The desire to have a place to call home is what provokes the majority of people to own an apartment. But sometimes, they are stuck in the EMI vs rent dilemma and hence they are hesitant to take a good decision. Many questions may arise, such as whether it is sensible to pay more for an EMI when I can rent it for a significantly lower price, or whether I can handle the bank loan interest, and so on. Yet, in the end, most people choose to settle down in their own home.
Now it seems that the residential real estate industry is at its best now with several favourable factors that force people to buy an apartment in their favourite location. People can access loans at historically cheap interest rates now. Owing to the RBI's decision to lower the repo rate, home loan rates have fallen below 7* percentage, compared to 8-9* percent a year ago. If you have adequate monetary wealth, you can purchase an apartment. Though, if you do not, then also, you can try to purchase a home with EMI. After paying high monthly rent, you will eventually buy your home. Paying EMI is better than paying high monthly rents. After all, finally, you have your own property to call "Home".
In the case of renting, rent is a monthly payment that does not result in the creation of any physical asset. Paying EMI, on the other hand, has important impacts: it not only gives you present shelter but also advances the proportional possession of the property. While it is true that renting relieves one of the stresses of EMI payments, property taxes, & other legal concerns that come with owning a home. Unlike apartment owners, renters do not have to pay for maintenance or repairs, & they do not have to pay property taxes. However, owning a property as an investment might save you a significant amount of cash, thereby leaving you to build equity and also the appreciated land value will promise you a huge return on your investment.
Owning your own home is desirable, & the time is when you can afford it. Affordability is usually a crucial factor when it comes to purchasing your own home. As a rental, you will not find a decent property for less than 15-20k rupees in a good area, so even if you stay there for 15 to 25 years, you won't have a home to call your own. However, if you buy it with a home loan, you have a home of your own; you won't have any trouble settling down when you retire, a home increases your net worth & credit score, your future generations have an edge over others, and so on.
Without a doubt, owning an apartment is a worthwhile choice rather than renting one. Renting does not allow you to build equity in the same way that buying an apartment does. Also, your rent could increase at any time. You're perhaps under the control of your tenant, who may order you to leave or defer repair demands. But, when you take out a loan to purchase a home, you're already mindful of the EMI you'll have to pay over time. But it is worth than renting. Let's look at a real estate property in Kochi as an example. Consider the following scenario: You need to pay 20K average in rent to get a housing, with around 5% increase in rent per year. The rental range will increase in the next ten years too. On the other hand, if you purchase a nice apartment for 40–60 lakh & pay an EMI of 30K with today's lower loan interest rate for a period of 20 years, you will save a huge amount in the long run. Also, it might be possible that in twenty years, the price of your apartment will also increase. So, think about whether you want to invest in it. That is, do you want to pay around 2.5 lakh in rent per year or do you want to own a house that will be an asset to you?
In fact, renting has its own set of benefits, such as flexibility, HRA, & lower monthly costs, among others. But when it comes to apartment ownership, it offers a long-term investment with the potential to create equity & raise the value of your house over time, as well as tax benefits & the option to transform your home into a source of income & integrate yourself into your community. Furthermore, by taking the step of purchasing your own home, you provide greater stability for your family's lives as well as their social lives.
Besides, the sense of security & pride that comes with owning a house is unrivalled. And it is better to own your dream apartment through a mortgage, since it'll be all yours after a few years & you won't have to pay for it. But a rental house will always be for rent & you'll be paying for it for as long as you live there. Hence, it's quite obvious which option is the greatest.
So, don't get caught up in the buying vs. renting debate any longer! Buy your dream home with Varma Homes, one of the leading builders in Kerala, offering apartments in Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode with top-notch amenities.
In today’s world, not just investors but even the end-users are keen to observe the market value of the residential property before buying the home. The real estate market and its development is reliant on various factors. Financing in the property market can reward you with worthy returns if the factors affect the property value are in your favour. To estimate the residential properties value it is vital to find out the influence of those factors that related to the housing characteristics and the residential properties value. So if you are buying or selling an investment property or home, the question is that how much the property is actually worth? The recent real estate statistics in India proved that property valuations are now depending on the factors that influence the market value in the real estate industry. Right intuitions in respects to the right time for the property purchase, price escalations, downturns in the real estate market and all other indicators, aid in making purchase decisions. Key Factors Drive the Market Value of Residential Properties The real estate sector absolutely is on the upsurge, with the growth lunge being delivered by significant factors which affect the prices of residential property in the country. So, what are these factors that drive the real estate market value of your residential property? Read on to learn what drives property prices up, what causes them down and how you can find that whether your home is worth. • Infrastructural Development It is one of the most significant factors that influence the real estate market prices in India. The present situation of the roads & airports, bus terminals, shopping malls and all other advanced facilities in the surrounding area of the residential property, helps in value growth of the same. Another most crucial requirements for each investor looking to buying property or land is the connectivity. That is the rise in the market price of the property is depending on its good connectivity to the medical facilities, entertainment hubs, retail markets, business centres and all other facilities. • Inflation Inflation is caused by the excess amount of money being in circulation, which in turn leads to the decline of the money value. As this occurs, the prices for various inputs like land price, labour, legal building permits, construction materials, also increase. Obviously, inflation will not affect the increased property prices in a zone if the locality itself is lacking the social and civic infrastructure or poor accessibility. • Demand and Supply Demand and supply are reliant on human behaviour as home buyers favour locations which are sound in infrastructure. Changes in the population are also the key factor for demand. At times customers are ready to pay extra for a property since they find that living in that locality desirable. This kind of demand again takes in the real estate investors, who purchase properties to vend them at a profitable amount when supply slows down. This grounds the land prices in that place to increase even further. So together with the number of people inhabiting in an area, the popularity of the area also affects the increased property price of that area. • Population Growth When there is a large number of customers in the market, then obviously the value of properties increases. The population growth rises the demand for the residential properties and it directly translates into faster appreciation in the real estate prices. The increase in demand inclines to increase in the property value, as it forces customers to buy. · Advancements In Nearby Properties Changes in the nearby areas of the residential property can cause to the changes in the market value of the property. This factor mainly depends on population growth and infrastructure development. Housing units in the major desirable locations are the ones with greater prices. Any sort of development and advance can shift the supply and demand graph of the locality. If you are looking for apartments in the prime locations of Kerala, Varma Homes is your best choice!!! Varma Homes is the most trustworthy builders in Kerala offering superior quality and affordable luxury apartments in Kochi, Trivandrum and Thrissur. We always create the true and the excellent living spaces meeting the desires of our clients. We are always ready to help our customers to stay within their budget and their preferred locations.Read More
The Queen of the Arabian Sea, Kochi is one of the developing metropolitan city in the Gods own country. It is one of the major port city and the commercial capital of Kerala which attracts the huge number of peoples from various nook and corner of India due to its recent development in job sectors. This city holds its own breath-taking scenic views which dive many individuals to settle down in this emerging city. Real estate industry is booming every year and it has stemmed in copious openings for investments around many urban cities like Kochi. This queen of Arabian Sea acts as the gateway of Kerala in the field of residential and commercial properties. This transformed the city as the most preferred location for the real estate builders and professionals who are looking for to settle down by purchasing apartments and villas in the heart of the Kochi. If you are searching for premium apartments with a range of amenities? Now the rapidly changing lifestyle of individuals has led to the vast demand for apartments in Kochi. The demand & craving of investors to capitalise in quality styled apartments inspires builders to present their residential projects with modern and unique styling, along with contemporary skins. Well, Varma Homes, one of the top real estate builders in Kerala are set to offer premium regime apartments in Kochi within the reasonable price. We offer an extensive range of luxury and budget residential quality projects counting with apartments and flats across all over Kerala. Our current projects extend into major cities of Kochi, Thrissur and Trivandrum. We implement our projects with the complete perfection and quality to align with the international standards and we assure you that we did not let you any chance of complaints about our construction process. In Kochi, our major ready to occupy projects like Varma Regent and Varma Maalika - I in the areas of Edapally and Thripunithura are the milestones in our residential projects. The apartments in these locations are built with high tech amenities along with the promise of serene surrounding and secure environment to our clients. We get a positive response and feedback from our residents in these apartments, they are well satisfied with our amenities. Since our major mission is to construct happiness, we are on the path towards ground-breaking delicate lifestyle with our new apartment projects in Kochi. Our major ongoing projects in Kochi are Varma Padipura and Varma Kottaram which offers top class luxury apartments to the customers that are definitely going to creates history in this field. Moreover, our properties are designed with multiple units like 2 BHK / 3 BHK Apartments which set a treasured investment choice for the buyers. We are now undergoing the construction process of Varma Maalika Phase II and we are damn sure that we will catch the hearts of our customers through its top-class facilities. We assure that you can find the real happiness in our apartments that make your life satisfies and comfort. Our gifted architects are dedicated to creating your insides and outsides spectacular. Our major offers to the customers in the Trivandrum and Kochi are they can own their apartments quickly and there avail PMAY Subsidy which let them save up to 2.67 Lakhs. All these features pull residents from other cities in Kerala like to have a second home in this hurried and fast-growing town of Kochi. Thus, the demand for premium lifestyle apartments has flourished due to the development of ever increasing lifestyle values, fast developing urbanization, increased living condition of people and of course huge advancement in the corporate sectors. So, Varma Homes is the best option to get affordable premium apartments in Kochi. Peaceful Living in the Fully Furnished Varma Homes Apartments. Happiness Begins Here!!! An apartment shall not be just be viewed as a home to live. When you expend money on purchasing an apartment that you love, it is significant to check whether there all essential amenities presented in the apartment. It must comprise all the amenities that are required fundamentally and the amenities that make your life at the apartment more relaxed and comfortable. Today, customers are not gratified with an apartment that simply has noble looking rooms or living spaces. They usually seek their dream apartment that must provide superior apartment amenities for their desires and cosiness. Though living in a big city like Kochi, it is highly important to have the appropriate facilities in the apartment. Varma Homes is one of the leading builders in Kochi, provides excellent amenities for their apartments. Let’s take a look at the apartment amenities that are provided by Varma Homes to make your living space truly yours. Children's Play Area Rooftop Swimming Pool Solar Energy Utilization Fully Automatic Lifts of 8 & 13 Intercom Facility Fire Fighting System Rooftop Party Area & Terrace garden Fitness/Clubhouse centre Recreation Space Caretaker’s Room Provision for 24 hrs. Power & Water Supply Facility Water Filter, Sewage Treatment Plant Surveillance Camera At Varma Homes, we focussed on to, not end the relationship between clients by just selling homes, instead, we warmly welcome our customers to our big family, since our beliefs are to provide an endless commitment to customer satisfaction. We are always enthusiastic about providing high-quality homes on time with true love for constructing happiness. We believe in making experiences that should be worth for your money!!!Read More
Opportunities are cropping up for NRI investors amidst these unprecedented times. Like all other industries, the real estate sector was hit hard by the pandemic crisis, and it is now experiencing a significant spike in the niche market. This is mainly because those NRIs who have returned to Kerala as a result of the COVID-19 pandemic and subsequent lockdowns have learnt that investing in real estate is the right option for them. The market has turned more favourable for making investments in real estate, particularly in premium apartments and villas. With that being said, let’s take a look at how this time has become a golden era for apartment buyers.A Market In Favour of Apartment Buyers The situation has come to a point where apartments that were once considered a real luxury have now become a basic need for mankind. However, according to industry experts, now is the best time to buy an apartment in Kerala because buyers will likely get great offers and discounts from developers & property prices are expected to rise substantially in the near future. The residential real estate market has in turn become progressively lucrative for NRIs as transparency & investment norms have been eased. With lower interest rates for housing loans, stricter regulatory measures, and the significant drop in property values, have made the deal even better, creating an appealing investment opportunity. Taking the Big Step to get into This Good Investment WindowIt is everyone's dream to own the home of their dreams. When NRIs return from the Gulf with their hard-earned money, they're more likely to invest in an apartment with facilities in the heart of the city that fits their lifestyle. They are more focused on providing a good education for their children, a good standard of living, and all the other life-demanding comforts that bring the world to their feet. As an investor, their primary goal is to achieve financial stability while also increasing transparency and trust. Real estate is the best investment opportunity because demand for real estate is increasing, resulting in higher rents and, as a result, higher capital values. So, without a doubt, it is the safest investment option and the preferred choice for one's safety, stability, and security. Are you a Gulf returnee looking to invest your hard-earned money in one of the best cities in God's own country, Kerala, to buy your dream apartment? Take advantage of the current real estate market's opportunities; go ahead and put it to good use to achieve your lifelong goal. Make sure you buy your dream apartment from a reliable and reputable builder in Kerala.Find Your Dream Apartment from Kerala's Best Real Estate Builder If you have a strong desire to own your dream apartment and want to buy it from Kerala's most trusted builders, your search ends here! Varma Homes is the ideal partner for you because it is one of the Kerala's most trusted builders. We believe that happiness should be a worthwhile investment. With our perfect quality and integrity, we have earned the reputation of being a builder that customers can approach with confidence. In Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode, we have residential projects with excellent construction quality and all modern amenities, providing you with the best options for your long-term investment. If you want to own an apartment in your desired location, Varma Homes could help you! You will now be able to benefit from some special offers on our projects. It's a limited-time offer, so hurry up to realize your investment dream with us and embark on a new investment venture!Read More
Everyone 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 More
The real estate market in Kerala has undergone significant changes over the last decade. As the economy has grown and the population has increased, the demand for luxury real estate has also risen. The changing landscape of luxury real estate in Kerala presents both opportunities and challenges for developers and buyers.Opportunities:1. Growing Demand: As Kerala's economy has grown, so has the demand for luxury real estate. The state has a large number of affluent individuals and NRIs who are looking for premium properties. Luxury homes offer modern amenities, high-end finishes, and a comfortable lifestyle, which are increasingly being sought after.2. Rising Income: With the increase in disposable income of individuals, there has been a growing demand for luxury homes in Kerala. Many professionals who have returned to Kerala after working abroad or in other states are looking for premium homes that match their lifestyle.3. Tourism: Kerala has become a popular tourist destination, and the demand for luxury vacation homes has risen significantly. Many investors are buying properties in prime locations to convert them into vacation homes or homestays.4. Attractive Investment: Luxury real estate in Kerala is a lucrative investment opportunity. Properties in prime locations, with unique features and amenities, tend to appreciate quickly and offer high rental yields.Challenges:1. High Prices: Luxury homes in Kerala are priced higher than other types of properties. This makes it a challenge for many buyers to make it financially viable, and developers must ensure that the amenities and features offered justify the higher costs.2. Lack of Infrastructure: Many luxury properties in Kerala are located in areas that lack basic infrastructure facilities such as proper roads, electricity, and water supply. This poses a challenge for developers to provide these amenities and create a comfortable living environment.3. Regulatory Challenges: Real estate development in Kerala is subject to strict regulations and government approvals. Obtaining permits for construction and project completion can be a lengthy and complex process, adding to the cost of the project.4. Competition: The luxury real estate market in Kerala is highly competitive, with many developers vying for the attention of affluent buyers. Developers must ensure that their properties offer unique features and amenities that set them apart from others in the market.Conclusion:The changing landscape of luxury real estate in Kerala offers both opportunities and challenges for developers and buyers. While the growing demand for luxury homes presents a lucrative investment opportunity, developers must ensure that their properties offer unique features and amenities that justify the high cost. Buyers, on the other hand, must carefully consider the location, infrastructure, and regulatory requirements before investing in luxury real estate in Kerala. With careful planning and attention to detail, developers and buyers can navigate the changing landscape of luxury real estate in Kerala and benefit from this growing market.Read More