Let's look at the present state of the real estate market so that you can get the best deal for owning an apartment or flat in India. As we know, the real estate market has witnessed a market decline or downfall in the number of people buying residential properties. One of the major cause for this fact that the property prices remain high when it compared to the average income of people. The concept of affordability also affected by an increase in income and interest rates. The rental yield is another factor that determines the level of demand for both investors and end users. Rental yield is the amount of rent paid per annum over the cost of purchasing a property.
The demand for real estate started declining from the year 2013. By 2016, it hit an all-time low; the entire market was going through a bearish stage when it was affected by two main black swan events. That is the introduction of RERA in 2016 and then demonetization of Government that demonetized high-value currencies, which in turn washed out 2016 and 2017 for residential real estate. However, the impact of these is only short term and it will not have a long-term impact. I.e., it is true that the residential demand, sales and supply took a hit on the back of uncertainties surrounding RERA and GST. Though, with the improving clarity on GST & RERA, sales are expected to revive across categories and budget segments.
Now the change is already visible by the implementation of Government flagship mission “Housing for All by 2022” and its focus on the affordable housing segment. Moreover, the effective implementation of RERA restores confidence among homebuyers and the real estate sector is set to greatly benefit from RERA. Now the Residential real estate in India is set to make a comeback. Demonetisation had a healthful impact on property costs by restricting money transactions and checking speculative evaluation, successively increasing affordability, that may be a key to realize the government's flagship mission of 'Housing for All'. The government has also stretched the credit linked subsidy scheme till March 2020, which offers interest subsidies on home loans for Low Income Group (LIG), Middle Income Group (MIG) and Economically Weaker Section (EWS) under the Pradhan Mantri Awas Yojana.
So it is clear that the real estate sector is showing signs of recovery and is in reforming stage where Government put its focus on providing affordable housing, consumer-friendly regulatory reforms and infrastructure to warehousing industry providing a sense of positive market sentiment. RERA and GST are now the prime factors that facilitate a recovery in the real estate sector. Recent evaluations after the implementation of RERA and GST indicate a 6 percent growth in housing sales across some of the major cities in 2018. The growth outlook across both commercial and residential real estate is turning progressive now. Based on estimates, by 2030, the real estate in India become a $1 trillion market.
Hence the mess is over, buyers can come across to purchase their dream property without any second thought. Now they need to worry about the only thing that the selection of the best and trusted builder, finding the proper location & amenities while purchasing a ready to occupy or under construction 3 BHK or 2 BHK apartment or villa. Here you can stop your concerns about the selection of the right builder; you can undoubtedly contact Varma Homes, the top builder in Kerala. We have completed and ongoing residential projects in the three major districts of Kerala like Kochi, Trivandrum and Thrissur. Head off, to purchase your dream apartment with the most trustworthy real estate builder like Varma Homes. Find your dream home with us, great experiences are just around the corner!!!
Also, read Importance of using RERA website before buying property.docx
Purchasing a dream home is something that everyone dreams of, and it is somehow a matter of pride. So, most people, whether they are in India or not, have shown big interest in real estate investment. When it comes to NRIs, real estate investment especially in the launching phase and ongoing phase of the projects could increase their investment substantially. Our Government and the regulatory acts are very investor-friendly for NRIs. With the RERA & GST, there is improved reliability in the entire system, which is legitimately affecting the amount of NRIs planning to put their hard-earned cash into the realty market of India. Fortunately, you may not need to revisit the nation to reap the benefits. You simply need to take a home loan for NRI in India, buy the house, invest in it, and perceive how it blows into a successful lifetime investment. You can buy property in India by taking home loans from housing financing firms or banks. For getting the home loan for NRIs, gone are the days when you should be physically present at the bank. These days, home mortgage applications can be filed online too alongside the essential documents referenced by the bank/ housing finance organization. Though the document's nature might differ from people to people dependent on their work status. But certain records are compulsory such as visa, photos, residence proof and passport. As yet pondering whether you should make the jump or not? Here are three good reasons why you certainly want to invest in the Indian Real Estate. Ø Earn More Money Suppose that you are an NRI that is living in countries like the USA, Canada, UK or Middle East countries like Qatar, Kuwait, Saudi Arabia, UAE etc. The currencies in these nations are far more valued contrasted with the Indian rupee. Accordingly, if you choose to invest in the realty market, you'll have the option to acquire more cash from the gap amongst the values of the currencies. Ø There's Demand As the demand for housing is always there, then no matter if you like to sell your property later or lease it out, you will always discover an enthusiastic customer to help out. So, buying a property in the prime region of India is a lifetime investment, since the demand for the land is always there. Ø Save on Income Tax Perhaps the best part of NRIs investing in the Indian realty market is that they are hardly liable to comply with any legal formalities. In this context, they will just need to proceed with the registration process without the payment of income tax. However, if they get income from lease over that specific property, at that point they may need to undergo some tax compliances. Yet, taking into account that interests in realty projects barely have any major legal formalities, these payments won't be as critical. Start Investing Today with Varma Homes! Investments may sound a little scary to start with. Even so, as long as you invest into the right property of the right real estate builder apartments, you will profit a ton over the long haul. And all you should do is get a loan from bank or financing company and make a buy from the right builder – from any place you are! For those of you who have considered planning to buy a new apartment, now would be a good time to start searching. Here is your ideal choice, Varma Homes, the most leading real estate builders in Kerala. We have residential projects in Kochi, Tripunithura, Trivandrum & Thrissur with the superb quality of construction and excellent amenities that offer the right kind of choices for your lifetime investment. So, what are you waiting for? Opt Varma Homes apartments for your housing option, we have several reasons to start investing with us. Keep track of Varma Home’s upcoming, and ready to occupy apartment projects all across Kerala. Buy your dream apartment from the most trusted builder in Kerala and get plenty of happiness in return! Ping us to know more about our projects or visit: www.varmahomes.com/residential.html
Read MoreWith your busy lives flying by, what you wish for everyday is to have more time at your disposal. So when an expression such as "on time" appears with regards to your dream project, won’t you just jump ahead? But when buying a brand new apartment, there are two prime points that you must take into account: the time of completion and the quality of your unit. For this purpose, getting to know the detailed completion history of the builders you assign as well as the steps they take to ensure the quality and safety of your home is very crucial. Readiness is the keyAt Varma Homes we have driven "ahead of time" to realise and make dreams a reality. With years of experience in the construction field, we have vowed to deliver the best apartment projects across Kerala. The technical team at Varma Homes works round the clock to plan and execute assignments ahead of schedule. And advancing beforehand does not mean compromising the values and standards we have set forth as a team. We have successfully completed 6 projects within a span of 5 years prior to the expected time. Talented workmanshipWith our skilled consultant team, that includes architects, structural engineers, PCP, fire and safety, etc., we go the extra mile to implement competitive plans with keen foresight. Because of our professional approach and a passionate stance, we were able to confront challenges with ease. We have ensured that the highest quality products are produced at all stages. This is done through check-lists, proper staff training, and examining that the preferred commitment is thoroughly brought about in every aspect of the apartment. KRERA - Prospering the real estate futureThe Real Estate (Regulation and Development) Act 2016 was enacted by the Indian government, and the Kerala government established the Kerala Real Estate Regulatory Authority (KRERA) to regulate and promote the real estate business in the state. KRERA is the latest champion for the real estate sector, promoting accountability, citizen-centric policies, and improved financial discipline, all while protecting the consumer's interests. We at Varma Homes understand buyer’s requirement & concerns therefore all of our projects from the year 2019, are K-RERA approved, following the industry norms and is delivering as per given commitments. We consider RERA as an opportunity to comply with a rule that warrants the hard-earned investment of many. Varma Homes has successfully established itself as one of the most trusted builders in Kerala since its foundation. We began with residential projects in Kochi and have since expanded to Trivandrum and Thrissur. Our significant launches will take place in Calicut and other major cities very soon. We've made it our full-time objective to create the best service and quality in our price range, and we've done so consistently. At Varma Homes, we have no stalled projects, because of our belief in constructing happiness both deep within our team and for our stakeholders.
Read MoreA new year brings new opportunities so make a plan to live a better and more financially secure life this year. If buying a home is on your New Year's resolution list, there are a few things to do before hitting the goal. Because a home is likely to be the biggest investment you will ever make. So, figure out how to build a series of smaller, more doable commitments to assist you in achieving your New Year's Resolution of purchasing your dream house this year. Here are a few ideas to help you with your planning.Make a Budget StrategyIf you've made the decision to buy, manage your finances & determine how much money you'll need for a down payment. This might range from ten percent to twenty-five percent of the property's value. Remember that the larger your down payment, the lower your EMI & the less stress you'll have on your monthly budget. The key to making this goal a reality is financial discipline. So, start saving costs, avoiding needless purchases, paying off debts, & maybe expand your earning stream to increase your down-payment money.Improve Your Credit ScoreIf you apply for a house loan, your credit score will determine whether you're approved and, if so, what your interest rate will be. So, you need to improve your bad credit score as quickly as possible. Here are some tips to help you improve your credit score.Credit cards, if used wisely, can be beneficial to improve your score. Taking a few loans or purchasing consumer products using long or short-term loans will improve your credit score.Pay your credit card payments on time and make sure you always keep a tab on the credit limit to be financially safe and avoid paying extra interest.Keep an eye on your credit report and, if required, rectify any inaccuracies immediately.Remember, until you get a good credit score, you might have trouble getting a loan or you will end up paying a high-interest rate.Keep Your Documents ReadyYou might be wondering what to do now that your credit score has improved & you've saved enough money for a down payment. It's time to get all of your home loan paperwork organized. To get pre-approved for a loan, you'll need to submit a slew of documents, & the financial institution will almost certainly keep giving you one. These documents will very certainly include at least two years' worth of tax returns, employment history, income/bank statements, & asset verification. The earlier you begin sorting these documents, the quicker you'll be able to identify where you're missing data and take actions to correct it.Locate the Ideal New ApartmentOf course, you must first locate your new property before purchasing it. Use your time to consider your choices, look at apartments in nearby areas, set a budget, & decide which apartment you should choose for your dream apartment.Choose the Right Apartment Builder in KeralaWork with a renowned real estate developer that has recognized the city's potential & invested in apartments in vital places, as well as a solid reputation in the business. Always double-check the builder's credentials before making the purchase. Choosing a trustworthy & skilled builder ensures that the job is completed on schedule & to a high standard. Because purchasing a house is one of the most significant purchases you will make, you must be cautious to avoid being fooled by fraudulent promises & agreements made by some fake builders. Visit the builder's website to learn more about their track record, including the status of prior projects & client comments. This will assist you in locating the best under-construction flats in Kerala in terms of quality, finish, and cost.LOOKING FOR YOUR ULTIMATE DREAM APARTMENT BUILDER IN KERALA? Varma Homes, being Kerala's most reliable apartment builder with years of expertise, has always worked to set new benchmarks in property development and to match clients' demands by providing world-class amenities. Our one-of-a-kind designs, along with reliable process & material quality checks, ensure that all our apartment projects come out to deliver a fine living experience to dwellers. We have successfully positioned ourselves as a pioneer builder, completing high-quality projects on schedule & with unparalleled service and good value for our clients. Varma Homes has your perfect apartment in all of Kerala's most desirable places like Trivandrum, Kochi, Tripunithura, and Thrissur. Since the real estate market has experienced remarkable growth in recent years, now is an excellent time to purchase your dream home. Get in touch with us today to secure your long-desired apartments in 2022.
Read MoreEveryone dreams of owning a beautifully designed luxury home. What makes a dream home luxurious are its features like amenities and interiors. If these features remain the same, then what makes a luxury mansion stand out? Now, we can see that many luxury apartments in Kerala are made with exclusive features that make your dream home lavish and elegant. When it comes to luxury living, the choices to customize your living space are infinite. Moreover, you do not have to be rich to have some of that luxury. Here are some most common features that define a luxury home. Technologically Competent: Most of the real estate builders and homebuyers believes that a luxury home should be exemplary in the kind of technology it uses. Hence, automation is the keyword. Based on the price of the property, the range of technological advancement would differ. Smart home technologies are very much in demand these days and these technologies monitor systems inside and outside the home. Whether it is controlling the smart lighting and sound homes, thermostat, smart toilets or locking the door, you can easily look after your home from anywhere in the world using a smartphone. Such kind of features separates a luxury home from a normal one. Open Floor Plans: Today we can see that the homes do not have separate areas like kitchen and dining. All these areas come together in one big living space for a comfortable and flexible living experience. Many luxury homebuyers are demanding the open floor plan for their homes. High-End Kitchen: If the heart of the home is the kitchen, then luxury homes have a very strong pattern. Kitchens are now coming as a spacious kitchen with top-class appliances and high-end equipment like chimneys, fridge microwave, dishwashers etc. from high-end international brands. Security: Many luxury apartments in Kerala have in-built security features that are necessary. These security features are what separates luxury homes from standard ones. To secure your home from burglary actions and unwanted attention, the homes come with smart locks, safety alarms for fire or break-ins, CCTV cameras etc. Apart from home security systems, these luxury apartments also have strong security at the entering of the property. Breath-taking View from Apartment: A home may have all the specifications and amenities, which makes it world-class, but if it lacks a breath-taking window view, then it is not qualifying as a luxurious apartment. That is nothing feels better than coming home from work to a serene and a peaceful environment. Luxury apartments designed with open areas and huge balconies provide a fantastic view of the surroundings. You can enjoy staring at the skyline or breathe in some fresh air while you calm your mind as you watch the sea. Entertainment at Home: A home with a home theatre and a personal gaming zone is the new trendsetter for defining a luxury home. The latest updates in the niche market gadgets are must-have things for both the old and young alike. The objective of this feature is to create a space where the homebuyer never feels the need to leave the luxuries of the home. Spa Quality Bathrooms: This is yet another feature that sets luxury homes apart. The bathroom serves a utilitarian purpose, but many people consider it as a perfect place to relax after a long day. The luxury homes bathrooms are right on par with professional spas. They not only have a separate shower and tub but also saunas, steam rooms, touch screen mirrors that double as a TV. In a nutshell, Luxury homes are all about lifestyle and have stepped up to offer more comfort living to homebuyers than ever before. Amenities that were once considered an extravagance have become standard and have forced homebuilders and homeowners to take luxury amenities to the next level. If you are a luxury buyer looking for that unique feature and special touch that sets a home apart from all the rest. Then you can get in touch with Varma Homes, the most promising builder in Kerala offering superior quality and affordable luxury apartments in Kochi, Trivandrum and Thrissur. We design all our residential projects with care to make the life of the residents easy and lavish.
Read MoreVarma Homes has rapidly secured the trust of people in a short span after its active operation from the year 2016. Being one of the top builders in Kochi, Varma Homes is all set to enter into the real estate map of Thrissur with some prestigious projects. We will be soon launching 3 new residential projects in Thrissur with a total number of 200 apartments. We are offering modernized living apartments in Thrissur and all our projects are designed on the concepts of trendy engineering designs and are the perfect homes that people dream of. We have had a great deal of interest in these apartments. The projects are coming up at Ancherychira and Kottapuram. Presently Varma Homes is constructing 2 residential apartment projects in Kochi. The first one is Varma Regent which is compact apartment project in Edappally and the later is Varma Maalika which is a luxury apartment project in Tripunithura. Varma Homes promises timely handing over and the handover of Varma Regent will be in December 2017. For Varma Maalika the piling works have been initialized as of date. Both the apartments in Kochi are selling quickly and we expect the same level of demand for our upcoming apartments in Thrissur. Positive Aspects of Living in Thrissur Thrissur is synonymous with the world famous Pooram Festival - "Thrissur Pooram". The land of Thrissur is well-known for its rich history, cultural heritage, archaeological wealth, pilgrim centers and renowned educational institutions. The city has witnessed a strikingly stupendous real estate development in the recent years and it is still going on. The availability of land, superior condition of law and order, well-known academic organizations made Thrissur one of the most preferred places to live in Kerala. Also, the swelling prestige of Guruvayur Temple and other famous pilgrim centers uphold for the establishment of more apartments and flats in Thrissur. Not only people from the city and around but people from all other parts of Kerala consider Thrissur as one of the best options for real estate investment. So it might be a convenient decision to make a real estate property investment in Thrissur. It will be wiser if you choose a reputed builder like Varma Homes that promise timely handover of the project. As of date launch offers for first few units are available for all 3 apartment projects in Thrissur. Call +91 9645 88 33 33 for more details.
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