Investing in real estate has always been a significant financial decision, and Gulf Non-Resident Indians (NRIs) are increasingly drawn to Kerala, India's real estate market. This attraction can be attributed to various factors, ranging from emotional ties to favorable exchange rates, high rental yields, a growing real estate market, affordable prices, and legal protections. This article explores the key reasons why Gulf NRIs are opting to invest in Kerala's property market, including luxury houses in Kerala, apartments in Kochi, flats in Thrissur, and the roles of builders in Trivandrum in shaping this trend.
Investing in property in their home state or city gives many NRIs a sense of connection to their roots as well as a sense of security. This emotional bond might be especially strong for Gulf NRIs who have lived and worked overseas for an extended period of time. Purchasing real estate in their native state or city might help individuals keep links to their cultural background and familial relationships. Furthermore, for Gulf NRIs hoping to return to India in the future, investing in property may give a sense of security and stability. They might live in the property alone or with family members, or they can rent it out. For many Gulf NRIs, purchasing property in India is a financial as well as an emotional choice. Having a house in their home state or city offers a sense of stability, comfort, and familiarity, which can be beneficial for those who live far away from their relatives and loved ones. Furthermore, investing in real estate in India may be viewed as a means for people to give back to their home country and contribute to its growth. It is a method for many Gulf NRIs to express their pride in their cultural heritage and dedication to their community.
Favorable Exchange Rates
The exchange rate between Gulf nations and India plays a pivotal role in property investments. When the exchange rate is favorable, Gulf NRIs can acquire more Indian rupees for each unit of their currency, making investments, like apartments in Kochi or flats for sale in Thrissur, more affordable. This currency advantage encourages property investments in Kerala, particularly among Gulf NRIs who can seize the opportunity to invest with reduced foreign currency expenditure.
The value of one currency in respect to another is referred to as an exchange rate, and it can fluctuate over time. When the exchange rate between the Gulf nations and India is advantageous, Gulf NRIs might get more Indian rupees for each unit of their currency. This might make investing in real estate in India easier and cheaper for them. Favorable exchange rates can make it simpler for Gulf NRIs to invest in Indian real estate by lowering the amount of foreign cash they need to spend. But, bear in mind that currency rates are unpredictable and can move quickly, so keep a watch on them before making any investing decisions.
High Rental Yield
Kerala has a thriving rental industry, notably in towns such as Trivandrum, Kochi, and Calicut. Because of the increasing demand for rental properties in these locations, Gulf NRIs may be able to earn significant rental yields on their assets. The rental yield might vary depending on the property's location, nature, and quality, as well as the current rental prices in the region. Nonetheless, Gulf NRIs may often expect rental rates of 4-6%, which is considered a fair return on investment in the Indian real estate market. With the emergence of holiday rental sites such as Airbnb, Gulf NRIs may be able to earn even greater rental returns by renting out their houses as short-term holiday rentals, especially in famous tourist locations such as Kerala. Overall, the prospect for high rental yields may be appealing to Gulf NRIs wishing to invest in Kerala real estate.
Growing Real Estate Market
Growing real estate markets in India are drawing Gulf NRI investment. Kerala, in particular, has experienced a recent spike in real estate demand and property prices, making it an appealing option for Gulf NRIs wishing to invest in Indian real estate. The increasing demand for housing as a result of the state's expanding population, urbanization, and infrastructural development is one of the causes behind Kerala's developing real estate industry. The development of new IT parks, commercial hubs, and industrial zones in towns like Trivandrum, Kochi, and Calicut has also generated job possibilities and drawn more residents to these areas, increasing housing demand. Kerala's state government has established a number of policies and efforts to help the real estate sector, including easing the clearance process for new projects, giving incentives for affordable housing, and granting tax breaks to real estate developers. The previously stated advantageous exchange rates and high rental returns, together with the emotional tie that many Gulf NRIs feel to their home state or city in India, have all contributed to Kerala's expanding real estate industry.
The advantageous exchange rate is one of the elements that makes property investment in Kerala inexpensive for Gulf NRIs. Because the Indian rupee is often lower than Gulf currencies, Gulf NRIs may be able to obtain more bang for their buck when investing in Indian real estate. With the advent of the Indian government's affordable housing projects, there has been a drive for developers to create more inexpensive homes in Kerala and other regions of the nation. As a result, the supply of cheap houses in Kerala has increased, making it simpler for Gulf NRIs to discover residences that meet their budget. For Gulf NRIs interested in investing in Indian real estate, many financing alternatives are available, including house loans from banks and financial organizations. While property costs in Kerala vary according to location, kind, and quality, there are many reasonable choices accessible for Gulf NRIs interested in investing in Indian real estate.
There is the legal protection given to Gulf NRIs who invest in property in Kerala, India. The Indian government has put in place different legislative frameworks to safeguard property purchasers' rights and guarantee that the real estate business is open and responsible. The Real Estate (Regulation and Development) Act of 2016, for example, attempts to regulate the real estate market and promote openness, accountability, and efficiency in transactions. The statute compels developers to register their projects with the Real Estate Regulatory Authority (RERA) and submit complete information about the project, such as its completion timetable, specs, and cost. It also requires developers to deposit a set amount of the project's cash in a separate bank account to verify that the funds are utilized for project development. In India, there are several consumer protection regulations, such as the Consumer Protection Act of 2019, which offers a framework for customers to seek remedies for any issues linked to transactions with developers or builders. In the event of a disagreement or legal issue arising from their property investment, Gulf NRIs have legal recourse. To resolve disagreements between parties, the Indian legal system offers numerous dispute resolution processes such as mediation, arbitration, and litigation. Gulf NRIs are clearly investing in Kerala property for a variety of reasons, including emotional tie to their country, good exchange rates, strong rental yield, a developing real estate market, and inexpensive costs. Several surveys and data on real estate investments in India reveal a considerable growth in investments from Gulf nations in recent years, indicating a trend of Gulf NRIs investing in Kerala property. Furthermore, anecdotal information from real estate developers and property agents in Kerala shows that Gulf NRIs are increasingly interested in investing in houses in the state. It is apparent that Gulf NRIs see Kerala as an appealing property investment location, and this trend is expected to continue in the future years.
The increasing trend of Gulf NRIs investing in Kerala's property market is a result of a combination of factors. Emotional connections, favorable exchange rates, high rental yields, a burgeoning real estate market, affordable pricing, and legal protections collectively contribute to making Kerala an attractive investment destination. Whether it's luxury houses in Kerala, apartments in Kochi, or flats for sale in Thrissur, the roles of builders in Trivandrum and other cities are instrumental in shaping the real estate landscape and catering to the preferences and aspirations of Gulf NRIs. This trend is expected to continue, further solidifying Kerala's status as a favored choice for Gulf NRI property investments.
Are you dreaming about owning your dream home in the heart of a city? But confused if you should invest in an independent house or an apartment. Here are some of the points that will help you to choose your dream home. Choice of Locality In a metropolitan city like Kochi, we have seen that the accessible open spaces are getting depleted by real estate builders and their projects. This is because of a major number of people moving into the city and hence their increase in the demand for houses. But the lack of space availability is the major concern to those people who like to find a house close to their workplace, kidís schools, hospitals or other accessibilities in the heart of the city. So finding a plot to build your own independent house might be a tedious chore. Instead, you can be able to find a huge number of choices in apartments across the city. So it is very easy to find a dream home that meets all the essential requirements of city life like proximity to the office, schools, hospitals, shopping malls and other social infrastructure. Ready Availability vs. Flexibility When you construct a personal house, you've got the freedom to decide on the planning, entire construction of the house and in future, you can easily upgrade it upon your tastes. However, with apartments, you might not be allowed to form any alterations to the most construction. You can, however, prefer to splurge on the inside style to convey it your personal bit. If you build a home on a plot it'd take a substantial quantity of your time for the development to be completed. In terms of the apartment, if you select a reliable builder with RERA registered you've got the peace of mind that you simply would get your home among the stipulated time. And with apartment, you merely need to pay the worth of the property and also the builder would beware of all the construction work and timely delivery. You do not have the trouble of finding architects and contractors to assist you to build like individual homes. Amenities Most apartments offer a variety of amenities to its residents. They are swimming pool,†††fully automatic lifts, clubhouse, health club, water filter, sewage treatment plant, solar energy utilization, children's play area, rooftop party area,†††intercom facility, video door phone, surveillance camera, fire fighting system, caretakerís room, driverís room, provision for 24 hrs lift, power & water supply facility. So purchasing an apartment property comes with these added values whereas an independent property needs extra effort for setting up of these services. Moreover, various housing projects also deal with additional on-call assistance like housekeeping, laundry, medical facilities, electrician, plumber, cooks and others. Whereas in case of an independent house, a homeowner is needed to take a considerable amount towards putting in these facilities and its maintenance. Privacy vs. Safety There is no doubt that the privacy that a personal house offers is kind of one thing. This is not meant that apartments are lacking. But the common areas in the apartments would be accessible to all the residents. However, one key factor draws most of the home consumers to apartments is round-the-clock security.†That is apartments come with 24*7 manned security guards, surveillance cameras and monitored visitor management system. Also, living in a community adds to the safety factor as having a lot of neighbours around will solely helpful within the event of an emergency. Home Loans If you are applying for a home loan then it is easier to get the home loan for an apartment over any individual home. The lending is difficult in the case of independent properties whereas apartment housing projects have pre-approved loans from lending institutions which make it easier to secure home loans. Read more about pre-approved loans in our article ďopt for pre-approved home loan & take a step closer to your dream homeĒ ††& know its benefits. Resale Value Nowadays the demands for apartments are very big across major cities. Even in smaller cities, home consumers prefer apartments over individual houses. This shows that resale of apartments is likely to be easier over independent houses, further bringing greater resale value. Tax Benefits When you decide to take a home loan to purchase an apartment, you are entitled to tax benefits. When it comes to individual homes, the residents will avail a loan for the purchase of land besides as construction of the house. However, tax exemptions can't be availed solely on the acquisition of the land. It is difficult to say which one is better, as each has its own pros and cons. So the decision must be based on the choices that would suit you and your family. It is clear that based on the current housing scenario, it is more sensible to choose an apartment complex than an individual house. Are you searching to buy the best apartments in Kerala? Then you can get in touch with Varma Homes as a pioneer in real estate industry, we offer high-end amenities to all our apartments in the major areas of Kerala like Kochi, Thrissur & Trivandrum which helped many buyers to reach on your dream home. Visit Varma Homes†to know the exact details of all our residential projects and select the best from it.†So weigh all your options and connect with us to book an apartment in your favourite location to lead a happy and comfortable lifestyle.Read More
When this 2020 rolled in, all was set to celebrate the colours of happiness, positivity, and love, but contrarily, we all got locked down in our homes. Due to this pandemic Covid-19, the whole world is facing a threat that will keep to haunt us for a long period. Individuals have seen crucial changes and disappointing depreciation of their investments. Moreover, the stock markets have crashed, fluctuating gold prices, equity funds and shares hitting a slashing low. So living in this period of crisis, we can realize that the best investment option is definitely investing in real estate. Hence letís go through the reasons that will help you to better to think of investing in real estate during this lockdown period. † Highest Of All Times ROI Based on data from NCREIF (National Council of Real Estate Investment Fiduciaries), realty market helped individuals to return an average of 9.85% over the past years. This is obviously higher than all other investments like equity funds, shares, bonds etc. Since real estate has high tangible asset value, no matter what is the current situation in the world right now, you can hold this asset tangibly that will increase its reliableness and return on investment. † Supply and Demand Breakthrough Real estate is a tangible asset made up of property and the land on which it sits, and like other assets, real estate is also subject to supply and demand. Now the supply is less and during this time, supply-demand breakthroughs will remain to profit the investors. Investing in real estate during this time will definitely benefit the investors. † Stable Investment In The Current Scenario Real estate is the best asset class in the investment hoop, as a more reliable choice offering steady returns when it compared to the highly volatile stock market like gold or stocks, that might comes with increased risks and you might lose money. But when you invest in the realty market and rent out the property you can benefit a lot. The rental yield from the realty market is much high than returns on any conventional sources of investment. So real estate is one of the best attractive and stable income return even in this lock-down period. † Reduced Home Loan Rates In the wake of the Coronavirus outbreak, it is the right time for those who chasing a life goal to own their own beautiful home. With banks beginning to lower down lending rates, more individuals are expected to take the plus of the incentives to purchase residential property as the lower EMIs would nearly match their current rents. So if you are among them then no more waits,† reap the benefits now! † Significant Opportunities For NRIs To Consider Investing In Indian Real Estate Due to this crisis, NRI's coming back to Kerala post lockdown to settle their business, and so they will be looking for apartments which are as per their standards and within trendy design and construction. NRIs can turn this present scenario as the opportune time to invest in real estate on the shoulders of less home loan interests, currency devaluation etc. So go ahead, make its best use and realize your lifetime dream. † In short, amidst this coronavirus outbreak all around, it should be better to think of making an investment in real estate that will give you major returns in the future. This Lockdown period Varma Homes, the top builder in Kerala offers apartments that stand for superb quality, comfort and happiness packaged with ample incentives transforming lockdown blues to knock down your dream apartment into reality with lucrative offers. Use this uncertain time to choose the best ever secure and safe investment which guarantees higher returns and notable appreciation.† Book your dream asset with Varma Homes, we have affordable luxury apartments in Kochi, Trivandrum and Thrissur and make a† happy ending during this lockdown period.Read More
Diversification and variety are crucial in life, be it in our personal sphere or our investments. Keeping all your arsenal under one shelter can have disastrous results at times, which makes it even more important to have multiple investment options. Real estate is a popular option among a number of people today, thanks primarily due to the safety and high returns on offer, but it is often seen that investors make blunders while investing, blunders which can have a harsh impact on their income in the future.If you do not want to commit any major mistake while investing your hard earned penny, flats in Thrissur by Varma Homes are one of the perfect examples for the same. If you're just getting started in real estate investing, don't expect to become an expert overnight. You can indeed make money buying and selling properties, but it takes knowledge, determination, and skill. It also helps to know some of the classic mistakes that others make when they start investing in property, to help you avoid making them as well.Mistakes to Avoid While Investing in Real Estate are as follow1. Not Having A Clear Investment StrategyYou should have a plan before you invest your hard-earned money in any venture. It's imperative when it comes to real estate. You should first identify where you want to invest your money. Residential homes are good options for beginners. On top of that, they also make for an easy sale later on.2. Not Doing Your ResearchAnother simple yet crucial step in real estate investment is to do your research. It might be tempting just to buy a property you like and hope for the best, but that's not how this industry works. You need to understand first what you're getting into, where you're investing your money, the potential returns (if any), and other related aspects.3. Not Considering The LocationLocation is a major factor when it comes to investing in a real estate property. One of the most major mistakes to avoid while investing in real estate property is not taking the location into serious consideration. Most people compromise on the location of a place if it costs less. This is one of the major mistakes to avoid while investing in real estate property. You might as well choose a good real estate property with the best facilities and resale value than pick a real estate property that is cheaper with numerous loopholes.4. Neglecting The Reputation Of The Realtors/BuildersThis is one of the most important things to keep in mind when planning to invest in real estate. Real estate brands and builders are the backbone of good real estate property and help in investing in one. So, when you seek a real estate brand for getting a property, it is essential to know that they are well known and have a good reputation and brand name in the market.Make sure that you keep in mind that not taking notice of the real estate brands you seek out is one of the important mistakes to avoid while investing in real estate.5. Lacking Proper PaperworkThe next common mistake to avoid while investing in real estate is nothing but not having structured paperwork. Paperwork needs to be on point to have a smooth registration process and handover of the property. Investing in good and strong paperwork is the best way to make the right decision.6. Blindly Trusting OthersA number of people who purchase property are first timers, who often rely on the word of others when they invest. Blindly trusting a third party while investing can be extremely stupid, for people are bound to do things in their best interest. Blind faith can lead to you spending more than what is necessary or purchasing real estate which doesn't suit your requirements. One should consult experts in order to get a clear picture and rely on the word of those who have a proven record of offering good deals.Committing mistakes is part of human nature, and while we cannot completely wipe out mistakes, we can learn from them. Remembering a few simple points can ensure that your real estate investment doesn't become one of the biggest mistakes of your life.The reality is that if investing in real estate was easy, everybody would do it. Fortunately, many of the struggles endured by investors can be avoided with due diligence and proper planning before a contract is signed.If you want to avoid making mistakes and want to invest in a real estate property that you think would provide you with the best results in terms of the property of value and return on investments, then you should check out the luxurious Flats in Trivandrum by Varma Homes and get your investments sorted.Read More
Kerala, a picturesque state located in the southern part of India, is renowned for its captivating landscapes, tranquil backwaters, and rich cultural heritage. In addition to its natural beauty and cultural attractions, Kerala has also witnessed significant growth in its real estate sector, making it an attractive destination for property investment. If you are considering buying property in Kerala, this ultimate guide will provide you with valuable tips, current market trends, and insightful information to help you make an informed decision.Understand Kerala's Real Estate Market:Before diving into property purchase, it's crucial to understand Kerala's real estate market dynamics. Study factors like location, property types, price trends, and demand-supply dynamics in different regions of Kerala. This understanding will help you identify the right investment opportunities, whether it's a luxurious flat in Kochi or a traditional house in the suburbs, and make a well-informed decision.Set Your Budget:Determine your budget range and assess your financial capacity. Consider factors like property prices, additional costs (such as registration fees, taxes, and legal fees), and financing options. Setting a realistic budget will guide your property search and ensure a smooth purchasing process.Choose the Right Location:Kerala offers diverse locations, each with its unique charm and advantages. Consider your preferences and objectives whether, whether they align with ready to occupy flats in Thrissur, you seek a tranquil coastal retreat, a hillside haven, or an urban cityscape. Research factors like accessibility, infrastructure development, proximity to amenities, and the growth potential of the chosen location to find the perfect spot for your investment.Engage Professional Help:To navigate the complexities of property buying in Kerala, it's beneficial to engage professional assistance. Seek the guidance of a reputable real estate agent or property consultant who has in-depth knowledge of the local market. They can help you find suitable properties, negotiate deals, and ensure a smooth transaction process.Legal and Documentation Check:Ensure that the property you intend to purchase has clear and marketable title deeds. Verify all legal documents, including property ownership, encumbrance certificates, and approvals from relevant authorities. Engage a trusted legal advisor to guide you through the documentation process and ensure a legally sound purchase.Property Inspection and Due Diligence:Before finalizing the deal, conduct a thorough inspection of the property. Assess the condition of the building, infrastructure, and amenities. Additionally, evaluate any legal restrictions, environmental clearances, and potential risks associated with the property. Performing due diligence will help you avoid future complications and make an informed decision.Stay Updated with Market Trends:Keep a close eye on Kerala's real estate market trends, including property prices, rental yields, and upcoming developments, particularly when considering properties like apartments in Trivandrum. Stay updated with government policies, infrastructure projects, and economic indicators that can impact property values. This information will assist you in making strategic investment decisions.Consider Rental Income and ROI:If you plan to generate rental income from the property, analyze the rental potential and expected returns on investment (ROI). Factors like location, property type, amenities, and demand for rental properties in the area will influence the rental income. Assess the rental market and estimate the potential ROI to make an investment that aligns with your financial goals.ConclusionBuying property in Kerala offers a unique opportunity to own a piece of this enchanting state. By understanding the market, setting a budget, choosing the right location, engaging professional help, ensuring legal compliance, and staying updated with market trends, you can make a wise investment decision. Remember to conduct thorough due diligence, assess the property's condition, and consider rental income potential for a successful and rewarding property purchase in the Builders In Kerala.Read More
Everyone strives to achieve the key milestone of home ownership. And it becomes a notable accomplishment while purchasing a flat in Trivandrum. Despite being the capital of Kerala, Trivandrum is still expanding both vertically and horizontally. There is a tonne of residential developments underway throughout the city, which gives homebuyers a tonne of options since the real estate market is booming!With miles of tranquil beaches, several lakes, and eco-tourism in the enigmatic Western Ghats, Trivandrum is renowned for its natural beauty. However, prospective homebuyers are attracted to Trivandrum just as much as tourists are. Given all the city has to offer, it is understandable that those looking to purchase apartments choose Trivandrum.Since it became the capital of the Kingdom of Travancore in 1795, this historically significant city, with roots dating back to the tenth century, has been linked to the aristocracy. Trivandrum's continuous status as the nation's capital even after independence has resulted in great infrastructure being in place as well. In addition to having some of the best multispecialty hospitals in the country, the city is also highly renowned for its top-notch educational institutions and medical travel.Trivandrum, the capital of Kerala and the second-largest city in the state, is constantly expanding in terms of real estate investments as a result of the numerous factors listed below:IT HubMore than 350 businesses and organisations with almost 60,000 employees are based in Trivandrum's Technopark, the city's information technology centre, which opened its doors in 1990. The city's current expansion, which includes the addition of 37 hectares of land as part of Phase IIII extension, is largely owed to its well-established IT hub.A Growing Job MarketAs was already said, Trivandrum is a rapidly expanding IT centre, home to large international corporations like Oracle, Infosys,TCS, UST Global, Confianz, etc., which has increased work prospects and drawn many IT professionals from throughout the state and nation. not to mention the expansion of other industries. In consequence, this has significantly increased the city's real estate market.Upcoming developmentsThe Trivandrum Light Metro is a suggested name for the metro train system that the Keralan government intends to build. It will be one of the major city developments, boosting the real estate market and the local economy. The well-known Vizhinjam harbour project will also fundamentally alter the course of the city's development once construction begins.Social InfrastructureTrivandrum has everything, including international schools, colleges, multi-specialty hospitals, and world-class shopping malls.Natural HeavenTrivandrum, like most places in Kerala, is endowed with stunning landscapes and water features. The city is renowned for its beautiful weather and less polluted surroundings.LifestyleThe city has become increasingly active as a result of the rapid growth in the number of retail malls and centres, multiplexes, multinational food chains, and other commercial hubs, giving it a multicultural, cosmopolitan culture.Home loansThe banks are currently offering the lowest interest rates on house loans ever, making this the ideal time to purchase apartments in Trivandrum. Most banks now provide home loans with interest rates as low as 7% as a result of RBI's numerous repo rate reductions. Before applying, make sure to check your CIBIL score. CIBIL scores between 750 and 800 entitle you to very reasonable EMIs for the duration of your loan.PerksA significant amount of merchandise accumulated during the pandemic with few serious purchasers in between. The majority of folks preferred the wait-and-see strategy. Builders need money to continue forward with other projects, but because sales have stagnated, the majority of builders are providing incentives to get customers to commit. As a result, homeowners now have more negotiating power and a large number of "ready-to-move-in homes" are offered at "under-construction" prices.Market for BuyersAt prices in the inexpensive class, you can readily find high-quality properties. This is due to the buyer's market we are currently seeing, where strong projects may not provide substantial discounts but may instead include free amenities like parking or more favourable repayment terms.Market BoomA boom in the property market and its pricing is anticipated soon since Technopark will need additional high-quality residences to accommodate the well-travelled personnel of upcoming MNCs.This is the ideal time to make a real estate investment, thanks to a recovering economy and job security. The majority of individuals learned the value of having tangible belongings and a place to call home throughout the pandemic. They also started to think more about investing in reliable assets and ensuring the safety of their family. The investment returns from purchasing a flat are also certain, as rental incomes are expected to steady.Due to the rapid market change, now is the ideal time to invest in or purchase residential properties, flats, and apartments in Trivandrum. One of Trivandrum's most reputable and trustworthy builders, Varma Homes, provides high-quality residential buildings with top-notch amenities in excellent locations.Read More