Blog Detail
Future of Real Estate in Kochi and Thrissur
With the increasing number of new apartment projects in Cochin which has already set a backdrop for such a promptly emerging city, there is also a strong sense of an honest pride in the minds of every Kochiates for the captivating infrastructural development by the Kochi Metro Rail Project that gave a complete makeover to the city of Kochi.
The latest news discloses that Metro is to touch Angamaly in the near future. The existing Metro line will be extended from Aluva to Angamaly. And the greater news is that the Kochi Metro service will soon be extended to Thrissur, which is just 50kms away from Angamaly. Kochi and Thrissur could now be easily connected via a metal belt, which will in turn boost the development of both the districts.
The metro connectivity to smaller neighbouring cities will immensely help in their growth and development. Kochi and Thrissur have been closely connected through trade and commerce for several years. And with the Metro Rail service, these twin cities will have greater accessibility to many places including the International Airport that will surely let them to share various growth prospects together.
The better international connectivity will greatly pave way for more global companies and cargo-based businesses to expand operations in the Cochin city and even in Thrissur. The enhanced employment opportunities will create a huge boom in the real estate market, making both Kochi and Thrissur the major real estate hotspots and residential hubs.
With the predictable flood of people that will shift base to Kochi and Thrissur due to the kind of quality lifestyle that both these cities offer, there will be high demand for luxury apartments in Thrissur and apartments in Kochi. The prime residential areas that are going to be swamped by people’s attention are Thripunithura and Edappally in Kochi and Kottappuram and Poochatti in Thrissur.
Since the budding of vast number of 2 bhk flats in Thrissur and flats in Kochi, it’s very much important for you to buy only the ones that live up to your expectations and meet all your needs.
When thinking of buying a new home, it’s always best to go with the builder that you trust the most. One of the most promising builders of today, ‘Varma Homes’ have got some wonderful upcoming and ongoing projects in all the major locations of Kochi and Thrissur.
The new launch in Thrissur - Varma Spectrum, the luxury apartments at Poochatti is one of the most spellbinding creations of Varma Homes that is highly affordable with all the modern amenities possible.
Something else you need to further look at is the compact apartments of Varma Homes in Edappally called Varma Regent, the project handing over ceremony of which is to be held on 15th of January 2018. It is said to be the first project handover of the best builders in Kochi.
With an advantage of being located proximate to famous schools, railway station and other well-known places of worship, Varma Maalika, the luxury apartments in Tripunithura is one of the cleverest choices that you can make while looking for luxury flats in Tripunithura. The project handing over ceremony of Maalika is finalized to be held on 1st of February 2018.
Varma Kottaram, the luxury apartments in Tripunithura is one of the most desirable living spaces offered by Varma Homes for all the home seekers who look for a royal abode combined with elegance and most modern conveniences. It is one of the prestigious ongoing projects of the top builders in Cochin.
The Varma Padipura, luxury apartments of Varma Homes located in Tripunithura is one of the ongoing projects which is crafted to perfection that o?er breathtaking views combined with a lifestyle that is designed for high ?yers.
Ensure to make clever and wise decisions on real estate investments while the time is right in the most preferred cities of Kerala like Kochi, Thrissur and also Trivandrum. (To be continued…)
Releated Blogs
Why Should I Invest For a Second Home?
Thinking about a second home, if you have enough savings to invest in a second home, it will be a very plausible idea with high-profit potential. Since the real estate market has always been a risk-free & safe investment choice. However, before you go ahead with the plan to buy your second home, you have to consider certain things like you have no overhead debts, you have sufficient reserve and emergency funds and of course, you have a good and stable source of income. If all these are fulfilled, you can head down to execute your plan for your second home. Going to own your second home has several benefits in terms of investment choice or getting a regular income. Here we list down some reasons you should go for your second home if you have enough cash for investment. • The Promise of Assured Rent With high real estate prices, the clearest benefit of buying a second home is the promise of assured rent. As rental income has improved manifold over a period which makes buying a second home to rent out is the right method for a stable regular source of income. Also with the implementation of RERA and GST in the real estate market, now investing in second homes for rental income will progressively more become a trend. • Adding a High-Value Asset Owning a second home is obviously another investment in your investment basket. Due to the fast pace of growth in the real estate market in India, the value of your home would also be getting higher. So it will give you a high-value asset over a while and this may be sold later at a high price to liquidate the asset. For the time being, one can add to the rental income in their bonus perks. • Retirement Home As retirement emerges on the possibility, many of us commence worrying about their money & where to invest to relieve their retirement life. But owning a second home is the ideal investment choice & you got the freedom to go to a place for a change that is fully yours. Alternatively, even you can move to that home if you find it more suitable for your happy retirement life, renting out the earlier one. Otherwise, a second home can be used as the fixed source of income after your retirement if you put it on rent. • Tax Savings Buying a second home also comes with the extra incentive of tax savings. i.e. If you have taken a loan to own your second home, you can get tax considerations up to Rs 2 lakhs towards the interest paid & a tax deduction up to the total paid towards interest when the home is let out on rent. This aid you save tax on the loan simultaneously, adding up a high-value asset. • Savings for Future Purpose Despite providing extra rental income & tax benefits, second homes are considered good investment choices for the future purpose like children’s education, children’s marriage, retirement, future emergencies or events. Emergencies always come unexpectedly, so based on your financial state, you could very well sell your second home and use the cash to deal with your financial burdens. So, now we have seen the perks of owning a second home. In the meantime, if you want to buy a second home for investment? Check Varma Homes projects right away! Visit: www.varmahomes.com. Being the best and the most promising real estate builders in Kerala, you can completely trust Varma Homes for your future investment choice. We have our ongoing residential projects in major parts of Kerala like Kochi & Thrissur & Trivandrum. So believe in us, have the best home and get the best experience with us.
Read More
What's the Wiser Choice: Apartment or Land?
With the government's new initiatives in the real estate sector, buyers have a plethora of apartment choices. However, owning a piece of land still has an unrivalled prestige value. So, when it comes time to relocate or invest for a more secure financial future, many of us are caught between two options. Here we compiled this helpful list that will help you choose wisely!Investment FactorOne of the primary disparities between a plot & an apartment is that you'll have to live in your very own house right from the moment you acquire an apartment & you'll save a lot of money on your rent. Whereas a plot allows you to create your own customized home, until then you won't be allowed to live there & you'll have to pay rent even if you invest in the plot. Also, when you buy an apartment, you can use it as an investment vehicle as you rent it to someone, but in the case of a plot, it won't be possible. So, compared to plots, an apartment is a smarter investment choice.The Hassle AspectAn apartment is actually a comprehensive package for standard living; you can select one that would be ready to move into where it contains all the things that an apartment life demands. Hence, you won't be worried about any further headaches or strain. A plot that you wish to build on is just land & you have to build it from scratch & you'll now have to deal with the troubles & groundwork of building the structure, obtaining legal permission, & ultimately upgrading it with lifestyle elements to keep it livable.Financial AssistanceFinding financial help for the purchase of a plot is more difficult than for the purchase of an apartment, since financial companies are hesitant to lend money for the purchase of a plot. So, as a result, there are limited alternatives for purchasing landed property, as banks often do not provide financing for the purchase of a land/plot, but it is effortless to get a bank mortgage for the purchase of an apartment.Compliance AspectIn general, the plot is considerably more likely to get entangled in legal complications & litigation. So, when you purchase a plot, conduct thorough research on any conflicts, & ensure to keep an eye on it till you build your home on it. As in India, several issues are raised regularly relating to illegal land capture. Although these concerns are much reduced when purchasing an apartment when the buyer is protected by RERA & he or she has the right to go for a petition for compensating & remedial action, if the builder didn’t guarantee their promises. Accordingly, as a precautionary step, today's builders will exceed expectations to guarantee that all legal & financial requirements are met.Return on InvestmentA plot can be acquired for the intent of constructing a new structure to get profit, or it could be utilized for other reasons. If you plan to acquire an apartment, only do so upon assessing the growth prospects of a specific neighbourhood. Your apartment's ROI will be higher depending on where it is located. Because of the increased movement of workers from other cities, an apartment in a desirable location will always have greater rental yields, providing you with a monthly second income & assisting you in being financially secure.Tax TreatmentThe tax treatment of plots & apartments differs. As in the case of an apartment, first-time homeowners are eligible for specific tax breaks. The tax deduction for interest on plots is allowed only in the year where construction is finished. Interest accumulated during project construction can be reclaimed as a deduction across 5 years in equal payments beginning with the year the work is finished, resulting in a delay in tax advantages. Holding a plot as an investment is not tax-deductible, but you can request a deduction for the interest given. Conversely, if the plot remains barren, it might not be eligible for a tax break.Value AppreciationThe plot has comparatively better value appreciation than an apartment. This is mostly due to the scarcity of plots on the market. The value of a property is determined by its location & proximity to major infrastructure developments. However, the land market is a cobweb, so when you buy, you must be vigilant. So the safest choice for individual investors is to buy apartments; keep it simple & get your 20 or 25% appreciation because the land is all about where you want to be on the risk-reward spectrum. Also, make sure to select an apartment from a reliable builder with a good location & surrounding infrastructure to increase the value of it.Scope of ResaleApartments are easier to sell as there is always a huge demand. Furthermore, apartments provide a variety of facilities as well as security features. The attraction of plots is that the owner owns the land & can create a new house to optimize returns. But when you plan to sell it, it may not be fundamentally enticing to a possible buyer market. He/she may then either invest more in repairing it or entirely demolish it to create a new one. This might have a reasonable impact on the price of the house. However, in the case of apartments, such an issue does not exist as they’re available with a fixed structure (part of the structure) &, thus, more convenient to sell at the value without extensive negotiations.After considering your wants, financial status, & commitments, take the best alternative. Having a plot implies that you should be careful with some choices. However, the benefits for apartments may be far greater than for plots. Because everything is already in place, you may begin earning profits on the first day. It is critical to seek apartment properties in affluent locations and, of course, from a reliable builder, so that you'd have a good chance of making a regular return. If you are looking for your dream apartment in the heart of Kochi, Thrissur, Thiruvananthapuram or even in Kozhikode, then do visit Varma Homes, one of the top ranking and most trusted builders in Kerala. We strive to enhance top-notch quality construction materials to create apartments that will stand the test of time. With us, you shall not be disappointed! You will get the guarantee of quality residential options that provide not just great living spaces but also a lot of happiness.
Read More
Luxury Lifestyle In Flats In Trivandrum: Why Should You Consider This?
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
What to look for before buying an apartment
LocationWhile looking for an apartment, one of the most crucial elements to consider is location. The location of your apartment may have a significant influence on your quality of life, convenience, and access to facilities and services. Consider aspects such as closeness to your employment or school, access to public transit, the availability of shopping, dining, and entertainment opportunities, and the general safety and security of the neighborhood when picking a location for your apartment. It's also essential to think about your lifestyle and what you like to do in your spare time. If you prefer outdoor activities, for example, you may wish to pick a place near parks or recreational facilities. If you want a more urban lifestyle, you can consider living in the middle of a bustling city center. Finally, the location of your apartment will have an influence on your daily life and overall contentment with your living environment, so examine it carefully before making your selection.Size and layoutThe apartment's size should be appropriate for your needs, and the layout should be useful and handy for your lifestyle. While deciding on the size of a flat, consider how many people will be living there and whether the space is adequate for your needs. Look into the number of bedrooms and bathrooms, the quantity of living space, and the storage space available. The apartment's layout is also significant since it impacts the flow and usefulness of the area. Search for a flat with a plan that is appropriate for your lifestyle and demands. If you like to entertain, you might prefer a more open floor plan with easy movement between the kitchen, living room, and dining area. The arrangement of the flat can also affect privacy and noise levels. Evaluate if the bedrooms are in a peaceful region of the apartment and whether the living space is isolated from the bedrooms to reduce noise disruptions.Conditions of the apartmentBecause the state of the flat might affect your safety, comfort, and quality of life, it's important to properly evaluate it before making a selection. Look for indicators of damage or wear and tear, such as cracks in the walls or ceiling, water stains, or damaged flooring, when viewing the flat. Check the plumbing, electrical, and heating/cooling systems to ensure they are in working condition. Look for evidence of vermin, mold, or other health risks. If there are any problems with the flat, talk to the landlord or property management about them and ask whether they will be fixed before you move in. Consider the general cleanliness and care of the building and common facilities, such as hallways and elevators, in addition to the physical condition of the unit. This can provide an indication of how effectively the building is kept and how attentive management is to tenant issuesBuilding maintenance and managementWhile looking for a flat, building upkeep and management are key elements to consider. The standard of maintenance and administration can have a significant influence on your flat living experience. Building maintenance ensures that the structure is kept in excellent shape, which may assist prevent safety issues while also increasing your comfort and convenience. Good maintenance, for example, ensures that elevators are in good working condition, plumbing is running correctly, and common spaces are clean and well-lit. A well-managed building guarantees that tenants are treated fairly and that any problems or issues are addressed in a timely and professional way. This may have a significant influence on your quality of life in the building by affecting your interactions with other tenants, access to building amenities, and the degree of help you receive if you have any difficulties or concerns. While looking for a flat, look at the building management firm or landlord's reputation and track record. Browse reviews or ask existing tenants about their building management and maintenance experiences. Homeowners Association (HOA) feesThe Homeowners Association (HOA) is an important component to consider while shopping for an apartment or co-op property. HOAs are often in charge of maintaining the building's common facilities, such as the lobby, corridors, and elevators, as well as any shared amenities, such as a pool or fitness center. They may also be in charge of implementing building rules and regulations, such as noise limits and pet laws. While choosing an HOA-managed flat, it is critical to study the HOA's financial accounts and budget to ensure that the organization is financially healthy and can afford to maintain the building and facilities. You should also research the HOA's rules and regulations to verify that they are compatible with your lifestyle. Attending an HOA meeting or speaking with current homeowners can provide insight into the amount of interest and communication within the organization. A well-managed HOA may enhance your living experience by ensuring that the building is well-maintained and that members appreciate one another. SecurityA secure apartment may provide you peace of mind and make you feel protected in your own home. Consider apartments with safe entrances, such as a secured lobby or intercom system, as well as whether the building has security cameras or a security guard. You should also think about the neighborhood's crime rating, closeness to public transit, and availability of on-site parking. You may also look up crime statistics for the region to get a feel of how safe the neighborhood is.Resale valueWhen determining resale value, it is critical to examine current market trends and estimates for the region. Investigate the local real estate market to discover whether there is an upward trend in property values. Take into account any prospective developments or changes in the community that may have an impact on property values. Consider the apartment's condition and characteristics, which might affect its resale value. A well-maintained apartment with contemporary facilities and in a desired location, for example, may have a greater resale value than an older, outdated flat in a less desirable area. While resale value is a significant element, it should not be the only factor to consider when selecting a flat. You should also prioritise factors that will impact your quality of life in the flat, such as location, size, layout, building amenities, and security. Varma Homes can provide you with the greatest services and assistance for all of your future ventures.
Read More
HOME BUYING TIPS FOR FIRST-TIME HOME BUYERS
Looking to purchase a dream home for the first time? We know that there are hundreds of questions that pop up as soon as the decision is made. Owning a home is the dream for people, but to convert it into reality needs more hard work, diligence and lots of financial commitment. For all such first time buyers who are searching to purchase that dream home must have an in-depth understanding of the processes involved and should be more careful. Here are some of the most important tips to keep in mind for first time home buyers. · Pay Heed to the Locality Based on your daily schedule, job location, the necessity for good schools for your kids, mode of transportation; you should select a home in the right area. Also, you can opt for a location with a hospital in the region where you can go immediately in case of any medical emergencies. Consider all these factors very sensibly when buying an apartment. When picking the location, also give a thought to the neighbourhood with a fair mix of commercial centres, offers good living conditions. Subject to your likings, you may want a home in a quiet neighbourhood or with a shopping market or schools nearby. Anyways for first-time buyer research the location of the property that you wish to buy. · Cross-Check Builders Credentials & Make the Right Verdict It is very significant to identify all the information about the property which you are planned for purchasing. Likewise, you should also aware of the builder who you are considered to buy the property from. Make sure builders must have well-reputation in the industry. This can be collected by reviewing their profiles. So research the credibility of your builder, reviewing their historical records, amenities list, previous client satisfaction forms, know their after-sales customer handling services, project delivery, promptness, customer satisfaction, reliability, quality and so on. You can also visit their previous sites to confirm the building qualities and client support. · Consider Your Financing Options & Secure Financing It’s essential to know and concern about your present financial state. While you decide to buy your apartment think about the price what the builder is stating you, whether you can afford it or not. It is preferred to talk with finance companies could either work well or go wrong. Also, it’s good to select a housing loan that comes with the lesser interest rate, a longer span in return payment, convenient EMI options, timely sanctions, disbursals, etc. Taking a home loan not only benefits you fund your dream home, but you also get tax benefits on interest payments and principal repayments. · Verify Legal Matters Once you make an appointment for visiting the site of your short-listed project, make sure the builder grant you all government-approved documents of the property. The title deed is one of the most major factors when you are about to buy an apartment. Since it is something you cannot leave it for the future but priorities first. Make sure the builder gives you all the documents containing ownership transfer, NOC’s, clearance, water permits, occupancy certificates and lot more. As a home buyer, you have to take effort to know about the required documents and approvals of your apartment which will help you to live peacefully. · Give Thought to Amenities Based on the sort of home that you want to purchase, whether it's an apartment or a villa or a whole house with multiple floors, you'll get to confirm that the amenities and facilities that you are looking for or have always wanted, are available therein property. Usually, the good builder will offer amenities like gyms, spas, swimming pools, clubhouses, parking lots etc. Though, the cost of those amenities has got to be borne by the inhabitants. You ought to carefully weigh the necessity for these amenities and whether or not they fit in with your particular lifestyle. Ready to Get Started? Buying your dream home from a reputed builder helps you to gauge the construction quality. Moreover, a reputed realtor is known to adhere to the provisions of the housing acts for sustainable brand recognition. Here you can refer Varma Homes, the top builders in Kerala followed by all rules and regulations of the real estate industry where you can find out various convenient projects in various locations of Kerala. Along with state-of-the-art amenities and facilities, the homebuyers also get peace of mind and safety while investing in their dream home with Varma Homes. So don’t mess with the rest, trust Varma Homes- Building up great things with superior quality, great value & honest service!
Read More