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Flats in Thrissur: Challenges Faced by Emerging Real Estate Startups
Posted on Mar 06, 2025
Thrissur is a beautiful city that seamlessly blends tradition and modernity, natural beauty and urban trappings, culture and business, and so on. Of late, this financial hub of Kerala is also emerging as an important centre for IT in the state, and real estate market trends in Thrissur are on an upward trajectory. T This means that the value of property is likely to appreciate steadily, and the main reason why you should consider real estate investment in Thrissur. There are many players in the real estate market, but the newer, and smaller startups are facing a few challenges: Regulatory Compliance Real estate transactions are subject to several regulatory requirements, and it can be difficult for new players to keep up. Acquiring the right land at the right price, getting the necessary permissions and clearances, checking zoning regulations, and following guidelines set by RERA — are quite complex and difficult. Financial Stability Any business requires finance for its daily operations; so too with real estate. Here the funds needed can be enormous — buying land, and materials, hiring skilled and unskilled labour, utilities, and so on. We all know how expensive purchasing land can be. Banks and financial institutions may hesitate in disbursing loans to new and unknown developers, making their work more difficult. Competing With Established Players Several property developers are already well-established and have made a name for themselves with their dedication to integrity and quality. Over the years, such builders have built robust networks and have access to vast resources; they are recognized brand names already and may be able to offer more facilities for lower prices. An emerging developer may struggle to match these builders and build trust among home buyers. Market Volatility Any business faces uncertainties and is subject to fluctuations; the real estate market is no different. A number of domestic and international factors, climatic conditions, economic situations, geopolitical tensions, and many other factors which are out of anyone’s control, can impact the real estate market. This means a continuous evaluation of strategies, and adapting to new situations and trends. Rising Interest Rates Availing loans becomes a costly affair when there is an increase in the rate of interest. Of course, this phenomenon impacts home buyers as well as builders. It can dampen the growth of the real estate industry, which can further impact new players. They have to work on mitigating this risk through alternative solutions and financial instruments so that they can have business continuity. Supply Chain Disruptions Geopolitical and climatic conditions can also impact the supply chain, either making materials expensive or unavailable. This can lead to delayed project completion, further increasing the cost of construction, and thereby, the apartments to be sold. Technology Integration The impact of technology on the real estate market in Thrissur means that builders are using sophisticated methods to market and sell their projects, like AI, AR, and VR. Blockchain technology to ensure transparency in transactions, software for property management, and so on, have also become common. New players may find it difficult to purchase these technologies but will have to find a way to incorporate some of it to be able to compete with the big names. Managing Risks and Delays Apart from the supply chain risks and market volatility, internal risks like labour strikes, shortages, or not hiring the right talent, improper project management, and so on, can also delay project completion and spike the cost of construction. Startups will have to have policies in place to deal with such situations and mitigate risk. Conclusion Newcomers in the real estate industry, trying to carve a name, do face a volley of challenges. But this is not the case with an established name like Varma Homes. Being in the industry for so many years, we have earned the trust of home buyers with their diligence, integrity, commitment to quality, and delivering projects within promised timelines and costs. All of our projects are RERA-approved, and feature the best-in-class amenities that you can expect of any lifestyle apartment. Check out our premium 2 and 3 BHK flats, located in the most desirable localities in Trivandrum. Looking for the perfect place to call home in Thrissur? Check out our exclusive selection of 2 and 3 BHK flats for sale in Thrissur's top residential areas. Experience the best in quality, comfort, and convenience with Varma Homes. Contact us today to learn more about your future home and how you can make a smart investment in Thrissur’s thriving real estate market. FAQs What are the major regulatory challenges that new real estate startups in Thrissur face, and how do they impact business operations? New real estate startups must navigate a highly regulated environment, which can be overwhelming. They need to obtain several approvals such as land acquisition clearances, building permits, environmental clearances, and NOCs from various authorities. Adhering to RERA (Real Estate Regulatory Authority) guidelines is mandatory, which requires thorough documentation and project disclosures. Failure to comply with these regulations can delay projects, result in hefty penalties, or even lead to project cancellations — all of which affect the startup’s reputation and financial stability. How does limited financial stability impact the survival of new real estate startups in Thrissur? Financial constraints are one of the biggest hurdles for emerging startups. The real estate industry demands heavy capital investment right from the initial stages — including land acquisition, legal formalities, construction materials, labour costs, and marketing. Unlike established players who have access to bank loans and private funding, startups often struggle to secure loans due to a lack of credibility. This makes it difficult to maintain consistent cash flow, leading to project delays and compromised quality, which further hampers customer trust. Why is integrating advanced technology challenging for emerging real estate developers, and how does it affect their competitiveness? Modern technologies like AI-based property management systems, Virtual Reality (VR) tours, Augmented Reality (AR) for project visualization, and blockchain for transparent transactions have become essential in the real estate sector. These tools not only enhance customer experience but also improve operational efficiency. However, implementing such technologies requires significant investment in software, training, and infrastructure. Emerging startups may struggle to allocate funds for these innovations, making it harder to offer seamless digital experiences like their established competitors — which puts them at a disadvantage in attracting tech-savvy home buyers.
Read MoreTransform Your Home with Smart Cleaning from the Best Builders in Kochi
Posted on Mar 05, 2025
Everything around us is ‘smart’ nowadays: phones, watches, speakers, locks, lights, eyeglasses, keychains, and whatnot. We can now add cleaning devices to the list. In this fast-paced world where we constantly seem to be running out of time to do any chores, these devices can be a huge blessing. Real estate market trends in Kochi are moving increasingly towards apartments, but sometimes, cleaning even these compact residences can be difficult. Smart cleaning devices can handle your every cleaning task and maintenance tasks too, saving you from the humdrum and monotony of such work and freeing you to pursue activities you enjoy. Builders today are incorporating smart cleaning features, and designing apartments in such a way that it becomes easy to implement and use smart cleaning devices, letting you lead a stress-free life. What is a Smart Home? A smart home has appliances and devices with embedded sensors, that are connected to a central system. These can be controlled through an app, even remotely. You can switch lights and devices on or off, get alerted to unwanted visitors, and be warned in case of fire, water leakage, flooding, electricity short circuit, and so on. Smart home features popular in new Kochi developments include smart lighting systems, CCTV cameras, motion detectors, smart security systems, CCTV surveillance, sensors, and so on. Add to this the following devices: Smart Cleaning Devices With these devices, we can ensure Kochi apartment cleaning is simplified: Automated window cleaners Smart dust bins Robotic vacuum cleaner Smart dishwashers Steam cleaners Self-cleaning cat litter trays Air purifiers Smart mops These appliances can help you streamline and quicken your apartment cleaning so that you can have more free time, and be comfortable. You can control most of them through the mobile app, and even use voice commands for added convenience. What are the Benefits of Smart Cleaning? Saves Time and Effort You can program robotic vacuum cleaners to clean up the whole flat. These small devices go around the house sucking up trash, dust, fur, and dander, without necessitating your intervention. They go around furniture and other obstacles, so you don’t need to constantly monitor. Smart mops can be used to clean and dry floors and other hard surfaces, by simply configuring them. If you live on a higher floor or are not confident about cleaning your windows, your automated window cleaner will do the job for you. It can clean both sides of the window, including hard-to-reach areas. These devices save you time and effort, which you can use elsewhere. Compact and Convenient These devices are easy to store as they are compact. You can even program it to schedule cleaning tasks at your convenience. For example, you can set them to start the cleaning when nobody is at home so that there is no disturbance. They can also be switched off through the app remotely. The app will notify you when the task is completed, or when the device requires maintenance. Cleaner Air Air purifiers can help you breathe pure air by filtering out pollutants, pollen, allergens, and toxins present in the air. Use air humidifiers in dry weather, and get relief for dry skin and nose. To remove excess humidity from the air, install dehumidifiers. You can impact your health positively by using these intelligent devices. Which Smart Cleaning Devices To Buy This depends on the following: What are the devices you actually require? Ground or first-floor residents may not need automated window cleaners. If there is a lot of pollution in your area, you must have air purifiers. If your family is small and you don’t have hired help, robotic vacuum cleaners are essential. Determine what your budget is. Make sure that the devices you purchase are compatible with your current smart home system. Conclusion Smart cleaning devices can be lifesavers. Varma Homes designs apartments in such a way that you can easily transform them into a smart home, and implement smart cleaning. Our RERA-approved apartment buildings feature world-class amenities, classy aesthetics, and superior construction that is sure to wow you. Check out our premium 2 and 3 BHK apartments today, situated in the most happening residential neighbourhoods of Kochi. Step into the world of luxury with Varma Homes and discover the finest Luxury Flats in Kochi. Experience unparalleled elegance and modern amenities tailored to enhance your lifestyle. Visit us today to explore our exclusive properties and take the first step towards living in the lap of luxury. Don't wait—your dream home awaits at Varma Homes. Schedule your personal tour now and see why we are the leaders in luxury living. FAQ’s Which smart cleaning devices are best for Kochi apartments?The best smart cleaning devices for Kochi apartments include robotic vacuum cleaners for automated floor cleaning, automated window cleaners for spotless glass surfaces, air purifiers to filter out pollutants, and smart dishwashers for efficient utensil cleaning. These devices simplify daily cleaning tasks, making apartment living more convenient while ensuring a cleaner, healthier, and stress-free lifestyle. How do Varma Homes apartments support smart cleaning systems?Varma Homes apartments are thoughtfully designed to support advanced smart home systems, allowing residents to integrate smart cleaning devices seamlessly. With Wi-Fi-enabled infrastructure, dedicated utility areas, and IoT-compatible layouts, these apartments make it easier to automate cleaning tasks. The homes also feature smart electrical fittings and app-controlled systems, making the entire cleaning process remote, convenient, and hassle-free. Are smart cleaning devices energy-efficient and eco-friendly?Smart cleaning devices are highly energy-efficient and eco-friendly, as they are built to operate with minimal power consumption. Devices like robotic vacuum cleaners and smart dishwashers not only save time but also reduce electricity and water usage. Many smart cleaning appliances come with eco-mode settings and automatic scheduling features, helping homeowners contribute to a more sustainable lifestyle without compromising on comfort.
Read MoreLTCG Tax on Real Estate in Trivandrum: Key Facts You Should Know
Posted on Mar 04, 2025
There are many important factors to consider while investing in real estate in Trivandrum, like the financial aspect, builder, type of property, and legal issues. One critical aspect of real estate transactions, especially with regard to sales, is the tax component, especially long-term capital gains tax. What is Capital Gains Tax? An investment is made with the aim of getting returns from it. In some cases, the profits can be realised quickly, whereas in other cases, they take time. When you realize profits after a long time, it is called long-term capital gains. This profit is subject to taxation. It can be on the sale proceeds of any capital asset like real estate, equipment, shares, vehicles, or expensive artwork. Even if you make a profit on the sale of these assets in the short run, they are still subject to taxation. These are some smart real estate investment tips for Trivandrum that you should be aware of. Long Term Capital Gain (LTCG) Tax If you earn a profit by selling real estate which was in your possession for more than 24 months, you have to pay long-term capital gains tax on it. You are entitled to an exemption of 1.25 lakhs, but anything above it is taxed at 20%, along with an added cess and surcharge as may be applicable as per the situation. Tax Rate for Sale of Property Your long-term capital gains tax liability if you sell real estate property will be as follows: Long-term capital gains tax on the sale of property is taxed at: 20% with indexation (If you have sold before 23rd July 2024) 12.5% without indexation (If you sell on or after 23rd July 2024) You can choose either of the two options, provided you have acquired these real estate properties post-22 July 2024. Long-Term Capital Gain/Loss You have to pay a tax of 20% on the profit from property sale made on or prior to 22 July 2024 after adjusting for inflation through indexation. If you have sold on or after 23 July 2024 onwards, you have no indexation benefit and have to pay a tax of 12.5%. If you have purchased real estate property before 22 July 2024 and sold it on or after 23 July 2024, you can choose whether you want to pay 20% tax and avail of indexation benefit or just pay a flat tax of 12.5%. When you add the health and education cess, which is at 4% of the tax amount, you actually pay 20.8% tax on the profit you earn from selling real estate property. What is Indexation? Indexation allows you to adjust the cost of the asset depending on the rate of inflation. When you adjust for inflation, it increases the cost of acquiring the asset, thereby bringing down your profit, and eventually, decreasing the tax you have to pay. In case your income puts you in the 30% tax category. If you sell some property and earn a profit, by availing indexation benefit, you will only need to pay 20% tax and not 30%. How is LTCG Calculated? Profit or Taxable Amount = Sale Amount of Property – (Indexed Cost of Acquisition + Indexed Cost of Improvement + Transfer Expenses). Additionally, you can claim an exemption under section 54/54F/ 54EC, to determine the final taxable amount. How can you Save on LTCG? By using the whole amount to acquire a new residential property within one year before selling the property or two years after selling it, OR constructing a new house within three years of selling. By investing the entire amount in Rural Electrification Corporation Limited (RECL) and the National Highways Authority of India (NHAI) bonds within six months of selling the property, up to 50 lakhs annually. By investing the whole amount in a capital gains account scheme. Money withdrawn from this account can be used to buy property within 3 years. Conclusion Knowing about the long-term capital gains tax should be an important part of your real estate investment strategies in Trivandrum. If you have sold a property recently, consider investing in a Varma Homes apartment. As one of the leading builders in Kerala, we have excellent RERA-approved apartment projects in the best localities of Trivandrum, with world-class amenities. Check out our premium 2 and 3 BHK flats today. Ready to experience the future of urban living? Explore our wide selection of apartments in Trivandrum, perfectly positioned near key Smart City projects, and find your dream home today! Click here to view our listings and take the first step towards a smarter, more sustainable lifestyle in one of India’s most dynamic cities. FAQ’s How is Long-Term Capital Gains (LTCG) Tax Calculated on Real Estate in Trivandrum? LTCG tax is calculated by deducting the Indexed Cost of Acquisition, Indexed Cost of Improvement, and Transfer Expenses from the sale price of the property. The formula is: LTCG = Sale Price – (Indexed Cost of Acquisition + Indexed Cost of Improvement + Transfer Expenses) The Indexed Cost of Acquisition is the original purchase price adjusted for inflation using the Cost Inflation Index (CII) provided by the Income Tax Department. Transfer expenses like brokerage fees, legal fees, and registration charges are also deductible. After arriving at the final taxable gain, the tax rate is applied based on the date of sale (20% with indexation before 23rd July 2024, or 12.5% without indexation after). What are the Exemptions Available to Save on LTCG Tax for Real Estate in Trivandrum? There are several ways to save on LTCG tax under various sections of the Income Tax Act: Section 54: If you reinvest the capital gain to purchase a residential property within 1 year before or 2 years after the sale, or construct a house within 3 years, the gain is exempted. Section 54EC: Investing up to ₹50 lakhs in NHAI or RECL bonds within 6 months of the sale. These bonds come with a lock-in period of 5 years. Capital Gains Account Scheme (CGAS): If you need time to reinvest in property, you can deposit the gains in a capital gains account with a bank and use the funds to buy or construct property within the stipulated time. What Happens If You Sell Property Purchased Before 22nd July 2024, After 23rd July 2024? If you sell a property purchased before 22nd July 2024 or after 23rd July 2024, you get the option to: Pay 20% tax with indexation benefits (adjusting the purchase price for inflation to reduce taxable gains). Pay a flat 12.5% tax without indexation. Choosing the right option depends on the inflation-adjusted purchase price — if the indexation significantly reduces your taxable profit, opting for the 20% with indexation might be more beneficial. However, if the indexation benefit is minimal, the 12.5% flat rate could be the better choice.
Read MoreThe Potential Impact of Smart City Projects on Thrissur’s Real Estate Market
Posted on Mar 03, 2025
Thrissur is located in the central region of Kerala and is pretty close to Kochi. Kochi was chosen for the Smart City Project by the Indian Government. There is a likelihood of Thrissur also making it to the list, as the government has a dream of transforming the maximum number of cities. But how will all this impact the real estate market trends in Thrissur? What is a Smart City? In 2015, the Indian Government set a target of 100 cities to be transformed into Smart Cities. More than 8000 projects would be launched, and the cost was estimated at 1,65,000 crore rupees. The official objective of the smart city project, as seen on the official site, is “to promote cities that provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment through the application of 'Smart' solutions.” It is a program aimed at putting India on the map of developed nations by adopting Western models of sustainability and citizen-centric cities. Areas within cities are marked for special projects and are turned into model cities, with the hope that the new way of life spreads to other parts of the city. Certain projects are implemented across the city. Each city has its own characteristics, problems, advantages, and so on. This means there is no universal solution that can be implemented to convert a city into a smart city. One can say, however, that a smart city is one where the citizens are healthier and lead more productive and meaningful lives, without compromising on sustainability. Different cities are likely to need different projects. Main Objectives of Smart City Projects The second city in Kerala to be chosen for the smart city project is Trivandrum. Some common objectives of these projects are: Making cities more pedestrian-friendly Promoting sustainability initiatives like recycling, rainwater harvesting, energy efficiency, and so on Better connectivity across the city, and promoting two-wheelers and e-autos or e-cars over conventional cars. Increased number of WI-Fi hotspots Use of technology for utility management Slum redevelopment projects that provide essential amenities and better infrastructure Smart traffic management with AI cameras, better detection of traffic violations Increased use of renewable energy with solar panels Proper sewage treatment and composting Public sanitation facilities Online portals that enable citizens to access essential services, like paying utility bills, traffic penalties, getting certificates of birth, death, marriage, etc., licences, permits, etc. Creating recreational facilities and green spaces to improve the health and wellbeing of citizens How Does this Impact Real Estate? Kochi Smart City is not very far from Thrissur, and even a faint possibility of Thrissur being chosen for the project has already spurred the demand for housing in Thrissur. The emergence and growth of the IT industry in the city is another factor that is driving the demand for real estate. The smart city projects hold a lot of promise in terms of allowing residents to lead a better quality of life, and be more sustainable. The impact of technology on the real estate market in Thrissur is seen in potential home buyers using technology to compare properties, take virtual tours, and so on. Investors are also happier to purchase properties that are located reasonably close to smart city projects, as these houses will appreciate greatly in value over time, and they can sell them off for a good profit. Even if they rent out such properties, they can charge high rents for such locations. Conclusion Now that you know the reasons why you should consider real estate investment in Thrissur, don’t wait for too long to actually take the plunge. Thrissur is a city steeped in tradition, yet embraces modernity with aplomb. Varma Homes has some of the best apartment projects in the city with excellent amenities, and sturdy construction. Check out our 2 and 3 BHK apartments in the top residential localities in Thrissur. Looking for the perfect place to call home in Thrissur? Check out our exclusive selection of 2 and 3 BHK flats for sale in Thrissur's top residential areas. Experience the best in quality, comfort, and convenience with Varma Homes. Contact us today to learn more about your future home and how you can make a smart investment in Thrissur’s thriving real estate market. FAQ's How will the Smart City Project impact property prices in Thrissur? The Smart City Project aims to enhance infrastructure, sustainability, and overall quality of life in cities. Even though Thrissur is not officially on the Smart City list yet, its close proximity to Kochi — a city already chosen for the project — has sparked interest among investors and homebuyers.If Thrissur is selected, the improved infrastructure like better roads, digital connectivity, public amenities, and green spaces will automatically increase the value of properties in the city. Historically, cities chosen for the Smart City Project have witnessed a 15-30% increase in property prices over time. This makes Thrissur a potential hotspot for real estate investment. Is this the right time to invest in Thrissur’s real estate market? Yes, this is a great time to invest in Thrissur’s real estate market. With rapid urbanization and the city's emerging IT sector, the demand for residential and commercial properties is on the rise.Thrissur offers the perfect balance of tradition and modernity, making it an attractive option for families, working professionals, and retirees. Additionally, the city's strategic location near Kochi, along with ongoing infrastructure projects like road expansions and metro connectivity proposals, is driving demand for homes. Early investments made now will likely appreciate in value as the city’s infrastructure develops further. What types of properties will benefit the most from the Smart City Project? The Smart City Project will primarily increase the demand for modern apartments and eco-friendly homes. Buyers will prefer properties that align with the project’s goals of sustainability and convenience. The most sought-after properties will likely include: Apartments with energy-efficient designs and solar power systems Gated communities offering Wi-Fi hotspots, smart security systems, and recreational spaces Properties close to IT hubs, hospitals, and public transport networks Homes with rainwater harvesting systems and waste management facilities Green buildings that promote sustainable living Investors looking for long-term rental income or high resale value should target projects with these features.
Read MoreWhy Outdoor Amenities in Kochi Apartments are More Important Than Ever
Posted on Mar 02, 2025
Real estate market trends in Kochi are shaped by shifting consumer preferences in addition to other factors. We can see a marked increase in the demand for luxury and lifestyle apartments with the best amenities. Home buyers are no longer satisfied with functional residences, and want homes where they can experience an elevated lifestyle. What are the essential amenities in an apartment in Kochi? The real estate market is highly competitive, and builders vie with one another to attract buyers. One of the ways to do it is to provide amenities that make life not only comfortable and convenient but also enjoyable. They add value to an apartment building and give residents prestige and satisfaction. A few examples are a gym, swimming pool, clubhouse, gaming zones, indoor pool, spa, salon, daycare, EV charging stations, party hall, rooftop party area, library, A/V room, 24-hour security, CCTV surveillance, spacious and elegant reception area and lobbies, and so on. For sure, apartment amenities impact the way of living in Kochi; with these facilities available within their residential premises, people don’t need to commute to reach them. This gives them more time to spend with family or pursue leisure activities. Better Security This is perhaps the most important of the amenities. CCTV surveillance, security guards manning sturdy gates, electronic barriers, biometric access for residents, and visitor monitoring, are security amenities that go a long way to reassure the residents. They can freely roam the premises without fear of intruders or speeding vehicles. Promotes Fitness Today’s apartments normally have fitness amenities like a gym, swimming pool, tracks for walking or jogging, basketball, badminton, tennis courts, and so on. It also promotes the learning of new sports, as there are enough people so that coaches can be appointed. This helps the apartment residents improve their physical fitness, as they don’t have to go anywhere or take expensive memberships to learn a sport or use a gym or swimming pool. Contribute to Sustainability Recognizing the need to promote sustainability, reputed builders adopt practices like solar water heating, solar lighting for common areas, rainwater harvesting, waste segregation and composting, recycling water for gardening, and so on. By living in such residential buildings, you can also do your bit for the environment. Residents can also get together to plant vegetable gardens and share the produce. Relax and Rejuvenate Builders today make sure to include plenty of greenery through lawns or landscaped gardens in the front, vertical gardens on the walls, rooftop gardens, potted plants, and trees where possible. This greenery is soothing for the eyes and the mind. Just walking among plants and breathing in the fresh air is calming for the soul. It offers a chance to interact with the neighbours and share pleasant times. Recreation for Children Children have limited space to play inside their individual flats, so it is essential that there is a special area designated for them to play. Play is an important aspect of children’s growth and development, and they should be able to play and explore fearlessly. Ideally, this area should be where vehicles don’t have access, making it safe for the children to run about. Some play equipment and a sandpit – even this is good enough. Conclusion Today, a building without amenities is not attractive to home buyers, especially those families with younger children. The only thing they may look at is whether the building has the amenities that they want. For example, owners of electric cars will want EV charging stations; working parents with young children will want daycare, and so on. There is no doubt that without essential amenities in apartments in Kochi, the buyers may not be interested. Varma Homes is a leading builder of Kerala, with superlative apartment projects in some of the best residential areas of Kochi. All our apartments are approved by RERA, and we make sure to include the latest amenities of matchless quality. You can experience unparalleled customer service before, during, and after the purchase process. Our team is happy to help you with any question or issue you may have. Step into the world of luxury with Varma Homes and discover the finest Luxury Flats in Kochi. Experience unparalleled elegance and modern amenities tailored to enhance your lifestyle. Visit us today to explore our exclusive properties and take the first step towards living in the lap of luxury. Don't wait—your dream home awaits at Varma Homes. Schedule your personal tour now and see why we are the leaders in luxury living. FAQ’s What makes outdoor amenities essential in Kochi apartments? Outdoor amenities in Kochi apartments are crucial as they enhance the lifestyle by providing convenience, fitness, and leisure activities within the residential premises. Amenities such as gyms, swimming pools, and green spaces not only add comfort and luxury but also save residents time commuting for these facilities, allowing more family or personal time. How do apartment amenities in Kochi promote sustainability? Many builders in Kochi are incorporating sustainable practices in their apartment complexes. These include solar water heating, solar lighting in common areas, rainwater harvesting, and waste segregation and composting. Such amenities contribute to environmental conservation and offer residents a chance to actively participate in eco-friendly practices. What security features are commonly found in Kochi apartment complexes? Security is a paramount concern in Kochi apartments, addressed through features like CCTV surveillance, manned security gates, electronic barriers, biometric access, and visitor monitoring systems. These amenities ensure a safe environment for residents, allowing them to enjoy their home spaces without concern for safety.
Read MoreFlats in Trivandrum: Challenges Faced by Emerging Real Estate Startups
Posted on Mar 01, 2025
The real estate market trends in Trivandrum are undergoing major changes with new entrants in the field. Real estate startups are trying to make their presence felt in this boom period. However, the real estate industry is a very competitive and complex one. Here are some of the top challenges startups face: Regulatory Compliance The real estate industry is subject to a number of regulations and laws, like RERA, as transactions involve large sums of money. There are several permissions that are required, and zoning regulations have to be adhered to. The developer may need clearance from various authorities as well. Emerging startups may find it difficult to adhere to all such regulations and stay competitive at the same time. Financial Stability To do any business, you need money. There is land to be purchased, equipment bought or rented, wages to be paid, and marketing to be done. When it comes to apartments, the market is extremely competitive, and marketing it right is critical. Traditional financial institutions are hesitant to lend money to newcomers due to the inherent risks involved. This can delay the project; mismanagement of funds can delay or even harm the project, and the builder’s reputation could take a hit. Competing With Established Developers There are a number of reputed builders in the industry who have been there for years and have made a name for themselves with their quality of construction, and they have strong connections with vendors, banks, and so on. Their brand name is well recognized by potential home buyers who trust them as they are experienced and established. It can be very tough for newcomers to compete with such builders, and to prove themselves in the industry. Market Volatility Market fluctuations occur due to various reasons like shifting buyer preferences, economic situations, and geopolitical uncertainties, which are not within the control of any entity. This means that real estate developers have to be agile to respond to such situations, be able to make accurate forecasts and adapt according to the situations. Old strategies may need to be reviewed and modified, and market trends must be carefully studied to mitigate risk. Technology Integration The impact of technology on the real estate market in Trivandrum has changed the way transactions happen in real estate. There is a lot more transparency, thanks to technologies like AI, AR and VR, blockchain, etc. Startups have to keep up with these technologies or get left behind. Increasing Interest Rates The interest rates on loans are subject to sudden and sharp increases, making borrowing expensive. This affects builders and home buyers alike. When costs increase, the growth of the real estate market may be hampered. Startups must consider alternative financial instruments and solutions so that this factor does not stop them from continuing their business. Supply Chain Disruptions Supply chain volatility impacts every business. If the construction materials are in shortage, or unavailable, it can delay construction inordinately, leading to increased costs, which can in turn, impact the sale of apartments. Today, luxury homes are redefining the Trivandrum real estate market, but established builders are offering them at highly competitive rates. With supply chain volatility, newcomers may have a Herculean task on their hands. Managing Risks and Delays Weather conditions, labour problems, outbreaks of epidemics, improper project management, and similar things, many of which are beyond our control, can also increase risk and cause delays. Emerging players have to have strategies in place to handle such situations so that their operations are not disrupted. They have to mitigate risks and take steps to avoid similar situations in the future. Conclusion Real estate startups can find it very difficult to tackle these problems, but reputed builders like Varma Homes can easily withstand them. As one of the leading builders of Kerala, we have made a name for ourselves by delivering what we promise, when we promise. Our team has formulated strategies for dealing with all kinds of contingencies, and our robust relationships with vendors and strong supply chain help us to ensure business continuity no matter what the situation. Take a look at our RERA-approved apartment projects in the best residential localities of Trivandrum. Our 2 and 3 BHK apartments feature world-class amenities and superior construction. Ready to experience the future of urban living? Explore our wide selection of apartments in Trivandrum, perfectly positioned near key Smart City projects, and find your dream home today! Click here to view our listings and take the first step towards a smarter, more sustainable lifestyle in one of India’s most dynamic cities. FAQ’s What are the key regulatory challenges that real estate startups face in Trivandrum? Emerging real estate startups in Trivandrum must navigate complex regulatory environments, including adherence to RERA guidelines and obtaining necessary permissions from various authorities. Understanding these legal requirements is crucial for startups to operate successfully and competitively. How can new real estate developers in Trivandrum compete with established builders? Newcomers in the Trivandrum real estate market often struggle to establish trust and recognition in the shadow of well-known developers. What strategies can emerging startups employ to differentiate themselves and gain a foothold in this competitive industry? How do fluctuations in interest rates affect emerging real estate startups in Trivandrum? Interest rates can significantly impact the financial stability of real estate startups. How can these new companies manage risks associated with rising borrowing costs, and what alternative financing solutions might be available to them?
Read MoreTransform Your Home with Smart Cleaning from the Best Builders in Thrissur
Posted on Feb 28, 2025
We can see that apartments dominate real estate market trends in Thrissur. Shrinking families and the convenience offered by apartments have been responsible for this shift in preference. But with the hectic schedules we all seem to have today, even cleaning and maintaining apartments can seem quite difficult. But you don’t have to worry now, as your problems can be resolved with smart home solutions. Advanced cleaning devices are capable of handling daily cleaning and maintenance tasks efficiently and seamlessly. This allows you to do more fulfilling and satisfying activities. Many builders are now incorporating smart cleaning features in the apartment design so that you can enjoy a stress-free apartment life. What is a Smart Home? A smart home is one that has connected devices that can be controlled remotely, allowing you to save electricity, detect intruders, get notified about flooding, fires, and electricity leaks or other issues. CCTV cameras, motion detectors, smart lighting systems, strong Wi-Fi, smart appliances, thermostats, security devices, etc. are some of the smart home features popular in new Thrissur developments. Now, smart cleaning devices have made their appearance on the scene, adding immense convenience to residents Smart Cleaning Devices Though there are both advantages and disadvantages of smart homes Thrissur, there is no denying that automated cleaning is a huge plus. The following technology-driven appliances save time and effort, and boost efficiency: Robotic vacuum cleaner Automated window cleaners Intelligent dust bins Smart dishwashers Self-cleaning cat litter trays Air purifiers Steam cleaners Smart mops Thanks to these appliances, you can streamline your apartment cleaning chores and enjoy more comfort and convenience. Most of them can even be controlled via your mobile apps and voice commands, making it even more convenient. What are the Benefits of Smart Cleaning? Saves Time and Effort Robotic vacuum cleaners can be programmed to clean your entire apartment. They suck up dust, fur, dander, and trash, without you having to directly operate it. When they encounter obstacles, they simply turn and go around them. With smart mops, you can get your floors and other hard surfaces scrubbed clean and dried, to sparkle, without intervening in the process. Those living on higher floors can benefit greatly from automated window cleaners that can clean both sides of the windows, including areas hard to reach. Freed from these cumbersome tasks, you can do things you love doing. Compact and Convenient Smart cleaning devices are compact in size and can be stored easily, and they can be scheduled to start the process at a specific time. You can schedule it so that cleaning takes place while you’re at work. You can start or switch them off remotely, too, and get notified when the job is done. Cleaner Air With all the pollution and viruses floating around, it makes sense to use air purifiers; if it’s very dry, humidifiers can increase the moisture content in the air, to relieve dry nose and skin, etc. If the air is too humid, you can use a dehumidifier. These devices help you improve the air quality inside the apartment and positively impact your health. Many appliances like air conditioners and vacuum cleaners use filters to absorb bust, pollen, hair and such pollutants to keep you safe. Choosing the Right Smart Cleaning Devices The first thing you need to do is decide how much you can afford to spend on these devices. Based on that, decide your requirements - if you don’t live on a higher floor, an automated window cleaner may be unnecessary. If you live in an area with more pollution, an air filter is a must. If you have pets at home, or people with allergies, you may need filters humidifiers, etc. It’s a good idea to ensure that the devices are compatible with your current smart home ecosystem so that the operations are smooth. Conclusion The best builders in Thrissur, like Varma Homes, are making it easy for you to transform your apartment into a smart home, thanks to the design and layout. With top-notch amenities and RERA approval, Varma Homes apartments are exceptional residences that can elevate your living style, adding great comfort and convenience. Check out our premium 2 and 3 BHK flats in the best residential locations in Thrissur; adopt smart cleaning technologies, and transform your apartment living. Looking for the perfect place to call home in Thrissur? Check out our exclusive selection of 2 and 3 BHK flats for sale in Thrissur's top residential areas. Experience the best in quality, comfort, and convenience with Varma Homes. Contact us today to learn more about your future home and how you can make a smart investment in Thrissur’s thriving real estate market. FAQ’s What is a Smart Home? A smart home features connected devices that enhance home management and security. These devices include CCTV cameras, smart lighting, thermostats, and now, smart cleaning devices such as robotic vacuums and smart mops. These technologies allow for remote control, helping save energy, and improving safety by notifying you of any intrusions, fires, or other potential hazards. What are the Benefits of Smart Cleaning Devices? Smart cleaning devices streamline household chores, saving time and effort. For example, robotic vacuum cleaners automate floor cleaning by navigating around obstacles and handling dust and debris without manual intervention. Smart mops and automated window cleaners provide further convenience by maintaining hard surfaces and windows, especially in hard-to-reach areas. These devices can be controlled remotely, scheduled to operate during convenient times, and compactly stored when not in use. How Do I Choose the Right Smart Cleaning Devices for My Home? To select the appropriate smart cleaning devices, consider your budget, living conditions, and specific needs. For instance, if you don't live in a high-rise, you might not need an automated window cleaner, but if you reside in a polluted area, air purifiers could be essential. Also, ensure that the devices are compatible with your existing smart home system to guarantee smooth operation. This tailored approach ensures you invest in technology that aligns with your lifestyle and home environment.
Read MoreLTCG Tax on Real Estate in Kochi: Key Facts You Should Know
Posted on Feb 27, 2025
If you have bought or are about to buy property in Kochi, you are most likely aware of why real estate investment in Kochi is the best option among other cities in Kerala. However, there are several legalities you should be aware of, and one of them is the long-term capital gains tax. What is Capital Gains Tax? People invest money to make a profit at a later date; some profits or returns come quickly, while others are realized after a long time. This is called long-term capital returns or gains, and are made from the sale of capital assets like property, vehicles, costly equipment, collectables, and shares. The profits made from the sale proceeds of these assets are taxed. Knowing the facts about capital gains tax should be a priority of your real estate investment strategies in Kochi. Long Term Capital Gain (LTCG) Tax Any income earned by selling real estate held by the owner for over 24 months, is considered long-term capital gains tax. Profits up to 1.25 lakh rupees are exempted, and anything over this amount is taxed at the rate of 20%, and an additional cess and surcharge as applicable may also be levied. Tax Rate for Sale of Property Long-term capital gains tax on the sale of property is taxed at: 20% with indexation (If sold prior to 23rd July 2024) 12.5% without indexation (If sold on or after 23rd July 2024) As long as you have purchased properties after 22 July 2024, you can choose either option for your tax liability. Long-Term Capital Gain/Loss Any sale of property made on or prior to 22 July 2024 will be taxed at 20%, and will be adjusted for inflation through indexation. Sales from 23 July 2024 onwards will attract a tax of 12.5%, and no indexation benefit will be provided. In case of land and building acquired before 22 July 2024, and disposed of after 23 July 2024, the seller can choose to pay 20% tax with an indexation benefit, or a flat 12.5% tax without indexation. As mentioned before, LTCG tax can also have a cess or surcharge added to it; the health and education cess is at 4% of the tax, so you end up paying a total of 20.8% tax on the profits made from the sale of a property. What is Indexation? It is a way of adjusting the cost of the asset according to the inflation asset; this increases your acquisition cost and reduces your profits, essentially, reducing your tax liability. Let’s suppose your income puts you in the category of 30% income tax; however, you will not have to pay 30% tax on profits made from selling property, but just 20%. LTCG calculation Sale amount of property – (Indexed Cost of Acquisition + Indexed Cost of Improvement + Transfer Expenses) You can further claim exemption under sections 54/54F/ 54EC, and arrive at the final taxable amount. How to Save on LTCG Tax Use the whole amount to buy a new residential property within one year before you sell the property or two years after you sell it. You can also build a new house within three years of the ale. Invest the whole proceeds in bonds issued by Rural Electrification Corporation Limited (RECL) and the National Highways Authority of India (NHAI) within six months of the sale of the property; there is a limit of 50 lakhs per financial year. Invest the entire amount in a capital gains account scheme; you can withdraw money from this account to buy property; once withdrawn, you must use it within 3 years. Conclusion There are hundreds of reasons why you should consider real estate investment in Kochi. It is the most vibrant and cosmopolitan city in Kerala, and a thriving commercial and strategically located city. Now that you have understood the tax implications of selling property, it is the right time to sell your old property and invest the money in a premium 2 or 3-BHK flat from Varma Homes. With world-class amenities and spacious layouts, our apartments in the best residential localities of Kochi are sure to amaze you. Step into the world of luxury with Varma Homes and discover the finest Luxury Flats in Kochi. Experience unparalleled elegance and modern amenities tailored to enhance your lifestyle. Visit us today to explore our exclusive properties and take the first step towards living in the lap of luxury. Don't wait—your dream home awaits at Varma Homes. Schedule your personal tour now and see why we are the leaders in luxury living. FAQ’s What is Long-Term Capital Gains (LTCG) Tax? LTCG tax is imposed on the profit gained from the sale of a property that has been held for more than 24 months. The profit exceeding 1.25 lakh rupees is taxed at a rate of 20%, along with an additional cess and surcharge as applicable. Understanding LTCG is crucial for anyone involved in real estate investments in Kochi. How does indexation affect LTCG tax calculations? Indexation adjusts the cost of acquisition of the property to reflect inflation, effectively increasing your purchase cost and reducing the taxable profit. This adjustment allows you to reduce your tax liability on gains from property sales, making it a valuable tool in tax planning for property owners in Kochi. What are some ways to save on LTCG Tax when selling property in Kochi? To save on LTCG tax, you can reinvest the entire sale amount in a new residential property within a specified time frame, purchase bonds issued by certain government entities, or deposit the gains into a capital gains account scheme to be used later for property acquisition. Each method has specific rules and timelines that must be followed to qualify for the tax exemption.
Read MoreWhy Location Matters: Understanding the Value of Ready-to-Occupy Flats in Thrissur
Posted on Feb 26, 2025
Though the Pooram festival may be the most identifiable aspect of Thrissur, there is a lot more to the city than that. It is a land of cultural heritage, natural beauty, and history; it is also an important financial hub of Kerala and an emerging centre for the IT industry. The gold business is a thriving industry here. All of these mean that there is a high demand for housing, with more people coming to settle in Thrissur. This is exactly where there are several benefits of real estate investment in Thrissur. There are many factors you need to consider when it comes to purchasing property, like cost, type of house, builder, etc. but perhaps the most critical one is location. The Importance of Location when Buying a Flat `Ensuring that the flat you intend to buy is in the right location has to be at the top of your real estate investment strategies in Thrissur. Regardless of whether you’re an investor or a home buyer, location can make all the difference. It is essential that your desired property has all these: Safety You need a safe and secure neighbourhood where your family members can move about without fear of being troubled or harmed, and this must be your number one priority. Basic Healthcare facilities Check if there are doctor’s practices, nursing homes or clinics nearby. Pharmacies are also essential, and diagnostic labs are a bonus. Being able to get immediate medical attention when you need it is essential. Essential Goods Stores and supermarkets that sell groceries, dairy, vegetables, fish, meat, and other essential home products should be available within walking distance. It makes no sense to have to commute far to get your daily needs. Educational Facilities We don’t mean professional colleges, but it is good to have play schools and primary education facilities close by so that you don’t have to send your little children far away. You can avoid the stress and anxiety caused by long bus journeys. Connectivity and Infrastructure Having easy access to the main road and public transportation, being able to get to the railway station and/or airport quickly, etc. are important. Make sure that the approach road to the building is wide and not narrow and obstructed easily. Having quick and easy access to the main road ensures you can get to work, or any other place you need to be, without hassles. Clean and Green Your ideal location is one that is clean and has adequate greenery, like trees and plants. Green spaces are a huge plus, as they provide fresh air, which is especially required in cities and for people who live in apartments. Avoid places where garbage is dumped close by, as this is a major health hazard for you and your family. Dilapidated buildings or slums close by are likely to have unsavoury people who could pose a threat to your safety as well. Entertainment and Recreation Having sources of recreation and entertainment, though not absolutely essential, is great to have. Shopping malls, cinema halls, gaming centres, parks, children’s play zones, joggers’ parks, and promenades, are all good to have. Cafés and restaurants where one can spend pleasant times with friends and family will be the icing on the cake. Conclusion tips for buying a flat in Thrissur Above, we have given you some of the most important tips for buying a flat in Thrissur. Life can become much simpler, more comfortable, and more convenient when you live in a flat that is in such a location. As an investor, when you buy a flat in a great location, you can get better rents for it and also sell it off for a higher price at a later date. Varma Homes is one of the leading builders in Kerala, with exceptional apartment buildings in the best residential areas of Thrissur. All our projects are approved by RERA. Check out our premium 2 and 3 BHK apartments now. Looking for the perfect place to call home in Thrissur? Check out our exclusive selection of 2 and 3 BHK flats for sale in Thrissur's top residential areas. Experience the best in quality, comfort, and convenience with Varma Homes. Contact us today to learn more about your future home and how you can make a smart investment in Thrissur’s thriving real estate market. FAQ’s What makes Thrissur an ideal location for purchasing a flat? Thrissur is not only a city with a rich cultural heritage and history but also an important financial and emerging IT hub in Kerala. The thriving gold business and increasing demand for housing due to the influx of people make it a prime location for real estate investment. Additionally, the presence of festivals like Pooram adds to its cultural allure. Why is location a crucial factor when buying a flat in Thrissur? The location of your flat affects everything from safety to convenience in daily life. A prime location in Thrissur ensures easy access to essential services like healthcare, education, and groceries, as well as connectivity to major transport hubs. It also enhances the quality of life with clean, green environments and nearby entertainment options, thereby making it a wise investment for both homeowners and investors. How does the location impact the financial benefits of owning a flat in Thrissur? Owning a flat in a sought-after location in Thrissur can lead to better rental yields and higher resale values. Properties in prime locations are more attractive to renters and buyers alike, making them a lucrative investment. Builders like Varma Homes offer premium apartments in the best residential areas, which are approved by RERA, ensuring a good return on investment.
Read MoreWhy Outdoor Amenities in Thrissur Apartments are More Important Than Ever
Posted on Feb 25, 2025
For some years now, large homes have given way to apartments, but not just any type of apartments. Real estate market trends in Thrissur show a marked preference for apartments with amenities. People want much more than mere functional residences. They want to step up their lifestyle and have a lot of extra features in their apartments. This includes outdoor amenities, like green spaces, robust security, facilities for working out, and more. What are the essential amenities in an apartment in Thrissur? Apartment amenities are extra facilities available in buildings for the use of the residents. These amenities enhance the quality of life, provide more comfort, convenience, and security, and satisfaction. Swimming pools, gyms, landscaped gardens, round-the-clock security, CCTV camera surveillance, and biometric access. party halls, A/V rooms, spas, EV charging stations, waste management systems, etc. are all different types of amenities provided by property developers. There is no doubt that apartment amenities impact the way of living in Thrissur. We can clearly see that people who live in such apartments enjoy a very fulfilling and enjoyable life. How does this work? Also Read: Essential Amenities in an Apartment in Thrissur Increased Security The most important consideration for anyone with a family is security. Apartment amenities like electronically controlled barricades, massive main gates, CCTV surveillance, biometric access, and 24-hour security guards, help ensure the security of your family. You don’t have to worry about intruders coming in to harm children, seniors, or other weaker individuals, or speeding cars for that matter. Stay Fit Apartments with amenities like walking or jogging tracks, swimming pools, gyms, and courts to play sports like badminton, basketball, tennis, etc. encourage the residents to work out regularly and stay fit. More residents can learn new sports as you can easily hire a coach when there are many potential learners. Residents can motivate one another, and healthy competition can ensure that everyone improves their fitness levels. Signing up for memberships at gyms and swimming pools can be expensive, and discourage people from taking up exercise. But when it is freely available at their residence, they will be more likely to take it up. Contribute to Sustainability Most buildings today follow sustainable practices like solar energy for lighting in the common area and heating water, rainwater harvesting, systematic waste segregation, composting, and disposal, and so on. You can do your bit for the environment. Community gardens can help improve air quality, and residents can also share the produce that grows. Calm your Mind Most buildings have ample greenery — either lawns, landscaped gardens, or several potted plants all over. Gardens are especially helpful for residents to take a walk, breathe in fresh air, exchange pleasantries with neighbours, and spend enjoyable moments after a hard day’s work. Communities can be built during these interactions. Recreation for Children Children’s play areas in apartment buildings are important, as they contribute to their all-round development. As apartments are compact and have little space for children to run about, having dedicated play areas for children is a blessing. It allows them to play without supervision, and without having to worry about disturbing anyone or being hampered by the presence of adults or traffic. A sandpit within the play area also helps promote their creativity and allows them to safely play in the mud. Conclusion Now it is no longer a question of whether amenities should be there in a building or not; it is a question of what amenities the builder can provide for their customers. In fact, today’s builders are competing with each other to attract potential home buyers with innovative amenities, like daycare, pet care, salon, and so on. Buyers are spoiled for choice and can pick and choose apartments according to the amenities that they need. Varma Homes is one of the most prominent builders in Kerala and their apartments feature the latest amenities you can think of. Superior construction, RERA approval, spacious layouts, and innovative amenities are the hallmarks of Varma Homes apartments. Check out their premium 2 and 3-BHK flats in the best neighbourhoods of Thrissur today. Explore the ultimate in luxury living with Varma Homes in Thrissur. Our luxury apartments in Thrissur are designed to provide you with unparalleled comfort, state-of-the-art amenities, and a lifestyle that sets you apart. Take advantage of our RERA-approved homes in the most sought-after locations. Schedule a visit or contact us today to see how you can make your dream home a reality with Varma Homes! FAQ’s What types of outdoor amenities are most valued by residents in Thrissur apartments? Outdoor amenities that enhance both lifestyle and security are highly valued in Thrissur. Residents prefer amenities such as landscaped gardens, jogging and walking tracks, sports courts (badminton, basketball, tennis), and children's play areas. These facilities not only promote a healthier lifestyle but also provide a safe environment for families to engage in recreational activities. How do outdoor amenities in Thrissur apartments contribute to resident security? Outdoor amenities contribute significantly to security within apartment complexes. Features like electronically controlled access, CCTV surveillance, and 24-hour security personnel ensure a safe living environment, mitigating risks such as intruders and speeding vehicles. This comprehensive security infrastructure is crucial for the safety of all residents, especially children and the elderly. Can outdoor amenities in Thrissur apartments help in promoting sustainability? Yes, many apartment complexes in Thrissur are incorporating sustainable practices into their outdoor amenities. Features such as solar lighting, rainwater harvesting, and waste management systems not only reduce the environmental footprint but also encourage residents to participate in eco-friendly practices. Community gardens, for instance, improve air quality and offer a shared space for organic gardening, enhancing community engagement and environmental responsibility.
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