From July 1 2017, Goods and Services Tax (GST) effectively cuts through a confounding Gordian knot of taxation complexity in the country. In other words, it will replace the multiple taxes levied by the state and central governments and will become incorporated of all the indirect taxes, including commercial tax, value-added tax (VAT), service tax, central excise duty and octroi tax/charges. The switch-over to the GST (Goods and Services Tax) regime is undoubtedly one of the biggest tax reforms in post-independence India.
GST has been primarily conceptualised as a ‘One Nation, One Tax’ philosophy and it will help:
• Eliminate the previous cascading tax structure
• Ease compliances
• Create uniform tax rates and structure
• Reduce additional tax burdens on consumers
The Indian real estate sector has been going through significant transformations in recent times. The latest Real Estate and Regulation Act (RERA) has already started addressing the issue of non-transparency and affixes a level of accountability on real estate builders and brokers which is exceptional in the history of the Indian property sector. For the real estate sector, the implementation of GST will definitely be a positive sentiment booster among property buyers. GST may not be instrumental over the short term in bringing down the prices of residential real estate. As the accountability being fixed at every stage and the perception of the residential real estate sector will improve on the back of a simplified tax structure, it will, however, benefit all the stakeholders of the sector.
A simple and transparent tax applied on the purchase price is the biggest advantage for property buyers. All under-construction properties will be charged at 12% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready-to-move-in and completed projects, as there are no indirect taxes applicable in the sale of such properties. In case of under-construction properties, levy of stamp duty and registration charges on the buyer will continue.
Under the current tax regime, a property developer is subject to central excise duty, VAT and entry taxes (levied by state) on construction material cost. On the services used (labour charges, architect fees, approval charges, legal fees, etc.), developers pay service tax of 15%. Real estate developers also grapple with the challenges of multiple-taxation and the cumulative burden eventually gets passed on to the buyer. As the benefit of input tax credit being considered as an added advantage, developers too will find the GST regime much simpler to work with.
Varma Homes is one among the best builders in Kochi offering high quality and new luxury apartments. We always create the best living spaces meeting the requirements of clients. If you are looking forward to buy new luxury flats and new apartments in Kochi, then contact us today. Call +91 9645 88 33 33 for more details.
Furnishing an apartment on a tight budget is of utmost importance for many individuals. It allows them to create a comfortable and aesthetically pleasing living space without straining their finances. When faced with limited financial resources, finding affordable ways to decorate and furnish the apartment becomes essential. You can find many apartments in Kochi developed on a minimal budget and with appealing aesthetics. In this guide, we will provide an overview of tips and tricks for affordable decor, enabling you to furnish your apartment on a tight budget. By following these strategies, you can transform your living space into a stylish and inviting home while maintaining financial stability. Set a Budget and prioritize.When furnishing your apartment, it's essential to determine a realistic budget to avoid overspending. Consider the following points to set your budget and prioritize essential items:1. Assess your finances: Take a look at your income, expenses, and savings to determine how much you can comfortably allocate for furnishing your apartment. Be realistic and consider any other financial commitments you have.2. Make a list of essential items: Identify the furniture and appliances you need to make your apartment functional and comfortable. This might include a bed, a sofa, a dining table, chairs, a desk, and kitchen appliances. Prioritize these items over non-essential ones.3. Research prices: Look into the average prices of the essential items on your list. Consider checking online marketplaces, furniture stores, and local retailers to get an idea of the costs involved. This research will help you set a more accurate budget.4. Allocate funds accordingly: Once you have an estimated cost for each essential item, allocate your budget accordingly. Determine how much you can spend on each item without exceeding your overall budget.5. Leave room for unexpected expenses: It's always a good idea to leave some buffer in your budget for unexpected costs that may arise during the furnishing process, such as delivery fees or minor repairs.Opt for Pre-Owned and Thrifted FurnitureTo save money while furnishing your apartment, consider exploring second-hand stores, flea markets, and online marketplaces, and also think about refurbished or repurposed furniture. Here are some points to consider:1. Second-hand stores and flea markets: These places often have a wide range of furniture options at significantly lower prices compared to buying brand new. Take your time to visit different stores and markets to find unique and affordable pieces that match your style. Antique stores will also have good furniture at affordable prices.2. Online marketplaces: Utilize online platforms like 99acres, Olx and Magicbricks to browse and purchase pre-owned furniture. These platforms often offer a variety of options, and you can negotiate prices with sellers.3. Refurbished or repurposed furniture: Consider buying furniture that has been refurbished or repurposed. These pieces have been restored or transformed, often at a lower cost than purchasing new furniture. Look for local artisans or workshops that specialize in this area.4. Quality check: When buying pre-owned furniture, make sure to thoroughly inspect each item to ensure it's in good condition. Check for any damages, stains, or signs of wear and tear. Functionality should be a priority, so test items like chairs or drawers to ensure they work properly. Builders in Thrissur develop apartments that are of high standard and able to withstand the climate and excruciating rain of Kerala.5. DIY projects: If you're up for it, consider taking on some do-it-yourself projects to give a personal touch to your apartment. Repainting, reupholstering, or adding new hardware to furniture can make a significant difference without breaking the bank.DIY and Upcycling Projects1. Explore do-it-yourself projects for furniture and decor items: Engaging in DIY projects can be a cost-effective way to furnish and decorate your apartment. Look for tutorials and inspiration online to create your own furniture and decor pieces. For example, you can build a bookshelf using crates or pallets, repurpose old wooden doors into a dining table, or create artwork using inexpensive materials.2. Upcycle existing items for a unique and budget-friendly look: Instead of buying new furniture, consider upcycling or repurposing existing items. Give old furniture a fresh coat of paint or reupholster chairs and sofas with new fabric. Get creative and transform items like vintage suitcases into unique side tables or old ladders into bookshelves.Focus on Multi-Functional and Space-Saving Pieces1. Look for furniture that serves multiple purposes: Opt for furniture pieces that have dual functionality, such as a sofa bed or a coffee table with built-in storage or a hidden storage solution. This hidden storage solution can save space and serve multiple needs, reducing the need for additional furniture. Builders in Kerala are giving more importance to these types of furniture to convert the cosy spaces to appear large yet functional.2. Optimize space with storage solutions and compact furniture: Builders in Thrissur maximize the available space in apartment by incorporating storage solutions like wall-mounted shelves, under-bed storage containers, or ottomans with hidden storage. Additionally, choose compact furniture options like a folding dining table or a wall-mounted desk to save space when not in use.Utilize Affordable Decor Accessories1. Incorporate affordable decor accessories like throw pillows, rugs, and curtains: These small touches can significantly enhance the aesthetics of your apartment without breaking the bank. Look for affordable options in discount stores or online marketplaces.2. Shop at discount stores and explore budget-friendly decor options: Visit discount stores, thrift shops, or clearance sections of home decor stores to find affordable and stylish accessories. You can find unique and budget-friendly items like vases, wall art, or decorative accents that add character to your space.Embrace Minimalism and Simplicity1. Focus on a minimalist design approach to save money and reduce clutter: Adopting a minimalist design style can help you avoid unnecessary expenses by focusing on simplicity and functionality. Keep your decor and furniture choices minimal, emphasizing clean lines and uncluttered spaces. Builders in Kerala cater to custom design based on each clients budget and hence clients can suggest them regards decors.2. Choose essential and versatile pieces that have long-term appeal: Invest in high-quality furniture pieces that are timeless and versatile, ensuring they will remain relevant even if your style preferences change over time. By opting for durable and long-lasting items, you can avoid the need for frequent replacements and save money in the long run.Take Advantage of Sales and Discounts1. Keep an eye out for sales, discounts, and seasonal promotions: Stay updated with the latest sales and discounts offered by furniture stores and online retailers. Many stores have seasonal or holiday promotions where you can find significant discounts on furniture and decor items. Take advantage of these opportunities to save money.2. Sign up for newsletters and follow social media accounts of furniture stores for updates: Subscribe to newsletters and follow the social media accounts of furniture stores and home decor brands. They often send out exclusive offers, discounts, and promotions to their subscribers and followers. This way, you'll be among the first to know about any upcoming sales or special deals.ConclusionFurnishing your apartment on a tight budget is not impossible. Remember that creativity and resourcefulness are key when it comes to furnishing your apartment on a budget. Don't be afraid to think outside the box, repurpose items, and find unique solutions to create a space that reflects your style without breaking the bank. With a little effort and smart decision-making, you can turn your apartment into a comfortable and inviting home while staying within your budget. You can also prefer ready-to-occupy flats in Trivandrum which is build on budget-friendly packages.Read More
Varma Homes takes the deepest plunge to make happiness, possible. Varma Regent, compact apartments is being built at Edapally by the best builders in Cochin. 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 Homes, we are the best property builders in Kochi offering new luxury flats, apartments, and residential projects in Kochi, Trissur, and Trivandrum. The art of design is a craft only a few are blessed with. It takes passion, drive, and immense courage. On a mission to Construct Happiness, Varma Homes, the best home builders in Kerala are on the path towards pioneering exquisite lifestyle. The world is moving faster than you can imagine. There's always a need and the urge to be different. To standout in the crowd and make every second count. Every choice noticed, with envy. There's a corner in the world where the entire bustle melts away. And there's nothing like going back here – an affordable luxury place you can call your own, here at Varma Regent. Varma Regent is the current ongoing residential projects of Varma Homes at Edapally. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi metro commencing up to Edappally. It takes 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. We know how important it is to have an inside that is as beautiful as your outsides. Our insides are carefully done, giving the terms affordable luxury and comfort a whole new definition. The NH 47 provides swift access from the City to the outskirts and beyond, a city within the city. Ensuring that socializing and shopping are catered for at ease, indulge in a shopping spree at the popular lifestyle shopping destination of the South. People are well connected to the best and the biggest healthcare centers in town – AIMS and Aster Medcity. Everybody is good at something. For Varma Homes, it's building living spaces. To build a place where one can find all the comforts and finally call it home is what we do best at its best. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option. Register your interest now!Read More
Materials are the solution to a well-functioning building, as an excellent structure can only be achieved with high-quality materials. When you buy a house or a flat, it is essential to have clear information regarding the quality of the products used at the time of booking. The materials used have a significant impact on the construction quality. The choice of building materials will determine the ultimate durability, longevity, and style of the building. That is where Varma Homes reigns high as the top builder in Kerala. At every step of construction, Varma Homes ensures quality to build a dream home because we value customer happiness above all. It can be difficult to choose the best product option for diverse needs. Therefore, in the construction industry, material selection is an important part as a number of aspects must be considered. As a trusted building partner in Kerala, projects of Varma Homes achieve optimal results by selecting a product or brand that mainly focuses on the following factors:1. Supreme quality: Only high-grade materials are sought after for all our projects, and hence we choose a brand that serves this purpose. These supreme products are capable of adapting to the varied climatic conditions without degenerating. The materials we select ensure the longevity and strength of the building structure, thereby becoming a profitable future asset for the user. 2. Availability: Brands with readily available stocks are another major factor we prefer. The availability of materials determines the finishing time of a building. Locally obtainable materials are our time savers, through which our work gets smoothly completed. This is one of the reasons why we earned the title for completing 6 projects within a span of 5 years ahead of schedule. 3. Cost: When searching for different types of construction materials, the prices have soared and always vary greatly. We believe that looking for the cheapest products is not always the best option because, if we don't consider their lifespan, we may end up having to restore them frequently, which is costly. We pick only construction materials that are both cost-effective and will last a long time. 4. Service: A great product gains our trust and we would vouch for it in the future too. Service is a pivotal aspect that strengthens a project from its inception to completion. As success is a combined effort, we opt for materials that provide us with the best service. By doing so, we have risen to great heights. When we choose vendors certain other points are taken into account such as:1. On-time delivery: We only work with vendors who deliver products on time, every time. Even minor project delays might result in dissatisfied consumers and financial losses. As a result, we only work with vendors who produce products on time to avoid delays in our work. 2. Wide selection of materials: A great vendor would have a wide variety of items and supplies on hand. This way, we can get all of the goods we need in one place. This helps us save time by eliminating unnecessary delays in procuring from various providers for various projects. 3. Proven experience: Using a supplier who hasn't been around for a long time is always a risk. That is why we take care to collaborate with vendors who have extensive experience in this industry. Senior managers and the sales team of Varma Homes are involved in deciding on the brand or material for a project. We choose the final brand or material only after considering their suggestions. The most important thing is that we never cut corners on material quality to save money. During the material selection process, the purchase department of Varma Homes places the greatest emphasis on this element. Sustainable InitiativesExtensive experience has shown us how much waste is generated in the construction of not only buildings, but any structure for that matter. We intend to employ every component that goes into construction cautiously and properly in our projects for a productive cause. We also have an IGBCE LEED Certificate in this area. Since its inception, Varma Homes has effectively established itself as one of Kerala's most trusted builders. We started with residential developments in Kochi and then expanded to Trivandrum and Thrissur. Our main launches will take place in Calicut and other major cities in the near future. It is our full-time goal to provide the best value and service in our price range, and we've succeeded time after time. It is because we believe in constructing happiness for everyone by fulfilling their dream abode.Read More
The popularity of multi-generational houses and apartments started to grow during the COVID outbreak. This has influenced certain lifestyles and also triggered new trends. Generations see the benefits of co-living apartments that appeal to a multi-generational society, from seniors to middle-aged couples, from new parents to young people. The pandemic has taught everyone to stick together, support and encourage each other during an emotional crisis. Let's see why multigenerational living has become the most advantageous and interesting thing right now:1. An Affordable Option: When various generations live together, they can afford considerably more comfortable and luxurious residences than they could if they lived separately. This financial flexibility can simplify home maintenance and other utilities as well as household expenses. It also makes it easier for people to save more money for essential things like retirement, vacations, and educational funds.2. Safe & Secure Environment: With more people, there is usually someone at home to watch the house and make sure it is not empty. And, with adult children and grandchildren nearby, elderly parents or grandparents can seek help much faster than if they lived alone if they fall or have a medical problem.3. Emotional Backup: Living together can develop a priceless connection among children, parents, and grandparents. This is certainly relevant when they have a residence that is well-suited to individual requirements, personalities, and interests. Giving moral support and being present during critical circumstances are irreplaceable moments that only multi-generational living can offer.4. Improved Work Efficiency: With the older generation, youth management can be as easy as a cake. Parents may use some help, whether it's with mentorship or schoolwork. Chores, cooking, shopping, and other requirements can be divided and completed much more quickly. Younger people can tolerate strenuous physical labour, while older adults can handle less physically demanding tasks.5. Instil Feelings of Partnership: Your children will learn that all members of your family contribute and help each other. They become aware of and are influenced by the perspectives and love of the older and younger generations who live with them. This allows them to appreciate the wisdom that comes from strong family ties and expand their horizons in constructive ways.6. Easy on the Guardian: It would be stressful for the family guardian to care for the sick parent or grandfather if they weren't living with them and staying away. It's hard to constantly go back and forth to their parents' homes to care for them and back again as they juggle their home and family. It therefore becomes even more important to develop a multi-generational home.7. No More Sense of Loneliness: Isolation is a huge issue in our culture today for all generations. On the other hand, older people feel needed, involved, loved and valued when their extended families live together. The children receive much more help, guidance, and time with their families. Everyone will feel less alone. This may be a win-win situation for everyone if healthy family relations are in place. 8. Happier Work Settings at Home: With the latest remote working opportunities from companies, people are able to enjoy more flexibility and work from the relaxed and joyful atmosphere of their apartment. This structure led to fewer burdens and stress-free lives, which also steered them to greater productivity in their work.Varma Homes - Creating Multi-generational Constructs Since its inception, Varma Homes has established itself as one of the most renowned builders in Kerala. Our expert team has skillfully crafted apartments that can inhabit the desires and preferences of every generation. Own a safe and smart apartment where generational gaps are never an issue since we cater to the diverse mindsets of multiple generations and professionals. Going with the flow and following current trends has always been our motto, which is the recipe for our success and the reason why our stakeholders trust us. We present a modern lifestyle of luxury, convenience, and comfort, with the most advanced facilities and eco-friendly features. We started with residential developments in Kochi and then expanded to Trivandrum and Thrissur. Our major launches will be in Calicut and other major cities in the near future. You have a number of apartment options to choose from depending on your requirements and budget. Choose the one that best suits your multi-generational family! For more information, contact us on 96458 83333.Read More
Real estate Industry is beholding an intensifying growth with positive revolution due to the improved transparency in the industry. Several Government reforms and the implementation of RERA have made the investment in realty market secured and easy. Real estate Builders are more careful than ever when it comes to construction quality and timely completion. Given the ever-rising number of builders and real estate projects, it is often a difficult task to pick one. The reason for which you purchase would assume a crucial part of the decision-making process. Some purchase a home for immediate occupation and some purchase for an investment choice. While most of the home buyers prefer to opt for ongoing projects, let’s take a look at a few of the benefits of investing in an ongoing apartment project: Price Discounts Offered: This is unquestionably the main benefits for apartment buyers with regards to booking ongoing projects in prime locations. The key intention is to grab the potential home buyers, to steady the cash flow and to make the credibility. So, if you book ongoing projects in the heart locations of the city, you make certain to get incredible offers or discounts. Most of the builders offer price discount on the final property estimation for the individuals who book an apartment on the ongoing stage. Many Options to Pick From- During the ongoing stage, only few of the apartment in the property may be reserved. This gives you better adaptability in picking a home of your decision. Be it regarding the Vaastu consistency, the floor plan decisions, floor number or closeness to any of the apartment facilities, you can pick a house to coordinate all of your necessities. However, once the ongoing stage is finished and there are more purchasers, you would have restricted options. Great Investment- If you can wait for a couple of years to move in ongoing apartment projects of the reliable builder, then it will be definitely a great investment. Particularly due to the appreciation value of the ongoing project. If you pick one out of a likely area, you make certain to get noteworthy appreciation costs when the construction work is completely done. Choose Varma Homes, The Best Builder in Kerala For Your Dream Home! Looking to book an ongoing apartment project in Kochi, the hub spot of real estate market in Kerala. Compared to other cities, it is the best place to settle down with family or as a bachelor, here you find Kochi as affordable to live, more convenient and accessible. Being the leading and the most reliable builder in Kerala, you can trust Varma Homes for your dream home! We have our ongoing projects in top locations of Kochi, Trivandrum and Thrissur. We build luxury homes with all the high-end facilities. We have a devoted group of experienced and profoundly skilled experts who are focused on realizing your dream home with a high value on your investment. If you are looking to have your dream come true home in Kochi, then come and feel the lavishness in our extravagance ongoing apartment project in the city of Kochi like Thiruvankulam & Tripunithura. Here are our 2 & 3 BHK Luxury Apartments with all the modern amenities. Located in the prime regions of the city, which are crafted with the finest care to detail and provide home buyers with an opportunity to experience a lifestyle that echoes the ethos of the city. Booking is now open for the projects Varma Padipura (Ready To Occupy) & Varma Bougain Heights (Work in Progress) with extra add on benefits. New projects are launching soon in Kochi at the locations – Vyttila, Vennala and Elamakkara. And more projects are also coming in the cities of Thrissur and Trivandrum as well. So, book your dream apartment in Kochi with us, great experiences are just around the corner!!!Read More