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How to Invest in the Right Property Within Budget in Trivandrum
Posted on Sep 05, 2024
There are many avenues for investment, like gold, shares, precious stones, and property. The last one also involves an emotional component. Are you eager to buy property, but are unsure what your real estate investment strategies in Trivandrum should be? If you are finding it difficult to decide on the right property, we have some great tips for you. What’s your Budget? How much money do you need to cover your monthly expenses? This should include your existing EMIs, utility bills, groceries, educational fees, medical expenses, etc., and a little extra for emergencies. Deduct this amount from your monthly income, and you will get an idea of the kind of monthly payments you will be able to afford. Based on this and your credit score, you can determine the loan amount you can and want to apply for. This should be your budget. You should aim to purchase a property that falls within this budget. What are your Needs? First, you need to decide if you need a plot, a villa, or an apartment. If it’s the last, there are certain things to consider when buying an apartment. This includes factors like the reputation of the builder, the location of the building, the amenities on offer, road access, availability - ready to move in, or under construction, and so on. You also have to decide whether you’re happy with a simple and functional apartment or want all the bells and whistles, like a swimming pool, gym, landscaped garden - the works. Have you Done your Homework? Even if you’ve decided that it’s an apartment that you want to buy, you need to know the market trends, and see what type of properties are the best investment in the current market. Which builder, what location, the exact apartment type, and more. And how will you do that? You need to check reviews left by homeowners about developers, projects, locations, and so on. Learn about the legal formalities involved in real estate transactions. Check if you can get a housing loan easily for the property in question. Are You Getting the Best Deal? Some builders may tell you that there are giving you a special offer, but you may be able to chalk out an even better deal. Don’t take anything for granted, and keep looking for the best deal for yourself. Try to book under-construction flats, or where new projects have been launched if you’re not in a hurry to move in, as these are usually sold for a lower price. Is the Property As Claimed and Advertised? Unless you go and physically inspect the property, you will not know if the actual matches the description. So, don’t fall prey to false advertising, and see for yourself how the property is, even if it’s an apartment. How good is the construction quality and layout? What amenities have been included? Are there any sustainability initiatives? How secure is the area, the building, and the flats? What measures have been taken from the safety perspective? Is the quality of tiles, paints, fixtures, etc. used in the apartment good? If it’s an older flat, check for signs of aging, cracks, leaks, and so on. Conclusion There are innumerable future opportunities for development in Trivandrum, making it one of the most preferred destinations to purchase real estate in Kerala. Trivandrum has several globally reputed educational and research institutions, hospitals, cultural centers, etc. The city is blessed with abundant natural beauty also, making it desirable to live in. The demand for real estate has skyrocketed in Trivandrum in recent times, so it is the ideal time to jump in. The longer you wait, the more expensive property is likely to get in the state capital. If you’re looking for the best property, Varma Homes is the right choice - projects in top localities with world-class amenities, visual appeal, and superior construction. Varma Homes adhere to all government norms and regulations like RERA and others. Check out the premium 2 and 3 BHK apartments today. FAQs What are the best tips for buying a property within budget in Trivandrum? To buy a property within your budget in Trivandrum, start by determining your financial capacity, considering all monthly expenses and potential EMIs. Research various property options, such as plots, villas, or apartments, to see what fits your budget and lifestyle needs. It’s also important to look into market trends and developer reputations to ensure you’re making a sound investment. Don’t forget to visit the property in person to assess its condition and match it against what you were promised. How do I know if a property in Trivandrum is worth the investment? To know if a property in Trivandrum is worth the investment, check the location, amenities, and future growth prospects of the area. Research the developer’s history and read reviews from other buyers. Visiting the property site is crucial to assess the quality of construction and the surrounding infrastructure. Understanding market trends and comparing similar properties can also provide insight into whether you’re getting a good deal. What factors should I consider when selecting a location for my property in Trivandrum? When selecting a location for your property in Trivandrum, consider proximity to essential amenities like schools, hospitals, and public transport. Evaluate the neighborhood’s safety, cleanliness, and overall vibe. It’s also important to consider the potential for future development in the area, as this can significantly impact your property’s value over time. Lastly, think about your lifestyle needs and how the location fits into your daily routine to ensure it’s the right choice for you.
Read MoreSmart Investing in Trivandrum: Uncover the 5 Key Whys to Real Estate Success
Posted on Jun 07, 2024
Considering Trivandrum real estate as a potential destination to park your funds is a smart decision. By defining your real estate investment strategies in Trivandrum properly, you can assure yourself of flexible income opportunities. It is crucial that you understand a few key factors before you take the decision to invest in real estate in Trivandrum. There are five major questions to which you must have answers: 1. Why Am I Investing in Real Estate? It is critical that you understand the reasons behind this investment. What are your motivations? What do you want to achieve by investing in Trivandrum real estate? For example, you can get a steady monthly income by renting out property. You can purchase property, and sell when its value appreciates, to accumulate wealth and have financial security. Real estate investment is also great for diversifying your portfolio, enjoy tax savings, and have passive income streams. 2. Why Must I Outline My Goals? Once you understand your motivation for investing in Trivandrum real estate, set realistic goals. You may think that this is the same as the first point, but it’s not. Knowing your goals will help you come up with a solid investment plan that can be used as your roadmap. This blueprint will play a crucial role in helping you achieve your financial goals. It is important to have clarity; you can consult an investment or real estate expert to help you to define your objectives, risk tolerance, target markets, and form an exit strategy. This way, you will be able to make the right decisions and manage your risk wisely. Having a personal plan, aligning your actions and goals, is a critical step. 3. Why Must I Identify the Opportunities Properly? As the state capital, Trivandrum has excellent road, rail, and air connectivity. An excellent network of highways and feeder roads, an international airport, and three railway stations connect this city not only to other parts of the country but also to the rest of the world. It also has a seaport which facilitates international trade and collaboration. The government encourages startups with incubators, soft finance, sops on utilities and more. Including the Technopark at Kazhakkoottam, other IT parks are also coming up, boosting entrepreneurial and employment opportunities in the city; it’s an indication that there will be massive future opportunities for development in Trivandrum. The city is already renowned for its various educational and research institutions and superior medical facilities. All of this will definitely push up the demand for quality and affordable residential spaces. Trivandrum is a city with immense potential for growth in all sectors, and hence investing in real estate here has excellent prospects. 4. Why Must I be Careful in Selecting the Developer and the Project? If you truly want to enjoy success in real estate, you must be very careful about choosing the right project from the right builder. Unscrupulous developers can take you for a ride. Reputed builders like Varma Homes provide excellent projects of high quality, in the best locations and have all the amenities one would expect. They also ensure that they complete the project on time. The best properties to invest in are located in proximity to markets, healthcare, education, and recreation, and have proper road access too. 5. Why Should I Be Diligent? Only if you are diligent about following best practices like in-depth market research and analysis can you succeed in real estate investment. Consult expert and follow market trends to avoid making errors and increase your chances of success. Conclusion Trivandrum’s real estate sector is on an upward trajectory. If you want to be conservative in your investment, follow these Things to Consider When Buying an Apartment in Trivandrum. You can hold them, wait for value appreciation and sell for a profit, or rent them out for a steady monthly income. Varma Homes is a respected builder with high quality residential projects in the top localities of Trivandrum. They follow all regulations like RERA norms, and have transparent dealings for a hassle-free customer experience. FAQs Why is investing in Trivandrum's real estate market a smart choice? Investing in Trivandrum's real estate market is smart because it offers opportunities for rental income, property appreciation, and portfolio diversification. Additionally, it provides tax advantages and a steady passive income stream. How can I ensure success in my Trivandrum real estate investment? To ensure success, define your investment goals clearly, seek expert advice to develop a comprehensive investment plan, and conduct thorough market research. This diligence helps you make informed decisions and mitigate risks. What unique opportunities does Trivandrum offer for real estate investors? Trivandrum offers unique opportunities due to its strategic location, excellent connectivity, and strong educational and healthcare infrastructure. The city's growing IT parks and government incentives for startups also contribute to its real estate market's potential for growth.
Read MoreImportant Factors To Consider While Investing In Real Estate In Trivandrum
Posted on May 16, 2024
If you’re looking at Trivandrum as a potential destination to invest in real estate, that’s a great decision. This is an excellent time to invest as the market is booming. Numerous infrastructure and real estate projects are coming up in the city, which is becoming more urbanized by the day. Let’s look at reasons why you should invest in Trivandrum Infrastructure and Connectivity Being the state capital, Trivandrum has an extensive road network that connect all the suburbs and towns in the district, and provide easy access to other cities in the state and outside. To ease traffic congestion, the Metro will be implemented shortly. There are four railway stations connecting the city to the rest of India. The international airport enables people from all over the world to reach Trivandrum and vice versa. The seaport facilitates international trade and collaboration. Entrepreneurship Opportunities A number of facilities have been provided for startups like incubators, easy finance, and utilities. Several business and IT parks, especially the Technopark at Kazhakkoottam, that have been set up, provide immense opportunities to entrepreneurs and professionals. These factors attract a lot of people seeking their fortunes to the city, boosting the demand for property. These features also offer future opportunities for development in Trivandrum. Health and Education Trivandrum has traditionally been a centre for excellent healthcare as well as quality education. Medical tourism is flourishing here thanks to the superior healthcare facilities offered to patients. Whether it is schools, colleges, vocational training institutes or institutes of higher learning, Trivandrum has a large number of all those institutes, making it a haven for families wanting to settle there. Quality of Life Residents of Trivandrum can enjoy an exceptional quality of life thanks to the vast green spaces, scenic beauty, superior air quality, and sustainable development efforts of authorities. There are several real-estate projects being completed with all the modern amenities which open the doors to new experiences and luxury lifestyle. Here are some factors that you should consider in your real estate investment strategies in Trivandrum: Location There is a huge demand for property now in Trivandrum thanks to the rapid economic growth. Check which areas in the city are likely to appreciate in value more, and which are in demand currently, before you finalize your decision to invest. Excellent ROI With the IT parks and other infrastructure developments, the surge in demand for real estate has caused the prices to go up sharply. This means you can invest in under-construction or newly constructed apartments, and sell them later for a good profit, giving you outstanding ROI. Rental Income When a city provides significant employment and business opportunities, there will be a huge floating population which needs temporary housing. You can purchase a flat and give it on rent and enjoy a steady monthly income for years. Other Strategies: Flipping - you can buy distressed properties, renovate them, and sell them afterwards for a high profit. BRRRR - Buy, Rehabilitate, Rent, Refinance, Repeat - Buy low-ball properties, renovate them, refinance them to repeat the process all over again. This can give you high monthly income. REIT - you can invest in REITs which are companies that own and operate properties that generate income. Lifestyle Benefits Trivandrum is the capital city and a hub of tradition and culture, but also offers modern amenities. Along with good quality of life, it offers opportunities to enjoy multicultural diversity and an elevated lifestyle. Conclusion Trivandrum is an excellent choice for investing in real estate. The demand for quality residential spaces is only expected to go up. If you’re looking for superior real estate projects where you can get exceptional returns on your investment, you’ve come to the right place. Varma Homes brings you superior construction, aesthetic appeal, and an elevated lifestyle in their premium 2 and 3 BHK apartments in the best localities of Trivandrum. FAQs Why is Trivandrum a good place to invest in real estate? Trivandrum offers a robust infrastructure, excellent connectivity, and numerous development projects, making it an attractive destination for real estate investment. The city is home to thriving business parks, superior healthcare facilities, and a variety of educational institutions, all of which contribute to a high quality of life. Additionally, ongoing urbanization and infrastructure improvements, such as the upcoming Metro, promise further growth and appreciation in property values. What are some key factors to consider when investing in real estate in Trivandrum? Key factors include the location of the property, potential for excellent ROI, and opportunities for rental income. Areas with rapid economic growth and infrastructure development are likely to appreciate in value. Understanding the demand trends and future development plans can help you make informed decisions. Moreover, strategies like property flipping, the BRRRR method, and investing in REITs can diversify and enhance your investment returns. How can I benefit from rental income in Trivandrum? Trivandrum's thriving job market and business opportunities attract a large floating population in need of temporary housing. By purchasing a flat and renting it out, you can enjoy a steady monthly income. With the city's continuous growth and influx of professionals, rental demand is expected to remain high, ensuring a reliable source of income for property owners.
Read More5 Crucial Clauses You Must Include in the Home Buying Process in Trivandrum
Posted on May 15, 2024
When considering the purchase of a flat in Trivandrum, it's essential to keep a checklist of key factors such as location, the credibility of the builder, budget constraints, and the overall quality of construction. These are just a few of the many things to remember before purchasing flats in Trivandrum. However, your journey to securing your ideal home doesn't stop at making a choice. The real challenge often begins when you're ready to finalize the deal. It’s crucial to be vigilant during this phase, especially when drafting and signing the home purchase agreement. This document will define your rights and responsibilities as a homeowner, and overlooking any detail could lead to future complications. Stay tuned as we dive deeper into what you need to watch out for to ensure that your dream home doesn’t turn into a costly mistake. What is a Home Purchase Agreement? This is a legally binding document that encapsulates the terms and conditions of real estate transactions, and must include it inyour real estate investment strategies in Trivandrum. It forms the basis for the sale or purchase of a house. Make sure that it is meticulously drafted to avoid any issues later on. There must be clarity regarding accountability and penalties in case of non-conformance for both parties. The Indemnity Clause The indemnity clause acts as a safeguard for the buyer and seller of the property, against possible loss. There could be several parties in a real-estate transaction, creating complex legal situations, and hence it is a critical clause that must be properly drafted. Here are the possible outcomes that can cause distress to the parties is considered, and included in the document: Loss categories Liability cap Liability extent 2. The Penalty Clause This clause helps assign accountability to the seller and buyer so that the other side is protected. This is especially since property transactions involve large financial transactions. The following provisions are commonly included: Agreement termination - a lucid penalty structure is established for the parties involved to deal with cancellation of the transaction after the booking amount is paid On-Time Payments - in case the buyer doesn’t pay on the agreed dates, certain penalties should be specified as deterrents. Project delays - The builder must be penalized in case there are unexplained project delays Following the plans - buyers can object if developers don’t follow approved floor plans, and take punitive action against them Quality - if the quality standards are not met by the builder, they are subjected to penalties. 3. Right to Call Off Agreement There could be situations where buyers are unable to complete the transactions, without it being their fault. To protect buyers, they are allowed if the disruption is caused by: The bank rejecting the loan application Seller not providing the mandatory statutory and legal property records The seller not furnishing the legal documents at the time of executing the contract This way, buyers are protected against undue financial pressure, and can have safe and smooth transactions. 4. Outstanding Dues The buyer must check that there are no outstanding payments to be made on the house; for example, if the buyer had purchased the property by availing of a loan, he should have paid back the loan in full. This must be clarified before the registration of the property is through so that the transaction is smooth and there is no unpleasant feeling later on. 5. Unique Clause It is a good idea to include unique or special provisions for specific situations and defining the repercussions for buyers and sellers for each such situation. Possible scenarios can be the time of payment of each instalment, due date of deposit money, etc. Conclusion Creating an equitable and transparent environment that assigns responsibility and protects interests of all parties involved in the transaction is essential for amicable and smooth property dealings. There are numerous benefits of real estate investment in Trivandrum and its definitely a sound idea to follow through. Just make sure that your protect your interests by drawing up a water-tight home purchase agreement. Varma Homes is a builder with a flawless reputation for transparency, fairness, and quality, and they will help you draft the agreement to speed up the process. Check out their premium 2 and 3 BHK homes in the prime residential locations of Trivandrum. Also read: 7 Common mistakes while investing in real estate in Trivandrum FAQs What should be included in a Home Purchase Agreement in Trivandrum? The Home Purchase Agreement is crucial in any property transaction in Trivandrum, as it legally binds both parties to agreed terms and conditions. Essential clauses to include are the Indemnity Clause, which protects against potential losses; the Penalty Clause, which outlines repercussions for delays or non-compliance; the Right to Call Off Agreement, allowing buyers to withdraw under certain conditions without penalty; clauses regarding Outstanding Dues to ensure all previous liabilities on the property are cleared; and any Unique Clauses that address specific situations related to the property transaction. Why is the Penalty Clause important in real estate transactions in Trivandrum? The Penalty Clause is critical because it helps enforce accountability, ensuring that both buyers and sellers adhere to their commitments. For buyers, it could mean penalties for late payments, while for builders, there could be consequences for project delays or deviations from approved plans. This clause acts as a deterrent against breach of contract, safeguarding the interests of all parties involved and ensuring that the transaction proceeds as agreed. How can buyers protect themselves if they are unable to complete a transaction through no fault of their own? To protect buyers in situations where they cannot complete a transaction due to factors beyond their control, such as loan rejection by banks or the seller's failure to provide necessary legal documents, the Right to Call Off Agreement clause is essential. This clause allows buyers to withdraw from the agreement without facing penalties, thereby safeguarding them from undue financial stress and ensuring a fair and secure property transaction process in Trivandrum.
Read MoreWhy Should You Consider real estate investment in Trivandrum?
Posted on Apr 04, 2024
In the past few years, the capital city of Kerala, Trivandrum, has experienced tremendous economic growth. There are several reasons for this, like tourism, growth of the IT industry, NRI remittances, and good domestic spending. The city has attracted a large number of skilled professionals seeking their fortunes in the flourishing job market and business environment. The city also has excellent connectivity to the rest of the country and the world, with a robust road network, railway station, international airport, and a seaport as well. It serves as a gateway to global trade, tourism, and cultural exchange. All these factors have significantly contributed to the increasing demand for real estate: quality living spaces and commercial spaces. Several major projects are being implemented on a war footing and are expected to be completed soon: The Technopark second phase, Vizhinjam port, elevated highways, expressways, e-charging stations and so on. Here’s why you should consider buying an apartment in Trivandrum as part of your real estate investment strategies in Trivandrum: Buying a flat in Trivandrum offers several benefits. The strategic location offers breathtaking scenic views, making it an attractive destination for tourists, investors, and homebuyers. Its outstanding infrastructure, high quality educational institutions and medical facilities, superior air quality, and entertainment options ensure that you have an excellent quality of life. Investment Potential The steady and rapid economic growth of the city has pushed the demand for real estate, meaning prices are rising. There is a high demand for quality housing, which means there is likely to be high appreciation in the near future as well. Excellent ROI The real estate market in Trivandrum has seen a sharp rise in the prices of properties. The economic growth and infrastructure development are driving this increase. Wherever there is potential for value appreciation, it is a good place to invest. You can wait for some time after buying a flat, and sell it for a handsome profit. Rental Income With the Technopark, higher education institutes, and bustling tourism industry, there is a steady influx of students, skilled workers, and qualified professions, who seek temporary housing or living spaces on rent. This is one of the things to consider when buying an apartment in Trivandrum; the potential of earning a rental income and getting good returns on your investment. Flipping Houses You can earn a good profit by buying undervalued or distressed properties, renovating them, and selling them later. That answers the question, is Trivandrum a good investment option for upgraders. Yes, it is. The reason being that such properties will still cost less than brand-new ones, so they are attractive to young professionals or lower-income families. Lifestyle Benefits Trivandrum is a cultural hub, and has a beautiful landscape; the environment is tranquil, with lower pollution. And yet, all the trappings and comforts of modern living, and exceptional healthcare are easily accessible. This helps you elevate your lifestyle and have a holistic living experience. Tax Benefits By investing in apartments in Trivandrum, investors can get several tax benefits, like exemptions from property tax, deductions on interests on home loans, depreciation for rental properties etc., thereby lowering the financial burden of property ownership. Future Forward As the capital city, Trivandrum is home to many important government offices, institutions, research institutes, museums, etc. There are a lot of infrastructure projects in the planning stage. These include planned residential and commercial projects that are sure to enhance the appeal of the city even further, and fuel the economic growth even more. Varma Homes has outstanding residential projects in some of the prime locations in Trivandrum like Sreekaryam, Kazhakkoottam, and Poojappura. Explore these options to unlock the doors to a whole new lifestyle. FAQs Q: Why is Trivandrum considered an attractive city for real estate investments? A: Trivandrum's economic growth, driven by sectors like IT, tourism, and NRI remittances, along with excellent connectivity and infrastructure developments, makes it a hotbed for real estate investments. Q: What makes buying a flat in Trivandrum a good investment choice? A: Strategic location, scenic beauty, high-quality life with top-notch education and healthcare facilities, and the potential for property value appreciation and rental income contribute to its appeal. Q: How does the economic and infrastructure development in Trivandrum impact real estate prices? A: The city's steady economic growth and infrastructure projects like Technopark's expansion and the Vizhinjam port enhance demand for real estate, driving property prices and promising good returns on investment (ROI).
Read MoreThe Rise of Co-Living in Trivandrum: Investment Opportunities and Considerations
Posted on Mar 29, 2024
With young professionals leaving home for greener pastures, the demand for affordable housing has skyrocketed in cities that offer employment, education, and business opportunities. Co-living is one of the real estate investment strategies in Trivandrum that has emerged as an answer to this requirement. A few adults live together in flats, sharing the rent and the facilities. This makes it affordable for the floating population. Though single family homes are also offered as co-living spaces, apartments are better suited for the purpose. Co-living usually involves flexible or short-term leases, with facilities like cleaning services, furnished rooms, turnkey amenities and utilities also being provided. What are the Benefits of Co-Living? They are affordable and allow individuals to live in popular localities at affordable prices Leases are flexible, thus appealing to those who want temporary housing Co-living spaces foster social interaction and community living. What is Driving Market Demand for Co-Living? Increased remote work, changing lifestyles, and the desire for an experiential lifestyle are fuelling the demand for varied, flexible, and community-oriented housing options. With the cost of urban housing shooting up, conventional housing options have become too expensive; co-living is a viable and feasible alternative today Young people moving out for higher education and employment have increased the existence of single-person households, creating a need for smaller and more cost-effective housing arrangements that also provide social connections. Co-Living as an Investment Opportunity Co-living spaces have grabbed the attention of real-estate investors as they have a huge potential for impressive ROI, thanks to the market demand that is going higher by the day. There are housing startups who offer co-living spaces; they buy or take apartments or houses on long lease, furnish them, and then offer it as co-living spaces. Sometimes, entire floors are purchased by such service providers. Here is what you should consider when delving into this investment opportunity: Location Ideal locations for co-living would be areas where there are institutes of higher education, IT parks, business parks, and so on. Town centres are also good choices, as they are likely to have offices, banks, etc. offering employment opportunities. Ideally, the housing space should be one with amenities like markets, transportation, and easy access to the main roads. Acquiring the Property Check out the properties already available there, and see if they will be suitable for co-living purposes. If you have the funds, you can also build your own. Think about the design, layout and amenities that co-living residents will find appealing: shared kitchens, common spaces, flexible sleeping configurations, and so on. Operational Considerations You need to ensure that the co-living spaces are properly managed: cleaning, maintenance, repairs, etc; have to be carried out in time if you want to ensure continuous high occupancy. Also keep in mind the importance of property insurance in Trivandrum, and insure your property appropriately. Satisfied tenants will bring you more tenants and better rental incomes. You can consider hiring professional property managers to ensure this. Combine with Other Real Estate You can combine co-living spaces with coworking spaces, mixed use developments, student housing, etc. to diversify your real estate strategy and more avenues to expand your real estate portfolio and increase returns. Conclusion There are innumerable future opportunities for development in Trivandrum, with the big push being given to the IT industry. The Technopark at Kazhakkoottam is one example. This is sure to boost demand for affordable and flexible housing in the city. The increasing demand for co-living spaces presents a lucrative opportunity for real-estate investors. Do your due diligence and research the market thoroughly, and you can taste success in this field too. Evaluate the pros and cons of any location, flat, or house, before you decide. FAQs What are the main advantages of choosing co-living arrangements? Co-living arrangements offer a cost-effective solution for living in prime locations without bearing the full expense alone. These setups typically come with flexible lease terms, making them ideal for those seeking temporary accommodations. Additionally, co-living spaces promote a sense of community and social interaction among residents. Why is there a growing demand for co-living spaces? The demand for co-living spaces is on the rise due to several factors, including the increase in remote work, a shift towards more dynamic and experience-driven lifestyles, and the high cost of urban housing. Moreover, the growing number of young adults moving to cities for education and employment has amplified the need for affordable housing options that also offer social connectivity. Can investing in co-living spaces be profitable? Yes, investing in co-living spaces can be highly profitable. The market for these living arrangements is expanding, driven by their popularity among young professionals and students. Real estate investors can capitalize on this trend by purchasing or leasing properties to create co-living spaces, potentially yielding impressive returns on investment due to high demand. What should be considered when investing in co-living real estate? When diving into co-living real estate investments, it's crucial to prioritize location, choosing areas near educational institutions, business parks, and city centers that offer employment opportunities. The design and amenities of the property should cater to the preferences of co-living residents, with features like shared kitchens and common areas. Effective management and maintenance are also essential to ensure high occupancy and tenant satisfaction. How does co-living benefit urban centers like Trivandrum? Co-living contributes significantly to urban centers like Trivandrum by providing affordable and flexible housing solutions, especially important as the city experiences growth in sectors like the IT industry. This form of housing supports the local economy by meeting the demand for cost-effective living spaces, thereby attracting a workforce that fuels further development and innovation in the city.
Read MoreReal Estate Investing in Trivandrum: 10 Best Strategies For Beginners And Pros
Posted on Mar 02, 2024
If you are looking for avenues of investment, real estate is one of the best options. You can be certain of getting a good ROI one way or there, sooner or later. There is a limited supply of real estate, and it is always in demand, so you can be almost sure of it appreciating in value. Here are some real estate investment strategies in Trivandrum that you can follow: Rent it out If you have no immediate need to stay in your Trivandrum flat, give it on rent; there will be plenty of people who need a rental apartment. Renting your flat can bring you steady monthly income for a long time. Hold and Sell If you’re investing in Thiruvananthapuram residential apartments, this is a great option. You can buy a house that is undervalued or in an undeveloped area, keep it with you and wait for prices to appreciate. When the price is right, you can sell it and get a good profit. Flipping You can purchase old or distressed properties, renovate them to increase their appeal, and then sell it for a higher price. This is a good strategy if you have the funds to spare, as you will need to spend for the renovation. Wholesaling You identify an undervalued property to be sold at a higher price, but also identify a buyer who is willing to purchase it. When you enter into the contract to purchase it from the owner, you assign it to your buyer for a higher price. Purchasing under-construction apartments Approach builders to purchase a flat in their building which is still under construction - maybe even in the initial stages.you will get a hefty discount for this, as the builder gets funds early. Once construction is complete, you can sell it off for a good profit. REIT Investing in Real Estate Investment Trusts is another good real estate investment strategy. These companies own, operate, or finance properties capable of income generation. They pool the funds from several investors, and REITs can be publicly traded. You can get a good passive income, and also exit the market at any time. As the investment is spread across a basket of properties, the risk is lower. BRRRR Buy, Rehabilitate, Rent, Refinance, Repeat is a profitable real estate investment strategy that requires diligent management. You can purchase properties, take loans or spend your own funds to renovate them, and rent them. You can then refinance them to purchase more property and continue the cycle. Home Stay There are many international and some domestic tourists who prefer home stay accommodation. You can either keep one room in your house to rent to guests or put the entire house on sites like Airbnb. REIG These function like REITs, but Real Estate Investment Groups are private and unorganized. Here the risk is higher as they are unregulated but the returns are also higher. They pool money of investors, purchase and manage properties to either rent them out or sell them. Selling Vacant Property to Builders If you have vacant property or an old unoccupied house, you can sell it to a reputed builder, and get a couple of flats in that building. You can occupy one, and give the others on rent. This way, you get to earn a lump sum on the sale, and also a steady monthly rental income. Conclusion If you’re wondering about the things to consider when buying an apartment in Trivandrum, we can assure you that with Varma Homes you don’t have to worry. As one of the most reputed builders in Kerala, Varma Homes brings you superior quality homes that adhere to all the government regulations and RERA norms. Expect world-class amenities, outstanding construction, and superlative convenience. Each Varma Home project is an architectural masterpiece that elevates your living experience.
Read MoreCrucial Factors to Keep in Mind When Selecting Builders in Trivandrum
Posted on Mar 01, 2024
Quality of ConstructionCheck Reviews and FeedbackOn-time ConstructionEasier Loan SanctionsAmenitiesSmooth PurchasingTransparency and LegalitiesROISustainabilityConclusion If you want to buy the best apartment in Trivandrum, it’s important to check out the builders before deciding which one to purchase a flat from. But how will you select the right builder? By checking the following factors: Quality of Construction A good builder will use premium building materials, engage the services of a qualified architect, and, employ the latest technology and construction methods to deliver high quality apartments. A structure that is robust with a solid foundation, is visually appealing, and spaciously laid out from the inside, offers a luxurious and comfortable living experience. Check Reviews and Feedback Check online for reviews left by previous buyers, and ask people living in those flats for their opinion; what do they have to say about the flat and the amenities? Is it positive? Relying on the experience of those who have already purchased those flats is one of the best real estate investment strategies in Trivandrum. On-time Construction You don’t want a builder who delays delivery of the projects undertaken. You can easily check the records and see if the builder has been completing construction on time. Waiting endlessly for a project to complete can be agonizing and frustrating. Easier Loan Sanctions When you purchase an apartment from a reputed builder, financial institutions will readily give you loans, and offer more favourable terms of repayment and interest. Builders with a reputation for honesty and quality, like Varma Homes, enjoy a good standing with banks. This also works in your favour when you want to avail of home loans. Amenities Expectations of apartment owners are sky-high today when it comes to amenities - your family would also love to stay in a building with swimming pool, gym, play area, games room, landscaped gardens, party hall, and other amenities. While researching builders, see if they offer such amenities that make life in that building interesting. Smooth Purchasing Real estate transactions are complex and time-consuming. However, with the right builder, it is likely to be quick and smooth. Streamlined processes ensure that buyers have a great purchase experience. Talk to other customers and read up on their process to ensure this. Transparency and Legalities A good builder’s transactions will be transparent, and legal. They will ensure that you as a customer are not hassled by the authorities over minor details, as they will take care of all of them. ROI Check where the future opportunities for development in Trivandrum are likely to be the most, and look for flats in such areas. You may want to sell your apartment sometime in the future, and it’s a good idea to find an area that is likely to appreciate in value so that you make a profit when you dispose of your flat. Purchasing your apartment from a reputed builder like Varma Homes assures you of appreciation provided macroeconomic conditions are favourable. You can also get an excellent rental income if your flat is in a great location. Sustainability We all need to do our bit for the environment. Check how eco-friendly the construction is, and whether the builder has employed green methods in the building. This includes but is not limited to installing solar panels for lighting in common areas, proper collection, segregation and disposal of waste, rainwater harvesting, and others. You can also find out if the builder has used eco-friendly materials in constructing the building. Conclusion In conclusion, selecting the right builder is crucial when investing in real estate in Trivandrum. A reputable builder ensures quality construction, timely delivery, and offers a smooth purchasing process with transparent transactions. Checking reviews, verifying on-time construction records, and considering the availability of amenities are essential steps. Additionally, choosing a builder with a strong reputation can facilitate easier loan sanctions and potentially offer a good return on investment due to the property's location and future development prospects. Sustainability and eco-friendly practices are also important factors to consider, reflecting the builder's commitment to environmental responsibility. By carefully evaluating these aspects, investors can make informed decisions, ensuring a profitable and satisfying real estate investment with a builder like Varma Homes. Also read: Mistakes while investing in real estate in Trivandrum
Read MoreIs it Beneficial to Invest in Under Construction Flats in Trivandrum?
Posted on Jan 26, 2024
If you are on the lookout for a flat in Trivandrum and your requirement is not immediate, you can think of purchasing one in a building that is under construction. It actually can give you many advantages, and you need to include it in your real estate investment strategies in Trivandrum. New Construction Buying a brand-new flat that is not yet completed means you won’t have to bother with repairs and maintenance costs for some time to come, and you can get many years out of your home. Stay informed about the importance of property insurance in Trivandrum, and make sure you insure your new home right away. Latest Technology and Design Reputed builders tend to use the latest methods, technology, materials, and tools in the market; so you can be sure that when you purchase a flat that’s still being constructed, it will use everything that’s the latest. Improved methods give the best results. You can also be assured of getting contemporary design for your new home. Customization If you’re not happy with the tiles the builder has chosen, need extra points for appliances or lights, want additional cabling to incorporate tech to convert your flat into a smart home, or want any other changes, you can make them easily at this stage, with minimal rework. With customization, you can maximise the resale value of your apartments in Trivandrum. Financial Benefits Buying under-construction flats can give you money benefits like: Getting discounts - the builder is likely to offer attractive early-bird discounts to those who want to purchase flats that are not yet complete. This enables them to get more funds early, and helps you book a flat at a lower price, get a bigger flat for the same price, or get one in a better locality. Reduced down payment - when you are purchasing an under-construction flat with a home loan, you are generally required to pay a much lower down payment as you will not be getting possession immediately. Flexible terms of payment - when you decide to invest in a flat that is under construction, the builder is likely to offer you flexible payment terms, like a certain percentage of the amount at each stage of completion. Even if you take a home loan, provided the builder enjoys a goodwill in the market, you can get favourable repayment terms, longer tenure, and lower interest rate if you negotiate well. This is beneficial to builders as they get funds quickly and can advertise that their flats are selling out, and to buyers for the above-mentioned reasons. Better ROI When you invest in property that is still being constructed, you are more likely to get excellent returns - higher than when you buy an already constructed and in-use home. This is because the flat under construction does not yet command its full potential price; you get it for a significantly lower price, but the price increases substantially once it’s completed. So, when you want to rent it out or if you decide to sell it, you can get excellent returns on your investment. Conclusion Trivandrum is home to one of the biggest IT parks in the country; as the state capital, the city has all the amenities and conveniences one could want. Make sure that you purchase your under-construction flat from a builder like Varma Homes who adheres to all the legalities, regulations, environmental requirements, and RERA norms. You can be sure to get a high-quality construction at a surprisingly cost-effective price. Varma Homes has prestigious projects in Poojappura. Sreekaryam, and Kazhakkoottam; call now to know more
Read MoreThe Importance of Property Insurance in Trivandrum
Posted on Jan 04, 2024
Trivandrum, the capital city of Kerala, is rapidly evolving into a vibrant urban and cultural hub. This transformation is prominently reflected in its real estate sector, which has become a focal point for both residents and investors. As the city grows, so does the significance of property insurance, especially considering the evolving real estate investment strategies in Trivandrum. This blog aims to shed light on why property insurance is becoming increasingly vital in this dynamic market, offering protection and peace of mind to property owners. We will explore the current real estate landscape, understand the basics of property insurance, and delve into how it safeguards your investments against various risks. Whether you're considering buying an apartment in Trivandrum or looking at future opportunities for development in the city, understanding the importance of property insurance is crucial. Trivandrum's real estate market is experiencing a significant upswing, making it a hotspot for diverse real estate investment strategies. The city, known for its cultural and economic vitality, offers a range of properties from luxury apartments to affordable homes, catering to various investors and homeowners. This growth, highlighting future opportunities for development in Trivandrum, underscores the importance of property insurance. As the market flourishes, the need to protect these investments becomes crucial, ensuring that investors and homeowners safeguard their interests against unforeseen risks and challenges. Understanding Property Insurance: Basics and Benefits Property insurance in Trivandrum is more than just a safety measure; it's a strategic component of real estate ownership. Essentially, it serves as a shield, protecting your property from unforeseen damages and losses. This type of insurance can vary widely, ranging from basic policies covering natural disasters like floods and earthquakes, to more comprehensive plans that include theft, vandalism, and even liability coverage. The benefits of property insurance are far-reaching. For homeowners, it provides a sense of security, knowing that their investment is protected against a range of potential hazards. For investors, particularly those involved in buying an apartment in Trivandrum, it ensures that their financial interests are safeguarded. In a city where the real estate market is continually evolving, having this kind of protection is invaluable. It not only covers the cost of repairs and replacements but also helps in maintaining the property's value over time, which is crucial for long-term investment strategies. Risks and Challenges in Trivandrum’s Property Sector The property market in Trivandrum, while offering substantial growth opportunities, is not without its risks and challenges. Property owners and investors must navigate a variety of potential hazards that can impact their assets. Natural disasters such as heavy monsoons and occasional flooding are common in the region, posing significant risks to buildings and infrastructure. Additionally, urban challenges like theft, vandalism, and legal liabilities cannot be overlooked. These risks, coupled with the future opportunities for development in Trivandrum, underscore the necessity of property insurance in the city. Insurance acts as a buffer, mitigating the financial impact of these unforeseen events. For instance, in the event of natural calamities, a comprehensive property insurance policy can cover the costs of repairs and rebuilding, thereby protecting the owner's investment. Similarly, liability coverage in insurance policies can safeguard property owners from legal claims arising from accidents or injuries that occur on their premises. In a city that's rapidly developing and presenting new opportunities, being prepared for such eventualities is crucial for anyone invested in the real estate sector. IV. How Property Insurance Protects Your Investment In Trivandrum, where the real estate market is burgeoning, property insurance plays a pivotal role in protecting investments. It's not just about covering potential damages; it's about ensuring the longevity and viability of your investment. For those involved in real estate investments strategies in Trivandrum, property insurance offers a layer of financial security. When you insure your property, you're essentially securing a backup plan for scenarios that could otherwise result in significant financial loss. This is particularly important in a city like Trivandrum, where the real estate sector is on a steady rise. For example, if a natural disaster damages your property, the insurance will cover the costs of repairs or reconstruction, thus preserving the value of your investment. Furthermore, for investors and homeowners, this insurance can cover loss of rental income, which is a critical aspect when the property is a source of regular income. Moreover, property insurance extends beyond just the physical structure. It can also cover contents, providing compensation for lost, damaged, or stolen items within the property. This comprehensive protection is essential for maintaining both the financial and intrinsic value of your property in Trivandrum. Conclusion In conclusion, the importance of property insurance in Trivandrum cannot be overstated, especially in a city that is rapidly growing and evolving. As the real estate market continues to offer promising opportunities for development and investment, the need for a robust safety net becomes increasingly apparent. Property insurance stands as a crucial element in this landscape, offering protection and peace of mind to property owners and investors alike. Whether you are a seasoned investor exploring real estate investment strategies in Trivandrum or a first-time buyer contemplating buying an apartment in the city, understanding and securing the right property insurance should be a top priority. It not only safeguards your financial interests against unforeseen events but also ensures the longevity and stability of your investment in this dynamic market. As Trivandrum continues to develop and attract more investors and homeowners, the role of property insurance will only grow in significance. It is an essential tool that underpins the success and security of real estate ventures in this vibrant city. By making an informed choice about property insurance, you are not just protecting a physical asset but are also investing in your future and the future of Trivandrum's real estate market.
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