Kochi Metro Extending to Chottanikara | More Opportunities in Real Estate Investments
Kochi Metro Extending to Chottanikara | More Opportunities in Real Estate Investments
Hey, here's the good news! Now the Kochi metro is extending to Chottanikara, an apartment in Chottanikara will be an added benefit for homebuyers. With mobility being diverted to the metro, convenience in commuting at Chottanikara would be hassle-free. Its proximity to the railway station, proposed municipal bus terminal and the easy access to seaport-airport road would be definitely an added advantage. The Kochi Metro has upturned the brand image of Kochi and increased major investments; specifically in the real estate industry. The closeness to metro has become a key selling point for all the builders. It is indeed that owning property near a metro station has its own profits in terms of the future appreciation expected out of it.
Are you right now confused about what will be the perfect place where you are right in the buzz of the city, yet apart from all the bustling rush? Well, consider Chottanikara. Here is why! We all know that Kochi is busy with traffic, business and whatnot. Your next home would ideally be far away from all these buzzes and yet should be within reach of the town. That is why Chottanikara is the best option. It offers you what noble lifestyle demands. The well-developed infrastructure, upcoming metro rail line for intra-city connectivity, a wide range of health care facilities, crowned with tourist places, the wide spectrum of business and job opportunities etc. are some of the reasons why Chottanikara is evolving into the most desired destinations of property buyers.
If you have any plan to buy an apartment tucked away from the busyness of the city and placed in the most tranquil living environ of Chottanikara then there awaits you Varma Homes Bougain Heights! It is 2BHK & 3BHK compact apartments near Thiruvankulam with all modern amenities. Altogether, it is simply the luxury behind comfortable living, soothing nature and excellent quality standards. Now the metro rail extending to Chottanikara boost housing demand and give you another reason to select Bougain Heights as your dream apartment near Thiruvankulam.
Let’s Check Out Other Reasons Why You Should Buy This Bougain Heights
Fresh Air, Unpolluted Water & Close to Nature-Away from the din & bustle of the city, Bougain Heights brings a peaceful life amidst the blessings of nature. Here, the hypnotizing views of lush green surroundings instill calmness in mind, and the wind that carries fresh cool air is a refreshing presence. Above all, this land of idyllic magic gives you unpolluted groundwater & is a true green paradise amongst apartments in Kochi.
Proximity to Major Industrial Hubs-Bougain Heights located near Thiruvankulam, a small town within city limits but having all privacy of a village atmosphere. It is close to the major industrial hubs of the city like Cochin Refineries, IOC, and HPCL. This makes Thiruvankulam a preferred locality for buyers specifically for the professionals working in these respective industries.
Richness of Both Culture & Heritage- The richness of both culture & heritage in Chottanikara oozes through the nook and corner of the city making it a coveted travel and tourist destination. This also makes a worthy reason for you to purchase your next home here if you are the kind who love a bit of culture and heritage and want it to be part of your everyday life.
Good Accessibility- Here getting around is never a hassle. It has excellent connectivity to the seaport - airport road, mini bypass, & other transit modes. Also has proximity to all modern needs like schools, colleges, hospitals, supermarkets etc. The real estate potentials of this place are highly striking which makes a superb choice for a person looking for an apartment in Kochi along with investment interests.
Tech Town Is Just Around the Corner- There is no doubt that Infopark, the IT hub of Kochi, is one of the reasons why the young generations are migrating to settle down in Kochi. It is located near to Thiruvankulam being just under 10 Kms is the perfect location for all techies looking to settle down.
Residential Township- This is blessed with a strategic locality and has a lot to offer as a residential zone. Combined with continuously improving social infrastructure, residential layouts and gated communities make Thiruvankulam a thriving residential hot spot in Kochi to live peacefully and to invest in the future.
The whole town is placed so perfectly that it is always not too busy & at the same time, not too detached. Isn't that what we all need? So to own a home in Chottanikara, visit Varma Homes – the top builders in Kerala who deliver projects on time and build top-quality apartments in Kerala with a good finish.
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A Little Slice Of Life at Cochin
Kochi, the Queen of Arabian Sea, is the spotlight of many developments, especially it is hub spot of real estate market. The well-equipped social infrastructure, the multitude of eateries, entertainment, technology and cosmopolitan culture makes Kochi as the more vibrant cities in God’s own country, Kerala. Often referred to as the economic capital of Kerala, Kochi offers great opportunities for investment. Numerous builders and real estate companies have chosen to set up their residential projects in diverse areas of Kochi. This has also opened up countless choices for people who are looking to purchase apartments in Kochi. Many factors drive the real estate market of Kochi forward. #1 Varying living Lifestyle The life at Cochin City gives away the best lively living lifestyle with all the needs at the doorstep. One can enjoy the pluses of the God’s own country filled with the modern lifestyle that this fast-growing city has to offer. It offers significant infrastructural facilities to its citizens. Be it educational institutions, healthcare facilities, retail outlets, shopping malls, modes of transport, or recreation centres, the Kochi provides you access to only the best for a supreme lifestyle. Lulu International Shopping Mall, the largest shopping mall in Asia built in 17 acres with 2.5 million square feet is located at Kochi. It is the one-stop destination for shopping, fun and entertainment for Kochiates. These developments add up the aesthetic value of Kochi and increase investment in the city. #2 IT Boom The tremendous growth in the IT sector along with the government initiatives made Kochi as one of the best technological hotspots in India. Infopark and Smart City revolutionizes the job market in Kerala, which give a huge push to the IT industry in Kochi. Due to the availability of affordable and skilled labour, it becomes the key options for corporate who looks to expand their business in South India. Booming micro-markets in suburban areas like Chottanikara, Tripunithura Edapally, Palarivattom, Elamakkkara etc. are developing at a fast pace. This will open up different opportunities in investment and business, especially for youngsters. So it is now a platform for migrants who looking to start their career in IT industry together with a blend of rich heritage, modernization and culture. The cost of living and operational expenditure of Kochi is comparatively much lower than other metropolitan cities. Therefore it becomes the first investment choice for techies and real estate investors. #3 Excellent Connectivity Kochi has a well-connected transport system that runs through road, rail, air and water. Kochi’s backwater system offers inter-city connectivity and acts as a cheap mode of transportation for natives. The launch of Kochi Metro rail has also added to make accessibility an essential feature of the city. Kochi metro brings a revolutionary change to public transport. It also turned out to be a major boom in the real estate sector. Now also the recent stretch of Kochi Metro to the new five stations like Ernakulam South, Kadavanthra, Elamkulam, Vytilla and Thaikoodam escalated the growth of this city. #4 Tourism hotspot Kochi fascinates around 10 lakh foreign travellers per year which donate huge to the total revenue produced. Kochi is the city of historic value along with being a favourite destination for green lands, watercourses and beach. The steady upsurge in demand for hospitality allied real estate holdings like resorts and hotels owing to sustainable tourism growth which also leads to the real estate boom in Kochi. #5 Property Appreciation Because of the upcoming developments in the city, property appreciation is high in Kochi which acts as an incentive for investors with a long term vision. There avail number of choices for investment in realty market such as apartments in Kochi, flats in Kochi, villas in Kochi etc. Due to the high demands, the resale value of the property is always greater than invested. Are you one among those many planning to own an apartment in Kochi city? Well, think no more and choose Varma Homes, one of the leading builders in Kerala offering best residential projects strategically situated at key locations of Kochi to ensure matchless living experience. Be ready to experience a new level of happiness by living in the house of Varma Homes, here is your list: VARMA MAALIKA I, TRIPUNITHURA (Completed ahead of Schedule) Luxurious apartment project having 12 residential apartment units of 2BHK & 3BHK with G + 4 floors with premium quality amenities. VARMA PADIPURA, TRIPUNITHURA (Ongoing) Luxurious apartment project having 32 residential apartment units of 2BHK & 3BHK with B + G + 11 floors with premium quality amenities. VARMA KOTTARAM, TRIPUNITHURA (Completed ahead of Schedule) Luxurious apartment project 24 residential apartment units of 2BHK & 3BHK with G + 4 floors with premium quality amenities. VARMA MAALIKA II, TRIPUNITHURA (Ongoing Nearing completion) Luxurious apartment project having 8 residential apartment units of 2BHK & 3BHK with G +4 floors with premium quality amenities. BOUGAIN HEIGHTS PURPLE, CHOTTANIKKARA, KOCHI (Ongoing) Compact apartment projects having 44 residential apartment units 2 BHK &3 BHK with B+G+8 floors with premium quality amenities. Choose from our array of villas, flats and apartments in the heart of the city as we give you more reasons to own one at Kochi. To know more - https://www.varmahomes.com/
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Varma Regent - Compact Apartments at Edapally
Varma Homes takes the deepest plunge to make happiness, possible. Varma Regent, compact apartments is being built at Edapally by the best builders in Cochin. Taking into consideration the uniqueness and the sophistication of affordable luxury homes in the finest of the locations, Varma Homes have gone all out to constructing happiness. Varma Homes, we are the best property builders in Kochi offering new luxury flats, apartments, and residential projects in Kochi, Trissur, and Trivandrum. The art of design is a craft only a few are blessed with. It takes passion, drive, and immense courage. On a mission to Construct Happiness, Varma Homes, the best home builders in Kerala are on the path towards pioneering exquisite lifestyle. The world is moving faster than you can imagine. There's always a need and the urge to be different. To standout in the crowd and make every second count. Every choice noticed, with envy. There's a corner in the world where the entire bustle melts away. And there's nothing like going back here – an affordable luxury place you can call your own, here at Varma Regent. Varma Regent is the current ongoing residential projects of Varma Homes at Edapally. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi metro commencing up to Edappally. It takes immense courage and deep visualization to make a dream home come true. The unique combination transcend to a whole new realm of affordable 2 & 3 BHK luxury homes ranging between areas of 862 sq.ft to 1357 sq.ft. We know how important it is to have an inside that is as beautiful as your outsides. Our insides are carefully done, giving the terms affordable luxury and comfort a whole new definition. The NH 47 provides swift access from the City to the outskirts and beyond, a city within the city. Ensuring that socializing and shopping are catered for at ease, indulge in a shopping spree at the popular lifestyle shopping destination of the South. People are well connected to the best and the biggest healthcare centers in town – AIMS and Aster Medcity. Everybody is good at something. For Varma Homes, it's building living spaces. To build a place where one can find all the comforts and finally call it home is what we do best at its best. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option. Register your interest now!
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Planning to Buy an Apartment Soon? Here Are Smart Tips to Getting Your Home Loan Approved
Everyone has a dream of owning their dream haven. However, it is a fact that home purchasing isn’t all that effortless and sometimes appears difficult. This takes fairly some savings and is uptight with stress and a lot of complex decision-making. But there are a lot of financing options available on the market that largely takes the brakes off buying a home: a home loan. It isn’t tough to find a loan for your next real estate investment. Though, finding the best possible loan for your investment needs a bit more work. So here are some steps you need to follow to ensure your home loan can be processed without glitches: Recognize Your Eligibility & Relate Your Possibilities There avail lots of home loans that are not created equal. They can have varying fees, interest rates, points, and other things that can stand up how much it will result in costing you. So, for easily getting approval for your home loan, you have to figure out your eligibility, which largely centres on the capability of settlement and age before you approach the bank. Work on Your Credit Score If you’re applying for a conventional mortgage for your home, you can be sure that your credit score will come into play. The clean financial record with your credit card, debit and other loans paid off will not only affect your eligibility criteria but also help you get the best deal if you are searching for a 2 or 3BHK apartment or flats. Multiple home loan applications or many credit enquiries may lead to a hard pull on your credit score, so it is required to slow any kind of borrowing in advance. Only Deal with A Reputed & Trusted Builder Loan approvals can be smoothly done if you have a licensed & reputed builder on board. It not only ensures a safe investment in your future and present happiness but also increases the chances of getting a fairly good loan amount. That is, the bank tends to generate a confident level of trust when it comes to a genuine and trusted builder and even their buyers, it helps that they are branded for constructing safe & happy homes. Also, your builder’s past and present projects and their successful running business in this competitive reality market aid in getting your loan through. Stay at Your Job Staying stable at your job will give a high chance of getting approved. Having a steadily monthly income is important to get approved for a mortgage. So do avoid changing your job. Your bank needs to know if you have a high possibility of steady employment and income during this loan period to permit you to make your loan refunds on time. Ascertain You Have A Clean Title Deed & Complete Documentation of The Apartment Even though this is not associated with your distinct credit state, banks need to guarantee that there is not any problem with your investment in case you default on your loan. Hence, the bank will first check that all the legal documents of your apartment are in order. After you have cleared all the necessary documents and requirements, your loan approval process can be successfully closed. If you’re in search of apartments in Kerala, consider Varma Homes projects, the leading and the most promising builders in Kerala. We offer happy & safe apartments with wonderful amenities in highly-sought after residential areas in Kochi, Tripunithura, Thrissur and Trivandrum. We know that your home is probably the most significant purchase you will ever make. Hence, we construct it with as much care to aid you to live a good life for years to come. So, take your dream apartment from the house of Varma Homes.
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How to Save 2.67 Lakhs on Buying Home
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.
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Top Reasons to Invest in a Ready to Occupy Apartment
Picking the right sort of home to live in is one of the greatest and hardest choices you should make. As homes are viewed as long haul investments, you should be sure that you've picked the home that is most appropriate for you and can fulfil your family's needs. When it comes to purchasing an apartment there are usually three kinds of apartment you can select from such as pre-launch, under-construction & ready-to-occupy apartments. Ready-to-occupy apartments are getting profoundly searched after nowadays, because of the various advantages a property holder can profit. Have a look at some of the benefits of investing in ready to occupy apartments. No Waiting Period When you invest in ongoing projects, you may have to wait for a longer period than you expected. This delays usually happen due to various reasons. But when it comes to ready to occupy an apartment is that there is no waiting period. The buyers can directly examine their apartment and there is no need to go through the brochures to get a notion of how the apartment will look at the end. That is, we can enter in our apartment at our needed time without having to deal with frustrating delays in pre-launch type. You Get What You Pay For When a property is under construction, the purchaser needs to make suppositions on how the apartment project will turn out, in light of the floor plans & master plans. It is a little bit difficult to visualize the specific unit bought & the qualities of the amenities. In ready-to-occupy flats, you can experience your home and see the layout from each room. The quality of the project can be fully experienced with our eyes and then the investment can be made. This will guarantee that the investment will not go bad anyway. Also, another advantage is there are no surprises in ready to occupy apartments. Get Rid of Rental There are chances that individuals purchasing apartment might be living in leased homes. The individuals who select the under-construction projects should wait for a longer period. But for individual who opting ready to occupy apartment can move into their new home as quickly as time permits. This will assist them with saving their lease cost. Numerous individuals who are paying high rent or journeying far for their work tend to buy the ready to move flats since they need a quick break from the high rent or travel cost. Purchase Within Your Budget In ready-to-move flats, you can choose a property reliant to your budget preferences. You get ownership instantly after paying the necessary cost for the apartment. There is no way of expanding the cost of the property, in contrast to properties under-construction projects. Free of GST Ready to move flats are not under the limits of Goods and Services Tax (GST). So, you can avoid taxations completely if you opt to purchase a ready-to-occupy property. However, if you have purchased your property with a home loan, you can guarantee tax benefits from the exact year of purchasing the property or getting the ownership. Get to Know Your Neighbours In a ready to move in apartment, you can identify who your neighbours are, what kind of community, what they do, where they work, whether they are approachable and much more. The society you stay will definitely create an impact on your kid’s lifestyle too. Grounded on all the points mentioned above you can choose on whether to stay in this society or not. So, ready to occupy property grants you the odds of selecting the environment that you wish. No Pre- EMI Ready-to-move-in apartments don't need pre-EMIs as you will be paying EMI for something that is totally in your possession. In case, if you are planning to take a home loan then ready to occupy apartment aid you from not losing money on pre-EMI charges. As you would know, EMI comprises of your loan amount and interest components. These were a few of the benefits of purchasing ready to occupy apartments. If you are in the market for a new apartment, then enquire with Varma Homes today. We offer a range of projects at different locations of Kerala like Kochi, Thrissur & Trivandrum and is well-known for designing and developing homes that are reasonable and imbued with a host of cutting-edge amenities. If you are looking for any ready to occupy apartment at Kochi, Varma Homes has 2 projects to offer – Varma Padipura and Varma Maalika Block II. Varma Padipura is nestled behind Kalikotta Palace, Tripunithura, Kochi. Away from the hustle and bustle of the city but gives you sound access to all modern conveniences that today’s world demands. It offers high-end apartment amenities and easy accessibility, which stand for top-notch quality and luxury with the essence of life. Varma Maalika Block II is located at S.N Junction, Tripunithura. This project is just 200 meters away from the Kochi Metro. Both the projects have completed ahead of schedule. Choose your apartment and start living at your dream home in Kochi. Ready-to-Move- in Apartments in Kochi! Hurry Up! Only A Few Units Left…
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