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.
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.
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.
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.
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.
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.
If you have any plan to sell your apartment in a couple of years, then maintaining your apartment in a good condition is very essential. As it is significant to not only get a good value for the possessions but also to boost the life of the same. Let’s check out some simple ways to add more value to your home on a budget. Pick the right locality- The most thing is ensuring that your apartment fetches a good worth starts right from the point of purchase itself. Select for a locality that is fully packed on with facilities and accessibilities for a smooth and peaceful living. The clean and well-maintained neighborhoods boost the value of your apartment. Do thorough research and select for an area that bids good appreciation value. This is the first step in confirming that your property has a good worth at the time of sale. Ensure proper maintenance- Make the slightest of the repairs of the apartment as early as possible is the simplest method to enhance the value of a home. Any damage or even small cracks is best-taken care at the earliest. Negligence of these minor damages will lead to bigger damages to the apartment complex and which may take more time and money to correct. Upgrade the home based on the necessities- If you have any plan to renovate or remodel your apartment, first evaluate your present structure with the support of a competent engineer/ builder and then take the help of a good designer to ensure that your structure is upgraded to the best potential form of its self at a viable rate. At times, the structures are so beyond patch-up, it is not wise to renew it, as it can be a useless workout. Examine for damages periodically-Periodically check your apartment for any damages and services gadgets installed and other things to ensure that all are running smoothly. As we all know, prevention is better than cure. It is sensible to keep your apartment in a good working condition than wait for it to be subject to damages to take care of it. It will not only enrich the value of your apartment in terms of its monetary value, but it also enhances its lifespan. Paint your house every once in a while-One of the best ways to add value to your apartment on a budget is by painting it. Choose for simple and soothing colors when you desire to put the house on the niche realty market. Stunning interiors and colors with a heavy character regularly tend to put off purchasers. Make certain to hire capable painters to reach a charming and even coat of paint for your apartment. Being artistic- The inexpensive and the best improvement you can add to your apartment is by placing simple artistic elements. Adding artistic wall paintings, wooden racks to place books, designing walls with creative graffiti, bean bags and so on, these may seem simple, but you would definitely be amazed to see the results. Add greenery- Adding landscape and greenery can truly enrich the value of your home manifold. We all like a touch of nature in our living spaces. So, try to add a small garden to boost the aesthetic charm of your apartment. Even though each home has a personality of its own, and one must try to preserve the same-shaping your home to have a mass charm is the prime factor in enhancing the apartment value. It must hold a similar appeal to various potential buyers who may visit it as the first look and it may vastly define its real worth. Keep these simple tips in mind to ensure that your apartment is much in demand amongst various buyers from diverse walks of life. If you are looking to buy an apartment and enhance it, then do consider our exclusive range of residential projects at prime locations of Kerala like Kochi, Thrissur and Trivandrum. Being the top builders in Kerala you can trust Varma Homes for your dream home. So, contact us today or please visit our website for more information on our latest projects.Read More
Tripunithura is the part of Kochi metropolitan area. It was the capital of the former Kingdom of Cochin. The 'Raja Nagari' - the royal city is one of the most prominent centers of traditional Kerala cultural heritage. When you live anywhere in Tripunithura, you are proximate to almost everything a royal lifestyle demand. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more, making living in the land of temples, dynasty and rich in history, a truly royal experience. Hill Palace is the largest archeological museum located at Tripunithura near Karingachira area. The Abhishekam Convention Hall is one of the meeting halls available in Tripunithura. It has a main bus-stand in its main centre with buses going from and coming into from different locations. Furthermore, Tripunithura has bus-stops in almost every part of the town which makes travel by bus easier. Railway transport is also available. It is a major railway station in Ernakulam to Kottayam route with many passenger trains and express trains have a stop over here. NH 49 passes through Karingachira. Ernakulam-Ettumanoor State Highway also passes through Thripunithura. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. To build a place, where you can find all your comforts and finally call home. At Maalika, a magical spell appeals your inside. The insides are crafted with unmatched blend of artistry, spatial elegance and design. Call it a perfect place to portray your inside stories in the finest canvas you have ever seen. We collaborated with talented architects and design houses to bring you the very best you can get. Located in the land of royalty, the rich historical mores of Thripunithura re?ects the depth of art, culture, and belief. The former rulers of Kingdom of Cochin were great patrons of art. This made fine arts and architecture flourish under them in many ways. Athachamayam, the cultural gala exclusive to this land alone, stands proof to the fact. Poornathrayeesa Temple lightens the lamps to the path of supreme deity. The Kelikottu of midnight Kathakali performances transport you to the traditional days of the past where the night is ?lled with Kacheri and Natyakalari. The prestigious RLV College of Music and Institute of Fine Arts, and Government Sanskrit College are just a few blocks away. Nearly half a dozen cultural societies including Sree Poornathrayeesha Sangeetha Sabha, Tripunithura Kathakali Club and the International Centre for Koodiyattom are active with cultural performances and programmes. Tripunithura also has many dedicated centers for stage performances and promotion of art. For building living spaces - location matters, convenience matters and finally, the creator matters. The conglomeration of all this, is the result - something beautiful and breathtaking. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. To build a place, where you can find all your comforts and finally call home. At Maalika, a magical spell appeals your inside. The insides are crafted with unmatched blend of artistry, spatial elegance and design. Call it a perfect place to portray your inside stories in the finest canvas you have ever seen. We collaborated with talented architects and design houses to bring you the very best you can get.Read More
Are you someone looking for new apartments or new flats in the metro city? Then this is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) 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 Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. On January 18, the GST Council had extended the GST concessional rate on projects constructed or properties acquired under the CLSS for the economically weaker section (EWS) of lower-income group and middle-income group. The home loan amount and interest subsidy rates are as follows: EWS - Individuals who are earning up to Rs 3 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. LIG - Individuals who are earning from Rs 3 to 6 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. MIG-1 - Individuals who are earning from Rs 6 to 12 lakhs per annum are eligible for a maximum loan amount of Rs 9 lakhs. Interest subsidy is 4% per annum and maximum interest subsidy amount is up to Rs 2.35 lakhs. And the maximum carpet area limit is 1291 sq. ft. MIG-2 - Individuals who are earning from Rs 12 to 18 lakhs per annum are eligible for a maximum loan amount of Rs 12 lakhs. Interest subsidy is 3% per annum and maximum interest subsidy amount is up to Rs 2.30 lakhs. And the maximum carpet area limit is 1614 sq. ft. A simple and transparent tax applied on the purchase price is the biggest advantage for property buyers. All under-construction properties will be charged at 8% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready to move in properties and completed projects, as there are no indirect taxes applicable in the sale of such properties. In case of under-construction properties, levy of stamp duty and registration charges on the buyer will continue. Under the current tax regime, the home builders are subject to central excise duty, VAT and entry taxes (levied by state) on construction material cost. On the services used (labour charges, architect fees, approval charges, legal fees, etc.), developers pay service tax of 15%. Real estate developers also grapple with the challenges of multiple-taxation and the cumulative burden eventually gets passed on to the buyer. As the benefit of input tax credit being considered as an added advantage, developers too will find the GST regime much simpler to work with. A move of bringing real estate under the purview of the new tax regime, would definitely come as a major boost for the real estate investors of the ready-to-move-in properties. As of now, only the buyers of under-construction projects are covered under the new tax regime. On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available. If you are someone looking for new apartments in Kerala and to get more information about any of the projects of Varma Homes, please do visit our website at www.varmahomes.com. And to make a booking enquiry, please use the form on the website or telephone +91 9645 88 33 33 and we will get back to you as soon as possible.Read More
If you want to increase your riches, entering into the business of real estate has always been a tried-and-true tactic. It's among the few investments that will thrive during a boom and then be securely maintained during a downturn. When it comes to selecting a great property that will be profitable, there are no special tactics or formulas to follow; it's simply a matter of using common sense. Investing in residential real estate is a popular way to put your money to work. Whether you're planning on buying a house for yourself or planning on doing investment, you must know the golden rules of investing in residential real estate. Here we've compiled a list of the golden rules in real estate to remember before investing, regardless of how big or small your investment is. Rule 1: Perception Vs Reality in the Housing Market When it comes to real estate investing, there is a big difference between perception and reality. While most people that get into the world of residential real estate investment have beneficial experiences, some people that get into the market for the first time will find things the hard way. So, before putting any money down, it's a good idea to do some research on a few properties and the surrounding area. There should always be strong demand impulses to help your investment appreciate in the future. Education institutions, proximity to public transportation, ease of access, a wide range of current amenities, and planned future improvements are just a few examples. Rule 2: Before Entering a Market, Learn About Its Current & Future ConditionsThe real estate market is not something to overlook. Before getting into it, make sure you understand everything there is i.e. know about the existing and future market conditions. Understanding your investment goals before buying real estate can help you make an informed decision on whether it’s right for you. When investing in the real estate business, you must understand what is happening in the marketplace so that you can make decisions accordingly. Rule 3: Pick a Healthy Real Estate Market & Carefully Select Location Real estate has always been a lucrative business, with plenty of opportunities for success. Yet, not all real estate markets are the same. To determine the best market to invest in, you need to consider several factors. The type of property you want to buy also matters when it comes to markets. For example, if you're looking at buying an apartment building or commercial real estate, then location is more important than the rest of the market conditions. Also, another factor is the employment rate. How many people live in your area and what type of jobs do they have? Are they mostly unionized or non-unionized workers? Do you have many people working in manufacturing or retail, or is it more service-oriented? You need to know this information so you can determine if your market will be able to support the kind of investment you plan on. That is, if the apartment you buy is in a high-demand area or is near to an industrial or educational area, then you have the possibility of renting an apartment. Or you can buy homes to resell them at a higher price later on, etc. That is, some locations will keep your property occupied at a premium monthly rental rate while also making high capital gains. While others will produce exceptional rental returns or are better suited for long-term capital gains rather than rental revenue. So, always select a location while keeping the city market and investment concept in mind. Rule 4: Seek Out Demand Drivers Before confirming a buy, potential buyers who have done their homework will always enquire about the demand factors that set it apart. As a result, always look for your apartment with the demand drivers in mind. New shopping malls, complexes, or towers, for instance, can be a prospective housing market with excellent rental income and capital appreciation. Infrastructure development, such as flyovers, metros, or new roads, as well as commercial hubs, can all be growth drivers. Because housing demand tends to rise in the medium to long term, these places could be a goldmine for you. In the meantime, you can supplement your income by renting a home.To summarize,When you invest in a home, you are making a big commitment. This is why it’s important to remember the golden rules for investing in residential real estate. If you follow these rules, it will be easier to find a property that offers high returns and low risk. So, contact the best real estate builder for your investment when it comes time to building your dream home. If you are looking for the best apartments in Kerala to invest in, Varma Homes is the right choice. Varma Homes offers a range of 2BHK and 3BHK apartments in prime locations across Kerala. We are one of the best residential apartment builders in Kerala and can assist you with all your real estate requirements. So don't wait anymore! Contact us today by visiting our website or giving us a call at +91-9645883333.Read More
There is no denying that India's real estate market is booming. The demand for property owners in the real estate sector has increased manifold in the last few decades. If you want to get into the property investment, then Kochi might be your place. The city of Kochi has a thriving real estate market and is home to some of the best properties in India.Kochi is not just a smart city. It is home to airport terminals, commercial growth, port-based industry development, cross metro rail, tourism, massive career opportunities and foreign investment. Kochi also boasts a burgeoning IT industry. In this blog post, you will learn about some of the best reasons to consider moving to this city if you want to take your wealth creation to the next level with real estate investment.Luxurious features:Builders are delivering premium homes and apartments in Kochi with luxury facilities as the demand for luxury residences grows. The facilities you choose are entirely up to you, based on your needs and budget. Because it is an issue of your everyday commute, accessibility to your business and important routes should be considered. Shopping locations and transportation accessibility should also be considered.Healthcare Facilities:During this medical breakdown, the hospitals and primary health centres in the city have responded quite effectively. This resulted in bringing down the rates of affected people and helped to restore life back to normal. Passengers arriving at the railway station and airport during this time were given thorough check-ups and made sure they continue to take proper care for themselves, even if they were not admitted to the hospital. Being an owner of an apartment in Kochi means you are guaranteed to stay healthy and secured in good hands. New international airport terminal to cater to growing demand Cochin International Airport Ltd (CIAL) constructed an INR 1,100 crore international terminal with a built-up space of 15,00,000 sq ft. It is designed to handle 4,000 passengers per hour and the new international terminal will have a very positive economic impact and uplift the real estate market in the whole region. The catchment will witness the development of new retail and commercial spaces along with a good supply of residential and hospitality developments to cater to the increasing demand.The increased international connectivity will also pave the way for global companies and cargo-based businesses to deploy and expand operations nearby. The international terminal, along with an operational metro, will significantly boost the city's real estate market and the catchment itself is expected to witness 15-20% rise in property prices.Education and ProfessionWhen buying apartments in Kochi, you should think about the educational and professional facilities available. Kochi is home to some of the country's most prestigious educational institutions. In the city, many foreign schools and institutions provide high-quality education. Kochi is now a burgeoning IT center, with the Infopark and Smart City providing a plethora of career prospects. As a result, professionals and the general public can find a wide choice of work and business opportunities in Kochi.The Support system: While we were busy living our lives indoors during the pandemic, there was a whole bunch of livestock, organic farms and godowns ready to serve the city's needs. Terrace gardens, farms and Fishermen folks slowly get their day-to-day activities eased and go smoothly, which essentially provides for you and your family in the future. Destination of Opportunities: Now, as Kerala has become the number one state in the entire country to show more positive signs in the recovery mode, the opportunities are flooding in. Being the perfectly modulated economic zone in the state, the city of Cochin is the number one prime spot for some major investments in the coming times. A recent report from a National Daily suggests that the manufacturers who are backing out from other countries are looking forward to investing more in India, especially in Kerala. This stands for new opportunities in business ventures and the job market. This way, it is possible to consider your apartment in Kochi and that dream will be paid off in the future. Market for happiness: The city of Cochin which we have witnessed, even before the pandemic was struck, has a lot in its bag and will reclaim its space, once it's all over. The hotels and restaurants are coming back to the track, the hangout places in Fort Kochi and Marine Drive will kick-start with people coming to share their thoughts and love. By securing your flat in Kochi you are invited to partake in these lasting moments of true happiness and smiles.Bottom lineKochi, not now but always stands for the richness of both culture and heritage making it a sought-after travel and tourist destination. This also makes a good reason for you to enjoy a bit of culture and heritage and carry forward the same in your life with your dream home. With all modern amenities available on tap, buy flats in Kochi, an ideal location for buying your dream home.For a luxurious and posh apartment, you can visit our website and look for flats in Ernakulam and Kochi. The team at Varma Homes is devoted to creating high-quality commercial and residential projects that are both inexpensive and attractive.Read More