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What Makes Buying An Apartment In Thrissur, Kerala, A Good Investment?
The vibrant city of Thrissur has long enthralled visitors from all across Kerala with its rich cultural heritage and business savvy. The desire for real estate developments in this land of festivals, which is also a thriving commercial centre, has recently increased. Due to its tremendous potential, Thrissur is experiencing a lot of activity in the real estate market. The city has several qualities that make it a highly sought-after location for real estate investment.
When it comes to apartment investing, prospective buyers prioritise finding a flat or apartment in a location that enables them to live a healthy and fulfilling life. Real estate developers have responded to this requirement by creating flats in Thrissur with slick, contemporary architectural designs that also include the local culture. But are there any additional advantages to purchasing a Thrissur apartment? Here are a few benefits that clients can take pleasure in if they decide to buy a home here.
1. The Luxury of Accessibility
Not every city in Kerala can boast that the bulk of its flats or apartments offer quick access to the most important landmarks, tourist destinations, and other practical locations. Of course, Thrissur is an exception. Purchasing apartments in Thrissur ensures that you will nearly always live close to the nearest significant monuments.
2. Thrissur is a Tourist Hub
Thrissur Pooram, an annual temple festival conducted at the Vadakkunnathan temple, draws a large number of international tourists to the city. In addition to having the best of city life, Thrissur, which is surrounded by a lot of flora and foliage, is home to the Athirappilly waterfalls and the Vilangan hills. The Peechi dam and the Punnathur Kotta elephant sanctuary are visited all year round by tourists from near and far. The majority of the well-known mosques, churches, and temples are concentrated in the city. Since the Chera Empire, Kodungallur has held significant archaeological significance as a result of its strategic role as a port of entry for naval fleets.
3. Choices Galore when it Comes to Apartments
There are many different kinds and price ranges of apartments in Thrissur. Thrissur has everything, from practical, affordable flats to opulent apartments that incorporate some of the greatest architectural characteristics into your dream home. Kerala is undoubtedly one of India's most advanced states in terms of real estate development. Kerala adopts any new real estate trend quite swiftly. So, you can relax knowing that apartments in Thrissur are there to suit your preferences, regardless of your spending limit, lifestyle, or other preferences. Therefore, it is quite possible that you will eventually wind up investing in apartments in Thrissur without much effort if you want to enjoy a vigorous lifestyle in the heart of Thrissur without giving up the concept of your dream home.
4. A Home for All Budgets
Apartments in Thrissur are built on the principle of competitive price. If you choose to invest in flats in the city, you can be sure that you will pay a reasonable price when compared to other areas of India. Due to the wide variety of options available to buyers, Thrissur's apartment prices have long been competitive. Thrissur is the ideal location to buy your dream house and prepare for a long-term settlement when you consider all of these factors along with the availability of apartments in different shapes and sizes to suit your lifestyle preferences.
5. Thrissur Offers You All the Facilities of Life
Every person who looks for a place to build their home considers the accessibility of everyday essentials. The city of Thrissur consistently comes out on top because it has excellent transportation, health care, and a comprehensive educational system. Apartment investing in Thrissur is a wise choice because the city has all the conveniences and even offers special features that no other area can.
These are a few of the factors that make Thrissur apartments a sensible investment. While maintaining accessibility, it provides seclusion and enhances your standard of living. Builders in Thrissur offer a wide range of options, whether you are searching for a small, practical apartment or a spectacular, modern luxury apartment for you and your family. You won't have to give up on accessibility or conveniences, and you'll also get to live in a quiet neighbourhood far from the hustle and bustle of the city.
Situated within the cultural perimeter of Thrissur, Varma Homes carry an array of apartment options that matches your expectations for exemplary modern living. With its characteristic features, our milestone projects could be your chance to realize a perfect home in the temple town capital of Kerala.
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Apartment Living: Do's And Don’ts
Certainly, there are numerous perks to living in an apartment. When compared to other housing alternatives, apartment living is the safest and most convenient. But, in order to make it effective, we must consider many factors. The Do's & Don'ts listed below can help you make the most of the amenities available to you and to build a happy life in your dream apartment.DO’S:1. Be ResourcefulAn apartment is a concept that gives you your space while also allowing you to share common facilities with the other inhabitants. As a result, it is your responsibility to ensure that you’re resource-conscious. Use the resources associated with them judiciously while washing the car, watering the plants, using electricity in common areas, or hosting a clubhouse party.2. Make Your Place Feel like A HomeTreat your place as if it were your own. You may customize it in a variety of ways to make it appear & feel like your own. Incorporate your individuality & select a hue that you’re comfortable with. It's enough to start by exhibiting your collection, decor, planting some greenery, showing some beautiful old images you enjoy, & creating a comfortable place that will relax you from within. As a result, it is advisable to adorn each & every nook with everything that makes you feel at ease at home.3. Utilize the Available FacilitiesWe' aware of all of the great facilities in our apartment, but actually using them is another matter. The early difficulties of forming a new habit may have little to do with accessibility. In your apartment, you could find an air-conditioned fitness club, a swimming pool, or a children's play area with equipment, as well as a slew of other modern conveniences. When you already have all of them, it isn't a good idea to leave them away without considering the benefits. Begin by going to the pool after work for twenty minutes or spending time at the park with your children in the evening.4. Maintaining a Regular Cleaning ScheduleDon't put off cleaning until your home is completely covered with dust & trash. Make it a practice to clean every day before bed. Every day, spend at least 15 minutes cleaning the floor & dusting tabletops & other surfaces. Allowing dirty dishes to accumulate in your residence is not a good idea. To avoid pest infestation, wash them as soon as possible. If you keep your apartment clean & quite well maintained, it will infuse positivity into your life as well as make you feel happier in your abode.DON’TS:1. Don’t Be a Bad NeighbourAn apartment is a shared living space. If you would like to be treated well, always be a nice man. If you really want your neighbours to treat you well, you should treat them well. Simply be a nice neighbour & know where to draw the line in your neighbour's best interest. Avoid loud music, don't have overnight parties that might produce unpleasant noise, don't get into minor conflicts that cause general problems, & constantly be aware of your garbage & other items. It's the tiny things that, if they go ignored, may quickly pile into an uncomfortable scenario.2. Don't Put Off Reporting Maintenance ProblemsThe longer you wait to address problems with your power, heating, cooling, pests, & water, the worse they will get. It is always preferable to report issues as soon as they occur. Be it a tiny leak that can be repaired without causing harm to your floor or creaks from your ceiling, If minor concerns are not addressed promptly, they’re likely to escalate into larger issues, & it won't be long before this causes problems closer to home. As a result, even if there's a maintenance issue or anything that doesn't belong in your living environment, take immediate action.3. Don't Leave the Complex LitteredWhen we live in a community, we have some restrictions on our freedom. Because you'll be utilizing these amenities daily, avoid cluttering the apartment complex, particularly the walks, elevators, parking lots, and amenity areas. And, of course, no one likes to begin their day by visiting a littered location. Though your apartment & its complex are undoubtedly important aspects of your regular life, there are some areas of the apartment building that are shared. As a result, make sure you live on your own terms while remaining aware of your limitations.Living in an apartment is a beautiful experience with its own uniqueness. You can also make your experience in the apartment complex the best if you begin living as a tenant with care and consideration for others in the neighbourhood. In a home where you'll spend the rest of your life, make sure you establish an atmosphere of safety, love, & caring. Now you know the fundamental apartment "Do's and Don'ts." However, you must first choose the proper builder to ensure your perfect comfort and happiness in your ever-dreamed apartment. Varma Homes, the most trustworthy apartment builder in Kerala, has created luxury apartments that are built for the occupants' entire comfort and happiness. Being, the top builder in Kerala, we provide you with a modern lifestyle of luxury, convenience, & pleasant living with the most sophisticated facilities as well as eco-friendly elements. Kochi, Tripunithura, Thrissur, and Thiruvananthapuram are among the cities where we have our ongoing apartment projects. Pick the one that best meets your requirements. For more information, please contact us immediately or go to our website.
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THE NEW TRENDSETTER: COMPACT HOMES
As our nation is fast-moving from developing to a developed one, affordable housing is essential for living. The lack of non-availability of land, substantial land prices and the increasing housing prices have now become the driving factors for the significant demand for compact homes. Most of the nuclear families in India preferred for compact homes, as the large space is not in their priority list. They don’t like to spend their hard-earned cash on those unnecessary spaces. On the other hand, they opt for a compact home which helps them for additional investment expenses. Compact homes are easy to manage for the nuclear family, yet large enough to put up the future of their children. With growing urbanisation and migrating employees, the demand for small and smart homes is also on the growth. Migrating employees like to settle in a flourishing city for good. Progress in rural infrastructural development and government concentrating on affordable housing programs below their agenda of housing for all before 2022, the compact housing scheme has become one of the most significant aspects in today’s picture. So let’s check out some advantages of a compact home, which are making it a smart choice for home buyers. Affordable- Costs of smaller apartments are comparatively cheaper. The idea is in line with the government's affordable housing program. Not only this, these compact apartments are armed with all modern amenities which offer a modern & elegant living experience. More Energy Efficient- Compact homes are often more energy-efficient as they have less space to heat and cool, which means they have a lower environmental footprint. Less Maintenance & Cleaning required- Large houses need a lot of maintenance costs, while compact homes are budget-friendly and typically easy on utility bills. Small room means less time paid on cleaning and home maintenance. This has been a big bonus for family, as it means to spend more time outside, doing things you love. With the smaller space, you can do most of the maintenance work yourself and save cash the cost of labour. Optimal Utilisation Of Space- Small-sized apartments let optimal utilisation of space which usually lacks in large apartments and leads to space wastage. Compact homes are carefully designed to provide everything though guaranteeing that no space is wasted. Good Resales- Because of the high demand for compact homes, it's resale value is considerably higher. This means that owners of such homes can get a good return for investment on their home without any hassle if they desire to relocate or move into larger homes. Hence compact homes are trending a lot at current for numerous good reasons, the resale will be easy. Smartly Designed- Compact homes can be constructed to outfit a high functional lifestyle. With the smart set of principles, you can design these compact homes to get the feel like a spacious space. Such as using large windows for sufficient lightening and to lessen the compacted feeling, keep the ceiling length as high as possible, lessen as much as furniture and focus more on appliances of wall hanging, give a small utility area or balcony. Compact homes allow crafting the house reliant on one’s likings and necessities. You can easily introduce the latest trend of home decors in compact homes. As these have less space, the decor expense will be very less. Living small takes creativity, ingenuity and flexibility. A big home may be a dream for someone, but a smaller home may be the smarter and the flexible choice for those who need to save money and time. Now various reputed builder is developing compact homes with all the luxurious amenities that one could think of in big homes or villas. In place of constructing it in the house itself, they are building community-based homes and offering facilities for the whole community. This is the safest and smarter choice, as many buyers are looking for small compact houses to live at their favoured location, nearby conveniences, and the best thing is they get it at a reasonable price. What are you exactly looking for? Are you looking for such budget-friendly compact apartments in Kerala? If you are looking for your dream compact apartment housing project in Kochi, reach out to us, Varma Homes, the trustable name. One of our ongoing compact apartments in Kochi is Bougain Heights, located in the most tranquil living environ of Chottanikara. It is a 2 BHK & 3 BHK compact apartment with all the modern amenities including fully automatic lifts, intercom facility, children’s play area, gymnasium, firefighting system, 24/7 power backup, 24/7 water supply, surveillance camera, security, car parking, landscape garden, conference room and breath-taking surroundings with spectacular scenic view of nature. All together Bougain Heights is simply the budget-friendly compact homes with comfortable living, tranquil nature and beyond values. Give us a call to book this stylish apartment and make way for tomorrow’s soothing living!
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The Changing Landscape of Luxury Real Estate in Kerala: Opportunities and Challenges
The real estate market in Kerala has undergone significant changes over the last decade. As the economy has grown and the population has increased, the demand for luxury real estate has also risen. The changing landscape of luxury real estate in Kerala presents both opportunities and challenges for developers and buyers.Opportunities:1. Growing Demand: As Kerala's economy has grown, so has the demand for luxury real estate. The state has a large number of affluent individuals and NRIs who are looking for premium properties. Luxury homes offer modern amenities, high-end finishes, and a comfortable lifestyle, which are increasingly being sought after.2. Rising Income: With the increase in disposable income of individuals, there has been a growing demand for luxury homes in Kerala. Many professionals who have returned to Kerala after working abroad or in other states are looking for premium homes that match their lifestyle.3. Tourism: Kerala has become a popular tourist destination, and the demand for luxury vacation homes has risen significantly. Many investors are buying properties in prime locations to convert them into vacation homes or homestays.4. Attractive Investment: Luxury real estate in Kerala is a lucrative investment opportunity. Properties in prime locations, with unique features and amenities, tend to appreciate quickly and offer high rental yields.Challenges:1. High Prices: Luxury homes in Kerala are priced higher than other types of properties. This makes it a challenge for many buyers to make it financially viable, and developers must ensure that the amenities and features offered justify the higher costs.2. Lack of Infrastructure: Many luxury properties in Kerala are located in areas that lack basic infrastructure facilities such as proper roads, electricity, and water supply. This poses a challenge for developers to provide these amenities and create a comfortable living environment.3. Regulatory Challenges: Real estate development in Kerala is subject to strict regulations and government approvals. Obtaining permits for construction and project completion can be a lengthy and complex process, adding to the cost of the project.4. Competition: The luxury real estate market in Kerala is highly competitive, with many developers vying for the attention of affluent buyers. Developers must ensure that their properties offer unique features and amenities that set them apart from others in the market.Conclusion:The changing landscape of luxury real estate in Kerala offers both opportunities and challenges for developers and buyers. While the growing demand for luxury homes presents a lucrative investment opportunity, developers must ensure that their properties offer unique features and amenities that justify the high cost. Buyers, on the other hand, must carefully consider the location, infrastructure, and regulatory requirements before investing in luxury real estate in Kerala. With careful planning and attention to detail, developers and buyers can navigate the changing landscape of luxury real estate in Kerala and benefit from this growing market.
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Check Before You Buy: Know Your Rights As An Apartment Buyer
Buying an apartment can be an overwhelming endeavor, and there are so many facets to consider. With countless laws governing the real estate market, it may seem impossible to know exactly what you’re signing up for when buying a property. It is therefore vital to have a basic idea of what the contract entails before signing it. There are various laws pertaining to the sale of real estate in Kerala which are meant to safeguard the interests of both buyers and sellers. To avoid possible problems, homebuyers must be informed of such laws and their rights under them. Here are some must-read rights of a property buyer in Kerala to help prevent any potential issues related to apartment buying.Ø Right to Get Information One of the key rights for buyers when buying a new apartment is the right to get complete information about the project they are investing in. So, the homebuyer can use this right to access all project information, legal sanctioned plans, building layout plans, RERA registration number & other specifications approved by the responsible authorities. After all, your home is one of the largest purchase decisions you will make, and by having access to all the information at your fingertips, you can be sure that your choice was the best one for you.Ø Right to Understand Construction Schedule The prospective buyer has the right to be informed of the project's step-by-step completion schedule, which includes provisions for electricity, water, sanitation, and other services and facilities stated in the sale agreement's terms and conditions.Ø Right for InspectionBefore you buy an apartment, you have the right to inspect it and make sure it's in good condition. If it is an under construction project, you also have the right to inspect the project's progress. This right of the buyer to inspect the property before making full payment is intended to help minimize disputes and claims of misrepresentation at a later stage.Ø Right to Claim a RefundAs per RERA rule, the homebuyer has the right to claim a refund when the builder fails to deliver possession of the apartment property according to the terms stated in the sale agreement. In such cases if any dispute arises between builder and homebuyer in terms of refund, RERA could help the homebuyer to get the refund amount. The National Consumers Defense and Research Center (NCDRC) has ruled that buyers are entitled to a refund if possession is delayed for more than a year after the builder's agreed time. As per NCDRC, if projects are not delivered within that specified time frame, the developer is required to repay the full amount plus 10% interest. Ø Right to Claim PossessionThe right to claim possession of an apartment could be considered one of the most important rights that a buyer has over the property. This right helps the buyer get his or her hands on the property once all of the necessary formalities have been completed, and the required payment has been made. So, as a homebuyer, you have the right to claim possession of the apartment, provided the builder has handed over all the essential documents, such as the completion certificate, rights to use common areas, if any, and building insurance, which is compulsory under the law.Ø Right to receive benefits in valueFollowing the transfer of ownership of the apartment from the builder to the buyer, the buyer is entitled to any increase in the property's value, as well as the rents and gains generated by the property. After the deal, the builder may have no claim to the benefits of the apartment property.Ø Right to File a Complaint about the ModificationsAs per RERA rules, a buyer has the right to file a complaint if a builder makes any changes to the permitted plans, floor plans, fittings, and amenities without the consent of at least 2/3rds of the allottees, apart from the promoter, who have agreed to purchase an apartment in a building.Ø Right to Get the Title DeedThe seller's title to the property is transferred to the buyer when the deed is signed. The seller must officially confirm that the property is wholly free and clear of any legal encumbrances. The buyer owns the legal rights to the property once the title deed has been registered. Takeaway, You have been educating yourself about your rights as a homebuyer, drawing you one step closer to getting your perfect dream home. If you're looking for the most trustworthy and responsible builder in Kerala to own your dream apartment, Varma Homes is a wise choice. We bring you a broad range of apartments that match your desires & balance your lifestyle in your favoured locations in Kerala. Get ready & never hesitate to buy an upcoming or under-construction apartment with the most trustworthy real estate builder, like Varma Homes, as all our ongoing projects are registered under RERA. We have strictly followed traits such as on-time delivery, top-notch quality, and trust since the inception of our apartment projects, which has made VARMA HOMES the best of the rest!
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Is Buying An Apartment Better Than Renting One In Kerala?
The desire to have a place to call home is what provokes the majority of people to own an apartment. But sometimes, they are stuck in the EMI vs rent dilemma and hence they are hesitant to take a good decision. Many questions may arise, such as whether it is sensible to pay more for an EMI when I can rent it for a significantly lower price, or whether I can handle the bank loan interest, and so on. Yet, in the end, most people choose to settle down in their own home. Now it seems that the residential real estate industry is at its best now with several favourable factors that force people to buy an apartment in their favourite location. People can access loans at historically cheap interest rates now. Owing to the RBI's decision to lower the repo rate, home loan rates have fallen below 7* percentage, compared to 8-9* percent a year ago. If you have adequate monetary wealth, you can purchase an apartment. Though, if you do not, then also, you can try to purchase a home with EMI. After paying high monthly rent, you will eventually buy your home. Paying EMI is better than paying high monthly rents. After all, finally, you have your own property to call "Home". In the case of renting, rent is a monthly payment that does not result in the creation of any physical asset. Paying EMI, on the other hand, has important impacts: it not only gives you present shelter but also advances the proportional possession of the property. While it is true that renting relieves one of the stresses of EMI payments, property taxes, & other legal concerns that come with owning a home. Unlike apartment owners, renters do not have to pay for maintenance or repairs, & they do not have to pay property taxes. However, owning a property as an investment might save you a significant amount of cash, thereby leaving you to build equity and also the appreciated land value will promise you a huge return on your investment. Make the Correct Decision! Owning your own home is desirable, & the time is when you can afford it. Affordability is usually a crucial factor when it comes to purchasing your own home. As a rental, you will not find a decent property for less than 15-20k rupees in a good area, so even if you stay there for 15 to 25 years, you won't have a home to call your own. However, if you buy it with a home loan, you have a home of your own; you won't have any trouble settling down when you retire, a home increases your net worth & credit score, your future generations have an edge over others, and so on. Without a doubt, owning an apartment is a worthwhile choice rather than renting one. Renting does not allow you to build equity in the same way that buying an apartment does. Also, your rent could increase at any time. You're perhaps under the control of your tenant, who may order you to leave or defer repair demands. But, when you take out a loan to purchase a home, you're already mindful of the EMI you'll have to pay over time. But it is worth than renting. Let's look at a real estate property in Kochi as an example. Consider the following scenario: You need to pay 20K average in rent to get a housing, with around 5% increase in rent per year. The rental range will increase in the next ten years too. On the other hand, if you purchase a nice apartment for 40–60 lakh & pay an EMI of 30K with today's lower loan interest rate for a period of 20 years, you will save a huge amount in the long run. Also, it might be possible that in twenty years, the price of your apartment will also increase. So, think about whether you want to invest in it. That is, do you want to pay around 2.5 lakh in rent per year or do you want to own a house that will be an asset to you? Wrapping up, In fact, renting has its own set of benefits, such as flexibility, HRA, & lower monthly costs, among others. But when it comes to apartment ownership, it offers a long-term investment with the potential to create equity & raise the value of your house over time, as well as tax benefits & the option to transform your home into a source of income & integrate yourself into your community. Furthermore, by taking the step of purchasing your own home, you provide greater stability for your family's lives as well as their social lives. Besides, the sense of security & pride that comes with owning a house is unrivalled. And it is better to own your dream apartment through a mortgage, since it'll be all yours after a few years & you won't have to pay for it. But a rental house will always be for rent & you'll be paying for it for as long as you live there. Hence, it's quite obvious which option is the greatest. So, don't get caught up in the buying vs. renting debate any longer! Buy your dream home with Varma Homes, one of the leading builders in Kerala, offering apartments in Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode with top-notch amenities.
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