The terms "new-launch" and "pre-launch" in the real estate industry refer to the start of a residential project's pre-construction phase. A housing project's pre-launch stage starts when the builder makes an announcement about their new project & begins selling them. This is the best time to purchase a home since it provides a strong return on investment. The main benefit of choosing a newly launched property is its cost-effectiveness. As you know the pre-launch rate of each residential apartment is generally low-priced to attract more buyers, read on to find other major benefits of new launch projects so that you can make a sensible investment decision.
To entice homebuyers & investors, most of the builders provide enticing discounts on pre-launched or newly-launched properties during the early phase of the project. The prices of new launch apartment projects are substantially lower when compared to projects that are under ongoing construction or ready-to-occupy projects. So, homebuyers can grab the opportunity to book a home for the lowest possible price. The buyer is also fully secure when purchasing new launch projects from reputed builders following the implementation of RERA. Thus, if you're seeking for a low-cost apartment, a new-launch project is the way to go.
Pre-launch property rates are fair & significantly cheaper than post-launch rates, which is one of the key advantages of investing in one. After the pre-launch period, the price increases due to a variety of variables, such as rising property demand, new development of infrastructure in the region, rising raw material costs, labor costs, revised legislation, and so on. Hence, it makes sense to block the project before the prices rise.
When it comes to picking a dream property, most purchasers consider garden-facing, sun-facing, easy accessibility (like near the lift or the lobby), & the view from the balcony, and so on. Buyers may get more chances to select the best home in its new launch project at a reasonable cost without sacrificing requirements. They might also request structural changes or specific interior finishes from the builder during its pre-launch period. So, early customizations or design changes in this phase do not need rebuilding, saving both the customer & the developer money & also allowing them to stay on budget. Therefore, one will get a good chance of getting their house customized exactly the way they want it if they choose a pre-launch project.
Purchasing a pre-launch property provides you with the unrivalled benefit of being able to book the home before the rates skyrocket. Investors are hurrying to get their hands on properties as the pace of urbanization picks up. As a result, investing in property during its 'new launch' phase secures your investment before the price rises, giving you an unfair edge. Buying a new launch property is thus a smart investment, not because you'll get a good deal on low prices. However, after the neighborhood has developed, you'll be able to resell the property for a higher price. Thus, buying a property during the launch phase might benefit homeowners in terms of both end-use and resale objectives.
So, these are the few advantages of property investing when it is in the early stages of construction. If you're a buyer or an investor looking to make a real estate investment, it's best to go with a new launch property due to the slew of above-mentioned benefits. However, you need to have a look into certain key aspects before buying one. They are:
· Invest only in a property from a RERA-registered project.
· Make sure you get a top-notch apartment from a reputable real estate firm. This will keep you from having to deal with any unneeded legal or financial concerns.
· Consider the project's location, as real estate prices in locations where infrastructure construction is underway are likely to soar. This means that the investors will gain more money when they sell the property in a few years.
· Before you pay the money, look over the legal documentation & the RERA registration number that the government has previously ordered.
Now that you're aware of the top perks of having a newly launched house, you may begin strolling through the broad range of residential projects offered by Varma Homes. We're a renowned real estate builder in Kerala that offers affordable housing projects as well as luxury apartments in various prime locations in Kerala, such as Kochi, Trupunithura, Thrissur, Trivandrum, & Kozhikode. With our years of expertise in the industry, we’ve become the most preferred brand for quality, reliability, & innovative apartment choices that deliver on time without compromising quality. Contact us to learn more about our options & to locate your dream house.
The housing concept has been changed massively in the present housing market owing to the desires & demands of the purchasers. Until ages back, a home implied acquiring land & constructing an independent house, however, in the current situation, a home is nothing less than a luxurious residence with all the conveniences & amenities. As you begin your apartment search, you'll need to brainstorm a rundown of ideal amenities your new home will bring. Picking a way of life of your own is something you can't face any risks. ‘Uncompromised’ is something that many top real estate builders in Kerala, like Varma Homes comprehend and respect. The interest for an individual space that you can call your own has consistently been a trendsetter, and nobody comprehends it better than Varma Homes, the most reliable and the trusted builder in Kerala. There is no denying that apartment life creates your life more relaxed & more enjoyable. As with our busy schedule, we often forget about peace & comfort for the well-functioning of our body, mind, & of course life. Hence, choose an apartment that has a comprehensive set of amenities that cater to your overall well-being. Take a glance at the apartment amenities that you must search for while selecting an apartment. Sports, Wellbeing & Recreational Activities Amid our bustling lives, it turns out to be simple for us to compromise our wellbeing. Anyhow, this can be effortlessly controlled if all the provisions are within our reach. Ie. Right from the swimming pool, gym, yoga hall, sports arena, spas, etc, ensure that your builder is giving you adequate amenities that will take into account your prosperity. Having these amenities after a restless day at your office is significant for leisure & social bonding to retain a healthy environment in society. Parking Provision Before finalizing a deal, it is important to check whether the apartment has a spacious reserved parking space that offers individual parking and separate guest parking to simplify the parking for residents. Typically, apartments with numerous units provide these, however, you need to affirm it. Aside from this, watch that there is a different parking spot for differently-abled individuals & ambulances. Similarly, ensure there is a suitable fire engine access way across the loft premises to arrive at emergencies (If happens). Well-designed Landscape Lavish and large lawns aren't just useful for your reviving yoga practice or morning walks, but on the other hand are an incredible spot to hold gatherings, events, parties etc. Including a lawn inside your apartment community is not lavishness, yet a need. Thus, ensure that your apartment premises have a landscape that is consistently available, and is constantly looked after appropriately. Clubhouse A carefully planned clubhouse takes your decision of choosing an apartment a bit higher. A clubhouse contains a banquet hall that comes truly helpful when masterminding your wedding anniversary party or child's birthday celebration, or any other special occasions. It gets troublesome and irritating to chase for banquet halls whenever an occasion occurs. So, having a clubhouse inside your apartment premises is an added advantage for the race of constructing happiness in your life. Security System & Power Backup This is an indispensable element of your apartment checklists. Your apartment should have a 24/7 professional security service with CCTV surveillance. Together with the apartment should also be equipped with an alarm system, intercoms, emergency buzzers, & top-of-the-line security installations to ensure that your apartment premise is secure. Additionally, make a point to check with your builder that your apartment has a proper power backup to support the electrical supply to save yourself from frequent power cuts. Play Area For Kids A secure play area for kids can work wonders to get your children involved with some physical activity. As much as studies, playing is fundamental for comprehensive development in kids. Meanwhile, most of the kids obsess over watching videos or playing games on tablets & mobile phones, urging them to go outside and play is a mission for guardians nowadays. But a striking, safe play area for kids is an incredible alternative to lure kids outside to play with the neighbouring kids. Hence, check with your builder if they would offer a play area, & make sure to check its quality if possible because your child’s safety comes first. Incessant Water Supply Water is life and getting a continuous water supply is one of the essential apartment amenities that you should deal with before purchasing a flat or apartment. Though the vast majority of the metropolitan urban areas are confronting water shortage and the apartment dwellers are struggling to get a legitimate freshwater supply. So, prior to picking an apartment ensure that there is an additional water supply accessible in the event of water shortage. So, if you are looking for an apartment, make sure you get all the amenities you will need to make your new space feel homey & lively. Being the most trusted builder in Kerala, Varma Homes, have high-end apartments projects in the prime locations of Kerala like Thiruvananthapuram, Kochi, Tripunithura, Thrissur and Kozhikode without any compromises for the convenient and modern amenities to ease life for residents. So, go ahead and take your preferred pick from our array of high-end apartment projects where you get comfort and convenience at its best!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
Lush greenery, spiritual aura, and delightful cultural displays within a safe and peaceful environment sound quite pleasing to your senses, doesn't it? Frankly, this is what the glorious city of Thrissur, the cultural capital of Kerala, has to offer. It is a city that’s emerging as the trendiest spot for residential properties due to certain winning factors. Learn why this boost and high rise in demand are happening.The Central BridgeThrissur is like the frosting on the cake because of its position in the center. North and South Kerala are connected by Thrissur, which acts as a bridge. Given the geographical location of Kerala's cities, not every city can claim to have easy access to the majority of its flats and apartments. It is simple to commute to different regions of the state as well as neighbouring states from Thrissur.FacilitiesLiving in an apartment in Thrissur puts you in close proximity to key facilities that a family requires. The neighbourhood provides easy access to major shopping facilities, commercial centers, medical facilities, schools, and colleges. Well-known landmarks and religious centers are close by, so you can re-energize your spirits. The railway station and the airport are also easily accessible. People who reside in the flats here have access to these amenities whenever they want. Excellent InvestmentDue to the fact that Thrissur is a thriving business center where thousands of people come in seeking work, there will always be a demand for real estate properties to rent or lease. As an investor looking for a consistent source of income, buying flats in Thrissur will provide a favourable cash flow. Return on InvestmentThrissur is a constantly developing region, and investing in its future is a solid bet, since the growing economy will only help your property's return on investment. If you decide to sell the property in the future, the price will only rise, and the longer you keep it, the bigger the profits will be. Favourable weatherThrissur is a green and sustainable city, noted for its economic development, environmental promotion, and conservation. It also enjoys the nicest weather, which appeals to potential property buyers. The steady temperature of the city helps towards the comfort and stability of modern life. Rich Cultural EloquenceThere is the added benefit of a rich cultural atmosphere in Thrissur, which is known for its festivals and celebrations. The Thrissur Pooram and Vadakkumnathan Temple attracts visitors from all around the world. The district's cultural significance makes it one of Kerala's top investment opportunities. A flat in Thrissur might be a great place to spend the holidays. Thrissur's properties are in great demand during festival seasons, with visitors and tourists flocking to the city. It can be used as a cost-effective solution by a person or rented out. Safe & De-stressing AtmosphereThis district has a wonderful ability to relax and calm people. Get away from the hustle and bustle of cities, pollution, violent crimes, monotony, and meaningless existence. Aside from that, this city is a secure location to live. The district is considered one of the safest in Kerala and South India. VARMA SPECTRUMVarma Homes invites you to take advantage of all this boon happening in the magnificent metropolis of Thrissur with Varma Spectrum apartments! Varma Spectrum is located in Poochatti, with its wonderfully composed first-rate construction, reflecting the enthusiasm of the location, which is near the NH bypass and Bhavan's Vidya Mandir. With a proven competence in delivering dream apartments in Kerala, built with state-of-the-art construction ideas and world-class amenities such as a fitness center, furnished lobby, library, and indoor play area, we thrive to provide you with the best. At Varma Spectrum, you are going to enjoy a trailblazing lifestyle. It is an essential asset for people looking for the greatest luxury flats in Thrissur that provide more than what any resident desires. Therefore, if you're seeking a unique living experience with globally acclaimed facilities, abundant flora, and a relaxing atmosphere, look no further. Thrissur, Kerala's cultural capital, is the hottest, happening place to own and live life. Seize the opportunity to call Varma Spectrum your ideal home, which is nearing completion by August 2022. To know more about this project, please visit our website or call us at +91 9539 29 33 33.Read More
Purchasing a house is a major responsibility & it will be the greatest buy you make in your lifetime. Purchasing the correct one takes a great deal of time and research to find a property that matches with your long-time dream home requirements. Obviously, there is the challenge that ties in with finding a house which you can afford & enjoy for quite a long time to come. Also, it might be ideal if you save a cradle sum for a few different costs that are engaged with home purchasing. We are not mentioning the initial EMI costs or down payment that you need set up prior to booking your home. On the whole; here we are discussing different costs apart from home purchasing. Registration & Stamp Duty charges: There are registration & stamp duty charges that you should pay against your property. These charges become judged based on property value. Stamp duty is a mandatory payment that the purchasers give the government to register the apartment in their name. Registration and stamp duty charges in Kerala is typically 7 to 10% of the whole property cost. Maintenance Charges: Apart from registration charges, you should save some additional cash for the maintenance costs that you need to pay the builder. It is primarily a fee for maintenance of the amenities & facilities provided by the builder. Real estate builders usually take as long as a year's maintenance charge at the time you move into a new apartment. The maintenance costs fluctuate from one property to others as it relies upon the type of amenities it offers to the purchaser. Parking Charges: As well, there are also parking charges. You should pay an extra sum for the assigned parking area. In housing buildings, each flat or apartment benefits with a selective parking spot with your home number imprinted on it. You will bear an additional charge for it at the moment of purchasing the apartment & gain with problem free & easy parking each day. Property Tax: Another cost is the tax you need to pay against your property to the state government. The amount of tax depends upon your property value & it can vary from one state to another. Accordingly, you can get the estimation done in the initial stage itself. Even though you may the alternative of paying this amount on a month-to-month basis or quarterly or yearly basis. Interior Costs: Once you purchase your own home, you will have a plan to design it in your own way. For this one, you have to spend some amount in getting the interiors done as per your requirements & preferences. This spending can charge quite a fortune relying upon the specific nature of interior work being embraced. Preferential Location Charge: It is an additional charge that gets required when you book a flat or apartment with a specific location, floor & view. You may have to pay an additional cost for a home with a lake or garden view. So preferential location charge is an extra charge which every builder will impose & it will vary with the builder. Apart from this, you will likewise need to save cost for moving your things from the existing area to the new apartment. That is relocation cost, for this you should save some additional cash for the movers and packers services that you profit. So, when it comes to purchasing a house, you have to think about the above-mentioned costs and should have a different financial plan for it. If you are wanting to purchase an apartment from the most promising real estate builder who will clarify you about every costing associated with home purchasing, then trust Varma Homes. Being the top & most demanding real estate builder in Kerala, you can completely trust Varma Homes for your dream home, which will definitely be worthy of your hard-earned money. We do charge these costs yet we will inform you concerning each cost, & you can choose the property likewise. You can select your dream home as per your requirements & budget from our different residential projects in Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode. You can learn more about our projects on our website and connect with our team today for making your lifetime deal with us!Read More
In the city of most up-to-the-minute events, Kochi, you can earn a bit more if you make the right investment. If you have just moved to Kochi, this is a great way to learn why Kochi stands to be the best city to settle or invest in.Lots of pre-launch, upcoming and ongoing Flats in Kochi for Sale in Suburbs will be constructed to fulfil the desire of the customers who would like to live in an ultra-modern city and get all types of facilities in the tier II city like Kochi. Real Estate Kochi is incorporated in the first position when compared to the other metro cities in Asia and it is not just working with residential projects but also putting hands in commercial projects of IT Sectors, trendsetting shopping malls, business houses which are situated across the entire city.You always do not need to own a fortune to make more money as such silent, passive income sources will fetch your earnings even while you work elsewhere. If you are ready to think about investing and selling flats in Kochi, scroll over!High-Quality Building StructuresIf you are looking for a new flat, you will first look at the strength and credibility of the builder you invest in, right? Now, in the case of quality and premium flats in Kochi for sale, they are bound by strict quality measures of construction quality. Unlike the big metropolitan cities, where everything goes through stringent procedures before the flats are delivered to the customers. Owing to the climatic differences, the builders make it a point to bring in solutions that will solve the stress of flat owners at any point in time. Since the focus is on investment, quality builders make sure to build a lifelong promise of strong structures in Kochi.Legal WorkBy buying or selling a flat in Kochi, you can be assured of getting all the right papers in your ownership. This is because as per the rules, builders pay the necessary taxes and all other dues. This ensures that more than half of the background study for your investment for a flat in Kochi is done right. If the flat owner is in the custody of the right documentation, then you can also pursue a smooth sale. If you do not have the proper papers, which would lead to unnecessary complications like sibling fights, or flat inheritance. In Kochi, the people are pretty sure to get everything in print and that helps you to cross-check the details.Passive IncomeThink about your retirement plan. We all need a source of passive income. For example, the spacious flats in Kochi are a great source of attraction for those who love to sell out homes to foreigners. Over the years, since the living costs are rising, selling the flats is a viable option and then again making a buy soon. This allows investors to keep the money rolling and the investment will grow your bank balance too. Note that there have been many retired professionals who have come back from the UK, USA, and even Africa and they have been able to enjoy their retirement life in Kochi with this glorious sale of their flats. So, if you are earning an income now, you should try to save up and invest in one or two flats that are affordable to the people.Wonders of Nature & ClimateKochi is known to be a place where the climate is just awesome. This is one of the reasons why a lot of eco-friendly tourists gather in Kerala every year. Kochi is the first point from The International Cochin airport where tourists can get down and connect with the most iconic hill stations in South India. A great climate is one of the major factors that keep people coming back for a permanent settlement. Also Read: What are the common mistakes to avoid while investing in real estateScope for GrowthNext time you opt to search for flats in Kochi for sale, you must understand that this is a great decision in your capacity. Kochi is a city that is growing fat, expanding in terms of business and development. Today, this is one of the most preferred spaces for start-ups and that means there is a fabulous amount of inflow and outflow of money. So, if businesses are to start, the owners or rather the founders would love to invest in a permanent living flat rather than rentals every day.So, this is your golden chance to sell your flat and build your secured source of income. We don't say that you should stop there. You can always reinvest and buy new premium flats in Kochi for a quick sale. Price of Property in Kochi is appreciated very quickly and the Real-estate Kochi is nearly as good together with the high rises of huge cities around the globe named Shanghai, Singapore, The big apple, Moscow and London. Return of investment is profitable here.Read More