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Is Now The Right Time To Buy A Flat In Trivandrum?
Kerala is renowned for having an abundance of natural beauty thanks to its many palm-lined beaches, beautiful lakes, and the mysterious and deep Western Ghats. However, Kerala also draws folks wishing to buy a house and start a family as well as tourists. Although Trivandrum is the state's capital, it is still regarded as a youthful city that is expanding quickly in both horizontal and vertical directions. It is a wonderful spot to invest.
Everyone 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 home buyers 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 multi specialty hospitals in the country, the city is also highly renowned for its top-notch educational institutions and medical travel.
In addition to all of this, Trivandrum is home to Technopark, one of the biggest IT centres in the nation, which employs over 60,000 techies from throughout the nation. The need for new residences in Trivandrum is also being fuelled by this rebellious population, and developers are responding by offering a large number of flats for sale in prime Trivandrum locations. Over the past few years, the nation has experienced a number of revolutionary developments, including the installation of RERA, GST, and demonetization.
And when the current pandemic finally brought an end to these ups and downs, a complete shift in attitudes occurred in the minds of individuals who were still debating whether to buy a property. Here's a closer look at some of the elements that make it a good time to purchase apartments in Trivandrum:
Tangible Asset
This is the ideal time to invest in real estate due to a recovering economy and employment stability. Most people learned the value of having material possessions and a place to call home during the pandemic. Additionally, they started to pay closer attention to their family's security and started to invest in reliable assets. Purchasing a flat will also provide you with solid investment returns because rental incomes are expected to stabilise.
Home loans
The 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 CBIL score. CIBIL scores between 750 and 800 entitle you to very reasonable EMIs for the duration of your loan.
Perks
A 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.
Buyer's Market
You can easily get quality properties at the rates of those in the affordable segment. 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 Boom
A 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.
All this makes the current time to be the right time to buy luxury flats in Trivandrum. Come be a part of the Varma Homes family today and invest in a flat in Trivandrum - while the time is still right!
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Best Choice for the Real Estate Investment in Trivandrum
Are you looking to invest your money for long-term benefits? Then real estate is the best option for you. For anyone fascinated in building prosperity, investing in real estate is one of the best means to do it. It is one of the most reliable forms of investments and using your money for acquiring a property comes with numerous benefits to its credit. That is why real estate investment is the key choice for investors. You can enjoy tax advantages, reasonable returns to build your prosperity. Here are some reasons why real estate is the best option for you as a great investment. ? High Tangible Asset Value There will always be value in your land, and home. Other investments will leave you with very little to no tangible asset value like a stock, which may dip to zero, or a brand new automobile that depreciates over time. However, real estate investments have always been considered as an asset with superior value. ? Provides Excellent Returns than the Stock Market without As Much Volatility Real estate bids you more control of your investment as your property is the tangible asset that you simply leverage to maximize various revenue streams, whereas enjoying capital appreciation. ? Portfolio Diversification Diversification potential of real estate is another reason for investing in real estate. It has a low and in certain cases negative correlation with other chief asset classes. It means that the addition of real estate to a portfolio of diversified assets can lesser portfolio volatility and offer a higher return per unit of risk. Real estate will permanently serve as a safe tangible asset to mitigate the risk in your portfolio. ? Numerous Tax Benefits The tax benefits for the investments in real estate are numerous. It relies on the investors and how they use these investments to the best of their advantage. You’ll be able to get tax deductions on mortgage interest, income from investment properties, operational expenses & prices, insurance, depreciation, property taxes, and many other benefits. These breaks in taxes are truly helpful to people who deal with real estate as their long term business. Real Estate in Trivandrum Being the capital of Kerala, Thiruvananthapuram is standing as one of the most enthralling cities in our nation. It is world famous with its rich cultural heritage making it one of the best tourist destinations in the country. It is no surprise that being one of the major capital cities in India, Trivandrum has shown tremendous growth in the real estate market over the past few years, especially in the apartments and villas sector. With much to offer, Trivandrum is setting new strategies for developing its economy and infrastructure that draws investors even from far away cities to invest in the very safe real estate market. It is expected to boom even further in the coming years. Now the city has also emerged as one of the biggest ever IT hub of India over the years making it a sought after destination by professionals all over the world to come and settle down with their family. While comparing real estate growth in other cities, Trivandrum has been quite steady. Now the demands for residential homes in Trivandrum has reduced as most of the individuals prefer apartments or flats. This is because of the ease of access to all the necessities for a well-being in Trivandrum. Knowing this reality most of the developers have come up with totally different choices from budget to high-end luxury apartments at most cost-effective money plans. Trivandrum is an abode for various government establishments like Technopark, and numerous alternative projects lead to the giant range of population within the town. So the demands for real estate growth and the well-reputed builders increased. Varma Homes being the leading builders in Trivandrum has ensured the path of luxury living for people who looking for apartments in Trivandrum with premium facilities at reasonable prices. Considering the probabilities of future developments, investments in luxury apartments in Trivandrum will be an attractive choice. Step into Your Dream Home & Experience the Real Beauty of Dr. Pai’s Heritage from the House of Varma Homes! Varma Dr. Pai’s Heritage is the unique apartment located at the heart of the city, Poojappura. It is a super luxury apartment with 2 & 3 BHK apartments handcrafted with luxurious amenities. Cherry-pick your dream home from our unique choice of apartment in Trivandrum we deliver beautiful designs with soothing hues of nature, world-class features and spectacular ambience. Dr. Pai’s Heritage is close to all major social infrastructures like hospitals, reputable schools, colleges, railway, airport, metro rail etc. bequeathing upon you an unparalleled quality of life. We assure that we give you the best apartment that symbolizes premium quality. We have our premium quality apartments in major cities of God's own country apart from Trivandrum like Kochi and Thrissur. Come and check out our incomparable apartment in Trivandrum, we are sure that you will be spellbound. Now it is the right time to make an investment in real estate and to realize your dream home with us!
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STEPS TO SPEED UP THE HOME BUYING PROCESS
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!!!
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Importance of Using RERA Website before Buying Property
Buying a home is one’s lifetime event and it requires a great deal of effort, time, and money. From the years ago, buying an under construction apartment or flat was a risky choice. But now the introduction of Real Estate Regulation and Development Act (RERA) has revolutionized the entire real estate industry and turned it as a productive platform for new buyers. With the enactment of the RERA, buyers can now stop concerning fake practices that formerly were an essential segment of the real estate industry deals which comprises properties under construction. They are: ? Fake agreements of sale ? Delays in passing over properties ? Unprepared changes in construction plans ? Absconding builders ? Acquired illegal permissions Real Estate Pacts in RERA It is true that the before RERA, the real estate industry faced challenges. But now the real estate industry of Kerala has moved out over an extreme makeover when the implementation of the RERA occurred. It helped to generate more reasonable and fair transactions among the home buyers and developers of villas & apartments, making purchases more simple, clear and liable. RERA has formed a pool of buyers who can positively choose for any apartments or luxury flats which is under construction. So let’s check out how the RERA has transformed the earlier norms in the real estate sector. Compulsory Registration Projects with a plot size of minimum 500 sq. meters or having more than eight apartments must be registered with the corresponding state’s RERA. Current projects where the occupancy certificate or completion certificate has not been delivered are also required to meet the terms with the registration requirements under the RERA. These aids guarantee that developers & their real estate projects are genuine and they follow every criteria of authority specified as per the Act. Thus when the construction of the apartment begins, the right of buyers are secured under a registered developer. Reserve Account The prime reason for the delay of projects was due to the fund collected for a project, would consistently be diverted to new projects. To stop such diversion, promoters are now compulsory to submit 70% of all projects receivables into a distinct reserve account. The profits of such account can be used towards land & the construction expenditures and will be essential to be certified by an expert. Frequent Disclosures by Developers After the RERA implementation, home buyers can be able to regularly monitor the work progress of their projects on the RERA website since developers will be needed to submit the periodic work progress submissions on the website. Penalty Even if the best builders, made delay for handing over projects, they have to pay compensation. As the government can impose a stiff monetary penalty which may up to the 10 % of the project cost on the builders. There are also other punishments like imprisonments against violators who generate unnecessary massive delays or fraud in the projects. No Longer Exist Pre-Launches without Approvals Based on the rule of RERA, no pre-launches of projects is permitted without getting the approvals from the development authority or local municipal & without acquiring registration from the controller. This allow buyers to confidently invest in the apartments or villas of their tastes which has recently been launched. As of the arrival of RERA act, buyers can stop worrying about their project work progress. The buyer only need to choose apartment from the best builders at the right location. It is also significant to confirm that the possessions for sale have been registered under the RERA. Head off, and never hesitate to purchase an under construction or upcoming apartment with the most trustworthy real estate builder like Varma Homes. All our projects are registered under RERA. We have completed, ongoing and upcoming residential projects in Kochi, Thrissur and Trivandrum which are aimed to construct happiness.
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Is Buying an Apartment a Good Investment in Trivandrum?
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.Advantages of buying an apartment in Trivandrum:High appreciation value: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.Future developments: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 easyStable rental income: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: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. Developed infrastructure: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.Tax benefits: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.Tourism: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.ConclusionBuying 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.
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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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