Buying a home is a major decision in one’s life. And there are obviously a lot of things to be considered, other than the financial constraints involved in it. A huge sequence of myths must be debunked that are not true before you actually think of purchasing a home, which will ultimately demotivates you completely.
The home buyers are bound to be clouded by the following most common myths:
Both financially and emotionally, home-buying can be a tough job as it is very important to buy a home that cater all your needs and wants. But it is not compulsory to look for a house that will fulfil all the things in your dream home wish list.
A few tiny changes like changing the wall paint colour or adding an extra storage space can be done so as to transform the new house into your dream home, no matter whether you buy villas or new apartments in Kochi.
These are the basic remedies to resolve the trivial issues that arise after you purchase a house. A home buyer must consider the crucial aspects of a house like the location, its price, space, design, architecture, amenities, etc. well before he actually purchases it.
Some say it’s better to purchase a house and some say it’s cheaper to rent a house. The renting vs. purchasing has been a never ending debate. This decision completely depends upon the various requirements of the home buyers.
If you are planning to make an investment, then buying a home is always the best option. But if you are planning to settle in for a shorter period of time, then renting a house is a better option than buying.
Thus, owning a home is an investment, while renting is merely a living expense.
Similar to renting vs. purchasing; owning plot vs. buying flat has also been a never ending debate. The decision on whether you should purchase a plot of land or buy an apartment/villa absolutely depends upon one’s personal preferences.
It’s up to you, whether if you prefer to buy a piece of land as a real estate investment and plan to set up your dream house there in the near future or purchase apartments in Kochi.
Buying or investing in anything is indeed a risky business. No investment is 100% risk free; whether if it is gold, market shares, mutual funds, bank deposits or real estate.
The fact is that every type of investment has its own pros and cons. A clever home buyer will scrutinize the pros of buying a home and work a way around the cons.
But if you are planning to purchase a house from the reputed and reliable builders in Cochin, then you can be guaranteed of making the right real estate investment decision.
By now, you would have known about the most common home-buying myths. It’s high time that you debunk all the above mentioned myths and then go ahead with your plan of purchasing your dream home. Varma Homes wishes you a Happy Home-Buying!!! ???
If you are someone looking for ready to move flats in Cochin, Varma Homes has got a wide range of luxury apartments in the various prime locations of Kochi.
The most dependable and trustworthy builders in Kochi, Varma Homes’ prestigious project of Varma Maalika in Tripunithura is to be inaugurated on 25th of February just after the inauguration of Varma Regent at Edappally that had recently held on 28th of January. (Hurry up, only a few units left!)
Varma Kottaram, Varma Padippura in Kochi, Dr. Pais Heritage in Trivandrum and Varma Spectrum in Thrissur are the ongoing residential projects. And many other residential apartment projects in the major cities of Kerala including Kochi, Thrissur and Trivandrum are in the pipeline.
Invest in real estate or invest in shares? You may have often wondered which the best form of investment is. Both have an image of being lucrative, but which is the better option? Is it better to invest in shares, or should you consider purchasing real estate instead? There are many options available when it comes to investing. The two most popular ones are real estate and stocks. But, many people find it difficult to choose between the two and often end up choosing both or none at all. Real estate and shares are two valuable investments. When it comes to buying real estate or shares, the ultimate choice is yours. Both entities will give you a financial return on your investment (ROI), but they can be different in many ways.Real Estate Vs Stocks in KeralaIf you understand what you've been doing, stocks can be a wise investment. You don't need a large sum of money to make investments in stocks and shares. There are several ways to do so, covering everything from mutual funds to using a share broker. You can also buy a stock market tracker or invest in equities. When you buy stock in a firm, you are truly purchasing a part of the company's ownership. Because of this, the value of your investment will increase or decrease depending upon how the company performs. In reality, stocks have a downside. They're a bit more dangerous, when you're buying stocks you end up with an excessive amount of risk exposure.On the other side, real estate is a highly accessible investment in many dimensions. You can estimate its worth and assure that you'll be able to earn the profits you desire. It's a tangible asset that comes with a slew of advantages, involving cash flow and appreciation (as do some share investments). As well as leverage, which allows you to grow your investment by borrowing money from the bank. This, blended with real estate's ability to function as a long-term hedge against market volatility & inflation, creates a powerful combination. And thus, makes it one of the safest ways to accumulate wealth, keep it, and even pass it down to future generations. You can either lease property for others to use it or buy property and rent it out yourself. Despite a few setbacks, it remains the best investment opportunity and will continue to develop in the future. Because of considerable economic growth, the average pay in most Kerala cities has improved. This provides everyone with a reason to plan for the future, making real estate a great investment alternative. Real estate has a weak correlation to the other major asset classes, i.e. even if the economy experiences a slump, stocks or shares may stop providing dividends, real estate counteract any severe economic downturn. To sum up,Long-term planning for the future is often difficult, but it’s necessary if you want to be successful. This is particularly true for people and families that are looking to invest their money. Making a real estate investment can help provide a steady stream of income and create peace of mind in the long term. Real estate has consistently outperformed the share market over the last few decades. It's performing admirably and has persuaded investors that it is a sound investment. If you are looking to make money through your investments, then real estate is what you want to go with. It is better than shares, because the return on your investment will be much higher. The prices of real estate are increasing every year and if you invest now, then you can expect a high ROI (return on investment). So, if you are looking to buy an apartment in Kerala, then you can choose Varma Homes, a trusted builder in Kerala. Varma Homes is a renowned real estate builder in Kerala that offers residential properties at best rates. You can choose from an array of options to suit your requirements and budget. We have our apartment projects in major cities, such as Kochi, Thrissur, Thiruvananthapuram, and Kozhikode. Choose the one that suits your needs best! Contact us today for further information or visit our website for more details!
Read MoreIt is possible that, as a first-time buyer while deliberating on purchasing a dream abode, choosing an apartment will cause you to second-guess your thoughts. After all, it's your hard-earned money and the secure future of your family that’s on line. There was once a time when different builders had different standards and principles applied to the purchase of an apartment, stirring confusion among home buyers. This is the reason why the Indian government brought about a revolutionary change in 2016 to safeguard the interests of existing and potential buyers. The Real Estate (Regulation and Development) Act was enacted in 2016 and the Real Estate Regulatory Authority (RERA) was born. The Kerala Real Estate Regulatory Authority (KRERA) was founded by the Kerala government to regulate and enhance the real estate industry in the state. KRERA is the new real estate champion, supporting accountability, citizen-centric policies, and greater financial discipline while defending the rights of investors. This Act is a sigh of relief for consumers as it makes real estate dealings transparent. Here are the positive RERA ACT benefits for why you can confidently buy an apartment now:? Exposure to comprehensive informationOne of the most essential benefits of RERA for house buyers is the right to property information. You get thorough information about the property that you are purchasing as a home buyer. When it comes to making prospective selections, this type of knowledge can be quite useful to a purchaser. The developer or builder should share with you all the project information, such as the layout plan, building phases, action plan, and completion status. ? A normalised carpet areaThe carpet area, or the area of the apartment apart from the width of the inner walls, is the space that can actually be covered by a carpet. Prior to the RERA Act, builders used their own technique or calculation for estimating the carpet area of a unit or property. RERA, on the other hand, has codified or standardised how a builder determines the carpet area. As a result of the RERA Act's implementation, a builder must now specify how much carpet space they are providing. Property prices in India are now determined by carpet area. ? No more holdups in projectsThe possession date for each flat must be specified by the property developer. The developer will face a flurry of penalties if the project is not completed by the deadline. If the developer fails to deliver on the specified date, the buyer has the option of either withdrawing from the project and receiving a complete refund, including interest, or continuing to work on it and receiving reimbursement and interest. ? Control over advances One of the great benefits of RERA is that a builder cannot charge more than 10% of the cost of the flat as an advance or application fee before entering into a sales agreement. ? Flaws are held responsible If a buyer discovers any flaw or problem in the structure, quality, or service of the flat within 5 years of ownership of the flat, the builder is required to rectify the deficiency within 30 days at no additional cost under the RERA Act. The buyer would be able to claim compensation if the builder failed to correct the fault. ? Mending broken promisesThe buyer has the right to litigate if the builder's obligations or promises regarding the actual project do not match. The buyer then has the right to decline the projects and receive a full refund of the initial deposit, plus interest and compensation. ? Approval before selling offBuilders may have sold projects without the necessary permission in the past. This is not the case under RERA now. Builders and real estate brokers will be obliged to register with the authorities, providing every detail about their projects, and only then will they be permitted to sell them after receiving the necessary approval. ? Prohibition to deviate fundsTypically, a developer will be working on multiple projects at the same time. They used to be able to divert funding between projects as they pleased. After the implementation of RERA, this will no longer be possible. The builder must set aside 70% of the project's proceeds in a separate bank account. He can only withdraw money from such an account after the project has been completed and certified by a civil engineer, an architect, and a practising chartered accountant. Because the funds can no longer be diverted to other projects or used for other purposes, they will be used for their intended purpose. ? Fast track grievance redressalComplaints against a builder can be brought to the state body established under RERA, which will have the jurisdiction to resolve all. If you disagree with the order, you may appeal to the Appellate Tribunal, which will resolve your case within 60 days. It will keep track of the reasons for any failure to do so also. The Varma PromiseWe at Varma Homes understand the buyer’s requirements and concerns. Therefore, all of our projects from the year 2019 are KRERA approved, following the industry norms, and are delivered as per our given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-won endeavours and investments of many. If you aspire to buy an apartment in Kerala, Varma Homes is all set to take you ahead. We are a renowned real estate builder who specialises in providing accessible residential properties. You can select from a variety of alternatives to meet your needs and budget. We started with residential construction in Kochi and have since expanded to Trivandrum and Thrissur. Our major launches will be coming soon in Calicut and other important cities. Choose the option that best meets your requirements! For additional information, please contact us at 9645 88 33 33.
Read MoreAnother year is coming to an end, a new year soon begins! The beginning of the year is the time for fresh starts. If you have any plans of owning your own home in the heart of Kochi to celebrate this New Year and to arrange a party inside your apartment for like-minded people, then head off to Varma Homes. You can get the best apartment in various zones of Kochi. Owning a home is dreams come true in anyone’s life, as it is the most valued possession and a lifetime investment. For this, you have to choose the right builder with the good track record. Celebrate This New Year with Varma Maalika I Varma homes, the leading builder in Kerala with a proven record of accomplishment and years of expertise. We always maintain to keep promises to our customers. One of our major ready to occupy apartment furnished for the NEW YEAR 2019 is Varma Maalika I which is situated in the most tranquil living environ of Kochi, Tripunithura. It is away from all the hustles & bustles of the city, but it has close proximity to all urban development, which includes numerous educational institutions, shopping malls, temple, multi-specialty hospitals etc. It is perfect for those who need a tranquil life. This project offers exclusive 2 & 3BHK luxury homes ranging from 890sq.ft to 1310 sq.ft with the perfect blend of opulence and comfort. The luxury budget home is built with love, filled with extra comfort, and are designed to create happiness among people. Each wall, nook, & corner of this apartment has a story and offer true love, happiness, and comfort. Welcome this New Year with Varma home and bring more joy and peace to your life. A new home means an electrifying new beginning, new friends, and new environs to explore. If you are ready to purchase our ready to occupy apartment Varma Maalika I or wants to know further about Varma's Maalika contact us soon and avail the big surprises that await you in these holidays! Why We Stand Out Unique From Others? We perfectly comprehend that this industry is one among the most competitive spheres. Therefore, we put our best to bring advanced luxurious apartments and flats to our clients to align with their demands and to reflect their lifestyle. We always created milestones by making new success stories to our journey by constructing excellent spaces with outstanding superior quality, services and focusing on fulfilling the desires of our employees. We are confident that we can continue our successful journey with our uniqueness from other builders. We remain unique from others with our insights and unique styles. We can proudly deliberate the skill sets that make us unique from others are: . Customised solutions . Zero compromises on Quality . Professionalised work execution . Transparency in dealing with clients . Reliability & Timely delivery . 100 % Customer Satisfaction . End-to-end execution Varma Homes emerged as the pioneer developer for delivering various apartments across Kerala. We are now in 3 major cities of Kerala which include, Kochi, Thrissur and Trivandrum. We are now on a mission to construct happiness by building new apartment projects for different regions across Kerala. Enjoy this New Year with Varma Homes, Book now and benefit early bird offers!!!
Read MoreBuying a new property can be a very challenging task, as for a newly constructing property you will have to work along with the property builders. While buying a previously owned house, you can easily get enough and more information regarding it. The flat builders with whom you have decided to work along or to buy your new flats from, make sure to get their complete details and do not forget to check the builders’ background or previous construction history. The following are the most common mistakes that people make when buying a new property: 1. Lack of Proper Research The most fundamental step in buying a new property is research. Select a city based on your preference and make the basic enquiries about its vicinity, safety, infrastructure and development of the area in the near future, etc. The home-buyers have a tendency to listen to other’s opinions and forget to do this crucial step. 2. Consider Pros and Cons Getting first-hand information is always better than relying upon secondary resources. Look for the lifestyle of the area to best suit you and your needs by checking the proximity to local markets, malls, schools and hospitals. These are the basic requirements to consider if you are planning to move in with your family. Varma Maalika and Varma Regent of Varma Homes are the ready to occupy flats in Ernakulam which have already received an overwhelming response from the public. Both these carefully built apartments are accessibly erected in the prime residential areas of Ernakulam city. The new luxury apartments of Varma Maalika in Thripunithura, specifically positioned at S.N. Junction is proximate to almost everything. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more. Varma Regent’s luxury flats in Edappally is nearby to all the prominent healthcare centres, famous educational institutions, popular hangout spots and other major commercial developments. Apart from the proximity to Lulu Mall, its easy access to Metro Station is an added advantage of Varma Regent. 3. Don’t go beyond your budget Don’t forget about your financial status when buying a new property. Plan your budget accordingly and apply for a home-loan in advance to avoid any unpredictable financial crisis in the future. This is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. The Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available. 4. Verbal Promises Don’t fall for the verbal promises of your apartment builders, later on you may face the challenge of not having your dream home built the way you wanted it to be. So in order to avoid making such a mistake, visit the worksite personally during the construction and afterwards. Varma Homes strives to uphold their promise ‘Quality Assured Affordable Homes to All’ in every residential venture that they undertake. It is the essence of their mantra ‘Constructing Happiness’. The top builders in Kochi guarantees prompt delivery of their projects, as the motto of Varma Homes itself says “Varma Promises Timely Delivery” and they also complete their projects on time. For an instance, both Varma Regent and Varma Maalika, the residential projects in Kochi (Hurry up, only a few units left!) were not delayed, instead it were delivered well before the agreed dates and their present clients are immensely satisfied with their ready to move flats in Cochin. Always choose the most dependable and trustworthy home builders when buying a new property. Varma Homes is one of such reputed builders in Cochin.
Read MoreWhen 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.
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