One of the greatest purchases most people make is purchasing a home, and with so many different types of homes to choose from, the process can be a little overwhelming. Trivandrum is a terrific place to live because it has so much to offer its citizens. Additionally, Trivandrum offers a large selection of flats to choose from due to the city's burgeoning real estate market.
However, before committing to one, you will first need to make sure of these points which will get you a good deal.
Before committing to a purchase, it's important to familiarize yourself with the real estate market in Trivandrum. Understand the different neighbourhoods, the average price ranges, and the types of properties available. This will help you make a more informed decision about which property to buy.
Getting pre-approved for a mortgage will give you a better idea of how much you can afford to spend on a property. It will also make the process of buying a flat much smoother, as you'll be able to move quickly when you find the right property.
A good real estate agent can help you navigate the buying process and find properties that meet your needs. They can also provide valuable advice on things like negotiations and closing costs.
When buying a flat, it's important to think about the long-term. Consider things like the resale value of the property, the potential for appreciation, and the overall livability of the area.
Buying a flat is a big decision, and it's important to take your time and make sure you're making the right choice. Don't rush into a purchase just because you feel pressure to do so. Take the time to weigh your options and make sure you're comfortable with your decision.
Here are a few key questions that you should ask before purchasing an apartment in Thiruvananthapuram
The builder ought to be able to persuade you of why this specific project is beneficial for you and provide financial justification for it. He should explain why it is superior to projects from other builders as well. This ought to address things like the calibre of the materials used, the after-sales services, the special features, and the excellent location.
The builder should be able to answer questions about the carpet area, built-up area, and super built-up area precisely and accurately. The pricing of the apartment is based on the carpet area, which is the actual square footage of the apartment you are purchasing. To enable you to assess the overall cost and its viability, the builder should provide you with full details regarding the specs.
You should request copies of the following documents, among others: the title deed, the commencement certificate, the approvals and NOCs from various agencies, the previous tax receipts, the RERA registration number, etc. All of these papers will make sure that the property is clear of any flaws that can later end up costing you money.
The builder should offer a detailed contract outlining his obligation to pay a specific sum for each month the project is delayed. This is one of the rationales behind the creation of the RERA statute.
Before you move into your Trivandrum apartment that is ready for occupancy, the Occupancy Certificate (OC) must be supplied; otherwise, you run the danger of being evicted.
In conclusion, buying a flat in Trivandrum can be an exciting and rewarding experience, but it's important to do your research, get pre-approved for a mortgage, hire a real estate agent, consider the long-term, and not rush into a decision. With these tips in mind, you'll be well on your way to finding your dream home in Trivandrum.
Since its founding, Varma Homes has effectively established itself as one of Kerala's most reputable builders. We started out with residential construction in Kochi and have since extended to Thrissur and Trivandrum. We'll be launching in Calicut and other big cities very shortly. To constantly produce the greatest service and quality in our pricing range, we make it our full-time goal. We don't have any projects that are stuck at Varma Homes since we firmly believe in creating satisfaction for both our team members and our stakeholders.
Not doing enough researchExplore the neighborhood in which the apartment is located. Consider considerations such as safety, schools, amenities, public transit, and proximity to work or other vital destinations. Investigate the building and the individual apartment you're interested in. Check for any red flags, such as maintenance difficulties, construction violations, or previous litigation. Take note of the unit's size, layout, and condition. Examine your finance alternatives, including loans, down payments, and closing expenses. Make sure you understand your budget and the whole cost of purchasing the flat. Investigate the local real estate market to learn about current trends, pricing, and inventory. This might help you make a competitive offer and negotiate a reasonable price. Investigate any planned or proposed development in the region. Varma Homes provides the finest solutions on all of your questions.Ignoring hidden costsAttorney expenses, title search fees, appraisal fees, and transfer taxes are all examples of closing costs. These expenses can add up to thousands of dollars and should be budgeted for. Maintenance, facilities, and other services will almost certainly need monthly or yearly costs. Be certain you understand the total cost of these fees as well as what they cover. Property taxes might vary depending on where you live and can drastically increase your monthly loan payment. Be sure you understand the local property tax rate and how it will affect your budget. Utility rates vary by area and might increase your monthly spending. Make sure you are aware of the average utility prices in the region and add them into your calculations. You will be responsible for your apartment's repairs and maintenance. Create a budget for these expenses and include them in your overall financial strategy. You may prevent surprises and have a realistic budget for homeownership by checking for hidden fees before purchasing an apartment.Not considering resale valueEven if you want to live in the apartment for many years, you never know what events in your life may occur that will necessitate the sale of the property sooner than intended. You may preserve your investment in real estate by considering resale value when purchasing an apartment. You want to ensure that the property's worth will increase rather than decrease over time. When you consider the resale value, you are more likely to make better decisions about the apartment's location, size, and amenities. You should select a house that will appeal to a diverse range of purchasers, not simply your own particular preferences. You will have greater freedom if you need to sell the home sooner than intended if you choose an apartment with a high resale value. You will be able to sell the home faster and for a greater price, allowing you to move on to the next opportunity. If you want to rent out the flat in the future, taking resale value into account might help you earn a higher return on your investment. A higher resale value home will be more appealing to potential tenants, allowing you to charge greater rent and create more cash.Not getting a professional inspectionWhen purchasing an apartment, skipping a professional inspection might be an expensive error. A professional inspection is an important component of the home-buying process since it may help you detect possible issues with the property before making an offer. A professional inspection may assist in identifying possible apartment problems such as structural concerns, electrical issues, plumbing issues, and mold or insect infestations. This data can assist you in making an educated choice about whether or not to purchase the property. You can bargain with the seller to have repairs fixed or to decrease the price of the home if you notice possible concerns early on. This can save you money in the long term and keep you from incurring unforeseen charges. An expert inspection can provide you peace of mind by providing you with a thorough picture of the property's condition. You may be certain that you are making an educated selection and that there will be no unpleasant surprises once you close on the property. This also aids in the planning of future maintenance and repairs. Understanding the property's state allows you to budget for future expenditures and prioritise repairs depending on their urgency.Rushing the decisionMaking a hasty selection might result in buyer's regret. You could discover too late that the property isn't a good fit for you, or that you passed up a better chance. If you make a hasty selection, you may lose out on alternative properties that are a better fit for you. Take the time to investigate many choices and weigh the benefits and drawbacks of each property. If you make a hasty judgement, you may overlook possible issues with the property. When making an offer, it is critical to properly inspect the property and check all essential documentation. Overspending might also result from rushing the choice. Spend time researching the local real estate market and determining the worth of comparable properties.Read More
Opportunities are cropping up for NRI investors amidst these unprecedented times. Like all other industries, the real estate sector was hit hard by the pandemic crisis, and it is now experiencing a significant spike in the niche market. This is mainly because those NRIs who have returned to Kerala as a result of the COVID-19 pandemic and subsequent lockdowns have learnt that investing in real estate is the right option for them. The market has turned more favourable for making investments in real estate, particularly in premium apartments and villas. With that being said, let’s take a look at how this time has become a golden era for apartment buyers.A Market In Favour of Apartment Buyers The situation has come to a point where apartments that were once considered a real luxury have now become a basic need for mankind. However, according to industry experts, now is the best time to buy an apartment in Kerala because buyers will likely get great offers and discounts from developers & property prices are expected to rise substantially in the near future. The residential real estate market has in turn become progressively lucrative for NRIs as transparency & investment norms have been eased. With lower interest rates for housing loans, stricter regulatory measures, and the significant drop in property values, have made the deal even better, creating an appealing investment opportunity. Taking the Big Step to get into This Good Investment WindowIt is everyone's dream to own the home of their dreams. When NRIs return from the Gulf with their hard-earned money, they're more likely to invest in an apartment with facilities in the heart of the city that fits their lifestyle. They are more focused on providing a good education for their children, a good standard of living, and all the other life-demanding comforts that bring the world to their feet. As an investor, their primary goal is to achieve financial stability while also increasing transparency and trust. Real estate is the best investment opportunity because demand for real estate is increasing, resulting in higher rents and, as a result, higher capital values. So, without a doubt, it is the safest investment option and the preferred choice for one's safety, stability, and security. Are you a Gulf returnee looking to invest your hard-earned money in one of the best cities in God's own country, Kerala, to buy your dream apartment? Take advantage of the current real estate market's opportunities; go ahead and put it to good use to achieve your lifelong goal. Make sure you buy your dream apartment from a reliable and reputable builder in Kerala.Find Your Dream Apartment from Kerala's Best Real Estate Builder If you have a strong desire to own your dream apartment and want to buy it from Kerala's most trusted builders, your search ends here! Varma Homes is the ideal partner for you because it is one of the Kerala's most trusted builders. We believe that happiness should be a worthwhile investment. With our perfect quality and integrity, we have earned the reputation of being a builder that customers can approach with confidence. In Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode, we have residential projects with excellent construction quality and all modern amenities, providing you with the best options for your long-term investment. If you want to own an apartment in your desired location, Varma Homes could help you! You will now be able to benefit from some special offers on our projects. It's a limited-time offer, so hurry up to realize your investment dream with us and embark on a new investment venture!Read More
While buying a dream house many people have to go through this question "2 BHK or 3 BHK" which one to buy? This is a very tricky question for sure but no worries, we have the solution. This blog will help you make a judgment on the capital energy of Real Estate Investment, with a contrasting measure choice between a 2 BHK flat and a 3 BHK flat in Kochi.Choosing the correct one is very important for your future as well as your family. There are a lot of factors and parameters which will affect your decision on the buying process of your dream house. Let's discuss the details.BudgetIf you are on a tight budget, then go for the 2 BHK apartments. They offer a decent amount of space for your family, along with the pride of ownership. But if you aren't tied down by financial constraints, a 3 BHK apartment will give you a much better lifestyle - at a nominally larger cost.FamilyA 2 BHK makes good sense for bachelors and young couples as there will still be a room leftover to serve as a guest room. But for growing families with kids or live-in parents, a 3 BHK makes more sense and provides enough space for everyone. Most people buy homes once in their lifetime, so plan for the future too while buying.Rent/ResaleAs far as renting or resale is concerned, it's easier to get tenants and buyers for a 2 BHK when compared with a 3 BHK apartment. However, that doesn't mean that getting a buyer or tenant for a 3 BHK is impossible - it's just that it might take a little more time, that's all!DesignFor those who prefer minimalist lifestyles where space isn't a major requirement, then 2 BHKs are ideal. But for those with greater space requirements such as those working from home, then a 3 BHK makes a better choice as it offers greater space and privacy for a peaceful home office.Home MaintenanceHome maintenance is an important part of daily life and when it comes to keeping up with the cleaning chores, a smaller 2 BHK apartment is definitely more appealing. For those looking for homes that are low on maintenance, then 2 BHKs are the answer. By comparison, 3 BHK apartments are larger and require greater effort to keep them clean and orderly. The best option is to just hire a maid and buy the 3 BHK instead!InflationIf the inflation rate is high, the construction rate, interest rates, etc. also become high. Inflation has a direct impact on real estate agents and their properties. As we know that there can be even more increases in property rates and prices. Thus, it is very important to make the decision in a shorter span of time. If the inflation rate is quite normal then you should go for 3 BHK and if the inflation rate is high then you should choose 2 BHK flat.Loan AmountLoan or mortgage amount also affects the choice of the size of your house. If the permitted loan amount is more with the affordable interest rate, then you should always choose the 3 BHK flat and if the loan amount is less and the interest is comparatively more than 3 BHK will not be considered the right option. It won't be affordable for you and will be out of the budget. In this case, a 2 BHK flat is the best & affordable option.Also Read: What are the Common Mistakes to Avoid While Investing in Real Estate ?PropertyBefore finalizing anything be sure about the property you want to make your dream house at. If your desire is to buy a 3 BHK flat and your budget permits you to do so then you should always buy the one! But if not then you can even get good property ranges in the 2 BHK flats. Varma Homes provides a great life experience regardless of the specification you go for.Varma Homes, the most trusted and reliable builder in Kochi, celebrate with you all your enjoyable moments in life with your family. Potential homebuyers are currently welcome to visit and feel sample apartments ready at Varma Homes. Visit the show home to have a peek at your fun-filled dream home.Read More
Cochin has welcomed a lot of people from many parts of the state especially due to its incredible growth in job sector and infrastructure development. Nowadays people have started choosing new flats and new apartments outside the city limits of Kochi. Major reasons for that include increasing price ranges and unavailability of space in projects inside city. When you are looking for new luxury flats or new luxury apartments in Kochi outer city, Edappally will be one of the best options as it is said to be one of the fastest growing areas in the city of Kochi. It is also known as the ‘Entrance to the Kochi city’. Having apartments in Edappally will ensure that you live in close range of city limits yet keeping a healthy distance from the crowded city. The Kochi Metro Station marks a prime location for Edappally and this makes various locations inside the city more easily accessible for residents of flats in Edappally. The two national highways (NH 47 and NH 17) join the Kochi Bypass Junction at Edappally. The National Highway 17, which extends to Panvel, Maharashtra starts from Edappally ensuring easy access to and from major cities across the country. Another factor which will make you choose flats in Edappally is the close amenities of educational institutions and places of entertainment. Amrita Institute of Medical Sciences (AIMS), Amrita School of Arts and Sciences, Govt. Vocational and Higher Secondary School-Edappally North, Bharathiya Vidya Bhavan Elamakkara etc. are at nearest locations of Edappally. Places of worship like more than 1000 years old Edapally Juma Masjid, Edapally Ganapathy Temple, St. George Syro-Malabar Catholic Forane Church, Edappally etc. also are major attractions for someone looking for luxury flats in Edappally. Cochin has India’s largest shopping mall in Edappally – Lulu Shopping Mall, built on an area of 17 acres. Oberon mall, the first full format mall in Kerala is also a finest attraction of Edappally. Oberon is around 1 km distance from the Edappally Junction. The night life of Cochin has become Lulu focused and visitors flow continues even late night. Varma Homes, the builders in Cochin offer flats and 2 bhk luxury apartments in Edappally near Lulu Mall to ensure you best access to the favourite shopping location of today’s Cochin. The best home builders in Kochi, Varma Homes’ compact apartments – Varma Regent is being built at Edappally. Varma Regent is one of the current ongoing residential projects of Varma Homes, located at Ponekkara. The 2 BHK luxury homes ranging between areas of 862 sq.ft to 1357 sq.ft ensure all premium facilities on an affordable price range. Varma Regent is on its last phase of completion and the project will get accomplished by the end of December. Most of the units of Varma Regent are already sold out and only few units are left. If you are looking to buy an affordable apartment in Edappally with luxury amenities, pay a visit to Varma Regent’s sample apartments which is all set for the home seekers so as to make a wise decision on buying it. We at Varma Homes, the top builders in Edappally always create the best living spaces meeting the requirements of our clients. If you are looking forward to buy apartments in Edappally, Varma Regent is the best option. For more details, contact us today. Call +91 9645 88 33 33 for more details.Read More
Things to consider before booking your apartments in Cochin Are you dreaming to own an apartment in prime locales of Kochi? There is no shortage of rich housing choices in a metropolitan city, and Kochi is not exempt to that norm. Though, those who have searched for an apartment in Kerala's economic capital, Kochi might have understood that it’s not at all an easy chore. Purchasing an apartment in Cochin need to have a big deal of thinking and evaluation of various factors before fulfilling it. So, when you are planning to buy an apartment in Cochin, you always need to put some additional care and effort. When you decide to invest your hard earned cash on buying an apartment, consider these 9 factors before you jump into the final decision. 1. The Reputation of the Builder Yes, the reputation of builders plays a role. Purchasing an apartment from the reputed builder, to some degree, assures that all their promises will be fulfilled. Through their previous projects, you get to identify to what point they stand on their promises and what quality they deal with. 2. Excellent Connectivity It is another key thing to check before purchasing an apartment in Kochi. If your apartment is well connected with hospitals, retail shops, bus stops, medical stores, accessibility to the city, ATM, schools and your workplace then the whole thing will become more comfortable for you. 3. Essential Clearances Most importantly, you do not want to get jammed in some project where the mandatory clearances are not settled. So before you take a big step, check thoroughly significant legal documents and clearances. 4 Amenities Should Meet Your Expectations You need to check that the apartments you have shortlisted meet all your expectations about the amenities available in the area also. Like your apartment should be in a loop of short distances from Your Work Place, Shopping Malls, Educational Institutions, Hospitals, Parks and so forth. The cost of your selected apartment usually depends on the amenities provided, land cost, location, construction quality, used materials, possession date and nature of the project. 5. Safety & Security A natural disaster and its concerns can change your life, and result in the need for you to move on to another property. So always look at the high-performance apartment building that is a bit safe from all natural calamities and designed to adopt strategies for disaster resistance. The installations of safety features such as emergency alarms, exits, earthquake-resistant materials, basement flood pumps, fire hoses and extinguishers in apartments enable homeowners to get bigger protection from such unprecedented events. When choosing an apartment for you to ensure that the apartment has the right security arrangement like the facilities to block all unwanted salesperson, suspicious strangers and beggars. Although the family goes out of the city for some days your home is going to be secure and safe. 6. Discover the Essence of Luxury Living Close To Nature Stays on the soothing natural environment in the heart of the city are more comforting and peaceful. So discover apartments that have serene park views or that is within walking distance of green grass, bushes and trees. Altogether, the atmosphere stimuli your mood, so it is best to be in an abode where you have the least stress and you will find your sense of peace returning. 7. Future Valuation Property investment is sensible only it brings redoubled returns in future. You would possibly be shopping for an apartment to reside, you never know when you need to own a new apartment with a lot of facilities and sell the current one. So when it comes up to purchase an apartment consider the future valuation of the property. Kochi with its increasing traffic, pollution and frantic life, most of the people are looking for a residential zone that is in close proximity with IT HUB, open gates to nature and heaps of luxury to pamper them. To fulfil their dreams, Varma Homes, one of the most prominent builders in Cochin offers you luxury apartments in the prime locations of Queen of the Arabian Sea. Our major ready to occupy apartments in Cochin like Varma Regent and Varma Maalika has already received an awe-inspiring response from the public. We invite you to join our fast growing community of satisfied clients where you can meet the unmatched quality of living spaces and all the essentials for practical living. Now we are come up with a new prestigious project “Varma Bougain Heights Purple “at the central location of Chottanikara which is the perfect blend of serenity and accessibility. So make your first move, take a visit to our new project where words are not enough to define the splendour of Bougain Heights. You need to experience it, invest in this compact apartment and get guaranteed returns. Above all, enhancing the quality of life and constructing happiness are the key aspirations for Varma Homes. You can discover and experience all these factors for the peaceful living in all the houses of Varma Homes. So why are you wasting your valuable time in search of a luxurious, comfortable and elegant apartment in Kochi? Varma Homes is your best choice. Give us a call to book the fanciest most exclusive apartments in Cochin. We’d love to help you!Read More