying a flat in the best cities in Kochi, then Edappally is one of the finest destinations you can choose. It is the most popular locality owing to its excellent connectivity and various social infrastructures. Besides being commercially developed, Edappally is also a great residential location with numerous top-notch apartment and flat projects with amazing architecture and design. It also hosts India’s largest shopping mall, Lulu Mall which is one of the finest attractions of the state and is one of the favorite hangout spots of all Kochiates. Being the doorway to Kochi city, buying a flat in Edappally will keep you extremely close to all the key points of the city.
Panampilly Nagar
To all who love living in the posh residential area and indulging in its infinite pleasures, Panampilly is a perfect choice. It is one of the high-end hybrid residential-commercial neighborhood in Cochin, offers plenty of benefits that includes a comfortable and lavish lifestyle, excellent connectivity, healthy surroundings and high return. The area provides access to facilities like hospitals, schools, colleges, shopping malls, banks, convenience store everything you will be expecting will be supplied with Panampilly as a location for your flats in Cochin.
Tripunithura
If you're looking for a peaceful and culture organized place, then Tripunithura is the best choice. It is positioned well given its infrastructure and connectivity which offers exceptional quality of life and stands out in the top-notch facilities available. The area has proximity to schools, shopping malls, bus depot, colleges, residential properties, railway stations, hospitals and many more. You can find Tripunithura as the best place to live in Kochi as it gives you a luxury living away from hectic city life.
Kakkanad
Well-known as the IT capital of Kerala and is the most preferred spot for potential home buyers in Kochi. It is the best place to live in Kochi, which is away from the busy city lifestyle but close to all the landmarks within a short distance and easily accessible. One can get the city benefits with the comforts of a village. It is the best area to invest in the future. If you are working in Infopark Kakkanad, then it is undoubtedly one of the right options to stay. Many IT employees prefer ready to occupy flats in Kakkanad which makes it easy to access to their workplaces and also very to the City life.
Chottanikkara
It is yet another hot spot to invest in Kochi which offers all the elements required for a noble lifestyle. The tranquil atmosphere and lush greenery of this place make it the best place to live. It is well balanced in connectivity to industrial areas and the neighbourhood cites and has close proximity to one of the best known Indian temple – the Chottanikkara Bhagavathy Temple, reputed schools, hospitals and entertainment zones. Besides it has excellent connectivity to the seaport - airport road, mini bypass, and more, which makes the living in the land of temples, a truly royal experience. The place is going to be the residential hub of the future Cochin and is an exceptional choice for anyone looking for a flat in Kochi along with the investment interests. So having flats in Chottanikara will ensure that you live in close range of city limits yet keeping a healthy distance from the crowded city.
Take your choice from these top locations in Kochi for your dream home. A home must be a safe haven for you and your family and sensible investment of your savings promising high returns. If you are in search for your dream home then explore Varma Homes portfolio of apartments in Kochi. We offer homes at the most-desired locations with world-class amenities to give you a supreme lifestyle like no one else. Whether you want to buy luxury flats in Chottanikara area, just contact us. We have our new launch project Bougain Heights Purple that fits your dream and your pocket. It offers you a complete address that addresses all your requirements and necessities. Enquire now for the best possible deal and unique benefits.
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How to choose the right builders while buying a Flat
Selecting the best home builder for your needs can be difficult in many circumstances. The builder you choose should be able to complete all services with the highest level of quality and on schedule.There are many home builders in the city nowadays, but only a select few of them can be relied upon. You may do miracles with your home with the aid of a skilled builder.A common question that people who want to purchase a home ask themselves is how to choose the home builder.When selecting a builder for your flat in Thrissur, there are numerous factors to take into account. The next section discusses some suggestions for picking the best builder.1. ExperienceBoth the service and the quality given by the builder you have selected will be acceptable if they have been active in the sector for a number of years and have a solid reputation in the business. More experience means more expertise in a given industry.You can always be certain that the home builder has the necessary experience to provide high-quality residences. Therefore, attempt to look into the builder's experience in this specific industry when hiring a builder. A skilled builder will always try to offer his experience to your projects, increasing their effectiveness. Check out some real estate fallacies you need to be aware of in order to choose your property wisely.2. Ongoing WorksVisit the builder's active projects to assess their effectiveness. If the builder has active projects, it will be easier for you to grasp the quality and current updates being employed, as well as the dependability and experience of the builders. Making them your builder will always be a wise choice.When viewing the website, make an effort to evaluate the materials and services they are using. You can determine whether or not to select them by taking into account these elements.A professional builder would frequently stop by the job site to monitor the progress of the construction. This demonstrates the builder's dedication to their craft. So, you may find out if the builder frequently visits the site by asking the owners of the ongoing projects.3. Customer ReviewsOne of the most crucial areas to look at when choosing your builder is this. The builder will be more dependable if they have more satisfied clients.Always make an effort to acquire feedback from the builder's previous clients as well as current clients on active projects. You can learn a lot about your builder's work from this section.Additionally, you can use the internet to find consumer testimonials and feedback, particularly if the builder has a website. You can find the builder's previous projects and read reviews of those projects by entering the builder's name in any search engine. It is among the simplest ways to find out what people think of the builder.4. Success RateIt might be a house, a villa, a flat, or an apartment. Try to learn about the builders' previous projects. Analyse the projects' success rates as well, specifically the proportion of completed homes that were delivered on schedule and were occupied.This part can be used to highlight the size of the business, the calibre of the materials utilised, and the builder's dependability. An effective builder will have a good success rate on their projects. You can choose them if they have taken on significant undertakings and successfully accomplished them.No matter the size of the project, the builder needs to be able to finish it successfully, quickly, and to the highest standard. 5. Matching Your RequirementsYou'll have many ideas while you build a house that should be incorporated into the overall project. A foreign style of design or any other kind of design may occasionally impress you.Therefore, while selecting a home builder for your project, strive to ensure that the builder is qualified to carry out your project's ideas. Share your criteria with them and find out whether they can carry them out before fixing the builder.When you discuss your ideas with the builder, they frequently strive to include their expertise into the project, which will make it more successful. A skilled builder constantly incorporates their expertise and knowledge into their projects.6. Quality of MaterialsSome contractors place a premium on the calibre of the supplies utilised in the job. For your project, it is preferable to choose these types of builders.The longevity of the home may depend on the calibre of the construction materials utilised. Along with these kinds of reliable builders, there are also some unreliable builders who, in an effort to increase their profits, employ subpar materials for the job.You must be present at the construction site to check that all of the materials are of the highest calibre. Visit the customer's active construction sites to examine the quality of the materials.The above mentioned ideas might assist you in avoiding the uncertainty surrounding how to choose the home builder for your project. You should be extremely attentive when selecting the builder because you will be investing a significant sum of money in the project.Try to learn a little bit about the builder's business and look at some of their previous projects before making your choice. so that no one will defraud you.Today's technology has advanced greatly. With the aid of these technologies, you may pick the ideal builder who can finish the project on schedule and within your specified price. Utilize all available resources to select a qualified builder for your project and create a fantastic home.Varma Homes are one of the best builders in Kerala providing the best flats in Kochi and Thrissur among other parts of Kerala. For further information on our project contact us now!
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Tips for buying an apartment to get a better long-term ROI
The most important factor to consider when investing in real estate is the return on investment. A property isn't a good investment if it doesn't guarantee a good return. Purchasing a property provides numerous benefits, including emotional fulfilment, assurance of future residence, and long-term financial benefits. In fact, it’s a symbol of financial stability for the majority of Keralites. With improved infrastructure and a higher standard of living, the state has seen a significant increase in real estate construction over the last decade. However, purchasing a home is a significant financial investment that necessitates careful planning and consideration of other factors. The location, construction costs, real estate value of the home, and space all play a role in determining a house's value. In the long run, a spacious apartment with good amenities will be a good investment. As a result, picking the right apartment to invest in is critical. In this blog, we'll look at the viability and return on investment of various aspects of residential real estate to help you make an informed decision. Location & Connectivity Obviously, the location covers more than just owning a house; it also includes the infrastructure in & around the area. If you pick the right location for your home, the value of your investment is sure to gradually rise. A good apartment project must be well-connected to the city and have a good neighborhood with amenities such as schools, hospitals, supermarkets, workplaces, medical facilities, grocery stores, public transportation, and so on. Great connectivity will be the most important factor in property appreciation, especially if the apartment is being rented or sold. So choosing the right location is critical for those who buy an apartment to maximize the return on their investment. Value-Added Facilities & Amenities The Kerala apartment’s modern amenities and facilities aid in getting the best return on investment when it comes time to sell. Today's developers provide a wide range of conveniences for homebuyers to fit their lifestyle, right from facilities and amenities like a clubhouse, swimming pool, CCTV, power back-up, children's play area, etc. These are just a few of the common features that bring value to apartment living. The ROI is determined by how well these amenities are maintained over time. Even so, due to their lower prices, even projects without such amenities can find buyers. However, when shortlisting properties for purchase, make sure that the final choice provides a decent lifestyle rather than just an investment asset. Quality of Homes Due to the abundance of demand in the new corridors of cities experiencing a massive increase, purchasers have a variety of options, as market conditions favour end-users. A home, like a car, is expected to perform a few critical functions, such as shelter, safety, convenience, a luxurious lifestyle, and so on. Buyers must consider these factors, and those that provide these benefits are in higher demand for obvious reasons. Without a doubt, branded builders provide these conveniences and attributes of living as a standard offering due to their market reputation, and such homes are in higher demand with better prospects. When buying a home, keep in mind that a comfortable home with plenty of interior space and luxury amenities in a desirable location will provide better long-term returns on investment. For property investors, homes in good locations, built by reputable developers with a good load of amenities and facilities, will always produce greater investment returns as well as potential rental income. If you are someone who would like a home with excellent amenities, a good neighborhood, connectivity along with excellent ROI, then Varma Homes has everything that you need. Varma homes, one of the top builders in Kerala, has a wide range of apartment designs, sizes, and price brackets to choose from. We offer an array of different amenities and features that will surely meet your needs and exceed your expectations. As well, we can ensure that you get the best apartment for your budget in the most convenient locations in Kerala. Varma Homes can provide you with an excellent living experience and add value to your property portfolio. So, if you are looking for a new apartment in Kochi, Trivandrum or Thrissur, please get in touch right now! We will be happy to help. We are also planning to launch our projects in Calicut soon.
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Things To Consider While Purchasing Flats In Thrissur
Thrissur, also known as the cultural capital of Kerala, is a rapidly developing city with a rich heritage and cultural significance. The city is a hub for trade, commerce, and education, making it an ideal place for investment in real estate. However, buying a flat in Thrissur can be a daunting task. In this blog, we will discuss the important things to consider while purchasing flats in Thrissur.Location:The first and foremost thing to consider while buying a flat in Thrissur is the location. The location of the flat should be easily accessible from major transportation hubs, hospitals, schools, and other essential services. It should also be in close proximity to commercial and business centers to ensure convenience. Considering apartments in Kochi, another prominent city in Kerala, can also be a worthwhile option, as it offers a diverse range of properties and investment opportunities in the state's booming real estate market.Builder Reputation:It is crucial to invest in a flat built by a reputable builder. You should research the best builders In Kerala, their history, previous projects, and customer feedback to ensure that you are investing in a high-quality flat. A good builder will use high-quality construction materials and techniques, ensuring the durability and longevity of the property.Amenities:The amenities provided in the flat should be considered before making the purchase. The flat should have all essential amenities such as electricity, water, and proper ventilation. Additional amenities such as gymnasium, swimming pool, and clubhouse can enhance the quality of living and make the flat a better investment.Floor Plan:The floor plan of the flat should be taken into consideration before making the purchase. The flat should have adequate space and proper utilization of the available area. The design and layout of the flat should be appealing and functional, providing maximum convenience and comfort to the occupants.Legal Documentation:Before investing in a flat, it is essential to ensure that all legal documents are in order. The title of the property should be clear and free from any encumbrances. All necessary approvals and permissions from the local authorities should be obtained by the builder.Security:The safety and security of the flat and its occupants should be given utmost importance. The flat should be equipped with modern security features such as CCTV cameras, intercom, and security personnel. This will ensure the safety and well-being of the occupants.Resale Value:The resale value of the flat should also be considered while making the purchase. The location, amenities, and reputation of the builder play a crucial role in determining the resale value of the property. Investing in a flat with good resale value will ensure that you get a good return on your investment in the future.Price:The price of the flat should be compared with other similar properties in the area to ensure that you are getting a fair deal. You should also take into consideration the payment plan and financing options provided by the builder.ConclusionIn conclusion, purchasing a flat in Thrissur can be a lucrative investment if done with careful consideration. Factors such as location, builder reputation, amenities, floor plan, legal documentation, security, resale value, and price should be taken into account before making the purchase. If you're exploring investment opportunities in Kerala, considering ready-to-occupy flats in Trivandrum can also be a wise choice. By following these guidelines, you can ensure that you make a wise and profitable investment in real estate in any part of Kerala.
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The Golden Rules for Lucrative Residential Real Estate
If you want to increase your riches, entering into the business of real estate has always been a tried-and-true tactic. It's among the few investments that will thrive during a boom and then be securely maintained during a downturn. When it comes to selecting a great property that will be profitable, there are no special tactics or formulas to follow; it's simply a matter of using common sense. Investing in residential real estate is a popular way to put your money to work. Whether you're planning on buying a house for yourself or planning on doing investment, you must know the golden rules of investing in residential real estate. Here we've compiled a list of the golden rules in real estate to remember before investing, regardless of how big or small your investment is. Rule 1: Perception Vs Reality in the Housing Market When it comes to real estate investing, there is a big difference between perception and reality. While most people that get into the world of residential real estate investment have beneficial experiences, some people that get into the market for the first time will find things the hard way. So, before putting any money down, it's a good idea to do some research on a few properties and the surrounding area. There should always be strong demand impulses to help your investment appreciate in the future. Education institutions, proximity to public transportation, ease of access, a wide range of current amenities, and planned future improvements are just a few examples. Rule 2: Before Entering a Market, Learn About Its Current & Future ConditionsThe real estate market is not something to overlook. Before getting into it, make sure you understand everything there is i.e. know about the existing and future market conditions. Understanding your investment goals before buying real estate can help you make an informed decision on whether it’s right for you. When investing in the real estate business, you must understand what is happening in the marketplace so that you can make decisions accordingly. Rule 3: Pick a Healthy Real Estate Market & Carefully Select Location Real estate has always been a lucrative business, with plenty of opportunities for success. Yet, not all real estate markets are the same. To determine the best market to invest in, you need to consider several factors. The type of property you want to buy also matters when it comes to markets. For example, if you're looking at buying an apartment building or commercial real estate, then location is more important than the rest of the market conditions. Also, another factor is the employment rate. How many people live in your area and what type of jobs do they have? Are they mostly unionized or non-unionized workers? Do you have many people working in manufacturing or retail, or is it more service-oriented? You need to know this information so you can determine if your market will be able to support the kind of investment you plan on. That is, if the apartment you buy is in a high-demand area or is near to an industrial or educational area, then you have the possibility of renting an apartment. Or you can buy homes to resell them at a higher price later on, etc. That is, some locations will keep your property occupied at a premium monthly rental rate while also making high capital gains. While others will produce exceptional rental returns or are better suited for long-term capital gains rather than rental revenue. So, always select a location while keeping the city market and investment concept in mind. Rule 4: Seek Out Demand Drivers Before confirming a buy, potential buyers who have done their homework will always enquire about the demand factors that set it apart. As a result, always look for your apartment with the demand drivers in mind. New shopping malls, complexes, or towers, for instance, can be a prospective housing market with excellent rental income and capital appreciation. Infrastructure development, such as flyovers, metros, or new roads, as well as commercial hubs, can all be growth drivers. Because housing demand tends to rise in the medium to long term, these places could be a goldmine for you. In the meantime, you can supplement your income by renting a home.To summarize,When you invest in a home, you are making a big commitment. This is why it’s important to remember the golden rules for investing in residential real estate. If you follow these rules, it will be easier to find a property that offers high returns and low risk. So, contact the best real estate builder for your investment when it comes time to building your dream home. If you are looking for the best apartments in Kerala to invest in, Varma Homes is the right choice. Varma Homes offers a range of 2BHK and 3BHK apartments in prime locations across Kerala. We are one of the best residential apartment builders in Kerala and can assist you with all your real estate requirements. So don't wait anymore! Contact us today by visiting our website or giving us a call at +91-9645883333.
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NRI Investments in the most expensive real estate markets in kochi
Owing Apartments in Kochi is the biggest dream of NRIs and the middle class people. Kochi is basically said to be an investors’ market and these investments of both the NRIs and the middle class people have fuelled up the growth in the city. Kochi has seen a massive growth in its IT sector and Infrastructural development through NRI investments. Kochi is one among the most expensive real estate markets in India. Significantly, the populaces with an annual income of 13 lakhs and above only can consider buying residential projects in Kochi. Furthermore, the average price of the new apartment projects in Cochin and the rental value is noticeably getting high in the commercial capital of Kerala. The city of Kochi is already in the process of progressing from the small town into a metro city. The major places like Tripunithura, Vyttila, Fort Kochi, Kakkanad and Edappally are becoming part of the prime residential locations in Kochi. Many number of new apartments in Kochi are found available for sale and rent in these places. Nowadays, the home buyers who are most interested in investing in flats in Kochi are the salaried classes - the NRIs and the middle class people. And both these classes are specific about the facilities and the amenities offered by the flat builders in Kochi. They are also price conscious and are not willing to spend their hard earned money on investing in the independent homes especially because of the unreasonable hike in the prices of such properties in Kochi. In order to help the home buyers in buying their dream homes, the Government of India is planning to drop the GST rate for property purchases under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. As NRIs are not dependent on home loans for buying new luxury flats in Kochi, the middle class people are the most beneficial with the Pradhan Mantri Awas Yojana (PMAY) Scheme in India. Under the scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable. The younger generations are also into investing in new luxury apartments in Kochi mainly because of the increase in number of IT companies, rapid progress of the transportation sector and improved communication in the metro city. With the advancement of metro rail, youngsters also prefer to buy new flats in Kochi which are even farther from their workplaces.
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