5 Simple Ways to Invest in Real Estate in Thrissur

Posted onMar 09, 2024

Thrissur is renowned as the cultural capital of Kerala. It is also a major financial hub, thanks to the presence of several financial institutions and numerous several big banks, and it being the manufacturing centre of gold jewellery. These are some of the reasons why real estate investment in Thrissur is the best option.

Let’s take a look at five simple real estate investment strategies in Thrissur:

Real estate investment is one of the most lucrative ways to get excellent returns on your money. 

Rental Income

This is one of the safest real estate investments you can make. It will also provide you regular monthly income. Whenever a city is growing, there are new job and business opportunities created; this pushes the demand for properties. They may not all want to buy an apartment outright, but will be willing to rent it. Buying an apartment and giving it out on rent is a simple, straightforward, and low-risk real estate investment strategy. Just make sure you check the background of the tenant thoroughly. Ask for their Aadhar card and check their credit rating, job etc. to verify their credentials.. It’s also important to draw up a proper agreement so that all the terms of the rental are clear to both parties.

Hold and Sell

Buying a flat and keeping it with you for some time, and selling it when the value appreciates is another great real estate investment strategy. Here you have to wait for some time, as the prices surely won’t go up overnight. You have to follow real estate market trends closely and study them to know the right time to buy and sell. You can purchase an under-construction flat for even better returns. This is because most builders offer attractive discounts on these flats as they get funds before the completion of the project. You can make a good profit by selling the flat when the flat is ready to occupy.

3.Flipping

If you have the funds, you can seek out undervalued or derelict properties, renovate them and sell them off once they become appealing to buyers. Depending on the condition of the houses and how fast you can renovate them, you can get returns without waiting too long. With the gains from the sale, you can buy another property to renovate and sell.

4. BRRR

Buy, rehabilitate/renovate, rent, refinance; it’s similar to flipping, with one major difference; after renovating the derelict property, you rent it out instead of selling it. Then you refinance that house to buy another derelict property to renovate and rent out. It is a continuous cycle that offers regular monthly income for the long term, but you need to be able to have sufficient funds for the renovations, registration etc.

5. REIT

Real estate investment trusts are companies that pool investor funds and buy properties that are capable of generating income. These are managed, and either rented or sold by the trust so that investors get good returns. They work similar to mutual funds, with risks being spread across a basket of investments. As they are publicly traded, you can sell your stake and leave any time.

Conclusion

Thrissur is rapidly emerging as one of the most happening cities of Kerala, and a great place to settle with family. This one of the prime reasons why you should invest in Thrissur. You can get excellent returns on your investment here. 

Choose Varma Homes to invest your money in. 

As a reputed builder known for quality construction, adherence to all government regulations and RERA norms, transparent dealings, and excellent customer service, Varma Homes is a great avenue of investment. Varma Spectrum offers premium 2 and 3 BHK apartments in the scenic and tranquil suburb of Thrisshur, Poochatty. Come and explore a whole new living experience.