As a responsible parent, what you would sincerely strive for would be to attain a bright future for your kids. To achieve this, you might even go to the extent of admitting them to schools that are situated farther away. But at what expense? Long commutes, exhausted and cranky children, problems contacting you in an emergency, and so forth are only a few of the problems that could put your tolerance to the test. Consider how much time you could save and how much better your children's health would be if the school was closer.
It is always beneficial to consider properties and apartments that are close to prime amenities such as schools. Here are the major positive impacts that purchasing a flat near a school could bring you:
1. Reserve the time & money spent on travel: A home within walking distance of your children's school is a boon, particularly for working parents. They can drop off their children on their way to work and avoid the morning traffic. Because of the close proximity, parents are not required to pay for a school bus service. Children can also choose to eat healthy, balanced meals cooked at home for lunch.
2. Children are better protected: The police and municipal officials are clearly discernible in areas around schools and universities. Parents can rest assured that their children are safe and well-supervised. Staying near your children's school allows you to meet and interact with their friends and sometimes family as well. It's soothing to know they're in good hands.
3. Mornings without squabbles: Parents strive every day to get their children to get up early and prepare for school. If you live near your children's school, you may all sleep in a little later and even have a leisurely breakfast. If the kids forget something, they can return home quickly and collect it. After all, school is only a short walk away.
4. Kids gain more time & attention: Sitting for long hours in the school bus or any other means of transportation is tiring for your child in today's congested traffic. If they attend schools that are close to where you stay, they will arrive home earlier than usual. As a result, they have more time and energy to engage in play, develop hobbies, complete homework, and prepare for the next day's classes.
5. Comparatively affordable living: The cost of living in neighbourhoods near schools is generally lower than in other locations. Homebuyers may find that a house near a school is more cheap than a comparable house in a different neighbourhood.
6. Additional facilities close by: Nearby schools frequently have a public playground. You don't have to travel far to have a wonderful time with your children. Students can utilise adjacent playgrounds, swimming pools, and jogging tracks even on weekends, if provided.
7. Improve future returns: Homebuyers usually seek out properties near schools. Many people are ready to pay a greater price for a home that is close to a good school for their children. Being close to a good school can enhance the value of your apartment, which is important for anyone planning to sell soon. Apartment prices are likely to rise in the coming years due to increased demand for housing near educational institutions.
8. Inducing feelings of a community: When people reside near a school, they develop a sense of belonging to a community, which allows for a vibrant way of life amongst people.
Always keep in mind that the location is everything. Buying an asset inside a college location may be a big bonus if it's the proper kind and in an appropriate area near critical services and facilities.
Varma Spectrum - Luxury apartments close to Bhavan’s Vidya Mandir school
Away from the hustle and bustle of the city, there's a peaceful, laid-back spot in Poochatti, Thrissur. Varma Spectrum is located in this lovely metropolis, and its elegantly integrated homes with remarkable construction reflect the enthusiasm of the place. Located opposite to Bhavan's Vidya Mandir, Varma Spectrum makes an ideal place to dwell in with regards to fulfilling the educational requirements of your children. Watch them scuttle away to their college each morning and back, with a complete coronary heart understanding that they may be in the vicinity, in a secure area, and in stable hands. ?
We strive to give you the finest using our competence in delivering dream apartments in Kerala, created with state-of-the-art building ideas and world-class amenities such as a fitness centre, decorated lobby, library, and indoor play area. You will live a pioneering lifestyle at Varma Spectrum. It is a valuable asset for those looking for the best luxury flats in Thrissur that offer more than any resident could want. So, if you're looking for a one-of-a-kind living experience with internationally acclaimed facilities, plentiful vegetation, and a tranquil atmosphere, go no further. Kerala's cultural centre, Thrissur, is the hottest, most happening place to own and enjoy life.
Take advantage of the chance to call Varma Spectrum your ideal house near school, which will be completed by August 2022*. Please visit our website or call us at +91 9539 29 33 33 to learn more about this project.
One of the greatest purchases most people make is purchasing a home, and with so many different types of homes to choose from, the process can be a little overwhelming. Trivandrum is a terrific place to live because it has so much to offer its citizens. Additionally, Trivandrum offers a large selection of flats to choose from due to the city's burgeoning real estate market.However, before committing to one, you will first need to make sure of these points which will get you a good deal. Research the market: Before committing to a purchase, it's important to familiarize yourself with the real estate market in Trivandrum. Understand the different neighbourhoods, the average price ranges, and the types of properties available. This will help you make a more informed decision about which property to buy.Get pre-approved for a mortgage: Getting pre-approved for a mortgage will give you a better idea of how much you can afford to spend on a property. It will also make the process of buying a flat much smoother, as you'll be able to move quickly when you find the right property.Hire a real estate agent: A good real estate agent can help you navigate the buying process and find properties that meet your needs. They can also provide valuable advice on things like negotiations and closing costs.Consider the long-term: When buying a flat, it's important to think about the long-term. Consider things like the resale value of the property, the potential for appreciation, and the overall livability of the area.Don't rush into a decision: Buying a flat is a big decision, and it's important to take your time and make sure you're making the right choice. Don't rush into a purchase just because you feel pressure to do so. Take the time to weigh your options and make sure you're comfortable with your decision.Here are a few key questions that you should ask before purchasing an apartment in Thiruvananthapuram1. What is special about this project?The builder ought to be able to persuade you of why this specific project is beneficial for you and provide financial justification for it. He should explain why it is superior to projects from other builders as well. This ought to address things like the calibre of the materials used, the after-sales services, the special features, and the excellent location.2. What is the built-up area of the flat?The builder should be able to answer questions about the carpet area, built-up area, and super built-up area precisely and accurately. The pricing of the apartment is based on the carpet area, which is the actual square footage of the apartment you are purchasing. To enable you to assess the overall cost and its viability, the builder should provide you with full details regarding the specs.3. Can you provide copies of all legal documents involved?You should request copies of the following documents, among others: the title deed, the commencement certificate, the approvals and NOCs from various agencies, the previous tax receipts, the RERA registration number, etc. All of these papers will make sure that the property is clear of any flaws that can later end up costing you money.4. What occurs if the project isn't finished on schedule?The builder should offer a detailed contract outlining his obligation to pay a specific sum for each month the project is delayed. This is one of the rationales behind the creation of the RERA statute.5. When should you anticipate the OC?Before you move into your Trivandrum apartment that is ready for occupancy, the Occupancy Certificate (OC) must be supplied; otherwise, you run the danger of being evicted.In conclusion, buying a flat in Trivandrum can be an exciting and rewarding experience, but it's important to do your research, get pre-approved for a mortgage, hire a real estate agent, consider the long-term, and not rush into a decision. With these tips in mind, you'll be well on your way to finding your dream home in Trivandrum.Since its founding, Varma Homes has effectively established itself as one of Kerala's most reputable builders. We started out with residential construction in Kochi and have since extended to Thrissur and Trivandrum. We'll be launching in Calicut and other big cities very shortly. To constantly produce the greatest service and quality in our pricing range, we make it our full-time goal. We don't have any projects that are stuck at Varma Homes since we firmly believe in creating satisfaction for both our team members and our stakeholders.Read 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
Not doing enough researchExplore the neighborhood in which the apartment is located. Consider considerations such as safety, schools, amenities, public transit, and proximity to work or other vital destinations. Investigate the building and the individual apartment you're interested in. Check for any red flags, such as maintenance difficulties, construction violations, or previous litigation. Take note of the unit's size, layout, and condition. Examine your finance alternatives, including loans, down payments, and closing expenses. Make sure you understand your budget and the whole cost of purchasing the flat. Investigate the local real estate market to learn about current trends, pricing, and inventory. This might help you make a competitive offer and negotiate a reasonable price. Investigate any planned or proposed development in the region. Varma Homes provides the finest solutions on all of your questions.Ignoring hidden costsAttorney expenses, title search fees, appraisal fees, and transfer taxes are all examples of closing costs. These expenses can add up to thousands of dollars and should be budgeted for. Maintenance, facilities, and other services will almost certainly need monthly or yearly costs. Be certain you understand the total cost of these fees as well as what they cover. Property taxes might vary depending on where you live and can drastically increase your monthly loan payment. Be sure you understand the local property tax rate and how it will affect your budget. Utility rates vary by area and might increase your monthly spending. Make sure you are aware of the average utility prices in the region and add them into your calculations. You will be responsible for your apartment's repairs and maintenance. Create a budget for these expenses and include them in your overall financial strategy. You may prevent surprises and have a realistic budget for homeownership by checking for hidden fees before purchasing an apartment.Not considering resale valueEven if you want to live in the apartment for many years, you never know what events in your life may occur that will necessitate the sale of the property sooner than intended. You may preserve your investment in real estate by considering resale value when purchasing an apartment. You want to ensure that the property's worth will increase rather than decrease over time. When you consider the resale value, you are more likely to make better decisions about the apartment's location, size, and amenities. You should select a house that will appeal to a diverse range of purchasers, not simply your own particular preferences. You will have greater freedom if you need to sell the home sooner than intended if you choose an apartment with a high resale value. You will be able to sell the home faster and for a greater price, allowing you to move on to the next opportunity. If you want to rent out the flat in the future, taking resale value into account might help you earn a higher return on your investment. A higher resale value home will be more appealing to potential tenants, allowing you to charge greater rent and create more cash.Not getting a professional inspectionWhen purchasing an apartment, skipping a professional inspection might be an expensive error. A professional inspection is an important component of the home-buying process since it may help you detect possible issues with the property before making an offer. A professional inspection may assist in identifying possible apartment problems such as structural concerns, electrical issues, plumbing issues, and mold or insect infestations. This data can assist you in making an educated choice about whether or not to purchase the property. You can bargain with the seller to have repairs fixed or to decrease the price of the home if you notice possible concerns early on. This can save you money in the long term and keep you from incurring unforeseen charges. An expert inspection can provide you peace of mind by providing you with a thorough picture of the property's condition. You may be certain that you are making an educated selection and that there will be no unpleasant surprises once you close on the property. This also aids in the planning of future maintenance and repairs. Understanding the property's state allows you to budget for future expenditures and prioritise repairs depending on their urgency.Rushing the decisionMaking a hasty selection might result in buyer's regret. You could discover too late that the property isn't a good fit for you, or that you passed up a better chance. If you make a hasty selection, you may lose out on alternative properties that are a better fit for you. Take the time to investigate many choices and weigh the benefits and drawbacks of each property. If you make a hasty judgement, you may overlook possible issues with the property. When making an offer, it is critical to properly inspect the property and check all essential documentation. Overspending might also result from rushing the choice. Spend time researching the local real estate market and determining the worth of comparable properties.Read More
Opportunities are cropping up for NRI investors amidst these unprecedented times. Like all other industries, the real estate sector was hit hard by the pandemic crisis, and it is now experiencing a significant spike in the niche market. This is mainly because those NRIs who have returned to Kerala as a result of the COVID-19 pandemic and subsequent lockdowns have learnt that investing in real estate is the right option for them. The market has turned more favourable for making investments in real estate, particularly in premium apartments and villas. With that being said, let’s take a look at how this time has become a golden era for apartment buyers.A Market In Favour of Apartment Buyers The situation has come to a point where apartments that were once considered a real luxury have now become a basic need for mankind. However, according to industry experts, now is the best time to buy an apartment in Kerala because buyers will likely get great offers and discounts from developers & property prices are expected to rise substantially in the near future. The residential real estate market has in turn become progressively lucrative for NRIs as transparency & investment norms have been eased. With lower interest rates for housing loans, stricter regulatory measures, and the significant drop in property values, have made the deal even better, creating an appealing investment opportunity. Taking the Big Step to get into This Good Investment WindowIt is everyone's dream to own the home of their dreams. When NRIs return from the Gulf with their hard-earned money, they're more likely to invest in an apartment with facilities in the heart of the city that fits their lifestyle. They are more focused on providing a good education for their children, a good standard of living, and all the other life-demanding comforts that bring the world to their feet. As an investor, their primary goal is to achieve financial stability while also increasing transparency and trust. Real estate is the best investment opportunity because demand for real estate is increasing, resulting in higher rents and, as a result, higher capital values. So, without a doubt, it is the safest investment option and the preferred choice for one's safety, stability, and security. Are you a Gulf returnee looking to invest your hard-earned money in one of the best cities in God's own country, Kerala, to buy your dream apartment? Take advantage of the current real estate market's opportunities; go ahead and put it to good use to achieve your lifelong goal. Make sure you buy your dream apartment from a reliable and reputable builder in Kerala.Find Your Dream Apartment from Kerala's Best Real Estate Builder If you have a strong desire to own your dream apartment and want to buy it from Kerala's most trusted builders, your search ends here! Varma Homes is the ideal partner for you because it is one of the Kerala's most trusted builders. We believe that happiness should be a worthwhile investment. With our perfect quality and integrity, we have earned the reputation of being a builder that customers can approach with confidence. In Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode, we have residential projects with excellent construction quality and all modern amenities, providing you with the best options for your long-term investment. If you want to own an apartment in your desired location, Varma Homes could help you! You will now be able to benefit from some special offers on our projects. It's a limited-time offer, so hurry up to realize your investment dream with us and embark on a new investment venture!Read More
According to legend, Keralans can be found all over the world. The cause of this was the fact that Kerala lacked enough employment options for many highly educated people. Due to this, many moved to Arab and European countries to start their careers. In India, people moved in greater numbers to cities like Delhi, Kolkata, Mumbai, and others.With improved employment prospects and financial prosperity in Kerala, particularly in major towns like Kochi, things have changed somewhat in recent years. People began to return to Kerala as a result, settling in various cities all around the state. Due to its transformation into Kerala's industrial and information technology centre, Kochi was the main focus of the majority of those individuals. People who have chosen to relocate to Kochi believe that apartments and flats there are preferable than traditional homes.The development of the industrial sector increased Kochi's potential as the greatest location for residential projects like flats and apartments. In Kochi, there are several luxury flats and apartments that are ready to move into. In the next few years, Kochi is expected to add roughly 100,000 new residential units.Real estate investments in Kochi are promising because significant projects like Smart City and InfoPark in Kakkanad are anticipated to generate a significant portion of the city's employment in the near future. And as a result, there is an increasing daily demand for Kochi apartments for sale. That is what motivates builders in Kochi to launch brand-new luxury apartment developments all throughout the city.The sky-high real estate prices in upscale areas of Kochi encourage people to search for flats or apartments in the city. The level of comfort offered by ready to move-in luxury apartments in Kochi exceeds expectations, which encourages people to choose them without hesitation. The guaranteed profits that flats in a city like Kochi offer are another key draw. Even if you don't intend to move into the Kochi flat you purchased, you may always choose to rent it out and make some extra money.Apartment complexes with nearby amenities like businesses and schools are in high demand. The best places to choose an apartment are those with superior amenities. Recent improvements in transportation, including new highways and the Kochi Metro, make Kochi an easy destination to connect to, which makes more and more locations appealing for habitation.Varma Homes offer flats in Kochi with the most contemporary design style and architecture. We have been giving flats in Kochi and have a huge happy client base. On-time fulfilment and delivery of projects are some of our strong points. Our flats in Kochi use the most advanced technology, including contemporary design while keeping the highest standards in quality.Read More