The real estate market is up surging day by day. Read this article to get a fair idea about the factors that affect the real estate price.

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Now we can see a trend that a person�s most wealth portion is usually invested in the real estate market.� This is because of its size and scale in the niche market, which gives more lucrative and attractive offers to investors. Hence, the real estate market is up surging day by day. Various factors affect to decide property costs.�� Read this article to get a fair idea about the factors that affect the real estate price.�

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Demand and Supply

As we know that demand and supply are the two economic forces that determine prices.� That is, high demand with low supplies denotes high prices and the low demand with high supply denotes low prices.� This means when the availability of properties decreases the costing of the current properties increases. Alongside a growth in the number of occupants possessing a specific area, the popularity of an area regarding individuals longing for living there, likewise drives its cost.

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Fiscal Growth

A purchase is reliant upon the income of an Individual. When one has higher fiscal growth, rising salary, he has the choice to spend his income more on his houses; this will build demand and drive rates.� The demand for a property buyer is reliant on flexible salary & hike in wages whereas the downturn denotes the falling livelihoods of a person who can�t able to buy and who loses their job may fall behind on their home loan instalments and end up with their home reclaimed.

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Customer Trust

When it comes to making real estate investment, confidence in the real estate laws of the land is a significant factor. After the RERA implementation, the real estate laws supported the advantages of purchasers and made firm provisions against developers & agencies attempting to mislead the client in any manner. This improved the real estate properties sales across India.

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Infrastructural Development

�While searching for purchasing an apartment in Kochi, Trivandrum, Thrissur or anywhere else, a homebuyer must pay key attention to the infrastructure of that specific area. A region that has a rationally great infrastructure has seemingly greater chances of being picked by a buyer and the property price additionally shoots up. Accessibilities like accessible roads, proximity to hospitals, shopping complexes, schools, workplaces, metro rail underway, etc. all these factors considerably tend to help raise property prices.

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Customization

The real estate worth gets higher in the case of builders undertaking customization of residential apartments based on the client�s prerequisites. For example, a few buyers may desire to have big the balcony attached to their bedrooms, or other distinct alterations.

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Home Loan Charges

Present Home loan rates can likewise remarkably affect property costs. At the point when the interest rate for housing loans are high, it lessens the demands for a property since it makes borrowers hesitant to go through additional cash over the high-interest charge. �Also, when there are lower interest rates for loans, then the demand of real estate increases.

So, before finalising on the property purchase choices, every single buyer should examine these drivers to get a sensible evaluation of the apartment that interests them.� As various factors influence the real estate price rise and all these must be paid attention to while setting funds in purchasing an apartment. Careful examination and research are essential for better returns, profitable investment and painless liquidity. You can also contact us; Varma Homes, one of the best builders in Kerala to know about our upcoming residential project prices. Being the most reliable builders in Kerala, we have various ongoing residential projects in the prime regions of Kochi, Thrissur and Trivandrum. We always focus on all our clients� desires, needs and safety while investing in their dream home with Varma Homes. �So, don�t mess with the rest, trust Varma Homes- Simply Unique, Simply Better & Living to Design Safer Homes!

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Jan 12, 2022

How To Buy An Apartment In 2022 By Following These New Year's Resolutions?

A new year brings new opportunities so make a plan to live a better and more financially secure life this year. If buying a home is on your New Year's resolution list, there are a few things to do before hitting the goal. Because a home is likely to be the biggest investment you will ever make. So, figure out how to build a series of smaller, more doable commitments to assist you in achieving your New Year's Resolution of purchasing your dream house this year. Here are a few ideas to help you with your planning.Make a Budget StrategyIf you've made the decision to buy, manage your finances & determine how much money you'll need for a down payment. This might range from ten percent to twenty-five percent of the property's value. Remember that the larger your down payment, the lower your EMI & the less stress you'll have on your monthly budget. The key to making this goal a reality is financial discipline. So, start saving costs, avoiding needless purchases, paying off debts, & maybe expand your earning stream to increase your down-payment money.Improve Your Credit ScoreIf you apply for a house loan, your credit score will determine whether you're approved and, if so, what your interest rate will be. So, you need to improve your bad credit score as quickly as possible. Here are some tips to help you improve your credit score.Credit cards, if used wisely, can be beneficial to improve your score. Taking a few loans or purchasing consumer products using long or short-term loans will improve your credit score.Pay your credit card payments on time and make sure you always keep a tab on the credit limit to be financially safe and avoid paying extra interest.Keep an eye on your credit report and, if required, rectify any inaccuracies immediately.Remember, until you get a good credit score, you might have trouble getting a loan or you will end up paying a high-interest rate.Keep Your Documents ReadyYou might be wondering what to do now that your credit score has improved & you've saved enough money for a down payment. It's time to get all of your home loan paperwork organized. To get pre-approved for a loan, you'll need to submit a slew of documents, & the financial institution will almost certainly keep giving you one. These documents will very certainly include at least two years' worth of tax returns, employment history, income/bank statements, & asset verification. The earlier you begin sorting these documents, the quicker you'll be able to identify where you're missing data and take actions to correct it.Locate the Ideal New ApartmentOf course, you must first locate your new property before purchasing it. Use your time to consider your choices, look at apartments in nearby areas, set a budget, & decide which apartment you should choose for your dream apartment.Choose the Right Apartment Builder in KeralaWork with a renowned real estate developer that has recognized the city's potential & invested in apartments in vital places, as well as a solid reputation in the business. Always double-check the builder's credentials before making the purchase. Choosing a trustworthy & skilled builder ensures that the job is completed on schedule & to a high standard. Because purchasing a house is one of the most significant purchases you will make, you must be cautious to avoid being fooled by fraudulent promises & agreements made by some fake builders. Visit the builder's website to learn more about their track record, including the status of prior projects & client comments. This will assist you in locating the best under-construction flats in Kerala in terms of quality, finish, and cost.LOOKING FOR YOUR ULTIMATE DREAM APARTMENT BUILDER IN KERALA? Varma Homes, being Kerala's most reliable apartment builder with years of expertise, has always worked to set new benchmarks in property development and to match clients' demands by providing world-class amenities. Our one-of-a-kind designs, along with reliable process & material quality checks, ensure that all our apartment projects come out to deliver a fine living experience to dwellers. We have successfully positioned ourselves as a pioneer builder, completing high-quality projects on schedule & with unparalleled service and good value for our clients. Varma Homes has your perfect apartment in all of Kerala's most desirable places like Trivandrum, Kochi, Tripunithura, and Thrissur. Since the real estate market has experienced remarkable growth in recent years, now is an excellent time to purchase your dream home. Get in touch with us today to secure your long-desired apartments in 2022.

Jul 23, 2021

What's the Wiser Choice: Apartment or Land?

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.

Jun 17, 2019

Investing in Mutual Funds /Shares /Real Estate, Which is better?

�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 r�gime 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!

Oct 22, 2021

Varma Signature Apartment: The Perfect Abode in Kerala's Cultural Capital

An ideal home fulfils all your desires and wants. It should boast a unique combination of a good location, world-class amenities, and great surroundings. If you�re looking for a more peaceful, productive living space in the heart of Kerala's cultural capital, Thrissur, Varma Signature is here for you! It is the flagship luxury project of Varma Homes, which defines the ideal home that blends both convenience and luxury. That�s why we offer our residents an array of modern amenities in this family-friendly neighbourhood. Here are the top reasons why you'll enjoy living in VARMA Signature. Amenities & More Amenities: Live In Comfort & StyleOne of the best things about living in an apartment community is having access to all the amenities you could ever need. Living at Varma Signature Homes is more enjoyable as we have the best amenities designed to enrich your lifestyle & ensure your comfort. Whether it's the hall, swimming pool, gym, or landscaped greenery, it promotes satisfaction and allows you to live a fulfilling life. Your apartment will serve as a symbol of your personality. From luxurious amenities to fully-equipped kitchens, we�ve got it all at your fingertips. Our apartment features top-of-the-line architecture with an eye for detailing and aesthetic use of space. You�ll love the look and feel of our modern apartment community, where luxury meets practicality. A Home Close To All the Necessities We at Varma Homes understand the importance of a happy life. That�s why we have designed our project in the perfect location where it is next to all modern conveniences. Such as schools, hospitals, parks, restaurants, shopping malls, etc., remain within easy reach of Varma Signature. You have the best doctors and specialists available as the project is located near Jubilee Mission Hospital Ancherychira. In fact, it is just five minutes from the town of Thrissur and three minutes from the NH Bypass. You can walk down to the nearby restaurants and cafes or indulge in some retail therapy at the nearby mall. In addition to this you have easy access to good shopping and entertainment, making it simple to find what you need and enjoy the cultural benefits of your surroundings. The proximity of excellent schools and colleges gives your children an advantage in their pursuit of a prosperous future. Well-Planned Project Layouts A smart home is the dream of every resident. Every apartment buyer's dream is our mission, so we make sure we provide the best layout to make that happen. It's our promise at Varma Signature to go beyond your expectations in providing you with a luxurious lifestyle. Every element is meticulously designed and implemented, from the large layouts to the fittings and fixtures. Our designers have ensured that there is no compromise on quality, space or utility. This makes our apartments a perfect home for your life�s most precious moments.Serene Surroundings The Varma Signature apartment complex offers a spectacular escape from the everyday hustle and bustle of life. It has landscaped gardens with swaying trees and flowering plants that will rejuvenate you after a long day�s work. The surroundings are well-kept and clean. We have an open ground where you can relax at any time during the day or night. You may also enjoy your leisure time by swimming in our pool or strolling around to get some fresh air. The outside of our apartment complex is just as calming as the inside of the apartment itself. With the serene surroundings of our apartment premises, you will also get peace of mind, with no worries about your safety. As we have 24-hour security, and CCTV cameras. So, you can enjoy a comfortable life at Varma Signature Homes surrounded by lush greenery, soothing environment. Varma Signature offers a never-before lifestyle to its residents. It is a must-have for those looking for the best luxury flats in Thrissur that offer all the luxuries required by any resident. Whether it�s the world-class amenities or its proximity to workplaces, Varma Signature is your perfect home! So, no more searching if you're looking for an interesting living experience with international standard amenities, lush greenery, & a soothing environment. Here is your perfect place to call home in the cultural capital of Kerala. To know more about this project, please visit our website or call us at +91 9539 29 33 33.

Aug 24, 2017

Reasons to choose flats or apartments in Edappally

Cochin has welcomed a lot of people from many parts of the state especially due to its incredible growth in job sector and infrastructure development. Nowadays people have started choosing�new flats�and�new apartments�outside the city limits of Kochi. Major reasons for that include increasing price ranges and unavailability of space in projects inside city. � When you are looking for�new luxury flats�or�new luxury apartments�in Kochi outer city, Edappally will be one of the best options as it is said to be one of the fastest growing areas in the city of Kochi. It is also known as the �Entrance to the Kochi city�. Having�apartments in Edappally�will ensure that you live in close range of city limits yet keeping a healthy distance from the crowded city. The Kochi Metro Station marks a prime location for Edappally and this makes various locations inside the city more easily accessible for residents of�flats in Edappally. The two national highways (NH 47 and NH 17) join the Kochi Bypass Junction at Edappally. The National Highway 17, which extends to Panvel, Maharashtra starts from Edappally ensuring easy access to and from major cities across the country. Another factor which will make you choose flats in Edappally is the close amenities of educational institutions and places of entertainment. Amrita Institute of Medical Sciences (AIMS), Amrita School of Arts and Sciences, Govt. Vocational and Higher Secondary School-Edappally North, Bharathiya Vidya Bhavan Elamakkara etc. are at nearest locations of Edappally. Places of worship like more than 1000 years old Edapally Juma Masjid, Edapally Ganapathy Temple, St. George Syro-Malabar Catholic Forane Church, Edappally etc. also are major attractions for someone looking for�luxury flats in Edappally. Cochin has India�s largest shopping mall in Edappally � Lulu Shopping Mall, built on an area of 17 acres. Oberon mall, the first full format mall in Kerala is also a finest attraction of Edappally. Oberon is around 1 km distance from the Edappally Junction. The night life of Cochin has become Lulu focused and visitors flow continues even late night. Varma Homes, the�builders in Cochin�offer flats and 2 bhk luxury apartments in Edappally near Lulu Mall to ensure you best access to the favourite shopping location of today�s Cochin. The best�home builders in Kochi, Varma Homes� compact apartments � Varma Regent is being built at Edappally. Varma Regent is one of the current ongoing residential projects of Varma Homes, located at Ponekkara. The 2 BHK luxury homes ranging between areas of 862 sq.ft to 1357 sq.ft ensure all premium facilities on an affordable price range. Varma Regent is on its last phase of completion and the project will get accomplished by the end of December. Most of the units of Varma Regent are already sold out and only few units are left. If you are looking to buy an affordable�apartment in Edappally�with luxury amenities, pay a visit to Varma Regent�s sample apartments which is all set for the home seekers so as to make a wise decision on buying it. We at Varma Homes, the top�builders in Edappally�always create the best living spaces meeting the requirements of our clients. If you are looking forward to�buy apartments in Edappally, Varma Regent is the best option. For more details, contact us today. Call +91 9645 88 33 33 for more details.