In today’s world, not just investors but even the end-users are keen to observe the market value of the residential property before buying the home. The real estate market and its development is reliant on various factors. Financing in the property market can reward you with worthy returns if the factors affect the property value are in your favour. To estimate the residential properties value it is vital to find out the influence of those factors that related to the housing characteristics and the residential properties value. So if you are buying or selling an investment property or home, the question is that how much the property is actually worth? The recent real estate statistics in India proved that property valuations are now depending on the factors that influence the market value in the real estate industry. Right intuitions in respects to the right time for the property purchase, price escalations, downturns in the real estate market and all other indicators, aid in making purchase decisions.
The real estate sector absolutely is on the upsurge, with the growth lunge being delivered by significant factors which affect the prices of residential property in the country. So, what are these factors that drive the real estate market value of your residential property? Read on to learn what drives property prices up, what causes them down and how you can find that whether your home is worth.
It is one of the most significant factors that influence the real estate market prices in India. The present situation of the roads & airports, bus terminals, shopping malls and all other advanced facilities in the surrounding area of the residential property, helps in value growth of the same. Another most crucial requirements for each investor looking to buying property or land is the connectivity. That is the rise in the market price of the property is depending on its good connectivity to the medical facilities, entertainment hubs, retail markets, business centres and all other facilities.
Inflation is caused by the excess amount of money being in circulation, which in turn leads to the decline of the money value. As this occurs, the prices for various inputs like land price, labour, legal building permits, construction materials, also increase. Obviously, inflation will not affect the increased property prices in a zone if the locality itself is lacking the social and civic infrastructure or poor accessibility.
Demand and supply are reliant on human behaviour as home buyers favour locations which are sound in infrastructure. Changes in the population are also the key factor for demand. At times customers are ready to pay extra for a property since they find that living in that locality desirable. This kind of demand again takes in the real estate investors, who purchase properties to vend them at a profitable amount when supply slows down. This grounds the land prices in that place to increase even further. So together with the number of people inhabiting in an area, the popularity of the area also affects the increased property price of that area.
When there is a large number of customers in the market, then obviously the value of properties increases. The population growth rises the demand for the residential properties and it directly translates into faster appreciation in the real estate prices. The increase in demand inclines to increase in the property value, as it forces customers to buy.
Changes in the nearby areas of the residential property can cause to the changes in the market value of the property. This factor mainly depends on population growth and infrastructure development. Housing units in the major desirable locations are the ones with greater prices. Any sort of development and advance can shift the supply and demand graph of the locality.
If you are looking for apartments in the prime locations of Kerala, Varma Homes is your best choice!!! Varma Homes is the most trustworthy builders in Kerala offering superior quality and affordable luxury apartments in Kochi, Trivandrum and Thrissur. We always create the true and the excellent living spaces meeting the desires of our clients. We are always ready to help our customers to stay within their budget and their preferred locations.
Living in luxury Trivandrum apartments is a hot issue. People are being pushed to opt for flat life due to the increasing shortage of land for building construction and the consideration of easy access to city resources. Flat living offers advantages and disadvantages, with the advantages being on the higher end. In Trivandrum, the flat life is making way for a new style of living.There are benefits and drawbacks to living in an apartment. The occupants can live a comfortable lifestyle with all of its amenities at their doorstep, which is one of its benefits. A flat is a comfortable place to live with all the conveniences you could possibly need, including a kitchen, bathroom, television, and other entertainment equipment.People who favour independent homes over apartments contend that they can never have as many conveniences under one roof as they can in apartments. They complete all maintenance tasks on their own, including plumbing and pipe repairs.The city boasts a cosmopolitan culture that combines Travancore and Malayalam influences. According to a study by the Centre for Cities, Trivandrum is the most livable city in India. With a strong foundation in the tourism, IT, and manufacturing industries, the city is a developing IT cluster. The city has rapid economic growth as a result of a large number of tourists it draws both domestically and internationally.The advantages of apartment living in Trivandrum are outlined below.1. LocationProximity and accessibility are two of the main advantages of apartment living in Trivandrum, with top builders delivering luxury apartment developments in the centre of the city adjacent to essential infrastructure amenities and conveniences like IT parks and commercial centres.2. AmenitiesIn comparison to standalone homes, apartments offer a variety of amenities like swimming pools, clubhouses, indoor and outdoor sporting venues, rooftop party spaces, parks, etc. to support a pleasurable and fulfilling living experience.3. SafetyApartment buildings are more secure than standalone homes since they have 24-hour security and CCTV systems. Apartments are a great option for older people and single women because of their close neighbours.4. Financial benefitsLiving in an apartment has much better financial advantages than developing or purchasing a home. Additionally, renting is less expensive than buying a home. Apartments also have significantly lower utility and maintenance costs in addition to lower monthly payments.5. CommunityApartment residents come together to establish a tight-knit neighbourhood. Apartments offer a rich social life and strong neighbourhood ties. This guarantees that living in an apartment will never be boring.In conclusion, renting an apartment in Trivandrum is a wise choice for a high standard of living. But there are numerous things to take into account while purchasing a Trivandrum apartment. You must make a carefully considered and educated conclusion.Varma Homes in Kerala is one of the most prominent home builders. We value customer happiness above all. We envision a clarity in our thought processes which would eventually pave the way to build quality homes delivered on time and aspire for the betterment of the environment, the general public, and our business. Contact us and enjoy your relationship with your dream home builder.Read More
People now prefer to live luxurious lives, and lifestyles have evolved. The standard of living also increased. Kochi city, a fusion of various religions and cultures, has long been an important commercial centre. Additionally, it is increasingly attracting the IT sector, creating more opportunities. Kochi City is expanding quickly and is on the path to becoming a popular travel destination for everyone. Thanks to a network of interconnected roads and a newly established metro, one can also commute without incident.Numerous advantages make Kochi the finest place to live with your family. Many people dream of buying a flat in Kochi. Kochi has a host of excellent flats that come with great amenities and on different budgets.When compared to other metropolitan cities, owning a home in Kochi has some of the most important advantages, like well-connected roads, metro hubs, infrastructural progress, Smart City and Infopark campuses, reputed educational institutions, hospitals, pubs, multi-cuisine restaurants, and heritage spots that attract tourists from across the globe.Kochi is one of the most vibrant cities in the nation thanks to its way of life, tourist attractions, and variety of services. For those looking for luxury Flats in Kochi, Varma Homes, one of the leading builders in the city, offers a first-rate living environment. The luxury apartments in Kochi's premier locations are exquisitely designed. And let customers experience a way of life that captures the essence of the city. Every square foot of land matters in Kochi. The international container transhipment terminal, the Smart City initiative and metro connectivity have all contributed to the socioeconomic impetus.Kochi's history as a significant port. Additionally, as a point of entry for visitors to the state, Kochi is an advantageous location for NRIs wishing to invest in flats and apartments. If you're looking for luxurious flats in Kochi with a variety of amenities, a well-known house builder in Kerala is providing you with a large selection of flats and opulent apartments. Given the current market conditions and investors' desire to profit from quality-styled apartments, Varma Homes designs our residential projects with a harmonious fusion of contemporary and traditional amenities.Smart developers, like Varma Homes, have invested in apartments in prime locations after realising the potential of this metropolis. For many people, having a home in Kochi is a dream. Varma Homes has positioned itself in places with growth potential. They offer you various options to choose from as no other builder has these many vast numbers of projects going on in Kochi. The apartment is in a prominent position so you know it will provide you with excellent profits in the future. Apart from the abundance of natural attractions, Kochi provides a diverse range of work and business opportunities for both professionals and regular people. Kochi is becoming one of the popular living locations for Keralites who are in search of luxury flats in Kochi. The benefits of buying a flat or apartment in Kochi are plenty.Choose Varma Homes as your top option if you're seeking apartments and flats in Kochi with the highest quality standards and dependability.Read More
Owing apartments in Kochi is the biggest dream of NRIs and the middle class people. Kochi is basically said to be an investors’ market and these investments of both the NRIs and the middle class people have fuelled up the growth in the city. Kochi has seen a massive growth in its IT sector and Infrastructural development through NRI investments. Kochi is one among the most expensive real estate markets in India. Significantly, the populaces with an annual income of 13 lakhs and above only can consider buying residential projects in Kochi. Furthermore, the average price of the new apartment projects in Cochin and the rental value is noticeably getting high in the commercial capital of Kerala. The city of Kochi is already in the process of progressing from the small town into a metro city. The major places like Tripunithura, Vyttila, Fort Kochi, Kakkanad and Edappally are becoming part of the prime residential locations in Kochi. Many number of new apartments in Kochi are found available for sale and rent in these places. Nowadays, the home buyers who are most interested in investing in flats in Kochi are the salaried classes - the NRIs and the middle class people. And both these classes are specific about the facilities and the amenities offered by the flat builders in Kochi. They are also price conscious and are not willing to spend their hard earned money on investing in the independent homes especially because of the unreasonable hike in the prices of such properties in Kochi. In order to help the home buyers in buying their dream homes, the Government of India is planning to drop the GST rate for property purchases under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. As NRIs are not dependent on home loans for buying new luxury flats in Kochi, the middle class people are the most beneficial with the Pradhan Mantri Awas Yojana (PMAY) Scheme in India. Under the 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. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable. The younger generations are also into investing in new luxury apartments in Kochi mainly because of the increase in number of IT companies, rapid progress of the transportation sector and improved communication in the metro city. With the advancement of metro rail, youngsters also prefer to buy new flats in Kochi which are even farther from their work places.Read More
Kochi, also known as Cochin, is a bustling city located in the southwest coast of India. The city has witnessed rapid growth in recent years and has become a popular destination for real estate investments. If you're looking to buy an apartment in Kochi, it's essential to choose the right location to ensure a high return on investment. In this blog, we'll explore the 10 best areas to buy an apartment in Kochi.KakkanadKakkanad is one of the fastest-growing areas in Kochi and is home to Techno Park Kochi which is a famous IT hub and World Trade Center Kochi . The area is well-connected to other parts of the city, making it an ideal location for working professionals. Kakkanad also offers a range of residential properties, from budget-friendly apartments to luxurious villas, what makes it more attractive is that all your family needs are met, well connected to Sunrise Hospital, Metro Station( in progress), Banks - ICICI, Federal, Canara and so on. ChottanikkaraChottanikkara provides everything an aristocratic existence requires. In this village is the well-known Chottanikkara Bhagavathy Temple. The area is easily accessible from MGM School, Bhavans School, MITS Engineering College, Nucleus Mall, clinics, and others. It is the ideal location to live due to its excellent connectivity to the seaport-airport road, Kochi's major attractions, and more. Water accessibility and the abundance of lush vegetation are a couple of other strong reasons to choose this location. Pick your ideal home's location in Kochi from among these options.KaloorKaloor is a bustling residential area located in the heart of Kochi. The main highlight of this location is JNL stadium, a place known for its amazing ambience and various sports and cultural activities. The area is well-connected to other parts of the city and has several attractions and must visit places like Davids Pavilion, Brindhavan Vegetarian Restaurant, Kaloor Metro Station (JNL) and entertainment centers. Kaloor also offers a range of residential properties, from budget-friendly apartments to luxurious villas.VyttilaThe largest and most well-known intersection connecting the S. A. Road, the Thammanam Road, the Vyttila-Petta Road, and the famous Kochi Bypass. Inland water transportation (Water metro), buses, trains, the Metro Rail, and other surface transportation choices are all connected to Kochi through the Vyttila Mobility Hub. Name anything you will find in Vytilla. The mobility hubs, Welcare Hospital,TocH School, playschools, nurseries, restaurants like Supreme Upper Crust and Thakkaram, , backwaters, banks, railway stations, and clubs make it one of the finest places to reside in Kochi.EdappallyOne of the city's most well-developed neighbourhoods is Edappally and a famous spot in Kochi. It is the most active area in Kochi due to the quick growth of commercial and residential developments. One of the best draws in the area is Amrita hospital, Renai medicity, Kinder hospital and aster medicity along with Lulu Mall, the biggest shopping centre in India. Other famous places like St. George's Syro-Malabar Forane Church, Edappally Metro (busy metro station), Museum Of Kerala History a mix of fusion as this location offers everything one wants. If you reside in an apartment in Edappally, you will be close to city life in Kochi.KadavanthraNear the M.G.Road and Ernakulam Junction, is the important business district of Kadavanthra. The area has upscale retail establishments and a growing commercial main street. The Kadavanthra Metro Station, which services the Panampilly Nagar/Kadavanthra neighbourhood, is made possible by the intersection. It is located in Kochi's commercial district and is central to the city. In addition to being close to the South Railway Station, Kadavanthra has fast access to Kaloor, Vyttila, and the Cochin International Airport along with quick access to RSC(regional sports centre) , Medical Trust Hospital, Silverline Hospital, Welcare Hospital, Kendriya Vidyalaya, Bhavans Girinagar, TocH School, Yacht Club and Gymkhana ClubPanampilly NagarIt is a posh residential spot because it may be the cleanest and most beautiful area in Kochi city. The area is quickly developing into a high-profile private area and has a reputation for offering a serene, comfortable, and opulent lifestyle. The growing number of clothing Boutiques, eateries, and spas encourages buyers to choose this area for their ideal homes. It is one of Kochi's most prestigious residential colonies because all amenities are easily available. Fort KochiFort Kochi is a popular tourist destination in Kochi, offering a range of residential properties. The area is home to several tourist attractions, including the Chinese fishing nets, the St. Francis Church, and the Dutch Palace. Fort Kochi also offers a range of residential properties, from budget-friendly apartments to luxurious villas. Fort Kochi is known for its heritage and culture preservation even after so much commercialization.ThrippunithuraThrippunithura is one of the best places to stay in Kochi because it is a renowned historical and residential neighbourhood. Sree Poornathrayeesa Temple is well known for its ancient cultures, but the area is also well known for its yearly celebration, Vrishchikoltsawam. Since it is well linked by rail and road networks, it is only about 7 km from the city centre and a great location for both education and habitation. There are several educational establishments in the area. The biggest Metro station in the Kochi metro rail project (Vadakkekota metro station) is in Thrippunithura. A place known as a global tourist attraction, a million flock to visit the Palace, which has been an iconic place and a movie location for many blockbusters.If you are searching for residential apartments for sale in Kochi with a range of amenities, then Varma Homes offers you a wide range of apartments in and around Kochi. With the trending demand & craving of investors to capitalize on quality styled apartments, we craft our residential projects with the blend of all modern and traditional comforts. Well, the economic capital of Kerala, Kochi has witnessed a massive real estate boom. The realty market is fast flowing into the edge of the city, transforming them into the next best destination to invest in.Read More
An ideal home fulfils all your desires and wants. It should boast a unique combination of a good location, world-class amenities, and great surroundings. If you’re looking for a more peaceful, productive living space in the heart of Kerala's cultural capital, Thrissur, Varma Signature is here for you! It is the flagship luxury project of Varma Homes, which defines the ideal home that blends both convenience and luxury. That’s why we offer our residents an array of modern amenities in this family-friendly neighbourhood. Here are the top reasons why you'll enjoy living in VARMA Signature. Amenities & More Amenities: Live In Comfort & StyleOne of the best things about living in an apartment community is having access to all the amenities you could ever need. Living at Varma Signature Homes is more enjoyable as we have the best amenities designed to enrich your lifestyle & ensure your comfort. Whether it's the hall, swimming pool, gym, or landscaped greenery, it promotes satisfaction and allows you to live a fulfilling life. Your apartment will serve as a symbol of your personality. From luxurious amenities to fully-equipped kitchens, we’ve got it all at your fingertips. Our apartment features top-of-the-line architecture with an eye for detailing and aesthetic use of space. You’ll love the look and feel of our modern apartment community, where luxury meets practicality. A Home Close To All the Necessities We at Varma Homes understand the importance of a happy life. That’s why we have designed our project in the perfect location where it is next to all modern conveniences. Such as schools, hospitals, parks, restaurants, shopping malls, etc., remain within easy reach of Varma Signature. You have the best doctors and specialists available as the project is located near Jubilee Mission Hospital Ancherychira. In fact, it is just five minutes from the town of Thrissur and three minutes from the NH Bypass. You can walk down to the nearby restaurants and cafes or indulge in some retail therapy at the nearby mall. In addition to this you have easy access to good shopping and entertainment, making it simple to find what you need and enjoy the cultural benefits of your surroundings. The proximity of excellent schools and colleges gives your children an advantage in their pursuit of a prosperous future. Well-Planned Project Layouts A smart home is the dream of every resident. Every apartment buyer's dream is our mission, so we make sure we provide the best layout to make that happen. It's our promise at Varma Signature to go beyond your expectations in providing you with a luxurious lifestyle. Every element is meticulously designed and implemented, from the large layouts to the fittings and fixtures. Our designers have ensured that there is no compromise on quality, space or utility. This makes our apartments a perfect home for your life’s most precious moments.Serene Surroundings The Varma Signature apartment complex offers a spectacular escape from the everyday hustle and bustle of life. It has landscaped gardens with swaying trees and flowering plants that will rejuvenate you after a long day’s work. The surroundings are well-kept and clean. We have an open ground where you can relax at any time during the day or night. You may also enjoy your leisure time by swimming in our pool or strolling around to get some fresh air. The outside of our apartment complex is just as calming as the inside of the apartment itself. With the serene surroundings of our apartment premises, you will also get peace of mind, with no worries about your safety. As we have 24-hour security, and CCTV cameras. So, you can enjoy a comfortable life at Varma Signature Homes surrounded by lush greenery, soothing environment. Varma Signature offers a never-before lifestyle to its residents. It is a must-have for those looking for the best luxury flats in Thrissur that offer all the luxuries required by any resident. Whether it’s the world-class amenities or its proximity to workplaces, Varma Signature is your perfect home! So, no more searching if you're looking for an interesting living experience with international standard amenities, lush greenery, & a soothing environment. Here is your perfect place to call home in the cultural capital of Kerala. To know more about this project, please visit our website or call us at +91 9539 29 33 33.Read More