An ideal home is one of the best lifetime investment that one can make in his life. A much planned and aspired home is a place where you need to enjoy a healthy, stress free and vibrant life. As soon as you enjoy your home, you will have to leave behind everything and enjoy a stress free life with your family members. All together, a home strengthens the bond between all family members and brings them under a roof.
So if are all set to buy a home or an apartment for yourself or for any of your family members, an extra care need to be made. Advertisements can provide a lot of information, but its highly recommended that physical check and inspection is done with the property to make sure your requirement is satisfied and the quality is superior.
When you are looking to buy an apartment, its always mandatory that you make a checklist of things that you will need and compare them with what is been offered. This will make it easy for you to narrow your search to a project which is very specific and special and focus your discussions only for that.
Here we are providing you a checklist which can help you in selecting the right apartment.
Structure is the foremost and most important aspect which you need to give importance. The structural soundness of the apartment, should be given importance where an enquiry about the materials used should be checked thoroughly. Insulation s, placement of power points and wired connections with the process of how earth quake resistance is done need to checked.
A check-up need to be done if the apartment is provided with all new amenities as said and agreed in the brochures or display. Some of them may include a multi gym, swimming pool. indoor games area, banquet hall, fire extinguisher.
A complete check-up need to be made to make sure that a car park is committed in your house. If the builder does not have a space for car parking and if you have a car, then its going to be a problem.
One need to check if the apartment gives ample space for setting up an outside area, where you can free yourself and kids can play. its important for kids to have some play area as air and space is required for their growth. Such an area gives a lot of space for some physical activity.
If the apartment is too noisy it's better not to choose. Noise levels need to be checked before making any sort of decision as too much of noise is going to be a problem for you, especially if you have elderly people or even too young kids.
Disposal of waste is always a big problem, as public disposal is not any more a culture. Need to check if there is ample infrastructure for waste disposal otherwise it's a factor which will hamper your health.
A 24/7 security is much advised for apartments to avoid entry restriction and recorded entry and also to avoid any kind of issues especially when there are kids.
Connectivity is really important as living in a deserted place is not something which any one would appreciate. Moreover, it should be well connected with all retail shops, hospitals, schools, medial shops which will make ones life easy.
Its going to be extremely thrilling to move to a new apartment which will,be your dream, but if its not the right one then its going to be a worst experience as well. So its advised to check every aspect before the final purchase is done.
Varma Homes, a builder with over two decades of experience is committed to educate our customers with important aspects from the industry which they need to be aware.
Trivandrum, also known as Thiruvananthapuram, is the capital city of Kerala, a southern state in India. Known for its rich cultural heritage and scenic beauty, Trivandrum has become a popular destination for tourists and investors alike. Property investment in Trivandrum has been on the rise in recent years, and there are several reasons why.High Rental YieldTrivandrum has a high rental yield, making it an attractive destination for property investors. The rental yield in Trivandrum is around 5-7%, which is higher than many other cities in India. This means that property investors can expect a good return on their investment in Trivandrum.Growing IT IndustryThe IT industry is one of the fastest-growing sectors in Trivandrum. The city has several IT parks, including the Technopark, which is the largest IT park in the country. The growth of the IT industry has led to an increase in demand for residential and commercial properties in Trivandrum.Infrastructure DevelopmentTrivandrum has seen significant infrastructure development in recent years. The city has an international airport, a well-connected road network, and a proposed metro rail system. These developments have improved connectivity and accessibility, making Trivandrum an attractive destination for property investors.Tourist DestinationTrivandrum is a popular tourist destination, with several beaches, historic monuments, and cultural sites. The city attracts a large number of tourists every year, which has led to an increase in demand for holiday homes and rental properties. Property investors can expect good returns on their investment by catering to the tourist market.Education HubTrivandrum is home to several prestigious educational institutions, including the Indian Institute of Technology (IIT) and the Indian Institute of Space Science and Technology (IIST). The presence of these institutions has led to an increase in demand for student accommodation and rental properties.LifestyleFast increase in the number of shopping malls & centres, multiplexes, international food chains and other commercial hubs, has led to more activity in the city, lending it a multicultural cosmopolitan lifestyle.Affordable Property PricesCompared to other major cities in India, Trivandrum has relatively affordable property prices. This makes it an attractive destination for property investors who are looking for good returns on their investment without having to spend a lot of money upfront.In conclusion, Trivandrum is a city that offers a great investment opportunity for property investors. With its high rental yield, growing IT industry, infrastructure development, tourist destinations, educational institutions, safe and secure environment, and affordable property prices, Trivandrum has everything that property investors are looking for in a destination.Varma Homes offers a team of specialists that are well-versed in the real estate business, including current trends, price, and regulatory requirements. You may obtain helpful information and advice on several elements of the real estate process by consulting with us, such as discovering suitable houses, negotiating transactions, and managing legal requirements.Read More
Pre-Approved Home Loan & Take a Step Closer To Your Dream Home Looking ahead to the point where you want to avail pre-approved home loan to buy your dream home. Owning a home is everyone’s dream and most of us save up our hard-earned cash towards fulfilling this dream. However, our savings are not sufficient to achieve it, for this home loans options are there. After zeroing on the dream home the second biggest hurdle facing the home seeker is to obtaining a home loan. For this now, banks and financing institutions are providing loans much more handily than before. Pre-approved home loans are one of the most convenient and hassle-free ways to gather funds towards a home that you desire. It is the best way, as one will get a clear hint about the budget available for making the buying. This will aid you in thinning down the choices available and would be useful in finishing the transaction as quickly as possible. What Is A Pre-Approved Home Loan? Pre-approved home loans are slightly different from conventional home loans. It is mainly based on the refund capability of the person and not fully reliant on the property itself. One does not want property papers or related documents to apply for pre-approved home loans. I.e. it is a hassle-free method and processing will be fast with bare minimum documentation. The bank or the financial institute can give a stipulated amount of time once the approval of a loan to finalise the property. If anyone fails to finalise a property within the stipulated time, one should reconsider his application at a nominal cost. What Is Pre-Approved Property? Nowadays, mostly all builders get their residential projects pre-approved by lending institutions. The pre-approved property means that the particular financial institute has verified all technical and legal documents of the projects and has found them in order. Therefore, any buyer, who applies for the home loan for this property, do not require any legal verification. Key Points to Consider While Applying for a Pre- Approved Loan Pre-approved loans are like ‘Invitation to Apply’ (ITA) offer and hence it is valid only for a certain period of time. Therefore, the client needs to apply in the specified time frame to be qualified for the offer or the aids it brings. Enquire about the prepayment & pre-closure charges. Compare available features and interest rates. Look for zero processing charges. Important Features of Pre- Approved Loan Faster loan disbursal: As most of the verification is done during the pre-approval phase, it becomes faster to get the loan disbursed once the property is finalised. In such a case, banks only verify the property documents and give the final approval, which helps buyers of properties that have a shorter window of the transaction and have a time limit involved in their transaction. Lower Interest Rate: Pre-approved home loans may come with a lower interest. As the bank has already checked your income, current balance, repayment history and savings, it becomes clear that they are certain about you paying the installments on time. Focused house hunt: The housing market deals horde of choices to buyers containing apartments, villas, independent houses, floors etc. Knowing one’s loan eligibility benefits the candidate to limit the search and focus on the property comes under that budget category. This saves time and effort as the properties falling out of the scope will not be considered. Minimum Documentation: A pre-approved loan is offered to the existing customers, that is why minimum or no documentation is required, and the process is a hassle-free. Better negotiation power: Having a pre-approved home loan enables you to negotiate with your seller. The builder will be aware that your funds are in order and that you are a genuine buyer as pre-approved loans are available for a particular period only. You can start planning for your home and be ready to purchase it at the right time without having to deal with a last-minute loan rejection. Whether you are looking for the top builder in Kerala for owning your dream apartment, then you can heed towards Varma Homes. Step into Varma Homes and feel the magic of luxurious living along with zero concerns about taking of loan in order to make up for what is a shortage. As we have the tie-up with all major banks, and we offer pre-approved loans for all our projects, which makes the entire process a whole lot stress-free. A pre-approved loan always gives a head start that regular loans do not and it makes loan disbursement convenient and easy for you. We offer apartments at the most-desired places in Kerala such as Kochi, Thrissur and Trivandrum with excellent amenities to give you the best lifestyle like no one else. Now the good news for buyers is that you have to pay only 10% for the booking of your apartment. In addition, we provide some special offers on spot booking in some zones. So book your dream apartment now by paying only 10% with instant loan approval and take a step closer to living in your dream home! Come, experience the magnificence of Varma Homes apartments that match your requirements and balances your lifestyle!Read More
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
Thinking about a second home, if you have enough savings to invest in a second home, it will be a very plausible idea with high-profit potential. Since the real estate market has always been a risk-free & safe investment choice. However, before you go ahead with the plan to buy your second home, you have to consider certain things like you have no overhead debts, you have sufficient reserve and emergency funds and of course, you have a good and stable source of income. If all these are fulfilled, you can head down to execute your plan for your second home. Going to own your second home has several benefits in terms of investment choice or getting a regular income. Here we list down some reasons you should go for your second home if you have enough cash for investment. • The Promise of Assured Rent With high real estate prices, the clearest benefit of buying a second home is the promise of assured rent. As rental income has improved manifold over a period which makes buying a second home to rent out is the right method for a stable regular source of income. Also with the implementation of RERA and GST in the real estate market, now investing in second homes for rental income will progressively more become a trend. • Adding a High-Value Asset Owning a second home is obviously another investment in your investment basket. Due to the fast pace of growth in the real estate market in India, the value of your home would also be getting higher. So it will give you a high-value asset over a while and this may be sold later at a high price to liquidate the asset. For the time being, one can add to the rental income in their bonus perks. • Retirement Home As retirement emerges on the possibility, many of us commence worrying about their money & where to invest to relieve their retirement life. But owning a second home is the ideal investment choice & you got the freedom to go to a place for a change that is fully yours. Alternatively, even you can move to that home if you find it more suitable for your happy retirement life, renting out the earlier one. Otherwise, a second home can be used as the fixed source of income after your retirement if you put it on rent. • Tax Savings Buying a second home also comes with the extra incentive of tax savings. i.e. If you have taken a loan to own your second home, you can get tax considerations up to Rs 2 lakhs towards the interest paid & a tax deduction up to the total paid towards interest when the home is let out on rent. This aid you save tax on the loan simultaneously, adding up a high-value asset. • Savings for Future Purpose Despite providing extra rental income & tax benefits, second homes are considered good investment choices for the future purpose like children’s education, children’s marriage, retirement, future emergencies or events. Emergencies always come unexpectedly, so based on your financial state, you could very well sell your second home and use the cash to deal with your financial burdens. So, now we have seen the perks of owning a second home. In the meantime, if you want to buy a second home for investment? Check Varma Homes projects right away! Visit: www.varmahomes.com. Being the best and the most promising real estate builders in Kerala, you can completely trust Varma Homes for your future investment choice. We have our ongoing residential projects in major parts of Kerala like Kochi & Thrissur & Trivandrum. So believe in us, have the best home and get the best experience with us.Read More
Emotional attachmentInvesting in property in their home state or city gives many NRIs a sense of connection to their roots as well as a sense of security. This emotional bond might be especially strong for Gulf NRIs who have lived and worked overseas for an extended period of time. Purchasing real estate in their native state or city might help individuals keep links to their cultural background and familial relationships. Furthermore, for Gulf NRIs hoping to return to India in the future, investing in property may give a sense of security and stability. They might live in the property alone or with family members, or they can rent it out. For many Gulf NRIs, purchasing property in India is a financial as well as an emotional choice. Having a house in their home state or city offers a sense of stability, comfort, and familiarity, which can be beneficial for those who live far away from their relatives and loved ones. Furthermore, investing in real estate in India may be viewed as a means for people to give back to their home country and contribute to its growth. It is a method for many Gulf NRIs to express their pride in their cultural heritage and dedication to their community.Favorable exchange ratesThe value of one currency in respect to another is referred to as an exchange rate, and it can fluctuate over time. When the exchange rate between the Gulf nations and India is advantageous, Gulf NRIs might get more Indian rupees for each unit of their currency. This might make investing in real estate in India easier and cheaper for them. For example, if the conversion rate is 1 USD = 75 INR, a Gulf NRI wishing to invest in real estate in India would need to spend $75,000 in order to purchase a home worth 56,25,000 INR. If the exchange rate is 1 USD = 80 INR, the same property will cost the Gulf NRI just $70,312.50, making it more affordable. Favorable exchange rates can make it simpler for Gulf NRIs to invest in Indian real estate by lowering the amount of foreign cash they need to spend. But, bear in mind that currency rates are unpredictable and can move quickly, so keep a watch on them before making any investing decisions.High rental yieldKerala has a thriving rental industry, notably in towns such as Trivandrum, Kochi, and Calicut. Because of the increasing demand for rental properties in these locations, Gulf NRIs may be able to earn significant rental yields on their assets. The rental yield might vary depending on the property's location, nature, and quality, as well as the current rental prices in the region. Nonetheless, Gulf NRIs may often expect rental rates of 4-6%, which is considered a fair return on investment in the Indian real estate market. With the emergence of holiday rental sites such as Airbnb, Gulf NRIs may be able to earn even greater rental returns by renting out their houses as short-term holiday rentals, especially in famous tourist locations such as Kerala. Overall, the prospect for high rental yields may be appealing to Gulf NRIs wishing to invest in Kerala real estate.Growing real estate marketGrowing real estate markets in India are drawing Gulf NRI investment. Kerala, in particular, has experienced a recent spike in real estate demand and property prices, making it an appealing option for Gulf NRIs wishing to invest in Indian real estate. The increasing demand for housing as a result of the state's expanding population, urbanization, and infrastructural development is one of the causes behind Kerala's developing real estate industry. The development of new IT parks, commercial hubs, and industrial zones in towns like Trivandrum, Kochi, and Calicut has also generated job possibilities and drawn more residents to these areas, increasing housing demand. Kerala's state government has established a number of policies and efforts to help the real estate sector, including easing the clearance process for new projects, giving incentives for affordable housing, and granting tax breaks to real estate developers. The previously stated advantageous exchange rates and high rental returns, together with the emotional tie that many Gulf NRIs feel to their home state or city in India, have all contributed to Kerala's expanding real estate industry.Affordable pricesThe advantageous exchange rate is one of the elements that makes property investment in Kerala inexpensive for Gulf NRIs. Because the Indian rupee is often lower than Gulf currencies, Gulf NRIs may be able to obtain more bang for their buck when investing in Indian real estate. With the advent of the Indian government's affordable housing projects, there has been a drive for developers to create more inexpensive homes in Kerala and other regions of the nation. As a result, the supply of cheap houses in Kerala has increased, making it simpler for Gulf NRIs to discover residences that meet their budget. For Gulf NRIs interested in investing in Indian real estate, many financing alternatives are available, including house loans from banks and financial organizations. While property costs in Kerala vary according to location, kind, and quality, there are many reasonable choices accessible for Gulf NRIs interested in investing in Indian real estate.Legal protectionsThere is the legal protection given to Gulf NRIs who invest in property in Kerala, India. The Indian government has put in place different legislative frameworks to safeguard property purchasers' rights and guarantee that the real estate business is open and responsible. The Real Estate (Regulation and Development) Act of 2016, for example, attempts to regulate the real estate market and promote openness, accountability, and efficiency in transactions. The statute compels developers to register their projects with the Real Estate Regulatory Authority (RERA) and submit complete information about the project, such as its completion timetable, specs, and cost. It also requires developers to deposit a set amount of the project's cash in a separate bank account to verify that the funds are utilized for project development. In India, there are several consumer protection regulations, such as the Consumer Protection Act of 2019, which offers a framework for customers to seek remedies for any issues linked to transactions with developers or builders. In the event of a disagreement or legal issue arising from their property investment, Gulf NRIs have legal recourse. To resolve disagreements between parties, the Indian legal system offers numerous dispute resolution processes such as mediation, arbitration, and litigation. Gulf NRIs are clearly investing in Kerala property for a variety of reasons, including emotional tie to their country, good exchange rates, strong rental yield, a developing real estate market, and inexpensive costs. Several surveys and data on real estate investments in India reveal a considerable growth in investments from Gulf nations in recent years, indicating a trend of Gulf NRIs investing in Kerala property. Furthermore, anecdotal information from real estate developers and property agents in Kerala shows that Gulf NRIs are increasingly interested in investing in houses in the state. It is apparent that Gulf NRIs see Kerala as an appealing property investment location, and this trend is expected to continue in the future years.Read More