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The Future of Real Estate in Trivandrum
The real estate investments in the city of Trivandrum are sure to take an upward shift in the days to come. Being the state capital and the second largest city in the state, Trivandrum is home to a huge number of State and Central Government organizations. The job openings at Technopark are attracting a great number of IT professionals to reside in the city, and thereby giving the city’s real estate market a major uplift. The Vizhinjam harbour project will also act as a game changer in the real estate industry, once when the work gets commenced.
The Kerala Government has also proposed a plan to develop a metro rail system in Trivandrum which is proposed to name as “Trivandrum Light Metro”. It is going to be one of the major developments in the city, enhancing the real estate industry and economic growth. All the major real estate developers and home builders now have a strong presence in the city of Trivandrum with quite a good number of residential projects in the pipeline.
When there is a rapid upward shift in the demand curve of residential apartments and flat projects in and around the city of Trivandrum, this is just the perfect opportunity to invest in one of them. Make sure that you take a wise real estate investment decision with the reputed builders in Trivandrum who guarantee timely delivery, exceptional construction quality and an impeccable lifestyle with all the luxury amenities possible. Varma Homes is such a trusted builders who have got a luxury flat project in one of the prime residential areas in Trivandrum.
Varma Dr. Pai's Heritage at Poojappura, the new luxury apartment project from Varma Homes is named after one of Trivandrum's most gifted and respected sons, Dr. KN Pai. The super luxury apartments in Trivandrum are handcrafted with opulent amenities as it is one of the prestigious projects of Varma Homes.
The present generation is changing their overall outlook and the graph shows a progress in the apartment style of living. The benefits on home loans and other innovative house financing schemes is encouraging more and more people to buy their own dream homes. With the increased developments in the major cities like Kochi, Trissur and Trivandrum, now is the best and the right time to make an investment in real estate.
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How To Invest In The Right Property Within Budget?
Embarking on the journey to invest in real estate, whether it's the allure of luxury houses in Kerala, flats for sale in Kochi, apartments in Thrissur, or ready-to-occupy flats in Thiruvananthapuram, requires a strategic approach. As you delve into the process of finding the perfect property within your budget, there are crucial steps to follow. These steps will ensure that your investment aligns not only with your financial capabilities but also with your aspirations of owning a piece of this enchanting region.Determine Your BudgetBegin by going through your income, spending, and obligations. This can assist you to understand your financial condition and calculate how much you can reasonably afford to spend on a home. Most real estate transactions need a down payment, which is often a percentage of the overall purchase price. Determine how much of a down payment you can afford. Apart from the purchase price, there are various other expenditures connected with purchasing a home, such as closing charges, legal fees, property taxes, and upkeep costs. Make sure to include these expenses in your budget. Consider being pre-approved by a lender if you intend to finance your home acquisition with a mortgage. Set a budget that works for you based on your financial status and the costs of purchasing a home. When it comes to picking a home within your budget, keep in mind that you may need to make concessions and prioritize your demands.Identify Your NeedsDecide the extent to which you require bedrooms, bathrooms, living areas, and outdoor space. This will be determined by the size of your family, your lifestyle, and any unique requirements. Evaluate the exact qualities you desire in a house, such as a garage, outside space, a swimming pool, or other facilities. Take into account your long-term goals and how your investment will fit into them. If you intend to have children, for example, you may require a home with more bedrooms and an outside area. If you intend to rent out the home, you should assess its rental potential as well as the facilities that tenants will demand. When you've identified your needs, prioritize them in order of significance. You may make an informed decision about investing in property within your budget by assessing your needs. To ensure that you make a wise investment that fulfills your long-term goals, you must analyze all elements that are essential to you and prioritize your requirements.Research The MarketAssess current real estate market trends in the region where you wish to invest. Understanding issues such as supply and demand, property valuations, and market circumstances are all part of this. Evaluate the development potential of the industry in which you wish to invest. Look for elements such as new projects, infrastructure upgrades, and other growth indicators that may raise property prices in the future. If you intend to rent the property, investigate the current rental prices in the neighborhood as well as the demand for rental units. This will give you an indication of how much rental revenue you might be able to make from your investment. It's vital to comprehend the local market circumstances, property valuations, and growth possibilities in order to make a wise investment that fulfills your long-term objectives.Work With A Reputable Real Estate AgentReal estate agents have extensive knowledge of the local real estate market, including property valuations, market trends, and sales history. When it comes to investing in property within your budget, this knowledge might help you make an informed decision. They have years of experience and knowledge in purchasing and selling real estate. They may offer invaluable advice and direction throughout the purchase process, including assisting you in identifying houses that match your requirements and negotiating a reasonable price. Real estate agents share a professional network with other agents, lenders, house inspectors, and other industry experts. They may use their connections to assist you in finding the correct house, obtaining financing, and ensuring a smooth closing process. Varma Homes provide the best services and guidance to make all your dreams come true.Check The Property ThoroughlyBegin by checking the property's exterior. Check for evidence of deterioration such as foundation or roof fissures, water damage, or mold. When you've gone over the outside, go over the interior. Check for indications of wear and tear, such as cracked walls or floors, dripping faucets, or broken appliances. Look for pests like rat droppings, termite damage, or cockroach infestations. They can be expensive to remove and may suggest broader issues with the property. Make that the plumbing and electrical systems are in good operating condition. Check for leaks, electrical problems, or antiquated systems that need to be updated. Take a walk around the neighborhood to get a sense of the community and the local facilities. Search for places that are essential to you, such as parks, schools, restaurants, and shopping complexes. Consider hiring a professional inspector to do a more thorough examination of the property. A skilled inspector can see any faults that aren't always obvious and offer you a detailed report. Consider Long-Term ValueKeep up with the latest real estate market trends. Are the costs in the region rising or falling? What are the future growth projections? Investing in a property with long-term growth potential might deliver a strong return on investment. Evaluate the property's condition. Is it in good shape and will require just minor repairs or improvements in the future? Well-maintained properties tend to preserve their worth better over time. Assess the property's ability to create rental revenue if you want to rent it out in the future. Properties in desirable locations with adjacent facilities may have a higher rental value, offering a solid long-term return on investment. Conclusion:The journey to investing in properties like luxury houses in Kerala, flats for sale in Kochi, apartments in Thrissur, or ready-to-occupy flats in Thiruvananthapuram is marked by strategic financial planning, thoughtful research, and prudent decision-making. By following these steps, you can navigate the intricate landscape of real estate investment, ultimately realizing your dream of owning a property that aligns with your aspirations and financial goals in this captivating region.
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Kochi Metro : Impact on Real Estate Industry
Kochi is a market just waiting to happen and it has all the potential to develop into a world class city. The infrastructure for such development is already in place. The connectivity by road, metro and ferry has improved and is in the process of getting better. The Kochi Metro Rail project may positively impact city’s real estate market. For many years, Kochi was not regarded as a dynamic real estate market. However, this started changing sometime back especially in the real estate front with leading IT companies making a beeline for the city. Metro rail project is the latest in the list for the transformation of Kochi. The metro has changed the real estate scenario of many cities, Delhi being the most classic example. The proximity to metro has become a major selling point for all the developers and realtors. It is true that owning a property near a metro station has its own benefits in terms of the future appreciation expected out of it. The adjacent areas of metro stations will also see a surge in property values, as people love the convenience of walking to the station to board the train. Additionally, the sale of such properties will also become easier as a large number of buyers try to buy property at such convenient locations. Varma Regent, compact apartments is being built at Edapally by the best property builders in Kochi. Taking into consideration the uniqueness and the sophistication of affordable luxury homes in the finest of the locations, Varma Homes have gone all out to constructing happiness. Varma Regent is one of the current ongoing residential projects of Varma Homes at Edapally. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. It demands immense courage and deep visualization to make a dream home come true. The unique combination transcend to a whole new realm of affordable 2 & 3 BHK luxury homes ranging between areas of 862 sq.ft to 1357 sq.ft. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi Metro Rail project commencing up to Edappally. Kochi Metro is the promising growth corridor of real estate in Kochi. The 13 km stretch metro rail between Aluva and Palarivattom will be open from May 2017. Before the commencement of flyovers, no other place in the city had this much of traffic passing through it, other than Edappally. However, the four-lane flyovers in Palarivattom and Edappally have cleared the traffic bottlenecks in these areas. Edappally enjoys a well-developed social infrastructure with many schools, hospitals, malls and shopping centres in the vicinity. Lulu Mall - India’s Largest Shopping Mall is just 2 km to the Varma Regent. People are well connected to the best and the biggest healthcare centers in town – Amrita Institute of Medical Sciences (AIMS), Kerala Institute of Medical Sciences (KIMS), Renai & Aster Medicity. Edappally Junction is the meeting point of NH 47 and 17. It manages to connect the city to most of its components, either directly or as an alternative route. The IT hub of Kakkanad and the Infopark also connect with the rest of the world through Edappally. All the above factors make Edappally a prime investment option in Kochi for both investors and buyers. Experts state that, now would be the right time to invest. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option.
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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.
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Why You Need To Do Real Estate Investment Now
When this 2020 rolled in, all was set to celebrate the colours of happiness, positivity, and love, but contrarily, we all got locked down in our homes. Due to this pandemic Covid-19, the whole world is facing a threat that will keep to haunt us for a long period. Individuals have seen crucial changes and disappointing depreciation of their investments. Moreover, the stock markets have crashed, fluctuating gold prices, equity funds and shares hitting a slashing low. So living in this period of crisis, we can realize that the best investment option is definitely investing in real estate. Hence let’s go through the reasons that will help you to better to think of investing in real estate during this lockdown period. Highest Of All Times ROI Based on data from NCREIF (National Council of Real Estate Investment Fiduciaries), realty market helped individuals to return an average of 9.85% over the past years. This is obviously higher than all other investments like equity funds, shares, bonds etc. Since real estate has high tangible asset value, no matter what is the current situation in the world right now, you can hold this asset tangibly that will increase its reliableness and return on investment. Supply and Demand Breakthrough Real estate is a tangible asset made up of property and the land on which it sits, and like other assets, real estate is also subject to supply and demand. Now the supply is less and during this time, supply-demand breakthroughs will remain to profit the investors. Investing in real estate during this time will definitely benefit the investors. Stable Investment In The Current Scenario Real estate is the best asset class in the investment hoop, as a more reliable choice offering steady returns when it compared to the highly volatile stock market like gold or stocks, that might comes with increased risks and you might lose money. But when you invest in the realty market and rent out the property you can benefit a lot. The rental yield from the realty market is much high than returns on any conventional sources of investment. So real estate is one of the best attractive and stable income return even in this lock-down period. Reduced Home Loan Rates In the wake of the Coronavirus outbreak, it is the right time for those who chasing a life goal to own their own beautiful home. With banks beginning to lower down lending rates, more individuals are expected to take the plus of the incentives to purchase residential property as the lower EMIs would nearly match their current rents. So if you are among them then no more waits, reap the benefits now! Significant Opportunities For NRIs To Consider Investing In Indian Real Estate Due to this crisis, NRI's coming back to Kerala post lockdown to settle their business, and so they will be looking for apartments which are as per their standards and within trendy design and construction. NRIs can turn this present scenario as the opportune time to invest in real estate on the shoulders of less home loan interests, currency devaluation etc. So go ahead, make its best use and realize your lifetime dream. In short, amidst this coronavirus outbreak all around, it should be better to think of making an investment in real estate that will give you major returns in the future. This Lockdown period Varma Homes, the top builder in Kerala offers apartments that stand for superb quality, comfort and happiness packaged with ample incentives transforming lockdown blues to knock down your dream apartment into reality with lucrative offers. Use this uncertain time to choose the best ever secure and safe investment which guarantees higher returns and notable appreciation. Book your dream asset with Varma Homes, we have affordable luxury apartments in Kochi, Trivandrum and Thrissur and make a happy ending during this lockdown period.
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What To Look For Before Buying An Apartment
LocationWhile 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.
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