Yes, it is clear that the real estate developers and homebuyers were the biggest winners in the Budget 2019, and therefore the industry's housing extents may see a commendable shift. Real estate experts welcome the tax benefits and the various exemptions declared within the Interim Budget 2019 are probably upsurge the demand for real estate and in the affordable sector. The Finance Minister Piyush Goyal presented the budget on February 1st, the real estate industry had the major reason to happy as various direct, and indirect measures were proposed for the damaged sector. The property area, which has been fronting a number of multi-year demand slowdown, particularly with falling sales, may profit significantly from the new proposals of this budget. Let’s check out what real estate gained in budget 2019:
No need to worry about two self-occupied houses - People who own up to 2 self-occupied properties do not need to pay any notional rent tax on them. Exemption of notional rent on the 2nd self-occupied house can give extra savings within the hands of the second home purchasers and will additionally boost the capitalist activity within the sector. Considering the problem of the middle class has to take care of families at 2 locations on account of their job, care of parents, children’s education, this move will offer a space to save more on housing taxes. Many folks would additionally request choices to purchase for homes after this rollout of the new benefit in housing investments.
Capital gain advantages on 2 housing investments -The good thing about the change of capital gains underneath section 54 of the Income-tax Act is going to be boosted from investment in one residential house to 2 residential house for a taxpayer having capital increases up to Rs 2crore. This profit will be availed once in a lifetime. This reinvestment of capital gains in 2 homes, is expected to increase investment in residential real estate zone and make this market more attractive.
TDS threshold for the tax deduction on rent hiked - The TDS threshold for deduction of tax on rent has been proposed to be increased from Rs 1, 80,000 to Rs 2, 40,000, which provide much relief to small taxpayers. Therefore, this move will definitely drive up the sales of affordable housing.
Relief for housing developers & home buyers- The Interim Budget 2019 will offer abundant chances for the homebuyers to invest. Extension of the exemption limit for taxpayers will upsurge the purchasing capacity of the homebuyer, thus providing a path to attain ‘Housing for All’ vision. In addition, builders do not have to pay notional rent on unsold flats for two years after the year in which the construction is finished, which is a great step.
Income tax rebate-The tax rebate concept helps Individual taxpayers, those having taxable annual income up to Rs five lakh can get the full benefit for the tax rebate and so won't be needed to pay any income tax. This proposal can facilitate in increasing the budget of house buyer’s and might give a giant boost to the demand for housing. The budget offers additional income within the hand of the residential land client, encouraging them to push their budgets up for brand spanking new homes, whereas conjointly providing tax incentives for finance in a very second home. It ought to increase demand in the residential niche market.
The much-awaited auspicious time of the year is here, when persons look forward to spending cash on several kinds of stuff, especially homes and golds. Because of this favourable budget 2019 of Government, the real estate market gets a big boost and the homebuyers gained more benefits. Therefore, it is clear that this 2K19 is the perfect year for both housing developers and homebuyers. Experts say that there cannot be a better time to buy a house than now. If you have any plan for buying your dream home in your preferred location, then it is the right time. Also, you no need to worry about choosing the right builder; here is your solution Varma Homes, the best builders in Kochi. We building living spaces that truly matters your happiness. You can catch your dream apartment with us in the major prime locations of Kerala. So hurry up, now the decision is up to you…
Another year is coming to an end, a new year soon begins! The beginning of the year is the time for fresh starts. If you have any plans of owning your own home in the heart of Kochi to celebrate this New Year and to arrange a party inside your apartment for like-minded people, then head off to Varma Homes. You can get the best apartment in various zones of Kochi. Owning a home is dreams come true in anyone’s life, as it is the most valued possession and a lifetime investment. For this, you have to choose the right builder with the good track record. Celebrate This New Year with Varma Maalika I Varma homes, the leading builder in Kerala with a proven record of accomplishment and years of expertise. We always maintain to keep promises to our customers. One of our major ready to occupy apartment furnished for the NEW YEAR 2019 is Varma Maalika I which is situated in the most tranquil living environ of Kochi, Tripunithura. It is away from all the hustles & bustles of the city, but it has close proximity to all urban development, which includes numerous educational institutions, shopping malls, temple, multi-specialty hospitals etc. It is perfect for those who need a tranquil life. This project offers exclusive 2 & 3BHK luxury homes ranging from 890sq.ft to 1310 sq.ft with the perfect blend of opulence and comfort. The luxury budget home is built with love, filled with extra comfort, and are designed to create happiness among people. Each wall, nook, & corner of this apartment has a story and offer true love, happiness, and comfort. Welcome this New Year with Varma home and bring more joy and peace to your life. A new home means an electrifying new beginning, new friends, and new environs to explore. If you are ready to purchase our ready to occupy apartment Varma Maalika I or wants to know further about Varma's Maalika contact us soon and avail the big surprises that await you in these holidays! Why We Stand Out Unique From Others? We perfectly comprehend that this industry is one among the most competitive spheres. Therefore, we put our best to bring advanced luxurious apartments and flats to our clients to align with their demands and to reflect their lifestyle. We always created milestones by making new success stories to our journey by constructing excellent spaces with outstanding superior quality, services and focusing on fulfilling the desires of our employees. We are confident that we can continue our successful journey with our uniqueness from other builders. We remain unique from others with our insights and unique styles. We can proudly deliberate the skill sets that make us unique from others are: . Customised solutions . Zero compromises on Quality . Professionalised work execution . Transparency in dealing with clients . Reliability & Timely delivery . 100 % Customer Satisfaction . End-to-end execution Varma Homes emerged as the pioneer developer for delivering various apartments across Kerala. We are now in 3 major cities of Kerala which include, Kochi, Thrissur and Trivandrum. We are now on a mission to construct happiness by building new apartment projects for different regions across Kerala. Enjoy this New Year with Varma Homes, Book now and benefit early bird offers!!!Read More
In today’s world, not just investors but even the end-users are keen to observe the market value of the residential property before buying the home. The real estate market and its development is reliant on various factors. Financing in the property market can reward you with worthy returns if the factors affect the property value are in your favour. To estimate the residential properties value it is vital to find out the influence of those factors that related to the housing characteristics and the residential properties value. So if you are buying or selling an investment property or home, the question is that how much the property is actually worth? The recent real estate statistics in India proved that property valuations are now depending on the factors that influence the market value in the real estate industry. Right intuitions in respects to the right time for the property purchase, price escalations, downturns in the real estate market and all other indicators, aid in making purchase decisions. Key Factors Drive the Market Value of Residential Properties The real estate sector absolutely is on the upsurge, with the growth lunge being delivered by significant factors which affect the prices of residential property in the country. So, what are these factors that drive the real estate market value of your residential property? Read on to learn what drives property prices up, what causes them down and how you can find that whether your home is worth. • Infrastructural Development It is one of the most significant factors that influence the real estate market prices in India. The present situation of the roads & airports, bus terminals, shopping malls and all other advanced facilities in the surrounding area of the residential property, helps in value growth of the same. Another most crucial requirements for each investor looking to buying property or land is the connectivity. That is the rise in the market price of the property is depending on its good connectivity to the medical facilities, entertainment hubs, retail markets, business centres and all other facilities. • Inflation Inflation is caused by the excess amount of money being in circulation, which in turn leads to the decline of the money value. As this occurs, the prices for various inputs like land price, labour, legal building permits, construction materials, also increase. Obviously, inflation will not affect the increased property prices in a zone if the locality itself is lacking the social and civic infrastructure or poor accessibility. • Demand and Supply Demand and supply are reliant on human behaviour as home buyers favour locations which are sound in infrastructure. Changes in the population are also the key factor for demand. At times customers are ready to pay extra for a property since they find that living in that locality desirable. This kind of demand again takes in the real estate investors, who purchase properties to vend them at a profitable amount when supply slows down. This grounds the land prices in that place to increase even further. So together with the number of people inhabiting in an area, the popularity of the area also affects the increased property price of that area. • Population Growth When there is a large number of customers in the market, then obviously the value of properties increases. The population growth rises the demand for the residential properties and it directly translates into faster appreciation in the real estate prices. The increase in demand inclines to increase in the property value, as it forces customers to buy. · Advancements In Nearby Properties Changes in the nearby areas of the residential property can cause to the changes in the market value of the property. This factor mainly depends on population growth and infrastructure development. Housing units in the major desirable locations are the ones with greater prices. Any sort of development and advance can shift the supply and demand graph of the locality. If you are looking for apartments in the prime locations of Kerala, Varma Homes is your best choice!!! Varma Homes is the most trustworthy builders in Kerala offering superior quality and affordable luxury apartments in Kochi, Trivandrum and Thrissur. We always create the true and the excellent living spaces meeting the desires of our clients. We are always ready to help our customers to stay within their budget and their preferred locations.Read More
When searching for residential property in the niche market, it is significant to remember that you have to consider not only the quality of the property but also the quality of the neighbourhood also. Based on the location of your property, your home’s value can rise or fall dramatically. To help you make a better decision, here are 5 of the key features that a neighbourhood must-have for your apartment to get a higher value. Good Base for Infrastructure It is one of the inevitable features in a neighbourhood and it makes a locality extremely eye-catching to potential buyers. The approach roads to your neighbourhood, as well as the roads in and around the region, make a huge impact. Infrastructure plays a key factor for homebuyers in selecting a property as their residential investment property. The potential buyer will never be ready to purchase at a reasonable price if the infrastructure is poor. Proximity to Education It is one of the most important neighbourhood features to consider when selecting an apartment. One of the important parts of your child’s upbringing is education. Hence, families with school-age kids will be tending to go for residential properties that are close to schools. Do research the available schools in the locality will be a substantial variable which can upsurge your rental rate and considerably influence the whole appreciation of your residential investment property. Access to Reliable & Fast Public Transportation Everyone leads a busy schedule and they often need to commute from one place to another daily. Easy ways for moving in, out and around a zone are crucial to residents. Right from commuting employees to students who need to move from home to work or school, public transportation is the significant upgrade to any locality. A well-serviced bus stop, metro station or nearby railway station will enable residents to easily move from one area to other. Likewise, as many people are starting to embrace sustainable lifestyles, the demand for close public transit is also growing. The apartment property that accesses to fast and reliable public transit will draw more populaces than the property that lacks them. Close Proximity to Health Care Services Having access to hospitals to meet any medical emergencies is the key aspect when it comes to considering the locality of an apartment before buying it. Even though it is not needed daily but proximity to hospitals can save a life in case of an emergency. So consider the closeness of health care facilities when selecting a residential property. Great Neighbourhood Entertainment Options, Shops & Dining Markets- Markets, shops, restaurant and entertainment within reach are also among the vital neighbourhood amenities you need to consider when investing in residential property. Having markets, restaurants and shops near the apartment property makes it easier for tenants to get goods and services they offer, closeness to restaurants and shops can be a signal that vicinity will grow in value in the future. When it comes to purchasing your dream apartment with excellent neighbourhood facilities, all these factors can play a significant role in your verdict. If you are in search for your dream home with good neighbourhood then explore Varma Homes portfolio of apartments in Trivandrum, Kochi & Thrissur. Being the top builders in Kerala offering best residential projects strategically located at key locations of Trivandrum, Kochi & Thrissur to ensure unparalleled living experience. So get ready to experience a new level of happiness by living in the house of Varma Homes. Enquire now for the best possible deal and get your dream apartment in your favourite location with its full conveniences and comfort. Discover relaxed living in our quaint community at Varma Homes Apartments. Get in touch today to schedule your personalized tour.Read More
Everywhere you gaze, you can see a new residential project offering the top amenities for your needs. In this competitive realty market, there avail number of choices, so how does one select the right choice for them. Selecting the right builder plays a major role while purchasing your dream home. Trusting someone to handle our biggest dream is not a simple task, but here are some tips, which will guide you to settle on the proper builder to construct your dream nest. Know Your Builder Before you buy your dream apartment, research your builder. There are various builders of repute in Kerala and most of the information and details on their past projects is public knowledge. However, the ideal way to comprehend the builder well is to talk with their existing customers about their project delivery schedules, how they deal with them daily, their work quality and so on. Check Well the Authenticity Any residential project in Kerala requires RERA certification. Therefore, a builder has to add all the information about the project online. Here one can get the details about the builder as well. Besides, you have another valuable resource like the Ministry of Corporate Affairs official website to access the list of registered builders along with information about them. In this manner, one can understand how authentic their builder is. Previous Work Any time when you start something new, people will always check your earlier work. The same is in the case of builders. So before finalizing a deal do visit a few completed projects of your selected builder. See whether you are comfortable with the way it is designed, the facilities provided, the quality of construction and its aesthetics. The project you have chosen may be quite different from the previous ones, but then again it will give you a basic hint of how the builder maintains the project. Observing at various completed projects will also give you an idea of the range of work the builder can do. Bank Approval If a bank has approved a residential project it is safe to assume that the builder has proven to be financially, technically and legally sound. To approve a residential project bank have to conduct a stringent investigation about the project and study all aspects of the project. Since owning your dream home is your key investment of a lifetime, and you would not want to take chances. So before buying your apartment check whether the particular project has got all the bank approvals. Reputation & Recommendations Incredible builders have equally incredible reputations. Good word of mouth makes or breaks any custom home manufacturing professional, so search for custom homebuilders whose reputations precede them positively. Finding the right homebuilder will confirm that your path to that dream home is as smooth and efficient as possible. If you are looking for an excellent custom homebuilder, connect with Varma Homes, one of the top real estate builders in Kerala for a consultation. We have our ongoing residential projects in major parts of Kerala like Trivandrum, Kochi & Thrissur. You can completely trust with us, as we are following all the criteria’s that require for the construction of an apartment. After all, we know that buying a home may the biggest purchasing of your lifetime. So, without any doubt, you can trust us. Be ready to invest your interest with us and get a lifelong investment!Read More
It is everyone's longing to turn out to be financially independent. For this, most people depend on traditional ways to earn more, like being salaried in an organization or being self-employed. Yet there are different medians for individuals to enjoy surplus monetary advantages like stock purchasing, shareholding, and the long and worthwhile standby of retirement pension. Apart from all these, the most efficient way to earn is by investing in real estate. You can relish a profound pace of profits, astounding tax benefits & leverage of land to construct your wealth. Here are some reasons why real estate is an extraordinary investment. Reason 1: Predictable Cash Flow Cash flow is the net spendable profit obtained from the investment after every single operating cost & home loan installments have been made. When you purchase a good property from a reputed real estate builder in Kerala, the cash flow will be just as hefty. You can make money through rental income as it tends to rise over time, which can lead to greater cash flow. In most cases, cash flow makes stronger over time as you pay down your loan & build up your equity. As well, RBI has recently declared a reduction in the REPO rate which creates home loans even less expensive. So this will help you to smoothly begin your investment & hence increase cash flows. Reason 2: Get the Most Delightful Return on Your Investments From the pool of real estate builders, you can select the best real estate builder in Kerala who can offer the best quality construction works for their projects. Because the quality of the construction work matches the most excellent grades. So it comes with assured safety, security & top-notch amenities. This shows, by investing in those properties, you are going to accept the most appealing return on your investments. Reason3: Financial Security over Time While another reason that forced people to make their investment in the realty market is long term financial security. If you have a constant flow of cash in succession, the bonuses of this investment yield monetary bonuses for a long time. Possessing a residential property can give investors a sense of security due to the property appreciation over the long run. Well, this is only possible when you invest in the right place. So it is always advised to completely research the location before finalizing the negotiation on the apartment of choice. Reason 4: Hedge against Inflation In contrast to most different sorts of ventures, the realty market can contribute a hedge against inflation, which is yet another reason that pulls customers to put in this income stream. I.e. with high inflation, your rental pay & property value develop profoundly. Hence investors welcome inflation wholeheartedly because as the cost of living rises, so makes their cash flow. Accordingly, buying a property offers extra investment security during inflation. Reason 5: You Become Your Own Decision Maker The most satisfying part about real estate investment is that you become your own boss. Similar to any other business you have total authority & freedom over your investment strategies just as your flops and achievements. You make better decisions on which property to invest in, the tenants who will live in your property, how much rent to impose per month and so on. Reason 6: Qualifies you for Tax Deductions Another reason that real estate is an extraordinary investment, is the tax deductions you can take in this income stream. You get to deduct expenses straight connected to the operation, maintenance & management of a property such as property maintenance, insurance, maintenance repairs, property management fees, repairs, travel expenses, legal fees, and even the interest paid on the home loan. All of these deductions will reduce your taxable income, which might save you cash while you file your taxes. Reason 7: Admittance to Credit Reliant upon a variety of features, extra payment created from real estate investments might grant you admittance to added credit. Usually, loaning institutions finance more money to individuals who get more cash flow. The additional payment generated using property ventures may unfold more comprehensive credit lending entryways. To Sum Up, You can see the profits of investing in real estate while investing in other sorts of investments like the stock market. Investing in real estate can be your ticket to making passive income & reaching long-term financial stability. Nevertheless, before you can obtain these things, always remember that you need to make careful decisions when investing in your property. I.e. while choosing the right builder for your investment, is the first and the most important aspect when it comes to a real estate investment. If you are seeking a top-rated & most well recognized real estate builder in Kerala, then head over to Varma Homes and start searching for investment properties for sale across Kerala. We have our apartment projects at the prime locations in Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode. Visit our website to get more information about our projects. Get in touch with us today to start an investment with us that will definitely offer you a lifetime of fun, happiness & priceless memories.Read More