The desire to have a place to call home is what provokes the majority of people to own an apartment. But sometimes, they are stuck in the EMI vs rent dilemma and hence they are hesitant to take a good decision. Many questions may arise, such as whether it is sensible to pay more for an EMI when I can rent it for a significantly lower price, or whether I can handle the bank loan interest, and so on. Yet, in the end, most people choose to settle down in their own home.
Now it seems that the residential real estate industry is at its best now with several favourable factors that force people to buy an apartment in their favourite location. People can access loans at historically cheap interest rates now. Owing to the RBI's decision to lower the repo rate, home loan rates have fallen below 7* percentage, compared to 8-9* percent a year ago. If you have adequate monetary wealth, you can purchase an apartment. Though, if you do not, then also, you can try to purchase a home with EMI. After paying high monthly rent, you will eventually buy your home. Paying EMI is better than paying high monthly rents. After all, finally, you have your own property to call "Home".
In the case of renting, rent is a monthly payment that does not result in the creation of any physical asset. Paying EMI, on the other hand, has important impacts: it not only gives you present shelter but also advances the proportional possession of the property. While it is true that renting relieves one of the stresses of EMI payments, property taxes, & other legal concerns that come with owning a home. Unlike apartment owners, renters do not have to pay for maintenance or repairs, & they do not have to pay property taxes. However, owning a property as an investment might save you a significant amount of cash, thereby leaving you to build equity and also the appreciated land value will promise you a huge return on your investment.
Owning your own home is desirable, & the time is when you can afford it. Affordability is usually a crucial factor when it comes to purchasing your own home. As a rental, you will not find a decent property for less than 15-20k rupees in a good area, so even if you stay there for 15 to 25 years, you won't have a home to call your own. However, if you buy it with a home loan, you have a home of your own; you won't have any trouble settling down when you retire, a home increases your net worth & credit score, your future generations have an edge over others, and so on.
Without a doubt, owning an apartment is a worthwhile choice rather than renting one. Renting does not allow you to build equity in the same way that buying an apartment does. Also, your rent could increase at any time. You're perhaps under the control of your tenant, who may order you to leave or defer repair demands. But, when you take out a loan to purchase a home, you're already mindful of the EMI you'll have to pay over time. But it is worth than renting. Let's look at a real estate property in Kochi as an example. Consider the following scenario: You need to pay 20K average in rent to get a housing, with around 5% increase in rent per year. The rental range will increase in the next ten years too. On the other hand, if you purchase a nice apartment for 40–60 lakh & pay an EMI of 30K with today's lower loan interest rate for a period of 20 years, you will save a huge amount in the long run. Also, it might be possible that in twenty years, the price of your apartment will also increase. So, think about whether you want to invest in it. That is, do you want to pay around 2.5 lakh in rent per year or do you want to own a house that will be an asset to you?
In fact, renting has its own set of benefits, such as flexibility, HRA, & lower monthly costs, among others. But when it comes to apartment ownership, it offers a long-term investment with the potential to create equity & raise the value of your house over time, as well as tax benefits & the option to transform your home into a source of income & integrate yourself into your community. Furthermore, by taking the step of purchasing your own home, you provide greater stability for your family's lives as well as their social lives.
Besides, the sense of security & pride that comes with owning a house is unrivalled. And it is better to own your dream apartment through a mortgage, since it'll be all yours after a few years & you won't have to pay for it. But a rental house will always be for rent & you'll be paying for it for as long as you live there. Hence, it's quite obvious which option is the greatest.
So, don't get caught up in the buying vs. renting debate any longer! Buy your dream home with Varma Homes, one of the leading builders in Kerala, offering apartments in Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode with top-notch amenities.
Kochi, also known as Cochin, is a bustling city located in the southwest coast of India. The city has witnessed rapid growth in recent years and has become a popular destination for real estate investments. If you're looking to buy an apartment in Kochi, it's essential to choose the right location to ensure a high return on investment. In this blog, we'll explore the 10 best areas to buy an apartment in Kochi.KakkanadKakkanad is one of the fastest-growing areas in Kochi and is home to Techno Park Kochi which is a famous IT hub and World Trade Center Kochi . The area is well-connected to other parts of the city, making it an ideal location for working professionals. Kakkanad also offers a range of residential properties, from budget-friendly apartments to luxurious villas, what makes it more attractive is that all your family needs are met, well connected to Sunrise Hospital, Metro Station( in progress), Banks - ICICI, Federal, Canara and so on. ChottanikkaraChottanikkara provides everything an aristocratic existence requires. In this village is the well-known Chottanikkara Bhagavathy Temple. The area is easily accessible from MGM School, Bhavans School, MITS Engineering College, Nucleus Mall, clinics, and others. It is the ideal location to live due to its excellent connectivity to the seaport-airport road, Kochi's major attractions, and more. Water accessibility and the abundance of lush vegetation are a couple of other strong reasons to choose this location. Pick your ideal home's location in Kochi from among these options.KaloorKaloor is a bustling residential area located in the heart of Kochi. The main highlight of this location is JNL stadium, a place known for its amazing ambience and various sports and cultural activities. The area is well-connected to other parts of the city and has several attractions and must visit places like Davids Pavilion, Brindhavan Vegetarian Restaurant, Kaloor Metro Station (JNL) and entertainment centers. Kaloor also offers a range of residential properties, from budget-friendly apartments to luxurious villas.VyttilaThe largest and most well-known intersection connecting the S. A. Road, the Thammanam Road, the Vyttila-Petta Road, and the famous Kochi Bypass. Inland water transportation (Water metro), buses, trains, the Metro Rail, and other surface transportation choices are all connected to Kochi through the Vyttila Mobility Hub. Name anything you will find in Vytilla. The mobility hubs, Welcare Hospital,TocH School, playschools, nurseries, restaurants like Supreme Upper Crust and Thakkaram, , backwaters, banks, railway stations, and clubs make it one of the finest places to reside in Kochi.EdappallyOne of the city's most well-developed neighbourhoods is Edappally and a famous spot in Kochi. It is the most active area in Kochi due to the quick growth of commercial and residential developments. One of the best draws in the area is Amrita hospital, Renai medicity, Kinder hospital and aster medicity along with Lulu Mall, the biggest shopping centre in India. Other famous places like St. George's Syro-Malabar Forane Church, Edappally Metro (busy metro station), Museum Of Kerala History a mix of fusion as this location offers everything one wants. If you reside in an apartment in Edappally, you will be close to city life in Kochi.KadavanthraNear the M.G.Road and Ernakulam Junction, is the important business district of Kadavanthra. The area has upscale retail establishments and a growing commercial main street. The Kadavanthra Metro Station, which services the Panampilly Nagar/Kadavanthra neighbourhood, is made possible by the intersection. It is located in Kochi's commercial district and is central to the city. In addition to being close to the South Railway Station, Kadavanthra has fast access to Kaloor, Vyttila, and the Cochin International Airport along with quick access to RSC(regional sports centre) , Medical Trust Hospital, Silverline Hospital, Welcare Hospital, Kendriya Vidyalaya, Bhavans Girinagar, TocH School, Yacht Club and Gymkhana ClubPanampilly NagarIt is a posh residential spot because it may be the cleanest and most beautiful area in Kochi city. The area is quickly developing into a high-profile private area and has a reputation for offering a serene, comfortable, and opulent lifestyle. The growing number of clothing Boutiques, eateries, and spas encourages buyers to choose this area for their ideal homes. It is one of Kochi's most prestigious residential colonies because all amenities are easily available. Fort KochiFort Kochi is a popular tourist destination in Kochi, offering a range of residential properties. The area is home to several tourist attractions, including the Chinese fishing nets, the St. Francis Church, and the Dutch Palace. Fort Kochi also offers a range of residential properties, from budget-friendly apartments to luxurious villas. Fort Kochi is known for its heritage and culture preservation even after so much commercialization.ThrippunithuraThrippunithura is one of the best places to stay in Kochi because it is a renowned historical and residential neighbourhood. Sree Poornathrayeesa Temple is well known for its ancient cultures, but the area is also well known for its yearly celebration, Vrishchikoltsawam. Since it is well linked by rail and road networks, it is only about 7 km from the city centre and a great location for both education and habitation. There are several educational establishments in the area. The biggest Metro station in the Kochi metro rail project (Vadakkekota metro station) is in Thrippunithura. A place known as a global tourist attraction, a million flock to visit the Palace, which has been an iconic place and a movie location for many blockbusters.If you are searching for residential apartments for sale in Kochi with a range of amenities, then Varma Homes offers you a wide range of apartments in and around Kochi. With the trending demand & craving of investors to capitalize on quality styled apartments, we craft our residential projects with the blend of all modern and traditional comforts. Well, the economic capital of Kerala, Kochi has witnessed a massive real estate boom. The realty market is fast flowing into the edge of the city, transforming them into the next best destination to invest in.Read More
There are numerous things to think about when purchasing a luxury apartment in Trivandrum. Thispurchase will allow you to build the home of your dreams for your family. As a result, you shouldthink carefully before choosing which property to consider. The location and surroundings need tobe considered first and foremost.Neighborhood is important when you buy flat in TrivandrumYou shouldn't settle for a bad neighbourhood. It ought to be a tranquil neighbourhood withconsiderate neighbours and a reliable security system. Additionally, it should be close to all of theimportant amenities like hospitals, schools, and colleges.Following this, you can consider additional elements including the apartment's location, size, andfacilities. Check to discover if there are any additional amenities like swimming pools, gyms, orrecreation areas available.It is crucial that tenants have all of these amenities in their residence, in addition to a number ofothers, if you are purchasing an apartment to rent out to tenants.Commute TimesThe second thing to think about is how long it will take to go to municipal amenities. Purchasing aluxury apartment in Trivandrum, especially one within the city limits, can be expensive andoccasionally exceed your budget. Go for it if you can afford it.The Apartment's LocationWhen buying a flat, it's crucial to keep the apartment's location in mind. The apartments inTrivandrum should be situated so that staying there would satisfy all of your needs. It should beclose to reputable hospitals, schools, and markets, as well as other amenities like post offices andATMs.You shouldn't have to worry about anything while visiting if it is safe, tranquil, and has little to nocrime. The neighbourhood in which the home is situated is crucial because, if all goes well, it willmake your decision simple.The cost of the homeThe cost of the home should not exceed what you can afford to spend on it and should fall withinyour budget.If at all feasible, seek assistance from a professional or real estate agent who can inform you on theneighborhood's location and other amenities as well as the average cost of homes there.Visit the region if you can so you can see how much room is available there and what amenities,such as hospitals and schools, are close to your home.Future Resale Value while purchasing a Trivandrum apartmentThe second factor that should be carefully studied before buying a flat is the pricing. It needs to bereasonably priced and within your means.The property's location is a crucial consideration while choosing it. You will have to spend moremoney on transportation if it is not at a convenient location. Therefore, it should be in a goodneighbourhood with all the essential services like markets, hospitals, and schools.Before buying a home, there are a lot of factors to think about. If at all possible, visit the property toexamine what is offered before making a decision.Infrastructure QualityIt is crucial to be aware of the infrastructure quality in the area where you are purchasing a home. Itis challenging to investigate this before you purchase a property, nevertheless.Therefore, if at all feasible, ask others who have already purchased properties in that area.Before buying a property in any city, you must also take into account a number of other factors. Areal estate broker or an expert should be consulted before making a decision.Community feeling in the area.The neighbourhood where you plan to buy a house should have a strong sense of community. Thiswill assist you in meeting new people in the area and having fun with them.Due to the rapid market change, now is the ideal time to invest in or purchase residential properties,flats, and apartments in Trivandrum. One of Trivandrum's most reputable and trustworthy builders,Varma Homes, provides high-quality residential buildings with top-notch amenities in excellentlocations.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
Yes, it is true that the unexpected flood badly affected the beauty, peace, economy and heritage of the God’s own country. More than 350 people lose their life, many are displaced and huge loss of infrastructure are caused due to this flood. The magnitude and intensity of the floods, landslides in Kerala are very large. But the major consequences of this disaster is the realisation that the obligation of taking maintenance and care of the security and safety respites straight on individuals themselves. Many people, organizations, institutions and countries open their hand and heart to support Kerala to overcome this terrific situation. It revealed the element that the people are more generous and charitable than we thought. So it gives a renewed hope for building a wealthy future in the midst of divisiveness and hatred. Efforts are now under process to make a new Kerala with the fresh start to rehabilitee all the victims, rebuilding the air, road connectivity and also the whole affected areas. Varma Homes is always dedicated to constructing happiness since rehabilitation is a prolonged process we plan to keep our service and offers that should be favourable to our victims and also for the creation of the new Kerala. We are the pioneers for establishing delicate lifestyle with our brand new apartment and flat projects across all the cities in Kerala. We assured you that we are capable to present you another world of fulfilment, security through our finest apartments and luxury villas within the affordable prices to the customers. Varma homes set a benchmark for satisfying their client’s expectations and requirements. We already raised our hand to contribute our donations to the rebuilding of Kerala with our latest affordable services and projects. Varma Homes Join hands to the Comeback of Kerala Kerala recently faced the worst flood in the century and the daunting chore of reconstruction and rehabilitation from floods mock-ups a huge challenge. During this crisis, people showed a great resilience and also displays the emulate power of Kerala to the world. A unity of action is discovered throughout this crisis time. All divisions, regardless of religion, politics, creed, caste, gender, and business worked collectively to pull up Kerala. Our projects mainly spread across various cities in Kerala like Trivandrum, Thrissur, and Kochi. All our projects in these locations were not affected by this flood. We also made all necessary precautions to protect our projects from this natural disaster. Since we are always committed to deliver our services in terms of quality and worth beyond business profits, we also pitched this crucial time of Kerala with wholeheartedly and generously. We definitely play our role for the comeback of Kerala by putting innovative ideas and projects for encouraging and backing the rebuilding efforts of the whole state. Since the Government main motto is to not only limit to the restoration of Kerala to the pre-flood times but also to create a thriving path towards the new emerging Kerala. For this, we are interested to offer our services to the minimized costs or in discount amount for distributing our apartments to the right victims. It is true that Kerala is receiving huge support and love from the world’s each corner and nook. So it is our pleasure to be a part of this rebuilding process of Kerala by our smallest contributions. Since we are the best builders in Kerala and we are dedicated to promising the noble class of living to our clients with our goodwill and promptness of our projects. We centre on earning the trust and confidence of our customers and to advance the supreme with our best facilities. We understand the great responsibility of us towards customers, society and country. Our creation of latest projects continues with the advanced innovative living amenities to our most valuable customers. Our capable workforce tuned our client’s dream apartments and villas into reality along with our latest mission for the rebuilding of a novel and fresh Kerala. We hope this nobility will continue in future as our firm emphasis on quality and value.Read More
The populaces from outskirts are getting well employed and shifting to metropolis due to faster infrastructural development and greater career opportunities. With higher availability of jobs and better educational possibilities, the greater Cochin is immensely growing at an incredible pace due to huge investments of IT sectors in its locations. In case of Trivandrum and Thrissur, they are also the larger IT hubs creating enormous career opportunities. The basic reason for this growth is the heavy inflow of NRI funds from people settled abroad. The IT sector is booming at a lightning speed and thereby generating many more job opportunities in these cities. In case of Kochi and Trivandrum, with such a massive growth happening since a couple of decades and with many more job openings; most families have one or more persons as bread-winners. And their surplus income is used to invest into flats in Kochi and Trivandrum. If you are making a wise decision to buy a property in one of the prime locations from the best builders in Cochin then you are almost guaranteed with the asset value appreciation in the future. You can either live in your own flat or you can enjoy the lease/rental income accrued out of it. And with the rent and lease options, you are also assured with a very high rate of monthly returns from the higher income groups who are in search of such properties available on rental or leasing basis. Varma Maalika and Varma Regent from Varma Homes are the ready to move flats in Cochin conveniently positioned in the most happening residential locations of Kochi city. Varma Dr. Pai's Heritage the super luxury apartment project of Varma Homes is the ongoing Flats in Trivandrum located at the heart of the city. Varma Spectrum, the upcoming Apartments in Thrissur is one of the prestigious projects of Varma Homes. If you are someone looking for real estate investment in the major residential locations of Kerala, then do consider Varma Homes, the reputed builders in Kochi offering: Apartments in Kochi Apartments in Trivandrum Apartments in ThrissurRead More