If you are thinking of buying a home this festive season, it’s high time that you make your move. Christmas is an ideal time to buy properties. At the end-of-year, the vendors get to the point where they just want to sell. That's indeed a good news for potential home buyers, as it will be very easy to negotiate the prices for new homes.
Contrary to popular belief, go against the trend and house hunt when the others aren't looking, as people are mostly on holidays - that's in the month of December and January. Lesser people looking for new home means lesser competition, which equals greater flexibility in negotiations and also a better chance for securing a bargain.
The festive season can also be the optimal time to sell. Most buyers plan to move into their new homes before the New Year begins. Buyers looking for properties during the holidays are usually serious about purchasing and this could lead to a quick sale.
Holidays will possibly increase settlement times and also agreement conditions. It’s another great advantage of buying new homes at this time of year, as the settlement will often be in January or February.
If you're looking for an area that has an increased holiday population, the competition among the buyers may increase. And this could lead to offers that are higher than the home seekers’ original seeking price. However, demand can vary from area to area. The outer cities and more urban areas are most preferred by the residents.
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Varma Homes, the best builders in Cochin offering new luxury flats, budget-friendly apartments and residential projects in Ernakulam, Thrissur and Trivandrum always bring the best for you. If you are looking forward to buy flats in Tripunithura, then contact us today. Call +91 9645 88 33 33 for more details.
Mutual Funds/ Shares /Real Estate Confused between mutual funds v/s shares v/s real estate? Get to know how financing in real estate is more constructive than shares or mutual funds. At present time of rising inflation and cumulative costs, it has become very tough to preserve a good régime with a poor source of revenue. It has made persons keen to search for other alternative sources of revenues. While investment looks like a money-spinning choice for extra earnings but again searching too many available alternatives on the niche market is genuinely a hard-hitting job to pick the best among them. Mutual funds, real estate, gold, shares, etc. are some of the key investment choices that one looks into, but each has its own pros and cons. Pros & Cons of Real Estate Real estate can give you benefits like rental income, security against inflation and capital appreciation. If you have a plan to take a home loan, you will get full tax benefits against the interest as well as the instalments. When you invest in the realty market, it is time-saving and money generating which will give you various profits. Pros: Real estate increases in value over time. Convenient and more comfortable to invest and develop with other supplementary securities Concrete and substantial investment Offer remarkable inflation conditions Leverages in real-estate are harmless Cons: • Before finalizing the deal, requires a lot of homework about mortgages, insurance, negotiation, titles, finding the right investment property, etc.• Time-consuming if you plan to rent or sell properties• Capital intensive in nature• Real estate has low liquidity• It requires maintenance Pros & Cons of Other Assets over the Real Estate A share market, equity market, mutual funds are the gathering of buyers and sellers. It is a loose network of financial transactions and not a distinct entity of stocks or shares. Mutual funds are the best way for the average investor to purchase investments which would be too difficult to manage on their own. But the truth is that the stock markets/mutual funds are highly volatile and risky to invest. Let’s have a look at the pros and con of other assets: Pros: When needed, it can be easily transformable into liquid cash Gives investors broad diversification. Less capital intensive in nature The assets are controlled by qualified fund managers Cons: Investments made in these kinds of assets involves a higher amount of risk over real estate Management Abuses Needs in-depth knowledge and understanding while selecting good equity stocks If you wish to begin your investment with a very smaller sum and have high liquidity requirements, with steady investment, then mutual funds would be an excellent choice for you. If you have a significant amount in hand for the down-payment and have very long-term investment goals, then the real estate can give you good returns along with a steady rental income. On the whole, financing in real-estate is less risky than equity shares or mutual funds. To invest in real estate is always an excellent choice, a solid and physical asset will always give immense satisfaction and big mental comfort over other financial assets like a mutual fund or stock. Obviously, mutual funds and stocks are also lucrative, but the risk factor is bigger. On the other hand, real estate is safer and the price of property always goes up after a few years. So returns are almost guaranteed. If you are looking for a property in the prime cities of Kerala with future returns around 60 lakh to 1 crore in five years, then you can come to the Varma Homes. We have ready to move, ongoing and new launch projects in Kochi, Trivandrum and Thrissur. By investing at our projects, you will definitely get a guaranteed return. Our homes are designed for a lifestyle of comfort and convenience and also you can find a range of thoughtfully handpicked amenities to enjoy commutable city living. So get in touch with us to know more about our projects and avail the early bird surprises that await you!Read More
If you want to increase your riches, entering into the business of real estate has always been a tried-and-true tactic. It's among the few investments that will thrive during a boom and then be securely maintained during a downturn. When it comes to selecting a great property that will be profitable, there are no special tactics or formulas to follow; it's simply a matter of using common sense. Investing in residential real estate is a popular way to put your money to work. Whether you're planning on buying a house for yourself or planning on doing investment, you must know the golden rules of investing in residential real estate. Here we've compiled a list of the golden rules in real estate to remember before investing, regardless of how big or small your investment is. Rule 1: Perception Vs Reality in the Housing Market When it comes to real estate investing, there is a big difference between perception and reality. While most people that get into the world of residential real estate investment have beneficial experiences, some people that get into the market for the first time will find things the hard way. So, before putting any money down, it's a good idea to do some research on a few properties and the surrounding area. There should always be strong demand impulses to help your investment appreciate in the future. Education institutions, proximity to public transportation, ease of access, a wide range of current amenities, and planned future improvements are just a few examples. Rule 2: Before Entering a Market, Learn About Its Current & Future ConditionsThe real estate market is not something to overlook. Before getting into it, make sure you understand everything there is i.e. know about the existing and future market conditions. Understanding your investment goals before buying real estate can help you make an informed decision on whether it’s right for you. When investing in the real estate business, you must understand what is happening in the marketplace so that you can make decisions accordingly. Rule 3: Pick a Healthy Real Estate Market & Carefully Select Location Real estate has always been a lucrative business, with plenty of opportunities for success. Yet, not all real estate markets are the same. To determine the best market to invest in, you need to consider several factors. The type of property you want to buy also matters when it comes to markets. For example, if you're looking at buying an apartment building or commercial real estate, then location is more important than the rest of the market conditions. Also, another factor is the employment rate. How many people live in your area and what type of jobs do they have? Are they mostly unionized or non-unionized workers? Do you have many people working in manufacturing or retail, or is it more service-oriented? You need to know this information so you can determine if your market will be able to support the kind of investment you plan on. That is, if the apartment you buy is in a high-demand area or is near to an industrial or educational area, then you have the possibility of renting an apartment. Or you can buy homes to resell them at a higher price later on, etc. That is, some locations will keep your property occupied at a premium monthly rental rate while also making high capital gains. While others will produce exceptional rental returns or are better suited for long-term capital gains rather than rental revenue. So, always select a location while keeping the city market and investment concept in mind. Rule 4: Seek Out Demand Drivers Before confirming a buy, potential buyers who have done their homework will always enquire about the demand factors that set it apart. As a result, always look for your apartment with the demand drivers in mind. New shopping malls, complexes, or towers, for instance, can be a prospective housing market with excellent rental income and capital appreciation. Infrastructure development, such as flyovers, metros, or new roads, as well as commercial hubs, can all be growth drivers. Because housing demand tends to rise in the medium to long term, these places could be a goldmine for you. In the meantime, you can supplement your income by renting a home.To summarize,When you invest in a home, you are making a big commitment. This is why it’s important to remember the golden rules for investing in residential real estate. If you follow these rules, it will be easier to find a property that offers high returns and low risk. So, contact the best real estate builder for your investment when it comes time to building your dream home. If you are looking for the best apartments in Kerala to invest in, Varma Homes is the right choice. Varma Homes offers a range of 2BHK and 3BHK apartments in prime locations across Kerala. We are one of the best residential apartment builders in Kerala and can assist you with all your real estate requirements. So don't wait anymore! Contact us today by visiting our website or giving us a call at +91-9645883333.Read More
When searching for residential property in the niche market, it is significant to remember that you have to consider not only the quality of the property but also the quality of the neighbourhood also. Based on the location of your property, your home’s value can rise or fall dramatically. To help you make a better decision, here are 5 of the key features that a neighbourhood must-have for your apartment to get a higher value. Good Base for Infrastructure It is one of the inevitable features in a neighbourhood and it makes a locality extremely eye-catching to potential buyers. The approach roads to your neighbourhood, as well as the roads in and around the region, make a huge impact. Infrastructure plays a key factor for homebuyers in selecting a property as their residential investment property. The potential buyer will never be ready to purchase at a reasonable price if the infrastructure is poor. Proximity to Education It is one of the most important neighbourhood features to consider when selecting an apartment. One of the important parts of your child’s upbringing is education. Hence, families with school-age kids will be tending to go for residential properties that are close to schools. Do research the available schools in the locality will be a substantial variable which can upsurge your rental rate and considerably influence the whole appreciation of your residential investment property. Access to Reliable & Fast Public Transportation Everyone leads a busy schedule and they often need to commute from one place to another daily. Easy ways for moving in, out and around a zone are crucial to residents. Right from commuting employees to students who need to move from home to work or school, public transportation is the significant upgrade to any locality. A well-serviced bus stop, metro station or nearby railway station will enable residents to easily move from one area to other. Likewise, as many people are starting to embrace sustainable lifestyles, the demand for close public transit is also growing. The apartment property that accesses to fast and reliable public transit will draw more populaces than the property that lacks them. Close Proximity to Health Care Services Having access to hospitals to meet any medical emergencies is the key aspect when it comes to considering the locality of an apartment before buying it. Even though it is not needed daily but proximity to hospitals can save a life in case of an emergency. So consider the closeness of health care facilities when selecting a residential property. Great Neighbourhood Entertainment Options, Shops & Dining Markets- Markets, shops, restaurant and entertainment within reach are also among the vital neighbourhood amenities you need to consider when investing in residential property. Having markets, restaurants and shops near the apartment property makes it easier for tenants to get goods and services they offer, closeness to restaurants and shops can be a signal that vicinity will grow in value in the future. When it comes to purchasing your dream apartment with excellent neighbourhood facilities, all these factors can play a significant role in your verdict. If you are in search for your dream home with good neighbourhood then explore Varma Homes portfolio of apartments in Trivandrum, Kochi & Thrissur. Being the top builders in Kerala offering best residential projects strategically located at key locations of Trivandrum, Kochi & Thrissur to ensure unparalleled living experience. So get ready to experience a new level of happiness by living in the house of Varma Homes. Enquire now for the best possible deal and get your dream apartment in your favourite location with its full conveniences and comfort. Discover relaxed living in our quaint community at Varma Homes Apartments. Get in touch today to schedule your personalized tour.Read More
Everyone strives to achieve the key milestone of home ownership. And it becomes a notable accomplishment while purchasing a flat in Trivandrum. Despite being the capital of Kerala, Trivandrum is still expanding both vertically and horizontally. There is a tonne of residential developments underway throughout the city, which gives homebuyers a tonne of options since the real estate market is booming!With miles of tranquil beaches, several lakes, and eco-tourism in the enigmatic Western Ghats, Trivandrum is renowned for its natural beauty. However, prospective homebuyers are attracted to Trivandrum just as much as tourists are. Given all the city has to offer, it is understandable that those looking to purchase apartments choose Trivandrum.Since it became the capital of the Kingdom of Travancore in 1795, this historically significant city, with roots dating back to the tenth century, has been linked to the aristocracy. Trivandrum's continuous status as the nation's capital even after independence has resulted in great infrastructure being in place as well. In addition to having some of the best multispecialty hospitals in the country, the city is also highly renowned for its top-notch educational institutions and medical travel.Trivandrum, the capital of Kerala and the second-largest city in the state, is constantly expanding in terms of real estate investments as a result of the numerous factors listed below:IT HubMore than 350 businesses and organisations with almost 60,000 employees are based in Trivandrum's Technopark, the city's information technology centre, which opened its doors in 1990. The city's current expansion, which includes the addition of 37 hectares of land as part of Phase IIII extension, is largely owed to its well-established IT hub.A Growing Job MarketAs was already said, Trivandrum is a rapidly expanding IT centre, home to large international corporations like Oracle, Infosys,TCS, UST Global, Confianz, etc., which has increased work prospects and drawn many IT professionals from throughout the state and nation. not to mention the expansion of other industries. In consequence, this has significantly increased the city's real estate market.Upcoming developmentsThe Trivandrum Light Metro is a suggested name for the metro train system that the Keralan government intends to build. It will be one of the major city developments, boosting the real estate market and the local economy. The well-known Vizhinjam harbour project will also fundamentally alter the course of the city's development once construction begins.Social InfrastructureTrivandrum has everything, including international schools, colleges, multi-specialty hospitals, and world-class shopping malls.Natural HeavenTrivandrum, like most places in Kerala, is endowed with stunning landscapes and water features. The city is renowned for its beautiful weather and less polluted surroundings.LifestyleThe city has become increasingly active as a result of the rapid growth in the number of retail malls and centres, multiplexes, multinational food chains, and other commercial hubs, giving it a multicultural, cosmopolitan culture.Home loansThe banks are currently offering the lowest interest rates on house loans ever, making this the ideal time to purchase apartments in Trivandrum. Most banks now provide home loans with interest rates as low as 7% as a result of RBI's numerous repo rate reductions. Before applying, make sure to check your CIBIL score. CIBIL scores between 750 and 800 entitle you to very reasonable EMIs for the duration of your loan.PerksA significant amount of merchandise accumulated during the pandemic with few serious purchasers in between. The majority of folks preferred the wait-and-see strategy. Builders need money to continue forward with other projects, but because sales have stagnated, the majority of builders are providing incentives to get customers to commit. As a result, homeowners now have more negotiating power and a large number of "ready-to-move-in homes" are offered at "under-construction" prices.Market for BuyersAt prices in the inexpensive class, you can readily find high-quality properties. This is due to the buyer's market we are currently seeing, where strong projects may not provide substantial discounts but may instead include free amenities like parking or more favourable repayment terms.Market BoomA boom in the property market and its pricing is anticipated soon since Technopark will need additional high-quality residences to accommodate the well-travelled personnel of upcoming MNCs.This is the ideal time to make a real estate investment, thanks to a recovering economy and job security. The majority of individuals learned the value of having tangible belongings and a place to call home throughout the pandemic. They also started to think more about investing in reliable assets and ensuring the safety of their family. The investment returns from purchasing a flat are also certain, as rental incomes are expected to steady.Due to the rapid market change, now is the ideal time to invest in or purchase residential properties, flats, and apartments in Trivandrum. One of Trivandrum's most reputable and trustworthy builders, Varma Homes, provides high-quality residential buildings with top-notch amenities in excellent locations.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