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Investing in Luxury Flats in Kerala: A Smart Choice for Your Financial Future
If you are investing in Kerala, there are various advantages to buying a luxury apartment. You will undoubtedly need a justification to bring up such a sizable purchase, and this in-depth post will provide justifications for why you must purchase a luxury apartment in Kerala.
People who are not satisfied with just any kind of residence and the demand for luxury flats in Kerala may fluctuate at any given period. It is motivated by the rising standard of living, the desire for the good life among historically rich families, as well as the luxury property buyers who do so for valid reasons.
When it comes to investing your hard-earned money, there are countless options available in the market. However, investing in luxury flats in Kerala can be a smart choice for your financial future. Kerala is a popular destination for tourism, and the real estate industry has been booming in recent years. In this blog, we will explore the reasons why investing in luxury flats in Kerala can be a wise financial decision.
High Rental Returns
Kerala is one of the most popular tourist destinations in India, with its serene backwaters, pristine beaches, and lush green landscapes. This has resulted in a high demand for rental properties, especially during the tourist season. Investing in a luxury flat in a prime location can provide high rental returns, making it a lucrative investment opportunity.
Appreciation of Property Value
Kerala has seen a significant rise in the real estate market in recent years. The demand for properties has increased, resulting in a rise in property prices. Investing in a luxury flat in a prime location can provide high returns on investment, especially when the property value appreciates over time. As a result, investing in luxury flats in Kerala can be a wise financial decision in the long run.
Tax Benefits
Investing in real estate in India provides several tax benefits. Investors can avail tax deductions on the interest paid on home loans and can claim deductions on property taxes, maintenance charges, and repairs. Additionally, if the investor rents out the property, they can claim tax deductions on rental income and depreciation.
High-Quality Construction and Amenities
Luxury flats in Kerala offer high-quality construction and amenities, including 24/7 security, power backup, swimming pools, gyms, and more. These amenities provide a comfortable and luxurious lifestyle, attracting high-end buyers and tenants. The construction quality and amenities also play a vital role in determining the resale value of the property, making it a lucrative investment opportunity.
Stable Real Estate Market
Kerala's real estate market has shown stability over the years, with steady growth in property prices. Unlike the stock market, real estate investments are relatively stable, providing long-term benefits to investors. Investing in luxury flats in Kerala provides a stable and secure investment opportunity, which is beneficial for investors looking to secure their financial future.
Investing in luxury flats in Kerala can be a smart choice for your financial future. The high rental returns, appreciation of property value, tax benefits, high-quality construction and amenities, and stable real estate market make it a lucrative investment opportunity. However, like any investment, it is essential to conduct thorough research and due diligence before making a decision. Working with a reputable real estate agency can help investors make an informed decision and maximize their returns on investment.
Varma Homes is one of the famous builders in Kerala offering an array of choices for those who are looking for the Best Flats in Kerala. If you are planning to buy Budget flats in Kerala, I would say it is a wise choice. We have our projects across Kerala. You can trust and invest in our projects; our executives are always ready to help you. You just need to make a call, and we are there to suggest the best option for you. Your dream is just a call away!
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Why Do People Look Forward To Shifting Into Larger Homes?
Owning a dream home or apartment is everyone’s wish list. The size of the home is one of the crucial factors for your home-buying decisions. In early times people first purchase a small flat and then move into a bigger home once they have a bigger family. Buying a spacious house isn’t going to get any inexpensive in the next 10 to 15 years, needless to say, the inflated interest rates when it comes to taking a loan. Therefore, now purchasing a larger apartment such as a 2 or 3BHK is a sensible choice as compared to waiting to buy it later. Before buying, you need to consider the future appreciation of property rates, amenity factors and other lifestyle. So let’s have a look at the benefits of shifting into a larger apartment. Various generations under one roof By living in a bigger apartment, all generations can easily thrive under one roof. They can perfectly fit in your apartment, even when you have kids. And, surely, your kids will love the idea of spending more time with their grandparents which will help them to know the value of the relationship. On the other hand, if you have nuclear families, most of the home builders know the value of privacy. So they design separate rooms for parents and children. Also, with the increasing income of professionals, most of the people like to have a full-time maid or home nurse to give care for their kids and grandparents. Hence separate rooms for each one is essential. So by living in a bigger apartment, you can easily solve this room scarcity problem that you faced in your smaller flats. Make comfortable office space When you had a great business plan and dream to start with it, you can keep a specific space for your dreams in your bigger apartment. Or if you have to benefit the modern working choices like work-from-home, the extra room in your bigger apartment can be converted into the comfortable office space, letting you the choice to keep your work and home life separate though being in the same space. Beautiful Interiors The careful designs and architecture of the 2BHK or 3BHK flats are beautiful, ground-breaking and contemporary, offering a modern family the best in terms of a posh and luxurious lifestyle. By owning luxury spaces, you can have spacious floor plans, wood floors, granite countertops and many more which is not possible in a smaller flat. A 2BHK or 3 BHK apartment goes a step beyond and promises a classy and chic living experience. Avail hangout rooms for all age group When you decide to shift from compact to luxurious living, there you have another advantage that availability of enough rooms for everyone. Because everyone needs a place to be comfortable and relax. Especially if there are any older people, there is a room that they can relax and indulge in their own favourite activities with full privacy. In the same manner, the younger and the middle generation get their own spaces to chill with their friends or to boost up their own inner self. So when you have bigger apartments you don’t need to worry about the hangout rooms for you & your family members, as there are rooms for every kind of age group. Better security systems Living in a luxurious 2BHK or 3BHK apartment promises you increased safety and also prevents intruders from entering your home. You can just relax without any safety fears for a good night’s sleep. This is more useful and vital when there are kids and elders at home. So in this era of frequent robberies, with better security systems you can be sure that you are safe at your home. Good investment with less money To invest for a longer run, undoubtedly investing in 2 or 3BHK apartments is beneficial. You can buy luxurious housing spaces at a price comparatively much lower plus more benefits instead of buying compact apartments. As the demands are quite high, the resale value of apartments is always greater than invested. The percentage of profit depends upon the location and demand of the region, but getting a profit is for sure. Be it for end-user or rental, investing in a property in metropolitan cities at present proves to be a smart decision. So the final concluding part would be that why not opt for bigger apartments which are armed with all modern amenities and facilities creating life a smart and finest experience for you and your family and bringing together the exact mix of comforts and convenience of the city. Looking to buy apartments in Kochi? It is about time that you check out the residential apartments at Varma Homes as we are the top builders in Kerala. Each of our residential projects in Kochi come with an extensive series of high-end apartments. Take a look into our most prestigious projects like Varma Maalika I, Maalika II, Padipura, Kottara and Bougain Heights Purple at Tripunithura. A combination of the high-end amenities, backed up by great connectivity and an efficient transport system including the advantage of metro services, is what attracts a person to invest in property at Tripunithura. From the numerous choices, you can choose your perfect one that focuses on your housing needs and demands.
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How does Varma Homes always complete projects ahead of time?
With your busy lives flying by, what you wish for everyday is to have more time at your disposal. So when an expression such as "on time" appears with regards to your dream project, won’t you just jump ahead? But when buying a brand new apartment, there are two prime points that you must take into account: the time of completion and the quality of your unit. For this purpose, getting to know the detailed completion history of the builders you assign as well as the steps they take to ensure the quality and safety of your home is very crucial. Readiness is the keyAt Varma Homes we have driven "ahead of time" to realise and make dreams a reality. With years of experience in the construction field, we have vowed to deliver the best apartment projects across Kerala. The technical team at Varma Homes works round the clock to plan and execute assignments ahead of schedule. And advancing beforehand does not mean compromising the values and standards we have set forth as a team. We have successfully completed 6 projects within a span of 5 years prior to the expected time. Talented workmanshipWith our skilled consultant team, that includes architects, structural engineers, PCP, fire and safety, etc., we go the extra mile to implement competitive plans with keen foresight. Because of our professional approach and a passionate stance, we were able to confront challenges with ease. We have ensured that the highest quality products are produced at all stages. This is done through check-lists, proper staff training, and examining that the preferred commitment is thoroughly brought about in every aspect of the apartment. KRERA - Prospering the real estate futureThe Real Estate (Regulation and Development) Act 2016 was enacted by the Indian government, and the Kerala government established the Kerala Real Estate Regulatory Authority (KRERA) to regulate and promote the real estate business in the state. KRERA is the latest champion for the real estate sector, promoting accountability, citizen-centric policies, and improved financial discipline, all while protecting the consumer's interests. We at Varma Homes understand buyer’s requirement & concerns therefore all of our projects from the year 2019, are K-RERA approved, following the industry norms and is delivering as per given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-earned investment of many. Varma Homes has successfully established itself as one of the most trusted builders in Kerala since its foundation. We began with residential projects in Kochi and have since expanded to Trivandrum and Thrissur. Our significant launches will take place in Calicut and other major cities very soon. We've made it our full-time objective to create the best service and quality in our price range, and we've done so consistently. At Varma Homes, we have no stalled projects, because of our belief in constructing happiness both deep within our team and for our stakeholders.
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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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What Questions To Ask When Buying An Apartment
When it comes to finding the ideal apartment, there's a multitude of factors to consider. From understanding the overall cost, amenities, and security measures to evaluating the neighborhood and transportation options, each aspect plays a pivotal role in making an informed decision. Whether you're looking for flats for sale in Kochi, apartments in Thrissur, or a flat in Thiruvananthapuram, this guide will provide you with a comprehensive set of questions to ask and considerations to make during your apartment hunting journey.The Total Cost Of The Apartment, Including Closing Costs, Property Taxes, And Any Other Fees?Contact a real estate agent or an attorney to assist you to understand the costs of the acquisition, such as closing charges, transfer taxes, and other fees. Consult your lender to learn about the costs of your mortgage, such as interest rates, loan fees, and mortgage insurance. Investigate the property taxes in the neighborhood where the unit is located. This information is usually available on the website of the local government or by calling the local tax assessor's office. Assess whether there are any additional expenditures related to the purchase, such as homeowners association fees or utility charges. Put all of these expenditures together to get the total price of the unit. Varma Homes, renowned builders in Kerala, are here to provide you with the necessary guidance to unravel these intricacies and address your queries.The Square Footage Of The Apartment, And How Does It Compare To Other Apartments In The Area?More apartments in the region can be found by looking at listings or sales data for other apartments. You may also compare the costs of comparable apartments in the neighborhood to discover how square footage impacts the pricing. Remember that the location, age, and facilities of the building may all affect the price, so keep all of these aspects in mind while comparing apartments in the neighborhood. Analyze the listing or sales details for the flat. This should contain the apartment's square footage. If the square footage is not provided, you may need to inquire with the seller or real estate agent. Examine the floor plan of the flat. This should help you estimate the square footage by giving you a sense of the layout and size of the rooms. You can measure the apartment using a tape measure or other measuring instruments. This might be time-consuming, but it will provide you with an exact measurement of the space. Varma Homes offers the most qualified staff to support you in your endeavors to make the process easier for you.Amenities Are Available In The Building, Such As A Gym, Pool, Or Laundry FacilitiesWhen selecting amenities, evaluate what you require and what you are prepared to spend for. A gym or pool, for example, may be vital facilities for you if you value fitness and exercise. If you don't have a car, check to see if the building provides laundry facilities. Consider any extra expenditures related to the facilities, such as gym membership fees or higher maintenance fees. Amenities may increase the value of an apartment and make it more desirable to prospective purchasers or renters. Having a rooftop terrace or communal area, for example, may make the building more appealing and boost its worth. They improve the comfort and enjoyment of your living area. Air conditioning, a dishwasher, or a balcony, for example, may make your apartment more pleasant and improve your living experience.What Is The Neighborhood Like, And What Are The Nearby Schools, Restaurants, And Shopping Areas?Check up on the neighborhood and read articles or blog entries on living there. This might offer you a sense of the area's personality, culture, and atmosphere. Spend some time roaming the neighborhood to acquire a sense of the surroundings. Search for neighborhood stores, restaurants, parks, and other facilities. If you have children or intend to have children in the future, you should look into the local schools. Check up on their ratings and reviews to get an idea of how good they are. Browse the restaurants and retail centers in the region to discover what possibilities are available. This might assist you in determining whether the region provides the facilities you require. Engage in a conversation with residents to learn more about what it's like to live in the region. They may be able to provide you with information on the neighborhood's strengths and disadvantages.What Is The Parking Situation, And Is There A Dedicated Spot For Your Car?While purchasing an apartment, it is essential to evaluate the parking issue, especially if you own a car. You want to make sure your vehicle is safe and convenient to park. Some flats include a designated parking space or garage. If so, inquire about the fee and availability of the parking space. What are your choices if there is no designated parking? Certain buildings may provide parking permits on the street, shared parking lots, or neighboring parking facilities. Be sure to inquire about the price and availability of these alternatives. Inquire about the security of the garage or parking lot if there is dedicated parking. Is your car protected by security cameras or other measures? Are there any parking restrictions in the area? Parking restrictions or permits are required in some localities. Check for any parking limitations that may affect your ability to park. Take into account how close the parking is to your unit. The Security Situation In The Building And Surrounding Area?You want to ensure that the building is safe and that no illegal individuals may enter. Look around for security features such as cameras, street lights, or police presence. If you feel uncomfortable in the region, it may have an influence on your quality of life. Examine the crime rate in the area to get a feel of the neighborhood's safety. You may look up crime statistics online or ask people for their opinions. Inquire about any security issues that have occurred in the facility or the surrounding region. This might help you determine the amount of security you can expect. Check to see if the building is in a flood or seismic zone. If this is the case, inquire about the building's safety measures and emergency exits.What Is The Availability Of Public Transportation In The Area?Look for public transportation options in the region, such as buses, trains, or subways. Check that the transportation alternatives are appropriate for your needs. If you rely on public transit to get about on a regular basis, be sure the services are frequent enough to fit your schedule. If it is too far away, it may disrupt your regular routine. Look at the cost of public transportation, such as a monthly pass or a single fare. Ensure that the price is within your budget. Examine the public transportation system's dependability, such as how frequently buses or trains are delayed or canceled. If the system is faulty, it may disrupt your regular activities. When buying an apartment, it's critical to evaluate the availability of public transit, especially if you rely on it for your daily commute. By asking these questions and conducting research, you may have a better grasp of the public transportation situation in the region. Conclusion:Embarking on the journey to find the perfect apartment requires careful consideration of various factors. Whether you're exploring flats for sale in Kochi, apartments in Thrissur, or a flat in Thiruvananthapuram, it's crucial to delve into aspects like costs, amenities, security, and neighborhood characteristics. By asking the right questions and conducting thorough research, you'll be well-equipped to make a confident decision that aligns with your lifestyle and preferences. Remember, the right apartment isn't just a place to live; it's a place to call home.
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Investing in Mutual Funds /Shares /Real Estate, Which is better?
Mutual Funds/ Shares /Real Estate Confused between mutual funds v/s shares v/s real estate? Get to know how financing in real estate is more constructive than shares or mutual funds. At present time of rising inflation and cumulative costs, it has become very tough to preserve a good régime with a poor source of revenue. It has made persons keen to search for other alternative sources of revenues. While investment looks like a money-spinning choice for extra earnings but again searching too many available alternatives on the niche market is genuinely a hard-hitting job to pick the best among them. Mutual funds, real estate, gold, shares, etc. are some of the key investment choices that one looks into, but each has its own pros and cons. Pros & Cons of Real Estate Real estate can give you benefits like rental income, security against inflation and capital appreciation. If you have a plan to take a home loan, you will get full tax benefits against the interest as well as the instalments. When you invest in the realty market, it is time-saving and money generating which will give you various profits. Pros: Real estate increases in value over time. Convenient and more comfortable to invest and develop with other supplementary securities Concrete and substantial investment Offer remarkable inflation conditions Leverages in real-estate are harmless Cons: • Before finalizing the deal, requires a lot of homework about mortgages, insurance, negotiation, titles, finding the right investment property, etc.• Time-consuming if you plan to rent or sell properties• Capital intensive in nature• Real estate has low liquidity• It requires maintenance Pros & Cons of Other Assets over the Real Estate A share market, equity market, mutual funds are the gathering of buyers and sellers. It is a loose network of financial transactions and not a distinct entity of stocks or shares. Mutual funds are the best way for the average investor to purchase investments which would be too difficult to manage on their own. But the truth is that the stock markets/mutual funds are highly volatile and risky to invest. Let’s have a look at the pros and con of other assets: Pros: When needed, it can be easily transformable into liquid cash Gives investors broad diversification. Less capital intensive in nature The assets are controlled by qualified fund managers Cons: Investments made in these kinds of assets involves a higher amount of risk over real estate Management Abuses Needs in-depth knowledge and understanding while selecting good equity stocks If you wish to begin your investment with a very smaller sum and have high liquidity requirements, with steady investment, then mutual funds would be an excellent choice for you. If you have a significant amount in hand for the down-payment and have very long-term investment goals, then the real estate can give you good returns along with a steady rental income. On the whole, financing in real-estate is less risky than equity shares or mutual funds. To invest in real estate is always an excellent choice, a solid and physical asset will always give immense satisfaction and big mental comfort over other financial assets like a mutual fund or stock. Obviously, mutual funds and stocks are also lucrative, but the risk factor is bigger. On the other hand, real estate is safer and the price of property always goes up after a few years. So returns are almost guaranteed. If you are looking for a property in the prime cities of Kerala with future returns around 60 lakh to 1 crore in five years, then you can come to the Varma Homes. We have ready to move, ongoing and new launch projects in Kochi, Trivandrum and Thrissur. By investing at our projects, you will definitely get a guaranteed return. Our homes are designed for a lifestyle of comfort and convenience and also you can find a range of thoughtfully handpicked amenities to enjoy commutable city living. So get in touch with us to know more about our projects and avail the early bird surprises that await you!
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