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 homebuyers 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 multispecialty hospitals in the country, the city is also highly renowned for its top-notch educational institutions and medical travel.
Trivandrum, the capital of Kerala and the second-largest city in the state, is constantly expanding in terms of real estate investments as a result of the numerous factors listed below:
More than 350 businesses and organisations with almost 60,000 employees are based in Trivandrum's Technopark, the city's information technology centre, which opened its doors in 1990. The city's current expansion, which includes the addition of 37 hectares of land as part of Phase IIII extension, is largely owed to its well-established IT hub.
As was already said, Trivandrum is a rapidly expanding IT centre, home to large international corporations like Oracle, Infosys,TCS, UST Global, Confianz, etc., which has increased work prospects and drawn many IT professionals from throughout the state and nation. not to mention the expansion of other industries. In consequence, this has significantly increased the city's real estate market.
The Trivandrum Light Metro is a suggested name for the metro train system that the Keralan government intends to build. It will be one of the major city developments, boosting the real estate market and the local economy. The well-known Vizhinjam harbour project will also fundamentally alter the course of the city's development once construction begins.
Trivandrum has everything, including international schools, colleges, multi-specialty hospitals, and world-class shopping malls.
Trivandrum, like most places in Kerala, is endowed with stunning landscapes and water features. The city is renowned for its beautiful weather and less polluted surroundings.
The city has become increasingly active as a result of the rapid growth in the number of retail malls and centres, multiplexes, multinational food chains, and other commercial hubs, giving it a multicultural, cosmopolitan culture.
The 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 CIBIL score. CIBIL scores between 750 and 800 entitle you to very reasonable EMIs for the duration of your loan.
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.
At prices in the inexpensive class, you can readily find high-quality properties. 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.
A 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.
This is the ideal time to make a real estate investment, thanks to a recovering economy and job security. The majority of individuals learned the value of having tangible belongings and a place to call home throughout the pandemic. They also started to think more about investing in reliable assets and ensuring the safety of their family. The investment returns from purchasing a flat are also certain, as rental incomes are expected to steady.
Due to the rapid market change, now is the ideal time to invest in or purchase residential properties, flats, and apartments in Trivandrum. One of Trivandrum's most reputable and trustworthy builders, Varma Homes, provides high-quality residential buildings with top-notch amenities in excellent locations.
The concept of luxury apartments is continually developing in Indian business sectors because of expanding buying power. The interest of luxury projects has been gradually moving from the high class to the middle-class populace implying the immense potential in this area. To cook this expanding demand, builders are thinking of luxury projects which focus on this growing upper-middle class. The high-end amenities, privacy ensured, super luxury apartments, collectable ideas, these are only a portion of the terms that you would be familiar with when you start your chase for a dream home. Nevertheless, do you really think about what actually defines a super luxury apartment? Is it only one of the modifiers that a real estate developer uses to trap the high-income people? What's behind the luxury apartment amenities? So, let’s take a peek into it! Strategic Location One of the most vital factors that must be counted while investing in your dream luxury apartment project is a convenient location. A centrally located super luxury apartment is preferable to the high-net-worth individuals who wish to stay close to the upscale neighbourhoods of the city like hospitals, malls, educational institutions, markets, railway stations, business districts and so on. Also, the window view available from an apartment is a prime aspect. Security & Safety Luxury apartments are just all about complete security. Residents expect to have the full guarantee that their whole family members & property are safe in all aspects. Therefore, luxury apartment projects should meet the best security provisions in terms of actual personnel to advanced technology in surveillance & monitoring. Also, it contains emergency buzzers, intercoms, & top-of-the-line security installations that ensure better safety. Top-Notch Amenities Those who wish to invest in a luxury apartment need the best that money can get. Luxury homes are carefully designed to grant supreme comfort, with beautiful interiors and cutting-edge amenities. Premium apartment projects must contribute state-of-the-art facilities such as rooftop swimming pool, home theatre, multiple parking, Wi-Fi, fast elevators, landscaped gardens, 24-hour security & gymnasiums. These are some relevant realities that you can guarantee while looking for the right luxury apartment to be certain that you settle on the ideal buy choice. With the huge rise in luxury apartments in cities, the word luxury is being abused by some real estate developers. Hence a tip to all the apartment purchasers is to do intensive research on the luxury aspect of the shortlisted projects and settle on the property that merits each money of the weight it carries in your pocket. Investing your money in a trustable builder who ensures top-notch construction quality and the best return on investment. Varma Homes, one of the most trusted and reliable builders in Kerala offer beautiful apartment projects in Kochi, Tripunithura, Trivandrum & Thrissur. If you are searching for a super luxury apartment project perfect that lines educational institutions, hospitals, markets, malls and many other conveniences in the heart of Trivandrum city then purchasing your dream super luxury apartment in Poojappura, would be most ideal. Here you can find Dr. Pai's Heritage at Poojappura, a major residential region for apartment-hunters in Trivandrum based on your preferences. It is a 2 & 3 BHK super luxury apartment with high-end amenities for comfortable living. So, come & experience the model apartment which will redefine the experience of luxury living!Read More
Kerala is known for its serene landscapes, beautiful beaches, and lush greenery. The state also boasts of bustling urban centres like Kochi, Thiruvananthapuram, and Thrissur, which are witnessing a surge in luxury living. For those who are looking to settle down in Kerala's urban centres, there are plenty of luxury flats available for sale. In this comprehensive guide, we will take a look at the top luxury flats for sale in Kerala's urban centres.If you are searching for residential apartments for sale in Kerala with a range of amenities, then Varma Homes offers you a wide range of apartments in and around the state. With the trending demand & craving of investors to capitalize on quality styled apartments, we craft our residential projects with the blend of all modern and traditional comforts. The realty market is fast flowing into the edge of the city, transforming them into the next best destination to invest in.Varma Harmony, KochiVarma Harmony is a 2/3 bhk luxury apartment project located at Edappally, Kochi. It offers you plenty of amenities to make sure your stay is comfortable and carefree. It includes a health club, multi recreation/association hall, children's play area, open party area, yoga area etc.Varma Homes' new project Varma Harmony creates an exceptional experience of luxurious style and grandeur in your life. The single tower with ground floor and 4 floors has a total of 28 units of luxury apartments consisting of 2 BHK ranging from 1074 sq. ft. to 1475 sq. ft. and 3 BHK ranging from 1458 sq. ft. to 1771 sq. ft. This grand project stays upright in an area of 46.30 cents at one of Kochi's most sought after residential areas - Edappally.Varma Urban Heights, KochiThe Varma Homes Kadavanthra project "Urban Heights' ' is located in the heart of Kadavanthra. The project offers luxurious 3bhk and 4bhk apartments that are designed to provide residents with the ultimate comfort and convenience. The apartments are spacious and well-ventilated, with plenty of natural light and breathtaking views of the surrounding cityscape.Kochi, also known as Cochin, is a major port city in the Indian state of Kerala. It is situated on the west coast of India, overlooking the Arabian Sea. Kochi is known for its rich cultural heritage, natural beauty, and thriving economy. The city has a population of over 2 million people and is the commercial hub of Kerala.Varma Rhythm, KochiVarma Rhythm is a 2/3 bhk luxury apartment project located at Eroor, Kochi. It offers you the experience of urban rhythm and has a range of luxury amenities including swimming pool, clubhouse, health club, children's play area, rooftop party area, yoga room etc.Located 2 km away from Vyttilla which offers you a calm ambience that everyone loves to have. Yet it's not that far that you need a long drive to get to the city blues. Hospitals, schools, economic centres - everything that you need to live in luxury are at a reachable distance. There's no need to run errands to get your things done.Varma Suburban, TrivandrumVarma Suburban is a luxury 2/3 BHK apartment project located at Kazhakkoottam, Trivandrum. When you love to live a life of luxury, you expect to have a variety of facilities for you to have fun, health and hassle - free life.In an area of 41.70 cents, Varma Homes brings to you the experience of suburban living with their new project. Varma Suburban. The single tower with ground and 9 floors has 36 units of luxurious living with 5 units from second to eighth floor and a single unit on the 9th floor. The 2 and 3 BHK apartments range from 1044 sq. ft. to 1448 sq. ft. respectively. With two parking lots on the ground floor and first floor, it's spacious enough for everyone to park and a terrace garden that gives you an opportunity to have your 'me-time' calmly.Varma Dr. Pai's Legacy, TrivandrumVarma Dr. Pai's Legacy is located at Dr.Pai Road, Poojappura, Thiruvananthapuram and is well connected to all major city centers and transport hubs. This location makes you close to almost everything a city lifestyle demands and has a range of amenities including clubhouse, health club, rooftop party area, guest suite room and children's play.Varma Spectrum, ThrissurVarma spectrum is located in this beautiful sport mirroring the exuberance of the place with its aesthetically composed homes featuring top-of-the-line architecture. It is close to NH bypass and nearby to Bhavan's Vidya Mandir Poochatti.Varma Signature, ThrissurVarma Signature is located near Jubilee Mission Hospital Ancherychira, Thrissur. This location makes you close to almost everything a city lifestyle demands and has a range of amenities created to improve your lifestyle. Be it the hall, swimming pool, gym, walkways or landscaped greenery, it inspires happiness and enables you to live a truly fulfilling life.These are some of the top luxury flats for sale in Kerala's urban centers. When buying a luxury flat, it's important to consider factors like location, amenities, and builder reputation. With the above-mentioned luxury projects, you can be assured of quality construction, modern amenities, and a comfortable and luxurious lifestyleRead More
From July 1 2017, Goods and Services Tax (GST) effectively cuts through a confounding Gordian knot of taxation complexity in the country. In other words, it will replace the multiple taxes levied by the state and central governments and will become incorporated of all the indirect taxes, including commercial tax, value-added tax (VAT), service tax, central excise duty and octroi tax/charges. The switch-over to the GST (Goods and Services Tax) regime is undoubtedly one of the biggest tax reforms in post-independence India. GST has been primarily conceptualised as a ‘One Nation, One Tax’ philosophy and it will help: • Eliminate the previous cascading tax structure • Ease compliances • Create uniform tax rates and structure • Reduce additional tax burdens on consumers The Indian real estate sector has been going through significant transformations in recent times. The latest Real Estate and Regulation Act (RERA) has already started addressing the issue of non-transparency and affixes a level of accountability on real estate builders and brokers which is exceptional in the history of the Indian property sector. For the real estate sector, the implementation of GST will definitely be a positive sentiment booster among property buyers. GST may not be instrumental over the short term in bringing down the prices of residential real estate. As the accountability being fixed at every stage and the perception of the residential real estate sector will improve on the back of a simplified tax structure, it will, however, benefit all the stakeholders of the sector. Benefit to buyers 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 12% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready-to-move-in 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. Benefit to builders Under the current tax regime, a property developer is 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. Varma Homes is one among the best builders in Kochi offering high quality and new luxury apartments. We always create the best living spaces meeting the requirements of clients. If you are looking forward to buy new luxury flats and new apartments in Kochi, then contact us today. Call +91 9645 88 33 33 for more details.Read More
Your credit score has a significant impact on the apartment buying process. It's a measure of your creditworthiness. The first thing a bank or financial institution does when evaluating your loan application is to take a peek at your credit score. They use this score to ascertain that you are eligible to apply. So, what kind of credit score is required to purchase an apartment? It isn't a three digit number that you earn every time you spend on something. It is far more. It is crucial to understand how your credit score will impact your interest rate, loan amount, and down payment. A credit score of 750 or above is generally considered good & can provide you with many benefits, such as faster loan approvals, lower interest rates, and so on. Let's take a look at the major factors that affect your credit score.Approvals of Loans: Your credit score may play a role in getting a loan approved. A credit score of 700 or above is considered to be a good score to get a home loan easily. If your score isn't up to par, you should communicate with your bank to find out how you can improve it.Loan Amount: If you have a bad credit score, your credit limit will almost certainly be less than the amount you asked for. For example, if you need Rs. 35 lakhs for a home loan, your low credit score may prevent the bank from approving this amount. As a result, if you want to be eligible for a larger loan, you'll need to work on improving your credit score.Loan Interest Rate: The other factor that is influenced by your credit score is the mortgage interest rate. So, banks will probably give you a lower loan interest rate if you have a relatively high credit score. And despite the small rate difference, the monthly EMI will be significantly lower.Increased Down Payment: When buying a home, a lower credit score can result in a higher down payment and a countless number of visits and calls to the bank. A good credit score helps to verify that the purchaser has the potential for repaying the loan. According to the guidelines issued by the Reserve Bank of India (RBI), a home buyer can get 80% of the property value as home loan. But, if you have a low credit score, the bank may sanction only a lower amount and you need to find additional down payment to buy a new home.Of course, there is no need to panic if you have a low credit score. Before you apply for a home loan, raise it by making timely payments. Banks or creditors are more likely to believe you can repay a loan if you can pay your bills on time because you seem financially secure and responsible. This will make the home-buying process go more smoothly. Here are some suggestions for raising your credit score. Pay attention to your credit report. Analyze it &, if necessary, point out any errors. Correct them as soon as possible. Concentrate on your mortgage. If you want to take out other loans, such as for travel or furniture, you should put them off. Examine your co-applicants payment records. Their credit score must also be within acceptable limits. To be financially sound & avoid having to pay extra interest, pay your credit card bills on time. Spend only what you have available on your credit card. Pay your EMIs on time & if you default on them, your credit score will suffer. You will be considered disloyal for a home loan. Hence, make a concerted effort to raise your credit score. Once you discover your dream apartment, working to improve your credit score will certainly help you to flourish financially. If you have good credit, let's not let the possibility of higher credit norms deter you from purchasing right now. So, be a wise buyer & keep all of these crucial points about your credit score & how it affects your apartment buying process in mind. Your dream is almost certain to become a reality very soon.In a nutshell, Whether you plan to buy an apartment in the coming months or years, the benefits of monitoring your credit score & working to improve it will help in the long run. Banks will check your credit score when you apply for a home loan to see if you are a responsible borrower. If you have a good credit score and are looking for a reliable and trustworthy builder in Kerala, Varma Homes is the right choice for you. You can trust us because we are Kerala's leading real estate builder. We provide high-end amenities in all of our apartment projects in major Kerala cities, such as Ernakulam, Thrissur, Trivandrum, and Kozhikode allowing many apartment buyers to realize their long-held dream of owning a home. Search our website for detailed information on all of our residential apartment projects and pick the best one.Read More
Whether if you are an expert property investor or a first-time homebuyer, the purchasing decision process for a property involves both time and energy. And when your desired location is in one of the booming real estate markets like Kochi Metropolitan area centred around the city of Kochi, then even more time and energy is required. Kochi’s real estate market is very active nowadays and with its price fluctuating, one need to conduct a thorough research on the ideal locations, metro connectivity, traffic volume, infrastructural development and the changing market trends; when purchasing a property in Kochi. During the research, one will get to know the importance of a convenient location very clearly. Indeed, the above mentioned factors play a vital role in the property purchasing process in the metro city. So before you actually settle down on one property, interact with the best real estate developers and validate the various other factors. Paying an adequate attention to these factors, while purchasing a property can make your living easy in Kochi and if ignored, these can become the reason for your inconveniences and losses. And shortlisting the properties at strategic locations can also offer best returns, if you are someone who prefer investing in. If we discuss more specifically about the most developing areas of the Kochi city i.e. Edappally and Thripunithura, and if the locations are chosen wisely for new luxury apartments, it will prove advantageous in many ways. If you have chosen the location according to your investment plans which is just for a shorter period of time, then it is highly advised to purchase a property located in a developed area or an area which is in its development phase. But if the investment plan is for a longer period of time, then there is absolutely no harm in opting for residential projects in Kochi as the locations are likely to develop at a faster pace in the near future. For those who have a joint family and are planning to purchase a property for their own personal use, then they are greatly recommended to seek for a location which can cater to everyone’s need. Those who live with young children can select a location which is neighbouring to renowned schools or other educational institutions, famous amusement parks and popular shopping malls in Kochi. And if your family consists of old parents, then choosing a location which is proximate to well-known hospitals, 24 hours pharmacy, temples, etc. will be a nice option. For the working class family members, the use of metro can save both your time and money when commuting to work. Varma Maalika and Varma Regent of Varma Homes, the most reputed builders in Kochi are the ready to move flats in Cochin accessibly erected in the most developing and prime residential areas of Kochi city. Both these carefully built apartments have already received an overwhelming response from the public. The 2 & 3 BHK luxury apartments of Varma Maalika in Thripunithura, exactly positioned at S.N. Junction is close to almost everything. This ready to occupy apartment is just 200 meters from Metro Station. The place is connected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya and connectivity to mini bypass & the seaport - airport road. Varma Regent’s luxury flats in Edappally is adjacent to all the prominent healthcare centres, hangout spots and other major commercial developments. Apart from the nearness to Lulu Mall, its easy access to Metro Station is an additional benefit of Varma Regent.Read More