Reasons Why Kochi Will Be Next Real Estate Hotspot
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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Reasons Why Luxury Flats in Kochi Are Worth the Investment
Buying flats or apartments is a very important decision that involves essential planning. Location is one of the supreme features that we look into when looking for a spot to settle down. We all have that dream to buy our dream flat or apartment with all the modern apartment facilities.When looking for a place to live with your family, Kochi is an ideal location. It has the availability of good flats and apartment associations that suit various budgets, provided with the amenities of your choice.Kochi is a place which accepts all cultures. Also, people who try for a better job and better education, opt for Kochi as one of their choices. So, we can say Kochi is the city of the future.So, whenever you are surfing through internet and wondering that, "are there any new flats for sale in Kochi?", remember these points that why Kochi is a hotspot to invest in a luxury property right now and invest without giving it a second thought.Quality of livingPositioning itself in the list of best smart cities in the country, Kochi city has a lot to offer along the lines of improvement of life of its citizens and the quality of life is unparalleled with any other city of the state.The cosmopolitan city that is less crowded (compared to other metros of the country), has a community that enriches the quality of life. Along with its prominent educational and health-care institutions that are within reach, it promotes well-being and peace-of-mind among its inhabitants.A Good Cultural EnvironmentThese days, Kochi has emerged as one of the cosmopolitan cities because people from other parts are relocated here to lead a better and wealthy life. Most of the people are suave, educated, cultured, and well-behaved. So, if you buy an apartment from a pre-eminent builder at a prime location, you will get good neighbours and companionship, and this will surely uplift your social image and life. Most of the residential areas are thronged with good and well-behaved people and thus, you will be able to provide a healthy and good environment for their upbringing.Moreover, people are amiable and helpful, so if you need any assistance, you will get it. These kinds of friendliness and cooperation you may not get at other places. Though people are friendly, they don't interfere in other's personal life. So, you can enjoy your privacy without compromising your style of living.The economic capitalRanked among the topmost emerging cities in the country, Kochi is also the economical capital of Kerala. With the residential value constantly increasing in the last decade, the real estate market has witnessed unprecedented growth in terms of capital values and development activity and is expected to see continued growth across all parameters.IT boomThe technical boom is still evolving in India and is expected to rise even further in the coming years. Kochi, being home to many big multinational companies, IT companies, and start-ups, has huge job opportunities for a large number of people. With the value for properties and land constantly on the rise, the IT boom is directly or indirectly impacting the way Kochi is growing.ConnectivitySince its olden days, Kochi has been one of the most happening cities in Kerala and is still one of the busiest port cities in India. With the state's only metro-rail transport to its credit, a smart city tag, and an international airport, Kochi is very well connected to the rest of the state, country, and world.National Highway 66 (Old NH-47) one of the longest and busiest National Highway runs through Kochi connecting it with the Northern and Southern parts of the state. Two of the major railway lines of the state also go through Kochi, making it a transportation hub.Has Positive Ambience for Property InvestmentThe laws regarding real estate investment in Kochi are very facile and straightforward. You may not find any difficulty while accomplishing your real estate purchase. Moreover, the state has strong and robust networks of real estate consultants and agents who will help you in finding the most suitable apartment in Kochi.The entertainment hubAlong with the professionals, Kochi is also the favorite spot for artists, filmmakers, and the general public. With its abundance of spaces for recreational activities, Kochi has a lot to offer on the lines of fun and entertainment.Competitive Pricing for the PropertyCompetitive pricing is an important factor that you should consider when you are planning to invest in the real estate market. Kerala is a state that offers real estate properties at competitive prices. Though the state offers a chunk of properties with a comfortable and satisfactory condition, still, the pricing is lesser as compared to the other states of the country. So, you will be a gainer if you purchase an apartment in Kerala.Also Read: Why Kochi Is the Perfect Place to Buy a Flat Right NowClimateComfortable and convenient weather are two prime factors behind the popularity of real estate properties in Kochi. So, the climate is another prime reason that people are migrating to Kochi to lead a comfortable life. This state offers a similar kind of temperature throughout the year. Kochi observes a moderate temperature during the summer and the winter. This means you can lead a comfortable life here throughout the year. This is the main thing that you never overlook if you are planning to purchase a property at a certain place. Because you don't want to invest in such a place where the climate is too extreme.Another reason that was instrumental in driving up property prices in Kochi are the government's initiatives like single window clearance and concessional power tariff. The Kochi metro rail was also a boost to Kochi's reality market.If investing in property has been on your mind, then let Varma Homes guide you to the house of your dreams.
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Buy An Apartment In The Cultural Capital Of Kerala, Thrissur Which Never Disappoint You!
It will be an ideal decision to realize your dream about having a lovely apartment in the peaceful and cultural heritage place of Kerala alongside a profitable investment. For this, Thrissur, the cultural capital of Kerala became the perfect place for leading a desirable & peaceful life along with relishing all the modern conveniences. It also has a quickly developing infrastructure backbone that drives its economy & flourishing realty market. So, with this rich & unique cultural heritage, the land of festivals is also one of the thriving commercial centers in Kerala, drawing people with its budding demands for residential apartments in Thrissur. Here are some advantages that individuals can enjoy when they decide to invest in an apartment here. Accessibility Few out of every city in Kerala can guarantee the supremacy of having most apartments that give easy accessibility to the city's greatest milestones, attractions, & other utilitarian spots. Being an exception, Thrissur is positioned as the best city for easily accessible apartment living. The neighborhood of Thrissur also eases hasty access to business centers, major shopping facilities like city centre & Sobha city mall, medical facilities, schools, colleges, and other popular landmarks. Starting an investment in Thrissur implies that you are quite often ensured a home that is near the closest significant landmarks. Cultural Factor Thrissur stands as the highest foothold among the significant real estate investment spots of Kerala due to its cultural richness. As it is holding the entire world's allure for its well-known Thrissur Pooram, the festival & festivities which upsurge the worth of the place, & owning a home in the cultural capital of God’s own country can pay off as a pride factor. Appreciation of Property Value From a pure investment angle, investing in apartments in Thrissur is undeniably a smart choice for any aspirant landowner. Since the city is a cultural & developing commercial center, the demand and the worth of the property are always on the rise. So, when you purchase an apartment in Thrissur, it is an asset for you, & you will get a deal of property value appreciation. A Peaceful Retirement life Proximity to Cochin International Airport (approximately 50 km), good connectivity to its neighboring spots, & above all its cultural heritage makes Thrissur the desired place for any Malayali who is focusing to get back to their traditional roots in a forever residence that guarantee a peaceful retirement living. Steady Source Of Income Apartments or flats are progressively popular among the individuals who are searching for accommodation on lease. Hence owning an apartment in Thrissur can be a steady source of income as it is considered as the major commercial & business core of South India where a lot of people come into work. Ease in Buying & Selling With an ever-increasing demand for apartments, Thrissur contributes a lot of extensibility regarding purchasing & selling your property. Here you can discover enough buyers & sellers when you place the apartment up for sale. This is due to the resale value the location has. These are some of the reasons why apartments in Thrissur offer a sensible investment. Whether you are looking for a luxury apartment for you & your families, here is your perfect choice of apartments from the house of Varma Homes, the most reliable builders in Kerala. We have already landed our footsteps in Kochi, Tripunithura, Thrivananthapuram, Thrissur, & Kozhikode. When it comes to Thrissur, we have presently two apartment projects. Varma Spectrum, 2 & 3 BHK luxury apartment project located opposite to Bhavan’s Vidya Mandir Poochatti and close to NH bypass. This is an ongoing project and the work is progressing in full swing. You can also visit the model apartment at Varma Spectrum before buying. The other project is Varma Signature which is located near Jubilee Mission Hospital, Ancherychira. This is a new launch project and the bookings are open. For both the above projects you will not have to sacrifice amenities or accessibility but can discover yourself living in a peaceful & calm environment moreover you will get guaranteed happiness. With its unique peculiarities, our apartment projects in Thrissur could be your opportunity to actualize an ideal home in the temple town. For more information on our apartment projects contact us now!
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Buying A New Apartment Just Got A Lot Easier With Virtual Home Buying!
Amidst the second wave of Covid-19, virtual home buying is again becoming increasingly common these days. For now, it is much safer to take a virtual apartment consultation rather than physically going to numerous locations to watch them in person. Now is a great time to take the privilege of the virtual home buying process. This opens a substantial opportunity to digitize home purchasing steps end-to-end, keeping in mind varying behaviour, attitudes & desires of homebuyers. As many supposing homebuyers were not ready to travel in-person to sites or project locations due to this pandemic scenario. Ie. Literally, there were no face-to-face meetings; these were changed by fully contactless transaction infrastructure, virtual tours, meetings, online choice of apartments, digital documentation & payments. Let’s start by looking at the key steps of the virtual home buying process as a whole: Virtual Consultation This step is very similar to a typical buyer’s consultation, except that the meeting is held over video conference. In this step, the builder will connect you with a sales officer to help you get started on your virtual home buying journey, start the discussion, understand your requirements, price range, & any further criteria that you would like to have through video conference, phone or email etc. Virtual Tour Normally, we would plan a time to go & explore your favourite apartments once your list is shortlisted. The virtual tour of apartments is quite similar in approach. Once you find a property that you need to see, the sales officer will schedule a time to do a walkthrough/video tour of the apartment. The virtual tour can either be live over FaceTime or recorded for you to watch later. Preferably blocking the virtual tour time along with your sales officer is the best option so that you can see the apartment property live. As this lets you pose inquiries & can allow you to point out areas you are keen on seeing a greater amount of. Conduct Purchasing Process Online After conducting a video tour, you are confident that you have found the perfect home. Then you can start your purchase through the purchase contract & find chances for the available offers. When the real estate builder has reached terms that you feel worthy of & are confident will result in final purchase. That is right from enlisting an offer to signing a purchase contract such an ample home purchasing procedure can easily be done online via email & any other online platform. Home Inspection From a purchaser’s angle, even if you are virtually doing most of the home buying process, it is essential to schedule a professional home visit adhering to all COVID-19 protocols. Grab Advantage of Mobile & Technology Possibilities Advanced mobile & technology possibilities make the online home purchase process simpler, as they provide different choices to handily & safely bring the whole service process to the home purchaser such as signing documents via DocuSign & DigitalInk and can access remote mobile notaries to verify your identity & signatures to ensure that the whole buying process is completed efficiently and safely. Based on the lockdown-induced chance, we at Varma Homes teamed up with digital technology to offer a contactless home buying experience for our customers. Being the responsible & trusted builder in Kerala, we know that owning a home is more important than ever. So we take a step ahead for realizing our customers ' dream home into a reality in this pandemic time via virtual consultation. So if you have any plan to buy your dream apartment right now but aren't able to make it happen during these unusual times, then this is the right time to purchase your dream apartment with Varma Homes via virtual consultation. So get in touch with us today, we are here to help you to realize your dream home even in these difficult times!
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How to Choose an Apartment to Buy in 2019
Buying a home is always a dream come true moment for a person. Owning a home means settling and having a space that is truly yours. It is an important moment in your life when you finally own your dream home. However, the procedures before owning a home is not so much easy. One has to go through various tasks before purchasing an apartment or home. Often homebuyers may find it difficult to finalize an apartment or house, after shortlisting their final list of properties. When these shortlisted properties are of same price range and in the preferred location, each homebuyer may consider various other factors for reaching a final decision. Let us explore the important factors that every homebuyer considered when it comes up to choose an apartment to buy in this new-year 2019. Legality: There are local government bodies in every city that are authorized to approve the maps of any construction. Therefore, each buyer needs to check the approvals before entering into the contract or agreement. Builder Reputation: It is essential to check the builder reputation before finalizing your apartment. By visiting the previous buildings built by the same builder, you will be in a point to decide upon the quality standards followed by the builder. In addition, when you go through the history of the builder you will make out whether the builder will deliver the apartment on the promised possession date or not. Project Location: The location of an apartment is also yet another important factor for buying an apartment. You need to choose the locality that is best suited to your needs. The apartment must be in the secured and safest place since we all prefer to live in a serene environment that should be free from all worries. The facilities and the physical infrastructure of the selected apartment need to be thoroughly analysed. You also need to check the existing infrastructure of the project location such as connectivity with your workplace, ease of commute, availability of basic amenities/ markets. Features & Specifications: Features are the specifications and amenities provided in the apartment. Every Builder gives the host of specifications and features to lure buyers. The most crucial part in this regard is to comprehend which specifications and features are of actual use and which are cosmetic. Future Prospects of The Locality: While apartments in major locations may seem appealing, buyers need to consider the future prospects of the project location and the infrastructure developments in the locality. It is important to measure if the apartment location that you are considering will be developed as a commercial or residential area later on. A fully residential zone with a rational mix of commercial centres bids good living conditions. Another future aspect is the green quotient theme of the apartment. Now the whole world is facing the problems of global warming, and most of the metropolitan cities are challenged by the pollution problems, so it is preferred that choosing the apartment that offers more green aspects, which has various benefits. Buyers can also check if the apartment is furnished to conserve energy and has adequate natural light, as it will help to save power and money. Concisely, purchasing an apartment is perhaps the primary decision you would take in your life. You need to consider the above factors before buying your dream apartment. But you no need to worry; here is your one-stop store! Varma Homes, where you can meet all these factors in the apartments of Varma Homes at various prime locations of Kerala. Being one of the leading builders in Kochi Varma Homes has always believed in Constructing Happiness for our clients who trust in financing safely in happy homes for generations to come. All our apartments are located at the heart of the major cities of Kochi, Trivandrum and Thrissur. Get Ready To Spot Your Dream Apartment From The House Of Varma Homes! If you need extreme serene and advanced amenities for your souls, and if you are searching for apartments that can exceed the expectation levels of your dream home, then look no further as the all-new apartments are here! Get ready to experience a new level of happiness by living in the house of Varma Homes, here is your list, you can choose your favourite apartment to buy in 2019: VARMA MAALIKA I, TRIPUNITHURA Apartment project having 13,180 sq. ft. the area comprising G + 4 floors with 12 residential apartments units of 2 & 3BHK. VARMA PADIPURA, TRIPUNITHURA Apartment project having 38,000 sq. ft. the area comprising B + G + 11 floors with 31 residential apartments units of 2 & 3BHK with luxury amenities. VARMA KOTTARAM, TRIPUNITHURA Apartment project having 34694 sq. ft. area comprising G + 4 floors with 24 residential apartments units of 2 & 3BHK with luxury amenities. VARMA MAALIKA II, TRIPUNITHURA Apartment project having 10161 sq. ft. area comprising G + 4 floors with 8 residential apartments units of 2 & 3BHK. BOUGAIN HEIGHTS PURPLE, CHOTTANIKKARA, KOCHI Compact apartment projects having 71,990 sq. ft. area comprising B+G+8 floors with 44 residential apartment units 2 & 3 BHK with luxury amenities. VARMA SPECTRUM, POOCHATTY, THRISSUR Apartment project having 41000 sq. ft. area comprising G +8 floors with 30 residential apartments units of 2 & 3BHK in Thrissur with luxury amenities. VARMA DR. PAI’S HERITAGE, THIRUVANANTHAPURAM Apartment project having 82651 sq. ft. area comprising B + G + 13 floors with 60 residential apartments units of 2 & 3 BHK with super luxury amenities. All these apartments in Kochi, Thrissur and Trivandrum are bound to make happiness among beings. If you are looking forward to buying apartments in these prime locations of Kerala then contact us today. Expert’s state that this 2K19 would be the right time to invest. So, register your interest with us!!!
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Mistakes When Buying Ready To Move Apartments
Buying a new property can be a very challenging task, as for a newly constructing property you will have to work along with the property builders. While buying a previously owned house, you can easily get enough and more information regarding it. The flat builders with whom you have decided to work along or to buy your new flats from, make sure to get their complete details and do not forget to check the builders’ background or previous construction history. The following are the most common mistakes that people make when buying a new property: 1. Lack of Proper Research The most fundamental step in buying a new property is research. Select a city based on your preference and make the basic enquiries about its vicinity, safety, infrastructure and development of the area in the near future, etc. The home-buyers have a tendency to listen to other’s opinions and forget to do this crucial step. 2. Consider Pros and Cons Getting first-hand information is always better than relying upon secondary resources. Look for the lifestyle of the area to best suit you and your needs by checking the proximity to local markets, malls, schools and hospitals. These are the basic requirements to consider if you are planning to move in with your family. Varma Maalika and Varma Regent of Varma Homes are the ready to occupy flats in Ernakulam which have already received an overwhelming response from the public. Both these carefully built apartments are accessibly erected in the prime residential areas of Ernakulam city. The new luxury apartments of Varma Maalika in Thripunithura, specifically positioned at S.N. Junction is proximate to almost everything. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more. Varma Regent’s luxury flats in Edappally is nearby to all the prominent healthcare centres, famous educational institutions, popular hangout spots and other major commercial developments. Apart from the proximity to Lulu Mall, its easy access to Metro Station is an added advantage of Varma Regent. 3. Don’t go beyond your budget Don’t forget about your financial status when buying a new property. Plan your budget accordingly and apply for a home-loan in advance to avoid any unpredictable financial crisis in the future. 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. 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 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. 4. Verbal Promises Don’t fall for the verbal promises of your apartment builders, later on you may face the challenge of not having your dream home built the way you wanted it to be. So in order to avoid making such a mistake, visit the worksite personally during the construction and afterwards. Varma Homes strives to uphold their promise ‘Quality Assured Affordable Homes to All’ in every residential venture that they undertake. It is the essence of their mantra ‘Constructing Happiness’. The top builders in Kochi guarantees prompt delivery of their projects, as the motto of Varma Homes itself says “Varma Promises Timely Delivery” and they also complete their projects on time. For an instance, both Varma Regent and Varma Maalika, the residential projects in Kochi (Hurry up, only a few units left!) were not delayed, instead it were delivered well before the agreed dates and their present clients are immensely satisfied with their ready to move flats in Cochin. Always choose the most dependable and trustworthy home builders when buying a new property. Varma Homes is one of such reputed builders in Cochin.
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