FIND THESE CHECKLIST BEFORE BUY AN APARTMENT
Investing in a new housing property is one of the most crucial financial decisions we take as we incline to invest a large sum amount in one go. So there are certain things to pay attention before buying a flat to minimize your risk. To simplify things, here we have listed a few important things that everyone must cross check before buying your dream apartment or flat.
Builder Credibility-Simply being in business for a long time is not enough; the builder should have earned customers trust and goodwill. Keeping promises on quality, delivery and amenities to customers is essential. You also need to check whether their offers are credible; some builders create too-good-to-be-true promises to draw customers, but they pull out later. There have been many such incidents everywhere where we’ve seen high rises falling as the builder used improper matter while constructing the house. To ensure you and your family safety, research well regarding the builder and the best method is to look for past projects of the builder.
Legal Check of Property- Check whether the building has required authorization from the concerned authorities. Double check the builder have approvals and NOC from the electricity board, water supply, sewage boards, Panchayat/Municipal, Corporation etc.
Ownership - There avail the number of apartments, and you can find flats of all price range. No matter whether you are looking for a 1BHK /2BHK/ 3BHK flat, you can easily discover the best choices. However, it is essential to comment that many people purchase under-construction flats just for investment targets. So, if you are looking for resale flats, you must guarantee the flat has the right ownership and has surpassed all the legal documents of the property.
Litigation Free Land- Before you invest in the housing property, you want to confirm the land isn't concerned in any sort of legal dispute, as the property dealers or real estate brokers may try and hide such problem. So before finalising your deal make a background check of the land.
Floor Plan- Before buying any flat, floor plan is a very significant consideration. It is vital to be aware of the flat space and the common share percentage, air passage, adequate ventilation, proper placements of the fixtures, directions and dimensions etc.
Check The Carpet Area- You need to check the actual carpet space of the flat before you book one instead of the super built-up area. Usually, the super built-up area comprises the lobby, the staircase, elevator space, the thickness of the walls and others. Though, carpet area is the actual space within the walls of the flat.
Government Permitted Land- The construction plan of a building is sanctioned by the authority only if the land come under the category of the ‘build-able’ class. So as to confirm the builder has obtained the required permission from the govt., you want to ask the owner of the flat to show the sanctioned papers. In this manner, you'll be able to keep one's hands off from the illegal properties.
Property Taxes-Before investing your hard earned cash, you need to pay attention to property taxes. It’s important to confirm the builder has paid all the required taxes associated with the property upon which the flat has been made.
Additional Charges-Numerous costs that go into making the total cost of a flat starting from parking space charges to club membership costs. In addition to basic cost, car parking, caretaker charges, public utilities such as sewage treatment and wastewater management can also cost more than the base price. So, inquire about these kinds of additional charges before paying the booking amount to avoid surprises later.
Before you purchase a flat, you must query whether the building property is legally trouble-free or not. Buying a house is one among the huge steps in your life, it might be your years of saving and years of planning cannot be drop at the right moment when you make the final decision. Therefore, you are required to reminisce each of these points before you fix the deal. You don't need to worry about these things when you approach Varma Homes for your dream purchase of the apartments in Kochi, Thrissur & Trivandrum. As we know that buying an apartment may the biggest purchase of your life. So we strictly follow all the legal formalities and deliver all our projects on time or ahead of schedule for all our buyers.
Being the top builder in Kerala, our credibility, top-notch quality and value we preserve in our services are stealing the heart of many people. We know our customers invest their in-depth faith and trust to us along with their hard-earned cash. Which is why we consistently put our customers first in our quality delivery strategy of our residential projects and leave no stone unturned to bring them exceptional living in our happy homes.
Selecting the best home builder for your needs can be difficult in many circumstances. The builder you choose should be able to complete all services with the highest level of quality and on schedule.There are many home builders in the city nowadays, but only a select few of them can be relied upon. You may do miracles with your home with the aid of a skilled builder.A common question that people who want to purchase a home ask themselves is how to choose the home builder.When selecting a builder for your flat in Thrissur, there are numerous factors to take into account. The next section discusses some suggestions for picking the best builder.1. ExperienceBoth the service and the quality given by the builder you have selected will be acceptable if they have been active in the sector for a number of years and have a solid reputation in the business. More experience means more expertise in a given industry.You can always be certain that the home builder has the necessary experience to provide high-quality residences. Therefore, attempt to look into the builder's experience in this specific industry when hiring a builder. A skilled builder will always try to offer his experience to your projects, increasing their effectiveness. Check out some real estate fallacies you need to be aware of in order to choose your property wisely.2. Ongoing WorksVisit the builder's active projects to assess their effectiveness. If the builder has active projects, it will be easier for you to grasp the quality and current updates being employed, as well as the dependability and experience of the builders. Making them your builder will always be a wise choice.When viewing the website, make an effort to evaluate the materials and services they are using. You can determine whether or not to select them by taking into account these elements.A professional builder would frequently stop by the job site to monitor the progress of the construction. This demonstrates the builder's dedication to their craft. So, you may find out if the builder frequently visits the site by asking the owners of the ongoing projects.3. Customer ReviewsOne of the most crucial areas to look at when choosing your builder is this. The builder will be more dependable if they have more satisfied clients.Always make an effort to acquire feedback from the builder's previous clients as well as current clients on active projects. You can learn a lot about your builder's work from this section.Additionally, you can use the internet to find consumer testimonials and feedback, particularly if the builder has a website. You can find the builder's previous projects and read reviews of those projects by entering the builder's name in any search engine. It is among the simplest ways to find out what people think of the builder.4. Success RateIt might be a house, a villa, a flat, or an apartment. Try to learn about the builders' previous projects. Analyse the projects' success rates as well, specifically the proportion of completed homes that were delivered on schedule and were occupied.This part can be used to highlight the size of the business, the calibre of the materials utilised, and the builder's dependability. An effective builder will have a good success rate on their projects. You can choose them if they have taken on significant undertakings and successfully accomplished them.No matter the size of the project, the builder needs to be able to finish it successfully, quickly, and to the highest standard. 5. Matching Your RequirementsYou'll have many ideas while you build a house that should be incorporated into the overall project. A foreign style of design or any other kind of design may occasionally impress you.Therefore, while selecting a home builder for your project, strive to ensure that the builder is qualified to carry out your project's ideas. Share your criteria with them and find out whether they can carry them out before fixing the builder.When you discuss your ideas with the builder, they frequently strive to include their expertise into the project, which will make it more successful. A skilled builder constantly incorporates their expertise and knowledge into their projects.6. Quality of MaterialsSome contractors place a premium on the calibre of the supplies utilised in the job. For your project, it is preferable to choose these types of builders.The longevity of the home may depend on the calibre of the construction materials utilised. Along with these kinds of reliable builders, there are also some unreliable builders who, in an effort to increase their profits, employ subpar materials for the job.You must be present at the construction site to check that all of the materials are of the highest calibre. Visit the customer's active construction sites to examine the quality of the materials.The above mentioned ideas might assist you in avoiding the uncertainty surrounding how to choose the home builder for your project. You should be extremely attentive when selecting the builder because you will be investing a significant sum of money in the project.Try to learn a little bit about the builder's business and look at some of their previous projects before making your choice. so that no one will defraud you.Today's technology has advanced greatly. With the aid of these technologies, you may pick the ideal builder who can finish the project on schedule and within your specified price. Utilize all available resources to select a qualified builder for your project and create a fantastic home.Varma Homes are one of the best builders in Kerala providing the best flats in Kochi and Thrissur among other parts of Kerala. For further information on our project contact us now!Read More
Summers are here and so is the vacation mode. It has often been said that summer is the right time to buy a house. To find out a home that you have always visualized is a herculean chore. Either the Vastu design or the location, or budget will be disagreeable. As owning a home is a lifelong asset, do not take the decision to buy your dream home in quickly. You have to spend some time and effort into this. For this, summer is the best time, the time where most of the people are on-off work mode. Let us check out the reasons why summer is the perfect time to buy your dream home. 1. Higher Inventory The sale of homes is usually in the peak mode of summer periods. It is the most time for residents to be on the move and for patrons to take the full advantage of the flow of inventory on the niche market. The main advantage for you is that you can get numerous choices to decide from, permitting you to possess the chance to be flexible to searching out an excellent deal instead of having to settle. 2. Get Enough Time to Decide Which the Best One Is The Real Estate market is now booming rapidly, which is why being a buyer you should consider timing as the factor when deciding whether to purchase your dream home or not. When you are looking for a new home, you get a plethora of options to choose from the best of your desires. If you are on the busy mode then you will not get the time to shortlist the best one from the list of choices. Therefore, it is unfortunate and annoying to be pressured into having to purchase a home that fits your criteria. Whereas during the summers, it is the time of holidays and the people are usually off work, giving higher chances for you to find a great deal by checking all the criteria and the neighbourhood details of the localities. 3. School is OUT If you are thinking to buy a home in this hotter season, take your kids along as they are probably out of schools. This gives you an option to have a walkthrough of your dream home with your kids and consider their perspectives. It will be good for both you and kids as they can often-spotting things that you do not. 4. Prices Drop Summer might be the busy home-buying time and you could find out the great deal. That is most of the sellers are willing to bid some incentives during the summer as they feel like they need to cut a transaction before pulling the listings before fall and winter. 5. Get To Know the Lay of the Land It is a little bit easier to do detective work on your new homes wish list and its surroundings during summer time. As the weather is nice and the days are longer, you will get the time to take research about your new property, to know the community and also to take the pulse of the neighbourhood. 6. Low Mortgage Rates Mortgage rates are often lower during the summer. There are various market factors that go into interest rates. Surprisingly, summer is the time of the year when banks come out with the most interesting loan schemes. It will help you to save your money for the long term, so it recommended that buy your home now before rates move higher. In a nutshell, summer provides a greater opportunity with many people who are looking to buy their dream home. if you are on a search of the right builder for buying your dream apartments or home in the prime locations of Kerala, then here is your choice, Varma Homes, the most dependable and trustworthy home builders. We come to you with an assortment of luxury apartments and flats of alluring design that is both reasonable and proximity to the city. So, as the weather heats up; with Varma Homes you can find hot deals and can transform your dream into reality.Read More
It is everyone's longing to turn out to be financially independent. For this, most people depend on traditional ways to earn more, like being salaried in an organization or being self-employed. Yet there are different medians for individuals to enjoy surplus monetary advantages like stock purchasing, shareholding, and the long and worthwhile standby of retirement pension. Apart from all these, the most efficient way to earn is by investing in real estate. You can relish a profound pace of profits, astounding tax benefits & leverage of land to construct your wealth. Here are some reasons why real estate is an extraordinary investment. Reason 1: Predictable Cash Flow Cash flow is the net spendable profit obtained from the investment after every single operating cost & home loan installments have been made. When you purchase a good property from a reputed real estate builder in Kerala, the cash flow will be just as hefty. You can make money through rental income as it tends to rise over time, which can lead to greater cash flow. In most cases, cash flow makes stronger over time as you pay down your loan & build up your equity. As well, RBI has recently declared a reduction in the REPO rate which creates home loans even less expensive. So this will help you to smoothly begin your investment & hence increase cash flows. Reason 2: Get the Most Delightful Return on Your Investments From the pool of real estate builders, you can select the best real estate builder in Kerala who can offer the best quality construction works for their projects. Because the quality of the construction work matches the most excellent grades. So it comes with assured safety, security & top-notch amenities. This shows, by investing in those properties, you are going to accept the most appealing return on your investments. Reason3: Financial Security over Time While another reason that forced people to make their investment in the realty market is long term financial security. If you have a constant flow of cash in succession, the bonuses of this investment yield monetary bonuses for a long time. Possessing a residential property can give investors a sense of security due to the property appreciation over the long run. Well, this is only possible when you invest in the right place. So it is always advised to completely research the location before finalizing the negotiation on the apartment of choice. Reason 4: Hedge against Inflation In contrast to most different sorts of ventures, the realty market can contribute a hedge against inflation, which is yet another reason that pulls customers to put in this income stream. I.e. with high inflation, your rental pay & property value develop profoundly. Hence investors welcome inflation wholeheartedly because as the cost of living rises, so makes their cash flow. Accordingly, buying a property offers extra investment security during inflation. Reason 5: You Become Your Own Decision Maker The most satisfying part about real estate investment is that you become your own boss. Similar to any other business you have total authority & freedom over your investment strategies just as your flops and achievements. You make better decisions on which property to invest in, the tenants who will live in your property, how much rent to impose per month and so on. Reason 6: Qualifies you for Tax Deductions Another reason that real estate is an extraordinary investment, is the tax deductions you can take in this income stream. You get to deduct expenses straight connected to the operation, maintenance & management of a property such as property maintenance, insurance, maintenance repairs, property management fees, repairs, travel expenses, legal fees, and even the interest paid on the home loan. All of these deductions will reduce your taxable income, which might save you cash while you file your taxes. Reason 7: Admittance to Credit Reliant upon a variety of features, extra payment created from real estate investments might grant you admittance to added credit. Usually, loaning institutions finance more money to individuals who get more cash flow. The additional payment generated using property ventures may unfold more comprehensive credit lending entryways. To Sum Up, You can see the profits of investing in real estate while investing in other sorts of investments like the stock market. Investing in real estate can be your ticket to making passive income & reaching long-term financial stability. Nevertheless, before you can obtain these things, always remember that you need to make careful decisions when investing in your property. I.e. while choosing the right builder for your investment, is the first and the most important aspect when it comes to a real estate investment. If you are seeking a top-rated & most well recognized real estate builder in Kerala, then head over to Varma Homes and start searching for investment properties for sale across Kerala. We have our apartment projects at the prime locations in Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode. Visit our website to get more information about our projects. Get in touch with us today to start an investment with us that will definitely offer you a lifetime of fun, happiness & priceless memories.Read More
Kerala's financial capital city, Kochi is always growing, especially in the real estate field. People choose Kochi as a future home investment only because of the city's excellent facilities such as road and rail connectivity, Metro, etc. Kochi is a leading tourist destination too.The best investment in Kochi is for apartments. Homebuyers are high in rate, as the major IT Hubs are situated in Kochi. People look for easy and convenient daily commutes, hence they opt for apartments or flats. Kochi's real estate market is highly paid and attractive.All potential drivers such as IT development for employment generation, Metro rail for intra-city connectivity, the Smart City tag for basic infrastructure, port-based development for industry and commercial growth, airport terminal for international connectivity and foreign investment and tourism for the hospitality industry are emphasized in Kochi.This will ultimately boost demand for housing and make it one of the next highly-preferred real estate destinations in India. Inclusion in the top 20 Smart Cities:The Ministry of Urban Development, Government of India identified the top 20 candidates under the Smart City mission initiative through a competitive selection process. E-Governance and water management are focus areas as part of pan-city solutions which will help Kochi to access improved and planned infrastructure with assured water and power supply, sanitation and solid waste management, efficient urban mobility and public transport, IT connectivity, etc.Kakanad-Tripunithura-Central City, which is selected as the area for development, will witness intense development in the coming years. Numerous developers are trying to acquire land for real estate development in and around this area. The 'Smart City' tag is expected to boost prices exponentially.New international airport terminal to cater to growing demand:The new international terminal has a very positive economic impact and uplift the real estate market in the whole region. The catchment will witness the development of new retail and commercial spaces along with a good supply of residential and hospitality developments to cater to the increasing demand.The increased international connectivity will also pave the way for global companies and cargo-based businesses to deploy and expand operations nearby. The completion of the international terminal, along with an operational metro, will significantly boost the city's real estate market - and the catchment itself is expected to witness a 15-20% rise in property prices.Venue for one of two submarine cable landings in India:Kochi is one of the venues for 'SEA-ME-WE-3' (South-East Asia - Middle East - Western Europe 3) and 'SAFE' submarine cable landings and is the second Indian location along with Mumbai to have two submarine cable landings. This fact highlights Kochi as an important destination for IT-enabled services. Presently, the Government of Kochi is keen on developing IT/ITeS, as the entire Kerala state is promoting this sector heavily.The major thrust on IT/ITeS development will eventually boost real estate development in the city, as it creates demand for residential properties, Grade A office spaces and retail developments.Ample employment opportunities:The swelling number of businesses in the city has presented residents with increased employment options. The Kakkanad technological cluster and the Cochin Special Economic Zone (CSEZ) have become appealing locations for enterprises and businesses seeking to establish their base in India. The proximity of well-developed transport infrastructure and a large population of potential customers and partners has made the city attractive for businesses seeking to expand or start-up. The presence of large foreign corporations in the city has provided a good platform for the growth of the local employment sector.Continued tourism growth:Kochi receives millions of tourists annually, which is crucial in adding significant value to the city's earnings. It has historical pertinence and is a popular attraction for its coastline, lush countryside, and watersheds. Kochi is also visited annually by domestic tourists for cultural celebrations and festivals. The city's aspiration to become a prominent vacation spot provides a pathway for the skyrocketing demand for the hospitality industry and its ancillary sectors. Furthermore, the proximity of large international airports and the growing popularity of cruise tourism make the city an attractive destination for international visitors.In short, Kochi - which was earlier struggling to recover from an oversupply scenario - will see a massive revival due to the creation of demand from these initiatives. Sustainable growth in real estate prices is now assured in the city, and this has incited new interest from numerous real estate developers from all over India who are keen to launch residential, commercial and hospitality projects there.Varma Homes offer flats in Kochi with the most contemporary design style and architecture. We have been giving flats in Kochi and have a huge happy client base. On-time fulfilment and delivery of projects are some of our strong points. Our flats in Kochi use the most advanced technology, including contemporary design while keeping the highest standards in quality.Read More
One of Kerala's most sought-after locations for real estate and construction is Kochi, which is growing swiftly. Kochi, a tier 2 city, is now one of India's most well-known IT centres and offers a lifestyle that is ultra-modern. Real estate is increasing not only in the residential sector but also in the commercial sector as the city grows and more modern hotels, office buildings, and shopping malls are added. Since Kochi is easily accessible by road, rail, boat, and air from everywhere on the planet, it is a wise choice if you're looking to buy apartments there. As a result, local businesses and infrastructure have grown.Buying a flat or apartment in Kochi, whether as an asset or an investment, is a significant choice that needs to be carefully thought through. One of the most crucial aspects we take into account when looking for a place is to check the location of the place which we call home. Everybody wants to purchase their ideal home, replete with all of the modern conveniences.Perks of buying a home in KochiBuying an apartment in Kochi offers several advantages. The most popular trend in the city is luxury flats and apartments, and the bulk of them are situated close to Cochin metro stations and significant cities in Ernakulum. When working people from different regions of the country move to Kochi, they encounter a variety of housing issues. You should examine the benefits and drawbacks before purchasing a home or apartment in Kochi.1. Opulent features: As demand for upscale dwellings rises, builders are providing premium homes and apartments in Kochi with upscale amenities. Depending on your demands and budget, you have complete freedom in the facilities you select. Accessibility to your workplace and key roads should be taken into account since it affects your daily commute. Locations of stores and ease of access to transportation should also be taken into account. 2. Education and Employment: The facilities for learning and working should be considered when buying apartments in Kochi. Some of the most famous educational institutions in the nation are located in Kochi. Numerous foreign schools and institutions offer top-notch education in the city. Today, Kochi is a growing IT hub, with Infopark and Smart City offering a wide range of professional opportunities. Professionals and the general public can therefore find a variety of employment and business options in Kochi. 3. The perspectives on investments: When your goals are clear, choosing becomes quicker and more effective. If you've never invested before, you might want to start small. Kochi is a great spot to do so. Buyers now have the opportunity to take a chance on the real estate market because it is no longer a seller's monopoly. You can count on reasonable prices. 4. Affordable price: Kochi is a desirable location if you're looking to settle down with your family and purchase an apartment because there are many high-quality flats and apartment buildings there that can accommodate a range of budgets and come with the amenities you want. 5. Exchange of culture: Kochi is a cultural mashup, as was already mentioned. The majority of Kochi's upscale flats come standard with sizable community halls and clubs. This makes it possible for you to coexist peacefully with your neighbours and gives you a sense of security. Design is a skill that only a select few are gifted with. It requires great courage, drive, and enthusiasm. With our brand-new apartment projects across Kerala, Varma Homes is enroute to introducing an opulent lifestyle as part of its objective to "Constructing Happiness."We have always been committed to building happiness for our clients who believe in making a secure investment in happy homes for future generations. Over the years, we have maintained our exceptional quality and high standards, which includes only working with partners and vendors who share our commitment to excellence. We, at Varma Homes, work to satisfy all stakeholders, including clients, investors, and employees.Read More