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:
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.
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.
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.
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.
Kerala is renowned for having an abundance of natural beauty thanks to its many palm-lined beaches, beautiful lakes, and the mysterious and deep Western Ghats. However, Kerala also draws folks wishing to buy a house and start a family as well as tourists. Although Trivandrum is the state's capital, it is still regarded as a youthful city that is expanding quickly in both horizontal and vertical directions. It is a wonderful spot to invest.Everyone strives to achieve the key milestone of home ownership. And it becomes a notable accomplishment while purchasing a flat in Trivandrum. Despite being the capital of Kerala, Trivandrum is still expanding both vertically and horizontally. There is a tonne of residential developments underway throughout the city, which gives home buyers a tonne of options since the real estate market is booming!With miles of tranquil beaches, several lakes, and eco-tourism in the enigmatic Western Ghats, Trivandrum is renowned for its natural beauty. However, prospective homebuyers are attracted to Trivandrum just as much as tourists are. Given all the city has to offer, it is understandable that those looking to purchase apartments choose Trivandrum.Since it became the capital of the Kingdom of Travancore in 1795, this historically significant city, with roots dating back to the tenth century, has been linked to the aristocracy. Trivandrum's continuous status as the nation's capital even after independence has resulted in great infrastructure being in place as well. In addition to having some of the best multi specialty hospitals in the country, the city is also highly renowned for its top-notch educational institutions and medical travel.In addition to all of this, Trivandrum is home to Technopark, one of the biggest IT centres in the nation, which employs over 60,000 techies from throughout the nation. The need for new residences in Trivandrum is also being fuelled by this rebellious population, and developers are responding by offering a large number of flats for sale in prime Trivandrum locations. Over the past few years, the nation has experienced a number of revolutionary developments, including the installation of RERA, GST, and demonetization.And when the current pandemic finally brought an end to these ups and downs, a complete shift in attitudes occurred in the minds of individuals who were still debating whether to buy a property. Here's a closer look at some of the elements that make it a good time to purchase apartments in Trivandrum:Tangible AssetThis is the ideal time to invest in real estate due to a recovering economy and employment stability. Most people learned the value of having material possessions and a place to call home during the pandemic. Additionally, they started to pay closer attention to their family's security and started to invest in reliable assets. Purchasing a flat will also provide you with solid investment returns because rental incomes are expected to stabilise.Home loansThe banks are currently offering the lowest interest rates on house loans ever, making this the ideal time to purchase apartments in Trivandrum. Most banks now provide home loans with interest rates as low as 7% as a result of RBI's numerous repo rate reductions. Before applying, make sure to check your CBIL score. CIBIL scores between 750 and 800 entitle you to very reasonable EMIs for the duration of your loan.Perks A significant amount of merchandise accumulated during the pandemic with few serious purchasers in between. The majority of folks preferred the wait-and-see strategy. Builders need money to continue forward with other projects, but because sales have stagnated, the majority of builders are providing incentives to get customers to commit. As a result, homeowners now have more negotiating power and a large number of "ready-to-move-in homes" are offered at "under-construction" prices.Buyer's Market You can easily get quality properties at the rates of those in the affordable segment. This is due to the buyer's market we are currently seeing, where strong projects may not provide substantial discounts but may instead include free amenities like parking or more favourable repayment terms.Market BoomA boom in the property market and its pricing is anticipated soon since Technopark will need additional high-quality residences to accommodate the well-travelled personnel of upcoming MNCs.All this makes the current time to be the right time to buy luxury flats in Trivandrum. Come be a part of the Varma Homes family today and invest in a flat in Trivandrum - while the time is still right!
Read MoreEveryone is urged to invest in real estate at least once in their lives, making it one of the most sought-after sectors. There are several different considerations while looking for residential property in Kerala. Kerala, the most populous state in the nation, has a distinct predilection for homebuyers, which drives up property prices swiftly.It can be difficult to find an affordable apartment in Kochi, but with the appropriate strategy, it is undoubtedly doable. The following advice will help you locate an affordable flats in Kochi:However, below are some ways to determine how to find budget friendly apartments in Kochi:1. Fixing the budget bucket:Focusing on the price you are willing to pay for something is the easiest approach to eliminate options while making a purchase. By examining your expenses relative to your income, you may determine your budget for purchasing a home in Kochi. Calculating this will give you a number that will enable you to determine the amount you are willing to set aside specifically for your property. To create a budget, you must also account for expenses such as moving in, interior renovations, repairs, and more.2. Narrow your search criteria: Now that you know how much money you have to spend, find the locations that fall within that range. Avoid the error of limiting your search to areas based solely on price; instead, consider comfort and the layout of your ideal home so that you may determine which location best suits all of your interests. You should consider the area in light of the needs of both you and your family. This can help you save money on other expenses like flying or buying stuff because there aren't as many alternatives.3. Builder reputation: Choosing a trustworthy home builder in Kochi is crucial when looking to buy a house on a tight budget. There are many frauds taking place under the name of low prices. To avoid losing your money or raising the risk of investing, be careful not to invest with a builder you cannot trust. Before engaging in any transactions, make sure you run your errands to confirm the builder is genuine before making any transactions.4. Configuration of your home:For you to live comfortably and without feeling claustrophobic, it is essential to know how many members of your family there are and what size apartment you will need. As a result, you must also determine whether your family's needs can be met within your budget. You may have trouble finding a 3 BHK apartment in Kochi at a budget of less than 50 lakhs.5. Know the project details:When you want to obtain a good deal on affordable homes, understanding the phrases and what they imply in real estate is equally vital. This is so you can be sure you are getting what you are paying for and that none of your investment money is wasted after you understand what carpet area, built area, super built area, floor plans, and other such information entail.In conclusion, Kerala as a state has done exceptionally well in the real estate sector over the past several years, and its affordability will decline as the demand for homes increases. This indicates that you will now benefit from heeding the aforementioned advice. Make sure to act quickly and decide after thorough investigation.Finding a budget-friendly apartment in Kochi is possible with a little bit of research and flexibility. Determine your budget, look for deals and discounts, consider location, be flexible with amenities, research online, and visit the apartments. Remember that a budget-friendly apartment is not always the cheapest, but it is the one that fits your needs and budget.Only a select few people are gifted with the ability to design. It calls for a lot of bravery, tenacity, and excitement. Varma Homes is on track to introduce an affluent lifestyle as part of its aim to "Construct Happiness" with our brand-new apartment projects around Kerala. We have always been dedicated to creating happiness for our clients who think that purchasing joyful homes now will secure their investment for future generations. We have consistently upheld our extraordinary standards and high calibre, which includes only cooperating with suppliers and partners who share our dedication to excellence. At Varma Homes, we strive to meet the needs of all parties involved, including customers, investors, and staff.
Read MoreThe demand for purchasing apartments among Indian millennials has improved compared with pre-pandemic stages. Millennials are those referring to the generation born between 1980 & 2000 are fast entering their prime spending years. Growing up in an age of quick change, they have a set of priorities & expectations that are completely different from those of the older generations. That is, they don't want cars & houses but just need fun & convenience. But now they start seriously thinking about owning a home with the best facilities around. So, it has been countersigned that even the current populace is getting ahead putting their hard-earned investment into a home since the lifestyle patterns are relied upon to change significantly after the pandemic stage ends. This rising demand is in part being driven by millennials expecting reduced mobility in the forthcoming as work from home culture takes hold, along with an increasing sentiment swing towards savings and asset making post-pandemic. So definitely, the pandemic has made them realise the significance of owning a home instead of leasing one. Owning a home has consistently been a crucial portion of the investment plan, and under new typical rules, purchasers are seeing a value proposition for investing in the realty market. Read on to find out reasons that pulled millennials to invest in real estate. Opted for Owning Rather Than Lease for Getting A Lifetime of Comfort When you spend for a property you don’t own & you don’t create equity. Eventually, your money is raising your landlord’s assets and future, not your own. Owning a home is a clever way to build lifelong wealth. Although purchasing a house can be costly initially, if you factor in the expenses connected with renting, owning your own home will truly end up cheaper in the long run. As well, now the outbreak of Covid-19 has insisted on the value of a safe & the reliable home that creates a lifetime of comfort. Usually, the 25-40 age group, who did not give much preference to purchasing a home because it provided them with the flexibleness to shift jobs and hop cities, is now more than ever serious of having a physical asset. The reason more millennials are interested in investing in property for self-use is that it is now much more affordable to purchase a house and deals are accessible in the market. Historic Home Loan Rates Now the home loan charges are at historic lows, the calibrated resume to the economy of India sees a flood of enquiries from the potential homegrown as well as NRI home buyers. Taxation profits on repayment of home loans add to the dealings being too good to resist. Falling interest rates attract less interest earned on bank fixed deposits in comparison to the rental profits earned in real estate investment and besides enjoy the profits of capital appreciation. Returning NRI’s Real estate will be assured for both end-users and investors in the post-pandemic world. Millennials living in rental houses have understood the worth of being in their own apartments while NRIs encountering challenging times in their present domiciles are staring at constructing a house when they return in India. The size of the NRI investor market is now large in the affordable and mid-segment housing section. The falling rate of the rupee & the present situation increases NRIs interest in buying residential property in their hometown. Work from Home Impact Recently there witnessed a substantial rush in the number of young people looking to purchase a home for end-use during the pandemic as mortgage rates are low & work-from-home is a new reality. The necessity for additional or extra space for home offices is on the rise, with the necessity for more well-planned designs. The importance of business centres, common amenities, and more open spaces will be an integral part of the new demand criteria in the post-COVID-19 world. Summing-up, Due to this pandemic real estate is witnessing a tremendous change in consumer behaviour. Owning a house is now seen as a priority in the context of safe & secure investment. This will steer intensified demand for homes, as the economy sees a calibrated resume. If you are looking for a right builder to start your investment, then here is your right choice, Varma Homes, the best builder in Kerala. We have our best top-notch quality apartments in major cities of God's own country like Kochi, Trivandrum & Thrissur. Check out our unparalleled apartments, we are certain that you will be mesmerized. Invest your dream home with us, once you invest, you will have a long-term asset that will have value at any time. Take a browse through our website for more information on our ongoing apartment projects.
Read MoreEveryone has biased opinions of apartment living. In fact, it has diverse perks that differ from the living of an independent house. Well here are some common myths circulating about apartment living in general. Fortunately, these are just those myths! However, the truth is, an apartment is a better option than an independent house in several ways. Take a look at common myths about apartment living that need to be busted. Myth#1: Lacks Social Life Many accept that apartment tenants favor keeping to themselves & that individuals are not friendly. It's really funny when individuals assume occupants in apartments are excessively straight confronted and are probably going to mind their own interests. But in reality, luxury apartments have a wide range of amenities to keep the sporty vibe in the premises going. Right from ultra-luxurious clubhouses to complete health and sportive conveniences, they have everything. So apartments with an extensive amount of amenities promote social living and make everybody a part of a close-knit society. Myth#2: Not Convenient This is one of the greatest wrong misguided judgments about apartment living. Whereas apartments come with different conveniences to guarantee a serene & happy life for occupants. Be it maintenance or security, apartments are prepared to offer the best of metropolitan living. Myth#3: There Is No Privacy Apartments these days are created with much more consideration about the living experience than any time before. They are designed in such a means to guarantee the total privacy of families living inside. They are signified to give a hotel-like feel to the homes with no/minimum common walls within the apartments, soundproof walls, and a lot more customized conveniences to ensure privacy. Myth#4: Too Expensive Individuals will in general consider apartment living as a costly issue when contrasted with autonomous houses. In any case, apartments make a commendable investment guaranteeing quality living will all the essential conveniences. From swimming pools to 24 hours security, apartment living makes life simple. Myth#5: Not Sufficient Space Oftentimes when individuals hear the word 'apartment', they promptly think about a shabby, confined living space with no storage alternatives. Actually, numerous luxury apartments have a ton to offer in storage terms. Search for homes with spacious balconies, open-plan living, higher than normal roof heights & so on, where there is no question of space shortage. There we can find functional design elements such as separate laundry spaces, natural light, ventilation, and much more. Myth#6: Not As Safe As Independent Homes Basically, all apartments are provided with 24 hours security & CCTV surveillance of premises to guarantee the wellbeing and security of the inhabitants. Hence these are really more secure than independent houses which have the least security around the premises. Furthermore, the vehicles too have much greater and optimized space & safety in the car parking area of apartment premises, which is more protected than a car park in the garage of an independent house. In a nutshell, Perhaps the main thing you ought to get from this is that things that may appear obvious aren't factual. In fact, investing in luxury apartments can definitely be a great deal. But when managing your purchase of an apartment you should make an honest effort to research as much you can. Before focusing on the right apartment project to purchase, guarantee that you pick a renowned & reliable real estate builder with a good track record & reputation. As a home purchaser, it is your privilege and duty to check if the builder has enlisted the project with RERA & so on. If you are in search of the best builder, then here is your right choice, Varma Homes a name that stands for perfect top-notch quality home builders. We have a legacy of expertise in this field and refinement that is reflected altogether in our residential projects since the day of inception. With superiority apartment projects, we are probably the best builder in Kerala offering affordable and luxury apartments in prominent places in Kerala such as Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode. We ensure that all our apartment projects are constructed to serve the requirements of our buyers & and meet their happiness. Moreover, all Varma Homes projects are well planned & executed to guarantee that apartments are delivered on time, every time! From luxury to super-luxury apartments, we offer the ideal choices for home-purchasers looking for quality apartment living. After all, at the end of the day, we all want a home that matches our lifestyle, so enquire now to get what you dreamt of!!!
Read MoreBuying an apartment or home is everyone dream. Maybe owning a home is your years of planning and saving, so it is not fair to take a final decision in a hurry. There are certain things to keep in mind before purchasing an apartment. For purchasing an apartment some might take a loan from bank, followed by periodic instalments rolling out of your revenue, you need to be more alert. Though there are certain crucial factors to be considered while buying a new apartment, they are location, price, etc. Let’s check out the essential documents necessary for this and you are required to keep all possible points in mind before you take the leap and make a selection of your dream apartment. Property Worth The fixing of the budget is the first step for selecting an apartment, If you correctly know how much you can spend to buy an apartment, it will be easier to shortlist the house according to your budget. So when you plan to buy an apartment you need to compare the property prices of various builders and get an idea about it whether they are offering genuine prices or not. You can undoubtedly approach Varma Homes since we offer genuine prices for our apartments. Land Record The land where your apartment is constructed is also crucial while considering your purchasing decision. You need to research about the topography and soil quality of the land and also check whether the land is cleared of all the dues and properly registered or not. Apartment Location Location is also important while purchasing an apartment. The apartment must be in a secured and safe place since we are expecting to live in a peaceful area that should be free from all troubles. The amenities and the physical infrastructure of the selected apartment need to be checked. All apartments of Varma Homes are ideally located in major cities like Trivandrum, Thrissur and Kochi, So you do not worry about the safety or other related factors when you choose Varma Homes apartments. Financing Banks When you are planning to take a loan from banks for buying an apartment, then this is the best time since various banks offer different customized options with low-interest rate home loans for customers. They provide customized solutions for their customers who have approached them for granting home loans for fulfilling their dream of buying an apartment. In short, purchasing an apartment is an important decision you would take in your life, so you have the obligation towards your family and yourself to look into all the above considerations before buying your dream apartment. Varma Homes is the leading and trusted builder in Kerala offering new luxury apartments, budget-friendly flats and residential projects in Kochi, Trivandrum and Thrissur, which are designed to build happiness. We believe in bringing happiness to you with our exceptional services and offer you with an innovative range of apartments and flats that tie up with your requirements, If you are looking forward to buying apartments or flats in Kochi, Trivandrum and Thrissur, look no further, Catch Varma Homes, the pioneer builder in Kochi, give us a call, We are waiting to hear from you!!!!
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