Long-term benefits of buying a flat in Kochi
Long-term benefits of buying a flat in Kochi
Property value
The property values in Kochi have steadily increased throughout the years. Purchasing a flat in Kochi may bring excellent returns on investment as property values rise over time. Kochi is strategically positioned in southern India and is well-connected to the country's other main cities. This makes it an attractive place for businesses to establish themselves and for people searching for a well-connected house. It features a first-rate infrastructure in terms of transportation, healthcare, education, and other necessities. This makes the city an appealing location to live and work, which boosts property values.
Rental income
Kochi is a significant commercial hub that draws a large number of individuals who come to the city for jobs or education. Investing in an apartment in Kochi may produce a consistent rental income, making it a good investment choice. In addition to providing a steady stream of income, the property's returns or rental income will be inflation-adjusted. The rental yield for flats in Kochi is around 4-6%, which is relatively high compared to other cities in India.
Lifestyle Benefits
Kochi is a lovely city with a rich cultural background, and buying an apartment there gives you access to a variety of lifestyle amenities including parks, retail centers, and recreational facilities. The city also includes a number of parks and green areas that provide a welcome respite from the rush and bustle of metropolitan life. It has a reduced cost of living than other major Indian cities. This makes it an excellent choice for people seeking a pleasant living without breaking their wallets. It offers multiple well-equipped hospitals and healthcare facilities, making it a perfect location for individuals who desire convenient access to quality healthcare. It also has an extensive network of buses and trains, making it simple to get around the city and visit the surrounding areas.
Tax benefits
The local government imposes a property tax on properties in Kochi. Property taxes in Kochi are cheaper than in other major Indian cities. Property owners in Kochi can also get tax breaks on the interest they pay on their house loans. Subject to certain criteria, residents can claim tax breaks on capital gains on the sale of their homes. Kochi has a Special Economic Zone, which provides many tax breaks to enterprises that operate within it. These advantages include tariff and tax exemptions on items imported or exported from the zone.
Rich Culture
Kochi has a plethora of cultural attractions for visitors to explore. This dynamic city has plenty for everyone to explore and admire, from traditional dance and art to historic buildings and delectable cuisine. It is well-known for its exquisite food, which includes a broad range of vegetarian and non-vegetarian meals. Appam, puttu, and fish curry are among the must-try delicacies in Kochi. Here, you get a glimpse of Muziris Biennale, which is the best festival to attend because of its upbeat atmosphere created by artists, musicians, dancers, and cuisine. You would not be startled to hear Hindi or any other language in this city because many people speak Hindi and other languages.
Metro exposure
The introduction of the Kochi Metro has transformed the face of Kochi, making it easier to go to most destinations inside the city without getting stuck in a frustrating traffic jam. Kochi's public infrastructure has been updated, and the Kochi Metro has improved the city's brand image. As a result, there has been an increase in demand for homes near metro stations, which has bolstered the real estate industry.
Kochi is seeing an increase in demand for luxury apartments, with numerous developers developing high-end developments in the city. This gives an opportunity for individuals wishing to invest in high-end properties with substantial profits. Purchasing flats in Kochi may be a smart investment for people seeking a consistent rental income, capital gain, and a developing market for luxury apartments.
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EXTRA SPACE IN YOUR APARTMENT? LUCKY YOU. HERE ARE 7 FRESH WAYS TO USE IT
Having a spare space is really nice to have in these days of apartments. If you just bought an apartment where 3 bedrooms, and if you have only 3 members in your family including you, wife and a kid and you actually require only 2 bedrooms and one remains as a spare. So if you have any plan of making your spare room in an active one, it can be a little difficult to decide what you can do with your extra space. Sometimes it may depend on your lifestyle, budget, your likings, hobbies, etc. Let’s take a look at the different ways that we can use it in an interesting way. A Dressing Room Or Walk-In Closet- If you have an extra room and an overflowing wardrobe then you can create that dreamy, beautiful walk-in closet and dressing room combo that you have seen in movies. The best part is that it is simply easier than you thought. You can transform your small bedroom into a dressing room with just a few items and repurposing. Home Office-Transform your extra bedroom into a home office which is the best idea to keep all your office-related files and supplies together for the quick access. However, transforming this spare bedroom into an office room can be a bit challenging. But you can make it as the most out of the space with the carefully selected furniture and interiors to keep away from feeling cramped or cluttered. A Craft Room- If you have hobbies like sewing, jewerly making, scrapbooking or any other similar hobbies, a dedicated craft room may be exactly what you need. So you can transform your spare room into a craft room by putting essential supplies like a large table, wall shelving etc. Music Room- If you are a musician, you may definitely know about amplifiers, instrument stands, speakers, sheet music, instruments that accumulate. What a delight to have a sole room for this. You can also include window treatments, rug and any kind of upholstered furniture to help with sound buffering. Reading Room - If you are looking for a quiet, comfortable place to relax with a good book in your home, then you can use your spare bedroom for this purpose. For this you want a comfortable chair, a good reading lamp, small bookshelf and if you need to go further, paint the walls with a new color and put accessories, throw pillows and artwork. Exercise Room – Convert a spare bedroom with exercise equipment and wall-mounted television. Whatever maybe your work out choice, your extra bedroom is a good place to burn some calories. You can invest punch bag or a treadmill for getting relief from your day to day hectic life. During your work out session, you can watch your favorite show which will definitely give you a much more pleasant experience. Yoga Or Meditation Room- If you have a spare room that is going unused, change that space into a dedicated personal space for yoga or meditation room. It needs less equipment than transforming it into a traditional home exercise room. It is one of the easiest of all at a minimum, one just needs to clear out all distracting furniture and lay down your yoga mat. If you want to go further, paint the walls a new color to transform it as tranquil or relaxed space. For getting bolder, you can put natural elements, small decorative fountain, landscape painting, etc. all these can add a great ambiance to the room. So whether you had the luxury of spare space in your apartment, you can adopt these ways to transform it beautifully. If you are looking for a 2BHK or 3BHK apartment in the prime localities of Kerala like Trivandrum, Thrissur & Kochi. You can contact Varma Homes, the top real estate builder in Kerala. Enquire now for the best possible deal, great experiences are just around the corner!!!
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Why to Invest in Ongoing Apartment Projects
Real estate Industry is beholding an intensifying growth with positive revolution due to the improved transparency in the industry. Several Government reforms and the implementation of RERA have made the investment in realty market secured and easy. Real estate Builders are more careful than ever when it comes to construction quality and timely completion. Given the ever-rising number of builders and real estate projects, it is often a difficult task to pick one. The reason for which you purchase would assume a crucial part of the decision-making process. Some purchase a home for immediate occupation and some purchase for an investment choice. While most of the home buyers prefer to opt for ongoing projects, let’s take a look at a few of the benefits of investing in an ongoing apartment project: Price Discounts Offered: This is unquestionably the main benefits for apartment buyers with regards to booking ongoing projects in prime locations. The key intention is to grab the potential home buyers, to steady the cash flow and to make the credibility. So, if you book ongoing projects in the heart locations of the city, you make certain to get incredible offers or discounts. Most of the builders offer price discount on the final property estimation for the individuals who book an apartment on the ongoing stage. Many Options to Pick From- During the ongoing stage, only few of the apartment in the property may be reserved. This gives you better adaptability in picking a home of your decision. Be it regarding the Vaastu consistency, the floor plan decisions, floor number or closeness to any of the apartment facilities, you can pick a house to coordinate all of your necessities. However, once the ongoing stage is finished and there are more purchasers, you would have restricted options. Great Investment- If you can wait for a couple of years to move in ongoing apartment projects of the reliable builder, then it will be definitely a great investment. Particularly due to the appreciation value of the ongoing project. If you pick one out of a likely area, you make certain to get noteworthy appreciation costs when the construction work is completely done. Choose Varma Homes, The Best Builder in Kerala For Your Dream Home! Looking to book an ongoing apartment project in Kochi, the hub spot of real estate market in Kerala. Compared to other cities, it is the best place to settle down with family or as a bachelor, here you find Kochi as affordable to live, more convenient and accessible. Being the leading and the most reliable builder in Kerala, you can trust Varma Homes for your dream home! We have our ongoing projects in top locations of Kochi, Trivandrum and Thrissur. We build luxury homes with all the high-end facilities. We have a devoted group of experienced and profoundly skilled experts who are focused on realizing your dream home with a high value on your investment. If you are looking to have your dream come true home in Kochi, then come and feel the lavishness in our extravagance ongoing apartment project in the city of Kochi like Thiruvankulam & Tripunithura. Here are our 2 & 3 BHK Luxury Apartments with all the modern amenities. Located in the prime regions of the city, which are crafted with the finest care to detail and provide home buyers with an opportunity to experience a lifestyle that echoes the ethos of the city. Booking is now open for the projects Varma Padipura (Ready To Occupy) & Varma Bougain Heights (Work in Progress) with extra add on benefits. New projects are launching soon in Kochi at the locations – Vyttila, Vennala and Elamakkara. And more projects are also coming in the cities of Thrissur and Trivandrum as well. So, book your dream apartment in Kochi with us, great experiences are just around the corner!!!
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The Golden Rules for Lucrative Residential Real Estate
If you want to increase your riches, entering into the business of real estate has always been a tried-and-true tactic. It's among the few investments that will thrive during a boom and then be securely maintained during a downturn. When it comes to selecting a great property that will be profitable, there are no special tactics or formulas to follow; it's simply a matter of using common sense. Investing in residential real estate is a popular way to put your money to work. Whether you're planning on buying a house for yourself or planning on doing investment, you must know the golden rules of investing in residential real estate. Here we've compiled a list of the golden rules in real estate to remember before investing, regardless of how big or small your investment is. Rule 1: Perception Vs Reality in the Housing Market When it comes to real estate investing, there is a big difference between perception and reality. While most people that get into the world of residential real estate investment have beneficial experiences, some people that get into the market for the first time will find things the hard way. So, before putting any money down, it's a good idea to do some research on a few properties and the surrounding area. There should always be strong demand impulses to help your investment appreciate in the future. Education institutions, proximity to public transportation, ease of access, a wide range of current amenities, and planned future improvements are just a few examples. Rule 2: Before Entering a Market, Learn About Its Current & Future ConditionsThe real estate market is not something to overlook. Before getting into it, make sure you understand everything there is i.e. know about the existing and future market conditions. Understanding your investment goals before buying real estate can help you make an informed decision on whether it’s right for you. When investing in the real estate business, you must understand what is happening in the marketplace so that you can make decisions accordingly. Rule 3: Pick a Healthy Real Estate Market & Carefully Select Location Real estate has always been a lucrative business, with plenty of opportunities for success. Yet, not all real estate markets are the same. To determine the best market to invest in, you need to consider several factors. The type of property you want to buy also matters when it comes to markets. For example, if you're looking at buying an apartment building or commercial real estate, then location is more important than the rest of the market conditions. Also, another factor is the employment rate. How many people live in your area and what type of jobs do they have? Are they mostly unionized or non-unionized workers? Do you have many people working in manufacturing or retail, or is it more service-oriented? You need to know this information so you can determine if your market will be able to support the kind of investment you plan on. That is, if the apartment you buy is in a high-demand area or is near to an industrial or educational area, then you have the possibility of renting an apartment. Or you can buy homes to resell them at a higher price later on, etc. That is, some locations will keep your property occupied at a premium monthly rental rate while also making high capital gains. While others will produce exceptional rental returns or are better suited for long-term capital gains rather than rental revenue. So, always select a location while keeping the city market and investment concept in mind. Rule 4: Seek Out Demand Drivers Before confirming a buy, potential buyers who have done their homework will always enquire about the demand factors that set it apart. As a result, always look for your apartment with the demand drivers in mind. New shopping malls, complexes, or towers, for instance, can be a prospective housing market with excellent rental income and capital appreciation. Infrastructure development, such as flyovers, metros, or new roads, as well as commercial hubs, can all be growth drivers. Because housing demand tends to rise in the medium to long term, these places could be a goldmine for you. In the meantime, you can supplement your income by renting a home.To summarize,When you invest in a home, you are making a big commitment. This is why it’s important to remember the golden rules for investing in residential real estate. If you follow these rules, it will be easier to find a property that offers high returns and low risk. So, contact the best real estate builder for your investment when it comes time to building your dream home. If you are looking for the best apartments in Kerala to invest in, Varma Homes is the right choice. Varma Homes offers a range of 2BHK and 3BHK apartments in prime locations across Kerala. We are one of the best residential apartment builders in Kerala and can assist you with all your real estate requirements. So don't wait anymore! Contact us today by visiting our website or giving us a call at +91-9645883333.
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6 Reasons to Buy a Home in Summer Season
Summers are here and so is the vacation mode. It has often been said that summer is the right time to buy a house. To find out a home that you have always visualized is a herculean chore. Either the Vastu design or the location, or budget will be disagreeable. As owning a home is a lifelong asset, do not take the decision to buy your dream home in quickly. You have to spend some time and effort into this. For this, summer is the best time, the time where most of the people are on-off work mode. Let us check out the reasons why summer is the perfect time to buy your dream home. 1. Higher Inventory The sale of homes is usually in the peak mode of summer periods. It is the most time for residents to be on the move and for patrons to take the full advantage of the flow of inventory on the niche market. The main advantage for you is that you can get numerous choices to decide from, permitting you to possess the chance to be flexible to searching out an excellent deal instead of having to settle. 2. Get Enough Time to Decide Which the Best One Is The Real Estate market is now booming rapidly, which is why being a buyer you should consider timing as the factor when deciding whether to purchase your dream home or not. When you are looking for a new home, you get a plethora of options to choose from the best of your desires. If you are on the busy mode then you will not get the time to shortlist the best one from the list of choices. Therefore, it is unfortunate and annoying to be pressured into having to purchase a home that fits your criteria. Whereas during the summers, it is the time of holidays and the people are usually off work, giving higher chances for you to find a great deal by checking all the criteria and the neighbourhood details of the localities. 3. School is OUT If you are thinking to buy a home in this hotter season, take your kids along as they are probably out of schools. This gives you an option to have a walkthrough of your dream home with your kids and consider their perspectives. It will be good for both you and kids as they can often-spotting things that you do not. 4. Prices Drop Summer might be the busy home-buying time and you could find out the great deal. That is most of the sellers are willing to bid some incentives during the summer as they feel like they need to cut a transaction before pulling the listings before fall and winter. 5. Get To Know the Lay of the Land It is a little bit easier to do detective work on your new homes wish list and its surroundings during summer time. As the weather is nice and the days are longer, you will get the time to take research about your new property, to know the community and also to take the pulse of the neighbourhood. 6. Low Mortgage Rates Mortgage rates are often lower during the summer. There are various market factors that go into interest rates. Surprisingly, summer is the time of the year when banks come out with the most interesting loan schemes. It will help you to save your money for the long term, so it recommended that buy your home now before rates move higher. In a nutshell, summer provides a greater opportunity with many people who are looking to buy their dream home. if you are on a search of the right builder for buying your dream apartments or home in the prime locations of Kerala, then here is your choice, Varma Homes, the most dependable and trustworthy home builders. We come to you with an assortment of luxury apartments and flats of alluring design that is both reasonable and proximity to the city. So, as the weather heats up; with Varma Homes you can find hot deals and can transform your dream into reality.
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Amenities Checklist That Should Consider During Your Apartment Hunt
The housing concept has been changed massively in the present housing market owing to the desires & demands of the purchasers. Until ages back, a home implied acquiring land & constructing an independent house, however, in the current situation, a home is nothing less than a luxurious residence with all the conveniences & amenities. As you begin your apartment search, you'll need to brainstorm a rundown of ideal amenities your new home will bring. Picking a way of life of your own is something you can't face any risks. ‘Uncompromised’ is something that many top real estate builders in Kerala, like Varma Homes comprehend and respect. The interest for an individual space that you can call your own has consistently been a trendsetter, and nobody comprehends it better than Varma Homes, the most reliable and the trusted builder in Kerala. There is no denying that apartment life creates your life more relaxed & more enjoyable. As with our busy schedule, we often forget about peace & comfort for the well-functioning of our body, mind, & of course life. Hence, choose an apartment that has a comprehensive set of amenities that cater to your overall well-being. Take a glance at the apartment amenities that you must search for while selecting an apartment. Sports, Wellbeing & Recreational Activities Amid our bustling lives, it turns out to be simple for us to compromise our wellbeing. Anyhow, this can be effortlessly controlled if all the provisions are within our reach. Ie. Right from the swimming pool, gym, yoga hall, sports arena, spas, etc, ensure that your builder is giving you adequate amenities that will take into account your prosperity. Having these amenities after a restless day at your office is significant for leisure & social bonding to retain a healthy environment in society. Parking Provision Before finalizing a deal, it is important to check whether the apartment has a spacious reserved parking space that offers individual parking and separate guest parking to simplify the parking for residents. Typically, apartments with numerous units provide these, however, you need to affirm it. Aside from this, watch that there is a different parking spot for differently-abled individuals & ambulances. Similarly, ensure there is a suitable fire engine access way across the loft premises to arrive at emergencies (If happens). Well-designed Landscape Lavish and large lawns aren't just useful for your reviving yoga practice or morning walks, but on the other hand are an incredible spot to hold gatherings, events, parties etc. Including a lawn inside your apartment community is not lavishness, yet a need. Thus, ensure that your apartment premises have a landscape that is consistently available, and is constantly looked after appropriately. Clubhouse A carefully planned clubhouse takes your decision of choosing an apartment a bit higher. A clubhouse contains a banquet hall that comes truly helpful when masterminding your wedding anniversary party or child's birthday celebration, or any other special occasions. It gets troublesome and irritating to chase for banquet halls whenever an occasion occurs. So, having a clubhouse inside your apartment premises is an added advantage for the race of constructing happiness in your life. Security System & Power Backup This is an indispensable element of your apartment checklists. Your apartment should have a 24/7 professional security service with CCTV surveillance. Together with the apartment should also be equipped with an alarm system, intercoms, emergency buzzers, & top-of-the-line security installations to ensure that your apartment premise is secure. Additionally, make a point to check with your builder that your apartment has a proper power backup to support the electrical supply to save yourself from frequent power cuts. Play Area For Kids A secure play area for kids can work wonders to get your children involved with some physical activity. As much as studies, playing is fundamental for comprehensive development in kids. Meanwhile, most of the kids obsess over watching videos or playing games on tablets & mobile phones, urging them to go outside and play is a mission for guardians nowadays. But a striking, safe play area for kids is an incredible alternative to lure kids outside to play with the neighbouring kids. Hence, check with your builder if they would offer a play area, & make sure to check its quality if possible because your child’s safety comes first. Incessant Water Supply Water is life and getting a continuous water supply is one of the essential apartment amenities that you should deal with before purchasing a flat or apartment. Though the vast majority of the metropolitan urban areas are confronting water shortage and the apartment dwellers are struggling to get a legitimate freshwater supply. So, prior to picking an apartment ensure that there is an additional water supply accessible in the event of water shortage. So, if you are looking for an apartment, make sure you get all the amenities you will need to make your new space feel homey & lively. Being the most trusted builder in Kerala, Varma Homes, have high-end apartments projects in the prime locations of Kerala like Thiruvananthapuram, Kochi, Tripunithura, Thrissur and Kozhikode without any compromises for the convenient and modern amenities to ease life for residents. So, go ahead and take your preferred pick from our array of high-end apartment projects where you get comfort and convenience at its best!
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