Blog Detail
KEY REASONS TO START REAL ESTATE INVESTMENT IN KERALA
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.com
Releated Blogs
Varma Homes Launching in Thrissur With New Projects
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
Long-term benefits of buying a flat in Kochi
Property valueThe property values in Kochi have steadily increased throughout the years. Purchasing a flat in Kochi may bring excellent returns on investment as property values rise over time. Kochi is strategically positioned in southern India and is well-connected to the country's other main cities. This makes it an attractive place for businesses to establish themselves and for people searching for a well-connected house. It features a first-rate infrastructure in terms of transportation, healthcare, education, and other necessities. This makes the city an appealing location to live and work, which boosts property values.Rental incomeKochi is a significant commercial hub that draws a large number of individuals who come to the city for jobs or education. Investing in an apartment in Kochi may produce a consistent rental income, making it a good investment choice. In addition to providing a steady stream of income, the property's returns or rental income will be inflation-adjusted. The rental yield for flats in Kochi is around 4-6%, which is relatively high compared to other cities in India.Lifestyle BenefitsKochi is a lovely city with a rich cultural background, and buying an apartment there gives you access to a variety of lifestyle amenities including parks, retail centers, and recreational facilities. The city also includes a number of parks and green areas that provide a welcome respite from the rush and bustle of metropolitan life. It has a reduced cost of living than other major Indian cities. This makes it an excellent choice for people seeking a pleasant living without breaking their wallets. It offers multiple well-equipped hospitals and healthcare facilities, making it a perfect location for individuals who desire convenient access to quality healthcare. It also has an extensive network of buses and trains, making it simple to get around the city and visit the surrounding areas.Tax benefitsThe local government imposes a property tax on properties in Kochi. Property taxes in Kochi are cheaper than in other major Indian cities. Property owners in Kochi can also get tax breaks on the interest they pay on their house loans. Subject to certain criteria, residents can claim tax breaks on capital gains on the sale of their homes. Kochi has a Special Economic Zone, which provides many tax breaks to enterprises that operate within it. These advantages include tariff and tax exemptions on items imported or exported from the zone.Rich CultureKochi has a plethora of cultural attractions for visitors to explore. This dynamic city has plenty for everyone to explore and admire, from traditional dance and art to historic buildings and delectable cuisine. It is well-known for its exquisite food, which includes a broad range of vegetarian and non-vegetarian meals. Appam, puttu, and fish curry are among the must-try delicacies in Kochi. Here, you get a glimpse of Muziris Biennale, which is the best festival to attend because of its upbeat atmosphere created by artists, musicians, dancers, and cuisine. You would not be startled to hear Hindi or any other language in this city because many people speak Hindi and other languages. Metro exposureThe introduction of the Kochi Metro has transformed the face of Kochi, making it easier to go to most destinations inside the city without getting stuck in a frustrating traffic jam. Kochi's public infrastructure has been updated, and the Kochi Metro has improved the city's brand image. As a result, there has been an increase in demand for homes near metro stations, which has bolstered the real estate industry.Kochi is seeing an increase in demand for luxury apartments, with numerous developers developing high-end developments in the city. This gives an opportunity for individuals wishing to invest in high-end properties with substantial profits. Purchasing flats in Kochi may be a smart investment for people seeking a consistent rental income, capital gain, and a developing market for luxury apartments.
Read More
Consider location before purchasing a property
Whether if you are an expert property investor or a first-time homebuyer, the purchasing decision process for a property involves both time and energy. And when your desired location is in one of the booming real estate markets like Kochi Metropolitan area centred around the city of Kochi, then even more time and energy is required. Kochi’s real estate market is very active nowadays and with its price fluctuating, one need to conduct a thorough research on the ideal locations, metro connectivity, traffic volume, infrastructural development and the changing market trends; when purchasing a property in Kochi. During the research, one will get to know the importance of a convenient location very clearly. Indeed, the above mentioned factors play a vital role in the property purchasing process in the metro city. So before you actually settle down on one property, interact with the best real estate developers and validate the various other factors. Paying an adequate attention to these factors, while purchasing a property can make your living easy in Kochi and if ignored, these can become the reason for your inconveniences and losses. And shortlisting the properties at strategic locations can also offer best returns, if you are someone who prefer investing in. If we discuss more specifically about the most developing areas of the Kochi city i.e. Edappally and Thripunithura, and if the locations are chosen wisely for new luxury apartments, it will prove advantageous in many ways. If you have chosen the location according to your investment plans which is just for a shorter period of time, then it is highly advised to purchase a property located in a developed area or an area which is in its development phase. But if the investment plan is for a longer period of time, then there is absolutely no harm in opting for residential projects in Kochi as the locations are likely to develop at a faster pace in the near future. For those who have a joint family and are planning to purchase a property for their own personal use, then they are greatly recommended to seek for a location which can cater to everyone’s need. Those who live with young children can select a location which is neighbouring to renowned schools or other educational institutions, famous amusement parks and popular shopping malls in Kochi. And if your family consists of old parents, then choosing a location which is proximate to well-known hospitals, 24 hours pharmacy, temples, etc. will be a nice option. For the working class family members, the use of metro can save both your time and money when commuting to work. Varma Maalika and Varma Regent of Varma Homes, the most reputed builders in Kochi are the ready to move flats in Cochin accessibly erected in the most developing and prime residential areas of Kochi city. Both these carefully built apartments have already received an overwhelming response from the public. The 2 & 3 BHK luxury apartments of Varma Maalika in Thripunithura, exactly positioned at S.N. Junction is close to almost everything. This ready to occupy apartment is just 200 meters from Metro Station. The place is connected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya and connectivity to mini bypass & the seaport - airport road. Varma Regent’s luxury flats in Edappally is adjacent to all the prominent healthcare centres, hangout spots and other major commercial developments. Apart from the nearness to Lulu Mall, its easy access to Metro Station is an additional benefit of Varma Regent.
Read More
Is Buying an Apartment a Good Investment in Kochi?
Kochi is quickly becoming one of Kerala's most popular real estate and builders' destinations. Now Kochi, a tier 2 city, currently offers an ultra-modern lifestyle in addition to being one of India's most prominent IT hubs. Real estate is growing not only in the residential sector, but also in the commercial sector, as the city expands with cutting-edge shopping malls, hotels, and office buildings. If you are looking to buy apartments in Kochi, this is a good choice since it is easily accessible by road, rail, boat, and air from anywhere in the globe, resulting in the expansion of businesses and infrastructure in the area.Purchasing flats or apartments in Kochi, whether as an asset or an investment, is a major decision that requires careful consideration. When looking for a place to call home, one of the most important factors we consider is location. We all want to buy our ideal flat or apartment, complete with all of the current amenities.Benefits of Buying Flats in KochiThere are a lot of benefits to buying flats in Kochi, Luxury flats and apartments are the main trends seen in Kochi City, and most of them are located near the Kochi metro stations and important towns in Ernakulam.Kochi has some of the most reputable schools in the country. There are various international schools and institutions in the city that provide top-quality education. Now Kochi is a growing IT hub, with Info Park and Smart City, offering several job opportunities. And major services like hospital facilities, Uber services, and supermarket services are also accessible in Kochi. Families can also get great satisfaction from buying flats in Kochi because they can spend weekends in Lulu mall or other famous malls in Kochi, and also Kochi metro is there for their travelling purpose.In terms of investment, Kochi is a fast-growing city with limitless potential, and the need for apartments will always be on the rise.Smooth ConnectivityKochi has excellent connectivity thanks to the availability of all modes of transportation, including road, train, air, and water. With the introduction of the Kochi Metro Rail, the city's transportation has become even more beneficial. Kochi is the first Tier-II city to have an operational Metro Rail. Kochi's international airport terminal links the city to countries worldwide as well as Indian cities. Kochi is the preferred city for investors due to the availability of natural resources and excellent infrastructures, such as a large number of international and domestic flights, a modern and efficient airport, and a growing number of luxury and mid-range hotels situated in the city and adjoining districts.Vibrant LifestyleThe city has the most thriving lifestyle in the state, with malls and a multitude of entertainment, culinary, and recreational opportunities that are very attractive and mainstream. Kochi is one of Kerala's most popular tourist destinations due to its exposure to world-renowned athletic engagements, fashion exhibitions, and trade shows. Kochi is an emerging travel destination for many of the world's top vacation destinations. Kochi is also a desirable retirement location due to its temperate climate, beautiful coastline, and low cost of living.Return on InvestmentThe growth of the real estate market is attributable to the course of time, which gives you innovative and infinite ways to invest. Kochi has a shining vision down the road, with expansion and advancement that look compelling. Every investment is completely secure and will be good enough to justify it. Since India is a booming economy, it only tends to increase a property's rate of return. Selling it in the long term will only outweigh the investment cost. The longer an investment in Villas in Kochi Is retained, the more significant revenue is generated.IT Hot SpotIndia is in the initial phases of the tech revolution, and it is expected to speed up over the succeeding years. With the Infopark and SmartCity Campuses, the potent IT industry of the country has also made itself recognized in the city. Large multinational corporations (MNCs) from all over the world thrive here because the cost of doing business is low and workers are inexpensive. Homebuyers are also empowered in the emerging real estate market because builders in Kakkanad are constantly volunteering to think outside the box.Ample Employment OpportunitiesThe swelling number of businesses in the city has presented residents with increased employment options. The Kakkanad technological cluster and the Cochin Special Economic Zone (CSEZ) have become appealing locations for enterprises and businesses seeking to establish their base in India. The proximity of well-developed transport infrastructure and a large population of potential customers and partners has made the city attractive for businesses seeking to expand or start-up. The presence of large foreign corporations in the city has provided a good platform for the growth of the local employment sector.CostKochi's real estate market is attractive for flat or villa owners due to the low cost of ownership. Countless renowned constructors produce magnificent apartments with creative designs and present them at fair rates. Flat or villa owners can choose from various layouts and interior designs, including ones with a swimming pool or rooftop terrace. While the market for apartments in other megacities is flooded with high-rises and luxury apartments, apartment complexes in Kochi are popular among the locals for their amenities, affordability, and comfort of living.Also Read: Top 5 factors to consider while purchasing a flat that you want to resale in the futureTourism HubKochi receives millions of tourists annually, which is crucial in adding significant value to the city's earnings. It has historical pertinence and is a popular attraction for its coastline, lush countryside, and watersheds. Kochi is also visited annually by domestic tourists for cultural celebrations and festivals. The city's aspiration to become a prominent vacation spot provides a pathway for the skyrocketing demand for the hospitality industry and its ancillary sectors. Furthermore, the proximity of large international airports and the growing popularity of cruise tourism make the city an attractive destination for international visitors.Varma Homes is one of the famous builders in Kerala offering an array of choices for those who are looking for the Best Flats in Kochi. If you are planning to buy Budget flats in Kochi, I would say it is a wise choice. We have our projects in Kochi. You can trust and invest in our projects; our executives are always ready to help you. You just need to make a call, and we are there to suggest the best option for you. Your dream is just a call away!
Read More
How RERA benefits make buying an apartment the safest thing for you now?
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