When this 2020 rolled in, all was set to celebrate the colours of happiness, positivity, and love, but contrarily, we all got locked down in our homes. Due to this pandemic Covid-19, the whole world is facing a threat that will keep to haunt us for a long period. Individuals have seen crucial changes and disappointing depreciation of their investments. Moreover, the stock markets have crashed, fluctuating gold prices, equity funds and shares hitting a slashing low. So living in this period of crisis, we can realize that the best investment option is definitely investing in real estate. Hence let’s go through the reasons that will help you to better to think of investing in real estate during this lockdown period.
Based on data from NCREIF (National Council of Real Estate Investment Fiduciaries), realty market helped individuals to return an average of 9.85% over the past years. This is obviously higher than all other investments like equity funds, shares, bonds etc. Since real estate has high tangible asset value, no matter what is the current situation in the world right now, you can hold this asset tangibly that will increase its reliableness and return on investment.
Real estate is a tangible asset made up of property and the land on which it sits, and like other assets, real estate is also subject to supply and demand. Now the supply is less and during this time, supply-demand breakthroughs will remain to profit the investors. Investing in real estate during this time will definitely benefit the investors.
Real estate is the best asset class in the investment hoop, as a more reliable choice offering steady returns when it compared to the highly volatile stock market like gold or stocks, that might comes with increased risks and you might lose money. But when you invest in the realty market and rent out the property you can benefit a lot. The rental yield from the realty market is much high than returns on any conventional sources of investment. So real estate is one of the best attractive and stable income return even in this lock-down period.
In the wake of the Coronavirus outbreak, it is the right time for those who chasing a life goal to own their own beautiful home. With banks beginning to lower down lending rates, more individuals are expected to take the plus of the incentives to purchase residential property as the lower EMIs would nearly match their current rents. So if you are among them then no more waits, reap the benefits now!
Due to this crisis, NRI's coming back to Kerala post lockdown to settle their business, and so they will be looking for apartments which are as per their standards and within trendy design and construction. NRIs can turn this present scenario as the opportune time to invest in real estate on the shoulders of less home loan interests, currency devaluation etc. So go ahead, make its best use and realize your lifetime dream.
In short, amidst this coronavirus outbreak all around, it should be better to think of making an investment in real estate that will give you major returns in the future. This Lockdown period Varma Homes, the top builder in Kerala offers apartments that stand for superb quality, comfort and happiness packaged with ample incentives transforming lockdown blues to knock down your dream apartment into reality with lucrative offers. Use this uncertain time to choose the best ever secure and safe investment which guarantees higher returns and notable appreciation. Book your dream asset with Varma Homes, we have affordable luxury apartments in Kochi, Trivandrum and Thrissur and make a happy ending during this lockdown period.
With the increasing number of new apartment projects in Cochin which has already set a backdrop for such a promptly emerging city, there is also a strong sense of an honest pride in the minds of every Kochiates for the captivating infrastructural development by the Kochi Metro Rail Project that gave a complete makeover to the city of Kochi. The latest news discloses that Metro is to touch Angamaly in the near future. The existing Metro line will be extended from Aluva to Angamaly. And the greater news is that the Kochi Metro service will soon be extended to Thrissur, which is just 50kms away from Angamaly. Kochi and Thrissur could now be easily connected via a metal belt, which will in turn boost the development of both the districts. The metro connectivity to smaller neighbouring cities will immensely help in their growth and development. Kochi and Thrissur have been closely connected through trade and commerce for several years. And with the Metro Rail service, these twin cities will have greater accessibility to many places including the International Airport that will surely let them to share various growth prospects together. The better international connectivity will greatly pave way for more global companies and cargo-based businesses to expand operations in the Cochin city and even in Thrissur. The enhanced employment opportunities will create a huge boom in the real estate market, making both Kochi and Thrissur the major real estate hotspots and residential hubs. With the predictable flood of people that will shift base to Kochi and Thrissur due to the kind of quality lifestyle that both these cities offer, there will be high demand for luxury apartments in Thrissur and apartments in Kochi. The prime residential areas that are going to be swamped by people’s attention are Thripunithura and Edappally in Kochi and Kottappuram and Poochatti in Thrissur. Since the budding of vast number of 2 bhk flats in Thrissur and flats in Kochi, it’s very much important for you to buy only the ones that live up to your expectations and meet all your needs. When thinking of buying a new home, it’s always best to go with the builder that you trust the most. One of the most promising builders of today, ‘Varma Homes’ have got some wonderful upcoming and ongoing projects in all the major locations of Kochi and Thrissur. The new launch in Thrissur - Varma Spectrum, the luxury apartments at Poochatti is one of the most spellbinding creations of Varma Homes that is highly affordable with all the modern amenities possible. Something else you need to further look at is the compact apartments of Varma Homes in Edappally called Varma Regent, the project handing over ceremony of which is to be held on 15th of January 2018. It is said to be the first project handover of the best builders in Kochi. With an advantage of being located proximate to famous schools, railway station and other well-known places of worship, Varma Maalika, the luxury apartments in Tripunithura is one of the cleverest choices that you can make while looking for luxury flats in Tripunithura. The project handing over ceremony of Maalika is finalized to be held on 1st of February 2018. Varma Kottaram, the luxury apartments in Tripunithura is one of the most desirable living spaces offered by Varma Homes for all the home seekers who look for a royal abode combined with elegance and most modern conveniences. It is one of the prestigious ongoing projects of the top builders in Cochin. The Varma Padipura, luxury apartments of Varma Homes located in Tripunithura is one of the ongoing projects which is crafted to perfection that o?er breathtaking views combined with a lifestyle that is designed for high ?yers. Ensure to make clever and wise decisions on real estate investments while the time is right in the most preferred cities of Kerala like Kochi, Thrissur and also Trivandrum. (To be continued…)Read More
The real estate investments in the city of Trivandrum are sure to take an upward shift in the days to come. Being the state capital and the second largest city in the state, Trivandrum is home to a huge number of State and Central Government organizations. The job openings at Technopark are attracting a great number of IT professionals to reside in the city, and thereby giving the city’s real estate market a major uplift. The Vizhinjam harbour project will also act as a game changer in the real estate industry, once when the work gets commenced. The Kerala Government has also proposed a plan to develop a metro rail system in Trivandrum which is proposed to name as “Trivandrum Light Metro”. It is going to be one of the major developments in the city, enhancing the real estate industry and economic growth. All the major real estate developers and home builders now have a strong presence in the city of Trivandrum with quite a good number of residential projects in the pipeline. When there is a rapid upward shift in the demand curve of residential apartments and flat projects in and around the city of Trivandrum, this is just the perfect opportunity to invest in one of them. Make sure that you take a wise real estate investment decision with the reputed builders in Trivandrum who guarantee timely delivery, exceptional construction quality and an impeccable lifestyle with all the luxury amenities possible. Varma Homes is such a trusted builders who have got a luxury flat project in one of the prime residential areas in Trivandrum. Varma Dr. Pai's Heritage at Poojappura, the new luxury apartment project from Varma Homes is named after one of Trivandrum's most gifted and respected sons, Dr. KN Pai. The super luxury apartments in Trivandrum are handcrafted with opulent amenities as it is one of the prestigious projects of Varma Homes. The present generation is changing their overall outlook and the graph shows a progress in the apartment style of living. The benefits on home loans and other innovative house financing schemes is encouraging more and more people to buy their own dream homes. With the increased developments in the major cities like Kochi, Trissur and Trivandrum, now is the best and the right time to make an investment in real estate.Read More
It is possible that, as a first-time buyer while deliberating on purchasing a dream abode, choosing an apartment will cause you to second-guess your thoughts. After all, it's your hard-earned money and the secure future of your family that’s on line. There was once a time when different builders had different standards and principles applied to the purchase of an apartment, stirring confusion among home buyers. This is the reason why the Indian government brought about a revolutionary change in 2016 to safeguard the interests of existing and potential buyers. The Real Estate (Regulation and Development) Act was enacted in 2016 and the Real Estate Regulatory Authority (RERA) was born. The Kerala Real Estate Regulatory Authority (KRERA) was founded by the Kerala government to regulate and enhance the real estate industry in the state. KRERA is the new real estate champion, supporting accountability, citizen-centric policies, and greater financial discipline while defending the rights of investors. This Act is a sigh of relief for consumers as it makes real estate dealings transparent. Here are the positive RERA ACT benefits for why you can confidently buy an apartment now:? Exposure to comprehensive informationOne of the most essential benefits of RERA for house buyers is the right to property information. You get thorough information about the property that you are purchasing as a home buyer. When it comes to making prospective selections, this type of knowledge can be quite useful to a purchaser. The developer or builder should share with you all the project information, such as the layout plan, building phases, action plan, and completion status. ? A normalised carpet areaThe carpet area, or the area of the apartment apart from the width of the inner walls, is the space that can actually be covered by a carpet. Prior to the RERA Act, builders used their own technique or calculation for estimating the carpet area of a unit or property. RERA, on the other hand, has codified or standardised how a builder determines the carpet area. As a result of the RERA Act's implementation, a builder must now specify how much carpet space they are providing. Property prices in India are now determined by carpet area. ? No more holdups in projectsThe possession date for each flat must be specified by the property developer. The developer will face a flurry of penalties if the project is not completed by the deadline. If the developer fails to deliver on the specified date, the buyer has the option of either withdrawing from the project and receiving a complete refund, including interest, or continuing to work on it and receiving reimbursement and interest. ? Control over advances One of the great benefits of RERA is that a builder cannot charge more than 10% of the cost of the flat as an advance or application fee before entering into a sales agreement. ? Flaws are held responsible If a buyer discovers any flaw or problem in the structure, quality, or service of the flat within 5 years of ownership of the flat, the builder is required to rectify the deficiency within 30 days at no additional cost under the RERA Act. The buyer would be able to claim compensation if the builder failed to correct the fault. ? Mending broken promisesThe buyer has the right to litigate if the builder's obligations or promises regarding the actual project do not match. The buyer then has the right to decline the projects and receive a full refund of the initial deposit, plus interest and compensation. ? Approval before selling offBuilders may have sold projects without the necessary permission in the past. This is not the case under RERA now. Builders and real estate brokers will be obliged to register with the authorities, providing every detail about their projects, and only then will they be permitted to sell them after receiving the necessary approval. ? Prohibition to deviate fundsTypically, a developer will be working on multiple projects at the same time. They used to be able to divert funding between projects as they pleased. After the implementation of RERA, this will no longer be possible. The builder must set aside 70% of the project's proceeds in a separate bank account. He can only withdraw money from such an account after the project has been completed and certified by a civil engineer, an architect, and a practising chartered accountant. Because the funds can no longer be diverted to other projects or used for other purposes, they will be used for their intended purpose. ? Fast track grievance redressalComplaints against a builder can be brought to the state body established under RERA, which will have the jurisdiction to resolve all. If you disagree with the order, you may appeal to the Appellate Tribunal, which will resolve your case within 60 days. It will keep track of the reasons for any failure to do so also. The Varma PromiseWe at Varma Homes understand the buyer’s requirements and concerns. Therefore, all of our projects from the year 2019 are KRERA approved, following the industry norms, and are delivered as per our given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-won endeavours and investments of many. If you aspire to buy an apartment in Kerala, Varma Homes is all set to take you ahead. We are a renowned real estate builder who specialises in providing accessible residential properties. You can select from a variety of alternatives to meet your needs and budget. We started with residential construction in Kochi and have since expanded to Trivandrum and Thrissur. Our major launches will be coming soon in Calicut and other important cities. Choose the option that best meets your requirements! For additional information, please contact us at 9645 88 33 33.Read More
Trivandrum, the capital city of Kerala, has emerged as a top destination for new home buyers in recent years. With its strategic location, well-developed infrastructure, and serene environment, Trivandrum has become a hotspot for real estate investments. The city's booming IT sector, improved connectivity, and easy access to high-quality healthcare and education facilities have further propelled its growth in the real estate sector. This article will delve into the reasons why Trivandrum is the right place for new home buyers in Kerala, exploring the city's unique advantages and highlighting the key factors driving the demand for real estate in the region. Excellent connectivityTrivandrum has an excellent transportation system and is well-connected to the rest of the state and the country. Trivandrum International Airport, which offers regular flights to major cities in India and overseas, is located in the city. The city also has an extensive railway network, with many trains linking Trivandrum to important Indian towns. Trivandrum has a robust road network in addition to air and train access, with multiple motorways and state highways linking the city to various regions of Kerala and adjacent states. Trivandrum also has a strong internet and mobile communication infrastructure, with multiple internet service providers and mobile network operators offering dependable services. Quality educationTrivandrum, also called Thiruvananthapuram, is well-known for its excellent educational system. Many notable educational institutions, including universities, colleges, and schools, are located in the city. The University of Kerala, which is located in Trivandrum, is one of the oldest universities in India. The institution provides undergraduate, postgraduate, and doctorate studies in a variety of fields. Trivandrum also boasts a number of colleges and institutes that provide professional training in fields like engineering, medicine, law, and management. The Indian Institute of Space Science and Technology (IIST), the Indian Institute of Science Education and Research (IISER). Trivandrum offers a lot of good institutions that provide quality education in addition to higher education. Several of these schools are part of the Central Board of Secondary Education (CBSE) or Indian Certificate of Secondary Education (ICSE) systems. Good healthcare facilitiesThe Government Medical College Hospital, Sree Chitra Tirunal Institute for Medical Sciences and Technology, KIMS Hospital, and Kerala Institute of Medical Sciences are among the well-known hospitals in Trivandrum (KIMS). These hospitals provide a wide range of medical services, including emergency care, inpatient and outpatient care, surgery, and specialist therapies, as well as highly skilled and experienced doctors and cutting-edge facilities. In addition to these huge hospitals, Trivandrum has a number of smaller clinics and healthcare institutes that provide general care as well as specialist treatments in areas such as Ayurveda and homeopathy. Access to great healthcare is critical for living a healthy and pleasant life, and having decent healthcare facilities nearby may give individuals a piece of mind. When deciding where to buy a house in Trivandrum, it's critical to consider the property's closeness to hospitals, clinics, and other healthcare services. This is especially crucial for families with small children or elderly relatives who may require medical care. Having adequate healthcare facilities nearby might also be advantageous for people who suffer from chronic medical ailments or require specialist medical treatment. It can save time and money by decreasing travel time and expenditures, as well as providing convenient access to medical personnel and innovative medical technology. Cultural and recreational activitiesTrivandrum has a rich cultural legacy and provides inhabitants and visitors with a range of leisure opportunities. The city is noted for its thriving arts and cultural scene, which includes a number of festivals and events throughout the year. The yearly Onam festival, the Swathi Sangeethotsavam music festival, and the Attukal Pongala festival, the world's biggest gathering of women, are all famous cultural events in Trivandrum. There are also various museums, galleries, and theatres in Trivandrum, including the Napier Museum, the Kerala Science and Technology Museum, and the Tagore Theatre. During the year, these institutions host a variety of exhibitions, concerts, and cultural events. In terms of leisure activities, Trivandrum features a number of parks, gardens, and beaches where locals may unwind and enjoy. Kovalam Beach, the Veli Tourist Village, and Shanghumugham Beach are among the city's most popular leisure areas. Trivandrum also has a variety of sports and fitness activities available, including cricket, football, badminton, and tennis. The city has a number of sporting clubs and gyms, as well as outdoor recreational places for walking, running, and cycling. Trivandrum has a rich and diversified cultural and recreational landscape, making it a terrific destination to discover and enjoy for both inhabitants and visitors. Growing real estate marketTrivandrum's real estate market is steadily expanding, with rising demand for residential and commercial buildings. Because of its rising economy, solid infrastructure, and high quality of life, Trivandrum is a popular location for individuals wishing to purchase a property or invest in real estate. In recent years, the city has witnessed tremendous expansion in the IT sector, which has increased demand for residential and commercial buildings. Furthermore, the government's drive to upgrade the city's infrastructure has attracted numerous large-scale construction projects, strengthening the Trivandrum real estate market even further. Trivandrum has a particularly strong demand for residential homes, with an increasing number of individuals preferring to live in the city. As a result, the number of new residential developments, such as flats, villas, and gated communities, has increased. Trivandrum's commercial real estate industry is also expanding, with numerous new office buildings, shopping malls, and hotels being built throughout the city. The recent addition of LuLu Mall, with a total built up area of 2,000,000 sq ft, it is the largest mall in Kerala and one of the largest malls in India, a perfect place to shop and spend time with friends and family, along with this the Mall of Travancore which was the first mall in Trivandrum Located in the heart of Kerala's capital city, a Malabar group venture, it has become the unrivalled destination in Trivandrum, to experience shopping, dining & entertainment under one roof. The first green mall, we are an iconic landmark, being the first of its kind in Trivandrum, situated right in front of the Trivandrum International Airport. The real estate market is steadily expanding, making it an appealing location for people wishing to invest in real estate or purchase property. And who better to rely on than Varma Homes, which can give you the greatest advice and assist you in purchasing your ideal homeRead More
The total cost of the apartment, including closing costs, property taxes, and any other fees?Contact a real estate agent or an attorney to assist you to understand the costs of the acquisition, such as closing charges, transfer taxes, and other fees. Consult your lender to learn about the costs of your mortgage, such as interest rates, loan fees, and mortgage insurance. Investigate the property taxes in the neighborhood where the unit is located. This information is usually available on the website of the local government or by calling the local tax assessor's office. Assess whether there are any additional expenditures related to the purchase, such as homeowners association fees or utility charges. Put all of these expenditures together to get the total price of the unit. Varma Homes can provide you with the ideal advice and information to solve any of your questions.The square footage of the apartment, and how does it compare to other apartments in the area?More apartments in the region can be found by looking at listings or sales data for other apartments. You may also compare the costs of comparable apartments in the neighborhood to discover how square footage impacts the pricing. Remember that the location, age, and facilities of the building may all affect the price, so keep all of these aspects in mind while comparing apartments in the neighborhood. Analyze the listing or sales details for the flat. This should contain the apartment's square footage. If the square footage is not provided, you may need to inquire with the seller or real estate agent. Examine the floor plan of the flat. This should help you estimate the square footage by giving you a sense of the layout and size of the rooms. You can measure the apartment using a tape measure or other measuring instruments. This might be time-consuming, but it will provide you with an exact measurement of the space. Varma Homes offers the most qualified staff to support you in your endeavors to make the process easier for you.Amenities are available in the building, such as a gym, pool, or laundry facilitiesWhen selecting amenities, evaluate what you require and what you are prepared to spend for. A gym or pool, for example, may be vital facilities for you if you value fitness and exercise. If you don't have a car, check to see if the building provides laundry facilities. Consider any extra expenditures related to the facilities, such as gym membership fees or higher maintenance fees. Amenities may increase the value of an apartment and make it more desirable to prospective purchasers or renters. Having a rooftop terrace or communal area, for example, may make the building more appealing and boost its worth. They improve the comfort and enjoyment of your living area. Air conditioning, a dishwasher, or a balcony, for example, may make your apartment more pleasant and improve your living experience.What is the neighborhood like, and what are the nearby schools, restaurants, and shopping areas?Check up on the neighborhood and read articles or blog entries on living there. This might offer you a sense of the area's personality, culture, and atmosphere. Spend some time roaming the neighborhood to acquire a sense of the surroundings. Search for neighborhood stores, restaurants, parks, and other facilities. If you have children or intend to have children in the future, you should look into the local schools. Check up on their ratings and reviews to get an idea of how good they are. Browse the restaurants and retail centers in the region to discover what possibilities are available. This might assist you in determining whether the region provides the facilities you require. Engage in a conversation with residents to learn more about what it's like to live in the region. They may be able to provide you with information on the neighborhood's strengths and disadvantages.What is the parking situation, and is there a dedicated spot for your car?While purchasing an apartment, it is essential to evaluate the parking issue, especially if you own a car. You want to make sure your vehicle is safe and convenient to park. Some flats include a designated parking space or garage. If so, inquire about the fee and availability of the parking space. What are your choices if there is no designated parking? Certain buildings may provide parking permits on the street, shared parking lots, or neighboring parking facilities. Be sure to inquire about the price and availability of these alternatives. Inquire about the security of the garage or parking lot if there is dedicated parking. Is your car protected by security cameras or other measures? Are there any parking restrictions in the area? Parking restrictions or permits are required in some localities. Check for any parking limitations that may affect your ability to park. Take into account how close the parking is to your unit. The security situation in the building and surrounding area?You want to ensure that the building is safe and that no illegal individuals may enter. Look around for security features such as cameras, street lights, or police presence. If you feel uncomfortable in the region, it may have an influence on your quality of life. Examine the crime rate in the area to get a feel of the neighborhood's safety. You may look up crime statistics online or ask people for their opinions. Inquire about any security issues that have occurred in the facility or the surrounding region. This might help you determine the amount of security you can expect. Check to see if the building is in a flood or seismic zone. If this is the case, inquire about the building's safety measures and emergency exits.What is the availability of public transportation in the area?Look for public transportation options in the region, such as buses, trains, or subways. Check that the transportation alternatives are appropriate for your needs. If you rely on public transit to get about on a regular basis, be sure the services are frequent enough to fit your schedule. If it is too far away, it may disrupt your regular routine. Look at the cost of public transportation, such as a monthly pass or a single fare. Ensure that the price is within your budget. Examine the public transportation system's dependability, such as how frequently buses or trains are delayed or canceled. If the system is faulty, it may disrupt your regular activities. When buying an apartment, it's critical to evaluate the availability of public transit, especially if you rely on it for your daily commute. By asking these questions and conducting research, you may have a better grasp of the public transportation situation in the region.Read More