LOW-INTEREST RATES | BEST TIME TO BUY YOUR DREAM HOME
LOW-INTEREST RATES | BEST TIME TO BUY YOUR DREAM HOME
Opportunities don’t always knock at the doorstep when they do, you must ready to use it to the fullest. Well, it is true that COVID- 19 outbreak has proven the fact that owning a home is the best way than coping with the worries of living in rented accommodation. Now people are also aware of the significance of having an investment in the realty market as an asset class in their investment hamper. Since it is the most reliable and steady return investment choice compared to other investments options of high risks. Purchasing a home is often the biggest purchase of our lives, and a mortgage or home loan is typically our biggest financial commitment. Keeping the total acquisition charge in mind, affordable housing categories and the mid-segment have arisen as the most sought after for buyers.
Good News For Potential Buyers, It’s The Time To Strike
The novel COVID-19 pandemic has added numerous uncertainties to every single part of life, and the housing market is no exception. So, RBI take steps to deal with this situation with lowered repo rates, increase liquidity in the market, and the introduction of subsided housing schemes by the government. These changes will go a wide way of generating the much-desired demand for potential buyers.
This is absolutely good news for those who wish to own an apartment, moreover for those who waiting for the right time to strike. So now banks have made home loans most attractive giving home buyers with a chance that cannot be missed. The steep cut has brought interest rates on home loans by private & public sector banks to their lowest interest rates of 6.95% with effect from July 2020. Fixed home loan rates are the lowest they have been, and it will be the best time to yield the benefit of this ultra-low interest situation.
Once the economy recovers this unprecedented hit loss in the market, the property prices will bounce back and this low-interest-rate environment will vanish. There is no doubt that the coronavirus outbreak has totally changed the meaning of what we have come to know as home. Now it becomes a school to our children, an office, and of course secure abode for our family.
If you are looking for the right time & the right opportunity, then wait no further. Here is the right opportunity in the form of low home loan Interest rates. Go ahead, make its optimum use and realize your life dream of owning a home. You can now contact Varma Homes, the best builder in Kerala, for booking your dream apartment in your favourite city. We have our best quality apartments in major cities of God's own country like Kochi, Trivandrum and Thrissur. Check out our incomparable apartments, we are sure that you will be spellbound. Realize your dream home with us, once you invest, you will have a fixed asset that will have value at any time.
Opportunities are like sunrises, so take the benefit of low-interest rate & own your dream apartment from the house of Varma Homes!
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How Does Credit Score Play A Role In The Process Of Buying An Apartment?
Your credit score has a significant impact on the apartment buying process. It's a measure of your creditworthiness. The first thing a bank or financial institution does when evaluating your loan application is to take a peek at your credit score. They use this score to ascertain that you are eligible to apply. So, what kind of credit score is required to purchase an apartment? It isn't a three digit number that you earn every time you spend on something. It is far more. It is crucial to understand how your credit score will impact your interest rate, loan amount, and down payment. A credit score of 750 or above is generally considered good & can provide you with many benefits, such as faster loan approvals, lower interest rates, and so on. Let's take a look at the major factors that affect your credit score.Approvals of Loans: Your credit score may play a role in getting a loan approved. A credit score of 700 or above is considered to be a good score to get a home loan easily. If your score isn't up to par, you should communicate with your bank to find out how you can improve it.Loan Amount: If you have a bad credit score, your credit limit will almost certainly be less than the amount you asked for. For example, if you need Rs. 35 lakhs for a home loan, your low credit score may prevent the bank from approving this amount. As a result, if you want to be eligible for a larger loan, you'll need to work on improving your credit score.Loan Interest Rate: The other factor that is influenced by your credit score is the mortgage interest rate. So, banks will probably give you a lower loan interest rate if you have a relatively high credit score. And despite the small rate difference, the monthly EMI will be significantly lower.Increased Down Payment: When buying a home, a lower credit score can result in a higher down payment and a countless number of visits and calls to the bank. A good credit score helps to verify that the purchaser has the potential for repaying the loan. According to the guidelines issued by the Reserve Bank of India (RBI), a home buyer can get 80% of the property value as home loan. But, if you have a low credit score, the bank may sanction only a lower amount and you need to find additional down payment to buy a new home.Of course, there is no need to panic if you have a low credit score. Before you apply for a home loan, raise it by making timely payments. Banks or creditors are more likely to believe you can repay a loan if you can pay your bills on time because you seem financially secure and responsible. This will make the home-buying process go more smoothly. Here are some suggestions for raising your credit score. Pay attention to your credit report. Analyze it &, if necessary, point out any errors. Correct them as soon as possible. Concentrate on your mortgage. If you want to take out other loans, such as for travel or furniture, you should put them off. Examine your co-applicants payment records. Their credit score must also be within acceptable limits. To be financially sound & avoid having to pay extra interest, pay your credit card bills on time. Spend only what you have available on your credit card. Pay your EMIs on time & if you default on them, your credit score will suffer. You will be considered disloyal for a home loan. Hence, make a concerted effort to raise your credit score. Once you discover your dream apartment, working to improve your credit score will certainly help you to flourish financially. If you have good credit, let's not let the possibility of higher credit norms deter you from purchasing right now. So, be a wise buyer & keep all of these crucial points about your credit score & how it affects your apartment buying process in mind. Your dream is almost certain to become a reality very soon.In a nutshell, Whether you plan to buy an apartment in the coming months or years, the benefits of monitoring your credit score & working to improve it will help in the long run. Banks will check your credit score when you apply for a home loan to see if you are a responsible borrower. If you have a good credit score and are looking for a reliable and trustworthy builder in Kerala, Varma Homes is the right choice for you. You can trust us because we are Kerala's leading real estate builder. We provide high-end amenities in all of our apartment projects in major Kerala cities, such as Ernakulam, Thrissur, Trivandrum, and Kozhikode allowing many apartment buyers to realize their long-held dream of owning a home. Search our website for detailed information on all of our residential apartment projects and pick the best one.
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A Little Slice Of Life at Cochin
Kochi, the Queen of Arabian Sea, is the spotlight of many developments, especially it is hub spot of real estate market. The well-equipped social infrastructure, the multitude of eateries, entertainment, technology and cosmopolitan culture makes Kochi as the more vibrant cities in God’s own country, Kerala. Often referred to as the economic capital of Kerala, Kochi offers great opportunities for investment. Numerous builders and real estate companies have chosen to set up their residential projects in diverse areas of Kochi. This has also opened up countless choices for people who are looking to purchase apartments in Kochi. Many factors drive the real estate market of Kochi forward. #1 Varying living Lifestyle The life at Cochin City gives away the best lively living lifestyle with all the needs at the doorstep. One can enjoy the pluses of the God’s own country filled with the modern lifestyle that this fast-growing city has to offer. It offers significant infrastructural facilities to its citizens. Be it educational institutions, healthcare facilities, retail outlets, shopping malls, modes of transport, or recreation centres, the Kochi provides you access to only the best for a supreme lifestyle. Lulu International Shopping Mall, the largest shopping mall in Asia built in 17 acres with 2.5 million square feet is located at Kochi. It is the one-stop destination for shopping, fun and entertainment for Kochiates. These developments add up the aesthetic value of Kochi and increase investment in the city. #2 IT Boom The tremendous growth in the IT sector along with the government initiatives made Kochi as one of the best technological hotspots in India. Infopark and Smart City revolutionizes the job market in Kerala, which give a huge push to the IT industry in Kochi. Due to the availability of affordable and skilled labour, it becomes the key options for corporate who looks to expand their business in South India. Booming micro-markets in suburban areas like Chottanikara, Tripunithura Edapally, Palarivattom, Elamakkkara etc. are developing at a fast pace. This will open up different opportunities in investment and business, especially for youngsters. So it is now a platform for migrants who looking to start their career in IT industry together with a blend of rich heritage, modernization and culture. The cost of living and operational expenditure of Kochi is comparatively much lower than other metropolitan cities. Therefore it becomes the first investment choice for techies and real estate investors. #3 Excellent Connectivity Kochi has a well-connected transport system that runs through road, rail, air and water. Kochi’s backwater system offers inter-city connectivity and acts as a cheap mode of transportation for natives. The launch of Kochi Metro rail has also added to make accessibility an essential feature of the city. Kochi metro brings a revolutionary change to public transport. It also turned out to be a major boom in the real estate sector. Now also the recent stretch of Kochi Metro to the new five stations like Ernakulam South, Kadavanthra, Elamkulam, Vytilla and Thaikoodam escalated the growth of this city. #4 Tourism hotspot Kochi fascinates around 10 lakh foreign travellers per year which donate huge to the total revenue produced. Kochi is the city of historic value along with being a favourite destination for green lands, watercourses and beach. The steady upsurge in demand for hospitality allied real estate holdings like resorts and hotels owing to sustainable tourism growth which also leads to the real estate boom in Kochi. #5 Property Appreciation Because of the upcoming developments in the city, property appreciation is high in Kochi which acts as an incentive for investors with a long term vision. There avail number of choices for investment in realty market such as apartments in Kochi, flats in Kochi, villas in Kochi etc. Due to the high demands, the resale value of the property is always greater than invested. Are you one among those many planning to own an apartment in Kochi city? Well, think no more and choose Varma Homes, one of the leading builders in Kerala offering best residential projects strategically situated at key locations of Kochi to ensure matchless living experience. Be ready to experience a new level of happiness by living in the house of Varma Homes, here is your list: VARMA MAALIKA I, TRIPUNITHURA (Completed ahead of Schedule) Luxurious apartment project having 12 residential apartment units of 2BHK & 3BHK with G + 4 floors with premium quality amenities. VARMA PADIPURA, TRIPUNITHURA (Ongoing) Luxurious apartment project having 32 residential apartment units of 2BHK & 3BHK with B + G + 11 floors with premium quality amenities. VARMA KOTTARAM, TRIPUNITHURA (Completed ahead of Schedule) Luxurious apartment project 24 residential apartment units of 2BHK & 3BHK with G + 4 floors with premium quality amenities. VARMA MAALIKA II, TRIPUNITHURA (Ongoing Nearing completion) Luxurious apartment project having 8 residential apartment units of 2BHK & 3BHK with G +4 floors with premium quality amenities. BOUGAIN HEIGHTS PURPLE, CHOTTANIKKARA, KOCHI (Ongoing) Compact apartment projects having 44 residential apartment units 2 BHK &3 BHK with B+G+8 floors with premium quality amenities. Choose from our array of villas, flats and apartments in the heart of the city as we give you more reasons to own one at Kochi. To know more - https://www.varmahomes.com/
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Ongoing Apartment Project in Trivandrum
Varma Dr. Pai's Heritage is a super luxury apartment project of Varma Homes, the best builders in Cochin with a total number of 50 units located at Poojappura, the heart of Trivandrum. The foundation stone laying ceremony and the bhoomi pooja of this new luxury residential project was held on 24 August 2017 at Poojappura, Trivandrum. Dr. Pai's Heritage at Poojappura is named after one of the most gifted and respected sons, Dr. KN Pai who was the first and last resort to many in Trivandrum who sought medical care. As a teacher to most of the doctors practicing in Trivandrum, his was the last word in diagnosis. His home at Poojappura used to be a beehive of activity every evening with crowds of patients from far and near thronging there. We are proud that the same location will now be the venue of our first project in Trivandrum and we are proud to name it after such an enigmatic figure. Poojappura is now a prime residential area in Trivandrum and is well connected to all major city centres and transport hubs. Dr. Pai's Heritage, at Dr. Pai Lane is only a stone's throw away from the main road, a perfect location for the perfect home. The residential project in Trivandrum is conveniently located amidst several landmarks like Chalai Bazar and PRS Hospital. Schools, colleges, ATMs, hospitals and markets in proximity makes it a preferred choice for property seekers. Trivandrum Central Railway Station and Trivandrum Bus Station ensure easy accessibility to several key nodes in and around the city. The Trivandrum International Airport is just a short driving distance away and can be reached via the Salem-Kochi-Kanyakumari Highway The foundation stone of the 2 & 3 BHK homes of Varma Dr. Pai’s Heritage, one of the most prestigious apartment projects of Varma Homes was laid by Her Highness Princess Pooyam Thirunal Gowri Parvathi Bayi on 24th of Aug 2017 at 9:30 am. The project is going on at a rapid pace. Check the complete progress status of this super luxury apartments in Trivandrum by clicking here
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Real Class of Noble Living in Trivandrum
Have you ever confronted a situation in which you frantically attempted your best to own a dream home yet, but it was put off by the steadily increasing property costs and loan fees? We are sure that a significant number of you have confronted this and still keep on doing so. Presently the solution to your journey for owning your own particular space on a financial plan is going to wind up a reality. A standard pattern that is making its essence felt in the Real Indian home is the making of Varma Dr. Pai's Heritage. Homes that are perfect for the ones who looking for a way of life that fit for the lord, Varma Homes are the most recent trends in the ultra-luxury segment in the Indian Real Estate. Varma Dr. Pai’s heritage is pulling more customers in our world with its sheer magnificence and the high-end amenities. Dr. Pai's Heritage is a unique apartment project comprising of 2 and 3 BHK luxury apartments with all advantages of autonomous home. Following showcase drifts, the Varma Homes plans to centre on expanding our housing portfolio with improvements over the fragments in super luxury apartments. With more number of individual desired to relish an elite and niche lifestyle, the plea for Varma Homes is on the ascent. The fact is that building a house to the home is not an easy task it comes up with amazingly elevated requirements, and just developers with a specific reputation, experience, and loyal brand can stand to work to them. It must be settled in the correct area and the developer ought to make a perfect neighbourhood that mirrors the selectiveness that these homes accompany. Aside from the host of pleasantries, these homes are a mark address, a door to a specialty societal position and these characteristics ought to be instilled in the plan of the Varma homes. We carefully worked to give a consistent living background; the venture will have all cutting-edge amenities. Varma Homes presents to you another universe of satisfaction, security and flourishing, providing finest apartments, townhouses, and luxury villas that match the prerequisites of clients with the one of a kind mark of a modern brand. Varma Homes gives you an immense feeling of the lavish way of life. Invest in Housing Apartments with the Finest Builders in Kerala Striding into the capital of Kerala, Thiruvananthapuram is an excellent achievement for Varma Homes. The heritage and values of the state capital is always inspiring to any builders. With the launch of our new residential project Dr. Pai's Heritage, we wish to deliver a quality lifestyle space in the heart of the Thiruvananthapuram city and want to become a milestone in this industry. Our main motto is to provide quality assured homes to all within the range of affordable prices. The vital essence of our mantra is to constructing happiness among needy people. Because of this, Varma Homes remains as one of the leading builders in Kerala providing diverse residential projects in all over Kerala. We bid a broad range of luxury and budget housing projects comprising ultra-luxurious apartments and flats with exceptional quality and comfort. Our projects mainly spread across various cities in Kerala like Trivandrum, Thrissur, and Kochi. From inception, we are always dedicated to providing superior quality homes on time with unsurpassed constructing happiness. At Varma Homes, we believe in creating experiences that are value for money, which is why we ensure that all our services are high in quality and effectiveness. We aim to provide a marketplace for the best residential projects while maintaining high-quality standards. Find the right luxurious apartments from Varma Dr. Pai's Heritage. The testimonials and previous projects that are mentioned on the website will give you a clear idea of what exactly we are capable of. Let us know, we are all ears!!!!
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Check Out the Security Features to Consider Before Buying a House
Home is the place where we get more comforts and security. So when one considers adding resources into the house, there may come various parameters as the top priority list and most vital part of is security. However, searching for your dream home comes with various considerations. One of the most important consideration is security since you’ll likely be aiming to stay in the property with proper security features, which will keep you and your family happy for the long term. LocationLocation is the essential factor to be considered while purchasing the apartment. When you plan to invest in a specific area you should make visits and have a complete idea of the locality. It should have a safe and secure neighbourhood. The money and social related environment play a vital role while focussing on the buying of the property. Apart from these, it is essential that one completes thorough background verification and comprehend the area before moving in. Now natural disasters are so common so select the location that is a bit safe from all-natural calamities. Hence,always look at the high-performance apartment building and its locality that is safe from all such natural calamities. Also look for the other basic amenities in the location that you want, such as health, education, transport, shopping, walkability, grocery stores, public transit access, recreation and supply. Ultimately you need to think about what location means to you and what access your house will offer. So try to purchase in a zone that match with your lifestyle choices. The Security GuardsOnce you are satisfied with the location, you have to keep an eye on the security guards of the apartment during each visit. So the verification of the workmanship of security guards is profoundly suggested when it comes up on the point about security features of the apartment. Also, doing an intensive personal examination with the police aids in satisfying the safety efforts. Installing a Security SystemBefore you move into your dream apartment, you have to install the proper security system. Securing windows and entryways is equally important for your safest and comfortable stay. Now in the market there avail numerous wireless high-security systems & alert security system. So prepare your budget into a multi-layer security system while buying an apartment or flat. Fire ProtectionBefore you move out to your new apartment make sure you have a functioning and up-to-date fire extinguisher. You must check the fire alarm and inquire if a false test is done periodically. Furthermore, it is essential to confirm that keys to all locked doors are easily accessible if one needs to escape during the crisis. Verify the DeedsThe property with the right documents and deeds make you have the legal confidence of the property, comprising the banks to contract credits. If you plan to buy an apartment, verify the total cost for monthly maintenance of the apartment. Also check the apartment amenities like quality windows, doors, security systems, fire alarm, security guards etc. which helps you to have a secure and comfy life. Otherwise, in the end, you could pay a higher cost for not taking these pointers into account while purchasing it. So before you purchase your dream apartment make sure about these security features. When you give priority to security with space, you and your family can live safely. If you are looking for apartments that satisfying these requirements, you can check Varma Homes projects here. We have apartments and flats in Kochi, Trivandrum and Thrissur, where we mainly focussed safety as precedence. We offer CCTV surveillance to the entire premises of our projects along with firm security guards. Feeling safe in your own home is essential to any resident, which is why you need to take the right steps to pick a safe apartment. Here we can present you perfect apartments with advanced security features and we can assure that you will get the peace of mind. We offer the installations of latest safety features in our apartments like emergency alarms, exits, earthquake-resistant materials, fire hoses, extinguishers, basement flood pumps, security guards, CCTV surveillance which enable a tenant to get bigger protection. We also promise that you don’t get jammed in making legal documents, deeds and mandatory clearances, as we will do this without any scope of mistakes. Our main focus is on customer satisfaction so we do not end the relationship between customers by just selling a home but we provide an endless commitment to them. You don’t have to worry about transparency and security, you can fully Trust Varma Homes. Come & visit our projects spots to witness the security for yourself to believe. We trust in making experiences that worth your money.
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