Kochi Metro : Impact on Real Estate Industry
Kochi Metro : Impact on Real Estate Industry
Kochi is a market just waiting to happen and it has all the potential to develop into a world class city. The infrastructure for such development is already in place. The connectivity by road, metro and ferry has improved and is in the process of getting better.
The Kochi Metro Rail project may positively impact city’s real estate market. For many years, Kochi was not regarded as a dynamic real estate market. However, this started changing sometime back especially in the real estate front with leading IT companies making a beeline for the city. Metro rail project is the latest in the list for the transformation of Kochi.
The metro has changed the real estate scenario of many cities, Delhi being the most classic example. The proximity to metro has become a major selling point for all the developers and realtors. It is true that owning a property near a metro station has its own benefits in terms of the future appreciation expected out of it.
The adjacent areas of metro stations will also see a surge in property values, as people love the convenience of walking to the station to board the train. Additionally, the sale of such properties will also become easier as a large number of buyers try to buy property at such convenient locations.
Varma Regent, compact apartments is being built at Edapally by the best property builders in Kochi. 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 Regent is one of the current ongoing residential projects of Varma Homes at Edapally. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. It demands 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. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi Metro Rail project commencing up to Edappally.
Kochi Metro is the promising growth corridor of real estate in Kochi. The 13 km stretch metro rail between Aluva and Palarivattom will be open from May 2017. Before the commencement of flyovers, no other place in the city had this much of traffic passing through it, other than Edappally. However, the four-lane flyovers in Palarivattom and Edappally have cleared the traffic bottlenecks in these areas.
Edappally enjoys a well-developed social infrastructure with many schools, hospitals, malls and shopping centres in the vicinity. Lulu Mall - India’s Largest Shopping Mall is just 2 km to the Varma Regent. People are well connected to the best and the biggest healthcare centers in town – Amrita Institute of Medical Sciences (AIMS), Kerala Institute of Medical Sciences (KIMS), Renai & Aster Medicity.
Edappally Junction is the meeting point of NH 47 and 17. It manages to connect the city to most of its components, either directly or as an alternative route. The IT hub of Kakkanad and the Infopark also connect with the rest of the world through Edappally.
All the above factors make Edappally a prime investment option in Kochi for both investors and buyers. Experts state that, now would be the right time to invest. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option.
Releated Blogs
How does Varma Homes choose the best materials to build your dream home?
Materials are the solution to a well-functioning building, as an excellent structure can only be achieved with high-quality materials. When you buy a house or a flat, it is essential to have clear information regarding the quality of the products used at the time of booking. The materials used have a significant impact on the construction quality. The choice of building materials will determine the ultimate durability, longevity, and style of the building. That is where Varma Homes reigns high as the top builder in Kerala. At every step of construction, Varma Homes ensures quality to build a dream home because we value customer happiness above all. It can be difficult to choose the best product option for diverse needs. Therefore, in the construction industry, material selection is an important part as a number of aspects must be considered. As a trusted building partner in Kerala, projects of Varma Homes achieve optimal results by selecting a product or brand that mainly focuses on the following factors:1. Supreme quality: Only high-grade materials are sought after for all our projects, and hence we choose a brand that serves this purpose. These supreme products are capable of adapting to the varied climatic conditions without degenerating. The materials we select ensure the longevity and strength of the building structure, thereby becoming a profitable future asset for the user. 2. Availability: Brands with readily available stocks are another major factor we prefer. The availability of materials determines the finishing time of a building. Locally obtainable materials are our time savers, through which our work gets smoothly completed. This is one of the reasons why we earned the title for completing 6 projects within a span of 5 years ahead of schedule. 3. Cost: When searching for different types of construction materials, the prices have soared and always vary greatly. We believe that looking for the cheapest products is not always the best option because, if we don't consider their lifespan, we may end up having to restore them frequently, which is costly. We pick only construction materials that are both cost-effective and will last a long time. 4. Service: A great product gains our trust and we would vouch for it in the future too. Service is a pivotal aspect that strengthens a project from its inception to completion. As success is a combined effort, we opt for materials that provide us with the best service. By doing so, we have risen to great heights. When we choose vendors certain other points are taken into account such as:1. On-time delivery: We only work with vendors who deliver products on time, every time. Even minor project delays might result in dissatisfied consumers and financial losses. As a result, we only work with vendors who produce products on time to avoid delays in our work. 2. Wide selection of materials: A great vendor would have a wide variety of items and supplies on hand. This way, we can get all of the goods we need in one place. This helps us save time by eliminating unnecessary delays in procuring from various providers for various projects. 3. Proven experience: Using a supplier who hasn't been around for a long time is always a risk. That is why we take care to collaborate with vendors who have extensive experience in this industry. Senior managers and the sales team of Varma Homes are involved in deciding on the brand or material for a project. We choose the final brand or material only after considering their suggestions. The most important thing is that we never cut corners on material quality to save money. During the material selection process, the purchase department of Varma Homes places the greatest emphasis on this element. Sustainable InitiativesExtensive experience has shown us how much waste is generated in the construction of not only buildings, but any structure for that matter. We intend to employ every component that goes into construction cautiously and properly in our projects for a productive cause. We also have an IGBCE LEED Certificate in this area. Since its inception, Varma Homes has effectively established itself as one of Kerala's most trusted builders. We started with residential developments in Kochi and then expanded to Trivandrum and Thrissur. Our main launches will take place in Calicut and other major cities in the near future. It is our full-time goal to provide the best value and service in our price range, and we've succeeded time after time. It is because we believe in constructing happiness for everyone by fulfilling their dream abode.
Read More
Good Things About Apartments Living In The Heart Of The City
Living in a big city has a lot of great advantages that are difficult to overlook. And for apartment residents, living in the city's center is the most popular alternative, since it provides the finest of metropolitan experiences. With the city's bustling nightlife, endless shopping options, and picturesque scenery, it's no surprise that living in the center of town can be pretty great. Here are some of the key benefits of living in a charming, contemporary high-rise apartment located in the heart of one of Kerala's greatest cities. Mass ConnectivityA flat or apartment in the city's center has direct access to all the main transportation hubs, such as the train station, bus stop, metro rail, airport, and so on. Another benefit is the easy accessibility to different regions of the city.Close to AmenitiesStaying close to the city's core also means being close to all of the city's essential amenities. The alleys in the city center should preferably have a blend of shops, retail malls, restaurants, salons, urban open spaces, & amusement centers, as well as educational and healthcare institutions. Those residing in nearby areas have the opportunity to see and admire the city lights long after it becomes dark, since shops in the city center remain open until late at night.The Better Choice for Social Activities Living in the city increases your odds of connecting with people, providing you with several possibilities to socialize. You can broaden your personal & professional networks by connecting with a group of people, whether they are college friends, neighbors, or coworkers. Meeting people from other regions of the world or with different life experiences is not only energizing but also helps you get a deeper understanding of the world.Close to WorkThe city's centre will be quite near the core business center, which will house the majority of the city's offices and employment zones. This means that houses in the city centre will be closer to work, making commuting easier.Varied Entertainment OptionsWhen you move to a metro region, you'll find lots of places to get out and thingsgo out to do for leisure & fun. Right from movies to sports facilities and gleaming shopping malls, etc. So, if you're looking for cultural and entertainment enrichment, relocating near the city center appears to be an excellent choice.Get the Best Medical Care FacilitiesIn comparison to major cities, remote towns lack the facilities and resources required for proper medical treatment. They also have to travel vast distances to visit a doctor to receive medical treatment. In contrast, medical options are typically more available in the city center. There are various walk-in clinics, physicians, & pharmacies spread all across the city, and many of the best hospitals are accessible only in metropolitan areas. Would you like to be part of having an apartment in the heart of one of the most popular cities in Kerala? We at Varma Homes, the leading real estate builder in Kerala, have assorted ongoing apartments in the center of the prime spot in Kerala. Are you looking for a vibrant, urban environment where everything is at your fingertips? Varma Homes has it all. Varma apartments offer homes that are a perfect blend of everything futuristic, including location, community, technology, & top-of-the-line amenities. We're committed to providing you with the opulent & convenient apartment living experience you've always desired. So if you’re searching for your dream home, browse through the stunning projects of Varma Homes.
Read More
Varma Signature Apartment: The Perfect Abode in Kerala's Cultural Capital
An ideal home fulfils all your desires and wants. It should boast a unique combination of a good location, world-class amenities, and great surroundings. If you’re looking for a more peaceful, productive living space in the heart of Kerala's cultural capital, Thrissur, Varma Signature is here for you! It is the flagship luxury project of Varma Homes, which defines the ideal home that blends both convenience and luxury. That’s why we offer our residents an array of modern amenities in this family-friendly neighbourhood. Here are the top reasons why you'll enjoy living in VARMA Signature. Amenities & More Amenities: Live In Comfort & StyleOne of the best things about living in an apartment community is having access to all the amenities you could ever need. Living at Varma Signature Homes is more enjoyable as we have the best amenities designed to enrich your lifestyle & ensure your comfort. Whether it's the hall, swimming pool, gym, or landscaped greenery, it promotes satisfaction and allows you to live a fulfilling life. Your apartment will serve as a symbol of your personality. From luxurious amenities to fully-equipped kitchens, we’ve got it all at your fingertips. Our apartment features top-of-the-line architecture with an eye for detailing and aesthetic use of space. You’ll love the look and feel of our modern apartment community, where luxury meets practicality. A Home Close To All the Necessities We at Varma Homes understand the importance of a happy life. That’s why we have designed our project in the perfect location where it is next to all modern conveniences. Such as schools, hospitals, parks, restaurants, shopping malls, etc., remain within easy reach of Varma Signature. You have the best doctors and specialists available as the project is located near Jubilee Mission Hospital Ancherychira. In fact, it is just five minutes from the town of Thrissur and three minutes from the NH Bypass. You can walk down to the nearby restaurants and cafes or indulge in some retail therapy at the nearby mall. In addition to this you have easy access to good shopping and entertainment, making it simple to find what you need and enjoy the cultural benefits of your surroundings. The proximity of excellent schools and colleges gives your children an advantage in their pursuit of a prosperous future. Well-Planned Project Layouts A smart home is the dream of every resident. Every apartment buyer's dream is our mission, so we make sure we provide the best layout to make that happen. It's our promise at Varma Signature to go beyond your expectations in providing you with a luxurious lifestyle. Every element is meticulously designed and implemented, from the large layouts to the fittings and fixtures. Our designers have ensured that there is no compromise on quality, space or utility. This makes our apartments a perfect home for your life’s most precious moments.Serene Surroundings The Varma Signature apartment complex offers a spectacular escape from the everyday hustle and bustle of life. It has landscaped gardens with swaying trees and flowering plants that will rejuvenate you after a long day’s work. The surroundings are well-kept and clean. We have an open ground where you can relax at any time during the day or night. You may also enjoy your leisure time by swimming in our pool or strolling around to get some fresh air. The outside of our apartment complex is just as calming as the inside of the apartment itself. With the serene surroundings of our apartment premises, you will also get peace of mind, with no worries about your safety. As we have 24-hour security, and CCTV cameras. So, you can enjoy a comfortable life at Varma Signature Homes surrounded by lush greenery, soothing environment. Varma Signature offers a never-before lifestyle to its residents. It is a must-have for those looking for the best luxury flats in Thrissur that offer all the luxuries required by any resident. Whether it’s the world-class amenities or its proximity to workplaces, Varma Signature is your perfect home! So, no more searching if you're looking for an interesting living experience with international standard amenities, lush greenery, & a soothing environment. Here is your perfect place to call home in the cultural capital of Kerala. To know more about this project, please visit our website or call us at +91 9539 29 33 33.
Read More
Is Buying An Apartment Better Than Renting One In Kerala?
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. Make the Correct Decision! 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? Wrapping up, 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.
Read More
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.
Read More