NRI Investments in the most expensive real estate markets
NRI Investments in the most expensive real estate markets
Owing apartments in Kochi is the biggest dream of NRIs and the middle class people. Kochi is basically said to be an investors’ market and these investments of both the NRIs and the middle class people have fuelled up the growth in the city. Kochi has seen a massive growth in its IT sector and Infrastructural development through NRI investments.
Kochi is one among the most expensive real estate markets in India. Significantly, the populaces with an annual income of 13 lakhs and above only can consider buying residential projects in Kochi. Furthermore, the average price of the new apartment projects in Cochin and the rental value is noticeably getting high in the commercial capital of Kerala.
The city of Kochi is already in the process of progressing from the small town into a metro city. The major places like Tripunithura, Vyttila, Fort Kochi, Kakkanad and Edappally are becoming part of the prime residential locations in Kochi. Many number of new apartments in Kochi are found available for sale and rent in these places.
Nowadays, the home buyers who are most interested in investing in flats in Kochi are the salaried classes - the NRIs and the middle class people. And both these classes are specific about the facilities and the amenities offered by the flat builders in Kochi.
They are also price conscious and are not willing to spend their hard earned money on investing in the independent homes especially because of the unreasonable hike in the prices of such properties in Kochi. In order to help the home buyers in buying their dream homes, the Government of India is planning to drop the GST rate for property purchases under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%.
As NRIs are not dependent on home loans for buying new luxury flats in Kochi, the middle class people are the most beneficial with the Pradhan Mantri Awas Yojana (PMAY) Scheme in India. Under the 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 younger generations are also into investing in new luxury apartments in Kochi mainly because of the increase in number of IT companies, rapid progress of the transportation sector and improved communication in the metro city. With the advancement of metro rail, youngsters also prefer to buy new flats in Kochi which are even farther from their work places.
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Things to Focus Before You Purchase an Apartment in Cochin
Things to consider before booking your apartments in Cochin Are you dreaming to own an apartment in prime locales of Kochi? There is no shortage of rich housing choices in a metropolitan city, and Kochi is not exempt to that norm. Though, those who have searched for an apartment in Kerala's economic capital, Kochi might have understood that it’s not at all an easy chore. Purchasing an apartment in Cochin need to have a big deal of thinking and evaluation of various factors before fulfilling it. So, when you are planning to buy an apartment in Cochin, you always need to put some additional care and effort. When you decide to invest your hard earned cash on buying an apartment, consider these 9 factors before you jump into the final decision. 1. The Reputation of the Builder Yes, the reputation of builders plays a role. Purchasing an apartment from the reputed builder, to some degree, assures that all their promises will be fulfilled. Through their previous projects, you get to identify to what point they stand on their promises and what quality they deal with. 2. Excellent Connectivity It is another key thing to check before purchasing an apartment in Kochi. If your apartment is well connected with hospitals, retail shops, bus stops, medical stores, accessibility to the city, ATM, schools and your workplace then the whole thing will become more comfortable for you. 3. Essential Clearances Most importantly, you do not want to get jammed in some project where the mandatory clearances are not settled. So before you take a big step, check thoroughly significant legal documents and clearances. 4 Amenities Should Meet Your Expectations You need to check that the apartments you have shortlisted meet all your expectations about the amenities available in the area also. Like your apartment should be in a loop of short distances from Your Work Place, Shopping Malls, Educational Institutions, Hospitals, Parks and so forth. The cost of your selected apartment usually depends on the amenities provided, land cost, location, construction quality, used materials, possession date and nature of the project. 5. Safety & Security A natural disaster and its concerns can change your life, and result in the need for you to move on to another property. So always look at the high-performance apartment building that is a bit safe from all natural calamities and designed to adopt strategies for disaster resistance. The installations of safety features such as emergency alarms, exits, earthquake-resistant materials, basement flood pumps, fire hoses and extinguishers in apartments enable homeowners to get bigger protection from such unprecedented events. When choosing an apartment for you to ensure that the apartment has the right security arrangement like the facilities to block all unwanted salesperson, suspicious strangers and beggars. Although the family goes out of the city for some days your home is going to be secure and safe. 6. Discover the Essence of Luxury Living Close To Nature Stays on the soothing natural environment in the heart of the city are more comforting and peaceful. So discover apartments that have serene park views or that is within walking distance of green grass, bushes and trees. Altogether, the atmosphere stimuli your mood, so it is best to be in an abode where you have the least stress and you will find your sense of peace returning. 7. Future Valuation Property investment is sensible only it brings redoubled returns in future. You would possibly be shopping for an apartment to reside, you never know when you need to own a new apartment with a lot of facilities and sell the current one. So when it comes up to purchase an apartment consider the future valuation of the property. Kochi with its increasing traffic, pollution and frantic life, most of the people are looking for a residential zone that is in close proximity with IT HUB, open gates to nature and heaps of luxury to pamper them. To fulfil their dreams, Varma Homes, one of the most prominent builders in Cochin offers you luxury apartments in the prime locations of Queen of the Arabian Sea. Our major ready to occupy apartments in Cochin like Varma Regent and Varma Maalika has already received an awe-inspiring response from the public. We invite you to join our fast growing community of satisfied clients where you can meet the unmatched quality of living spaces and all the essentials for practical living. Now we are come up with a new prestigious project “Varma Bougain Heights Purple “at the central location of Chottanikara which is the perfect blend of serenity and accessibility. So make your first move, take a visit to our new project where words are not enough to define the splendour of Bougain Heights. You need to experience it, invest in this compact apartment and get guaranteed returns. Above all, enhancing the quality of life and constructing happiness are the key aspirations for Varma Homes. You can discover and experience all these factors for the peaceful living in all the houses of Varma Homes. So why are you wasting your valuable time in search of a luxurious, comfortable and elegant apartment in Kochi? Varma Homes is your best choice. Give us a call to book the fanciest most exclusive apartments in Cochin. We’d love to help you!
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Why Chottanikkara Is An Important Place For The Soothing Living In Kochi?
The significance of finding the right location for your apartment is not a compromising factor when it comes up to buy an apartment. As a home seeker, you have so many preferences for your perfect apartment. Usually, while searching for a flat, the buyer is highly advised to look for a location that is serene and gives you access to sound educational institutions and other significant landmarks in the area. Buyers give priorities to the prominence of looking into the security and quality of the neighbourhood in the site. Varma homes is one of the reputed builders in Kochi, in which all their apartments in the realm of Kochi, Trivandrum and Thrissur. Chottanikkara is one of the dream location in Kochi for those who want to purchase an apartment or home since the place has its own significance from others. It is a panchayat, which consists of Chottanikkara, Eruvely, Kureekkad, Kanayannur, Vattukkunnu, Kottayathupara and Palace Square. The place is a southern suburb in the city of Kochi and is a part of the urban agglomeration of Cochin City. Get To Know The Localities Advantages At Chottanikkara! When you live in Chottanikkara, you are close to what a noble lifestyle demands. The famous Chottanikkara temple is located in this town and the place has good access to the well-known Karingachira church. Chottanikkara has excellent connectivity to the seaport - airport road, mini bypass, and more, which makes the living in the land of temples, a truly royal experience. The ease of access to metro makes this place worth living. For a place with a surprisingly tranquil atmosphere, where you will get metro trains every now and then, Chottanikkara is a good family option. One of the major attraction of the city is Hill Palace, which is the largest archaeological museum. The various tourist from the nook and corner of the world has visited this palace to witness the authentic royal dynasty lifestyle of traditional Kerala Culture. The town has also good accessibility to the shopping malls, schools, colleges. The Government school Stadium of Chottanikkara is one of the largest Stadiums in Ernakulam District. EruveliPallippurathumana is the famous shooting spot at Chottanikkara. Moreover, it has bus stops in every part of the town and railway transportation is available. Unlike other urban areas, people need not be concerned about water availability as panchayat also provides drinking water supply. The lush green environment and round the clock water availability are some of the major fascinating factors for choosing this place as the perfect location for living. The famous IT hub Infopark is located near to Chottanikkara. Infopark triggered the whole real estate boom, inviting key players from all portion of the globe. Infopark also improved the lifestyle and culture of Chottanikara as a whole with the new residential and commercial ventures. Thus, the impact of the IT industry also thrives the absolute worth living in Chottanikkara. Chottanikkara bids easy access to all the main destinations of Kochi along with cosiness of a location well outside the limits of Kochi city. The real estate potentials of this place are highly striking which makes an excellent choice for a person looking for an apartment or flat in Kochi together with investment interests. Last but not Least, the Varma Bougain Heights at Chottanikkara is the major element that distinguishes Chottanikkara from Others. It is a luxury apartment in the heart of Chottanikara by Varma Homes, which offers you the same locality benefits and ensures all the superior amenities in terms of both quality and cosiness. Varma Homes, the top and finest builders in Kochi are perfect at designing comfortable living spaces. If you are planning to buy an apartment in Chottanikara, then head on to the Varma Bougain Heights at Chottanikkara. Come and experience an outstanding living at Varma Bougain Heights that will give you a flavour of grandeur and greatness of Varma Homes.
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Why Should You Opt For A Reputed Builder For Your Home
When you decide to purchase an apartment for yourself, you will find a broad range of real estate builders from all over giving you their views and choices. In this case, you have to select a reputed & reliable real estate builder from many, to guarantee you make a safe investment. Most people favour a quality lifestyle as well as a brand value of the builder who can be reliable. Let’s have a look at some of the key factors which could help you in investing with a reliable & reputed real estate builder. Timely Completion The most challenging real estate builders face is the complex chore of handing over the property to buyers on time. It plays a vital role in handing over the apartment as it talks about the brand & reputation of a firm. Reputed builders have the practice of their own systems & processes in handing over the apartment to the client immediately after purchasing without any delay. This assures that you will get the key to your dream apartment on time. Avoiding Foul Play It is of the highest significance to maintain a reputation that encourages them to sell their apartments not just in a single project as well as in other forthcoming activities also. Because of the change in the whole field of real estate, the developers and their projects must be registered with RERA, by this means considerably lessening the odds of foul play on their part. So, a reputable builder will always need to give the promised carpet area and satisfy different formalities. Modern Upgraded Amenities Many reliable builders have constructed their brands upon the type of amenities their apartment projects offer. These builders ensure that the apartments made by them possess leading-edge amenities. Amenities offered can be 24/7 security, clubhouse, landscaped gardens, ample parking space, swimming pool, children's play area, rooftop party area, firefighting system, recreation space, sewage treatment plant, open auditorium, home theatre etc. A trusted real estate builder can readily weigh the need for a new generation home-buyer & that mirrored in their apartment projects. Ease of Availability of Home Loan Once you decide to purchase an apartment from a reputed real estate builder in Kerala, your loan might get sanctioned easily without any problem. This is because financial businesses like banks are attached to recognized players of the real estate industry. So, the possibility of a potential scam lessens as the organizations & financial companies have completed the due ingenuity measure by themselves. High Return of Investment The apartment you select can run in your boon if you ever think of selling or renting your property. These kinds of apartment projects are typically located in the most popular zones, have good connectivity and also a safe & chic neighbourhood. Henceforth, this will make your return on investment of your property a higher one. So, when you search for an apartment offered by a reputed builder, ensure to identify the location. So here is the reason that purchasing an apartment from a reputed real estate builder gives you comfort, security as well as ensures first-class construction quality and a good living for you & the entire family. Varma Homes is one such real estate builder in Kerala that has acquired its stripes as one among the best & the most trusted builders. We have been consistent with the timely delivery of our apartment projects and, rest assured, can yield for you an incredible return on investment. Varma homes created a benchmark to construct not just the perfect homes but also emotions, happiness, comfort & dreams. We are continuing our commitment to build quality homes delivered on time & uphold the excellent standards of our design, quality, pricing and client service. Check out our newest apartment projects built in the thriving locations of Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode.
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READY TO BUY AN APARTMENT? HOLD ON, FIND THESE CHECKLIST
FIND THESE CHECKLIST BEFORE BUY AN APARTMENT Investing in a new housing property is one of the most crucial financial decisions we take as we incline to invest a large sum amount in one go. So there are certain things to pay attention before buying a flat to minimize your risk. To simplify things, here we have listed a few important things that everyone must cross check before buying your dream apartment or flat. Builder Credibility-Simply being in business for a long time is not enough; the builder should have earned customers trust and goodwill. Keeping promises on quality, delivery and amenities to customers is essential. You also need to check whether their offers are credible; some builders create too-good-to-be-true promises to draw customers, but they pull out later. There have been many such incidents everywhere where we’ve seen high rises falling as the builder used improper matter while constructing the house. To ensure you and your family safety, research well regarding the builder and the best method is to look for past projects of the builder. Legal Check of Property- Check whether the building has required authorization from the concerned authorities. Double check the builder have approvals and NOC from the electricity board, water supply, sewage boards, Panchayat/Municipal, Corporation etc. Ownership - There avail the number of apartments, and you can find flats of all price range. No matter whether you are looking for a 1BHK /2BHK/ 3BHK flat, you can easily discover the best choices. However, it is essential to comment that many people purchase under-construction flats just for investment targets. So, if you are looking for resale flats, you must guarantee the flat has the right ownership and has surpassed all the legal documents of the property. Litigation Free Land- Before you invest in the housing property, you want to confirm the land isn't concerned in any sort of legal dispute, as the property dealers or real estate brokers may try and hide such problem. So before finalising your deal make a background check of the land. Floor Plan- Before buying any flat, floor plan is a very significant consideration. It is vital to be aware of the flat space and the common share percentage, air passage, adequate ventilation, proper placements of the fixtures, directions and dimensions etc. Check The Carpet Area- You need to check the actual carpet space of the flat before you book one instead of the super built-up area. Usually, the super built-up area comprises the lobby, the staircase, elevator space, the thickness of the walls and others. Though, carpet area is the actual space within the walls of the flat. Government Permitted Land- The construction plan of a building is sanctioned by the authority only if the land come under the category of the ‘build-able’ class. So as to confirm the builder has obtained the required permission from the govt., you want to ask the owner of the flat to show the sanctioned papers. In this manner, you'll be able to keep one's hands off from the illegal properties. Property Taxes-Before investing your hard earned cash, you need to pay attention to property taxes. It’s important to confirm the builder has paid all the required taxes associated with the property upon which the flat has been made. Additional Charges-Numerous costs that go into making the total cost of a flat starting from parking space charges to club membership costs. In addition to basic cost, car parking, caretaker charges, public utilities such as sewage treatment and wastewater management can also cost more than the base price. So, inquire about these kinds of additional charges before paying the booking amount to avoid surprises later. Before you purchase a flat, you must query whether the building property is legally trouble-free or not. Buying a house is one among the huge steps in your life, it might be your years of saving and years of planning cannot be drop at the right moment when you make the final decision. Therefore, you are required to reminisce each of these points before you fix the deal. You don't need to worry about these things when you approach Varma Homes for your dream purchase of the apartments in Kochi, Thrissur & Trivandrum. As we know that buying an apartment may the biggest purchase of your life. So we strictly follow all the legal formalities and deliver all our projects on time or ahead of schedule for all our buyers. Being the top builder in Kerala, our credibility, top-notch quality and value we preserve in our services are stealing the heart of many people. We know our customers invest their in-depth faith and trust to us along with their hard-earned cash. Which is why we consistently put our customers first in our quality delivery strategy of our residential projects and leave no stone unturned to bring them exceptional living in our happy homes.
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Choose the right investment now & celebrate 2018 inside it..
Kochi, the commercial capital of Kerala, is one among the fastest growing cities in the country. There has been a constant boom in the real estate industry of Kochi, especially the residential property sector that has been aided by the entry of all inclusive apartments and residential enclaves. If you are looking for the best real estate investment option, especially apartments in Kochi, Varma Homes offers you an excellent opportunity. Varma Regent is a compact apartment project in Edappally with 1,2 and 3 bedroom apartments designed for a lifestyle of comfort and convenience. Varma Regent At A Glance • 1, 2 & 3 BHK Compact Apartments • 40 unit urbane homes • 862 sq.ft to 1357 sq.ft • Handover in 2017 December • No pre-EMI till handing over Favorable Features of Edappally Kochi Metro: Kochi Metro is a promising corridor for the growth of real estate in Kochi. The 25-km long stretch metro rail between Aluva and Petta is in the final phase now. The first phase up to Palarivattom will be ready for commissioning by the end of March. Changampuzha Park Metro Station is just 2 km away from Varma Regent. Edappally & Palarivattom Flyovers: Before the commencement of flyovers no other place in the city which had this much of traffic passing through it, other than Edappally. However, the four-lane flyovers in Edappally and Palarivattom have cleared the traffic bottlenecks in these areas. Social Infrastructure: Edappally enjoys a well-developed social infrastructure with many schools, hospitals malls and shopping centres in the vicinity. Some big malls including Lulu Mall - Indias Largest Shopping Mall is just 2 km to the Varma Regent. Amrita Institute of Medical Science, KIMS hospital, Renai & Aster Medicity are just a few km to this project. Connectivity: Edappally Junction is the meeting point for NH 47 and NH 17. It manages to connect the city to most of its components, either directly or as an alternative route. The IT core of Kakkanad and the Infopark also connect with the rest of the world through Edappally. All these factors make Edappally a prime investment option in Kochi for both, investors and end-users. Experts assert that now would be the right time to invest. Register Your Interest Now !
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