As our nation is fast-moving from developing to a developed one, affordable housing is essential for living. The lack of non-availability of land, substantial land prices and the increasing housing prices have now become the driving factors for the significant demand for compact homes. Most of the nuclear families in India preferred for compact homes, as the large space is not in their priority list. They don’t like to spend their hard-earned cash on those unnecessary spaces. On the other hand, they opt for a compact home which helps them for additional investment expenses. Compact homes are easy to manage for the nuclear family, yet large enough to put up the future of their children. With growing urbanisation and migrating employees, the demand for small and smart homes is also on the growth. Migrating employees like to settle in a flourishing city for good. Progress in rural infrastructural development and government concentrating on affordable housing programs below their agenda of housing for all before 2022, the compact housing scheme has become one of the most significant aspects in today’s picture. So let’s check out some advantages of a compact home, which are making it a smart choice for home buyers.
Living small takes creativity, ingenuity and flexibility. A big home may be a dream for someone, but a smaller home may be the smarter and the flexible choice for those who need to save money and time. Now various reputed builder is developing compact homes with all the luxurious amenities that one could think of in big homes or villas. In place of constructing it in the house itself, they are building community-based homes and offering facilities for the whole community. This is the safest and smarter choice, as many buyers are looking for small compact houses to live at their favoured location, nearby conveniences, and the best thing is they get it at a reasonable price. What are you exactly looking for? Are you looking for such budget-friendly compact apartments in Kerala? If you are looking for your dream compact apartment housing project in Kochi, reach out to us, Varma Homes, the trustable name. One of our ongoing compact apartments in Kochi is Bougain Heights, located in the most tranquil living environ of Chottanikara. It is a 2 BHK & 3 BHK compact apartment with all the modern amenities including fully automatic lifts, intercom facility, children’s play area, gymnasium, firefighting system, 24/7 power backup, 24/7 water supply, surveillance camera, security, car parking, landscape garden, conference room and breath-taking surroundings with spectacular scenic view of nature. All together Bougain Heights is simply the budget-friendly compact homes with comfortable living, tranquil nature and beyond values. Give us a call to book this stylish apartment and make way for tomorrow’s soothing living!
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
Yes, it is clear that the real estate developers and homebuyers were the biggest winners in the Budget 2019, and therefore the industry's housing extents may see a commendable shift. Real estate experts welcome the tax benefits and the various exemptions declared within the Interim Budget 2019 are probably upsurge the demand for real estate and in the affordable sector. The Finance Minister Piyush Goyal presented the budget on February 1st, the real estate industry had the major reason to happy as various direct, and indirect measures were proposed for the damaged sector. The property area, which has been fronting a number of multi-year demand slowdown, particularly with falling sales, may profit significantly from the new proposals of this budget. Let’s check out what real estate gained in budget 2019: No need to worry about two self-occupied houses - People who own up to 2 self-occupied properties do not need to pay any notional rent tax on them. Exemption of notional rent on the 2nd self-occupied house can give extra savings within the hands of the second home purchasers and will additionally boost the capitalist activity within the sector. Considering the problem of the middle class has to take care of families at 2 locations on account of their job, care of parents, children’s education, this move will offer a space to save more on housing taxes. Many folks would additionally request choices to purchase for homes after this rollout of the new benefit in housing investments. Capital gain advantages on 2 housing investments -The good thing about the change of capital gains underneath section 54 of the Income-tax Act is going to be boosted from investment in one residential house to 2 residential house for a taxpayer having capital increases up to Rs 2crore. This profit will be availed once in a lifetime. This reinvestment of capital gains in 2 homes, is expected to increase investment in residential real estate zone and make this market more attractive. TDS threshold for the tax deduction on rent hiked - The TDS threshold for deduction of tax on rent has been proposed to be increased from Rs 1, 80,000 to Rs 2, 40,000, which provide much relief to small taxpayers. Therefore, this move will definitely drive up the sales of affordable housing. Relief for housing developers & home buyers- The Interim Budget 2019 will offer abundant chances for the homebuyers to invest. Extension of the exemption limit for taxpayers will upsurge the purchasing capacity of the homebuyer, thus providing a path to attain ‘Housing for All’ vision. In addition, builders do not have to pay notional rent on unsold flats for two years after the year in which the construction is finished, which is a great step. Income tax rebate-The tax rebate concept helps Individual taxpayers, those having taxable annual income up to Rs five lakh can get the full benefit for the tax rebate and so won't be needed to pay any income tax. This proposal can facilitate in increasing the budget of house buyer’s and might give a giant boost to the demand for housing. The budget offers additional income within the hand of the residential land client, encouraging them to push their budgets up for brand spanking new homes, whereas conjointly providing tax incentives for finance in a very second home. It ought to increase demand in the residential niche market. The much-awaited auspicious time of the year is here, when persons look forward to spending cash on several kinds of stuff, especially homes and golds. Because of this favourable budget 2019 of Government, the real estate market gets a big boost and the homebuyers gained more benefits. Therefore, it is clear that this 2K19 is the perfect year for both housing developers and homebuyers. Experts say that there cannot be a better time to buy a house than now. If you have any plan for buying your dream home in your preferred location, then it is the right time. Also, you no need to worry about choosing the right builder; here is your solution Varma Homes, the best builders in Kochi. We building living spaces that truly matters your happiness. You can catch your dream apartment with us in the major prime locations of Kerala. So hurry up, now the decision is up to you…Read More
The desire to have a place to call home is what provokes the majority of people to own an apartment. But sometimes, they are stuck in the EMI vs rent dilemma and hence they are hesitant to take a good decision. Many questions may arise, such as whether it is sensible to pay more for an EMI when I can rent it for a significantly lower price, or whether I can handle the bank loan interest, and so on. Yet, in the end, most people choose to settle down in their own home. Now it seems that the residential real estate industry is at its best now with several favourable factors that force people to buy an apartment in their favourite location. People can access loans at historically cheap interest rates now. Owing to the RBI's decision to lower the repo rate, home loan rates have fallen below 7* percentage, compared to 8-9* percent a year ago. If you have adequate monetary wealth, you can purchase an apartment. Though, if you do not, then also, you can try to purchase a home with EMI. After paying high monthly rent, you will eventually buy your home. Paying EMI is better than paying high monthly rents. After all, finally, you have your own property to call "Home". In the case of renting, rent is a monthly payment that does not result in the creation of any physical asset. Paying EMI, on the other hand, has important impacts: it not only gives you present shelter but also advances the proportional possession of the property. While it is true that renting relieves one of the stresses of EMI payments, property taxes, & other legal concerns that come with owning a home. Unlike apartment owners, renters do not have to pay for maintenance or repairs, & they do not have to pay property taxes. However, owning a property as an investment might save you a significant amount of cash, thereby leaving you to build equity and also the appreciated land value will promise you a huge return on your investment. Make the Correct Decision! Owning your own home is desirable, & the time is when you can afford it. Affordability is usually a crucial factor when it comes to purchasing your own home. As a rental, you will not find a decent property for less than 15-20k rupees in a good area, so even if you stay there for 15 to 25 years, you won't have a home to call your own. However, if you buy it with a home loan, you have a home of your own; you won't have any trouble settling down when you retire, a home increases your net worth & credit score, your future generations have an edge over others, and so on. Without a doubt, owning an apartment is a worthwhile choice rather than renting one. Renting does not allow you to build equity in the same way that buying an apartment does. Also, your rent could increase at any time. You're perhaps under the control of your tenant, who may order you to leave or defer repair demands. But, when you take out a loan to purchase a home, you're already mindful of the EMI you'll have to pay over time. But it is worth than renting. Let's look at a real estate property in Kochi as an example. Consider the following scenario: You need to pay 20K average in rent to get a housing, with around 5% increase in rent per year. The rental range will increase in the next ten years too. On the other hand, if you purchase a nice apartment for 40–60 lakh & pay an EMI of 30K with today's lower loan interest rate for a period of 20 years, you will save a huge amount in the long run. Also, it might be possible that in twenty years, the price of your apartment will also increase. So, think about whether you want to invest in it. That is, do you want to pay around 2.5 lakh in rent per year or do you want to own a house that will be an asset to you? Wrapping up, In fact, renting has its own set of benefits, such as flexibility, HRA, & lower monthly costs, among others. But when it comes to apartment ownership, it offers a long-term investment with the potential to create equity & raise the value of your house over time, as well as tax benefits & the option to transform your home into a source of income & integrate yourself into your community. Furthermore, by taking the step of purchasing your own home, you provide greater stability for your family's lives as well as their social lives. Besides, the sense of security & pride that comes with owning a house is unrivalled. And it is better to own your dream apartment through a mortgage, since it'll be all yours after a few years & you won't have to pay for it. But a rental house will always be for rent & you'll be paying for it for as long as you live there. Hence, it's quite obvious which option is the greatest. So, don't get caught up in the buying vs. renting debate any longer! Buy your dream home with Varma Homes, one of the leading builders in Kerala, offering apartments in Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode with top-notch amenities.Read More
Are you dreaming about owning your dream home in the heart of a city? But confused if you should invest in an independent house or an apartment. Here are some of the points that will help you to choose your dream home. Choice of Locality In a metropolitan city like Kochi, we have seen that the accessible open spaces are getting depleted by real estate builders and their projects. This is because of a major number of people moving into the city and hence their increase in the demand for houses. But the lack of space availability is the major concern to those people who like to find a house close to their workplace, kid’s schools, hospitals or other accessibilities in the heart of the city. So finding a plot to build your own independent house might be a tedious chore. Instead, you can be able to find a huge number of choices in apartments across the city. So it is very easy to find a dream home that meets all the essential requirements of city life like proximity to the office, schools, hospitals, shopping malls and other social infrastructure. Ready Availability vs. Flexibility When you construct a personal house, you've got the freedom to decide on the planning, entire construction of the house and in future, you can easily upgrade it upon your tastes. However, with apartments, you might not be allowed to form any alterations to the most construction. You can, however, prefer to splurge on the inside style to convey it your personal bit. If you build a home on a plot it'd take a substantial quantity of your time for the development to be completed. In terms of the apartment, if you select a reliable builder with RERA registered you've got the peace of mind that you simply would get your home among the stipulated time. And with apartment, you merely need to pay the worth of the property and also the builder would beware of all the construction work and timely delivery. You do not have the trouble of finding architects and contractors to assist you to build like individual homes. Amenities Most apartments offer a variety of amenities to its residents. They are swimming pool, fully automatic lifts, clubhouse, health club, water filter, sewage treatment plant, solar energy utilization, children's play area, rooftop party area, intercom facility, video door phone, surveillance camera, fire fighting system, caretaker’s room, driver’s room, provision for 24 hrs lift, power & water supply facility. So purchasing an apartment property comes with these added values whereas an independent property needs extra effort for setting up of these services. Moreover, various housing projects also deal with additional on-call assistance like housekeeping, laundry, medical facilities, electrician, plumber, cooks and others. Whereas in case of an independent house, a homeowner is needed to take a considerable amount towards putting in these facilities and its maintenance. Privacy vs. Safety There is no doubt that the privacy that a personal house offers is kind of one thing. This is not meant that apartments are lacking. But the common areas in the apartments would be accessible to all the residents. However, one key factor draws most of the home consumers to apartments is round-the-clock security. That is apartments come with 24*7 manned security guards, surveillance cameras and monitored visitor management system. Also, living in a community adds to the safety factor as having a lot of neighbours around will solely helpful within the event of an emergency. Home Loans If you are applying for a home loan then it is easier to get the home loan for an apartment over any individual home. The lending is difficult in the case of independent properties whereas apartment housing projects have pre-approved loans from lending institutions which make it easier to secure home loans. Read more about pre-approved loans in our article “opt for pre-approved home loan & take a step closer to your dream home” & know its benefits. Resale Value Nowadays the demands for apartments are very big across major cities. Even in smaller cities, home consumers prefer apartments over individual houses. This shows that resale of apartments is likely to be easier over independent houses, further bringing greater resale value. Tax Benefits When you decide to take a home loan to purchase an apartment, you are entitled to tax benefits. When it comes to individual homes, the residents will avail a loan for the purchase of land besides as construction of the house. However, tax exemptions can't be availed solely on the acquisition of the land. It is difficult to say which one is better, as each has its own pros and cons. So the decision must be based on the choices that would suit you and your family. It is clear that based on the current housing scenario, it is more sensible to choose an apartment complex than an individual house. Are you searching to buy the best apartments in Kerala? Then you can get in touch with Varma Homes as a pioneer in real estate industry, we offer high-end amenities to all our apartments in the major areas of Kerala like Kochi, Thrissur & Trivandrum which helped many buyers to reach on your dream home. Visit Varma Homes to know the exact details of all our residential projects and select the best from it. So weigh all your options and connect with us to book an apartment in your favourite location to lead a happy and comfortable lifestyle.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