There are numerous things to think about when purchasing a luxury apartment in Trivandrum. This
purchase will allow you to build the home of your dreams for your family. As a result, you should
think carefully before choosing which property to consider. The location and surroundings need to
be considered first and foremost.
You shouldn't settle for a bad neighbourhood. It ought to be a tranquil neighbourhood with
considerate neighbours and a reliable security system. Additionally, it should be close to all of the
important amenities like hospitals, schools, and colleges.
Following this, you can consider additional elements including the apartment's location, size, and
facilities. Check to discover if there are any additional amenities like swimming pools, gyms, or
recreation areas available.
It is crucial that tenants have all of these amenities in their residence, in addition to a number of
others, if you are purchasing an apartment to rent out to tenants.
The second thing to think about is how long it will take to go to municipal amenities. Purchasing a
luxury apartment in Trivandrum, especially one within the city limits, can be expensive and
occasionally exceed your budget. Go for it if you can afford it.
When buying a flat, it's crucial to keep the apartment's location in mind. The apartments in
Trivandrum should be situated so that staying there would satisfy all of your needs. It should be
close to reputable hospitals, schools, and markets, as well as other amenities like post offices and
ATMs.
You shouldn't have to worry about anything while visiting if it is safe, tranquil, and has little to no
crime. The neighbourhood in which the home is situated is crucial because, if all goes well, it will
make your decision simple.
The cost of the home should not exceed what you can afford to spend on it and should fall within
your budget.
If at all feasible, seek assistance from a professional or real estate agent who can inform you on the
neighborhood's location and other amenities as well as the average cost of homes there.
Visit the region if you can so you can see how much room is available there and what amenities,
such as hospitals and schools, are close to your home.
The second factor that should be carefully studied before buying a flat is the pricing. It needs to be
reasonably priced and within your means.
The property's location is a crucial consideration while choosing it. You will have to spend more
money on transportation if it is not at a convenient location. Therefore, it should be in a good
neighbourhood with all the essential services like markets, hospitals, and schools.
Before buying a home, there are a lot of factors to think about. If at all possible, visit the property to
examine what is offered before making a decision.
It is crucial to be aware of the infrastructure quality in the area where you are purchasing a home. It
is challenging to investigate this before you purchase a property, nevertheless.
Therefore, if at all feasible, ask others who have already purchased properties in that area.
Before buying a property in any city, you must also take into account a number of other factors. A
real estate broker or an expert should be consulted before making a decision.
The neighbourhood where you plan to buy a house should have a strong sense of community. This
will assist you in meeting new people in the area and having fun with them.
Due to the rapid market change, now is the ideal time to invest in or purchase residential properties,
flats, and apartments in Trivandrum. One of Trivandrum's most reputable and trustworthy builders,
Varma Homes, provides high-quality residential buildings with top-notch amenities in excellent
locations.
Due to the amount of urban development and the improvement in people's financial circumstances, the way of life of the people in Kochi is constantly changing. Additionally, the cost of land and houses have now grown due to Kochi residents' shifting lifestyles. As a result, there is a much greater demand for apartments and flats in Kochi.As the leading builders in Kochi developed innovative projects aimed at the salaried classes and high-profile individuals, including NRIs, the sector has experienced a surge in growth. Additionally, banks have done their share to lower the interest rates on house loans. Professionals and businessmen from all sectors are migrating to Kochi these days, and there is therefore a significant demand for flats and apartments in the city. Even for individuals who do not live in the city permanently, having an apartment or a flat in Cochin is thought to be a good option. Kochi is the most favoured city to reside in due to how easily accessible everything is. It is also perfect to live in Kochi close to the city's top hospitals, shopping centres, commercial districts, academic institutions, and airport.The number of property buildings from the greatest builders in Kochi has expanded as a result of the district's abrupt development. Even the banks have lowered the interest rates on mortgages in light of the expansion of the real estate market.The initiatives are mostly aimed at professionals, NRIs, and other salaried individuals who want to relocate to the "Queen of Arabian Sea."Why have Flats in Kochi??Even if it's not for living in, having an apartment in the city might be advantageous because many professionals can find apartments close to their place of employment. The benefit of the rental option goes to the property owners who have apartments close to the infopark and apartments close to Kakkanad.Since many government offices and the Infopark, Kochi's IT hub, are located in Kakkanad, these two areas are the key draws for IT professionals and government employees.Main Attractions of Kochi!!The demand for houses in the primary shopping destination regions expanded even further with the recent construction of the highly regarded malls in Kochi. The LULU mall in Edapally is the best illustration. When compared to other important areas in the city, Edapally has a larger density of properties.The projects from the builders, such as Retirement Living, which primarily targets retired people for quiet living with individuals of the same category, are another aspect that contributes to the changing lifestyle.The expanding Metro, which connects all of the city's key locations, is another benefit that contributes to the changing lifestyle because the key locations can be reached in a split second. And it's advantageous to live close to a metro station.Additionally, it is advantageous to be close to Kochi's top medical facilities, shopping centres, business districts, academic institutions, and airport.A Place For EveryoneEven residents of different states and districts choose to remain in the city because it offers all the essential services and necessities. Flats in Tripunithura and those close to the infopark, where there are many young people, are in high demand.Kochi is the most popular city to live in due to its simple accessibility via road, rail, river, and air transportation channels. Even those who are not permanent residents find Kochi to be excellent given the current state of investment and commercial prospects. Kochi may also be the parent of individuals from various locations.Since individuals desire to enjoy a lovely view, the demand for apartments that face the Arabian Sea is considerably higher. Due to the view's proximity to the port and the sunset, they also favour it.The demand for waterfront apartments from residents of other regions of the state is consistently high. As a result, there is a greater need for a higher standard of living. People in naive places are also in greater demand for apartments. In addition, they want to see how city dwellers live.Given its rapid urban development, Kochi offers builders a wealth of opportunities. They have the capacity to serve as the foundation for innovations that reach extraordinary heights. If you are looking forward to buying affordable apartments in Kochi, pay a visit to Varma Homes sample apartments.
Read MoreVarma homes have just started the piling process of our very new project Varma's Spectrum in Poochatty. Everyone has heard about the term - Piling from the construction industry. Being a committed builder who has been in the construction industry for more than a decade, team Varma is committed to provide you with information from the industry which is extremely essential for customers to do a quality check of the construction. What is Piling ? It’s much known fact that the foundation of any building need to be strong enough to bear the load which can be vertical as well as horizontal in the events of earthquakes, heavy winds and hydrostatic pressure. Things should be done with foresightedness where to avoid any damage or calamity to the buildings, foundation should be done considering diverse conditions. The texture of the soil and waterlogging nature can also become factors to create a strong foundation. A strong piling is required in such cases, where long structures made of steel, concrete or reinforced steel are driven deep into the soil which ensures an even distribution of building loads over a big surface area. It is much essential for residential building to ensure strength in areas where soil is loose, that is basically in river banks, sea shore and dried up water bodies. For commercial properties its highly recommended as the load will be higher and also in cases where soil is weak. Advantages of piling There are many advantages for the entire building construction if a strong piling is done. The piles can be created in any size or length which reduces the construction time which is done with much planning and reduces less supervision when compared to shallow foundations. Effective use of piling in building construction ensures that building can take more loads than regular foundations. Types of piling • End bearing piles• Friction Piles• Direct Mud Circulation Piles• Rotary Piles• Sand piles A structural engineer of a building is the one who decides if there should be a pile foundation for your building. In most of the cases, its done for apartment projects and the type of piling solely depends on the number of floors and amenities in the same. A soil test is done to check the nature of soil including water content, salinity and corrosiveness which would determine the capacity of the soil. Varma Homes ensures the best quality and enforces reliability in every projects that we do and ensure the best construction principles in all our sites.
Read MoreWhen you make real estate investments, you start building your equity. This asset becomes part of your net worth. Building equity gives you the leverage to acquire more properties and significantly boost your income and cash flows. A significant advantage of real estate investments is the potential for diversification. By adding real estate to your investment portfolio, you can make it more stable, reduce volatility, and gain higher returns for each risk unit. While the returns can fluctuate, they are still likely to be higher than those provided by other asset classes.Basic Real Estate Investment Strategies in KochiReal Estate Investment Strategies for Beginners in KochiInvesting in real estate in Kochi can be very rewarding. It's the largest city in Kerala and the most cosmopolitan, and on its way to becoming a smart city. It continues to attract investors and families who want to settle there. But before you take the plunge, there are certain things you need to know.Understand the BasicsThere are different types of real estate like industrial, commercial, and residential properties, and within residential you have individual homes, villas in gated communities, and flats in Kochi. Each type has a different potential for returns. The location of the property is critical - research to see locations with high demand. Proximity to markets, workplaces, transportation, healthcare, educational institutions, Kochi metro, etc. is important. Analyze the Kochi real estate market, and study recent price trends, current prices, and other economic indicators, before making your investment decision.Set Clear Investment GoalsIt's important to know the reason you are investing in real estate - quick profits, stable income, or long-term wealth. Calculate the initial investment like down payment, renovation expenses, registration, etc. This will help you in finding properties within your budget.Risk Tolerance and Financial PlanningIt is critical that you evaluate your risk tolerance, as investing in real estate is also subject to risk. Your investment strategy must be in line with your tolerance level. You should have a comprehensive financial plan that includes your budget for initial investment, a returns forecast, and a backup plan to exit in case things go awry.Different Real Estate Investment Strategies in KochiAll strategies are vulnerable to market volatility. Depending on your risk tolerance, you can choose from among these popular strategies of real estate investment:Property FlippingThis refers to buying property and selling it at a higher price, sometimes after making improvements to it. This can help you make quick profits and is a good short-term investment. However, it necessitates heavy capital investment initially.Renting PropertyRenting out living spaces provides a stable income along with the potential to accumulate wealth in the long run and save tax. Bear in mind that you need to actively manage the property to ensure it stays in great shape to attract tenants. You can also hire property management professionals to do that for you for a small fee if you don't have the time to do it yourself.Real Estate Investment Trusts (REITs)This avenue offers liquidity and a passive income and helps diversify your investment, but you have to pay management fees, and you have little control over property decisions.Commercial PropertyRents and resale of commercial property offer much higher returns than residential, and you have longer lease durations. However, the transactions are more complex, and the capital outlay is very high.Property Types and Strategies in KochiRental Property Investment Strategy in KochiRental property investment can bring significant rewards in the long run. Here are some tips:Investing in Rental PropertiesLook for localities in Kochi with potential for property value appreciation, and high demand for rental properties. Define your budget, as we mentioned before. Check out financing and interest rates. When you find the right property, do your due diligence, evaluate it professionally, and negotiate a price. Do a thorough background check of prospective tenants - check credit ratings and ask for references.Managing and Maximizing Rental IncomeIt is essential that you maintain and improve your rental property regularly to attract and keep your tenants. Get repairs done immediately, and address the concerns of tenants promptly so that you have happy clients. Check prevailing market rates and offer competitive rates to ensure your property doesn't stay vacant. Ensure that lease agreements cover all details of rent, tenant responsibilities, eviction, and more. You can hire a company to manage your property for a fee if you don't want to do it yourself. They will handle all routine tasks. Familiarize yourself with tax benefits like the various deductions you can avail, etc.Commercial Real Estate Strategies in KochiCommercial real estate can be very lucrative. Let's check it out:Introduction to Commercial Real EstateIndustrial facilities, retail spaces, warehouses, office spaces, etc. are the different types of commercial properties in Kochi, each with its own dynamics and potential for returns. Just as for residential, the location of commercial property is also important. Study the market thoroughly and learn all about rental rates, demand, vacancy rates, and more for various types of commercial property in Kochi.Evaluating and Managing Commercial InvestmentsDo your due diligence before you buy commercial property - zoning regulations, appreciation potential, and condition of the property. Diversifying your tenant base can lower risk if you have multi-tenant properties. Negotiate lease terms properly and draw up a comprehensive agreement, mentioning rents, durations, and tenant responsibilities. Think of consulting real estate agents, accountants, and lawyers to get the best deals.Long-Term Investment Strategies in KochiThese help accumulate wealth over the years.Benefits High quality real estate properties usually increase in price in time and help in wealth accumulation, with rental properties providing a steady stream of income. You also get tax benefits as discussed. Diversification in your investment portfolio is made possible, lowering your risk.Buy and Hold StrategyProperties are bought, and sold after a prolonged period, giving you benefits of long-term appreciation, and leading to significant accumulation of wealth, helping you have an excellent quality of life.Tax and Finance Strategies for KochiReal estate investment offers several tax benefits. Here's how to maximize the benefits:Tax Advantages and DeductionsYou can claim deductions on property depreciation, interest payments on housing loans, maintenance and property management fees, insurance, and property taxes. Offset rental incomes and reduce your tax liabilities. When you hold property for a long time, you can avail reduced capital gains tax.Structure Investments for Tax EfficiencyIf you want more tax benefits and liability protection, you can form an LLC to hold the investments. You can also reinvest the proceeds from one property in another property or in long-term locked-in investments.Real Estate Investment and Finance Strategies in KochiIt is critical to structure your real estate investments. Here are some tips:Different Financial StructuresThe simplest form is to hold the property in your name, where you increase liability. You can form an LLC to reduce liability and tax and have more flexibility. REITs are publicly traded, are liquid, and help you diversify.The Role of LeverageYou can reduce your initial investment by using loans to finance your investments. It can increase your returns, but is also risky. Ensure that the rent amount covers your installments and other costs.Tips on Securing FinancingIt is imperative that you have a robust credit profile; compare different lenders to get the best deal, and be ready for down payments. Have an exit strategy to pay back loans, and have a backup plan to meet sudden expenses or property vacancies.Alternative Investment Strategies in KochiBRRRR Investment Strategy in KochiThis stands for Buy, Rehab, Rent, Refinance, Repeat. In this strategy, people buy property for a low price, spend some money to renovate it, give it on rent, and refinance it to buy another property and repeat the entire cycle again. This strategy helps to expand your portfolio, and gives you the edge of having several properties, putting you in an advantageous position to negotiate for better prices on labor and materials.Real Estate Investment Trusts (REITs) in KochiREITs enable investors to participate passively in the real estate market. It's a type of investment whereby individuals can invest in a diverse portfolio of real estate properties that earn income. They are publicly traded and hence liquid.BenefitsREITs can be traded like stocks, allowing investors to quickly enter or exit the market. You get exposure to a range of properties, residential and commercial, spreading your risk. It provides a steady stream of income, and as they are managed professionally, you save time and gain from their expertise.Selecting and Monitoring REIT InvestmentsResearch a REIT intensely before investing - track record, management, portfolio etc; check if it is in line with your risk tolerance. Diversify your REIT investments across property types and geographies to spread your risk. Look at the history of its dividend, and how consistent it is. Check important metrics that convey its financial health. Monitor the market trends in Kochi and the economic conditions that may impact properties in its portfolio. You must review the holdings frequently to ensure they will help reach your investment goals. It's a good idea to consult a financial expert who can guide you in your real estate investment and make the right recommendations.ConclusionReal estate is one of the most lucrative investments that you can make in Kochi, Kerala. Just as with any investment, real estate investment in Kochi is also subject to market risks, and one must do thorough research and due diligence before finalizing any investment. Make sure that the property you choose is from a reputed real estate developer known for high-quality construction and transparent dealings.
Read MoreMaking life’s important decision as to where you rest your head all night and how you live your day life can be a daunting chore. When it comes to selecting a place to call home, there are various factors to be considered. These factors may comprise the location, size, amenities, price of the apartment and many other things. Among these, location is the most important factor when it comes to selecting an apartment. As one of the top reputed builders in Kerala, Varma homes is grabbing the attractions of customers with its specialties and location benefits of their apartments. All the apartments of Varma home is located in the realm of the major prime locations of Kerala like Kochi, Trivandrum and Thrissur. If you are searching for the perfect locality that lines hospitals, malls, educational institutions, markets and many other facilities in the heart of Trivandrum city then buying your dream apartment in Poojappura, would be most ideal. You can find Dr. Pai's Heritage at Poojappura, a prime residential locality for house seekers in Trivandrum based on your budget and other preferences. It is a 2 & 3 BHK super luxury apartment with most alluring amenities for a comfortable living. Insights into Locality of Poojappura Poojappura, is recognized as "The heart of Trivandrum”, located on the banks of Killi River. The place is growing quickly to become the prime residential hub in close to future. It is well-known for pronounced historical heritage backed with its magnificence of cultural diversity. It is a place that fills the heart of a traveler with its splendid temples, picturesque beaches, museums, art gallery and what else! There are a number of reasons that make this city a place worth for living. It has amenities and aesthetics no other city has and has an unbelievable equilibrium. The region has earned a divine significance owing to the existence of major ancient temple like Padmanabhaswamy temple. It is very popular and one of the oldest Vishnu temples in India. This ancient temple is famous for its architectural splendour, artistic murals and granite carvings. The Padmanabhaswamy temple stands out from the rest of them in Poojappura for its sheer architectural beauty. The place has also close proximity for its neighborhood ancient temples like KillipalamMahadevar Temple and Kanthalloor Sri Mahadevar Temple. For a place with an astonishingly serene and divine atmosphere, where you get the chance to immerse in devotion is a good family option to live in. The zone is closely set amidst various milestones places like PRS hospitals and Chalai Bazar. Schools, colleges, hospitals, ATMs, markets and shopping centers in proximity makes Poojappura as the premium alternative for all property seekers. Trivandrum Bus Station and Central Railway Station facilitate in the easy accessibility to many key nodes in and around the suburban area. Poojappura has excellent connectivity to major cities also. The place has very close proximity to Trivandrum International airport via Salem- Kochi-Kanyakumari highway. Though reputed educational institutions draw the imagery of Poojappura on one side, the place is booming with copious possibilities and massive developments on the other. Because of the rapidly developing infrastructure and facilities of Poojappura, most of the people are opting to live here. It is fast developing into a cosmopolitan zone too with the dawn of its IT hub, the Technopark, largest in Asia, where people from all over the world come to work and live. So it is another landmark of this place which makes it the most demanding zone for residing. And laterally with its scenic backwaters, historical monuments, beautiful beaches, the city is well placed on the tourist's bucket list also. The upcoming Sports hub and Lulu Mall are expected to intensify the repute of Poojappura further, making it more wanted for the ones who want to buy an apartment here. With so much to offer, Poojappura is a great place to live in. Dr. Pai’s heritage is standing as the major milestone of Poojappura to pay a world-class living to patrons. So why you waiting, head on to Varma Homes, invest for this super luxury apartment and get guaranteed returns.
Read MoreProperty valueThe property values in Kochi have steadily increased throughout the years. Purchasing a flat in Kochi may bring excellent returns on investment as property values rise over time. Kochi is strategically positioned in southern India and is well-connected to the country's other main cities. This makes it an attractive place for businesses to establish themselves and for people searching for a well-connected house. It features a first-rate infrastructure in terms of transportation, healthcare, education, and other necessities. This makes the city an appealing location to live and work, which boosts property values.Rental incomeKochi is a significant commercial hub that draws a large number of individuals who come to the city for jobs or education. Investing in an apartment in Kochi may produce a consistent rental income, making it a good investment choice. In addition to providing a steady stream of income, the property's returns or rental income will be inflation-adjusted. The rental yield for flats in Kochi is around 4-6%, which is relatively high compared to other cities in India.Lifestyle BenefitsKochi is a lovely city with a rich cultural background, and buying an apartment there gives you access to a variety of lifestyle amenities including parks, retail centers, and recreational facilities. The city also includes a number of parks and green areas that provide a welcome respite from the rush and bustle of metropolitan life. It has a reduced cost of living than other major Indian cities. This makes it an excellent choice for people seeking a pleasant living without breaking their wallets. It offers multiple well-equipped hospitals and healthcare facilities, making it a perfect location for individuals who desire convenient access to quality healthcare. It also has an extensive network of buses and trains, making it simple to get around the city and visit the surrounding areas.Tax benefitsThe local government imposes a property tax on properties in Kochi. Property taxes in Kochi are cheaper than in other major Indian cities. Property owners in Kochi can also get tax breaks on the interest they pay on their house loans. Subject to certain criteria, residents can claim tax breaks on capital gains on the sale of their homes. Kochi has a Special Economic Zone, which provides many tax breaks to enterprises that operate within it. These advantages include tariff and tax exemptions on items imported or exported from the zone.Rich CultureKochi has a plethora of cultural attractions for visitors to explore. This dynamic city has plenty for everyone to explore and admire, from traditional dance and art to historic buildings and delectable cuisine. It is well-known for its exquisite food, which includes a broad range of vegetarian and non-vegetarian meals. Appam, puttu, and fish curry are among the must-try delicacies in Kochi. Here, you get a glimpse of Muziris Biennale, which is the best festival to attend because of its upbeat atmosphere created by artists, musicians, dancers, and cuisine. You would not be startled to hear Hindi or any other language in this city because many people speak Hindi and other languages. Metro exposureThe introduction of the Kochi Metro has transformed the face of Kochi, making it easier to go to most destinations inside the city without getting stuck in a frustrating traffic jam. Kochi's public infrastructure has been updated, and the Kochi Metro has improved the city's brand image. As a result, there has been an increase in demand for homes near metro stations, which has bolstered the real estate industry.Kochi is seeing an increase in demand for luxury apartments, with numerous developers developing high-end developments in the city. This gives an opportunity for individuals wishing to invest in high-end properties with substantial profits. Purchasing flats in Kochi may be a smart investment for people seeking a consistent rental income, capital gain, and a developing market for luxury apartments.
Read More