People now prefer to live luxurious lives, and lifestyles have evolved. The standard of living also increased. Kochi city, a fusion of various religions and cultures, has long been an important commercial centre. Additionally, it is increasingly attracting the IT sector, creating more opportunities. Kochi City is expanding quickly and is on the path to becoming a popular travel destination for everyone. Thanks to a network of interconnected roads and a newly established metro, one can also commute without incident.
Numerous advantages make Kochi the finest place to live with your family. Many people dream of buying a flat in Kochi. Kochi has a host of excellent flats that come with great amenities and on different budgets.
When compared to other metropolitan cities, owning a home in Kochi has some of the most important advantages, like well-connected roads, metro hubs, infrastructural progress, Smart City and Infopark campuses, reputed educational institutions, hospitals, pubs, multi-cuisine restaurants, and heritage spots that attract tourists from across the globe.
Kochi is one of the most vibrant cities in the nation thanks to its way of life, tourist attractions, and variety of services. For those looking for luxury Flats in Kochi, Varma Homes, one of the leading builders in the city, offers a first-rate living environment. The luxury apartments in Kochi's premier locations are exquisitely designed. And let customers experience a way of life that captures the essence of the city.
Every square foot of land matters in Kochi. The international container transhipment terminal, the Smart City initiative and metro connectivity have all contributed to the socioeconomic impetus.
Kochi's history as a significant port. Additionally, as a point of entry for visitors to the state, Kochi is an advantageous location for NRIs wishing to invest in flats and apartments. If you're looking for luxurious flats in Kochi with a variety of amenities, a well-known house builder in Kerala is providing you with a large selection of flats and opulent apartments. Given the current market conditions and investors' desire to profit from quality-styled apartments, Varma Homes designs our residential projects with a harmonious fusion of contemporary and traditional amenities.
Smart developers, like Varma Homes, have invested in apartments in prime locations after realising the potential of this metropolis. For many people, having a home in Kochi is a dream. Varma Homes has positioned itself in places with growth potential. They offer you various options to choose from as no other builder has these many vast numbers of projects going on in Kochi. The apartment is in a prominent position so you know it will provide you with excellent profits in the future.
Apart from the abundance of natural attractions, Kochi provides a diverse range of work and business opportunities for both professionals and regular people. Kochi is becoming one of the popular living locations for Keralites who are in search of luxury flats in Kochi. The benefits of buying a flat or apartment in Kochi are plenty.
Choose Varma Homes as your top option if you're seeking apartments and flats in Kochi with the highest quality standards and dependability.
Mutual Funds/ Shares /Real Estate Confused between mutual funds v/s shares v/s real estate? Get to know how financing in real estate is more constructive than shares or mutual funds. At present time of rising inflation and cumulative costs, it has become very tough to preserve a good régime with a poor source of revenue. It has made persons keen to search for other alternative sources of revenues. While investment looks like a money-spinning choice for extra earnings but again searching too many available alternatives on the niche market is genuinely a hard-hitting job to pick the best among them. Mutual funds, real estate, gold, shares, etc. are some of the key investment choices that one looks into, but each has its own pros and cons. Pros & Cons of Real Estate Real estate can give you benefits like rental income, security against inflation and capital appreciation. If you have a plan to take a home loan, you will get full tax benefits against the interest as well as the instalments. When you invest in the realty market, it is time-saving and money generating which will give you various profits. Pros: Real estate increases in value over time. Convenient and more comfortable to invest and develop with other supplementary securities Concrete and substantial investment Offer remarkable inflation conditions Leverages in real-estate are harmless Cons: • Before finalizing the deal, requires a lot of homework about mortgages, insurance, negotiation, titles, finding the right investment property, etc.• Time-consuming if you plan to rent or sell properties• Capital intensive in nature• Real estate has low liquidity• It requires maintenance Pros & Cons of Other Assets over the Real Estate A share market, equity market, mutual funds are the gathering of buyers and sellers. It is a loose network of financial transactions and not a distinct entity of stocks or shares. Mutual funds are the best way for the average investor to purchase investments which would be too difficult to manage on their own. But the truth is that the stock markets/mutual funds are highly volatile and risky to invest. Let’s have a look at the pros and con of other assets: Pros: When needed, it can be easily transformable into liquid cash Gives investors broad diversification. Less capital intensive in nature The assets are controlled by qualified fund managers Cons: Investments made in these kinds of assets involves a higher amount of risk over real estate Management Abuses Needs in-depth knowledge and understanding while selecting good equity stocks If you wish to begin your investment with a very smaller sum and have high liquidity requirements, with steady investment, then mutual funds would be an excellent choice for you. If you have a significant amount in hand for the down-payment and have very long-term investment goals, then the real estate can give you good returns along with a steady rental income. On the whole, financing in real-estate is less risky than equity shares or mutual funds. To invest in real estate is always an excellent choice, a solid and physical asset will always give immense satisfaction and big mental comfort over other financial assets like a mutual fund or stock. Obviously, mutual funds and stocks are also lucrative, but the risk factor is bigger. On the other hand, real estate is safer and the price of property always goes up after a few years. So returns are almost guaranteed. If you are looking for a property in the prime cities of Kerala with future returns around 60 lakh to 1 crore in five years, then you can come to the Varma Homes. We have ready to move, ongoing and new launch projects in Kochi, Trivandrum and Thrissur. By investing at our projects, you will definitely get a guaranteed return. Our homes are designed for a lifestyle of comfort and convenience and also you can find a range of thoughtfully handpicked amenities to enjoy commutable city living. So get in touch with us to know more about our projects and avail the early bird surprises that await you!Read More
The biggest financial investment most people make in their lifetime is buying a personal residence. It is truly a necessity & dream for all instead of paying rent to someone else. But what about investing in a second home? Is it a worthy investment? There may be many benefits but ultimately investing in a second home is desirable. There are many things to consider ensuring you are taking a smart and brilliant decision. Given below are some of the key factors that you should consider before you invest in your second home. Location It is one of the most crucial factors to consider when it comes to investing in real estate. Most importantly, if you are thinking of purchasing your second home as your income source, then obviously location matters. So, fixing up a home in a great neighborhood will give you the best return on your investment. Quite simply, it will be effortless to sell later. So, a location must have good proximity to all the inevitable things in our day-to-day life. I.e., it includes important amenities such as hospitals, schools, supermarkets, shops, restaurants, malls, public transportation, entertainment facilities, and so on. As you have a boundless number of choices when it comes to purchasing your second home, ensure the location of the property bonds into your need for the home. Cost You must be savvy when you choose to put investment in your second home. Thus, you need to make yourself very well financially, figuring in all the costs that you need to bear as of now just as later, keeping all the estimations prepared. Really at that time would you be able to start to consider purchasing a second home. Loan Let us imagine that you need more funds lying around to purchase a subsequent home – you will require a home loan. You need to consider different aspects before picking a home loan such as: is it safe to say that you are qualified for one? What is your credit score? Can you be able to pay off the loan in the specified time without compromising on your financial safety? When you are sure that you will actually be capable of satisfying these conditions, then you can proceed. Lifestyle After all the examination, calls & visits, you decide to make your second home a weekend stay home, you can surround a property that is a reflection of your lifestyle. You can plan and adorn the property in the way you wish. You can drive up to the spot any time you need and make the most of your time there before you head back to your hectic routine. This is unquestionably a significant factor to consider before purchasing a subsequent home. The Return on Investment Another crucial factor to consider is the potential return on investment of the property. Numerous elements become possibly the most important factor, for example, the location of the home, rental scopes, social infrastructure & good connectivity to neighboring cities. Investing in a home with a high return on investment will subsequently give higher long-haul returns. Remembering this, it is a smart thought to invest in quickly appreciating areas where the investment isn't as high as the well-established localities. Furthermore, there is more scope for higher appreciation year after year. Income Option If you decide to purchase a second home as an investment then you can lease the spot – a splendid method to make back the initial investment on the sum it took to buy the house. Regardless of whether to lease the house for the long or short term will rely totally upon how you choose to manage the spot in the end. Owning a second home is a big decision & a big milestone in your life. Irrespective of whether the house is an investment or get-away property, the demand for land properties is on the rise. Numerous people discover real estate to be a more secure & long-term investment than others. Also, the happiness from owning a second home is far more substantial. If you are now looking for a second home that will suit you? Then head out to Varma Homes, the most trusted real estate builder in Kerala, and discover your dream home! We construct living spaces that really matter for your happiness. We have our strong presence in all major prime locations of Kerala such as Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode. So, hurry up, now the decision is up to you…Read More
Not doing enough researchExplore the neighborhood in which the apartment is located. Consider considerations such as safety, schools, amenities, public transit, and proximity to work or other vital destinations. Investigate the building and the individual apartment you're interested in. Check for any red flags, such as maintenance difficulties, construction violations, or previous litigation. Take note of the unit's size, layout, and condition. Examine your finance alternatives, including loans, down payments, and closing expenses. Make sure you understand your budget and the whole cost of purchasing the flat. Investigate the local real estate market to learn about current trends, pricing, and inventory. This might help you make a competitive offer and negotiate a reasonable price. Investigate any planned or proposed development in the region. Varma Homes provides the finest solutions on all of your questions.Ignoring hidden costsAttorney expenses, title search fees, appraisal fees, and transfer taxes are all examples of closing costs. These expenses can add up to thousands of dollars and should be budgeted for. Maintenance, facilities, and other services will almost certainly need monthly or yearly costs. Be certain you understand the total cost of these fees as well as what they cover. Property taxes might vary depending on where you live and can drastically increase your monthly loan payment. Be sure you understand the local property tax rate and how it will affect your budget. Utility rates vary by area and might increase your monthly spending. Make sure you are aware of the average utility prices in the region and add them into your calculations. You will be responsible for your apartment's repairs and maintenance. Create a budget for these expenses and include them in your overall financial strategy. You may prevent surprises and have a realistic budget for homeownership by checking for hidden fees before purchasing an apartment.Not considering resale valueEven if you want to live in the apartment for many years, you never know what events in your life may occur that will necessitate the sale of the property sooner than intended. You may preserve your investment in real estate by considering resale value when purchasing an apartment. You want to ensure that the property's worth will increase rather than decrease over time. When you consider the resale value, you are more likely to make better decisions about the apartment's location, size, and amenities. You should select a house that will appeal to a diverse range of purchasers, not simply your own particular preferences. You will have greater freedom if you need to sell the home sooner than intended if you choose an apartment with a high resale value. You will be able to sell the home faster and for a greater price, allowing you to move on to the next opportunity. If you want to rent out the flat in the future, taking resale value into account might help you earn a higher return on your investment. A higher resale value home will be more appealing to potential tenants, allowing you to charge greater rent and create more cash.Not getting a professional inspectionWhen purchasing an apartment, skipping a professional inspection might be an expensive error. A professional inspection is an important component of the home-buying process since it may help you detect possible issues with the property before making an offer. A professional inspection may assist in identifying possible apartment problems such as structural concerns, electrical issues, plumbing issues, and mold or insect infestations. This data can assist you in making an educated choice about whether or not to purchase the property. You can bargain with the seller to have repairs fixed or to decrease the price of the home if you notice possible concerns early on. This can save you money in the long term and keep you from incurring unforeseen charges. An expert inspection can provide you peace of mind by providing you with a thorough picture of the property's condition. You may be certain that you are making an educated selection and that there will be no unpleasant surprises once you close on the property. This also aids in the planning of future maintenance and repairs. Understanding the property's state allows you to budget for future expenditures and prioritise repairs depending on their urgency.Rushing the decisionMaking a hasty selection might result in buyer's regret. You could discover too late that the property isn't a good fit for you, or that you passed up a better chance. If you make a hasty selection, you may lose out on alternative properties that are a better fit for you. Take the time to investigate many choices and weigh the benefits and drawbacks of each property. If you make a hasty judgement, you may overlook possible issues with the property. When making an offer, it is critical to properly inspect the property and check all essential documentation. Overspending might also result from rushing the choice. Spend time researching the local real estate market and determining the worth of comparable properties.Read More
The latest extension of the Kochi Metro from the Jawaharlal Nehru International Stadium to Maharaja’s College Ground was launched on 3rd of October 2017 by the Chief Minister of Kerala Mr. Pinarayi Vijayan. The new stretch covering a distance of 5 km came just after three months since the launch of the first stretch between Aluva and Palarivattom by the Prime Minister of India Mr. Narendra Modi on 17th of June 2017. The total distance covered by the Kochi Metro now extended to 18 km, touching 16 stations which include stations at Jawaharlal Nehru Stadium, Kaloor, Lissie, M.G. Road, and Maharaja’s College Ground. The metro changed the face of Kochi and made it a more habitable and hospitable city. The project has captured the dreams of not just the people of Kochi, but of the whole of Kerala. It has now truly become an aspiring icon for the region, giving higher hopes and expectations for a better tomorrow. It has already improved the lifestyle of Kochiates, helped in greater investments, increased job opportunities and upgraded public infrastructure. The Kochi Metro has raised the brand image of Kochi and boosted major investments, especially in the real estate industry. The changing lifestyle of Kochiates shows a clear picture of the influence of these kind of urban developments upon their lives. And a recent trending lifestyle that is shown is the apartment living. Buyers of new apartments in Kochi have solid reasons behind why they prefer to live in the new luxury apartments as compared to typical homes. Most buyers of apartments in Kochi have not only purchased a property for living, but also pride and satisfaction with their hard-earned money. People are looking for something more than just four dividers and a car porch, which they can finally call as their home. They don’t just need a postal address, but to live in homes that declare their lifestyle as a luxurious one. We at Varma Homes, the top builders in Edappally always bring you the finest living spaces. The best home builders in Kochi, Varma Homes’ compact apartments – Varma Regent is being built at Edappally. It is one of the new apartment projects in Cochin, located at Ponekkara. The 2 and 3 BHK luxury apartments ranging between areas of 862 sq.ft to 1357 sq.ft offer luxury amenities at an affordable price range. Lulu mall - one of the major attractions in Edappally is just 1.8 KM away from Varma Regent and with the case of Changampuzha Park Metro Station, its just 1.6 KM. Varma Regent is the best option for those who wish to buy apartments in Edappally. Varma Regent being on its last phase of completion, guarantees the project accomplishment by the end of December. Most of the units are already sold out and only a few units are left. If you are looking forward to buy affordable apartments in Edappally with all the high-class facilities, pay a visit to Varma Regent’s sample apartments. For more details, contact us today. Call +91 9645 88 33 33 for more details.Read More
With the government's new initiatives in the real estate sector, buyers have a plethora of apartment choices. However, owning a piece of land still has an unrivalled prestige value. So, when it comes time to relocate or invest for a more secure financial future, many of us are caught between two options. Here we compiled this helpful list that will help you choose wisely!Investment FactorOne of the primary disparities between a plot & an apartment is that you'll have to live in your very own house right from the moment you acquire an apartment & you'll save a lot of money on your rent. Whereas a plot allows you to create your own customized home, until then you won't be allowed to live there & you'll have to pay rent even if you invest in the plot. Also, when you buy an apartment, you can use it as an investment vehicle as you rent it to someone, but in the case of a plot, it won't be possible. So, compared to plots, an apartment is a smarter investment choice.The Hassle AspectAn apartment is actually a comprehensive package for standard living; you can select one that would be ready to move into where it contains all the things that an apartment life demands. Hence, you won't be worried about any further headaches or strain. A plot that you wish to build on is just land & you have to build it from scratch & you'll now have to deal with the troubles & groundwork of building the structure, obtaining legal permission, & ultimately upgrading it with lifestyle elements to keep it livable.Financial AssistanceFinding financial help for the purchase of a plot is more difficult than for the purchase of an apartment, since financial companies are hesitant to lend money for the purchase of a plot. So, as a result, there are limited alternatives for purchasing landed property, as banks often do not provide financing for the purchase of a land/plot, but it is effortless to get a bank mortgage for the purchase of an apartment.Compliance AspectIn general, the plot is considerably more likely to get entangled in legal complications & litigation. So, when you purchase a plot, conduct thorough research on any conflicts, & ensure to keep an eye on it till you build your home on it. As in India, several issues are raised regularly relating to illegal land capture. Although these concerns are much reduced when purchasing an apartment when the buyer is protected by RERA & he or she has the right to go for a petition for compensating & remedial action, if the builder didn’t guarantee their promises. Accordingly, as a precautionary step, today's builders will exceed expectations to guarantee that all legal & financial requirements are met.Return on InvestmentA plot can be acquired for the intent of constructing a new structure to get profit, or it could be utilized for other reasons. If you plan to acquire an apartment, only do so upon assessing the growth prospects of a specific neighbourhood. Your apartment's ROI will be higher depending on where it is located. Because of the increased movement of workers from other cities, an apartment in a desirable location will always have greater rental yields, providing you with a monthly second income & assisting you in being financially secure.Tax TreatmentThe tax treatment of plots & apartments differs. As in the case of an apartment, first-time homeowners are eligible for specific tax breaks. The tax deduction for interest on plots is allowed only in the year where construction is finished. Interest accumulated during project construction can be reclaimed as a deduction across 5 years in equal payments beginning with the year the work is finished, resulting in a delay in tax advantages. Holding a plot as an investment is not tax-deductible, but you can request a deduction for the interest given. Conversely, if the plot remains barren, it might not be eligible for a tax break.Value AppreciationThe plot has comparatively better value appreciation than an apartment. This is mostly due to the scarcity of plots on the market. The value of a property is determined by its location & proximity to major infrastructure developments. However, the land market is a cobweb, so when you buy, you must be vigilant. So the safest choice for individual investors is to buy apartments; keep it simple & get your 20 or 25% appreciation because the land is all about where you want to be on the risk-reward spectrum. Also, make sure to select an apartment from a reliable builder with a good location & surrounding infrastructure to increase the value of it.Scope of ResaleApartments are easier to sell as there is always a huge demand. Furthermore, apartments provide a variety of facilities as well as security features. The attraction of plots is that the owner owns the land & can create a new house to optimize returns. But when you plan to sell it, it may not be fundamentally enticing to a possible buyer market. He/she may then either invest more in repairing it or entirely demolish it to create a new one. This might have a reasonable impact on the price of the house. However, in the case of apartments, such an issue does not exist as they’re available with a fixed structure (part of the structure) &, thus, more convenient to sell at the value without extensive negotiations.After considering your wants, financial status, & commitments, take the best alternative. Having a plot implies that you should be careful with some choices. However, the benefits for apartments may be far greater than for plots. Because everything is already in place, you may begin earning profits on the first day. It is critical to seek apartment properties in affluent locations and, of course, from a reliable builder, so that you'd have a good chance of making a regular return. If you are looking for your dream apartment in the heart of Kochi, Thrissur, Thiruvananthapuram or even in Kozhikode, then do visit Varma Homes, one of the top ranking and most trusted builders in Kerala. We strive to enhance top-notch quality construction materials to create apartments that will stand the test of time. With us, you shall not be disappointed! You will get the guarantee of quality residential options that provide not just great living spaces but also a lot of happiness.Read More