Importance of buying apartments in Thrissur
Importance of buying apartments in Thrissur
High demand
Thrissur is a popular destination for both tourists and residents, which means that there is a high demand for housing in the city. This demand makes it a good investment opportunity, as you can expect to have a steady flow of renters or buyers for your apartment. The city's burgeoning status as a cultural and tourism centre has also boosted real estate demand. The city is well-known for its lively festivals, museums, and monuments, which draw people from all over the country and outside. Thrissur also has numerous famous educational institutions, world-class healthcare facilities, and a thriving IT industry, making it an appealing destination for students, professionals, and families. Because of the great demand for real estate in Thrissur, property values have steadily increased, making it an appealing destination for real estate investment. Whether you want to purchase a house or invest in rental property, Thrissur is an ideal choice due to its high demand for real estate.
Developing infrastructure
Thrissur is currently experiencing a period of rapid development, with new infrastructure projects such as highways, metro rail, and an international airport underway. This growth is likely to increase the value of your investment over time. Many large initiatives are underway in the city that will revolutionise its transportation and connectivity, as well as its economic and social landscape. Another noteworthy development in Thrissur is the projected Puzhakkal Riverfront development, which would be a major tourist destination as well as a source of economic growth for the city. Among other things, the proposal calls for the creation of a riverside park, a shopping complex, and a water sports facility.
Cultural and historical significance
Thrissur is known for its rich cultural and historical heritage, with numerous festivals, museums, and monuments that attract visitors from around the world. Investing in an apartment here allows you to be a part of this vibrant cultural scene. Thrissur is also well-known for its numerous festivals and cultural activities. The Thrissur Pooram is one of the city's most prominent events, drawing thousands of people each year. The event features a parade of adorned elephants, lighting, and traditional music and dance performances. Many museums and galleries in the city reflect Kerala's rich cultural and aesthetic traditions. The Kerala Lalithakala Academy is a prominent art gallery that exhibits works by some of the state's most well-known painters. Another famous site is the Thrissur Archaeological Museum, which shows items from diverse periods of history.
Education and healthcare
Thrissur is home to several prestigious educational institutions and world-class healthcare facilities, making it an attractive destination for students and professionals. Thrissur has a robust network of private and public schools that provide high-quality education at all levels. The city's emphasis on education has contributed to the development of a talented workforce, making it an appealing destination for businesses and investors. Thrissur features some of Kerala's top schools and institutions. Many notable educational institutions, including the Government Engineering College, Kerala Agricultural University, and Sree Kerala Varma College, are located in the city. These schools provide a diverse range of courses and programmes, ranging from engineering and technology to medical, law, and liberal arts. The city maintains a network of clinics and health facilities that provide low-cost healthcare to the general people.
Weather Conditions
In general, Thrissur experiences nice weather. The winters make up for both the humid and scorching summers and the copious rains brought on by the monsoon. To experience the finest of Thrissur, visitors take advantage of this pleasant and comfortable time of year. Since Thrissur is surrounded by a lot of natural greenery, a peaceful getaway is never far away at any time of the year. Every morning, the air is filled with the sound of birds chirping. Every evening, pleasant breezes rush by, and in the distance, waterfalls are gurgling.
Buying an apartment in Thrissur can be a good investment due to its high demand, developing infrastructure, cultural and historical significance, education and healthcare facilities, and natural beauty. This is a city with a distinct combination of cultural heritage, natural beauty, great education and healthcare, and a thriving real estate market. The city is well-connected to major cities in Kerala and has a solid infrastructure, resulting in increased demand for real estate.
Releated Blogs
Reasons Why Flats in Kochi Are the Best Option for Sale
In the city of most up-to-the-minute events, Kochi, you can earn a bit more if you make the right investment. If you have just moved to Kochi, this is a great way to learn why Kochi stands to be the best city to settle or invest in.Lots of pre-launch, upcoming and ongoing Flats in Kochi for Sale in Suburbs will be constructed to fulfil the desire of the customers who would like to live in an ultra-modern city and get all types of facilities in the tier II city like Kochi. Real Estate Kochi is incorporated in the first position when compared to the other metro cities in Asia and it is not just working with residential projects but also putting hands in commercial projects of IT Sectors, trendsetting shopping malls, business houses which are situated across the entire city.You always do not need to own a fortune to make more money as such silent, passive income sources will fetch your earnings even while you work elsewhere. If you are ready to think about investing and selling flats in Kochi, scroll over!High-Quality Building StructuresIf you are looking for a new flat, you will first look at the strength and credibility of the builder you invest in, right? Now, in the case of quality and premium flats in Kochi for sale, they are bound by strict quality measures of construction quality. Unlike the big metropolitan cities, where everything goes through stringent procedures before the flats are delivered to the customers. Owing to the climatic differences, the builders make it a point to bring in solutions that will solve the stress of flat owners at any point in time. Since the focus is on investment, quality builders make sure to build a lifelong promise of strong structures in Kochi.Legal WorkBy buying or selling a flat in Kochi, you can be assured of getting all the right papers in your ownership. This is because as per the rules, builders pay the necessary taxes and all other dues. This ensures that more than half of the background study for your investment for a flat in Kochi is done right. If the flat owner is in the custody of the right documentation, then you can also pursue a smooth sale. If you do not have the proper papers, which would lead to unnecessary complications like sibling fights, or flat inheritance. In Kochi, the people are pretty sure to get everything in print and that helps you to cross-check the details.Passive IncomeThink about your retirement plan. We all need a source of passive income. For example, the spacious flats in Kochi are a great source of attraction for those who love to sell out homes to foreigners. Over the years, since the living costs are rising, selling the flats is a viable option and then again making a buy soon. This allows investors to keep the money rolling and the investment will grow your bank balance too. Note that there have been many retired professionals who have come back from the UK, USA, and even Africa and they have been able to enjoy their retirement life in Kochi with this glorious sale of their flats. So, if you are earning an income now, you should try to save up and invest in one or two flats that are affordable to the people.Wonders of Nature & ClimateKochi is known to be a place where the climate is just awesome. This is one of the reasons why a lot of eco-friendly tourists gather in Kerala every year. Kochi is the first point from The International Cochin airport where tourists can get down and connect with the most iconic hill stations in South India. A great climate is one of the major factors that keep people coming back for a permanent settlement. Also Read: What are the common mistakes to avoid while investing in real estateScope for GrowthNext time you opt to search for flats in Kochi for sale, you must understand that this is a great decision in your capacity. Kochi is a city that is growing fat, expanding in terms of business and development. Today, this is one of the most preferred spaces for start-ups and that means there is a fabulous amount of inflow and outflow of money. So, if businesses are to start, the owners or rather the founders would love to invest in a permanent living flat rather than rentals every day.So, this is your golden chance to sell your flat and build your secured source of income. We don't say that you should stop there. You can always reinvest and buy new premium flats in Kochi for a quick sale. Price of Property in Kochi is appreciated very quickly and the Real-estate Kochi is nearly as good together with the high rises of huge cities around the globe named Shanghai, Singapore, The big apple, Moscow and London. Return of investment is profitable here.
Read More
Why Do People Look Forward To Shifting Into Larger Homes?
Owning a dream home or apartment is everyone’s wish list. The size of the home is one of the crucial factors for your home-buying decisions. In early times people first purchase a small flat and then move into a bigger home once they have a bigger family. Buying a spacious house isn’t going to get any inexpensive in the next 10 to 15 years, needless to say, the inflated interest rates when it comes to taking a loan. Therefore, now purchasing a larger apartment such as a 2 or 3BHK is a sensible choice as compared to waiting to buy it later. Before buying, you need to consider the future appreciation of property rates, amenity factors and other lifestyle. So let’s have a look at the benefits of shifting into a larger apartment. Various generations under one roof By living in a bigger apartment, all generations can easily thrive under one roof. They can perfectly fit in your apartment, even when you have kids. And, surely, your kids will love the idea of spending more time with their grandparents which will help them to know the value of the relationship. On the other hand, if you have nuclear families, most of the home builders know the value of privacy. So they design separate rooms for parents and children. Also, with the increasing income of professionals, most of the people like to have a full-time maid or home nurse to give care for their kids and grandparents. Hence separate rooms for each one is essential. So by living in a bigger apartment, you can easily solve this room scarcity problem that you faced in your smaller flats. Make comfortable office space When you had a great business plan and dream to start with it, you can keep a specific space for your dreams in your bigger apartment. Or if you have to benefit the modern working choices like work-from-home, the extra room in your bigger apartment can be converted into the comfortable office space, letting you the choice to keep your work and home life separate though being in the same space. Beautiful Interiors The careful designs and architecture of the 2BHK or 3BHK flats are beautiful, ground-breaking and contemporary, offering a modern family the best in terms of a posh and luxurious lifestyle. By owning luxury spaces, you can have spacious floor plans, wood floors, granite countertops and many more which is not possible in a smaller flat. A 2BHK or 3 BHK apartment goes a step beyond and promises a classy and chic living experience. Avail hangout rooms for all age group When you decide to shift from compact to luxurious living, there you have another advantage that availability of enough rooms for everyone. Because everyone needs a place to be comfortable and relax. Especially if there are any older people, there is a room that they can relax and indulge in their own favourite activities with full privacy. In the same manner, the younger and the middle generation get their own spaces to chill with their friends or to boost up their own inner self. So when you have bigger apartments you don’t need to worry about the hangout rooms for you & your family members, as there are rooms for every kind of age group. Better security systems Living in a luxurious 2BHK or 3BHK apartment promises you increased safety and also prevents intruders from entering your home. You can just relax without any safety fears for a good night’s sleep. This is more useful and vital when there are kids and elders at home. So in this era of frequent robberies, with better security systems you can be sure that you are safe at your home. Good investment with less money To invest for a longer run, undoubtedly investing in 2 or 3BHK apartments is beneficial. You can buy luxurious housing spaces at a price comparatively much lower plus more benefits instead of buying compact apartments. As the demands are quite high, the resale value of apartments is always greater than invested. The percentage of profit depends upon the location and demand of the region, but getting a profit is for sure. Be it for end-user or rental, investing in a property in metropolitan cities at present proves to be a smart decision. So the final concluding part would be that why not opt for bigger apartments which are armed with all modern amenities and facilities creating life a smart and finest experience for you and your family and bringing together the exact mix of comforts and convenience of the city. Looking to buy apartments in Kochi? It is about time that you check out the residential apartments at Varma Homes as we are the top builders in Kerala. Each of our residential projects in Kochi come with an extensive series of high-end apartments. Take a look into our most prestigious projects like Varma Maalika I, Maalika II, Padipura, Kottara and Bougain Heights Purple at Tripunithura. A combination of the high-end amenities, backed up by great connectivity and an efficient transport system including the advantage of metro services, is what attracts a person to invest in property at Tripunithura. From the numerous choices, you can choose your perfect one that focuses on your housing needs and demands.
Read More
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!
Read More
HOW TO SELECT THE RIGHT HOME BUILDER TO MAKE YOUR DREAM HOME A REALITY
Everywhere you gaze, you can see a new residential project offering the top amenities for your needs. In this competitive realty market, there avail number of choices, so how does one select the right choice for them. Selecting the right builder plays a major role while purchasing your dream home. Trusting someone to handle our biggest dream is not a simple task, but here are some tips, which will guide you to settle on the proper builder to construct your dream nest. Know Your Builder Before you buy your dream apartment, research your builder. There are various builders of repute in Kerala and most of the information and details on their past projects is public knowledge. However, the ideal way to comprehend the builder well is to talk with their existing customers about their project delivery schedules, how they deal with them daily, their work quality and so on. Check Well the Authenticity Any residential project in Kerala requires RERA certification. Therefore, a builder has to add all the information about the project online. Here one can get the details about the builder as well. Besides, you have another valuable resource like the Ministry of Corporate Affairs official website to access the list of registered builders along with information about them. In this manner, one can understand how authentic their builder is. Previous Work Any time when you start something new, people will always check your earlier work. The same is in the case of builders. So before finalizing a deal do visit a few completed projects of your selected builder. See whether you are comfortable with the way it is designed, the facilities provided, the quality of construction and its aesthetics. The project you have chosen may be quite different from the previous ones, but then again it will give you a basic hint of how the builder maintains the project. Observing at various completed projects will also give you an idea of the range of work the builder can do. Bank Approval If a bank has approved a residential project it is safe to assume that the builder has proven to be financially, technically and legally sound. To approve a residential project bank have to conduct a stringent investigation about the project and study all aspects of the project. Since owning your dream home is your key investment of a lifetime, and you would not want to take chances. So before buying your apartment check whether the particular project has got all the bank approvals. Reputation & Recommendations Incredible builders have equally incredible reputations. Good word of mouth makes or breaks any custom home manufacturing professional, so search for custom homebuilders whose reputations precede them positively. Finding the right homebuilder will confirm that your path to that dream home is as smooth and efficient as possible. If you are looking for an excellent custom homebuilder, connect with Varma Homes, one of the top real estate builders in Kerala for a consultation. We have our ongoing residential projects in major parts of Kerala like Trivandrum, Kochi & Thrissur. You can completely trust with us, as we are following all the criteria’s that require for the construction of an apartment. After all, we know that buying a home may the biggest purchasing of your lifetime. So, without any doubt, you can trust us. Be ready to invest your interest with us and get a lifelong investment!
Read More
How RERA benefits make buying an apartment the safest thing for you now?
It is possible that, as a first-time buyer while deliberating on purchasing a dream abode, choosing an apartment will cause you to second-guess your thoughts. After all, it's your hard-earned money and the secure future of your family that’s on line. There was once a time when different builders had different standards and principles applied to the purchase of an apartment, stirring confusion among home buyers. This is the reason why the Indian government brought about a revolutionary change in 2016 to safeguard the interests of existing and potential buyers. The Real Estate (Regulation and Development) Act was enacted in 2016 and the Real Estate Regulatory Authority (RERA) was born. The Kerala Real Estate Regulatory Authority (KRERA) was founded by the Kerala government to regulate and enhance the real estate industry in the state. KRERA is the new real estate champion, supporting accountability, citizen-centric policies, and greater financial discipline while defending the rights of investors. This Act is a sigh of relief for consumers as it makes real estate dealings transparent. Here are the positive RERA ACT benefits for why you can confidently buy an apartment now:? Exposure to comprehensive informationOne of the most essential benefits of RERA for house buyers is the right to property information. You get thorough information about the property that you are purchasing as a home buyer. When it comes to making prospective selections, this type of knowledge can be quite useful to a purchaser. The developer or builder should share with you all the project information, such as the layout plan, building phases, action plan, and completion status. ? A normalised carpet areaThe carpet area, or the area of the apartment apart from the width of the inner walls, is the space that can actually be covered by a carpet. Prior to the RERA Act, builders used their own technique or calculation for estimating the carpet area of a unit or property. RERA, on the other hand, has codified or standardised how a builder determines the carpet area. As a result of the RERA Act's implementation, a builder must now specify how much carpet space they are providing. Property prices in India are now determined by carpet area. ? No more holdups in projectsThe possession date for each flat must be specified by the property developer. The developer will face a flurry of penalties if the project is not completed by the deadline. If the developer fails to deliver on the specified date, the buyer has the option of either withdrawing from the project and receiving a complete refund, including interest, or continuing to work on it and receiving reimbursement and interest. ? Control over advances One of the great benefits of RERA is that a builder cannot charge more than 10% of the cost of the flat as an advance or application fee before entering into a sales agreement. ? Flaws are held responsible If a buyer discovers any flaw or problem in the structure, quality, or service of the flat within 5 years of ownership of the flat, the builder is required to rectify the deficiency within 30 days at no additional cost under the RERA Act. The buyer would be able to claim compensation if the builder failed to correct the fault. ? Mending broken promisesThe buyer has the right to litigate if the builder's obligations or promises regarding the actual project do not match. The buyer then has the right to decline the projects and receive a full refund of the initial deposit, plus interest and compensation. ? Approval before selling offBuilders may have sold projects without the necessary permission in the past. This is not the case under RERA now. Builders and real estate brokers will be obliged to register with the authorities, providing every detail about their projects, and only then will they be permitted to sell them after receiving the necessary approval. ? Prohibition to deviate fundsTypically, a developer will be working on multiple projects at the same time. They used to be able to divert funding between projects as they pleased. After the implementation of RERA, this will no longer be possible. The builder must set aside 70% of the project's proceeds in a separate bank account. He can only withdraw money from such an account after the project has been completed and certified by a civil engineer, an architect, and a practising chartered accountant. Because the funds can no longer be diverted to other projects or used for other purposes, they will be used for their intended purpose. ? Fast track grievance redressalComplaints against a builder can be brought to the state body established under RERA, which will have the jurisdiction to resolve all. If you disagree with the order, you may appeal to the Appellate Tribunal, which will resolve your case within 60 days. It will keep track of the reasons for any failure to do so also. The Varma PromiseWe at Varma Homes understand the buyer’s requirements and concerns. Therefore, all of our projects from the year 2019 are KRERA approved, following the industry norms, and are delivered as per our given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-won endeavours and investments of many. If you aspire to buy an apartment in Kerala, Varma Homes is all set to take you ahead. We are a renowned real estate builder who specialises in providing accessible residential properties. You can select from a variety of alternatives to meet your needs and budget. We started with residential construction in Kochi and have since expanded to Trivandrum and Thrissur. Our major launches will be coming soon in Calicut and other important cities. Choose the option that best meets your requirements! For additional information, please contact us at 9645 88 33 33.
Read More