Due to the amount of urban development and the improvement in people's financial circumstances, the way of life of the people in Kochi is constantly changing. Additionally, the cost of land and houses have now grown due to Kochi residents' shifting lifestyles. As a result, there is a much greater demand for apartments and flats in Kochi.
As the leading builders in Kochi developed innovative projects aimed at the salaried classes and high-profile individuals, including NRIs, the sector has experienced a surge in growth. Additionally, banks have done their share to lower the interest rates on house loans. Professionals and businessmen from all sectors are migrating to Kochi these days, and there is therefore a significant demand for flats and apartments in the city. Even for individuals who do not live in the city permanently, having an apartment or a flat in Cochin is thought to be a good option. Kochi is the most favoured city to reside in due to how easily accessible everything is. It is also perfect to live in Kochi close to the city's top hospitals, shopping centres, commercial districts, academic institutions, and airport.
The number of property buildings from the greatest builders in Kochi has expanded as a result of the district's abrupt development. Even the banks have lowered the interest rates on mortgages in light of the expansion of the real estate market.
The initiatives are mostly aimed at professionals, NRIs, and other salaried individuals who want to relocate to the "Queen of Arabian Sea."
Even if it's not for living in, having an apartment in the city might be advantageous because many professionals can find apartments close to their place of employment. The benefit of the rental option goes to the property owners who have apartments close to the infopark and apartments close to Kakkanad.
Since many government offices and the Infopark, Kochi's IT hub, are located in Kakkanad, these two areas are the key draws for IT professionals and government employees.
The demand for houses in the primary shopping destination regions expanded even further with the recent construction of the highly regarded malls in Kochi. The LULU mall in Edapally is the best illustration. When compared to other important areas in the city, Edapally has a larger density of properties.
The projects from the builders, such as Retirement Living, which primarily targets retired people for quiet living with individuals of the same category, are another aspect that contributes to the changing lifestyle.
The expanding Metro, which connects all of the city's key locations, is another benefit that contributes to the changing lifestyle because the key locations can be reached in a split second. And it's advantageous to live close to a metro station.
Additionally, it is advantageous to be close to Kochi's top medical facilities, shopping centres, business districts, academic institutions, and airport.
Even residents of different states and districts choose to remain in the city because it offers all the essential services and necessities. Flats in Tripunithura and those close to the infopark, where there are many young people, are in high demand.
Kochi is the most popular city to live in due to its simple accessibility via road, rail, river, and air transportation channels. Even those who are not permanent residents find Kochi to be excellent given the current state of investment and commercial prospects. Kochi may also be the parent of individuals from various locations.
Since individuals desire to enjoy a lovely view, the demand for apartments that face the Arabian Sea is considerably higher. Due to the view's proximity to the port and the sunset, they also favour it.
The demand for waterfront apartments from residents of other regions of the state is consistently high. As a result, there is a greater need for a higher standard of living. People in naive places are also in greater demand for apartments. In addition, they want to see how city dwellers live.
Given its rapid urban development, Kochi offers builders a wealth of opportunities. They have the capacity to serve as the foundation for innovations that reach extraordinary heights.
If you are looking forward to buying affordable apartments in Kochi, pay a visit to Varma Homes sample apartments.
Buying a home is a major decision in one’s life. And there are obviously a lot of things to be considered, other than the financial constraints involved in it. A huge sequence of myths must be debunked that are not true before you actually think of purchasing a home, which will ultimately demotivates you completely. The home buyers are bound to be clouded by the following most common myths: 1. A house must qualify as your dream home Both financially and emotionally, home-buying can be a tough job as it is very important to buy a home that cater all your needs and wants. But it is not compulsory to look for a house that will fulfil all the things in your dream home wish list. A few tiny changes like changing the wall paint colour or adding an extra storage space can be done so as to transform the new house into your dream home, no matter whether you buy villas or new apartments in Kochi. These are the basic remedies to resolve the trivial issues that arise after you purchase a house. A home buyer must consider the crucial aspects of a house like the location, its price, space, design, architecture, amenities, etc. well before he actually purchases it. 2. Renting vs. Purchasing Some say it’s better to purchase a house and some say it’s cheaper to rent a house. The renting vs. purchasing has been a never ending debate. This decision completely depends upon the various requirements of the home buyers. If you are planning to make an investment, then buying a home is always the best option. But if you are planning to settle in for a shorter period of time, then renting a house is a better option than buying. Thus, owning a home is an investment, while renting is merely a living expense. 3. Owning plot vs. Buying flat Similar to renting vs. purchasing; owning plot vs. buying flat has also been a never ending debate. The decision on whether you should purchase a plot of land or buy an apartment/villa absolutely depends upon one’s personal preferences. It’s up to you, whether if you prefer to buy a piece of land as a real estate investment and plan to set up your dream house there in the near future or purchase apartments in Kochi. 4. Home Buying – A Risky Business Buying or investing in anything is indeed a risky business. No investment is 100% risk free; whether if it is gold, market shares, mutual funds, bank deposits or real estate. The fact is that every type of investment has its own pros and cons. A clever home buyer will scrutinize the pros of buying a home and work a way around the cons. But if you are planning to purchase a house from the reputed and reliable builders in Cochin, then you can be guaranteed of making the right real estate investment decision. By now, you would have known about the most common home-buying myths. It’s high time that you debunk all the above mentioned myths and then go ahead with your plan of purchasing your dream home. Varma Homes wishes you a Happy Home-Buying!!! ??? If you are someone looking for ready to move flats in Cochin, Varma Homes has got a wide range of luxury apartments in the various prime locations of Kochi. The most dependable and trustworthy builders in Kochi, Varma Homes’ prestigious project of Varma Maalika in Tripunithura is to be inaugurated on 25th of February just after the inauguration of Varma Regent at Edappally that had recently held on 28th of January. (Hurry up, only a few units left!) Varma Kottaram, Varma Padippura in Kochi, Dr. Pais Heritage in Trivandrum and Varma Spectrum in Thrissur are the ongoing residential projects. And many other residential apartment projects in the major cities of Kerala including Kochi, Thrissur and Trivandrum are in the pipeline.Read More
From July 1 2017, Goods and Services Tax (GST) effectively cuts through a confounding Gordian knot of taxation complexity in the country. In other words, it will replace the multiple taxes levied by the state and central governments and will become incorporated of all the indirect taxes, including commercial tax, value-added tax (VAT), service tax, central excise duty and octroi tax/charges. The switch-over to the GST (Goods and Services Tax) regime is undoubtedly one of the biggest tax reforms in post-independence India. GST has been primarily conceptualised as a ‘One Nation, One Tax’ philosophy and it will help: • Eliminate the previous cascading tax structure • Ease compliances • Create uniform tax rates and structure • Reduce additional tax burdens on consumers The Indian real estate sector has been going through significant transformations in recent times. The latest Real Estate and Regulation Act (RERA) has already started addressing the issue of non-transparency and affixes a level of accountability on real estate builders and brokers which is exceptional in the history of the Indian property sector. For the real estate sector, the implementation of GST will definitely be a positive sentiment booster among property buyers. GST may not be instrumental over the short term in bringing down the prices of residential real estate. As the accountability being fixed at every stage and the perception of the residential real estate sector will improve on the back of a simplified tax structure, it will, however, benefit all the stakeholders of the sector. Benefit to buyers A simple and transparent tax applied on the purchase price is the biggest advantage for property buyers. All under-construction properties will be charged at 12% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready-to-move-in and completed projects, as there are no indirect taxes applicable in the sale of such properties. In case of under-construction properties, levy of stamp duty and registration charges on the buyer will continue. Benefit to builders Under the current tax regime, a property developer is subject to central excise duty, VAT and entry taxes (levied by state) on construction material cost. On the services used (labour charges, architect fees, approval charges, legal fees, etc.), developers pay service tax of 15%. Real estate developers also grapple with the challenges of multiple-taxation and the cumulative burden eventually gets passed on to the buyer. As the benefit of input tax credit being considered as an added advantage, developers too will find the GST regime much simpler to work with. Varma Homes is one among the best builders in Kochi offering high quality and new luxury apartments. We always create the best living spaces meeting the requirements of clients. If you are looking forward to buy new luxury flats and new apartments in Kochi, then contact us today. Call +91 9645 88 33 33 for more details.Read More
Kochi, the commercial capital of Kerala, is fast emerging as one of the most attractive destinations for investment in India. With a growing population, a well-developed infrastructure, and a vibrant business environment, Kochi offers numerous opportunities for investors looking to diversify their portfolio. In this blog, we'll explore seven compelling reasons why you should consider investing in Kochi.Strategic LocationKochi is strategically located on the west coast of India, making it a gateway to the Middle East, Europe, and Africa. The city is well-connected by air, road, and sea, with an international airport, two major ports, and a network of highways connecting it to other major cities in India. The location of Kochi makes it an ideal destination for businesses looking to expand their reach and tap into new markets.Growing EconomyKochi is one of the fastest-growing cities in India, with a thriving economy driven by multiple industries, including tourism, IT, manufacturing, and trade. The city's GDP is expected to grow at a rate of 9% per annum, making it one of the most attractive destinations for investment in the country.Robust InfrastructureKochi boasts of a world-class infrastructure, including a well-developed road network, modern ports, and an international airport. The city is also home to a number of industrial parks, IT parks (Techno park kochi) , and SEZs, providing businesses with access to state-of-the-art facilities and resources. The robust infrastructure of Kochi ensures smooth operations and hassle-free business transactions, making it an ideal destination for investors.Skilled WorkforceKochi has a large pool of skilled and talented professionals, including engineers, IT specialists, and business managers. The city has several renowned educational institutions, including Indian Institute of Technology (IIT), Indian Institute of Management (IIM), and Cochin University of Science and Technology (CUSAT), which produce a steady stream of skilled graduates every year. The availability of a skilled workforce makes Kochi an attractive destination for businesses looking to expand their operations.Booming Real Estate MarketKochi's real estate market is booming, with several residential and commercial projects coming up across the city. The city offers a range of options, from affordable apartments to luxury villas, making it an attractive destination for investors looking to diversify their portfolio. The growing demand for real estate in Kochi is driven by the city's booming economy and the increasing number of migrants moving to the city for work.Pro-Business PoliciesThe Kerala government has implemented several pro-business policies to promote investment and economic growth in the state. The state offers several incentives, including tax breaks, subsidies, and easy access to credit, to encourage businesses to set up operations in Kochi. The government has also taken several steps to simplify the business registration process and reduce the bureaucratic red tape, making it easier for investors to start and run a business in Kochi.Quality of LifeKochi offers an excellent quality of life, with a perfect blend of modern amenities and traditional culture. The city has several world-class hospitals, shopping malls, and entertainment centers, making it an ideal destination for families and professionals looking for a comfortable lifestyle. The city's scenic beauty, pristine beaches, and backwaters attract tourists from across the globe, making it an ideal destination for investors looking to invest in the tourism sector.In conclusion, Kochi is a city that offers a perfect mix of strategic location, robust infrastructure, skilled workforce, pro-business policies, booming real estate market, and quality of life. These factors make Kochi an ideal destination for investors looking to diversify their portfolio and tap into new markets. With its growing economy, strong infrastructure, and supportive government policies, Kochi is Varma Homes offer flats in Kochi with the most contemporary design style and architecture. We have been giving flats in Kochi and have a huge happy client base. On-time fulfilment and delivery of projects are some of our strong points. Our flats in Kochi use the most advanced technology, including contemporary design while keeping the highest standards in quality.Read More
Another year is coming to an end, a new year soon begins! The beginning of the year is the time for fresh starts. If you have any plans of owning your own home in the heart of Kochi to celebrate this New Year and to arrange a party inside your apartment for like-minded people, then head off to Varma Homes. You can get the best apartment in various zones of Kochi. Owning a home is dreams come true in anyone’s life, as it is the most valued possession and a lifetime investment. For this, you have to choose the right builder with the good track record. Celebrate This New Year with Varma Maalika I Varma homes, the leading builder in Kerala with a proven record of accomplishment and years of expertise. We always maintain to keep promises to our customers. One of our major ready to occupy apartment furnished for the NEW YEAR 2019 is Varma Maalika I which is situated in the most tranquil living environ of Kochi, Tripunithura. It is away from all the hustles & bustles of the city, but it has close proximity to all urban development, which includes numerous educational institutions, shopping malls, temple, multi-specialty hospitals etc. It is perfect for those who need a tranquil life. This project offers exclusive 2 & 3BHK luxury homes ranging from 890sq.ft to 1310 sq.ft with the perfect blend of opulence and comfort. The luxury budget home is built with love, filled with extra comfort, and are designed to create happiness among people. Each wall, nook, & corner of this apartment has a story and offer true love, happiness, and comfort. Welcome this New Year with Varma home and bring more joy and peace to your life. A new home means an electrifying new beginning, new friends, and new environs to explore. If you are ready to purchase our ready to occupy apartment Varma Maalika I or wants to know further about Varma's Maalika contact us soon and avail the big surprises that await you in these holidays! Why We Stand Out Unique From Others? We perfectly comprehend that this industry is one among the most competitive spheres. Therefore, we put our best to bring advanced luxurious apartments and flats to our clients to align with their demands and to reflect their lifestyle. We always created milestones by making new success stories to our journey by constructing excellent spaces with outstanding superior quality, services and focusing on fulfilling the desires of our employees. We are confident that we can continue our successful journey with our uniqueness from other builders. We remain unique from others with our insights and unique styles. We can proudly deliberate the skill sets that make us unique from others are: . Customised solutions . Zero compromises on Quality . Professionalised work execution . Transparency in dealing with clients . Reliability & Timely delivery . 100 % Customer Satisfaction . End-to-end execution Varma Homes emerged as the pioneer developer for delivering various apartments across Kerala. We are now in 3 major cities of Kerala which include, Kochi, Thrissur and Trivandrum. We are now on a mission to construct happiness by building new apartment projects for different regions across Kerala. Enjoy this New Year with Varma Homes, Book now and benefit early bird offers!!!Read More
Now the home buying concept has become so changed than how it was before. Most people are now well aware of the current marketing trends and are keen on every minute thing. So, this makes it challenging for real estate builders. When it comes to purchasing a home, individuals want the best for their family. Gone are the days when the driving factors for buying a home in Kochi were only the location and budget preference of a buyer. Today’s fast-paced world demands a home with modern amenities that make you instantly feel better when you return from a long day hectic work schedule by selecting thoughtfully designed housing projects for all age groups. To simplify things, here we have listed certain mandatory amenities in a smart apartment where the buyer needs to look at. Recreational Facilities: With the hectic work schedules, giving time for oneself isn’t easy nowadays, but it is so necessary to de-stress regularly. This is why many urban dwellers demand recreational facilities within the apartment premises. This could include gymnasiums, tennis courts, swimming pools, yoga hall, sports, spa, play areas for kids and so on. This is the best option to save your precious time when you get all the recreational facilities to rejuvenate yourself under one roof. Power Backup: Today, power cut off is the most common problem in every residential area and hence, it is better to ensure that the housing society is equipped with a proper power backup setup. Along with the apartment, clubhouse, pool and other areas also need a power backup. It prevents further mishaps in the compound and hence is most necessary. Waste Disposal: It is wise to check on waste disposal procedures followed in your apartment complex. If your city exists certain rules for segregation and disposal of waste, then you have to check whether your selected apartment has a system to confirm the same is carried out. Security System: Security provisions are a must in amenities in every apartment unit. An unsecured apartment is a bad choice of investment, so before buying check whether your apartment block contains advanced security features like emergency alarms, exits, round-the-clock security personnel, earthquake-resistant materials, fire hoses, extinguishers, basement flood pumps, CCTV surveillance, automated security devices etc. Thus, it is significant to know that you, your family members, kids and your pets are safe in your apartment, and that your belongings are secure when you are away from home or at work. I.e. When you give importance to security in your space, you and your family can live safely & happily. Parking: Before moving into an apartment, check whether it has a spacious reserved parking lot that offers individual parking garages and a separate guest parking to ease the parking for residents. Usually, apartments with many units provide these, but you have to confirm it. Apart from this, check that there is a separate parking space for disabled people and ambulance. Likewise, make sure there is proper fire engine accessway across the apartment premises to reaching emergencies, if occurs. Provision for Senior Citizens: Like kids, the senior citizens also require additional amenities which really make a difference by creating daily life easier and better for them. Separate walking tracks, wheelchair access with stairs, safe pool area, grip floor etc. can make life beautiful for senior citizens. Balconies: The good structure of balconies increases the alluring factor of your home and used to admire the natural beauty. It has extensive use for activities like washing clothes, drying clothes, growing plants and even a small hangout area during the evenings. When you love to spend some quality time on yourself, the balcony of your home is the best relaxing zone in your apartment. In Short, Apart from these mentioned above, your apartment buying process must include checking on all the essentials too. If you are looking for an apartment in Kochi, Thrissur or Trivandrum with all the high-end apartment amenities, then you can contact Varma Homes, the most trusted builders in Kerala. We provide all kinds of unique perks to offer your apartment life with full mode of happiness & conveniences. With the motto of building trust & delivering happiness among clients, we stand as the best investment choice in happy homes for generations! So, book your favourite apartment with us today!Read More