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STEPS TO SPEED UP THE HOME BUYING PROCESS
The home buying process isn’t an easy chore. The process can be lengthy, yet it doesn’t have to be overwhelming. When you start, it can feel as though truckload tasks are standing in your way of moving into your new apartment. However, the home buying voyage can be fragmented down into six simple steps to speed up the process to get your home faster.
Check Your Credit Score
Most people who are planning to buy their dream home, usually opt for a bank loan to subsidize their land dreams. To get your loan approval procedure in a short time, it is consistently a smart thought to check your credit/CIBIL score on the web. Your credit score plays an essential job in getting your home loan approved. A high credit score denotes that you have no outstanding loans or regularly scheduled installments. It likewise helps in processing your home loan procedure rapidly as banks always give prioritize to high credit score holders.
Educate Yourself on Types of Home Loans
Meanwhile you identify your credit score and have grappled with the way that you are qualified for a home loan, it is significant that you instruct yourself on the kinds of home loans accessible and the coverage you will get as an applicant. Based on your financial requirements you can also opt for either a fixed home loan or floating home loans.
Start Looking for A Home
Before you get ready to visit construction sites of apartments & examine shortlisted properties, first set your desired locality in mind. Then look at the real estate hot spots in your town and discover the edges of your city for the best deals. Also keep in mind that, you have to settle on a locality which furnishes you with all the social conveniences and amenities required for a trouble-free life and also comes within your price range. It is additionally critical to look at the appreciation rates of the zone and take a glimpse at the entire buying process from an investment point. Sifting properties according to the region will spare you a ton of time and keep you concentrated on your inquiry.
Choose the Right Builder
To speed up your home buying process, it is always a great plan to choose a credible builder. As, the most trusted real estate builder will definitely provide the best quality in terms of quality of material used, service, architecture and ensure hassle-free transactions. Because your entire life’s savings are going into your real estate buying, so you must compare, analyse and pick a builder who is the best amongst his competitors and is delivering what suits your requirements. Varma Homes is one of the leading real estate builders in Kerala with a reputed brand name & a plethora of finest apartment projects.
Sign the Contract After an In-Depth Inspection
Before you sign the agreement, ensure all the legal documents are in place. These records incorporate obligatory papers like the occupancy certificate, sales deed, & the recent tax receipts. You can verify all the documentation carefully through a lawyer and ensure that there are no imperfections found in the apartment and should do a last-minute inspection before finalizing the deal.
Close the Deal
After all investigations, confirmations and payments, the time has come to close this deal. Ensure that you get total ownership of the property and have it enrolled under your name. Make sure every legitimate cost like registration &stamp duty is paid for a smooth exchange of possession.
Wrapping up
By now, you know precisely how to speed up the home buying process, head out to Varma Homes for premium apartments with a range of amenities. We are constantly excited about delivering excellent apartments on time with our full efforts. As we realized that home purchasing is a significant investment of your lifetime, and you would not need to take any risks. Every Varma Homes creation is one-of-a-kind, and emphasize in constructing happiness for residents. We strive to not only surpass but uplift expectations. So, we have confidence in making real experiences that ought to be worth for your cash!!!
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Buy An Apartment In The Cultural Capital Of Kerala, Thrissur Which Never Disappoint You!
It will be an ideal decision to realize your dream about having a lovely apartment in the peaceful and cultural heritage place of Kerala alongside a profitable investment. For this, Thrissur, the cultural capital of Kerala became the perfect place for leading a desirable & peaceful life along with relishing all the modern conveniences. It also has a quickly developing infrastructure backbone that drives its economy & flourishing realty market. So, with this rich & unique cultural heritage, the land of festivals is also one of the thriving commercial centers in Kerala, drawing people with its budding demands for residential apartments in Thrissur. Here are some advantages that individuals can enjoy when they decide to invest in an apartment here. Accessibility Few out of every city in Kerala can guarantee the supremacy of having most apartments that give easy accessibility to the city's greatest milestones, attractions, & other utilitarian spots. Being an exception, Thrissur is positioned as the best city for easily accessible apartment living. The neighborhood of Thrissur also eases hasty access to business centers, major shopping facilities like city centre & Sobha city mall, medical facilities, schools, colleges, and other popular landmarks. Starting an investment in Thrissur implies that you are quite often ensured a home that is near the closest significant landmarks. Cultural Factor Thrissur stands as the highest foothold among the significant real estate investment spots of Kerala due to its cultural richness. As it is holding the entire world's allure for its well-known Thrissur Pooram, the festival & festivities which upsurge the worth of the place, & owning a home in the cultural capital of God’s own country can pay off as a pride factor. Appreciation of Property Value From a pure investment angle, investing in apartments in Thrissur is undeniably a smart choice for any aspirant landowner. Since the city is a cultural & developing commercial center, the demand and the worth of the property are always on the rise. So, when you purchase an apartment in Thrissur, it is an asset for you, & you will get a deal of property value appreciation. A Peaceful Retirement life Proximity to Cochin International Airport (approximately 50 km), good connectivity to its neighboring spots, & above all its cultural heritage makes Thrissur the desired place for any Malayali who is focusing to get back to their traditional roots in a forever residence that guarantee a peaceful retirement living. Steady Source Of Income Apartments or flats are progressively popular among the individuals who are searching for accommodation on lease. Hence owning an apartment in Thrissur can be a steady source of income as it is considered as the major commercial & business core of South India where a lot of people come into work. Ease in Buying & Selling With an ever-increasing demand for apartments, Thrissur contributes a lot of extensibility regarding purchasing & selling your property. Here you can discover enough buyers & sellers when you place the apartment up for sale. This is due to the resale value the location has. These are some of the reasons why apartments in Thrissur offer a sensible investment. Whether you are looking for a luxury apartment for you & your families, here is your perfect choice of apartments from the house of Varma Homes, the most reliable builders in Kerala. We have already landed our footsteps in Kochi, Tripunithura, Thrivananthapuram, Thrissur, & Kozhikode. When it comes to Thrissur, we have presently two apartment projects. Varma Spectrum, 2 & 3 BHK luxury apartment project located opposite to Bhavan’s Vidya Mandir Poochatti and close to NH bypass. This is an ongoing project and the work is progressing in full swing. You can also visit the model apartment at Varma Spectrum before buying. The other project is Varma Signature which is located near Jubilee Mission Hospital, Ancherychira. This is a new launch project and the bookings are open. For both the above projects you will not have to sacrifice amenities or accessibility but can discover yourself living in a peaceful & calm environment moreover you will get guaranteed happiness. With its unique peculiarities, our apartment projects in Thrissur could be your opportunity to actualize an ideal home in the temple town. For more information on our apartment projects contact us now!
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The Future of Real Estate in Trivandrum
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.
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Top Reasons to Invest in a Ready to Occupy Apartment
Picking the right sort of home to live in is one of the greatest and hardest choices you should make. As homes are viewed as long haul investments, you should be sure that you've picked the home that is most appropriate for you and can fulfil your family's needs. When it comes to purchasing an apartment there are usually three kinds of apartment you can select from such as pre-launch, under-construction & ready-to-occupy apartments. Ready-to-occupy apartments are getting profoundly searched after nowadays, because of the various advantages a property holder can profit. Have a look at some of the benefits of investing in ready to occupy apartments. No Waiting Period When you invest in ongoing projects, you may have to wait for a longer period than you expected. This delays usually happen due to various reasons. But when it comes to ready to occupy an apartment is that there is no waiting period. The buyers can directly examine their apartment and there is no need to go through the brochures to get a notion of how the apartment will look at the end. That is, we can enter in our apartment at our needed time without having to deal with frustrating delays in pre-launch type. You Get What You Pay For When a property is under construction, the purchaser needs to make suppositions on how the apartment project will turn out, in light of the floor plans & master plans. It is a little bit difficult to visualize the specific unit bought & the qualities of the amenities. In ready-to-occupy flats, you can experience your home and see the layout from each room. The quality of the project can be fully experienced with our eyes and then the investment can be made. This will guarantee that the investment will not go bad anyway. Also, another advantage is there are no surprises in ready to occupy apartments. Get Rid of Rental There are chances that individuals purchasing apartment might be living in leased homes. The individuals who select the under-construction projects should wait for a longer period. But for individual who opting ready to occupy apartment can move into their new home as quickly as time permits. This will assist them with saving their lease cost. Numerous individuals who are paying high rent or journeying far for their work tend to buy the ready to move flats since they need a quick break from the high rent or travel cost. Purchase Within Your Budget In ready-to-move flats, you can choose a property reliant to your budget preferences. You get ownership instantly after paying the necessary cost for the apartment. There is no way of expanding the cost of the property, in contrast to properties under-construction projects. Free of GST Ready to move flats are not under the limits of Goods and Services Tax (GST). So, you can avoid taxations completely if you opt to purchase a ready-to-occupy property. However, if you have purchased your property with a home loan, you can guarantee tax benefits from the exact year of purchasing the property or getting the ownership. Get to Know Your Neighbours In a ready to move in apartment, you can identify who your neighbours are, what kind of community, what they do, where they work, whether they are approachable and much more. The society you stay will definitely create an impact on your kid’s lifestyle too. Grounded on all the points mentioned above you can choose on whether to stay in this society or not. So, ready to occupy property grants you the odds of selecting the environment that you wish. No Pre- EMI Ready-to-move-in apartments don't need pre-EMIs as you will be paying EMI for something that is totally in your possession. In case, if you are planning to take a home loan then ready to occupy apartment aid you from not losing money on pre-EMI charges. As you would know, EMI comprises of your loan amount and interest components. These were a few of the benefits of purchasing ready to occupy apartments. If you are in the market for a new apartment, then enquire with Varma Homes today. We offer a range of projects at different locations of Kerala like Kochi, Thrissur & Trivandrum and is well-known for designing and developing homes that are reasonable and imbued with a host of cutting-edge amenities. If you are looking for any ready to occupy apartment at Kochi, Varma Homes has 2 projects to offer – Varma Padipura and Varma Maalika Block II. Varma Padipura is nestled behind Kalikotta Palace, Tripunithura, Kochi. Away from the hustle and bustle of the city but gives you sound access to all modern conveniences that today’s world demands. It offers high-end apartment amenities and easy accessibility, which stand for top-notch quality and luxury with the essence of life. Varma Maalika Block II is located at S.N Junction, Tripunithura. This project is just 200 meters away from the Kochi Metro. Both the projects have completed ahead of schedule. Choose your apartment and start living at your dream home in Kochi. Ready-to-Move- in Apartments in Kochi! Hurry Up! Only A Few Units Left…
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Top 8 Things To Consider Before Buying An Apartment In Kerala
A home is an utmost investment that you have made in your life. So, when you are planning to purchase a flat or an apartment for yourself and your family members, you always need to put in some extra care and effort. People usually purchase or buy a flat either by seeing some advertisements or getting recommended by others or being influenced by google search results. But a plethora of studies have claimed that many companies do some cheap or inferior quality promotions only to entice customers towards their projects. When it comes to the handover phase, they hardly provide them with any modern amenities or use very inferior quality materials for construction. So, it is always recommendable that as a buyer you should check thoroughly before investing a single penny in a property.Location's everything for a home.The paramount concern when you relocate to a new home should be convenience. The location of the home should place you near your workplace with urban conveniences like shopping and public outlets when within walking distance.AmenitiesYou also need to check whether your apartment is equipped with all new amenities (gym, swimming pool, indoor games area, banquet hall, fire extinguisher, etc.) or not. So, put amenities in your flat purchase checklist.ConnectivityConnectivity is another prime thing to check before buying a flat in Kerala. If your apartment is well-connected with retail shops, hospitals, schools, bus stops, and medical stores, then everything will become easier for you.Sense of securityThe security arrangement in an apartment complex will ward off all unwanted salesmen, beggars and suspicious strangers. Even if the family goes out of town for a few days your home will be safe and secure.Builder's BackgroundMake a checklist before buying a flat and make sure, this one tops the list. Whenever you look for a flat, do a background check of the builder or the seller. Make sure everything is legal. Make casual conversations and find out about his life. How a person earns his bread says a lot about him.Most importantly, legal documents need to be checked before buying a flat from the builder. This is to minimize any sort of legal drama that may occur. When it comes to documents and police work, the case may stretch for years. And you do not want that over your head.The Area The next important thing to take notice of is the locality of your house. Kerala flats are located in rather neat areas but you need to make sure. What helps a lot is talking to the neighbours. They will be able to provide the best information about the current owner. Additionally, check if the place is too noisy for you and if it matches all your standards. Once you buy the house, there is no turning back. Therefore, it is wise to make a 'before buying a flat checklist'.Outdoor AreaIf you have children, then before purchasing a flat you should check whether it includes any outdoor area or not. Because children love to play different outdoor games and for that, they need a spacious and airy outdoor area. Moreover, if you have a large and open outdoor area, then you can also do some physical activities which are very wholesome for your health.You can't choose your relatives. But the neighbours you can.Where you live is at your sole discretion. When you relocate to a new home make sure the neighbourhood is of your social status and liking. The community you live in will be of your liking. Your children will have good company to play with.Every housing project looks beautiful on paper. Before you buy a home from a builder, inspect a few projects of the same builder to understand the quality and standards they offer. Better still, ask some residents about living standards. Because you don't buy a home every other day.Varma Homes in Kerala is one of the most prominent home builders, who have completed 18 + luxury projects across Kerala. We value customer happiness above all. We envision a clarity in our thought processes which would eventually pave the way to build quality homes delivered on time and aspire for the betterment of the environment, the general public, and our business. Contact us and enjoy your relationship with your dream home builder.
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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.
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