Trivandrum, the capital city of Kerala, is a fast-growing hub for technology, tourism, and healthcare. The city's strategic location and booming economy make it an ideal place for investment in real estate. Buying an apartment in Trivandrum can be a good investment, provided you make an informed decision. In this blog, we will discuss the advantages and disadvantages of investing in apartments in Trivandrum.
The real estate market in Trivandrum is growing rapidly, with property prices increasing year on year. Buying an apartment in Trivandrum can yield high returns on investment in the future.
Trivandrum will soon have its own metro rail system, known as the "Light Metro," which is anticipated to enhance both the standard of life for its residents and the city's development. The upcoming Vizhinjam port is also expected to accelerate the development and prosperity of the city. The real estate industry will expand as a result of all these factors.Flats in Kochi is a big example of this.With its superfast metro and rapid development their value in the real estate market has skyrocketed.Along with this the new 6 lane highway will make traveling to northern parts of Kerala much quick and easy
Trivandrum has a high demand for rental properties, making it an ideal place to invest in an apartment. Investors can expect a stable rental income from their investment.
Technopark, the IT centre in Trivandrum, is growing and is expected to soon surpass all others in size in the nation. Currently, Technopark is home to over 350 Indian and international businesses that hire over 60,000 professionals from all over India. As a result, there will be a higher demand for homes to accommodate the expanding population.
Trivandrum has well-developed infrastructure, including excellent road networks, public transportation, and healthcare facilities. This makes it an ideal place for families and professionals to live, which further increases the demand for apartments. As it's the capital of Kerala state all head offices of governments and other agencies are found here and chance of people renting apartments for work related reason is high and this makes is a perfect place to invest (high returns on rentals)
High-quality construction:
The construction quality of apartments in Trivandrum is high, with most commercial builders in Kerala using high-quality materials and modern construction techniques. This ensures the durability and longevity of the property, reducing the maintenance costs over time.
Investing in an apartment in Trivandrum comes with several tax benefits. Investors can claim tax deductions on the principal and interest paid on the home loan, which can significantly reduce their tax liabilities.
Nestled on 7 undulating green hills, Trivandrum is blessed with a bounty of natural beauty spots including a number of attractive beaches. Having been the capital of the erstwhile Kingdom of Travancore, the city is also home to numerous beautiful old buildings and tourism spots for both domestic and international tourists.
Buying an apartment in Trivandrum can be a good investment if done with careful consideration. Factors such as location, construction quality, rental income potential, tax benefits, legal due diligence, and market fluctuations should be taken into account before making the investment. By following these guidelines, investors can ensure that they make a wise and profitable investment in real estate in Trivandrum.
Due to the rapid market change, now is the ideal time to invest in or purchase residential properties, flats, and apartments in Trivandrum and also outside Trivandrum such as ready to occupy flats in Thrissur which is another growing tourist sensation with a lot more potential in the market. One of Trivandrum's most reputable and trustworthy builders, Varma Homes, provides high-quality residential buildings with top-notch amenities in excellent locations.Lifestyle in the city of Kochi is rapidly changing because of the urban developments and the increase in income of people. And the changing lifestyle of Kochiates has now increased the price for housing and land. The massive development in realty sector over a decade is being witnessed in Kochi. The sector has shown a huge growth, as the builders in Cochincame up with new projects targeting the salaried sections and high net worth individuals, including NRIs. Also, banks have reduced the interest rates on home loans. And the PMAY (Pradhan Mantri Awas Yojana) scheme has also helped the home seekers to own apartments and save up to 2.67 lakhs. Know more at: https://goo.gl/mk6pKJ Nowadays, there is a huge demand for flats and apartments in Kochi from professionals and businessmen who are moving into the city. Considering the investment and business potential, it is ideal for even those who are not permanent residents of the city to have an apartment or a flat in Kochi. The easy accessibility through road, rail, water and air transportation channels makes Kochi the most preferred city to live in. Now with the latest extension of Kochi Metro, most of the places within the city is easily commutable without getting trapped in the irksome traffic blocks. It is also useful to have a living space in Kochi which is proximate to the state’s best hospitals, shopping malls, business centres, educational institutes and airport. We at Varma Homes embrace the uniqueness of the city and if you are in search of an exceptional living space in Kochi, Varma Homes offers you the finest of it. We have selected peaceful yet easily reachable locations for our new apartments in Kochi. It is sure that our flats in Kochi with luxury amenities cater to the urban style of living. Our residential projects in Kochi are built to bring you all the benefits of Kochi’s latest developments. Varma Homes, the top builders in Kochi always bring you the premium living spaces. Varma Regent, the compact apartments are being built at Edappally. It is one of the new apartment projects in Cochin from the best home builders in Kochi located at Ponekkara. Being on its last phase of completion, Varma Homes guarantees the project accomplishment by the end of December. If you are looking forward to buying affordable apartments in Edappally, pay a visit to Varma Regent’s sample apartments. Regent is the best option for all those who wish to buy apartments in Edappally. Only a few units are left, most of the units are already sold out. For more details, contact us today. Call +91 9645 88 33 33
Read MoreThe demand for purchasing apartments among Indian millennials has improved compared with pre-pandemic stages. Millennials are those referring to the generation born between 1980 & 2000 are fast entering their prime spending years. Growing up in an age of quick change, they have a set of priorities & expectations that are completely different from those of the older generations. That is, they don't want cars & houses but just need fun & convenience. But now they start seriously thinking about owning a home with the best facilities around. So, it has been countersigned that even the current populace is getting ahead putting their hard-earned investment into a home since the lifestyle patterns are relied upon to change significantly after the pandemic stage ends. This rising demand is in part being driven by millennials expecting reduced mobility in the forthcoming as work from home culture takes hold, along with an increasing sentiment swing towards savings and asset making post-pandemic. So definitely, the pandemic has made them realise the significance of owning a home instead of leasing one. Owning a home has consistently been a crucial portion of the investment plan, and under new typical rules, purchasers are seeing a value proposition for investing in the realty market. Read on to find out reasons that pulled millennials to invest in real estate. Opted for Owning Rather Than Lease for Getting A Lifetime of Comfort When you spend for a property you don’t own & you don’t create equity. Eventually, your money is raising your landlord’s assets and future, not your own. Owning a home is a clever way to build lifelong wealth. Although purchasing a house can be costly initially, if you factor in the expenses connected with renting, owning your own home will truly end up cheaper in the long run. As well, now the outbreak of Covid-19 has insisted on the value of a safe & the reliable home that creates a lifetime of comfort. Usually, the 25-40 age group, who did not give much preference to purchasing a home because it provided them with the flexibleness to shift jobs and hop cities, is now more than ever serious of having a physical asset. The reason more millennials are interested in investing in property for self-use is that it is now much more affordable to purchase a house and deals are accessible in the market. Historic Home Loan Rates Now the home loan charges are at historic lows, the calibrated resume to the economy of India sees a flood of enquiries from the potential homegrown as well as NRI home buyers. Taxation profits on repayment of home loans add to the dealings being too good to resist. Falling interest rates attract less interest earned on bank fixed deposits in comparison to the rental profits earned in real estate investment and besides enjoy the profits of capital appreciation. Returning NRI’s Real estate will be assured for both end-users and investors in the post-pandemic world. Millennials living in rental houses have understood the worth of being in their own apartments while NRIs encountering challenging times in their present domiciles are staring at constructing a house when they return in India. The size of the NRI investor market is now large in the affordable and mid-segment housing section. The falling rate of the rupee & the present situation increases NRIs interest in buying residential property in their hometown. Work from Home Impact Recently there witnessed a substantial rush in the number of young people looking to purchase a home for end-use during the pandemic as mortgage rates are low & work-from-home is a new reality. The necessity for additional or extra space for home offices is on the rise, with the necessity for more well-planned designs. The importance of business centres, common amenities, and more open spaces will be an integral part of the new demand criteria in the post-COVID-19 world. Summing-up, Due to this pandemic real estate is witnessing a tremendous change in consumer behaviour. Owning a house is now seen as a priority in the context of safe & secure investment. This will steer intensified demand for homes, as the economy sees a calibrated resume. If you are looking for a right builder to start your investment, then here is your right choice, Varma Homes, the best builder in Kerala. We have our best top-notch quality apartments in major cities of God's own country like Kochi, Trivandrum & Thrissur. Check out our unparalleled apartments, we are certain that you will be mesmerized. Invest your dream home with us, once you invest, you will have a long-term asset that will have value at any time. Take a browse through our website for more information on our ongoing apartment projects.
Read MoreEveryone is urged to invest in real estate at least once in their lives, making it one of the most sought-after sectors. There are several different considerations while looking for residential property in Kerala. Kerala, the most populous state in the nation, has a distinct predilection for homebuyers, which drives up property prices swiftly.It can be difficult to find an affordable apartment in Kochi, but with the appropriate strategy, it is undoubtedly doable. The following advice will help you locate an affordable flats in Kochi:However, below are some ways to determine how to find budget friendly apartments in Kochi:1. Fixing the budget bucket:Focusing on the price you are willing to pay for something is the easiest approach to eliminate options while making a purchase. By examining your expenses relative to your income, you may determine your budget for purchasing a home in Kochi. Calculating this will give you a number that will enable you to determine the amount you are willing to set aside specifically for your property. To create a budget, you must also account for expenses such as moving in, interior renovations, repairs, and more.2. Narrow your search criteria: Now that you know how much money you have to spend, find the locations that fall within that range. Avoid the error of limiting your search to areas based solely on price; instead, consider comfort and the layout of your ideal home so that you may determine which location best suits all of your interests. You should consider the area in light of the needs of both you and your family. This can help you save money on other expenses like flying or buying stuff because there aren't as many alternatives.3. Builder reputation: Choosing a trustworthy home builder in Kochi is crucial when looking to buy a house on a tight budget. There are many frauds taking place under the name of low prices. To avoid losing your money or raising the risk of investing, be careful not to invest with a builder you cannot trust. Before engaging in any transactions, make sure you run your errands to confirm the builder is genuine before making any transactions.4. Configuration of your home:For you to live comfortably and without feeling claustrophobic, it is essential to know how many members of your family there are and what size apartment you will need. As a result, you must also determine whether your family's needs can be met within your budget. You may have trouble finding a 3 BHK apartment in Kochi at a budget of less than 50 lakhs.5. Know the project details:When you want to obtain a good deal on affordable homes, understanding the phrases and what they imply in real estate is equally vital. This is so you can be sure you are getting what you are paying for and that none of your investment money is wasted after you understand what carpet area, built area, super built area, floor plans, and other such information entail.In conclusion, Kerala as a state has done exceptionally well in the real estate sector over the past several years, and its affordability will decline as the demand for homes increases. This indicates that you will now benefit from heeding the aforementioned advice. Make sure to act quickly and decide after thorough investigation.Finding a budget-friendly apartment in Kochi is possible with a little bit of research and flexibility. Determine your budget, look for deals and discounts, consider location, be flexible with amenities, research online, and visit the apartments. Remember that a budget-friendly apartment is not always the cheapest, but it is the one that fits your needs and budget.Only a select few people are gifted with the ability to design. It calls for a lot of bravery, tenacity, and excitement. Varma Homes is on track to introduce an affluent lifestyle as part of its aim to "Construct Happiness" with our brand-new apartment projects around Kerala. We have always been dedicated to creating happiness for our clients who think that purchasing joyful homes now will secure their investment for future generations. We have consistently upheld our extraordinary standards and high calibre, which includes only cooperating with suppliers and partners who share our dedication to excellence. At Varma Homes, we strive to meet the needs of all parties involved, including customers, investors, and staff.
Read MoreWhen selecting a residence in Kerala, the significance of a location cannot be emphasized enough. Opting for the right location can greatly impact convenience, safety, and overall quality of life. Kerala offers a plethora of locations to choose from, making it difficult to determine where to begin. In this article, we will delve into the significance of location when selecting a home in Kerala and offer helpful suggestions to assist you in discovering the ideal spot. Additionally, we will touch upon renowned builders in Kerala.Accessibility and ConvenienceOne of the most crucial factors to consider when choosing a location for your home is accessibility. You'll want to ensure that your home is in a location that is convenient for your daily needs, such as work, school, and shopping. Look for areas that have good connectivity to public transportation, such as buses and trains. Also, consider the distance from your workplace or children's school to avoid long commutes that can be exhausting and time-consuming.Safety and SecurityThe safety and security of the location you choose should be another top priority. For instance, apartments in Trivandrum are often located in neighborhoods known for their safety and tranquility. Look for areas with low crime rates and a strong police presence. Check the reputation of the neighborhood by talking to neighbors and checking online reviews. Look for gated communities and apartment complexes with security measures in place, such as CCTV cameras, security personnel, and controlled access.Natural SurroundingsThe natural surroundings of the location are another crucial factor to consider. Kerala is blessed with a beautiful natural environment, and choosing a location that takes advantage of this can have a significant impact on your quality of life.For instance, opting for ready to occupy flats in Thrissur can offer a living environment surrounded by lush greenery, natural water bodies, and good air quality.This can have a positive effect on your physical and mental health and provide a peaceful and relaxing environment.Social and Cultural ActivitiesKerala is a land of diverse cultures and traditions, and choosing a location that offers access to social and cultural activities can enrich your life and help you feel more connected to the community. Look for areas with community centers, libraries, museums, and places of worship. You'll also want to consider the availability of recreational activities such as parks, sports facilities, and entertainment options such as cinemas and theaters.AffordabilityOf course, affordability is a significant factor to consider when choosing a location for your home. While the best locations may come with a higher price tag, it's essential to find a balance between affordability and quality of life. Consider areas that offer good value for money, such as up-and-coming neighborhoods with the potential for growth and development. For instance, investing in flats in Kochi can be an excellent option due to its burgeoning development and reasonable price range. You can also consider areas that are outside of the city centers, which can be more affordable but still offer good connectivity and amenities.ConclusionChoosing the right location for your home in Kerala is crucial for your overall quality of life. By considering accessibility, safety, natural surroundings, social and cultural activities, and affordability, you can find a location that meets your needs and helps you lead a fulfilling and happy life. Take your time to research and explore different areas, talk to locals, and consult with real estate professionals to find the perfect location for your dream home.
Read MoreEveryone strives to achieve the key milestone of home ownership. And it becomes a notable accomplishment while purchasing a flat in Trivandrum. Despite being the capital of Kerala, Trivandrum is still expanding both vertically and horizontally. There is a tonne of residential developments underway throughout the city, which gives homebuyers a tonne of options since the real estate market is booming!With miles of tranquil beaches, several lakes, and eco-tourism in the enigmatic Western Ghats, Trivandrum is renowned for its natural beauty. However, prospective homebuyers are attracted to Trivandrum just as much as tourists are. Given all the city has to offer, it is understandable that those looking to purchase apartments choose Trivandrum.Since it became the capital of the Kingdom of Travancore in 1795, this historically significant city, with roots dating back to the tenth century, has been linked to the aristocracy. Trivandrum's continuous status as the nation's capital even after independence has resulted in great infrastructure being in place as well. In addition to having some of the best multispecialty hospitals in the country, the city is also highly renowned for its top-notch educational institutions and medical travel.Trivandrum, the capital of Kerala and the second-largest city in the state, is constantly expanding in terms of real estate investments as a result of the numerous factors listed below:IT HubMore than 350 businesses and organisations with almost 60,000 employees are based in Trivandrum's Technopark, the city's information technology centre, which opened its doors in 1990. The city's current expansion, which includes the addition of 37 hectares of land as part of Phase IIII extension, is largely owed to its well-established IT hub.A Growing Job MarketAs was already said, Trivandrum is a rapidly expanding IT centre, home to large international corporations like Oracle, Infosys,TCS, UST Global, Confianz, etc., which has increased work prospects and drawn many IT professionals from throughout the state and nation. not to mention the expansion of other industries. In consequence, this has significantly increased the city's real estate market.Upcoming developmentsThe Trivandrum Light Metro is a suggested name for the metro train system that the Keralan government intends to build. It will be one of the major city developments, boosting the real estate market and the local economy. The well-known Vizhinjam harbour project will also fundamentally alter the course of the city's development once construction begins.Social InfrastructureTrivandrum has everything, including international schools, colleges, multi-specialty hospitals, and world-class shopping malls.Natural HeavenTrivandrum, like most places in Kerala, is endowed with stunning landscapes and water features. The city is renowned for its beautiful weather and less polluted surroundings.LifestyleThe city has become increasingly active as a result of the rapid growth in the number of retail malls and centres, multiplexes, multinational food chains, and other commercial hubs, giving it a multicultural, cosmopolitan culture.Home loansThe banks are currently offering the lowest interest rates on house loans ever, making this the ideal time to purchase apartments in Trivandrum. Most banks now provide home loans with interest rates as low as 7% as a result of RBI's numerous repo rate reductions. Before applying, make sure to check your CIBIL score. CIBIL scores between 750 and 800 entitle you to very reasonable EMIs for the duration of your loan.PerksA significant amount of merchandise accumulated during the pandemic with few serious purchasers in between. The majority of folks preferred the wait-and-see strategy. Builders need money to continue forward with other projects, but because sales have stagnated, the majority of builders are providing incentives to get customers to commit. As a result, homeowners now have more negotiating power and a large number of "ready-to-move-in homes" are offered at "under-construction" prices.Market for BuyersAt prices in the inexpensive class, you can readily find high-quality properties. This is due to the buyer's market we are currently seeing, where strong projects may not provide substantial discounts but may instead include free amenities like parking or more favourable repayment terms.Market BoomA boom in the property market and its pricing is anticipated soon since Technopark will need additional high-quality residences to accommodate the well-travelled personnel of upcoming MNCs.This is the ideal time to make a real estate investment, thanks to a recovering economy and job security. The majority of individuals learned the value of having tangible belongings and a place to call home throughout the pandemic. They also started to think more about investing in reliable assets and ensuring the safety of their family. The investment returns from purchasing a flat are also certain, as rental incomes are expected to steady.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.
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