Kochi is quickly becoming one of Kerala's most popular real estate and builders' destinations. Now Kochi, a tier 2 city, currently offers an ultra-modern lifestyle in addition to being one of India's most prominent IT hubs. Real estate is growing not only in the residential sector, but also in the commercial sector, as the city expands with cutting-edge shopping malls, hotels, and office buildings. If you are looking to buy apartments in Kochi, this is a good choice since it is easily accessible by road, rail, boat, and air from anywhere in the globe, resulting in the expansion of businesses and infrastructure in the area.
Purchasing flats or apartments in Kochi, whether as an asset or an investment, is a major decision that requires careful consideration. When looking for a place to call home, one of the most important factors we consider is location. We all want to buy our ideal flat or apartment, complete with all of the current amenities.
There are a lot of benefits to buying flats in Kochi, Luxury flats and apartments are the main trends seen in Kochi City, and most of them are located near the Kochi metro stations and important towns in Ernakulam.
Kochi has some of the most reputable schools in the country. There are various international schools and institutions in the city that provide top-quality education. Now Kochi is a growing IT hub, with Info Park and Smart City, offering several job opportunities. And major services like hospital facilities, Uber services, and supermarket services are also accessible in Kochi. Families can also get great satisfaction from buying flats in Kochi because they can spend weekends in Lulu mall or other famous malls in Kochi, and also Kochi metro is there for their travelling purpose.
In terms of investment, Kochi is a fast-growing city with limitless potential, and the need for apartments will always be on the rise.
Kochi has excellent connectivity thanks to the availability of all modes of transportation, including road, train, air, and water. With the introduction of the Kochi Metro Rail, the city's transportation has become even more beneficial. Kochi is the first Tier-II city to have an operational Metro Rail. Kochi's international airport terminal links the city to countries worldwide as well as Indian cities. Kochi is the preferred city for investors due to the availability of natural resources and excellent infrastructures, such as a large number of international and domestic flights, a modern and efficient airport, and a growing number of luxury and mid-range hotels situated in the city and adjoining districts.
The city has the most thriving lifestyle in the state, with malls and a multitude of entertainment, culinary, and recreational opportunities that are very attractive and mainstream. Kochi is one of Kerala's most popular tourist destinations due to its exposure to world-renowned athletic engagements, fashion exhibitions, and trade shows. Kochi is an emerging travel destination for many of the world's top vacation destinations. Kochi is also a desirable retirement location due to its temperate climate, beautiful coastline, and low cost of living.
The growth of the real estate market is attributable to the course of time, which gives you innovative and infinite ways to invest. Kochi has a shining vision down the road, with expansion and advancement that look compelling. Every investment is completely secure and will be good enough to justify it. Since India is a booming economy, it only tends to increase a property's rate of return. Selling it in the long term will only outweigh the investment cost. The longer an investment in Villas in Kochi Is retained, the more significant revenue is generated.
India is in the initial phases of the tech revolution, and it is expected to speed up over the succeeding years. With the Infopark and SmartCity Campuses, the potent IT industry of the country has also made itself recognized in the city. Large multinational corporations (MNCs) from all over the world thrive here because the cost of doing business is low and workers are inexpensive. Homebuyers are also empowered in the emerging real estate market because builders in Kakkanad are constantly volunteering to think outside the box.
The swelling number of businesses in the city has presented residents with increased employment options. The Kakkanad technological cluster and the Cochin Special Economic Zone (CSEZ) have become appealing locations for enterprises and businesses seeking to establish their base in India. The proximity of well-developed transport infrastructure and a large population of potential customers and partners has made the city attractive for businesses seeking to expand or start-up. The presence of large foreign corporations in the city has provided a good platform for the growth of the local employment sector.
Kochi's real estate market is attractive for flat or villa owners due to the low cost of ownership. Countless renowned constructors produce magnificent apartments with creative designs and present them at fair rates. Flat or villa owners can choose from various layouts and interior designs, including ones with a swimming pool or rooftop terrace. While the market for apartments in other megacities is flooded with high-rises and luxury apartments, apartment complexes in Kochi are popular among the locals for their amenities, affordability, and comfort of living.
Kochi receives millions of tourists annually, which is crucial in adding significant value to the city's earnings. It has historical pertinence and is a popular attraction for its coastline, lush countryside, and watersheds. Kochi is also visited annually by domestic tourists for cultural celebrations and festivals. The city's aspiration to become a prominent vacation spot provides a pathway for the skyrocketing demand for the hospitality industry and its ancillary sectors. Furthermore, the proximity of large international airports and the growing popularity of cruise tourism make the city an attractive destination for international visitors.
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 Kochi. If you are planning to buy Budget flats in Kochi, I would say it is a wise choice. We have our projects in Kochi. 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!
The home buying process isn’t an easy chore. The process can be lengthy, yet it doesn’t have to be overwhelming. When you start, it can feel as though truckload tasks are standing in your way of moving into your new apartment. However, the home buying voyage can be fragmented down into six simple steps to speed up the process to get your home faster. Check Your Credit Score Most people who are planning to buy their dream home, usually opt for a bank loan to subsidize their land dreams. To get your loan approval procedure in a short time, it is consistently a smart thought to check your credit/CIBIL score on the web. Your credit score plays an essential job in getting your home loan approved. A high credit score denotes that you have no outstanding loans or regularly scheduled installments. It likewise helps in processing your home loan procedure rapidly as banks always give prioritize to high credit score holders. Educate Yourself on Types of Home Loans Meanwhile you identify your credit score and have grappled with the way that you are qualified for a home loan, it is significant that you instruct yourself on the kinds of home loans accessible and the coverage you will get as an applicant. Based on your financial requirements you can also opt for either a fixed home loan or floating home loans. Start Looking for A Home Before you get ready to visit construction sites of apartments & examine shortlisted properties, first set your desired locality in mind. Then look at the real estate hot spots in your town and discover the edges of your city for the best deals. Also keep in mind that, you have to settle on a locality which furnishes you with all the social conveniences and amenities required for a trouble-free life and also comes within your price range. It is additionally critical to look at the appreciation rates of the zone and take a glimpse at the entire buying process from an investment point. Sifting properties according to the region will spare you a ton of time and keep you concentrated on your inquiry. Choose the Right Builder To speed up your home buying process, it is always a great plan to choose a credible builder. As, the most trusted real estate builder will definitely provide the best quality in terms of quality of material used, service, architecture and ensure hassle-free transactions. Because your entire life’s savings are going into your real estate buying, so you must compare, analyse and pick a builder who is the best amongst his competitors and is delivering what suits your requirements. Varma Homes is one of the leading real estate builders in Kerala with a reputed brand name & a plethora of finest apartment projects. Sign the Contract After an In-Depth Inspection Before you sign the agreement, ensure all the legal documents are in place. These records incorporate obligatory papers like the occupancy certificate, sales deed, & the recent tax receipts. You can verify all the documentation carefully through a lawyer and ensure that there are no imperfections found in the apartment and should do a last-minute inspection before finalizing the deal. Close the Deal After all investigations, confirmations and payments, the time has come to close this deal. Ensure that you get total ownership of the property and have it enrolled under your name. Make sure every legitimate cost like registration &stamp duty is paid for a smooth exchange of possession. Wrapping up By now, you know precisely how to speed up the home buying process, head out to Varma Homes for premium apartments with a range of amenities. We are constantly excited about delivering excellent apartments on time with our full efforts. As we realized that home purchasing is a significant investment of your lifetime, and you would not need to take any risks. Every Varma Homes creation is one-of-a-kind, and emphasize in constructing happiness for residents. We strive to not only surpass but uplift expectations. So, we have confidence in making real experiences that ought to be worth for your cash!!!Read More
The concept of luxury apartments is continually developing in Indian business sectors because of expanding buying power. The interest of luxury projects has been gradually moving from the high class to the middle-class populace implying the immense potential in this area. To cook this expanding demand, builders are thinking of luxury projects which focus on this growing upper-middle class. The high-end amenities, privacy ensured, super luxury apartments, collectable ideas, these are only a portion of the terms that you would be familiar with when you start your chase for a dream home. Nevertheless, do you really think about what actually defines a super luxury apartment? Is it only one of the modifiers that a real estate developer uses to trap the high-income people? What's behind the luxury apartment amenities? So, let’s take a peek into it! Strategic Location One of the most vital factors that must be counted while investing in your dream luxury apartment project is a convenient location. A centrally located super luxury apartment is preferable to the high-net-worth individuals who wish to stay close to the upscale neighbourhoods of the city like hospitals, malls, educational institutions, markets, railway stations, business districts and so on. Also, the window view available from an apartment is a prime aspect. Security & Safety Luxury apartments are just all about complete security. Residents expect to have the full guarantee that their whole family members & property are safe in all aspects. Therefore, luxury apartment projects should meet the best security provisions in terms of actual personnel to advanced technology in surveillance & monitoring. Also, it contains emergency buzzers, intercoms, & top-of-the-line security installations that ensure better safety. Top-Notch Amenities Those who wish to invest in a luxury apartment need the best that money can get. Luxury homes are carefully designed to grant supreme comfort, with beautiful interiors and cutting-edge amenities. Premium apartment projects must contribute state-of-the-art facilities such as rooftop swimming pool, home theatre, multiple parking, Wi-Fi, fast elevators, landscaped gardens, 24-hour security & gymnasiums. These are some relevant realities that you can guarantee while looking for the right luxury apartment to be certain that you settle on the ideal buy choice. With the huge rise in luxury apartments in cities, the word luxury is being abused by some real estate developers. Hence a tip to all the apartment purchasers is to do intensive research on the luxury aspect of the shortlisted projects and settle on the property that merits each money of the weight it carries in your pocket. Investing your money in a trustable builder who ensures top-notch construction quality and the best return on investment. Varma Homes, one of the most trusted and reliable builders in Kerala offer beautiful apartment projects in Kochi, Tripunithura, Trivandrum & Thrissur. If you are searching for a super luxury apartment project perfect that lines educational institutions, hospitals, markets, malls and many other conveniences in the heart of Trivandrum city then purchasing your dream super luxury apartment in Poojappura, would be most ideal. Here you can find Dr. Pai's Heritage at Poojappura, a major residential region for apartment-hunters in Trivandrum based on your preferences. It is a 2 & 3 BHK super luxury apartment with high-end amenities for comfortable living. So, come & experience the model apartment which will redefine the experience of luxury living!Read More
It is possible that, as a first-time buyer while deliberating on purchasing a dream abode, choosing an apartment will cause you to second-guess your thoughts. After all, it's your hard-earned money and the secure future of your family that’s on line. There was once a time when different builders had different standards and principles applied to the purchase of an apartment, stirring confusion among home buyers. This is the reason why the Indian government brought about a revolutionary change in 2016 to safeguard the interests of existing and potential buyers. The Real Estate (Regulation and Development) Act was enacted in 2016 and the Real Estate Regulatory Authority (RERA) was born. The Kerala Real Estate Regulatory Authority (KRERA) was founded by the Kerala government to regulate and enhance the real estate industry in the state. KRERA is the new real estate champion, supporting accountability, citizen-centric policies, and greater financial discipline while defending the rights of investors. This Act is a sigh of relief for consumers as it makes real estate dealings transparent. Here are the positive RERA ACT benefits for why you can confidently buy an apartment now:? Exposure to comprehensive informationOne of the most essential benefits of RERA for house buyers is the right to property information. You get thorough information about the property that you are purchasing as a home buyer. When it comes to making prospective selections, this type of knowledge can be quite useful to a purchaser. The developer or builder should share with you all the project information, such as the layout plan, building phases, action plan, and completion status. ? A normalised carpet areaThe carpet area, or the area of the apartment apart from the width of the inner walls, is the space that can actually be covered by a carpet. Prior to the RERA Act, builders used their own technique or calculation for estimating the carpet area of a unit or property. RERA, on the other hand, has codified or standardised how a builder determines the carpet area. As a result of the RERA Act's implementation, a builder must now specify how much carpet space they are providing. Property prices in India are now determined by carpet area. ? No more holdups in projectsThe possession date for each flat must be specified by the property developer. The developer will face a flurry of penalties if the project is not completed by the deadline. If the developer fails to deliver on the specified date, the buyer has the option of either withdrawing from the project and receiving a complete refund, including interest, or continuing to work on it and receiving reimbursement and interest. ? Control over advances One of the great benefits of RERA is that a builder cannot charge more than 10% of the cost of the flat as an advance or application fee before entering into a sales agreement. ? Flaws are held responsible If a buyer discovers any flaw or problem in the structure, quality, or service of the flat within 5 years of ownership of the flat, the builder is required to rectify the deficiency within 30 days at no additional cost under the RERA Act. The buyer would be able to claim compensation if the builder failed to correct the fault. ? Mending broken promisesThe buyer has the right to litigate if the builder's obligations or promises regarding the actual project do not match. The buyer then has the right to decline the projects and receive a full refund of the initial deposit, plus interest and compensation. ? Approval before selling offBuilders may have sold projects without the necessary permission in the past. This is not the case under RERA now. Builders and real estate brokers will be obliged to register with the authorities, providing every detail about their projects, and only then will they be permitted to sell them after receiving the necessary approval. ? Prohibition to deviate fundsTypically, a developer will be working on multiple projects at the same time. They used to be able to divert funding between projects as they pleased. After the implementation of RERA, this will no longer be possible. The builder must set aside 70% of the project's proceeds in a separate bank account. He can only withdraw money from such an account after the project has been completed and certified by a civil engineer, an architect, and a practising chartered accountant. Because the funds can no longer be diverted to other projects or used for other purposes, they will be used for their intended purpose. ? Fast track grievance redressalComplaints against a builder can be brought to the state body established under RERA, which will have the jurisdiction to resolve all. If you disagree with the order, you may appeal to the Appellate Tribunal, which will resolve your case within 60 days. It will keep track of the reasons for any failure to do so also. The Varma PromiseWe at Varma Homes understand the buyer’s requirements and concerns. Therefore, all of our projects from the year 2019 are KRERA approved, following the industry norms, and are delivered as per our given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-won endeavours and investments of many. If you aspire to buy an apartment in Kerala, Varma Homes is all set to take you ahead. We are a renowned real estate builder who specialises in providing accessible residential properties. You can select from a variety of alternatives to meet your needs and budget. We started with residential construction in Kochi and have since expanded to Trivandrum and Thrissur. Our major launches will be coming soon in Calicut and other important cities. Choose the option that best meets your requirements! For additional information, please contact us at 9645 88 33 33.Read More
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!Read More
The state of Kerala, sometimes referred to as "God's Own Country," is renowned for its natural splendor and extensive cultural legacy. It also presents a lucrative real estate investment opportunity. We will examine several variables that contribute to Kerala's real estate market's potential as we delve into the reasons why investing in it may be a smart and successful move. Specifically, we will focus on the perspective of builders in Kerala who can benefit from investing in this marketThe Thriving Tourism Industry in KeralaThe real estate market in Kerala, including the thriving market for apartments in Thrissur, is experiencing significant growth, primarily attributed to the tourism sector in the state. Kerala attracts millions of tourists annually, enticed by its enchanting backwaters and charming hill towns. This steady influx of tourists and the subsequent high demand for accommodation create an ideal opportunity for real estate investors. The market offers a diverse range of possibilities to cater to various investment interests, including luxury resorts, historic residences, homestays, and luxury apartments.Growing Infrastructure:In recent years, infrastructural development in Kerala, led by the state government and supported by the Best Builders in Kerala, has made considerable strides. The government has made substantial investments in enhancing connectivity, including the development of new roads and highways, the expansion of airports, and the execution of several transportation projects. These infrastructure improvements not only improve convenience and accessibility but also attract more investors to the thriving real estate market.Stable Property Market:Even in hard economic times, Kerala's real estate sector has shown steadiness and resiliency. Strong social indicators, top-notch healthcare facilities, and top-notch educational institutions all contribute to the state's consistently high demand for residential real estate. Additionally, the need for commercial areas like stores, offices, and business centers is driven by increased disposable income and rising living standards among the populace.Affordable Property Prices:Kerala offers reasonably priced real estate as compared to other well-liked investment locations in India, including ready to occupy flats in Thiruvananthapuram. Land and building expenses are affordable, making it a desirable choice for both individual investors and developers. Kerala offers a variety of possibilities to fit various budgetary needs, whether you are seeking for residential properties, commercial spaces, or land for construction.Diverse Investment Options:The real estate industry in Kerala provides a wide variety of investment opportunities. Investment opportunities exist in waterfront properties, eco-friendly developments, historic residences, and agricultural property in addition to residential and commercial properties. Investors have a choice of scenic towns and villages tucked away among the backwaters or hill regions, as well as major hubs like Kochi and Thiruvananthapuram.Potential for High Returns:Kerala's real estate sector offers the chance for significant returns on investment. The state's natural beauty and cultural attractiveness, along with the expanding tourism industry, guarantee a steady demand for real estate. Additionally, there is an increase in demand for healthcare facilities and serviced apartments as Kerala becomes a more well-known destination for medical tourism. These elements help property values increase over time, making it a profitable Investment prospect.Kerala's real estate market offers a distinctive fusion of scenic beauty, cultural history, and financial opportunity. Purchasing real estate in Kerala enables you to own a piece of this paradise while benefiting from a growing tourism economy and a steady real estate market, from the serene backwaters to the gorgeous hill stations. Kerala is a desirable location for real estate investors wishing to make a wise and successful investment decision due to its reasonable prices, varied investment opportunities, and potential for significant profits.At Varma houses, we have always believed in creating happy homes for our clients who want to make secure investments in joyful homes for future generations. Over the years, we have maintained our great quality and high standards, which includes flats in Kochi and only working with partners and vendors who share our commitment to providing our clients with the best products possible. ConclusionKerala's real estate market, known for its natural beauty and cultural richness, offers investors lucrative opportunities for significant financial returns. The state's booming tourism sector, improved infrastructure, stable property market, affordability, and diverse investment opportunities make it a prime location for real estate investment. Whether it's the luxurious flats in Kochi or the ready to occupy flats in Thiruvananthapuram, investing in Kerala is not just about owning a property, but owning a piece of paradise. At Varma Houses, we stand by our commitment to assist investors in navigating this profitable landscape.Read More