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Reasons Why Kochi Will Be Next Real Estate Hotspot
Kochi is going to become one among the next highly preferred real estate destinations in India. Here are the four reasons to prove it right.
1. Inclusion in the Top 20 Smart Cities
Kochi ranks 5th among the top 20 destinations in India identified by the Ministry of Urban Development under the initiative of Smart Cities Mission. The 'Smart City' tag is expected to boost prices dramatically. An investment of Rs 2,076 crore is expected for the pan-city solutions and area-based development. Kochi-Mattancherry-Central City will witness intense development in the coming years. Many number of real estate developers are trying to acquire land for real estate development in and around this area.
2. First Tier-II City to propose a Metro Rail
Kochi Metro is an under-construction metro system and is expected to be operational by 2017. It is the fastest metro project in India. The 13 km stretch metro rail between Aluva and Palarivattom will be open from June 2017. A second 5 km section from Palarivattom up to Maharaja's College will be made operational by August 2017. In Phase I, the KMRC (Kochi Metro Rail Corporation) has proposed an elevated route spanning approximately 25.25 km from Aluva to Pettah. Areas like Kalamassery, Edapally, Palarivattom, Vyttila, Panampilly Nagar and Kadavanthra will be the main beneficiaries and some of them have already started to witness increased development.
Varma Regent, compact apartments is being built at Edapally by the best property builders in Kochi. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. 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.
Varma Regent is one of the current ongoing residential projects of Varma Homes at Edapally. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi Metro Rail project commencing up to Edappally. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option.
The future expansion of Kochi Metro will also benefit areas like Menaka, Kakkanad and West Kochi. Land prices along metro rail corridors have increased by 10-15 per cent after announcement and are expected to increase further after operations. Real estate will be highly influenced once the metro becomes operational.
3. New international passenger terminal to cater growing demand
Cochin International Airport Ltd (CIAL) constructed an international passenger terminal with an investment of Rs 1,100 crore which is currently operational at the airport. The new international passenger terminal along with an operational metro will uplift the real estate market in the whole region.
4. Venue for one of the two submarine cable landings in India
Kochi is one of the venues for 'SEA-ME-WE III' (South - East Asia - Middle East - Western Europe III) and 'SAFE' (South Africa - Far East) submarine cable landings. Kochi is the second Indian location along with Mumbai to have two submarine cable landings. This fact highlights Kochi as an important destination for IT-enabled services, which will gradually boost real estate development in the city as it creates demand for both residential properties and office spaces.
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VARMA PADIPURA, MOVE IN READY - WHERE CONVENIENCE MEETS LUXURY!
If you are looking for the best ready to move apartments in Kochi, look no further. Varma Homes presents, Varma Padipura. Our new apartment project in Tripunithura, Kochi offers the finest luxury 2 and 3 BHK flats in Kochi. With all modern amenities and easy accessibility, it is the perfect luxury home for you. It is a B+G+11 floor apartment with a perfect blend of contemporary architecture and features to deliver comfy living. The master plan of Padipura is designed in such a way that this apartment comprises of broad space with proper ventilation at each corner of the house. The interiors are exquisitely designed with stylish tiled floor, latest sanitary fittings in the bathroom, polished kitchen countertop, and huge windows for proper sunlight. It is another nearing completion project from the house of Varma Homes that match the desires of customers with a one of a kind mark of modern living. We at Varma Homes trust in investing our full efforts to construct happy homes for our customers to realize their dream of perfect homes. Our incomparable quality and highest standards in constructing homes ensure a comfy lifestyle for its inhabitants. Like our all apartments we can assure that, Padipura will become our next milestone in our vision of constructing happiness. Become Acquainted With Superb Amenities & Accessibilities at Padipura Padipura, situated in the land of royalty, the rich historical values of Tripunithura re?ects the depth of art, culture, and faith. It is far away from the hustle and bustle of the city but gives you sound access to all conveniences that today’s fast-developing world demands. It is very close to the famous Statue Junction of Tripunithura, the most appropriate place to have your dream home. The neighborhood is well connected with the city by rail, bus and cabs. Basic facilities like Hospitals, medical, banks, schools, educational institutions, shopping complexes, markets, entertainment zones, and tourists centres all are within an easy reach. This 2 BHK & 3 BHK apartment in Tripunithura is situated very close to the famous Poornathrayeesa Temple which lightens the lamps to the trail of the supreme deity. Also, it is standing just behind the Kallikotta Palace, a place where traditional south Indian art forms like Vocal Carnatic Music Concerts, Kathakali, etc are held. It's also now used as a marriage auditorium so localities take pride in holding their marriage functions here. Living in such a royal and pure temple town may be a dream for persons who would love to have a serene and divine life. The proximity to famous school Chinmaya, colleges, supermarkets, Infopark and above everything else will surely be the main highlights of living in this apartment. On top, it gives the citizens easy access to all the essential needs and modern comforts of the city. So enjoy the full benefits of happy living with Padipura. With all the high-end amenities including rooftop swimming pool, health club, fully automatic lifts-2nos, children's play area, intercom facility, terrace garden, recreation space, sewage treatment plant and beautiful surroundings of Padipura promises sundry choices to unwind and refresh at own home. Moreover, space offers you ample rest and peace of mind. Now our model apartment is ready, you are welcome. Come and visit to experience the grand living as never before in the heart of Kochi. Booking Open, Hurry! Only a Few Units Left…
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Real Estate Benefits From Budget 2019
Yes, it is clear that the real estate developers and homebuyers were the biggest winners in the Budget 2019, and therefore the industry's housing extents may see a commendable shift. Real estate experts welcome the tax benefits and the various exemptions declared within the Interim Budget 2019 are probably upsurge the demand for real estate and in the affordable sector. The Finance Minister Piyush Goyal presented the budget on February 1st, the real estate industry had the major reason to happy as various direct, and indirect measures were proposed for the damaged sector. The property area, which has been fronting a number of multi-year demand slowdown, particularly with falling sales, may profit significantly from the new proposals of this budget. Let’s check out what real estate gained in budget 2019: No need to worry about two self-occupied houses - People who own up to 2 self-occupied properties do not need to pay any notional rent tax on them. Exemption of notional rent on the 2nd self-occupied house can give extra savings within the hands of the second home purchasers and will additionally boost the capitalist activity within the sector. Considering the problem of the middle class has to take care of families at 2 locations on account of their job, care of parents, children’s education, this move will offer a space to save more on housing taxes. Many folks would additionally request choices to purchase for homes after this rollout of the new benefit in housing investments. Capital gain advantages on 2 housing investments -The good thing about the change of capital gains underneath section 54 of the Income-tax Act is going to be boosted from investment in one residential house to 2 residential house for a taxpayer having capital increases up to Rs 2crore. This profit will be availed once in a lifetime. This reinvestment of capital gains in 2 homes, is expected to increase investment in residential real estate zone and make this market more attractive. TDS threshold for the tax deduction on rent hiked - The TDS threshold for deduction of tax on rent has been proposed to be increased from Rs 1, 80,000 to Rs 2, 40,000, which provide much relief to small taxpayers. Therefore, this move will definitely drive up the sales of affordable housing. Relief for housing developers & home buyers- The Interim Budget 2019 will offer abundant chances for the homebuyers to invest. Extension of the exemption limit for taxpayers will upsurge the purchasing capacity of the homebuyer, thus providing a path to attain ‘Housing for All’ vision. In addition, builders do not have to pay notional rent on unsold flats for two years after the year in which the construction is finished, which is a great step. Income tax rebate-The tax rebate concept helps Individual taxpayers, those having taxable annual income up to Rs five lakh can get the full benefit for the tax rebate and so won't be needed to pay any income tax. This proposal can facilitate in increasing the budget of house buyer’s and might give a giant boost to the demand for housing. The budget offers additional income within the hand of the residential land client, encouraging them to push their budgets up for brand spanking new homes, whereas conjointly providing tax incentives for finance in a very second home. It ought to increase demand in the residential niche market. The much-awaited auspicious time of the year is here, when persons look forward to spending cash on several kinds of stuff, especially homes and golds. Because of this favourable budget 2019 of Government, the real estate market gets a big boost and the homebuyers gained more benefits. Therefore, it is clear that this 2K19 is the perfect year for both housing developers and homebuyers. Experts say that there cannot be a better time to buy a house than now. If you have any plan for buying your dream home in your preferred location, then it is the right time. Also, you no need to worry about choosing the right builder; here is your solution Varma Homes, the best builders in Kochi. We building living spaces that truly matters your happiness. You can catch your dream apartment with us in the major prime locations of Kerala. So hurry up, now the decision is up to you…
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Why Should You Invest In A Township Project For A Better Living?
Integrated townships or townships are housing projects that are well-resourced with social infrastructure & additional amenities to stretch an elite living experience to residents. Today, a township project comprises more than just buildings with basic amenities. They mirror a miniature replica of the core city outside the main city with educational, medical, entertainment, and commercial hubs that exist either inside or close to the township project. Indeed, in a lively city like Kochi, the demand for townships was guaranteed to upsurge over time. As the population increased, earnings heightened and daily commute problems shot, the necessity for townships improved too. Let’s look at some of the benefits that make township living much more desirable for the home buyers of Kerala. · Supreme Living Experience With the best combo of modern architecture & designs, all residential apartments or villas in a township project provide you with whole exceptionality regarding amenities & space. The futuristic thinking & careful planning of these projects will help to offer the supreme standard of living of the dwellers. Unlike conventional homes, township projects come with dedicated amenities with the goal that the occupants appreciate convenient & hassle-free living. · All Amenities Under One Roof As referenced above, townships are intended to go about as one-stop solutions for all the present needs of residents. There are numerous community recreational areas like sports fields, multipurpose courts, parks, clubhouses, swimming pools, and shopping edifices that cheer good health and lead to close bonding among the populace. Besides, townships also comprise shops catering to all your everyday vital needs and may have facilities like medical centres & ATMs. So, one can fully live with the best of amenities to get a healthy and cosy lifestyle. · Easy Accessibility Some of these township projects are also built nearer to software parks or big industrial estates. So, this notion is a hit, especially in Kochi where travel time has reduced drastically. Likewise, you will find schools within this township or in the near vicinity which save up on time daily. Hence, living in one such township, you will relish easy access to the vital modes of all essential needs. · Pioneering Security Measures Ensuring a higher level of security of the inhabitants is one of the key benefits of township projects. They include a provision for CCTV cameras, alarms, security guards, video surveillance systems & monitoring at all times of the day & other hi-tech security measures, which means residents are more protected than living in an independent house. · Better Returns When contrasted with a conventional home, a villa or apartment in a township project will offer better returns in terms of investment perspective. Most importantly, you need to make a lower capital expenditure on getting it. Also, as these villas or apartments acquire greater cost appreciation, you can procure exceptional yields on investment. Also, it is simpler to lease such properties and the rental payment is higher than that of an independent villa. · Sustainable Living Integration of eco-friendly measures is yet another major distinctive factor among integrated townships and conventional residences. Township projects are usually focussed on lessening the growing stress over nature on eco-friendly development practices & integrated townships boast of rainwater harvesting, sewage treatment plants, solar power lighting among other green features, which in turn minimize the carbon footprint of city living. Buying a home in a township project offers high-end infrastructure and amenities nestled away from the hustle outside but on par with smart cities. They offer a fantastic living experience & a better lifestyle with all the facilities in the vicinity like no other. Moreover, living there you won’t need to spend more money on maintenance and repair. So, one can simply relish the perks of top-notch facilities with a township project. Looking for a Living Township Project in Kochi? Here comes your solution, Bougain Heights by Varma Homes - the leading real estate builder in Kerala. Bougain Heights is one such integrated township project spread across 10.60 acres with 2 apartment towers and villa projects, guaranteeing that you are always in a space of complete happiness. It is located in the temple city, Chottanikara, Kochi & has a lot to offer as a residential zone. Skirted by lush landscapes & peaceful environs, yet a few minutes from the city. It has excellent connectivity in which it has good proximity to all major transportation hubs, educational institutions, malls, famous Chottanikara temple, Karingachira Church, smart city, Infopark, hospitals & so on. With a broad array of global standard amenities with, supreme-quality sports provisions, majestic clubhouses, swimming pool, fully automatic lifts, landscaped gardens, community spaces, children’s play area, rooftop party area, recreation space, sewage treatment plant, 24 hours security, power & water supply facility, and much more, it offers a lifetime of exceptional living. So, one can enjoy the full benefits of a happy township living with Bougain Heights.
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Importance of buying apartments in Thrissur
High demandThrissur 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 infrastructureThrissur 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 significanceThrissur 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 healthcareThrissur 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 ConditionsIn 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.
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What Makes Buying An Apartment In Thrissur, Kerala, A Good Investment?
The vibrant city of Thrissur has long enthralled visitors from all across Kerala with its rich cultural heritage and business savvy. The desire for real estate developments in this land of festivals, which is also a thriving commercial centre, has recently increased. Due to its tremendous potential, Thrissur is experiencing a lot of activity in the real estate market. The city has several qualities that make it a highly sought-after location for real estate investment.When it comes to apartment investing, prospective buyers prioritise finding a flat or apartment in a location that enables them to live a healthy and fulfilling life. Real estate developers have responded to this requirement by creating flats in Thrissur with slick, contemporary architectural designs that also include the local culture. But are there any additional advantages to purchasing a Thrissur apartment? Here are a few benefits that clients can take pleasure in if they decide to buy a home here.1. The Luxury of AccessibilityNot every city in Kerala can boast that the bulk of its flats or apartments offer quick access to the most important landmarks, tourist destinations, and other practical locations. Of course, Thrissur is an exception. Purchasing apartments in Thrissur ensures that you will nearly always live close to the nearest significant monuments.2. Thrissur is a Tourist HubThrissur Pooram, an annual temple festival conducted at the Vadakkunnathan temple, draws a large number of international tourists to the city. In addition to having the best of city life, Thrissur, which is surrounded by a lot of flora and foliage, is home to the Athirappilly waterfalls and the Vilangan hills. The Peechi dam and the Punnathur Kotta elephant sanctuary are visited all year round by tourists from near and far. The majority of the well-known mosques, churches, and temples are concentrated in the city. Since the Chera Empire, Kodungallur has held significant archaeological significance as a result of its strategic role as a port of entry for naval fleets.3. Choices Galore when it Comes to ApartmentsThere are many different kinds and price ranges of apartments in Thrissur. Thrissur has everything, from practical, affordable flats to opulent apartments that incorporate some of the greatest architectural characteristics into your dream home. Kerala is undoubtedly one of India's most advanced states in terms of real estate development. Kerala adopts any new real estate trend quite swiftly. So, you can relax knowing that apartments in Thrissur are there to suit your preferences, regardless of your spending limit, lifestyle, or other preferences. Therefore, it is quite possible that you will eventually wind up investing in apartments in Thrissur without much effort if you want to enjoy a vigorous lifestyle in the heart of Thrissur without giving up the concept of your dream home. 4. A Home for All BudgetsApartments in Thrissur are built on the principle of competitive price. If you choose to invest in flats in the city, you can be sure that you will pay a reasonable price when compared to other areas of India. Due to the wide variety of options available to buyers, Thrissur's apartment prices have long been competitive. Thrissur is the ideal location to buy your dream house and prepare for a long-term settlement when you consider all of these factors along with the availability of apartments in different shapes and sizes to suit your lifestyle preferences.5. Thrissur Offers You All the Facilities of LifeEvery person who looks for a place to build their home considers the accessibility of everyday essentials. The city of Thrissur consistently comes out on top because it has excellent transportation, health care, and a comprehensive educational system. Apartment investing in Thrissur is a wise choice because the city has all the conveniences and even offers special features that no other area can. These are a few of the factors that make Thrissur apartments a sensible investment. While maintaining accessibility, it provides seclusion and enhances your standard of living. Builders in Thrissur offer a wide range of options, whether you are searching for a small, practical apartment or a spectacular, modern luxury apartment for you and your family. You won't have to give up on accessibility or conveniences, and you'll also get to live in a quiet neighbourhood far from the hustle and bustle of the city.Situated within the cultural perimeter of Thrissur, Varma Homes carry an array of apartment options that matches your expectations for exemplary modern living. With its characteristic features, our milestone projects could be your chance to realize a perfect home in the temple town capital of Kerala.
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