If you are purchasing an apartment with a plan to resale it sometime in the future, then you should consider certain things before going ahead with the purchase. This would be wise to bear in mind how the other buyers would view the house that you have been considering purchasing.
Life is uncertain and so a critical need might arise anytime when a dream home needs to be put up for sale as well. Whatever the reason be, no one wants the headache of a property that is difficult to resell. So, here is a list of the major home resale factors that you should ideally be aware of to continue your journey of home purchasing.
Always validate the profile of the developer before buying an apartment. You must do thorough research on the builder's profile and dig in through the history of the builder. It is important to make a detailed study of the credibility and earlier projects which he has delivered before you invest in property. Established credentials of the builder will assure a line of defence against getting cheated out of one's money on an investment. Reputed builders will always ensure legal sanctities, structural integrity, and timely completion.
Monitor every aspect of the construction process to drainage engineering, and attainment of acceptable levels of performance within the defined guidelines set out in the scope of work. Inspect and ensure the building's construction quality and materials used in the project to make sure the final deliverables are free from any construction-related defects in the future. Before finalising your deal, analyse the quality of construction by inspecting the strength of the structure, the floorings used, the paints applied, interior fittings, and accessories.
The house's size plays a major role in reselling your flat. With all the recent work-from-home trends, people are usually looking for homes that have more rooms and provide more privacy. However, these particular trends depend on the city or town where your property is located. For example, in urban areas, smaller apartments are more prevalent while in the suburbs, the buyers are more accustomed to larger and spacious houses. You must necessarily research which size of the home is more popular in your city and then invest accordingly.
The neighbourhood and locality have a major impact on the flat's resale value. An apartment that has more amenities and along with good safety has a higher resale value. Before purchasing an apartment, it is advised that you research several popular trends, the potential new plans of infrastructure, community areas, transit accessibility, and other necessary amenities that exist in the target area. This would be a good idea to opt for quick checking of the flat's neighbourhood. This will give you a fair idea of the neighbourhood.
The must-have safety features for residential properties include fire-fighting provisions such as extinguishers, smoke detectors, and water sprinkler systems. Also, there should be provisions to tackle natural calamities such as heavy rainfalls, earthquakes, etc.
Also, the best security arrangement within the societies includes trained safety guards at the entry and exit points, CCTV surveillance, burglar alarms, and intercom systems. Ensure that the safety and security systems are in place and get updated regularly.
Also Read: Reasons Why Luxury Flats in Kochi Are Worth the Investment
The age of an apartment is very crucial as buyers consider certain factors like the lifespan of several elements like the apartment's roof, appliances, electrical systems, windows, plumbing, etc. Even 10-year-old apartments remain at their best if the maintenance cycle is properly followed. As one of the premium builders in Kerala, Varma Homes are designed with fine attention to detail that resonates across all its projects. The spaces are luxurious and reflect what you would only expect from upscale homeowners who will settle for nothing but the best when it comes down to their aspirations.
This is one of the factors that is often overlooked while purchasing a house especially while purchasing a flat in an apartment. While this does not enhance the resale value of a particular flat directly, this usually makes a flat more in demand amongst the buyers. Homebuyers usually prefer flats that have adequate and intelligent storage spaces.
In modern houses, the homebuyers usually look for at least one walk-in closet that is attached to a master bedroom. The outdoor spaces for storage like assigned car parking, sheds for laundry activities, etc. are also taken into consideration.
As you start hunting for the perfect flat, it is important that all of your preferences are met. You need to take into account several different things discussed above in order to make an informed choice on which property will work best with them and also help when resale time comes around!
Of course, there are plenty of red flags that you need to look into while selecting a flat for sale in Kochi, but we have listed the most notable factors for a quick read. A good investment with wise decisions can help you live, and even earn a stable income for your future generation.
Kochi, the commercial capital of Kerala, is one among the fastest growing cities in the country. There has been a constant boom in the real estate industry of Kochi, especially the residential property sector that has been aided by the entry of all inclusive apartments and residential enclaves. If you are looking for the best real estate investment option, especially apartments in Kochi, Varma Homes offers you an excellent opportunity. Varma Regent is a compact apartment project in Edappally with 1,2 and 3 bedroom apartments designed for a lifestyle of comfort and convenience. Varma Regent At A Glance • 1, 2 & 3 BHK Compact Apartments • 40 unit urbane homes • 862 sq.ft to 1357 sq.ft • Handover in 2017 December • No pre-EMI till handing over Favorable Features of Edappally Kochi Metro: Kochi Metro is a promising corridor for the growth of real estate in Kochi. The 25-km long stretch metro rail between Aluva and Petta is in the final phase now. The first phase up to Palarivattom will be ready for commissioning by the end of March. Changampuzha Park Metro Station is just 2 km away from Varma Regent. Edappally & Palarivattom Flyovers: Before the commencement of flyovers no other place in the city which had this much of traffic passing through it, other than Edappally. However, the four-lane flyovers in Edappally and Palarivattom have cleared the traffic bottlenecks in these areas. Social Infrastructure: Edappally enjoys a well-developed social infrastructure with many schools, hospitals malls and shopping centres in the vicinity. Some big malls including Lulu Mall - Indias Largest Shopping Mall is just 2 km to the Varma Regent. Amrita Institute of Medical Science, KIMS hospital, Renai & Aster Medicity are just a few km to this project. Connectivity: Edappally Junction is the meeting point for NH 47 and NH 17. It manages to connect the city to most of its components, either directly or as an alternative route. The IT core of Kakkanad and the Infopark also connect with the rest of the world through Edappally. All these factors make Edappally a prime investment option in Kochi for both, investors and end-users. Experts assert that now would be the right time to invest. Register Your Interest Now !Read More
Trivandrum (Thiruvananthapuram) is the capital city of Kerala, a state in southern India. While opinions regarding the "greatest" place to live differ based on personal tastes, there are various aspects that contribute to Trivandrum being an excellent place to live.Quality of LifeTrivandrum consistently ranks as one of the best cities to live in India, thanks to its high standard of living, excellent healthcare facilities, and good educational institutions. The city also has a relatively low crime rate, making it a safe place to live. It offers a number of high-quality healthcare facilities, including both public and private hospitals. The city has a significant doctor-to-patient ratio, ensuring that inhabitants have access to medical care at all times. Trivandrum is home to some of the country's greatest educational institutions. The city also has numerous prestigious colleges and institutions, making it an attractive location for students.Natural BeautyTrivandrum is known for its natural beauty, with lush greenery, scenic backwaters, and beautiful beaches. The city is also surrounded by hills and has several parks and gardens, making it an ideal place for nature lovers. Kovalam is one of Trivandrum's most famous spots, famed for its pure blue seas, palm palms, and sandy beaches. It is well-known for its sunbathing, swimming, and water sports. Neyyar Dam is a scenic place around 30 kilometres from Trivandrum. It is bordered by the beautiful green Western Ghats and is home to numerous bird, animal, and fish species. Guests may go boating or hiking in the surrounding nature refuge. Another popular beach in Trivandrum is Varkala, which is famed for its spectacular cliffs and panoramic views of the Arabian Sea. It also has many natural mineral water springs that are said to have therapeutic characteristics.Culture and HeritageTrivandrum is a city rich in culture and history, with several museums, art galleries, and historical monuments. The city also has a vibrant music and arts scene and is known for its traditional festivals and celebrations. Padmanabhaswamy Temple is a well-known temple in the centre of Trivandrum. It is one of the 108 Divya Desams and is regarded as one of India's holiest temples. The temple is famous for its complex construction and Lord Vishnu's statue, which is crafted of 12008 Salagrama stones. Kuthira Malika Palace is a historical palace near Padmanabhaswamy Temple. The palace was built in the 19th century by Maharaja Swathi Thirunal Rama Varma, King of Travancore. It is famous for its elaborate wood carvings, traditional architecture, and one-of-a-kind antiques and relics collection. Kathakali, Mohiniyattam, and Koodiyattam are among the traditional folk art forms practised there. Colorful costumes, detailed makeup, and extensive narrative distinguish these art forms.ConnectivityTrivandrum is well-connected to other parts of India and the world, with an international airport and several railway stations. The city also has a good network of roads and public transportation, making it easy to travel within the city and to nearby places. It has a well-connected public transport system, with buses, taxis, and auto-rickshaws available throughout the city. The city also has a well-developed network of roads and flyovers, making it easy to commute within the city. Trivandrum International Airport is the city's major airport, located approximately 6 kilometres from the city centre. Residents may easily travel because the airport is well-connected to various domestic and international locations.Career OpportunitiesTrivandrum is a hub for IT companies and government organizations, providing ample job opportunities to its residents. Some of the major employers in the city include Infosys, TCS, UST Global, and Technopark. This can provide long-term job security and career growth opportunities for professionals. Trivandrum is home to major worldwide IT businesses, including Infosys, TCS, and Wipro, and has a booming IT sector. The city also boasts a thriving startup environment, with numerous IT businesses based there. It features a thriving healthcare business, with several hospitals, clinics, and research facilities. Some notable medical institutes, like the Sree Chitra Tirunal Institute for Medical Sciences and Technology and the Regional Cancer Centre, are located in the city. Trivandrum is a well-known tourist destination with a thriving tourism business. There are various hotels, resorts, and restaurants in the city that provide jobs in hospitality and tourism management.Safety and Security: The city is considered to be one of the safest cities in India, with a relatively low crime rate. Living in a safe and secure environment can provide a sense of peace of mind and contribute to one's overall well-being. Trivandrum's police force, which comprises the Metropolitan Police and the Kerala State Police, is well-equipped. The police are in charge of keeping the peace, preventing and detecting crime, and safeguarding persons and property. The city has an advanced surveillance system in place, with many CCTV cameras strategically placed across the city. The police watch the cameras, and the footage is utilised to investigate crimes and identify suspects. Has an extensive emergency services network that includes police, fire, and ambulance services. Citizens can report any emergencies to the emergency services hotline (100), and the services will respond as soon as possible.Because to its great quality of life, safety and security, connectivity, natural beauty, and cultural legacy, Trivandrum is one of the finest cities to live in India. The city is well-known for its calm and pleasant attitude, making it a perfect spot to raise a family or pursue a profession. Trivandrum's economy is expanding, with multiple businesses providing work possibilities in a variety of disciplines, including information technology, healthcare, tourism, education, and government services. The well-developed infrastructure of the city, including its airport, seaport, and transit networks, facilitates access to other regions of India and the world. Overall, Trivandrum is one of the greatest locations to live in India due to its unique combination of heritage and modernity, as well as its excellent level of life. 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.Read More
Being the cultural capital of Kerala, Thrissur has become tantamount to vibrant and energetic life. The unique cultural heritage that is Thrissur's trademark has made it one of the most desirable places to live in. Thrissur's economy and flourishing real estate sector are supported by a fast-expanding infrastructure base, attracting an increasing number of investment enthusiasts. Apartments are one of your finest options while looking for housing or property in Thrissur. When it comes to owning an apartment in Thrissur, you'll have many advantages. Better lifestyleSince the majority of apartments are being built in upscale urban areas, living in one of these apartment complexes automatically improves your quality of life. Not every city in Kerala can boast of having a majority of flats or apartments that offer simple access to the city's most important landmarks, attractions, and other practical locations.Tourist hubNo trip to Kerala is complete without visiting Thrissur. The city is home to some of the most well-known tourist attractions and sites in India, and events like the renowned Thrissur Pooram annually bring thousands of visitors. If you don't want to live in the apartment, you can still make money off the investment by renting it to tourists or other visitors. Renting out your apartments is an excellent way to gain a return on your investment because Thrissur attracts more tourists every year.SecuritySecurity is the prime concern which bothers everyone and people never want to compromise with it. Security is one of the main reasons that people are preferring apartments in Thrissur over independent houses or villas. Today there are some smart home devices for apartments that every homeowner should purchase in this electronic era. Because most apartments provide their residents with digital locks, alarms, automated doors, etc. which can give them the utmost security. Moreover, CCTV cameras are installed in all the residential complexes which can monitor every movement of the visitors and inhabitants. Security guards are also active 24X7 and will only give access to the residents and permitted visitors. These days people are more concerned about the entry of trespassers, unwanted salesmen, etc. into their homes. Living in an apartment in Thrissur will make your life peaceful by ensuring that no one will reach you without your permission.Appreciation of property valueAs you pay off your loans, the value of your home increases because when you buy a home, you are accumulating equity. You can be sure that your investment will provide the necessary return when you buy a second home as a major purchase. Reputable builders in Kerala make sure that all of their projects are managed by qualified engineers and designers who methodically carry out each project. This is why a prospective homeowner would do well to consider purchasing flats in Thrissur.Size and budgetBudget is a real concern when investing in real estate. Apartments offer a wide variety of residences that meet any budget, unlike large villas or independent homes that may seem out of reach for many. Different sizes and price ranges are available for apartments. Young buyers who have a limited budget or are taking out a loan to purchase their home will benefit greatly from this. It is always preferable to pay in installments rather than rent the same space.Community LivingWhen it comes to families with young children, housewives, or senior citizens, apartment living is ideal. They can socialise with other residents and enjoy their company. Parents who stay at home with their children or senior citizens may get lonely if they are alone all day, therefore it is ideal for them to live in an apartment where they can interact with their neighbours. It is also quite convenient and safe for children to play with their neighbours in the shared facilities of the complex.A home in the IT hubOne of the important IT clusters in Kerala is located in Thrissur. The real estate market in other comparable IT hubs has become oversaturated, while Thrissur is still in its prime, expanding and displaying the potential for significant developments. People who commute outside the city find apartments in Thrissur to be of great value, and even if you need to relocate for work reasons later, there will be no shortage of tenants wanting to rent out your property.Stable Environment:Thrissur is a peaceful and one of the least troubled cities in India. The city is flooded with many ancient temples and shrines. The political environment is also very stable. Since people are educated and independent, hence they don’t waste time indulging themselves in unscrupulous or dishonest activities. Sri Vadakkunnathan temple, Paramekkavu Temple, Thiruvambaby Sri Krishna temple, Viyoor Shiva Temple, Seetha Ramaswamy temple, etc. are some famous temples which make this place beautiful and attractive. Moreover, the weather is also very comfortable here. This place is neither too hot nor too cold, so you will get pleasant weather throughout the year.Varma SpectrumVarma Homes invite you to take advantage of all this boon happening in the magnificent metropolis of Thrissur with Varma Spectrum apartments! Varma Spectrum is located in Poochatti, with its wonderfully composed first-rate construction, reflecting the enthusiasm of the location, which is near the NH bypass and Bhavan's Vidya Mandir. With proven competence in delivering dream apartments in Kerala, built with state-of-the-art construction ideas and world-class amenities such as a fitness centre, furnished lobby, library, and indoor play area, we thrive to provide you with the best. At Varma Spectrum, you are going to enjoy a trailblazing lifestyle. It is an essential asset for people looking for the greatest luxury flats in Thrissur that provide more than what any resident desires. Therefore, if you're seeking a unique living experience with globally acclaimed facilities, abundant flora, and a relaxing atmosphere, look no further. Thrissur, Kerala's cultural capital, is the hottest, happening place to own and live life.Read More
It is everyone's longing to turn out to be financially independent. For this, most people depend on traditional ways to earn more, like being salaried in an organization or being self-employed. Yet there are different medians for individuals to enjoy surplus monetary advantages like stock purchasing, shareholding, and the long and worthwhile standby of retirement pension. Apart from all these, the most efficient way to earn is by investing in real estate. You can relish a profound pace of profits, astounding tax benefits & leverage of land to construct your wealth. Here are some reasons why real estate is an extraordinary investment. Reason 1: Predictable Cash Flow Cash flow is the net spendable profit obtained from the investment after every single operating cost & home loan installments have been made. When you purchase a good property from a reputed real estate builder in Kerala, the cash flow will be just as hefty. You can make money through rental income as it tends to rise over time, which can lead to greater cash flow. In most cases, cash flow makes stronger over time as you pay down your loan & build up your equity. As well, RBI has recently declared a reduction in the REPO rate which creates home loans even less expensive. So this will help you to smoothly begin your investment & hence increase cash flows. Reason 2: Get the Most Delightful Return on Your Investments From the pool of real estate builders, you can select the best real estate builder in Kerala who can offer the best quality construction works for their projects. Because the quality of the construction work matches the most excellent grades. So it comes with assured safety, security & top-notch amenities. This shows, by investing in those properties, you are going to accept the most appealing return on your investments. Reason3: Financial Security over Time While another reason that forced people to make their investment in the realty market is long term financial security. If you have a constant flow of cash in succession, the bonuses of this investment yield monetary bonuses for a long time. Possessing a residential property can give investors a sense of security due to the property appreciation over the long run. Well, this is only possible when you invest in the right place. So it is always advised to completely research the location before finalizing the negotiation on the apartment of choice. Reason 4: Hedge against Inflation In contrast to most different sorts of ventures, the realty market can contribute a hedge against inflation, which is yet another reason that pulls customers to put in this income stream. I.e. with high inflation, your rental pay & property value develop profoundly. Hence investors welcome inflation wholeheartedly because as the cost of living rises, so makes their cash flow. Accordingly, buying a property offers extra investment security during inflation. Reason 5: You Become Your Own Decision Maker The most satisfying part about real estate investment is that you become your own boss. Similar to any other business you have total authority & freedom over your investment strategies just as your flops and achievements. You make better decisions on which property to invest in, the tenants who will live in your property, how much rent to impose per month and so on. Reason 6: Qualifies you for Tax Deductions Another reason that real estate is an extraordinary investment, is the tax deductions you can take in this income stream. You get to deduct expenses straight connected to the operation, maintenance & management of a property such as property maintenance, insurance, maintenance repairs, property management fees, repairs, travel expenses, legal fees, and even the interest paid on the home loan. All of these deductions will reduce your taxable income, which might save you cash while you file your taxes. Reason 7: Admittance to Credit Reliant upon a variety of features, extra payment created from real estate investments might grant you admittance to added credit. Usually, loaning institutions finance more money to individuals who get more cash flow. The additional payment generated using property ventures may unfold more comprehensive credit lending entryways. To Sum Up, You can see the profits of investing in real estate while investing in other sorts of investments like the stock market. Investing in real estate can be your ticket to making passive income & reaching long-term financial stability. Nevertheless, before you can obtain these things, always remember that you need to make careful decisions when investing in your property. I.e. while choosing the right builder for your investment, is the first and the most important aspect when it comes to a real estate investment. If you are seeking a top-rated & most well recognized real estate builder in Kerala, then head over to Varma Homes and start searching for investment properties for sale across Kerala. We have our apartment projects at the prime locations in Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode. Visit our website to get more information about our projects. Get in touch with us today to start an investment with us that will definitely offer you a lifetime of fun, happiness & priceless memories.Read More
Purchasing a dream home is something that everyone dreams of, and it is somehow a matter of pride. So, most people, whether they are in India or not, have shown big interest in real estate investment. When it comes to NRIs, real estate investment especially in the launching phase and ongoing phase of the projects could increase their investment substantially. Our Government and the regulatory acts are very investor-friendly for NRIs. With the RERA & GST, there is improved reliability in the entire system, which is legitimately affecting the amount of NRIs planning to put their hard-earned cash into the realty market of India. Fortunately, you may not need to revisit the nation to reap the benefits. You simply need to take a home loan for NRI in India, buy the house, invest in it, and perceive how it blows into a successful lifetime investment. You can buy property in India by taking home loans from housing financing firms or banks. For getting the home loan for NRIs, gone are the days when you should be physically present at the bank. These days, home mortgage applications can be filed online too alongside the essential documents referenced by the bank/ housing finance organization. Though the document's nature might differ from people to people dependent on their work status. But certain records are compulsory such as visa, photos, residence proof and passport. As yet pondering whether you should make the jump or not? Here are three good reasons why you certainly want to invest in the Indian Real Estate. Ø Earn More Money Suppose that you are an NRI that is living in countries like the USA, Canada, UK or Middle East countries like Qatar, Kuwait, Saudi Arabia, UAE etc. The currencies in these nations are far more valued contrasted with the Indian rupee. Accordingly, if you choose to invest in the realty market, you'll have the option to acquire more cash from the gap amongst the values of the currencies. Ø There's Demand As the demand for housing is always there, then no matter if you like to sell your property later or lease it out, you will always discover an enthusiastic customer to help out. So, buying a property in the prime region of India is a lifetime investment, since the demand for the land is always there. Ø Save on Income Tax Perhaps the best part of NRIs investing in the Indian realty market is that they are hardly liable to comply with any legal formalities. In this context, they will just need to proceed with the registration process without the payment of income tax. However, if they get income from lease over that specific property, at that point they may need to undergo some tax compliances. Yet, taking into account that interests in realty projects barely have any major legal formalities, these payments won't be as critical. Start Investing Today with Varma Homes! Investments may sound a little scary to start with. Even so, as long as you invest into the right property of the right real estate builder apartments, you will profit a ton over the long haul. And all you should do is get a loan from bank or financing company and make a buy from the right builder – from any place you are! For those of you who have considered planning to buy a new apartment, now would be a good time to start searching. Here is your ideal choice, Varma Homes, the most leading real estate builders in Kerala. We have residential projects in Kochi, Tripunithura, Trivandrum & Thrissur with the superb quality of construction and excellent amenities that offer the right kind of choices for your lifetime investment. So, what are you waiting for? Opt Varma Homes apartments for your housing option, we have several reasons to start investing with us. Keep track of Varma Home’s upcoming, and ready to occupy apartment projects all across Kerala. Buy your dream apartment from the most trusted builder in Kerala and get plenty of happiness in return! Ping us to know more about our projects or visit: www.varmahomes.com/residential.htmlRead More