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How Has COVID-19 Pulled Millennials to Invest in The Realty Market
The demand for purchasing apartments among Indian millennials has improved compared with pre-pandemic stages. Millennials are those referring to the generation born between 1980 & 2000 are fast entering their prime spending years. Growing up in an age of quick change, they have a set of priorities & expectations that are completely different from those of the older generations. That is, they don't want cars & houses but just need fun & convenience. But now they start seriously thinking about owning a home with the best facilities around. So, it has been countersigned that even the current populace is getting ahead putting their hard-earned investment into a home since the lifestyle patterns are relied upon to change significantly after the pandemic stage ends. This rising demand is in part being driven by millennials expecting reduced mobility in the forthcoming as work from home culture takes hold, along with an increasing sentiment swing towards savings and asset making post-pandemic. So definitely, the pandemic has made them realise the significance of owning a home instead of leasing one. Owning a home has consistently been a crucial portion of the investment plan, and under new typical rules, purchasers are seeing a value proposition for investing in the realty market. Read on to find out reasons that pulled millennials to invest in real estate.
Opted for Owning Rather Than Lease for Getting A Lifetime of Comfort
When you spend for a property you don’t own & you don’t create equity. Eventually, your money is raising your landlord’s assets and future, not your own. Owning a home is a clever way to build lifelong wealth. Although purchasing a house can be costly initially, if you factor in the expenses connected with renting, owning your own home will truly end up cheaper in the long run. As well, now the outbreak of Covid-19 has insisted on the value of a safe & the reliable home that creates a lifetime of comfort. Usually, the 25-40 age group, who did not give much preference to purchasing a home because it provided them with the flexibleness to shift jobs and hop cities, is now more than ever serious of having a physical asset. The reason more millennials are interested in investing in property for self-use is that it is now much more affordable to purchase a house and deals are accessible in the market.
Historic Home Loan Rates
Now the home loan charges are at historic lows, the calibrated resume to the economy of India sees a flood of enquiries from the potential homegrown as well as NRI home buyers. Taxation profits on repayment of home loans add to the dealings being too good to resist. Falling interest rates attract less interest earned on bank fixed deposits in comparison to the rental profits earned in real estate investment and besides enjoy the profits of capital appreciation.
Returning NRI’s
Real estate will be assured for both end-users and investors in the post-pandemic world. Millennials living in rental houses have understood the worth of being in their own apartments while NRIs encountering challenging times in their present domiciles are staring at constructing a house when they return in India. The size of the NRI investor market is now large in the affordable and mid-segment housing section. The falling rate of the rupee & the present situation increases NRIs interest in buying residential property in their hometown.
Work from Home Impact
Recently there witnessed a substantial rush in the number of young people looking to purchase a home for end-use during the pandemic as mortgage rates are low & work-from-home is a new reality. The necessity for additional or extra space for home offices is on the rise, with the necessity for more well-planned designs. The importance of business centres, common amenities, and more open spaces will be an integral part of the new demand criteria in the post-COVID-19 world.
Summing-up,
Due to this pandemic real estate is witnessing a tremendous change in consumer behaviour. Owning a house is now seen as a priority in the context of safe & secure investment. This will steer intensified demand for homes, as the economy sees a calibrated resume. If you are looking for a right builder to start your investment, then here is your right choice, Varma Homes, the best builder in Kerala. We have our best top-notch quality apartments in major cities of God's own country like Kochi, Trivandrum & Thrissur. Check out our unparalleled apartments, we are certain that you will be mesmerized. Invest your dream home with us, once you invest, you will have a long-term asset that will have value at any time. Take a browse through our website for more information on our ongoing apartment projects.
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The Better Long-Term Option? Living On Rent Or Owning A Home!
Owning a home is a big dream for each & everyone. It is just much more than just a roof & four walls. It blows up a range of emotions and feelings in us. No matter what size or shape your home is, the thought and feeling of home can mean varying things to various people. The sense of safety & security you get from owning your own home is the most prominent & difficult to explain. Read the article to know the best reasons why you should opt for owning a home rather than renting. No Landlord Hassles When you own a home, you are the controller. You do not have to deal with a landlord for any minor repairs or make any changes to your home. Living in a rented home means you are fully dependent on the landlord for water, electricity, maintenance & even to hammer a nail in the wall. Freedom & Emotional Security Buying a home renders added comfort, security & privacy, not only to you but also to your entire family which is a simply irreplaceable experience. Also, the decision to extend, renovate & utilize the space as per your liking is always with you & you don’t need any permission. So, when you have a home, you are your own boss at home! Easy Financing Options & Can Avail Tax Benefit With the availability of a simple financing option, home buying is effortless now. Here you don’t need to wait till your 40s & 50s to collect money for owning your dream home. You can easily acquire it in your 20s & can be the proud owner of a fully paid off house when you turn 50 or even earlier. Hence, when you want to purchase a home by availing a loan, you get capable to earn the tax benefits on the home loan principal & interest you payback. These gains add up to a reasonable deal, in possessing your home. A Chance to Rent It Out Owning a property gives you a major edge that you can rent it out to someone after a point of time to return your home loan. This is possible if you are buying a ready to move apartment. By doing this you can save some money & let the tenant pay your debt over monthly rent rather than paying it from your wallet. An Investment When you are adapted to remain in a particular town for extended periods, having a home will definitely give you a feeling of peace, closeness & help you to connect to the town easily & its way of life. Also, undoubtedly in future you will get a good return value of your property. As we know, over time the costs of property normally increase. Besides, owning a home provides the security of a hard asset simultaneously with guaranteeing monthly cash flow. Likewise, the security of one’s own home in uncertain times can be also a blessing & lessens stress & anxiety. If you pause your home buying process, it will end in having to spend a higher amount as you are forced to pay rent over an extended time. No Uncertainty With your own home, no fear or anxiety is caused by the chance of an untimely end of the lease agreement by the landowner. Moreover, there are no other annoyances like renewing the rent contract every year & negotiating on rent regularly. For the above-mentioned reasons, it is clear than the benefits enjoyed by a house owner are far better than an occupant leasing a house. As you don't require to compromise on various aspects such as location, spaciousness, amenities & much more whereas by investing in your own home, you can simply ensure that your preferred property satisfies all your aspired expectations. Yes, it’s true that sometimes toward the start of purchasing a house may show up as a difficult task, but at the end, you will get a beautiful home of yours & you can give your family a secured life as they deserve! If you think you’re ready to start your journey towards homeownership, then no worries! We are here! Being the leading & the most trusted real estate builder in Kerala, Varma Homes has helped people in purchasing their dream homes. We guarantee we can meet the top-notch quality, safety standards, on-time project delivery & complete client satisfaction. Currently, we have presence in the prime locations of Kochi, Tripunithura, Thiruvananthapuram, Thrissur & Kozhikode. Here you can experience luxury, endless view & outstanding amenities at the apartments of Varma Homes & all are uniquely designed to get our clients like you the feeling of endless happiness. So, take your favourite choice from the house of Varma Homes for realizing your dream home. Get in touch with us to know about our ready to occupy and ongoing apartments in your favoured locations. Say no to rent & Yes to Complete Ownership of Your Home with Varma Homes!
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Top 5 factors to consider while purchasing a flat that you want to resale in the future
If you are purchasing an apartment with a plan to resale it sometime in the future, then you should consider certain things before going ahead with the purchase. This would be wise to bear in mind how the other buyers would view the house that you have been considering purchasing.Life is uncertain and so a critical need might arise anytime when a dream home needs to be put up for sale as well. Whatever the reason be, no one wants the headache of a property that is difficult to resell. So, here is a list of the major home resale factors that you should ideally be aware of to continue your journey of home purchasing.Developer's Reputation & GoodwillAlways validate the profile of the developer before buying an apartment. You must do thorough research on the builder's profile and dig in through the history of the builder. It is important to make a detailed study of the credibility and earlier projects which he has delivered before you invest in property. Established credentials of the builder will assure a line of defence against getting cheated out of one's money on an investment. Reputed builders will always ensure legal sanctities, structural integrity, and timely completion.Construction QualityMonitor every aspect of the construction process to drainage engineering, and attainment of acceptable levels of performance within the defined guidelines set out in the scope of work. Inspect and ensure the building's construction quality and materials used in the project to make sure the final deliverables are free from any construction-related defects in the future. Before finalising your deal, analyse the quality of construction by inspecting the strength of the structure, the floorings used, the paints applied, interior fittings, and accessories. The size of the flat in an apartmentThe house's size plays a major role in reselling your flat. With all the recent work-from-home trends, people are usually looking for homes that have more rooms and provide more privacy. However, these particular trends depend on the city or town where your property is located. For example, in urban areas, smaller apartments are more prevalent while in the suburbs, the buyers are more accustomed to larger and spacious houses. You must necessarily research which size of the home is more popular in your city and then invest accordingly. The neighbourhoodThe neighbourhood and locality have a major impact on the flat's resale value. An apartment that has more amenities and along with good safety has a higher resale value. Before purchasing an apartment, it is advised that you research several popular trends, the potential new plans of infrastructure, community areas, transit accessibility, and other necessary amenities that exist in the target area. This would be a good idea to opt for quick checking of the flat's neighbourhood. This will give you a fair idea of the neighbourhood. Safety & SecurityThe must-have safety features for residential properties include fire-fighting provisions such as extinguishers, smoke detectors, and water sprinkler systems. Also, there should be provisions to tackle natural calamities such as heavy rainfalls, earthquakes, etc.Also, the best security arrangement within the societies includes trained safety guards at the entry and exit points, CCTV surveillance, burglar alarms, and intercom systems. Ensure that the safety and security systems are in place and get updated regularly.Also Read: Reasons Why Luxury Flats in Kochi Are Worth the InvestmentThe age of an apartmentThe age of an apartment is very crucial as buyers consider certain factors like the lifespan of several elements like the apartment's roof, appliances, electrical systems, windows, plumbing, etc. Even 10-year-old apartments remain at their best if the maintenance cycle is properly followed. As one of the premium builders in Kerala, Varma Homes are designed with fine attention to detail that resonates across all its projects. The spaces are luxurious and reflect what you would only expect from upscale homeowners who will settle for nothing but the best when it comes down to their aspirations. Storage space in a flatThis is one of the factors that is often overlooked while purchasing a house especially while purchasing a flat in an apartment. While this does not enhance the resale value of a particular flat directly, this usually makes a flat more in demand amongst the buyers. Homebuyers usually prefer flats that have adequate and intelligent storage spaces.In modern houses, the homebuyers usually look for at least one walk-in closet that is attached to a master bedroom. The outdoor spaces for storage like assigned car parking, sheds for laundry activities, etc. are also taken into consideration.Bottom lineAs you start hunting for the perfect flat, it is important that all of your preferences are met. You need to take into account several different things discussed above in order to make an informed choice on which property will work best with them and also help when resale time comes around!Of course, there are plenty of red flags that you need to look into while selecting a flat for sale in Kochi, but we have listed the most notable factors for a quick read. A good investment with wise decisions can help you live, and even earn a stable income for your future generation.
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Top things to consider when buying an apartment in Thrissur
Here are some things to think about before deciding on the property you want to purchase if you're intending to buy a house in Thrissur. This will assist you in purchasing a home that will improve your quality of life and yield a profit when you decide to sell it.LocationThe most crucial thing to take into account is location. Your ideal home should be situated in a decent neighbourhood that is secure, clean, and well-equipped with amenities, and that has had significant expansion in recent years. It should have easy access to parks, public transportation, health facilities, educational institutions, governmental agencies, shopping centres, and other areas of the city.Value of appreciationThe property you select must be situated in a neighbourhood that has recently experienced expansion. With the passage of time, property value should have increased significantly. The best place to invest is here because it offers a wealth of services and will yield decent profits. If you decide to rent out the home you purchase, you may also anticipate receiving a good rent in such a location.A well-planned living areaExcellent space design is a key component. A well-designed home will ensure optimum ventilation and, as a result, a healthy life for its occupants. You must ensure that your home complies with Vaastu if you practise it. Your stay in your dream home will be enjoyable and stress-free if it is roomy and well-designed.Infrastructure and AmenitiesEnsure that a gated villa or apartment you are considering purchasing offers the essential utilities. There must include a gym, pool, kids' play area, security, and CCTV cameras. Having these things nearby is a bonus considering the hectic lives that the majority of us lead today.Percentage of common areasA skilled builder would plan their building so that the space set aside for hallways, tunnels, etc. is effective and not wasted. This implies that you get the most out of your home and hence, value for your money. Study the area options the builder has to offer and decide which is best for you.Upkeep and other feesThere are frequently hidden fees that have astronomical prices. The maintenance and other costs for luxury residences might occasionally, even frequently, be very exorbitant. Before you decide on a property, make sure to carefully review everything.The NamePick a name that is well-known in the real estate sector. This demonstrates the builder's excellent reputation and wealth of business experience, making them a popular option for Thrissur home builders.One of the greatest builders in Thrissur is Varma Homes. Years of expertise in the industry taught us that real happiness can only be found when the homes built are of quality and most importantly, eventually, become an investment worth a lifetime. For timely and efficient all-time delivery, we strictly follow efficient methods of planning in advance, training labourers, and staff members and adhere to safety procedures.
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How does Varma Homes choose the best materials to build your dream home?
Materials are the solution to a well-functioning building, as an excellent structure can only be achieved with high-quality materials. When you buy a house or a flat, it is essential to have clear information regarding the quality of the products used at the time of booking. The materials used have a significant impact on the construction quality. The choice of building materials will determine the ultimate durability, longevity, and style of the building. That is where Varma Homes reigns high as the top builder in Kerala. At every step of construction, Varma Homes ensures quality to build a dream home because we value customer happiness above all. It can be difficult to choose the best product option for diverse needs. Therefore, in the construction industry, material selection is an important part as a number of aspects must be considered. As a trusted building partner in Kerala, projects of Varma Homes achieve optimal results by selecting a product or brand that mainly focuses on the following factors:1. Supreme quality: Only high-grade materials are sought after for all our projects, and hence we choose a brand that serves this purpose. These supreme products are capable of adapting to the varied climatic conditions without degenerating. The materials we select ensure the longevity and strength of the building structure, thereby becoming a profitable future asset for the user. 2. Availability: Brands with readily available stocks are another major factor we prefer. The availability of materials determines the finishing time of a building. Locally obtainable materials are our time savers, through which our work gets smoothly completed. This is one of the reasons why we earned the title for completing 6 projects within a span of 5 years ahead of schedule. 3. Cost: When searching for different types of construction materials, the prices have soared and always vary greatly. We believe that looking for the cheapest products is not always the best option because, if we don't consider their lifespan, we may end up having to restore them frequently, which is costly. We pick only construction materials that are both cost-effective and will last a long time. 4. Service: A great product gains our trust and we would vouch for it in the future too. Service is a pivotal aspect that strengthens a project from its inception to completion. As success is a combined effort, we opt for materials that provide us with the best service. By doing so, we have risen to great heights. When we choose vendors certain other points are taken into account such as:1. On-time delivery: We only work with vendors who deliver products on time, every time. Even minor project delays might result in dissatisfied consumers and financial losses. As a result, we only work with vendors who produce products on time to avoid delays in our work. 2. Wide selection of materials: A great vendor would have a wide variety of items and supplies on hand. This way, we can get all of the goods we need in one place. This helps us save time by eliminating unnecessary delays in procuring from various providers for various projects. 3. Proven experience: Using a supplier who hasn't been around for a long time is always a risk. That is why we take care to collaborate with vendors who have extensive experience in this industry. Senior managers and the sales team of Varma Homes are involved in deciding on the brand or material for a project. We choose the final brand or material only after considering their suggestions. The most important thing is that we never cut corners on material quality to save money. During the material selection process, the purchase department of Varma Homes places the greatest emphasis on this element. Sustainable InitiativesExtensive experience has shown us how much waste is generated in the construction of not only buildings, but any structure for that matter. We intend to employ every component that goes into construction cautiously and properly in our projects for a productive cause. We also have an IGBCE LEED Certificate in this area. Since its inception, Varma Homes has effectively established itself as one of Kerala's most trusted builders. We started with residential developments in Kochi and then expanded to Trivandrum and Thrissur. Our main launches will take place in Calicut and other major cities in the near future. It is our full-time goal to provide the best value and service in our price range, and we've succeeded time after time. It is because we believe in constructing happiness for everyone by fulfilling their dream abode.
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A Luxury Flat in the Glittering Heart of Kochi
In the recent years Kochi has established new nomenclatures in the Real Estate point of view. Step in the cultural downtown of Kochi which offers you a traditional feeling in the land of royalty which has a huge corpus of custom, culture, art, economics and space for fulfilled and spiritual activities. A place that can lift you to the traditional old days filled with cultural activities like Kathakali, Athachamayam and more. To add the glory, Thripunithura is home to loads of cultural societies like Sree Poornathrayeesha Sangeetha Sabha, Thrippunithura Kathakali Club and the International Centre for Koodiyattom which are active with cultural performances and programmes. To know more about the cultural and traditional aspect, own a flat at Varma Padipura the latest luxury apartment launch from the reputed builders in Kochi – Varma Homes. Move to Varma Padipura which defines the real meaning of sumptuousness & dignity. Stay close to all the cultural activities with an address in the most happening locations of Kochi. Designed for the people who want to live in a peaceable environs, life at Varma Padipura will be everything that you have ever dreamt of. A home with every amenities and services right at your door step is what Varma Homes aims to provide. Intended as a residential area in a cultural society and standards, the lifestyle at Padipura are peaceful as well as luxurious with a great source of amenities provided by the builders. Apart from the cultural aspect know other factors which make Varma Padipura, a project of dreams. Connectivity at Varma Padipura Right behind Kalikotta, Thrippunithura, Varma Padipura is in close proximity to hospitals, educational institutions, railway station, proposed metro station, places of worship and shopping destinations making this project a graceful headway to live a life of bliss. It offers the best connectivity and easy access to all central nodes such as railway station, airport and public transportation network. Moreover, Thripunnithura is a popular residential location with excellent social infrastructure to own a dream home. Comfort at Varma Padipura All the flats and apartments of Varma Homes have been designed to bring you comfort in every aspect of your life. Varma Padipura, the 11 floor building consisting of 2 & 3 bhk are large and spacious, well designed and constructing with exactness and focussed on quality. The Varma Padipura delivers the finest living standard and life of comfort & happiness for all its dwellers. First-class Amenities and conveniences at Varma Padipura Varma Padipura is equipped with all the modern amenities including Rooftop swimming pool, Solar Energy Utilisation in Selected Areas, Fully Automatic Lifts of 8 and 13, Passenger capacity, Intercom facility, Fire Fighting System, Children’s play area, Rooftop party area, Terrace garden, Recreation space, Club house/Fitness center, Provision for 24 hours security, Provision for 24 hours power and water supply facility, Water filter, Care taker room, Surveillance camera, Sewage treatment plant all together make it a best buy for the price. Moreover, the cutting edge security facilities and security system offer a secured and safety living experience to its residents. Being the best builders in Kochi, Varma Homes are the first choice for residential projects. With the timely delivery Varma Homes assures to provide premium residential living spaces that blend thoughtful layouts with attractive recreational options to the valuable customers. Varma Padipura’s work will make a start from August 26 and will make all the effort to finish within 24 months.
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