Purchasing a dream home is something that everyone dreams of, and it is somehow a matter of pride. So, most people, whether they are in India or not, have shown big interest in real estate investment. When it comes to NRIs, real estate investment especially in the launching phase and ongoing phase of the projects could increase their investment substantially. Our Government and the regulatory acts are very investor-friendly for NRIs. With the RERA & GST, there is improved reliability in the entire system, which is legitimately affecting the amount of NRIs planning to put their hard-earned cash into the realty market of India.
Fortunately, you may not need to revisit the nation to reap the benefits. You simply need to take a home loan for NRI in India, buy the house, invest in it, and perceive how it blows into a successful lifetime investment. You can buy property in India by taking home loans from housing financing firms or banks. For getting the home loan for NRIs, gone are the days when you should be physically present at the bank. These days, home mortgage applications can be filed online too alongside the essential documents referenced by the bank/ housing finance organization. Though the document's nature might differ from people to people dependent on their work status. But certain records are compulsory such as visa, photos, residence proof and passport. As yet pondering whether you should make the jump or not? Here are three good reasons why you certainly want to invest in the Indian Real Estate.
Suppose that you are an NRI that is living in countries like the USA, Canada, UK or Middle East countries like Qatar, Kuwait, Saudi Arabia, UAE etc. The currencies in these nations are far more valued contrasted with the Indian rupee. Accordingly, if you choose to invest in the realty market, you'll have the option to acquire more cash from the gap amongst the values of the currencies.
As the demand for housing is always there, then no matter if you like to sell your property later or lease it out, you will always discover an enthusiastic customer to help out. So, buying a property in the prime region of India is a lifetime investment, since the demand for the land is always there.
Perhaps the best part of NRIs investing in the Indian realty market is that they are hardly liable to comply with any legal formalities. In this context, they will just need to proceed with the registration process without the payment of income tax. However, if they get income from lease over that specific property, at that point they may need to undergo some tax compliances. Yet, taking into account that interests in realty projects barely have any major legal formalities, these payments won't be as critical.
Investments may sound a little scary to start with. Even so, as long as you invest into the right property of the right real estate builder apartments, you will profit a ton over the long haul. And all you should do is get a loan from bank or financing company and make a buy from the right builder – from any place you are!
For those of you who have considered planning to buy a new apartment, now would be a good time to start searching. Here is your ideal choice, Varma Homes, the most leading real estate builders in Kerala. We have residential projects in Kochi, Tripunithura, Trivandrum & Thrissur with the superb quality of construction and excellent amenities that offer the right kind of choices for your lifetime investment. So, what are you waiting for? Opt Varma Homes apartments for your housing option, we have several reasons to start investing with us. Keep track of Varma Home’s upcoming, and ready to occupy apartment projects all across Kerala. Buy your dream apartment from the most trusted builder in Kerala and get plenty of happiness in return! Ping us to know more about our projects or visit: www.varmahomes.com/residential.html
Finally, it’s time to live in the new residential project of Varma Homes in Kochi conveniently located at Ponekkara, Edappally with a total number of 40 exclusive apartments. On January 28, 2018 Honourable MLA Shri. Hibi Eden attended and hosted the project inauguration ceremony of Varma Regent, the immaculately designed compact apartments at Edappally. Varma Homes has already made a footmark in the real estate industry within a very short span of time soon after their establishment. And now with the inauguration of Varma Regent, Varma Homes has got a strong and firm root in the real estate market of Cochin. Varma Regent, being the budget-friendly apartment project of Varma Homes, it has already received an overwhelming response from the public. These carefully built apartments are accessibly erected in one of the prime residential areas in Edappally, Kochi. Varma Regent positioned at Ponekkara is a G + 4 tower apartment with 10 units per floor in 40 cents comprising of 1, 2 and 3 BHK flats ranging between area of 553 sq.ft to 1357sq.ft with all the modern amenities and quality construction. The amenities include Fully Automatic Lifts, Intercom Facility, Fire Fighting System, Children’s Play Area, Rooftop Party Area, Terrace Garden, Recreation Space, Fitness Centre, Provision for 24 Hours Security, Provision for 24 Hours Power and Water Supply Facility, Sewage Treatment Plant, Water Filter, etc. Apart from the proximity to Lulu Mall, its easy access to Metro Station is an added advantage of Varma Regent. It is also nearby to all the prominent healthcare centres, famous educational institutions, popular hangout spots and other major commercial developments. Varma Regent is an affordable apartment project from Varma Homes designed for a lifestyle of comfort and convenience. The new apartments in Edappally offer a choice of 1, 2 and 3 bedroom flats and an array of thoughtfully chosen amenities to enjoy commutable city living. Varma Homes is one of the most reputed builders in Kochi who values customer happiness above all. 'Constructing Happiness' was inspired by our firm belief in delivering homes that are affordable to all. Varma Maalika in Tripunithura is the very next project ready for inauguration. Varma Kottaram, Varma Padippura in Kochi, Dr. Pais Heritage in Trivandrum and Varma Spectrum in Thrissur are the other ongoing residential projects of Varma Homes. Many residential apartment projects from Varma Homes will be launching very soon in major cities of Kerala including Kochi, Thrissur and Trivandrum. On booking Varma Homes you can avail Pradhan Mantri Awas Yojana (PMAY) to save upto 2.67 Lakhs(*Terms and conditions apply) and an additional 4% GST deduction will also be available. If you would like to get more information about any of the projects please visit the website www.varmahomes.com. To make a booking enquiry please use the form in the website or telephone +91 9645 88 33 33 and we will get back to you as soon as possible.Read More
It is possible that, as a first-time buyer while deliberating on purchasing a dream abode, choosing an apartment will cause you to second-guess your thoughts. After all, it's your hard-earned money and the secure future of your family that’s on line. There was once a time when different builders had different standards and principles applied to the purchase of an apartment, stirring confusion among home buyers. This is the reason why the Indian government brought about a revolutionary change in 2016 to safeguard the interests of existing and potential buyers. The Real Estate (Regulation and Development) Act was enacted in 2016 and the Real Estate Regulatory Authority (RERA) was born. The Kerala Real Estate Regulatory Authority (KRERA) was founded by the Kerala government to regulate and enhance the real estate industry in the state. KRERA is the new real estate champion, supporting accountability, citizen-centric policies, and greater financial discipline while defending the rights of investors. This Act is a sigh of relief for consumers as it makes real estate dealings transparent. Here are the positive RERA ACT benefits for why you can confidently buy an apartment now:? Exposure to comprehensive informationOne of the most essential benefits of RERA for house buyers is the right to property information. You get thorough information about the property that you are purchasing as a home buyer. When it comes to making prospective selections, this type of knowledge can be quite useful to a purchaser. The developer or builder should share with you all the project information, such as the layout plan, building phases, action plan, and completion status. ? A normalised carpet areaThe carpet area, or the area of the apartment apart from the width of the inner walls, is the space that can actually be covered by a carpet. Prior to the RERA Act, builders used their own technique or calculation for estimating the carpet area of a unit or property. RERA, on the other hand, has codified or standardised how a builder determines the carpet area. As a result of the RERA Act's implementation, a builder must now specify how much carpet space they are providing. Property prices in India are now determined by carpet area. ? No more holdups in projectsThe possession date for each flat must be specified by the property developer. The developer will face a flurry of penalties if the project is not completed by the deadline. If the developer fails to deliver on the specified date, the buyer has the option of either withdrawing from the project and receiving a complete refund, including interest, or continuing to work on it and receiving reimbursement and interest. ? Control over advances One of the great benefits of RERA is that a builder cannot charge more than 10% of the cost of the flat as an advance or application fee before entering into a sales agreement. ? Flaws are held responsible If a buyer discovers any flaw or problem in the structure, quality, or service of the flat within 5 years of ownership of the flat, the builder is required to rectify the deficiency within 30 days at no additional cost under the RERA Act. The buyer would be able to claim compensation if the builder failed to correct the fault. ? Mending broken promisesThe buyer has the right to litigate if the builder's obligations or promises regarding the actual project do not match. The buyer then has the right to decline the projects and receive a full refund of the initial deposit, plus interest and compensation. ? Approval before selling offBuilders may have sold projects without the necessary permission in the past. This is not the case under RERA now. Builders and real estate brokers will be obliged to register with the authorities, providing every detail about their projects, and only then will they be permitted to sell them after receiving the necessary approval. ? Prohibition to deviate fundsTypically, a developer will be working on multiple projects at the same time. They used to be able to divert funding between projects as they pleased. After the implementation of RERA, this will no longer be possible. The builder must set aside 70% of the project's proceeds in a separate bank account. He can only withdraw money from such an account after the project has been completed and certified by a civil engineer, an architect, and a practising chartered accountant. Because the funds can no longer be diverted to other projects or used for other purposes, they will be used for their intended purpose. ? Fast track grievance redressalComplaints against a builder can be brought to the state body established under RERA, which will have the jurisdiction to resolve all. If you disagree with the order, you may appeal to the Appellate Tribunal, which will resolve your case within 60 days. It will keep track of the reasons for any failure to do so also. The Varma PromiseWe at Varma Homes understand the buyer’s requirements and concerns. Therefore, all of our projects from the year 2019 are KRERA approved, following the industry norms, and are delivered as per our given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-won endeavours and investments of many. If you aspire to buy an apartment in Kerala, Varma Homes is all set to take you ahead. We are a renowned real estate builder who specialises in providing accessible residential properties. You can select from a variety of alternatives to meet your needs and budget. We started with residential construction in Kochi and have since expanded to Trivandrum and Thrissur. Our major launches will be coming soon in Calicut and other important cities. Choose the option that best meets your requirements! For additional information, please contact us at 9645 88 33 33.Read More
Tripunithura is the part of Kochi metropolitan area. It was the capital of the former Kingdom of Cochin. The 'Raja Nagari' - the royal city is one of the most prominent centers of traditional Kerala cultural heritage. When you live anywhere in Tripunithura, you are proximate to almost everything a royal lifestyle demand. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more, making living in the land of temples, dynasty and rich in history, a truly royal experience. Hill Palace is the largest archeological museum located at Tripunithura near Karingachira area. The Abhishekam Convention Hall is one of the meeting halls available in Tripunithura. It has a main bus-stand in its main centre with buses going from and coming into from different locations. Furthermore, Tripunithura has bus-stops in almost every part of the town which makes travel by bus easier. Railway transport is also available. It is a major railway station in Ernakulam to Kottayam route with many passenger trains and express trains have a stop over here. NH 49 passes through Karingachira. Ernakulam-Ettumanoor State Highway also passes through Thripunithura. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. To build a place, where you can find all your comforts and finally call home. At Maalika, a magical spell appeals your inside. The insides are crafted with unmatched blend of artistry, spatial elegance and design. Call it a perfect place to portray your inside stories in the finest canvas you have ever seen. We collaborated with talented architects and design houses to bring you the very best you can get. Located in the land of royalty, the rich historical mores of Thripunithura re?ects the depth of art, culture, and belief. The former rulers of Kingdom of Cochin were great patrons of art. This made fine arts and architecture flourish under them in many ways. Athachamayam, the cultural gala exclusive to this land alone, stands proof to the fact. Poornathrayeesa Temple lightens the lamps to the path of supreme deity. The Kelikottu of midnight Kathakali performances transport you to the traditional days of the past where the night is ?lled with Kacheri and Natyakalari. The prestigious RLV College of Music and Institute of Fine Arts, and Government Sanskrit College are just a few blocks away. Nearly half a dozen cultural societies including Sree Poornathrayeesha Sangeetha Sabha, Tripunithura Kathakali Club and the International Centre for Koodiyattom are active with cultural performances and programmes. Tripunithura also has many dedicated centers for stage performances and promotion of art. For building living spaces - location matters, convenience matters and finally, the creator matters. The conglomeration of all this, is the result - something beautiful and breathtaking. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. To build a place, where you can find all your comforts and finally call home. At Maalika, a magical spell appeals your inside. The insides are crafted with unmatched blend of artistry, spatial elegance and design. Call it a perfect place to portray your inside stories in the finest canvas you have ever seen. We collaborated with talented architects and design houses to bring you the very best you can get.Read More
Buying a new home in Kerala might seem like an easy task, but it is not. The concern of women's safety in the state has arisen after a series of incidents have taken place. In particular, those who intend to live with their children, wives, or aged parents have a hard time finding a good place to live. Take a look at these useful tips to consider before buying a home in Kerala without having to worry about safety concerns. The Right LocationWhen it comes to purchasing a home, location is very important. Individuals are now looking for protected zones rather than relocating to an area with future possibilities for reward. It's possible that crime rates were greater in some locations. As a result, it is preferable to conduct extensive research about the location before making a buy. Factors such as robbery history, chain snatching instances, and enough street lighting, among others, can be taken into account. The most helpful areas are those that include commercial and residential properties. The majority of the time, houses near malls, training institutes, workplaces, and stores are packed, with a high level of security. As a result, most people prefer to live in such bustling areas where safety is always a top priority.Prefer to Live In GroupsLiving in any type of group housing, whether it's an apartment or a villa, can help you give your family enough security. To ensure that their tenants are safe at all times, a smart builder employs active and watchful ground employees as well as cleverly placed CCTV cameras. They restrict salespeople and other outsiders from entering the residential blocks, making these residences the greatest choice for families looking for a safe place to live.Search for a Friendly NeighborhoodThe neighborhood is one of the major factors for women's security as well as social harmony. If neighbors can connect with each other or if they communicate well, then it will be easier for them to report any kind of suspicious activity in the area. A friendly neighborhood also helps if an elderly mother or a person who lives alone has been in an accident about which no one is aware. As a result, single women living in houses need a good, friendly neighborhood.Opt for Gated CommunitiesIn terms of security, gated communities have gained a lot of traction in recent years. These types of property projects provide tenants with 24-hour security and all of the necessary amenities. Security cameras, station houses, police headquarters, and dog teams are all available in the region. Gated communities are popular among single-woman buyers.Technology-Friendly Smart HomesIn today's world, having a technologically advanced home is a must. Of course, we're not talking about whether your home is Wi-Fi ready! CCTV cameras, burglar alarms, fingerprint sensors, & other modern security systems are essential for keeping your family members secure, especially children & women. Homeowners should choose between homes with standard features such as electronic smoke detectors and fire extinguishers and residences that can be customized. Maintaining Security at the Entrance & Exit PointsIf you need more security, secure every exit and entry point of your home or apartment. Installing a grill on your balcony is a smart way to ensure that your family is always safe. Don't forget to secure your home's glass doors and large windows if they're broken. In certain cases, thicker, non-breakable glass and a sound-latching mechanism might be conceivable.So keep these factors in mind when seeing a home, or better yet, make a checklist and cross them off one by one. It's the safest and surest way to end up with a home that not only matches you but will also be attractive in the future. If you are looking for the best real estate builder in Kerala, go with Varma Homes. Safety is not only for your home, but for your family too. At Varma homes, we understand that safety is one of the most important aspects of our clients’ lives, especially for women and children. As such, Varma homes have added top-of-the-line safety features. We put the most up-to-date safety features in our apartments. Such as emergency alarms, exits, earthquake-resistant materials, fire hoses, extinguishers, basement flood pumps, security guards, and CCTV surveillance. Our main focus is on customer happiness, we just don’t sell a house; instead, we provide an ongoing commitment to our valued customers, a commitment that lasts a lifetime. You don't have to be concerned about transparency or security because Varma Homes is completely trustworthy & all of our apartment projects are in Kerala's safest and most desirable areas. Visit one of our project locations to see for yourself how secure they are. We believe in providing experiences that are well worth your money.Read More
Kerala, the southern state of India, is known for its beautiful landscapes, serene backwaters, and unique culture. However, in recent years, the state has also become a hotbed for real estate investment. With its fast-growing economy, excellent infrastructure, and increasing demand for housing, Kerala has emerged as the perfect place to buy a flat right now. In this blog, we will explore the various reasons why investing in a flat in Kerala is a wise decision. High-Quality Construction:Kerala is home to some of the finest builders and construction companies in India. They use the latest technology and materials to ensure that their projects are of the highest quality. From foundation to finishing, every aspect of construction is carefully planned and executed. This ensures that the flats are strong, durable, and require minimal maintenance. Affordable Prices:Compared to other metro cities in India, Kerala offers affordable real estate options. The cost of living in Kerala is lower than other major cities like Mumbai, Delhi, and Bangalore, which means that you can get more for your money. The cost of flats in Kerala is also relatively lower than other metropolitan areas, making it an ideal destination for investment. High Rental Yield:Due to the increasing demand for housing in Kerala, there is a high rental yield on properties. The state's economy is growing at a steady pace, and as a result, the demand for housing is also increasing. This means that if you invest in a flat in Kerala, you can earn a high rental yield, making it an attractive option for investors. Growing Economy:Kerala has a rapidly growing economy, driven by industries such as tourism, IT, and healthcare. The state has a well-developed infrastructure, including an extensive road network, airports, and ports. This makes it an ideal destination for businesses looking to expand their operations. As a result, there is an increasing demand for housing in the state, making it an ideal investment destination. Tourist Destination:Kerala is a popular tourist destination, known for its beaches, backwaters, and hill stations. As a result, there is a high demand for short-term rental properties in the state. Investing in a flat in a popular tourist destination like Kerala can help you earn significant returns on your investment. Safety and Security:Kerala is one of the safest states in India, with a low crime rate. The state also has a robust police force, ensuring that law and order are maintained. This makes it an ideal place to buy a flat, as you can be assured of the safety and security of your investment. Quality of Life:Kerala is known for its high quality of life, with a focus on education, healthcare, and social welfare. The state has a well-developed education system, with some of the best schools and colleges in India. The healthcare system in Kerala is also well-developed, with some of the best hospitals in the country. This makes it an ideal place to live, work, and invest. Kerala is the perfect place to buy a flat right now. With its high-quality construction, affordable prices, high rental yield, growing economy, tourist destination, safety and security, and quality of life, investing in a flat in Kerala is a wise decision. So, if you're looking to invest in real estate, Kerala is definitely worth considering. We, at Varma Homes, have always believed in Constructing Happiness for our customers who believe in investing safely in happy homes for generations to come. We have maintained our exceptional quality and high standards over the years and this includes choosing vendors and partners who are equally responsible so that our customers have only the best.Read More