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Pre-Approved Home Loan & Take a Step Closer To Your Dream Home

Looking ahead to the point where you want to avail pre-approved home loan to buy your dream home. Owning a home is everyone�s dream and most of us save up our hard-earned cash towards fulfilling this dream. However, our savings are not sufficient to achieve it, for this home loans options are there. After zeroing on the dream home the second biggest hurdle facing the home seeker is to obtaining a home loan. For this now, banks and financing institutions are providing loans much more handily than before. Pre-approved home loans are one of the most convenient and hassle-free ways to gather funds towards a home that you desire. It is the best way, as one will get a clear hint about the budget available for making the buying. This will aid you in thinning down the choices available and would be useful in finishing the transaction as quickly as possible.

What Is A Pre-Approved Home Loan?

Pre-approved home loans are slightly different from conventional home loans.� It is mainly based on the refund capability of the person and not fully reliant on the property itself. One does not want property papers or related documents to apply for pre-approved home loans. I.e. it is a hassle-free method and processing will be fast with bare minimum documentation. The bank or the financial institute can give a stipulated amount of time once the approval of a loan to finalise the property. If anyone fails to finalise a property within the stipulated time, one should reconsider his application at a nominal cost.�

What Is Pre-Approved Property?

Nowadays, mostly all builders get their residential projects pre-approved by lending institutions. The pre-approved property means that the particular financial institute has verified all technical and legal documents of the projects and has found them in order. Therefore, any buyer, who applies for the home loan for this property, do not require any legal verification.

Key Points to Consider While Applying for a Pre- Approved Loan

Pre-approved loans are like �Invitation to Apply� (ITA) offer and hence it is valid only for a certain period of time. Therefore, the client needs to apply in the specified time frame to be qualified for the offer or the aids it brings.
Enquire about the prepayment & pre-closure charges.
Compare available features and interest rates.�
Look for zero processing charges.

Important Features of Pre- Approved Loan

Faster loan disbursal: As most of the verification is done during the pre-approval phase, it becomes faster to get the loan disbursed once the property is finalised. In such a case, banks only verify the property documents and give the final approval, which helps buyers of properties that have a shorter window of the transaction and have a time limit involved in their transaction.
Lower Interest Rate: Pre-approved home loans may come with a lower interest. As the bank has already checked your income, current balance, repayment history and savings, it becomes clear that they are certain about you paying the installments on time.
Focused house hunt: The housing market deals horde of choices to buyers containing apartments, villas, independent houses, floors etc. Knowing one�s loan eligibility benefits the candidate to limit the search and focus on the property comes under that budget category. This saves time and effort as the properties falling out of the scope will not be considered.
Minimum Documentation: A pre-approved loan is offered to the existing customers, that is why minimum or no documentation is required, and the process is a hassle-free.
Better negotiation power: Having a pre-approved home loan enables you to negotiate with your seller. The builder will be aware that your funds are in order and that you are a genuine buyer as pre-approved loans are available for a particular period only.

You can start planning for your home and be ready to purchase it at the right time without having to deal with a last-minute loan rejection. Whether you are looking for the top builder in Kerala for owning your dream apartment, then you can heed towards Varma Homes. Step into Varma Homes and feel the magic of luxurious living along with zero concerns about taking of loan in order to make up for what is a shortage.� As we have the tie-up with all major banks, and we offer pre-approved loans for all our projects, which makes the entire process a whole lot stress-free. A pre-approved loan always gives a head start that regular loans do not and it makes loan disbursement convenient and easy for you. We offer apartments at the most-desired places in Kerala such as Kochi, Thrissur and Trivandrum with excellent amenities to give you the best lifestyle like no one else.� Now the good news for buyers is that you have to pay only 10% for the booking of your apartment. In addition, we provide some special offers on spot booking in some zones. So book your dream apartment now by paying only 10% with instant loan approval and take a step closer to living in your dream home!

Come, experience the magnificence of Varma Homes apartments that match your requirements and balances your lifestyle!

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Mar 17, 2023

Top Reasons for Property Investment in Trivandrum

Trivandrum, also known as Thiruvananthapuram, is the capital city of Kerala, a southern state in India. Known for its rich cultural heritage and scenic beauty, Trivandrum has become a popular destination for tourists and investors alike. Property investment in Trivandrum has been on the rise in recent years, and there are several reasons why.High Rental YieldTrivandrum has a high rental yield, making it an attractive destination for property investors. The rental yield in Trivandrum is around 5-7%, which is higher than many other cities in India. This means that property investors can expect a good return on their investment in Trivandrum.Growing IT IndustryThe IT industry is one of the fastest-growing sectors in Trivandrum. The city has several IT parks, including the Technopark, which is the largest IT park in the country. The growth of the IT industry has led to an increase in demand for residential and commercial properties in Trivandrum.Infrastructure DevelopmentTrivandrum has seen significant infrastructure development in recent years. The city has an international airport, a well-connected road network, and a proposed metro rail system. These developments have improved connectivity and accessibility, making Trivandrum an attractive destination for property investors.Tourist DestinationTrivandrum is a popular tourist destination, with several beaches, historic monuments, and cultural sites. The city attracts a large number of tourists every year, which has led to an increase in demand for holiday homes and rental properties. Property investors can expect good returns on their investment by catering to the tourist market.Education HubTrivandrum is home to several prestigious educational institutions, including the Indian Institute of Technology (IIT) and the Indian Institute of Space Science and Technology (IIST). The presence of these institutions has led to an increase in demand for student accommodation and rental properties.LifestyleFast increase in the number of shopping malls & centres, multiplexes, international food chains and other commercial hubs, has led to more activity in the city, lending it a multicultural cosmopolitan lifestyle.Affordable Property PricesCompared to other major cities in India, Trivandrum has relatively affordable property prices. This makes it an attractive destination for property investors who are looking for good returns on their investment without having to spend a lot of money upfront.In conclusion, Trivandrum is a city that offers a great investment opportunity for property investors. With its high rental yield, growing IT industry, infrastructure development, tourist destinations, educational institutions, safe and secure environment, and affordable property prices, Trivandrum has everything that property investors are looking for in a destination.Varma Homes offers a team of specialists that are well-versed in the real estate business, including current trends, price, and regulatory requirements. You may obtain helpful information and advice on several elements of the real estate process by consulting with us, such as discovering suitable houses, negotiating transactions, and managing legal requirements.

Jul 25, 2023

The Best Neighborhoods to Buy a Home in Kochi, Thrissur, and Trivandrum

Finding the perfect neighborhood to call home is crucial for any prospective homeowner. In the captivating state of Kerala, known as 'God's Own Country,' the options are numerous and varied. As established builders in Kerala, we have a deep understanding of the real estate landscape across the region. In this guide, we delve into some of the top residential neighborhoods in cities like Kochi, Thrissur, and Trivandrum, providing insights that can assist you in making an informed decision for your next home purchase.Kochia) KakkanadKakkanad in Kochi is a hub for IT professionals, with significant IT parks like Infopark and SmartCity, attracting many experts. This area is a bustling employment center, hosting global corporations and startups. The infrastructure in Kakkanad is well-developed, with modern residential complexes, shopping malls, restaurants, and entertainment centers. Additionally, there are schools, hospitals, stores, and recreational facilities available in the vicinity. With easy access to the rest of Kochi via major arterial highways like Seaport-Airport Road and Kochi Bypass, public transit options such as buses and auto-rickshaws are also readily available. If you're looking for flats in Kochi, Kakkanad is an excellent choice due to its major location in Cochin.b) Panampilly NagarPanampilly Nagar is adjacent to the city center, making it easy for people to access numerous facilities and services. It is convenient to commercial districts, shopping malls, hospitals, and educational institutions. The neighborhood has a well-developed infrastructure, including large, well-kept streets and modern residential complexes. It has a variety of amenities, including supermarkets, restaurants, cafes, shops, and retail malls. Residents can also enjoy recreational spaces and parks.Panampilly Nagar is well-known for its tranquil residential atmosphere. It has tree-lined streets, grassy areas, and a well-planned layout. The neighborhood is mostly residential, providing people with a serene and quiet environment. Several reputable educational institutions, including schools and colleges, can be found in Panampilly Nagar. This makes it an appealing option for families with children because they can get a great education in the neighborhood or close by. Panampilly Nagar is regarded as a secure area with a low crime rate. The presence of residential associations and observant community members helps to keep the environment safe. The neighborhood is well-connected to the rest of Kochi. It has well-developed road networks and public transit choices like buses and auto rickshaws. Also nearby is the Ernakulam South railway station. While Panampilly Nagar has many benefits, it is always a good idea to visit the area, explore the amenities, and evaluate personal preferences and requirements before making a decision.c) Marine DriveMarine Drive runs along the scenic coastline, providing stunning views of the backwaters and the city skyline. The picturesque setting offers people a tranquil and peaceful environment. Marine Drive is adjacent to the city center, allowing homeowners easy access to a variety of attractions and services. It is close to commercial districts, shopping malls, restaurants, and entertainment venues. The neighborhood has well-kept paths and parks along the shore, giving inhabitants plenty of chances for outdoor activities such as running and leisurely walks. The Marine Drive Promenade is a favorite area for residents to relax and take in the scenery. Marine Drive's infrastructure is well-developed, with large, well-paved highways and sophisticated residential complexes. Supermarkets, cafes, restaurants, and shopping centers are available in the neighborhood. It is also close to hospitals, educational institutions, and other important services. Marine Drive is well connected to the rest of Kochi. It has well-developed road networks and public transit choices like buses and auto-rickshaws. Thrissura) PunkunnamPunkunnam in Thrissur is conveniently situated near the city center, providing easy access to a range of amenities and services such as schools, hospitals, retail malls, and government buildings. Known for its tranquil residential vibe, the neighborhood boasts tree-lined streets and a relaxed atmosphere, making it an ideal choice for those seeking peaceful living. There are various housing options available, including single-family homes and apartments, to suit all budgets and lifestyles. Additionally, Punkunnam is home to several reputable educational institutions, making it an attractive option for families with children. If you are looking for apartments in Thrissur, Punkunnam is definitely worth considering.b) AyyantholeThe serene and residential ambiance of Ayyanthole is well-known. The neighborhood is made up of a mix of independent houses, villas, and flats, giving people a variety of housing alternatives. Ayyanthole is distinguished by its lush surroundings and natural beauty. The neighborhood is peppered with parks, open spaces, and tree-lined streets, providing a quiet and tranquil atmosphere.Ayyanthole is close to key amenities such as schools, colleges, hospitals, supermarkets, and retail malls. It is adjacent to the city center of Thrissur, allowing inhabitants to quickly access vital services and facilities. The neighborhood is well connected to the rest of Thrissur. It is well-connected by highways and has public transit alternatives like buses and auto-rickshaws. The Thrissur Railway Station is also close, making it easy to commute to other places.c) Vadakke StandBecause of its close proximity to Thrissur Railway Station, Vadakke Stand has great connectivity. It is well-connected to the rest of the city by numerous kinds of transportation, including buses and auto-rickshaws. This can be beneficial for people who need convenient access to public transportation.The area is well-known for its thriving business activities. It is home to a number of marketplaces, shopping malls, and commercial organizations. This might be advantageous for those who wish to live close to retail and business facilities. Vadakke Stand is near vital services, including hospitals, banks, educational institutions, and government offices. This might be useful for those who like to have these facilities nearby. Because of the presence of business activity and the train station, the neighborhood is recognized for its lively environment. This might be advantageous for people who love a lively and dynamic workplace. If you want a calmer and more pleasant living environment, this may not be the neighborhood for you. Vadakke Stand may encounter increased noise and congestion due to its closeness to the train station and business centers, especially during peak hours. Individuals who prefer a calmer and more serene home atmosphere may not be interested in this feature.Trivandruma) KowdiarKowdiar is well-known for its elite and affluent status. It is one of Trivandrum's most wealthy neighborhoods, with well-kept residences and a high level of life. Kowdiar is home to several important persons and families. Kowdiar is distinguished for its beautiful flora and well-kept surroundings. The neighborhood offers a peaceful and pleasant atmosphere, with tree-lined streets and plenty of open space. It provides a serene and tranquil living environment. Kowdiar is located in the heart of Trivandrum, near the city center. Kowdiar has a great infrastructure, with well-paved roads, dependable utilities, and enough sanitary facilities. The neighborhood has a variety of attractions, including high-quality educational institutions, healthcare facilities, restaurants, and retail centers.b) SasthamangalamSasthamangalam is located in a good area of Trivandrum. It is close to the city center and has easy access to a variety of services such as schools, colleges, hospitals, retail malls, and government offices. Because of the neighborhood's central position, inhabitants may easily travel to other sections of the city. Sasthamangalam provides a tranquil and residential setting. With tree-lined avenues and a relatively tranquil setting, it is noted for its calm and pleasant vibe. The region is mostly residential, making it an excellent alternative for individuals seeking a peaceful living environment. Sasthamangalam is surrounded by natural beauty, including hills and lush grass. The surrounding area offers stunning vistas of the Western Ghats as well as chances for outdoor activities such as walks and climbs. Sasthamangalam, with its alluring surroundings of the Kowdiar Palace and Karamana River, is a sought-after location for families with children. The presence of reputable educational institutions, such as schools and colleges, in or near the neighborhood further adds to its appeal. For those looking for apartments in Trivandrum, Sasthamangalam offers the advantage of being within easy reach.c) PattomPattom is well-known for being home to a number of notable educational institutions, including schools and colleges. This makes it a popular choice for families with children because they may get quality education in their neighborhood or close by. Pattom has a well-developed infrastructure, including well-kept roads, dependable utilities, and adequate sanitary facilities. The neighborhood has a variety of amenities, including supermarkets, restaurants, cafes, and retail malls. Residents can also enjoy leisure areas and parks. Pattom has a range of housing alternatives, including single-family homes, apartments, and gated communities. There are both low-cost and high-end housing options available, catering to a variety of interests and needs.ConclusionFrom the vibrant metropolis of Kochi to the serene landscapes of Thrissur and the historic charm of Trivandrum, Kerala indeed presents a plethora of diverse and desirable neighborhoods for prospective homebuyers. Understanding the unique characteristics and potential each of these areas hold is a crucial part of the home buying process. This guide hopes to have illuminated some of the best locations to consider when choosing your new home. After all, the right neighborhood can greatly enhance the living experience, turning a mere house into a cherished home

Mar 21, 2022

Great ways to choose a safe abode for the elderly in your family

When a person is young and vibrant, buying a property, especially an apartment, with basic amenities seems suitable. But those amenities seem to excessively sideline the needs of an aged person in most of the urban clusters. This elderly stage, which is appropriately called the second childhood, definitely needs the right concrete development that best fits all of their requirements. With an annual growth rate of 3%, the senior population is expected to reach 319 million by 2050. So, creating a favourable environment for the aged generation should be a priority. The majority want to live in a serene setting with people who share their similar interests. Luckily, there are ample facilities available in this era to gratify their wish for a safe and caring abode. Let us look at the factors that need to be considered while choosing an apartment for senior citizens:Be Understanding First and foremost, be sensitive to their feelings and requirements. Do not make picking an apartment seem like a daunting process to them. Never jump into buying any apartment without considering the services that the builders offer. A careful study and analysis should be done before selection so that the lives of your loved ones become happy and hassle-free. A Reasonable BuyThe majority of senior citizens who purchase a home do so using their retirement funds. And having a home after they have passed their early years may appear to be a significant burden. Most financial institutions provide older adults with home loans with terms that can run until they reach the age of 75. But taking out a loan is unlikely to aid a senior citizen. Therefore, finding a property with all their necessary comforts and also one that will fit their budget is crucial. Access to Conveniences A senior citizen-friendly development should include ramps and elevators, as well as be constructed to accommodate the needs of its older people. Fewer accidents happen at homes when skid-free surfaces, easily accessible elevators, ramps with side rails, and support handles in bathrooms and balconies are assured. Inside the residence, there should be no unnecessary furniture or modifications. Search for an apartment that allows you to make such adjustments to the decor. Health & Well-being Check out properties that are close to mental and physical wellness centres and have access to 24/7 medical assistance. It's also crucial to make sure that transportation is available in the event of an emergency medical situation. Choosing places with peaceful surroundings could be a wonderful idea if you have easy access to diagnostic centres, medical shops, and other necessities. Upgraded Security Security is a factor that cannot be overlooked, given how vulnerable the elderly are. It is critical to have a security system in place to ensure their safety and avoid any unwanted hazards. For peace of mind, a secure development with effective security services is required. Security guards trained in fire safety and first aid should be on duty 24 hours a day in apartments with CCTV surveillance. Transportation System From the standpoint of the elderly, easy access to public transportation from home is one of the most desired amenities. Because of their age, the majority of older citizens rely on public transportation such as buses, autos, and trains. It would be advantageous if the bus stop and train station were both within walking distance of the apartment. Recreation Apartments with recreational areas are great for the elderly to take a break and restore their sense of peace. If not, look for flats that are close to gardens and parks. This also provides a place for senior citizens to go for walks and socialise. Elderly people like engaging with others, which helps to alleviate loneliness by keeping them active throughout the day. Always choose a trusted builder while entrusting the safety of your loved ones. Varma Homes has effectively established itself as one of Kerala's most trusted builders since its inception. With the most advanced facilities and eco-friendly aspects, we present you with a modern lifestyle of luxury, convenience, and comfortable living. We've made it our full-time goal to provide the best service and quality in our pricing range, and we've succeeded time after time. Currently we have apartment developments in Kochi, Tripunithura, Thrissur, and Thiruvananthapuram.

Apr 12, 2018

NRI Investments in the most expensive real estate markets in kochi

Owing Apartments in Kochi is the biggest dream of NRIs and the middle class people. Kochi is basically said to be an investors� market and these investments of both the NRIs and the middle class people have fuelled up the growth in the city. Kochi has seen a massive growth in its IT sector and Infrastructural development through NRI investments. Kochi is one among the most expensive real estate markets in India. Significantly, the populaces with an annual income of 13 lakhs and above only can consider buying residential projects in Kochi. Furthermore, the average price of the new apartment projects in Cochin and the rental value is noticeably getting high in the commercial capital of Kerala. The city of Kochi is already in the process of progressing from the small town into a metro city. The major places like Tripunithura, Vyttila, Fort Kochi, Kakkanad and Edappally are becoming part of the prime residential locations in Kochi. Many number of new apartments in Kochi are found available for sale and rent in these places. Nowadays, the home buyers who are most interested in investing in flats in Kochi are the salaried classes - the NRIs and the middle class people. And both these classes are specific about the facilities and the amenities offered by the flat builders in Kochi. They are also price conscious and are not willing to spend their hard earned money on investing in the independent homes especially because of the unreasonable hike in the prices of such properties in Kochi. In order to help the home buyers in buying their dream homes, the Government of India is planning to drop the GST rate for property purchases under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. As NRIs are not dependent on home loans for buying new luxury flats in Kochi, the middle class people are the most beneficial with the Pradhan Mantri Awas Yojana (PMAY) Scheme in India. Under the scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable. The younger generations are also into investing in new luxury apartments in Kochi mainly because of the increase in number of IT companies, rapid progress of the transportation sector and improved communication in the metro city. With the advancement of metro rail, youngsters also prefer to buy new flats in Kochi which are even farther from their workplaces.

Oct 04, 2023

Why Real Estate Investment in Kochi is the Best Option

The populaces from outskirts are getting well employed and shifting to metropolis due to faster infrastructural development and greater career opportunities. With higher availability of jobs and better educational possibilities, the greater Cochin is immensely growing at an incredible pace due to huge investments of IT sectors in its locations. In case of Trivandrum and Thrissur, they are also the larger IT hubs creating enormous career opportunities. The basic reason for this growth is the heavy inflow of NRI funds from people settled abroad. The IT sector is booming at a lightning speed and thereby generating many more job opportunities in these cities. In case of Kochi and Trivandrum, with such a massive growth happening since a couple of decades and with many more job openings; most families have one or more persons as bread-winners. And their surplus income is used to invest into flats in Kochi and Trivandrum. If you are making a wise decision to buy a property in one of the prime locations from the best builders in Cochin then you are almost guaranteed with the asset value appreciation in the future. You can either live in your own flat or you can enjoy the lease/rental income accrued out of it. And with the rent and lease options, you are also assured with a very high rate of monthly returns from the higher income groups who are in search of such properties available on rental or leasing basis. Varma Maalika and Varma Regent from Varma Homes are the ready to move flats in Cochin conveniently positioned in the most happening residential locations of Kochi city. Varma Dr. Pai's Heritage the super luxury apartment project of Varma Homes is the ongoing Flats in Trivandrum located at the heart of the city. Varma Spectrum, the upcoming Apartments in Thrissur is one of the prestigious projects of Varma Homes. If you are someone looking for real estate investment in the major residential locations of Kerala, then do consider Varma Homes, the reputed builders in Kochi.