For building living spaces - location matters, convenience matters and finally, the creator matters. The conglomeration of all this, is the result of something beautiful and breathtaking. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same.
Tripunithura is the part of Kochi metropolitan area. It was the capital of the former Kingdom of Cochin. The 'Raja Nagari' - the royal city is one of the most prominent centers of traditional Kerala cultural heritage.
When you live anywhere in Tripunithura, specifically at S.N. Junction, you are proximate to almost everything a royal lifestyle demands. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more, making living in the land of temples, dynasty and rich in history, a truly royal experience.
True love and real happiness make your life get marked the same as your comfort zone. Once you find them, they leave an indelible mark in your life. You have found Maalika; you have found the true meaning of love and happiness. We dedicate ample time and effort to transcend our client's ideas to blend with our constructive creativity and thereby a dream home goes 'real'. Our 2 & 3 BHK luxury homes ranging between areas of 890 sq.ft to 1310 sq.ft fits the urban space amenities perfectly.
At Maalika, a magical spell appeals your inside. The insides are crafted with unmatched blend of artistry, spatial elegance and design. Call it a perfect place to portray your inside stories in the finest canvas you have ever seen. We collaborated with talented architects and design houses to bring you the very best you can get. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces.
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It is possible that, as a first-time buyer while deliberating on purchasing a dream abode, choosing an apartment will cause you to second-guess your thoughts. After all, it's your hard-earned money and the secure future of your family that’s on line. There was once a time when different builders had different standards and principles applied to the purchase of an apartment, stirring confusion among home buyers. This is the reason why the Indian government brought about a revolutionary change in 2016 to safeguard the interests of existing and potential buyers. The Real Estate (Regulation and Development) Act was enacted in 2016 and the Real Estate Regulatory Authority (RERA) was born. The Kerala Real Estate Regulatory Authority (KRERA) was founded by the Kerala government to regulate and enhance the real estate industry in the state. KRERA is the new real estate champion, supporting accountability, citizen-centric policies, and greater financial discipline while defending the rights of investors. This Act is a sigh of relief for consumers as it makes real estate dealings transparent. Here are the positive RERA ACT benefits for why you can confidently buy an apartment now:? Exposure to comprehensive informationOne of the most essential benefits of RERA for house buyers is the right to property information. You get thorough information about the property that you are purchasing as a home buyer. When it comes to making prospective selections, this type of knowledge can be quite useful to a purchaser. The developer or builder should share with you all the project information, such as the layout plan, building phases, action plan, and completion status. ? A normalised carpet areaThe carpet area, or the area of the apartment apart from the width of the inner walls, is the space that can actually be covered by a carpet. Prior to the RERA Act, builders used their own technique or calculation for estimating the carpet area of a unit or property. RERA, on the other hand, has codified or standardised how a builder determines the carpet area. As a result of the RERA Act's implementation, a builder must now specify how much carpet space they are providing. Property prices in India are now determined by carpet area. ? No more holdups in projectsThe possession date for each flat must be specified by the property developer. The developer will face a flurry of penalties if the project is not completed by the deadline. If the developer fails to deliver on the specified date, the buyer has the option of either withdrawing from the project and receiving a complete refund, including interest, or continuing to work on it and receiving reimbursement and interest. ? Control over advances One of the great benefits of RERA is that a builder cannot charge more than 10% of the cost of the flat as an advance or application fee before entering into a sales agreement. ? Flaws are held responsible If a buyer discovers any flaw or problem in the structure, quality, or service of the flat within 5 years of ownership of the flat, the builder is required to rectify the deficiency within 30 days at no additional cost under the RERA Act. The buyer would be able to claim compensation if the builder failed to correct the fault. ? Mending broken promisesThe buyer has the right to litigate if the builder's obligations or promises regarding the actual project do not match. The buyer then has the right to decline the projects and receive a full refund of the initial deposit, plus interest and compensation. ? Approval before selling offBuilders may have sold projects without the necessary permission in the past. This is not the case under RERA now. Builders and real estate brokers will be obliged to register with the authorities, providing every detail about their projects, and only then will they be permitted to sell them after receiving the necessary approval. ? Prohibition to deviate fundsTypically, a developer will be working on multiple projects at the same time. They used to be able to divert funding between projects as they pleased. After the implementation of RERA, this will no longer be possible. The builder must set aside 70% of the project's proceeds in a separate bank account. He can only withdraw money from such an account after the project has been completed and certified by a civil engineer, an architect, and a practising chartered accountant. Because the funds can no longer be diverted to other projects or used for other purposes, they will be used for their intended purpose. ? Fast track grievance redressalComplaints against a builder can be brought to the state body established under RERA, which will have the jurisdiction to resolve all. If you disagree with the order, you may appeal to the Appellate Tribunal, which will resolve your case within 60 days. It will keep track of the reasons for any failure to do so also. The Varma PromiseWe at Varma Homes understand the buyer’s requirements and concerns. Therefore, all of our projects from the year 2019 are KRERA approved, following the industry norms, and are delivered as per our given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-won endeavours and investments of many. If you aspire to buy an apartment in Kerala, Varma Homes is all set to take you ahead. We are a renowned real estate builder who specialises in providing accessible residential properties. You can select from a variety of alternatives to meet your needs and budget. We started with residential construction in Kochi and have since expanded to Trivandrum and Thrissur. Our major launches will be coming soon in Calicut and other important cities. Choose the option that best meets your requirements! For additional information, please contact us at 9645 88 33 33.Read More
Opportunities don’t always knock at the doorstep when they do, you must ready to use it to the fullest. Well, it is true that COVID- 19 outbreak has proven the fact that owning a home is the best way than coping with the worries of living in rented accommodation. Now people are also aware of the significance of having an investment in the realty market as an asset class in their investment hamper. Since it is the most reliable and steady return investment choice compared to other investments options of high risks. Purchasing a home is often the biggest purchase of our lives, and a mortgage or home loan is typically our biggest financial commitment. Keeping the total acquisition charge in mind, affordable housing categories and the mid-segment have arisen as the most sought after for buyers. Good News For Potential Buyers, It’s The Time To Strike The novel COVID-19 pandemic has added numerous uncertainties to every single part of life, and the housing market is no exception. So, RBI take steps to deal with this situation with lowered repo rates, increase liquidity in the market, and the introduction of subsided housing schemes by the government. These changes will go a wide way of generating the much-desired demand for potential buyers. This is absolutely good news for those who wish to own an apartment, moreover for those who waiting for the right time to strike. So now banks have made home loans most attractive giving home buyers with a chance that cannot be missed. The steep cut has brought interest rates on home loans by private & public sector banks to their lowest interest rates of 6.95% with effect from July 2020. Fixed home loan rates are the lowest they have been, and it will be the best time to yield the benefit of this ultra-low interest situation. Once the economy recovers this unprecedented hit loss in the market, the property prices will bounce back and this low-interest-rate environment will vanish. There is no doubt that the coronavirus outbreak has totally changed the meaning of what we have come to know as home. Now it becomes a school to our children, an office, and of course secure abode for our family. If you are looking for the right time & the right opportunity, then wait no further. Here is the right opportunity in the form of low home loan Interest rates. Go ahead, make its optimum use and realize your life dream of owning a home. You can now contact Varma Homes, the best builder in Kerala, for booking your dream apartment in your favourite city. We have our best quality apartments in major cities of God's own country like Kochi, Trivandrum and Thrissur. Check out our incomparable apartments, we are sure that you will be spellbound. Realize your dream home with us, once you invest, you will have a fixed asset that will have value at any time. Opportunities are like sunrises, so take the benefit of low-interest rate & own your dream apartment from the house of Varma Homes!Read More
Residential property investment is a big decision and is not an easy task. The processes are daunting but when we do it in the right manner at the right time; it will become the biggest asset in our lifespan. Now the real estate sector has gone through a vast deal of changes to make the home buying process simpler than ever before. If you are waiting for the right time to invest in the realty market, then wait no longer. Now the niche market is seeming a tremendous rise in demand for reasons like sparse area, rise in population, and immigration of individuals from different states and nations. So here are the top reasons why you need to invest in property at the earliest. Time Lets You to Take Risks People who begin investing in properties late in their life are often inherently more alert and careful with the investment decisions and are not ready to take any risks. Those people who are in the age group of the early 30s are ready to take risks and they often earn good gains too. Honestly, all investments are risky and if you put the risk at the right time helps you earn more profits. Consistent Hike in the Price of Properties There is no doubt that real estate is one of the safest investment you can ever make as it is always guaranteed to rise in value over time. For example, studies prove that Metro cities like Kochi & Trivandrum have recorded a substantial growth rate than in the last few years. This indicates that investing in the right property without any much delay would double the value in a few years. Higher EMIs to Pay As You Get Older Young age works in your favour when you are investing in real estate. In this age, you can save enough and also avail loans without much hassle. Here you get to pay a very less EMI on your home loan the younger you are. That is, when you are young, you get more opportunity to invest than in the older age. So, take plus of that fact. After all, you are young only once. Loan Availability When an individual starts investing in their early 30s, the odds for a financial organization to approve a loan is more because she or he would be having a stable source of income for loan payment along with a decent credit score. No Rental Payments Rather than spending too much of amount in giving the rent for your home, you can invest in a real estate and turn to pay the home loan EMI for it. It will be your future investment and it surely aids you more than paying for the rented homes. Support Your Retirement Plans The early age investment increases the chance for financial stability even at a younger age. So think about the savings for retirement from the age of 25s rather than the age of 50s. Life after the retirement is more challenging and complicated than it has ever been, so make proper plans for your retirement now, which in turn lead to a happier life after retirement. If you are finally planning to invest in a home of your own, then visit Varma Homes, the most leading builders in Kerala. Our top-notch quality of construction and superb prime locations make our apartments the best choice for first-time home buyers. So, what are you waiting for? Owning your dream home may not be easy, but it’s definitely worth it when you realize it at the right time. Ping us to know more about our projects or visit: www.varmahomes.comRead More
Are you someone looking for new apartments or new flats in the metro city? Then this is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable. The Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. On January 18, the GST Council had extended the GST concessional rate on projects constructed or properties acquired under the CLSS for the economically weaker section (EWS) of lower-income group and middle-income group. The home loan amount and interest subsidy rates are as follows: EWS - Individuals who are earning up to Rs 3 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. LIG - Individuals who are earning from Rs 3 to 6 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. MIG-1 - Individuals who are earning from Rs 6 to 12 lakhs per annum are eligible for a maximum loan amount of Rs 9 lakhs. Interest subsidy is 4% per annum and maximum interest subsidy amount is up to Rs 2.35 lakhs. And the maximum carpet area limit is 1291 sq. ft. MIG-2 - Individuals who are earning from Rs 12 to 18 lakhs per annum are eligible for a maximum loan amount of Rs 12 lakhs. Interest subsidy is 3% per annum and maximum interest subsidy amount is up to Rs 2.30 lakhs. And the maximum carpet area limit is 1614 sq. ft. A simple and transparent tax applied on the purchase price is the biggest advantage for property buyers. All under-construction properties will be charged at 8% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready to move in properties and completed projects, as there are no indirect taxes applicable in the sale of such properties. In case of under-construction properties, levy of stamp duty and registration charges on the buyer will continue. Under the current tax regime, the home builders are subject to central excise duty, VAT and entry taxes (levied by state) on construction material cost. On the services used (labour charges, architect fees, approval charges, legal fees, etc.), developers pay service tax of 15%. Real estate developers also grapple with the challenges of multiple-taxation and the cumulative burden eventually gets passed on to the buyer. As the benefit of input tax credit being considered as an added advantage, developers too will find the GST regime much simpler to work with. A move of bringing real estate under the purview of the new tax regime, would definitely come as a major boost for the real estate investors of the ready-to-move-in properties. As of now, only the buyers of under-construction projects are covered under the new tax regime. On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available. If you are someone looking for new apartments in Kerala and to get more information about any of the projects of Varma Homes, please do visit our website at www.varmahomes.com. And to make a booking enquiry, please use the form on the website or telephone +91 9645 88 33 33 and we will get back to you as soon as possible.Read More
One Crore Worth Asset with a Minimum Investment Do you know the profits of investing in real estate? Have you ever thought about your investment option that you get guaranteed future returns? Whether you think about your retirement life with a substantial income? The answer to all these queries is to acquire an investment in the realty market with the full guaranteed appreciation of land property from a top and reputed builder. However, with the right perception, investing can be one among the most lucrative deeds you take part. Real estate investment has proven time and again, that it can serve as a wealth building source for all savvy investors. You can enjoy an exceptional rate of returns, amazing tax benefits and leverage real estate to form your wealth. So an investment in real estate is not only a safe financial investment but also an investment that can withdraw years of fun, happiness and precious memories that will last for a lifetime. Invest With the Right Builder to Get the Guaranteed Future Returns Let’s assume if you shortlisted an apartment for buying. One of the most unique things about investing in real estate is that you can buy it using a small amount of your own money, i.e almost 20% of the total project cost, while borrowing the rest, often 80% with the bank loaned money. It is a proven fact that the worth of real estate investment will rise over time and is a stable way to upsurge wealth over a period. For instance, early investors can avail of special launch offers(discounts) from the builders. And this discount may be for limited bookings and a short period. The real estate projects are developed in different phases and the price also increases in the ongoing phases of the project. So, when someone invest in the pre-launch or new-launch phase, the investor can earn a good profit in a short period in the development of the project. So investing in real estate is the guaranteed future returns. Hence, select your property wisely by hiring the right builder like Varma Homes and get your one crore worth asset with the minimum initial investment. Here we can assure that you never regret your decisions! Though, it is also essential to check the builder’s expertise and track- record before buying an apartment for getting the good resale value of the property in the future. Always pick a builder with a good reputation, who gives primacy for best locations, quality work, financial stability, promptness and above all, there have an active post-sales service crew. Hence, it will guarantee that you get a good future return on your hard-earned cash. Varma homes, #1 Builder in Kerala believe in constructing happiness among people with our extraordinary services. We have completed and ongoing residential projects in the prime localities of metropolitan city Kochi, Trivandrum and Thrissur. If you are planning to purchase an apartment, but worry about the formalities of a home loan for owning it. Then you can stop wasting time worrying, as we have the tie-up with all major banks, and we offer pre-approved loans for all our projects. And so we invite you to join our ever-growing community of satisfied customers, here you can meet unmatched quality with affordable rates and guaranteed future returns. Make your wealth by investing your interests with us and get a lifelong investment!!! Unlock the benefits of real estate over other assets>>> “Investing in Mutual Funds/Shares/Real Estate, Which is better?”Read More