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Top Factors That Drive the Real Estate Price Growth
Now we can see a trend that a person’s most wealth portion is usually invested in the real estate market. This is because of its size and scale in the niche market, which gives more lucrative and attractive offers to investors. Hence, the real estate market is up surging day by day. Various factors affect to decide property costs. Read this article to get a fair idea about the factors that affect the real estate price.
Demand and Supply
As we know that demand and supply are the two economic forces that determine prices. That is, high demand with low supplies denotes high prices and the low demand with high supply denotes low prices. This means when the availability of properties decreases the costing of the current properties increases. Alongside a growth in the number of occupants possessing a specific area, the popularity of an area regarding individuals longing for living there, likewise drives its cost.
Fiscal Growth
A purchase is reliant upon the income of an Individual. When one has higher fiscal growth, rising salary, he has the choice to spend his income more on his houses; this will build demand and drive rates. The demand for a property buyer is reliant on flexible salary & hike in wages whereas the downturn denotes the falling livelihoods of a person who can’t able to buy and who loses their job may fall behind on their home loan instalments and end up with their home reclaimed.
Customer Trust
When it comes to making real estate investment, confidence in the real estate laws of the land is a significant factor. After the RERA implementation, the real estate laws supported the advantages of purchasers and made firm provisions against developers & agencies attempting to mislead the client in any manner. This improved the real estate properties sales across India.
Infrastructural Development
While searching for purchasing an apartment in Kochi, Trivandrum, Thrissur or anywhere else, a homebuyer must pay key attention to the infrastructure of that specific area. A region that has a rationally great infrastructure has seemingly greater chances of being picked by a buyer and the property price additionally shoots up. Accessibilities like accessible roads, proximity to hospitals, shopping complexes, schools, workplaces, metro rail underway, etc. all these factors considerably tend to help raise property prices.
Customization
The real estate worth gets higher in the case of builders undertaking customization of residential apartments based on the client’s prerequisites. For example, a few buyers may desire to have big the balcony attached to their bedrooms, or other distinct alterations.
Home Loan Charges
Present Home loan rates can likewise remarkably affect property costs. At the point when the interest rate for housing loans are high, it lessens the demands for a property since it makes borrowers hesitant to go through additional cash over the high-interest charge. Also, when there are lower interest rates for loans, then the demand of real estate increases.
So, before finalising on the property purchase choices, every single buyer should examine these drivers to get a sensible evaluation of the apartment that interests them. As various factors influence the real estate price rise and all these must be paid attention to while setting funds in purchasing an apartment. Careful examination and research are essential for better returns, profitable investment and painless liquidity. You can also contact us; Varma Homes, one of the best builders in Kerala to know about our upcoming residential project prices. Being the most reliable builders in Kerala, we have various ongoing residential projects in the prime regions of Kochi, Thrissur and Trivandrum. We always focus on all our clients’ desires, needs and safety while investing in their dream home with Varma Homes. So, don’t mess with the rest, trust Varma Homes- Simply Unique, Simply Better & Living to Design Safer Homes!
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The Better Long-Term Option? Living On Rent Or Owning A Home!
Owning a home is a big dream for each & everyone. It is just much more than just a roof & four walls. It blows up a range of emotions and feelings in us. No matter what size or shape your home is, the thought and feeling of home can mean varying things to various people. The sense of safety & security you get from owning your own home is the most prominent & difficult to explain. Read the article to know the best reasons why you should opt for owning a home rather than renting. No Landlord Hassles When you own a home, you are the controller. You do not have to deal with a landlord for any minor repairs or make any changes to your home. Living in a rented home means you are fully dependent on the landlord for water, electricity, maintenance & even to hammer a nail in the wall. Freedom & Emotional Security Buying a home renders added comfort, security & privacy, not only to you but also to your entire family which is a simply irreplaceable experience. Also, the decision to extend, renovate & utilize the space as per your liking is always with you & you don’t need any permission. So, when you have a home, you are your own boss at home! Easy Financing Options & Can Avail Tax Benefit With the availability of a simple financing option, home buying is effortless now. Here you don’t need to wait till your 40s & 50s to collect money for owning your dream home. You can easily acquire it in your 20s & can be the proud owner of a fully paid off house when you turn 50 or even earlier. Hence, when you want to purchase a home by availing a loan, you get capable to earn the tax benefits on the home loan principal & interest you payback. These gains add up to a reasonable deal, in possessing your home. A Chance to Rent It Out Owning a property gives you a major edge that you can rent it out to someone after a point of time to return your home loan. This is possible if you are buying a ready to move apartment. By doing this you can save some money & let the tenant pay your debt over monthly rent rather than paying it from your wallet. An Investment When you are adapted to remain in a particular town for extended periods, having a home will definitely give you a feeling of peace, closeness & help you to connect to the town easily & its way of life. Also, undoubtedly in future you will get a good return value of your property. As we know, over time the costs of property normally increase. Besides, owning a home provides the security of a hard asset simultaneously with guaranteeing monthly cash flow. Likewise, the security of one’s own home in uncertain times can be also a blessing & lessens stress & anxiety. If you pause your home buying process, it will end in having to spend a higher amount as you are forced to pay rent over an extended time. No Uncertainty With your own home, no fear or anxiety is caused by the chance of an untimely end of the lease agreement by the landowner. Moreover, there are no other annoyances like renewing the rent contract every year & negotiating on rent regularly. For the above-mentioned reasons, it is clear than the benefits enjoyed by a house owner are far better than an occupant leasing a house. As you don't require to compromise on various aspects such as location, spaciousness, amenities & much more whereas by investing in your own home, you can simply ensure that your preferred property satisfies all your aspired expectations. Yes, it’s true that sometimes toward the start of purchasing a house may show up as a difficult task, but at the end, you will get a beautiful home of yours & you can give your family a secured life as they deserve! If you think you’re ready to start your journey towards homeownership, then no worries! We are here! Being the leading & the most trusted real estate builder in Kerala, Varma Homes has helped people in purchasing their dream homes. We guarantee we can meet the top-notch quality, safety standards, on-time project delivery & complete client satisfaction. Currently, we have presence in the prime locations of Kochi, Tripunithura, Thiruvananthapuram, Thrissur & Kozhikode. Here you can experience luxury, endless view & outstanding amenities at the apartments of Varma Homes & all are uniquely designed to get our clients like you the feeling of endless happiness. So, take your favourite choice from the house of Varma Homes for realizing your dream home. Get in touch with us to know about our ready to occupy and ongoing apartments in your favoured locations. Say no to rent & Yes to Complete Ownership of Your Home with Varma Homes!
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Things to Remember Before Buying an Apartment
Buying an apartment or home is everyone dream. Maybe owning a home is your years of planning and saving, so it is not fair to take a final decision in a hurry. There are certain things to keep in mind before purchasing an apartment. For purchasing an apartment some might take a loan from bank, followed by periodic instalments rolling out of your revenue, you need to be more alert. Though there are certain crucial factors to be considered while buying a new apartment, they are location, price, etc. Let’s check out the essential documents necessary for this and you are required to keep all possible points in mind before you take the leap and make a selection of your dream apartment. Property Worth The fixing of the budget is the first step for selecting an apartment, If you correctly know how much you can spend to buy an apartment, it will be easier to shortlist the house according to your budget. So when you plan to buy an apartment you need to compare the property prices of various builders and get an idea about it whether they are offering genuine prices or not. You can undoubtedly approach Varma Homes since we offer genuine prices for our apartments. Land Record The land where your apartment is constructed is also crucial while considering your purchasing decision. You need to research about the topography and soil quality of the land and also check whether the land is cleared of all the dues and properly registered or not. Apartment Location Location is also important while purchasing an apartment. The apartment must be in a secured and safe place since we are expecting to live in a peaceful area that should be free from all troubles. The amenities and the physical infrastructure of the selected apartment need to be checked. All apartments of Varma Homes are ideally located in major cities like Trivandrum, Thrissur and Kochi, So you do not worry about the safety or other related factors when you choose Varma Homes apartments. Financing Banks When you are planning to take a loan from banks for buying an apartment, then this is the best time since various banks offer different customized options with low-interest rate home loans for customers. They provide customized solutions for their customers who have approached them for granting home loans for fulfilling their dream of buying an apartment. In short, purchasing an apartment is an important decision you would take in your life, so you have the obligation towards your family and yourself to look into all the above considerations before buying your dream apartment. Varma Homes is the leading and trusted builder in Kerala offering new luxury apartments, budget-friendly flats and residential projects in Kochi, Trivandrum and Thrissur, which are designed to build happiness. We believe in bringing happiness to you with our exceptional services and offer you with an innovative range of apartments and flats that tie up with your requirements, If you are looking forward to buying apartments or flats in Kochi, Trivandrum and Thrissur, look no further, Catch Varma Homes, the pioneer builder in Kochi, give us a call, We are waiting to hear from you!!!!
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Which One Is Better: Apartment Or Independent House?
Are you dreaming about owning your dream home in the heart of a city? But confused if you should invest in an independent house or an apartment. Here are some of the points that will help you to choose your dream home. Choice of Locality In a metropolitan city like Kochi, we have seen that the accessible open spaces are getting depleted by real estate builders and their projects. This is because of a major number of people moving into the city and hence their increase in the demand for houses. But the lack of space availability is the major concern to those people who like to find a house close to their workplace, kid’s schools, hospitals or other accessibilities in the heart of the city. So finding a plot to build your own independent house might be a tedious chore. Instead, you can be able to find a huge number of choices in apartments across the city. So it is very easy to find a dream home that meets all the essential requirements of city life like proximity to the office, schools, hospitals, shopping malls and other social infrastructure. Ready Availability vs. Flexibility When you construct a personal house, you've got the freedom to decide on the planning, entire construction of the house and in future, you can easily upgrade it upon your tastes. However, with apartments, you might not be allowed to form any alterations to the most construction. You can, however, prefer to splurge on the inside style to convey it your personal bit. If you build a home on a plot it'd take a substantial quantity of your time for the development to be completed. In terms of the apartment, if you select a reliable builder with RERA registered you've got the peace of mind that you simply would get your home among the stipulated time. And with apartment, you merely need to pay the worth of the property and also the builder would beware of all the construction work and timely delivery. You do not have the trouble of finding architects and contractors to assist you to build like individual homes. Amenities Most apartments offer a variety of amenities to its residents. They are swimming pool, fully automatic lifts, clubhouse, health club, water filter, sewage treatment plant, solar energy utilization, children's play area, rooftop party area, intercom facility, video door phone, surveillance camera, fire fighting system, caretaker’s room, driver’s room, provision for 24 hrs lift, power & water supply facility. So purchasing an apartment property comes with these added values whereas an independent property needs extra effort for setting up of these services. Moreover, various housing projects also deal with additional on-call assistance like housekeeping, laundry, medical facilities, electrician, plumber, cooks and others. Whereas in case of an independent house, a homeowner is needed to take a considerable amount towards putting in these facilities and its maintenance. Privacy vs. Safety There is no doubt that the privacy that a personal house offers is kind of one thing. This is not meant that apartments are lacking. But the common areas in the apartments would be accessible to all the residents. However, one key factor draws most of the home consumers to apartments is round-the-clock security. That is apartments come with 24*7 manned security guards, surveillance cameras and monitored visitor management system. Also, living in a community adds to the safety factor as having a lot of neighbours around will solely helpful within the event of an emergency. Home Loans If you are applying for a home loan then it is easier to get the home loan for an apartment over any individual home. The lending is difficult in the case of independent properties whereas apartment housing projects have pre-approved loans from lending institutions which make it easier to secure home loans. Read more about pre-approved loans in our article “opt for pre-approved home loan & take a step closer to your dream home” & know its benefits. Resale Value Nowadays the demands for apartments are very big across major cities. Even in smaller cities, home consumers prefer apartments over individual houses. This shows that resale of apartments is likely to be easier over independent houses, further bringing greater resale value. Tax Benefits When you decide to take a home loan to purchase an apartment, you are entitled to tax benefits. When it comes to individual homes, the residents will avail a loan for the purchase of land besides as construction of the house. However, tax exemptions can't be availed solely on the acquisition of the land. It is difficult to say which one is better, as each has its own pros and cons. So the decision must be based on the choices that would suit you and your family. It is clear that based on the current housing scenario, it is more sensible to choose an apartment complex than an individual house. Are you searching to buy the best apartments in Kerala? Then you can get in touch with Varma Homes as a pioneer in real estate industry, we offer high-end amenities to all our apartments in the major areas of Kerala like Kochi, Thrissur & Trivandrum which helped many buyers to reach on your dream home. Visit Varma Homes to know the exact details of all our residential projects and select the best from it. So weigh all your options and connect with us to book an apartment in your favourite location to lead a happy and comfortable lifestyle.
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High Tech Amenities Offered in Real Estate
It’s common now for most residential properties, luxury or otherwise to come equipped with a host of fully loaded high tech amenities that make personal living experiences more convenient and super comfy whilst simultaneously weaving in work and business expediency. Features such as business bays, fitness centres or concierge desks are now considered as given conveniences that are a must for the exacting demands of residents. In fact it’s not unusual for residential properties to resemble more on the lines of luxury resorts rather than simple lacklustre residences. The sky is the limit and there really is no dearth of shortage of bespoke residences that fulfil every desire. So what then should you expect if you’re a home buyer looking for a property that will comply with your needs for today and appreciate suitably or phenomenally in the future as well? Here, we’ll individually take a look at some of the niche amenities that are being offered to the conscientious customers of today whilst presenting an opportunity for realty investors to identify early opportunities in this segment. Dedicated zones for entertainment and multimedia are no longer things of the past, they are the standing reality of today. As the world moves at lighting speeds with respect to technology, gaming and virtual reality zones are fast becoming a must have feature in residential complexes. To that end, many developers are imbibing these dedicated zones in their blueprint plans. So while one can expect private Jacuzzis and spas conveniently located a few floors below their residences, it’s not going to be surprising to find private entertainment and multimedia zones located right next to them. Usually most residential configurations already come pre-designed with multimedia zones within the house itself with special provisions for enabling it with ‘smart’ features. However, lately consumer needs have started gravitating towards incorporating the multimedia zone as a shared community space rather than a private feature solely accessible to the home’s inhabitants. Many reasons can be attributed to this shift, mainly the fact that many large sized simulators are impractical within the house besides it’s more convenient to allocate the multimedia or entertainment zone outside the house and free up the space within for something else. Perhaps a private pool or a work station, as the individual requirements may go. Those residential properties already having these types of zones allocate enough space so as to accommodate dedicated gaming zones, snug bowling alleys, virtual reality golf courses, cricket pitches and table tennis or lawn tennis simulators among other outdoor sports. What’s more, there will be high end gaming consoles and the latest play stations so that kids and adults alike can partake in their daily doses of some gaming action. These sorts of entertainment zones are not intended purely as leisurely, recreational activities rather an opportunity at family bonding and professional networking intermeshed at one great, fun place, within the residential complex. Moreover as these zones are located within the complex itself, residents are saved from traffic jams and traveling woes - something anyone and everyone appreciates! Did we mention about the mini theatres or screening rooms with super plush and comfortable seating options? Those too are very much an integral part of the entertainment zone. So residents can pretty much enjoy a session at the spa, work out at the high tech health club and saunter over to the entertainment zones and end the evening either playing some virtual tennis or catch their favourite movie, whatever catches their fancy first. In the western countries, residential projects have fast caught on with these futuristic concepts. And it is thought that this will be a rage in the coming years everywhere. In fact, there are quite a few national developers who’ve even begun planning these niche features in their pipeline projects. However, there is a considerable outlay for the developer and consequently the customer too. Hence it’s best advised for any new buyer to consider these aspects beforehand. Varma Regent, compact apartments is being built at Edapally by the best property builders in Kochi. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. The unique combination transcend to a whole new realm of affordable 2 & 3 BHK luxury homes ranging between areas of 862 sq.ft to 1357 sq.ft. Varma Regent is one of the current ongoing residential projects of Varma Homes at Edapally. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi Metro Rail project commencing up to Edappally. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option. Varma Homes is one among the top builders in Kerala offering high quality and affordable luxury apartments in Thrissur, Kochi and Trivandrum. We always create the best living spaces meeting the requirements of our clients. If you are looking forward to buy apartments or flats in Thrissur, Trivandrum, Kochi then contact us today. Call +91 9645 88 33 33 for more details.
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7 Reasons Why Real Estate Is an Extraordinary Investment
It is everyone's longing to turn out to be financially independent. For this, most people depend on traditional ways to earn more, like being salaried in an organization or being self-employed. Yet there are different medians for individuals to enjoy surplus monetary advantages like stock purchasing, shareholding, and the long and worthwhile standby of retirement pension. Apart from all these, the most efficient way to earn is by investing in real estate. You can relish a profound pace of profits, astounding tax benefits & leverage of land to construct your wealth. Here are some reasons why real estate is an extraordinary investment. Reason 1: Predictable Cash Flow Cash flow is the net spendable profit obtained from the investment after every single operating cost & home loan installments have been made. When you purchase a good property from a reputed real estate builder in Kerala, the cash flow will be just as hefty. You can make money through rental income as it tends to rise over time, which can lead to greater cash flow. In most cases, cash flow makes stronger over time as you pay down your loan & build up your equity. As well, RBI has recently declared a reduction in the REPO rate which creates home loans even less expensive. So this will help you to smoothly begin your investment & hence increase cash flows. Reason 2: Get the Most Delightful Return on Your Investments From the pool of real estate builders, you can select the best real estate builder in Kerala who can offer the best quality construction works for their projects. Because the quality of the construction work matches the most excellent grades. So it comes with assured safety, security & top-notch amenities. This shows, by investing in those properties, you are going to accept the most appealing return on your investments. Reason3: Financial Security over Time While another reason that forced people to make their investment in the realty market is long term financial security. If you have a constant flow of cash in succession, the bonuses of this investment yield monetary bonuses for a long time. Possessing a residential property can give investors a sense of security due to the property appreciation over the long run. Well, this is only possible when you invest in the right place. So it is always advised to completely research the location before finalizing the negotiation on the apartment of choice. Reason 4: Hedge against Inflation In contrast to most different sorts of ventures, the realty market can contribute a hedge against inflation, which is yet another reason that pulls customers to put in this income stream. I.e. with high inflation, your rental pay & property value develop profoundly. Hence investors welcome inflation wholeheartedly because as the cost of living rises, so makes their cash flow. Accordingly, buying a property offers extra investment security during inflation. Reason 5: You Become Your Own Decision Maker The most satisfying part about real estate investment is that you become your own boss. Similar to any other business you have total authority & freedom over your investment strategies just as your flops and achievements. You make better decisions on which property to invest in, the tenants who will live in your property, how much rent to impose per month and so on. Reason 6: Qualifies you for Tax Deductions Another reason that real estate is an extraordinary investment, is the tax deductions you can take in this income stream. You get to deduct expenses straight connected to the operation, maintenance & management of a property such as property maintenance, insurance, maintenance repairs, property management fees, repairs, travel expenses, legal fees, and even the interest paid on the home loan. All of these deductions will reduce your taxable income, which might save you cash while you file your taxes. Reason 7: Admittance to Credit Reliant upon a variety of features, extra payment created from real estate investments might grant you admittance to added credit. Usually, loaning institutions finance more money to individuals who get more cash flow. The additional payment generated using property ventures may unfold more comprehensive credit lending entryways. To Sum Up, You can see the profits of investing in real estate while investing in other sorts of investments like the stock market. Investing in real estate can be your ticket to making passive income & reaching long-term financial stability. Nevertheless, before you can obtain these things, always remember that you need to make careful decisions when investing in your property. I.e. while choosing the right builder for your investment, is the first and the most important aspect when it comes to a real estate investment. If you are seeking a top-rated & most well recognized real estate builder in Kerala, then head over to Varma Homes and start searching for investment properties for sale across Kerala. We have our apartment projects at the prime locations in Kochi, Tripunithura, Thiruvananthapuram, Thrissur, and Kozhikode. Visit our website to get more information about our projects. Get in touch with us today to start an investment with us that will definitely offer you a lifetime of fun, happiness & priceless memories.
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