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
Onam is one of the biggest festivals of Kerala with 10 days of celebrations and fun. Onam is the season which shows Kerala at its cultural best where we get to see rich harvest, happiness, prosperity, family gathering with sadya, onam pattukal, traditional thiruvthira dances and so many outdoor activities. Double your happiness this Onam season by owning a luxury apartment in your dream city and start a new beginning in life. Buy a new flat in Thrippunithura to experience the family get togetherness and feel rejuvenated to smell the goodness of life. Many builders launch their new residential projects in Kochi with many offers that you can’t deny to for the first few bees. One benefit that you can look ahead to while buying an under construction flat is the discount offered during the launching time. In most cases, builders offer per square foot rate of a house at the stage of launch of the residential project with a lucrative concession lower than that what you have to pay when you buy the flat / apartment which is ready for possession. When buying a flat under construction, total cost may go down compared with a ready to move in. While buying an under construction flat, the only thing you have to take in account is choosing a trusted builder. Go for the reputed builders to minimize the risk. And the Varma Builders ensure the timely completion of residential projects. For this Onam buy a luxury apartment in Trippunithura from the renowned builders in Kochi to acquire a traditional feeling in the land of royalty which has a huge corpus of custom, culture, art, economics and space for fulfilled and spiritual activities especially during the festival time. Spirituality at the door step Owning a dwelling at a place that emanate divine legacy especially in a city like Thrippunithura is indeed a long cherished dream any devotee has. Located just a 300 metres from the famous Sree Poornathrayeesa Temple, Varma Kottaram offers a spiritual harmony as well. Livings near the temple also add cultural value. Experience the real regal life knowing the traditional culture by owning a luxury apartment at Varma Kottaram. Comfort & Connectivity Varma Kottaram is a G+4 luxury apartment project exactly located at Thrippunithura between Kalikkotta Palace and Sree Poornathrayeesa Temple. Varma Kottaram is 24 units with 2 & 3BHK apartments in 25.6 cents. Kottaram has all the modern amenities like Fitness Center in First Floor, solar energy utilisation in selected areas, fully automatic lifts, intercom facility, Fire Fighting System, children’s play area, roof top party area, terrace garden, recreation space, fitness centre, care taker room, Provision for 24 hrs. Power & Water Supply Facility, Sewage Treatment Plant, Water Filter, Surveillance Camera, Rubber Fender for Corners in the Car Parking Area and many more. Best Builders whom you can trust Varma Homes assures the timely completion & delivery of flawless and qualitative projects to the valuable customers. Come and book flat at Varma Kottaram during this Onam and enjoy a lifetime long merriment.Read More
The populaces from outskirts are getting well employed and shifting to metropolis due to faster infrastructural development and greater career opportunities. With higher availability of jobs and better educational possibilities, the greater Cochin is immensely growing at an incredible pace due to huge investments of IT sectors in its locations. In case of Trivandrum and Thrissur, they are also the larger IT hubs creating enormous career opportunities. The basic reason for this growth is the heavy inflow of NRI funds from people settled abroad. The IT sector is booming at a lightning speed and thereby generating many more job opportunities in these cities. In case of Kochi and Trivandrum, with such a massive growth happening since a couple of decades and with many more job openings; most families have one or more persons as bread-winners. And their surplus income is used to invest into flats in Kochi and Trivandrum. If you are making a wise decision to buy a property in one of the prime locations from the best builders in Cochin then you are almost guaranteed with the asset value appreciation in the future. You can either live in your own flat or you can enjoy the lease/rental income accrued out of it. And with the rent and lease options, you are also assured with a very high rate of monthly returns from the higher income groups who are in search of such properties available on rental or leasing basis. Varma Maalika and Varma Regent from Varma Homes are the ready to move flats in Cochin conveniently positioned in the most happening residential locations of Kochi city. Varma Dr. Pai's Heritage the super luxury apartment project of Varma Homes is the ongoing Flats in Trivandrum located at the heart of the city. Varma Spectrum, the upcoming Apartments in Thrissur is one of the prestigious projects of Varma Homes. If you are someone looking for real estate investment in the major residential locations of Kerala, then do consider Varma Homes, the reputed builders in Kochi offering: Apartments in Kochi Apartments in Trivandrum Apartments in ThrissurRead More
Ernakulam, located in the state of Kerala, India, is a city known for its rich culture and history, as well as its booming economy. In recent years, Ernakulam has become a popular destination for property buyers looking for a flat or apartment to call their own. In this article, we will explore the key reasons why flats in Ernakulam are the best buy for potential homeowners.Location: Ernakulam is the commercial capital of Kerala and is well-connected to major cities such as Kochi and Trivandrum. This makes it an attractive option for people looking to buy property in the region. The city is also home to a number of colleges, universities and research institutes, which makes it a popular destination for students and academics.Economic growth: Ernakulam has a thriving economy, with a large number of industries and businesses located in the city. This has led to an increase in job opportunities and population growth, which in turn has led to a rise in property prices. The city's proximity to the Port of Cochin, one of the busiest ports in India, also makes it an attractive destination for businesses looking to expand.Amenities and infrastructure: Ernakulam has a good infrastructure and amenities, including schools, hospitals, shopping centers, and public transportation. This makes it a convenient and comfortable place to live. Additionally, the city has a number of parks, playgrounds and other recreational facilities, which provide a great environment for families and children.Tourism potential: Ernakulam is a popular tourist destination, known for its beautiful beaches, temples, and other historical sites. The city is also home to a number of museums and art galleries, which make it a great place for culture enthusiasts. This tourism potential also helps to make Ernakulam a great place to invest in property, as rental income from tourism can provide a steady stream of passive income.Affordable prices: Ernakulam is one of the most affordable cities in Kerala to buy a flat, even though the prices are increasing in recent years. Offering a wide range of options, from budget-friendly apartments to luxury flats in Ernakulam, which makes it an ideal destination for people looking to buy property on a budget.Well-connected and accessible:Kochi and Ernakulam are more linked and accessible than any other cities in the entire state of Kerala. Ernakulam is easily accessible from everywhere in the world by road, train, air, or water because nearly all kinds of connectivity are already operating at their best levels.Medical Infrastructure:Ernakulam, the state's most contemporary metropolis, also offers the best medical facilities and the best medical infrastructure. Some multispecialty hospitals have such high standards for care and service that patients from across the state and even the nation travel there for medical care and wellness activities.Another accomplishment of the city's medical community and infrastructure is the way in which it was able to successfully stop the spread of the current pandemic.In conclusion, Ernakulam is a great place to buy a flat or apartment. It offers a great location, a thriving economy, good infrastructure and amenities, tourism potential, and affordable prices. All of these factors make Ernakulam an attractive destination for property buyers looking for a flat or apartment to call their own. With a wide range of options available, there is something for everyone in Ernakulam.Always choose a trusted builder while entrusting the safety of your loved ones. Varma Homes has effectively established itself as one of Kerala's most trusted builders since its inception. With the most advanced facilities and eco-friendly aspects, we present you with a modern lifestyle of luxury, convenience, and comfortable living. We've made it our full-time goal to provide the best service and quality in our pricing range, and we've succeeded time after time. Currently we have apartment developments in Kochi, Tripunithura, Thrissur, and Thiruvananthapuram.Read More
Do you have any experience with living in Kochi's luxury apartments? Luxury apartments are becoming the new standard of living for people who want to improve their quality of life. The serene atmosphere, interiors outfitted with cutting-edge technology, opulent amenities, and more space provided by luxury premium flats in Kochi allow you to live life to the fullest.Modern Kochi luxury apartments are inexpensive!Your goal of owning a luxurious apartment in Kochi is now a reality. Nothing could be more satiating than the affordably priced but luxurious Flats in Kochi. In addition to constructing luxurious apartments in Kerala and all the other major cities, Varma Homes also attempts to keep their prices low.Varma Homes offer you affordable Luxury Flats in KochiVarma Homes is the ideal location if you want to enjoy peace and tranquility as well as other facets of city life. Our projects are developed and created to be 100% luxurious and private, offering you a variety of amenities and making sure there are no shared walls. Our projects are spread throughout Kochi's various neighbourhoods, fostering a rich sense of contented living. All the conveniences of daily living are available to you at a reasonable cost. The railway, metro, bus terminals, and other city centres are more easily accessible from our projects that are located in Kochi. Within fairly short distances, you can locate both schools and hospitals. Our projects are the finest places for a family to live because they are close to all of these amenities. Excellent facilities and property management, more living space, and high-end specifications makes our project highly demandable. Varma Homes has a wide selection of apartments in and near Kochi if you're looking for residential flats for sale in that city with a variety of features. We design our residential projects with a blend of all modern and traditional amenities in response to the trending demand and investors' desire to profit from quality-styled apartments. Well, Kochi, Kerala's commercial centre, has seen a significant real estate development. The city's outskirts are quickly being impacted by the real estate industry, making them the next ideal location for investors. Since its inception, Varma Homes has firmly established itself as one of the most trusted builders in Kerala. Starting with residential projects in Kochi we have stepped into Trivandrum, Thrissur, Calicut and many more to follow. The mantra behind our success is that "we value customer happiness above all". At Varma Homes, we embrace our unique position as industry pioneers to change the Kerala real estate practice in terms of project completion. We take pride in our track record of completing all our projects ahead of schedule. Varma Homes is now synonymous with trust, quality and good value for money. Varma Homes, one of the reputed builders in Kochi gives utmost priority to unique your lifestyle with maximum carpet area. The projects come with open space, smartly planned out so that you get to live in a highly beautiful, amazingly spacious, relaxing, and private home. What are you waiting for? Come and own the lifestyle you have always dreamed of. Why say no to luxury if you can own it at an affordable price?Read More
Yes, it is true that the unexpected flood badly affected the beauty, peace, economy and heritage of the God’s own country. More than 350 people lose their life, many are displaced and huge loss of infrastructure are caused due to this flood. The magnitude and intensity of the floods, landslides in Kerala are very large. But the major consequences of this disaster is the realisation that the obligation of taking maintenance and care of the security and safety respites straight on individuals themselves. Many people, organizations, institutions and countries open their hand and heart to support Kerala to overcome this terrific situation. It revealed the element that the people are more generous and charitable than we thought. So it gives a renewed hope for building a wealthy future in the midst of divisiveness and hatred. Efforts are now under process to make a new Kerala with the fresh start to rehabilitee all the victims, rebuilding the air, road connectivity and also the whole affected areas. Varma Homes is always dedicated to constructing happiness since rehabilitation is a prolonged process we plan to keep our service and offers that should be favourable to our victims and also for the creation of the new Kerala. We are the pioneers for establishing delicate lifestyle with our brand new apartment and flat projects across all the cities in Kerala. We assured you that we are capable to present you another world of fulfilment, security through our finest apartments and luxury villas within the affordable prices to the customers. Varma homes set a benchmark for satisfying their client’s expectations and requirements. We already raised our hand to contribute our donations to the rebuilding of Kerala with our latest affordable services and projects. Varma Homes Join hands to the Comeback of Kerala Kerala recently faced the worst flood in the century and the daunting chore of reconstruction and rehabilitation from floods mock-ups a huge challenge. During this crisis, people showed a great resilience and also displays the emulate power of Kerala to the world. A unity of action is discovered throughout this crisis time. All divisions, regardless of religion, politics, creed, caste, gender, and business worked collectively to pull up Kerala. Our projects mainly spread across various cities in Kerala like Trivandrum, Thrissur, and Kochi. All our projects in these locations were not affected by this flood. We also made all necessary precautions to protect our projects from this natural disaster. Since we are always committed to deliver our services in terms of quality and worth beyond business profits, we also pitched this crucial time of Kerala with wholeheartedly and generously. We definitely play our role for the comeback of Kerala by putting innovative ideas and projects for encouraging and backing the rebuilding efforts of the whole state. Since the Government main motto is to not only limit to the restoration of Kerala to the pre-flood times but also to create a thriving path towards the new emerging Kerala. For this, we are interested to offer our services to the minimized costs or in discount amount for distributing our apartments to the right victims. It is true that Kerala is receiving huge support and love from the world’s each corner and nook. So it is our pleasure to be a part of this rebuilding process of Kerala by our smallest contributions. Since we are the best builders in Kerala and we are dedicated to promising the noble class of living to our clients with our goodwill and promptness of our projects. We centre on earning the trust and confidence of our customers and to advance the supreme with our best facilities. We understand the great responsibility of us towards customers, society and country. Our creation of latest projects continues with the advanced innovative living amenities to our most valuable customers. Our capable workforce tuned our client’s dream apartments and villas into reality along with our latest mission for the rebuilding of a novel and fresh Kerala. We hope this nobility will continue in future as our firm emphasis on quality and value.Read More