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!!!
Residential property investment is a big decision and is not an easy task. The processes are daunting but when we do it in the right manner at the right time; it will become the biggest asset in our lifespan. Now the real estate sector has gone through a vast deal of changes to make the home buying process simpler than ever before. If you are waiting for the right time to invest in the realty market, then wait no longer. Now the niche market is seeming a tremendous rise in demand for reasons like sparse area, rise in population, and immigration of individuals from different states and nations. So here are the top reasons why you need to invest in property at the earliest. Time Lets You to Take Risks People who begin investing in properties late in their life are often inherently more alert and careful with the investment decisions and are not ready to take any risks. Those people who are in the age group of the early 30s are ready to take risks and they often earn good gains too. Honestly, all investments are risky and if you put the risk at the right time helps you earn more profits. Consistent Hike in the Price of Properties There is no doubt that real estate is one of the safest investment you can ever make as it is always guaranteed to rise in value over time. For example, studies prove that Metro cities like Kochi & Trivandrum have recorded a substantial growth rate than in the last few years. This indicates that investing in the right property without any much delay would double the value in a few years. Higher EMIs to Pay As You Get Older Young age works in your favour when you are investing in real estate. In this age, you can save enough and also avail loans without much hassle. Here you get to pay a very less EMI on your home loan the younger you are. That is, when you are young, you get more opportunity to invest than in the older age. So, take plus of that fact. After all, you are young only once. Loan Availability When an individual starts investing in their early 30s, the odds for a financial organization to approve a loan is more because she or he would be having a stable source of income for loan payment along with a decent credit score. No Rental Payments Rather than spending too much of amount in giving the rent for your home, you can invest in a real estate and turn to pay the home loan EMI for it. It will be your future investment and it surely aids you more than paying for the rented homes. Support Your Retirement Plans The early age investment increases the chance for financial stability even at a younger age. So think about the savings for retirement from the age of 25s rather than the age of 50s. Life after the retirement is more challenging and complicated than it has ever been, so make proper plans for your retirement now, which in turn lead to a happier life after retirement. If you are finally planning to invest in a home of your own, then visit Varma Homes, the most leading builders in Kerala. Our top-notch quality of construction and superb prime locations make our apartments the best choice for first-time home buyers. So, what are you waiting for? Owning your dream home may not be easy, but it’s definitely worth it when you realize it at the right time. Ping us to know more about our projects or visit: www.varmahomes.comRead More
Are you looking to invest your money for long-term benefits? Then real estate is the best option for you. For anyone fascinated in building prosperity, investing in real estate is one of the best means to do it. It is one of the most reliable forms of investments and using your money for acquiring a property comes with numerous benefits to its credit. That is why real estate investment is the key choice for investors. You can enjoy tax advantages, reasonable returns to build your prosperity. Here are some reasons why real estate is the best option for you as a great investment. ? High Tangible Asset Value There will always be value in your land, and home. Other investments will leave you with very little to no tangible asset value like a stock, which may dip to zero, or a brand new automobile that depreciates over time. However, real estate investments have always been considered as an asset with superior value. ? Provides Excellent Returns than the Stock Market without As Much Volatility Real estate bids you more control of your investment as your property is the tangible asset that you simply leverage to maximize various revenue streams, whereas enjoying capital appreciation. ? Portfolio Diversification Diversification potential of real estate is another reason for investing in real estate. It has a low and in certain cases negative correlation with other chief asset classes. It means that the addition of real estate to a portfolio of diversified assets can lesser portfolio volatility and offer a higher return per unit of risk. Real estate will permanently serve as a safe tangible asset to mitigate the risk in your portfolio. ? Numerous Tax Benefits The tax benefits for the investments in real estate are numerous. It relies on the investors and how they use these investments to the best of their advantage. You’ll be able to get tax deductions on mortgage interest, income from investment properties, operational expenses & prices, insurance, depreciation, property taxes, and many other benefits. These breaks in taxes are truly helpful to people who deal with real estate as their long term business. Real Estate in Trivandrum Being the capital of Kerala, Thiruvananthapuram is standing as one of the most enthralling cities in our nation. It is world famous with its rich cultural heritage making it one of the best tourist destinations in the country. It is no surprise that being one of the major capital cities in India, Trivandrum has shown tremendous growth in the real estate market over the past few years, especially in the apartments and villas sector. With much to offer, Trivandrum is setting new strategies for developing its economy and infrastructure that draws investors even from far away cities to invest in the very safe real estate market. It is expected to boom even further in the coming years. Now the city has also emerged as one of the biggest ever IT hub of India over the years making it a sought after destination by professionals all over the world to come and settle down with their family. While comparing real estate growth in other cities, Trivandrum has been quite steady. Now the demands for residential homes in Trivandrum has reduced as most of the individuals prefer apartments or flats. This is because of the ease of access to all the necessities for a well-being in Trivandrum. Knowing this reality most of the developers have come up with totally different choices from budget to high-end luxury apartments at most cost-effective money plans. Trivandrum is an abode for various government establishments like Technopark, and numerous alternative projects lead to the giant range of population within the town. So the demands for real estate growth and the well-reputed builders increased. Varma Homes being the leading builders in Trivandrum has ensured the path of luxury living for people who looking for apartments in Trivandrum with premium facilities at reasonable prices. Considering the probabilities of future developments, investments in luxury apartments in Trivandrum will be an attractive choice. Step into Your Dream Home & Experience the Real Beauty of Dr. Pai’s Heritage from the House of Varma Homes! Varma Dr. Pai’s Heritage is the unique apartment located at the heart of the city, Poojappura. It is a super luxury apartment with 2 & 3 BHK apartments handcrafted with luxurious amenities. Cherry-pick your dream home from our unique choice of apartment in Trivandrum we deliver beautiful designs with soothing hues of nature, world-class features and spectacular ambience. Dr. Pai’s Heritage is close to all major social infrastructures like hospitals, reputable schools, colleges, railway, airport, metro rail etc. bequeathing upon you an unparalleled quality of life. We assure that we give you the best apartment that symbolizes premium quality. We have our premium quality apartments in major cities of God's own country apart from Trivandrum like Kochi and Thrissur. Come and check out our incomparable apartment in Trivandrum, we are sure that you will be spellbound. Now it is the right time to make an investment in real estate and to realize your dream home with us!Read More
If you are thinking to buy an apartment sooner or later in your life, begin saving at the earliest. The longer you try to save up for your deposit, the costlier your house is going to be. So it’s significant to start planning as early as possible. Here are some tips to keep in mind ahead of buying your first apartment to get the best deal. Decide On Your Budget The primary step in the funds saving method is budgeting. Decide what sum you can comfortably pay for. Heed at wherever your cash goes to each month & where you are paying the most sums of money. Note down the amount you spend on necessities such as utilities, rent, student loan payments etc. Then think through the amount you go through every month in the items like restaurants, entertainment, shopping & so on. Once you classify your expenditures, search for sections where you can cut back. Set a definite budget for every classification & stick to it & ensure you budget a particular amount to add on for your down payment each month. Go For a Side Hustle to Earn Additional Cash to Save For an Apartment Sounds crazy? However, actually starting a side hustle is one of the best saving tips for buying an apartment. Sometimes to earn extra income, there are several ways such as getting a second job, working extra hours or overtime, or beginning some kind of side hustle. Chop Down Your Debts If you are planning to take a mortgage loan for buying your first apartment, but you already have additional debts like credit cards, personal loans, car loans or student loans they could definitely reduce the amount you can put into a home loan. So take time to pay off your debt before you head down for applying for a home loan. Look at closely how much you owe on your student loans, credit cards, personal loans or car loans & generate a plan to tackle it. This will not only help alleviate some of the financial pressure yet additionally help you secure a better mortgage rate. Cherry-pick Good Investment Options It is vital to direct some part of your revenue towards investment through Systematic Investment Plans (SIPs). For instance, if you begin to invest 25,000 a month via SIP with a modest return of 10% for just 3 years you can get Rs.10.53lakhs. In this manner, you can easily save for your down payment without nerve-wracking about lifestyle changes. Also, there are some other investment options for the short term: equity-based mutual funds, ELSS etc. Be Financially Disciplined Where does most of your monthly income go? On rent, groceries, dining out, shopping, entertainment? Start analysing this. Categorise your expenses and determine how you’re spending your money and then make a budget. If you want to save for your dream apartment, start cost-cutting, avoid wasteful spends, clear your debts and may be try to expand your income pool. Rent Out a Smaller Place If you are living on rent, to save for your apartment buying, you may consider shifting to a smaller house for the time being. In case you are single, think about living with family or companions for a year. Any sort of savings will assist you with getting close to realizing your dream about purchasing your own home. When you’re ready, you can begin the apartment purchasing process. But before that, you have to find a reliable builder. If you're looking for owning your dream apartment in Kerala, then here is your right choice- Varma Homes, the most trusted builder in Kerala. Varma Homes is one of the best residential builders in Kerala, who have residential projects in several locations of Kerala like Kochi, Tripunithura, Thrissur, Kozhikode & Trivandrum. We fulfil your dream of a home with our unique designs with guaranteed quality checks of process & materials to ensure you a perfect home in reality. So get started with buying your dream home with us!Read More
Varma 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.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