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.
The latest extension of the Kochi Metro from the Jawaharlal Nehru International Stadium to Maharaja’s College Ground was launched on 3rd of October 2017 by the Chief Minister of Kerala Mr. Pinarayi Vijayan. The new stretch covering a distance of 5 km came just after three months since the launch of the first stretch between Aluva and Palarivattom by the Prime Minister of India Mr. Narendra Modi on 17th of June 2017. The total distance covered by the Kochi Metro now extended to 18 km, touching 16 stations which include stations at Jawaharlal Nehru Stadium, Kaloor, Lissie, M.G. Road, and Maharaja’s College Ground. The metro changed the face of Kochi and made it a more habitable and hospitable city. The project has captured the dreams of not just the people of Kochi, but of the whole of Kerala. It has now truly become an aspiring icon for the region, giving higher hopes and expectations for a better tomorrow. It has already improved the lifestyle of Kochiates, helped in greater investments, increased job opportunities and upgraded public infrastructure. The Kochi Metro has raised the brand image of Kochi and boosted major investments, especially in the real estate industry. The changing lifestyle of Kochiates shows a clear picture of the influence of these kind of urban developments upon their lives. And a recent trending lifestyle that is shown is the apartment living. Buyers of new apartments in Kochi have solid reasons behind why they prefer to live in the new luxury apartments as compared to typical homes. Most buyers of apartments in Kochi have not only purchased a property for living, but also pride and satisfaction with their hard-earned money. People are looking for something more than just four dividers and a car porch, which they can finally call as their home. They don’t just need a postal address, but to live in homes that declare their lifestyle as a luxurious one. We at Varma Homes, the top builders in Edappally always bring you the finest living spaces. The best home builders in Kochi, Varma Homes’ compact apartments – Varma Regent is being built at Edappally. It is one of the new apartment projects in Cochin, located at Ponekkara. The 2 and 3 BHK luxury apartments ranging between areas of 862 sq.ft to 1357 sq.ft offer luxury amenities at an affordable price range. Lulu mall - one of the major attractions in Edappally is just 1.8 KM away from Varma Regent and with the case of Changampuzha Park Metro Station, its just 1.6 KM. Varma Regent is the best option for those who wish to buy apartments in Edappally. Varma Regent being on its last phase of completion, guarantees the project accomplishment by the end of December. Most of the units are already sold out and only a few units are left. If you are looking forward to buy affordable apartments in Edappally with all the high-class facilities, pay a visit to Varma Regent’s sample apartments. For more details, contact us today. Call +91 9645 88 33 33 for more details.
Read MoreYour credit score has a significant impact on the apartment buying process. It's a measure of your creditworthiness. The first thing a bank or financial institution does when evaluating your loan application is to take a peek at your credit score. They use this score to ascertain that you are eligible to apply. So, what kind of credit score is required to purchase an apartment? It isn't a three digit number that you earn every time you spend on something. It is far more. It is crucial to understand how your credit score will impact your interest rate, loan amount, and down payment. A credit score of 750 or above is generally considered good & can provide you with many benefits, such as faster loan approvals, lower interest rates, and so on. Let's take a look at the major factors that affect your credit score.Approvals of Loans: Your credit score may play a role in getting a loan approved. A credit score of 700 or above is considered to be a good score to get a home loan easily. If your score isn't up to par, you should communicate with your bank to find out how you can improve it.Loan Amount: If you have a bad credit score, your credit limit will almost certainly be less than the amount you asked for. For example, if you need Rs. 35 lakhs for a home loan, your low credit score may prevent the bank from approving this amount. As a result, if you want to be eligible for a larger loan, you'll need to work on improving your credit score.Loan Interest Rate: The other factor that is influenced by your credit score is the mortgage interest rate. So, banks will probably give you a lower loan interest rate if you have a relatively high credit score. And despite the small rate difference, the monthly EMI will be significantly lower.Increased Down Payment: When buying a home, a lower credit score can result in a higher down payment and a countless number of visits and calls to the bank. A good credit score helps to verify that the purchaser has the potential for repaying the loan. According to the guidelines issued by the Reserve Bank of India (RBI), a home buyer can get 80% of the property value as home loan. But, if you have a low credit score, the bank may sanction only a lower amount and you need to find additional down payment to buy a new home.Of course, there is no need to panic if you have a low credit score. Before you apply for a home loan, raise it by making timely payments. Banks or creditors are more likely to believe you can repay a loan if you can pay your bills on time because you seem financially secure and responsible. This will make the home-buying process go more smoothly. Here are some suggestions for raising your credit score. Pay attention to your credit report. Analyze it &, if necessary, point out any errors. Correct them as soon as possible. Concentrate on your mortgage. If you want to take out other loans, such as for travel or furniture, you should put them off. Examine your co-applicants payment records. Their credit score must also be within acceptable limits. To be financially sound & avoid having to pay extra interest, pay your credit card bills on time. Spend only what you have available on your credit card. Pay your EMIs on time & if you default on them, your credit score will suffer. You will be considered disloyal for a home loan. Hence, make a concerted effort to raise your credit score. Once you discover your dream apartment, working to improve your credit score will certainly help you to flourish financially. If you have good credit, let's not let the possibility of higher credit norms deter you from purchasing right now. So, be a wise buyer & keep all of these crucial points about your credit score & how it affects your apartment buying process in mind. Your dream is almost certain to become a reality very soon.In a nutshell, Whether you plan to buy an apartment in the coming months or years, the benefits of monitoring your credit score & working to improve it will help in the long run. Banks will check your credit score when you apply for a home loan to see if you are a responsible borrower. If you have a good credit score and are looking for a reliable and trustworthy builder in Kerala, Varma Homes is the right choice for you. You can trust us because we are Kerala's leading real estate builder. We provide high-end amenities in all of our apartment projects in major Kerala cities, such as Ernakulam, Thrissur, Trivandrum, and Kozhikode allowing many apartment buyers to realize their long-held dream of owning a home. Search our website for detailed information on all of our residential apartment projects and pick the best one.
Read MoreLush greenery, spiritual aura, and delightful cultural displays within a safe and peaceful environment sound quite pleasing to your senses, doesn't it? Frankly, this is what the glorious city of Thrissur, the cultural capital of Kerala, has to offer. It is a city that’s emerging as the trendiest spot for residential properties due to certain winning factors. Learn why this boost and high rise in demand are happening.The Central BridgeThrissur is like the frosting on the cake because of its position in the center. North and South Kerala are connected by Thrissur, which acts as a bridge. Given the geographical location of Kerala's cities, not every city can claim to have easy access to the majority of its flats and apartments. It is simple to commute to different regions of the state as well as neighbouring states from Thrissur.FacilitiesLiving in an apartment in Thrissur puts you in close proximity to key facilities that a family requires. The neighbourhood provides easy access to major shopping facilities, commercial centers, medical facilities, schools, and colleges. Well-known landmarks and religious centers are close by, so you can re-energize your spirits. The railway station and the airport are also easily accessible. People who reside in the flats here have access to these amenities whenever they want. Excellent InvestmentDue to the fact that Thrissur is a thriving business center where thousands of people come in seeking work, there will always be a demand for real estate properties to rent or lease. As an investor looking for a consistent source of income, buying flats in Thrissur will provide a favourable cash flow. Return on InvestmentThrissur is a constantly developing region, and investing in its future is a solid bet, since the growing economy will only help your property's return on investment. If you decide to sell the property in the future, the price will only rise, and the longer you keep it, the bigger the profits will be. Favourable weatherThrissur is a green and sustainable city, noted for its economic development, environmental promotion, and conservation. It also enjoys the nicest weather, which appeals to potential property buyers. The steady temperature of the city helps towards the comfort and stability of modern life. Rich Cultural EloquenceThere is the added benefit of a rich cultural atmosphere in Thrissur, which is known for its festivals and celebrations. The Thrissur Pooram and Vadakkumnathan Temple attracts visitors from all around the world. The district's cultural significance makes it one of Kerala's top investment opportunities. A flat in Thrissur might be a great place to spend the holidays. Thrissur's properties are in great demand during festival seasons, with visitors and tourists flocking to the city. It can be used as a cost-effective solution by a person or rented out. Safe & De-stressing AtmosphereThis district has a wonderful ability to relax and calm people. Get away from the hustle and bustle of cities, pollution, violent crimes, monotony, and meaningless existence. Aside from that, this city is a secure location to live. The district is considered one of the safest in Kerala and South India. VARMA SPECTRUMVarma Homes invites you to take advantage of all this boon happening in the magnificent metropolis of Thrissur with Varma Spectrum apartments! Varma Spectrum is located in Poochatti, with its wonderfully composed first-rate construction, reflecting the enthusiasm of the location, which is near the NH bypass and Bhavan's Vidya Mandir. With a proven competence in delivering dream apartments in Kerala, built with state-of-the-art construction ideas and world-class amenities such as a fitness center, furnished lobby, library, and indoor play area, we thrive to provide you with the best. At Varma Spectrum, you are going to enjoy a trailblazing lifestyle. It is an essential asset for people looking for the greatest luxury flats in Thrissur that provide more than what any resident desires. Therefore, if you're seeking a unique living experience with globally acclaimed facilities, abundant flora, and a relaxing atmosphere, look no further. Thrissur, Kerala's cultural capital, is the hottest, happening place to own and live life. Seize the opportunity to call Varma Spectrum your ideal home, which is nearing completion by August 2022. To know more about this project, please visit our website or call us at +91 9539 29 33 33.
Read MoreSummers are here and so is the vacation mode. It has often been said that summer is the right time to buy a house. To find out a home that you have always visualized is a herculean chore. Either the Vastu design or the location, or budget will be disagreeable. As owning a home is a lifelong asset, do not take the decision to buy your dream home in quickly. You have to spend some time and effort into this. For this, summer is the best time, the time where most of the people are on-off work mode. Let us check out the reasons why summer is the perfect time to buy your dream home. 1. Higher Inventory The sale of homes is usually in the peak mode of summer periods. It is the most time for residents to be on the move and for patrons to take the full advantage of the flow of inventory on the niche market. The main advantage for you is that you can get numerous choices to decide from, permitting you to possess the chance to be flexible to searching out an excellent deal instead of having to settle. 2. Get Enough Time to Decide Which the Best One Is The Real Estate market is now booming rapidly, which is why being a buyer you should consider timing as the factor when deciding whether to purchase your dream home or not. When you are looking for a new home, you get a plethora of options to choose from the best of your desires. If you are on the busy mode then you will not get the time to shortlist the best one from the list of choices. Therefore, it is unfortunate and annoying to be pressured into having to purchase a home that fits your criteria. Whereas during the summers, it is the time of holidays and the people are usually off work, giving higher chances for you to find a great deal by checking all the criteria and the neighbourhood details of the localities. 3. School is OUT If you are thinking to buy a home in this hotter season, take your kids along as they are probably out of schools. This gives you an option to have a walkthrough of your dream home with your kids and consider their perspectives. It will be good for both you and kids as they can often-spotting things that you do not. 4. Prices Drop Summer might be the busy home-buying time and you could find out the great deal. That is most of the sellers are willing to bid some incentives during the summer as they feel like they need to cut a transaction before pulling the listings before fall and winter. 5. Get To Know the Lay of the Land It is a little bit easier to do detective work on your new homes wish list and its surroundings during summer time. As the weather is nice and the days are longer, you will get the time to take research about your new property, to know the community and also to take the pulse of the neighbourhood. 6. Low Mortgage Rates Mortgage rates are often lower during the summer. There are various market factors that go into interest rates. Surprisingly, summer is the time of the year when banks come out with the most interesting loan schemes. It will help you to save your money for the long term, so it recommended that buy your home now before rates move higher. In a nutshell, summer provides a greater opportunity with many people who are looking to buy their dream home. if you are on a search of the right builder for buying your dream apartments or home in the prime locations of Kerala, then here is your choice, Varma Homes, the most dependable and trustworthy home builders. We come to you with an assortment of luxury apartments and flats of alluring design that is both reasonable and proximity to the city. So, as the weather heats up; with Varma Homes you can find hot deals and can transform your dream into reality.
Read MoreMaking life’s important decision as to where you rest your head all night and how you live your day life can be a daunting chore. When it comes to selecting a place to call home, there are various factors to be considered. These factors may comprise the location, size, amenities, price of the apartment and many other things. Among these, location is the most important factor when it comes to selecting an apartment. As one of the top reputed builders in Kerala, Varma homes is grabbing the attractions of customers with its specialties and location benefits of their apartments. All the apartments of Varma home is located in the realm of the major prime locations of Kerala like Kochi, Trivandrum and Thrissur. If you are searching for the perfect locality that lines hospitals, malls, educational institutions, markets and many other facilities in the heart of Trivandrum city then buying your dream apartment in Poojappura, would be most ideal. You can find Dr. Pai's Heritage at Poojappura, a prime residential locality for house seekers in Trivandrum based on your budget and other preferences. It is a 2 & 3 BHK super luxury apartment with most alluring amenities for a comfortable living. Insights into Locality of Poojappura Poojappura, is recognized as "The heart of Trivandrum”, located on the banks of Killi River. The place is growing quickly to become the prime residential hub in close to future. It is well-known for pronounced historical heritage backed with its magnificence of cultural diversity. It is a place that fills the heart of a traveler with its splendid temples, picturesque beaches, museums, art gallery and what else! There are a number of reasons that make this city a place worth for living. It has amenities and aesthetics no other city has and has an unbelievable equilibrium. The region has earned a divine significance owing to the existence of major ancient temple like Padmanabhaswamy temple. It is very popular and one of the oldest Vishnu temples in India. This ancient temple is famous for its architectural splendour, artistic murals and granite carvings. The Padmanabhaswamy temple stands out from the rest of them in Poojappura for its sheer architectural beauty. The place has also close proximity for its neighborhood ancient temples like KillipalamMahadevar Temple and Kanthalloor Sri Mahadevar Temple. For a place with an astonishingly serene and divine atmosphere, where you get the chance to immerse in devotion is a good family option to live in. The zone is closely set amidst various milestones places like PRS hospitals and Chalai Bazar. Schools, colleges, hospitals, ATMs, markets and shopping centers in proximity makes Poojappura as the premium alternative for all property seekers. Trivandrum Bus Station and Central Railway Station facilitate in the easy accessibility to many key nodes in and around the suburban area. Poojappura has excellent connectivity to major cities also. The place has very close proximity to Trivandrum International airport via Salem- Kochi-Kanyakumari highway. Though reputed educational institutions draw the imagery of Poojappura on one side, the place is booming with copious possibilities and massive developments on the other. Because of the rapidly developing infrastructure and facilities of Poojappura, most of the people are opting to live here. It is fast developing into a cosmopolitan zone too with the dawn of its IT hub, the Technopark, largest in Asia, where people from all over the world come to work and live. So it is another landmark of this place which makes it the most demanding zone for residing. And laterally with its scenic backwaters, historical monuments, beautiful beaches, the city is well placed on the tourist's bucket list also. The upcoming Sports hub and Lulu Mall are expected to intensify the repute of Poojappura further, making it more wanted for the ones who want to buy an apartment here. With so much to offer, Poojappura is a great place to live in. Dr. Pai’s heritage is standing as the major milestone of Poojappura to pay a world-class living to patrons. So why you waiting, head on to Varma Homes, invest for this super luxury apartment and get guaranteed returns.
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