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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.
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What to look for before buying an apartment
LocationWhile looking for an apartment, one of the most crucial elements to consider is location. The location of your apartment may have a significant influence on your quality of life, convenience, and access to facilities and services. Consider aspects such as closeness to your employment or school, access to public transit, the availability of shopping, dining, and entertainment opportunities, and the general safety and security of the neighborhood when picking a location for your apartment. It's also essential to think about your lifestyle and what you like to do in your spare time. If you prefer outdoor activities, for example, you may wish to pick a place near parks or recreational facilities. If you want a more urban lifestyle, you can consider living in the middle of a bustling city center. Finally, the location of your apartment will have an influence on your daily life and overall contentment with your living environment, so examine it carefully before making your selection.Size and layoutThe apartment's size should be appropriate for your needs, and the layout should be useful and handy for your lifestyle. While deciding on the size of a flat, consider how many people will be living there and whether the space is adequate for your needs. Look into the number of bedrooms and bathrooms, the quantity of living space, and the storage space available. The apartment's layout is also significant since it impacts the flow and usefulness of the area. Search for a flat with a plan that is appropriate for your lifestyle and demands. If you like to entertain, you might prefer a more open floor plan with easy movement between the kitchen, living room, and dining area. The arrangement of the flat can also affect privacy and noise levels. Evaluate if the bedrooms are in a peaceful region of the apartment and whether the living space is isolated from the bedrooms to reduce noise disruptions.Conditions of the apartmentBecause the state of the flat might affect your safety, comfort, and quality of life, it's important to properly evaluate it before making a selection. Look for indicators of damage or wear and tear, such as cracks in the walls or ceiling, water stains, or damaged flooring, when viewing the flat. Check the plumbing, electrical, and heating/cooling systems to ensure they are in working condition. Look for evidence of vermin, mold, or other health risks. If there are any problems with the flat, talk to the landlord or property management about them and ask whether they will be fixed before you move in. Consider the general cleanliness and care of the building and common facilities, such as hallways and elevators, in addition to the physical condition of the unit. This can provide an indication of how effectively the building is kept and how attentive management is to tenant issuesBuilding maintenance and managementWhile looking for a flat, building upkeep and management are key elements to consider. The standard of maintenance and administration can have a significant influence on your flat living experience. Building maintenance ensures that the structure is kept in excellent shape, which may assist prevent safety issues while also increasing your comfort and convenience. Good maintenance, for example, ensures that elevators are in good working condition, plumbing is running correctly, and common spaces are clean and well-lit. A well-managed building guarantees that tenants are treated fairly and that any problems or issues are addressed in a timely and professional way. This may have a significant influence on your quality of life in the building by affecting your interactions with other tenants, access to building amenities, and the degree of help you receive if you have any difficulties or concerns. While looking for a flat, look at the building management firm or landlord's reputation and track record. Browse reviews or ask existing tenants about their building management and maintenance experiences. Homeowners Association (HOA) feesThe Homeowners Association (HOA) is an important component to consider while shopping for an apartment or co-op property. HOAs are often in charge of maintaining the building's common facilities, such as the lobby, corridors, and elevators, as well as any shared amenities, such as a pool or fitness center. They may also be in charge of implementing building rules and regulations, such as noise limits and pet laws. While choosing an HOA-managed flat, it is critical to study the HOA's financial accounts and budget to ensure that the organization is financially healthy and can afford to maintain the building and facilities. You should also research the HOA's rules and regulations to verify that they are compatible with your lifestyle. Attending an HOA meeting or speaking with current homeowners can provide insight into the amount of interest and communication within the organization. A well-managed HOA may enhance your living experience by ensuring that the building is well-maintained and that members appreciate one another. SecurityA secure apartment may provide you peace of mind and make you feel protected in your own home. Consider apartments with safe entrances, such as a secured lobby or intercom system, as well as whether the building has security cameras or a security guard. You should also think about the neighborhood's crime rating, closeness to public transit, and availability of on-site parking. You may also look up crime statistics for the region to get a feel of how safe the neighborhood is.Resale valueWhen determining resale value, it is critical to examine current market trends and estimates for the region. Investigate the local real estate market to discover whether there is an upward trend in property values. Take into account any prospective developments or changes in the community that may have an impact on property values. Consider the apartment's condition and characteristics, which might affect its resale value. A well-maintained apartment with contemporary facilities and in a desired location, for example, may have a greater resale value than an older, outdated flat in a less desirable area. While resale value is a significant element, it should not be the only factor to consider when selecting a flat. You should also prioritise factors that will impact your quality of life in the flat, such as location, size, layout, building amenities, and security. Varma Homes can provide you with the greatest services and assistance for all of your future ventures.
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GST Impact on Real Estate - #VarmaHomes
From July 1 2017, Goods and Services Tax (GST) effectively cuts through a confounding Gordian knot of taxation complexity in the country. In other words, it will replace the multiple taxes levied by the state and central governments and will become incorporated of all the indirect taxes, including commercial tax, value-added tax (VAT), service tax, central excise duty and octroi tax/charges. The switch-over to the GST (Goods and Services Tax) regime is undoubtedly one of the biggest tax reforms in post-independence India. GST has been primarily conceptualised as a ‘One Nation, One Tax’ philosophy and it will help: • Eliminate the previous cascading tax structure • Ease compliances • Create uniform tax rates and structure • Reduce additional tax burdens on consumers The Indian real estate sector has been going through significant transformations in recent times. The latest Real Estate and Regulation Act (RERA) has already started addressing the issue of non-transparency and affixes a level of accountability on real estate builders and brokers which is exceptional in the history of the Indian property sector. For the real estate sector, the implementation of GST will definitely be a positive sentiment booster among property buyers. GST may not be instrumental over the short term in bringing down the prices of residential real estate. As the accountability being fixed at every stage and the perception of the residential real estate sector will improve on the back of a simplified tax structure, it will, however, benefit all the stakeholders of the sector. Benefit to buyers A simple and transparent tax applied on the purchase price is the biggest advantage for property buyers. All under-construction properties will be charged at 12% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready-to-move-in and completed projects, as there are no indirect taxes applicable in the sale of such properties. In case of under-construction properties, levy of stamp duty and registration charges on the buyer will continue. Benefit to builders Under the current tax regime, a property developer is subject to central excise duty, VAT and entry taxes (levied by state) on construction material cost. On the services used (labour charges, architect fees, approval charges, legal fees, etc.), developers pay service tax of 15%. Real estate developers also grapple with the challenges of multiple-taxation and the cumulative burden eventually gets passed on to the buyer. As the benefit of input tax credit being considered as an added advantage, developers too will find the GST regime much simpler to work with. Varma Homes is one among the best builders in Kochi offering high quality and new luxury apartments. We always create the best living spaces meeting the requirements of clients. If you are looking forward to buy new luxury flats and new apartments in Kochi, then contact us today. Call +91 9645 88 33 33 for more details.
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Reasons Why Luxury Flats in Trivandrum Are Worth The Investment
Trivandrum, the capital city of Kerala, has witnessed a significant surge in the demand for luxury flats in recent years. The city's rapidly developing infrastructure, pleasant climate, and scenic beauty have made it an ideal location for luxury living. In addition, Trivandrum's booming IT sector, world-class healthcare facilities, and top-notch educational institutions have attracted high-income professionals and investors to the city, leading to a rise in the demand for luxury homes. This article will explore the various reasons why luxury flats in Trivandrum are worth the investment, analyzing the key factors that make Trivandrum an attractive destination for luxury living and highlighting the benefits of investing in luxury real estate in the city.High DemandMany reasons contribute to the strong demand for luxury flats in Trivandrum. Trivandrum is a developing city that has become a center for information technology firms, government institutions, and other businesses. As a result, there is a continual stream of professionals looking for pleasant and convenient housing choices, such as luxury apartments. Trivandrum is also noted for its great infrastructure, which includes superb roads, transit networks, healthcare facilities, and educational institutions. The city also has a high level of life, making it appealing to people searching for luxury living alternatives. New developments with contemporary facilities and high-quality construction are being launched by developers, drawing investors and homebuyers. The city's expansion, infrastructure, style of life, and real estate market all contribute to the strong demand for luxury flats in Trivandrum, making it a great investment prospect for individuals interested in the real estate sector. Excellent InfrastructureTrivandrum has outstanding infrastructure, including adequate roads, transit systems, healthcare facilities, educational institutions, and other amenities that make it a pleasant and convenient place to live. Trivandrum has an extensive public transit system that comprises buses, taxis, and auto-rickshaws that link the city's many neighborhoods. The city also boasts a well-connected road network, making it simple to get about. Trivandrum features some of the state's greatest hospitals and medical facilities. There are multiple government-run hospitals in the city and private institutions that provide world-class medical care. Trivandrum also has a number of educational institutions, including famous universities and colleges that provide courses in a variety of subjects. The city is home to a large number of schools and educational institutions that serve students from all backgrounds. It features a number of retail malls, entertainment centers, and other recreational amenities, making it an appealing destination for both tourists and locals. Growing Real Estate MarketTrivandrum is a burgeoning real estate market, with numerous new developments on the horizon, notably in the luxury real estate sector. This gives a chance for investors to purchase luxury apartments at a fair price and resell them later for a profit, as the value of the real estate is expected to rise over time. Furthermore, as more individuals seek comfortable and convenient living alternatives, the demand for luxury flats in Trivandrum is expanding. To meet this demand, developers are offering new buildings with modern facilities and high-quality construction. The Kerala government is also launching many measures to enhance the real estate business in Trivandrum. For example, it has suggested the building of numerous smart cities in the state, including Trivandrum, which is expected to boost the real estate boom. The construction of Technopark, India's largest IT park, has contributed significantly to the growth of Trivandrum's real estate industry. Many global corporations have set up shop in the park, attracting a big number of professionals to the city. This has increased demand for accommodation, particularly for luxury apartments, which are sought by the wealthy. High-Quality ConstructionTrivandrum has high-quality buildings, and developers in the city employ cutting-edge technology and materials to build their projects. The majority of luxury apartments in Trivandrum are designed to international standards and have modern amenities and conveniences. Trivandrum has a thriving real estate market, with numerous reputable builders and developers doing business there. To achieve a high standard of building, these developers use high-quality materials and expert workers. Kerala's government has implemented a number of rules and policies to guarantee that building in the state matches international standards. For example, the government has implemented Building Rules and Development Control Regulations, which give standards for building construction in the state. Several Trivandrum developers have received accreditation from organizations like the Indian Green Building Council (IGBC), which assures that structures are built in an ecologically sustainable manner. Luxury apartments in Trivandrum have exceptional construction quality, and developers take care to guarantee that their projects exceed international standards and are built with high-quality materials and technology. Potential for Rental IncomeTrivandrum has rental revenue potential, notably in the premium real estate category. Trivandrum is a rapidly expanding city with significant demand for houses, particularly in the premium market. This provides a chance for investors to purchase luxury apartments and make rental revenue by renting them to renters. Many significant international corporations, educational institutions, and government offices are located in the city, attracting a huge number of professionals and students. These people frequently opt to rent luxury apartments with current amenities and conveniences. The city attracts a high number of tourists all year, creating a need for short-term rentals such as holiday houses and serviced apartments. The rental revenue potential in Trivandrum differs according to the property's location, features, and quality. Luxurious apartments in great locations with strong infrastructure, transit, and amenities are likely to attract higher rentals. The increasing demand for luxury apartments in Trivandrum provides an opportunity for investors to generate rental income by leasing out their homes to tenants or offering them as short-term rentals. Investing in Trivandrum luxury flats for rental income might be a solid long-term financial option. But, before investing, it is critical to undertake extensive research and due diligence to ensure that the property is located in a desired region, has adequate infrastructure and facilities, and is likely to yield substantial rental revenue. Varma Homes is available to answer any of your concerns and inquiries about any investment.
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Tips for buying an apartment to get a better long-term ROI
The most important factor to consider when investing in real estate is the return on investment. A property isn't a good investment if it doesn't guarantee a good return. Purchasing a property provides numerous benefits, including emotional fulfilment, assurance of future residence, and long-term financial benefits. In fact, it’s a symbol of financial stability for the majority of Keralites. With improved infrastructure and a higher standard of living, the state has seen a significant increase in real estate construction over the last decade. However, purchasing a home is a significant financial investment that necessitates careful planning and consideration of other factors. The location, construction costs, real estate value of the home, and space all play a role in determining a house's value. In the long run, a spacious apartment with good amenities will be a good investment. As a result, picking the right apartment to invest in is critical. In this blog, we'll look at the viability and return on investment of various aspects of residential real estate to help you make an informed decision. Location & Connectivity Obviously, the location covers more than just owning a house; it also includes the infrastructure in & around the area. If you pick the right location for your home, the value of your investment is sure to gradually rise. A good apartment project must be well-connected to the city and have a good neighborhood with amenities such as schools, hospitals, supermarkets, workplaces, medical facilities, grocery stores, public transportation, and so on. Great connectivity will be the most important factor in property appreciation, especially if the apartment is being rented or sold. So choosing the right location is critical for those who buy an apartment to maximize the return on their investment. Value-Added Facilities & Amenities The Kerala apartment’s modern amenities and facilities aid in getting the best return on investment when it comes time to sell. Today's developers provide a wide range of conveniences for homebuyers to fit their lifestyle, right from facilities and amenities like a clubhouse, swimming pool, CCTV, power back-up, children's play area, etc. These are just a few of the common features that bring value to apartment living. The ROI is determined by how well these amenities are maintained over time. Even so, due to their lower prices, even projects without such amenities can find buyers. However, when shortlisting properties for purchase, make sure that the final choice provides a decent lifestyle rather than just an investment asset. Quality of Homes Due to the abundance of demand in the new corridors of cities experiencing a massive increase, purchasers have a variety of options, as market conditions favour end-users. A home, like a car, is expected to perform a few critical functions, such as shelter, safety, convenience, a luxurious lifestyle, and so on. Buyers must consider these factors, and those that provide these benefits are in higher demand for obvious reasons. Without a doubt, branded builders provide these conveniences and attributes of living as a standard offering due to their market reputation, and such homes are in higher demand with better prospects. When buying a home, keep in mind that a comfortable home with plenty of interior space and luxury amenities in a desirable location will provide better long-term returns on investment. For property investors, homes in good locations, built by reputable developers with a good load of amenities and facilities, will always produce greater investment returns as well as potential rental income. If you are someone who would like a home with excellent amenities, a good neighborhood, connectivity along with excellent ROI, then Varma Homes has everything that you need. Varma homes, one of the top builders in Kerala, has a wide range of apartment designs, sizes, and price brackets to choose from. We offer an array of different amenities and features that will surely meet your needs and exceed your expectations. As well, we can ensure that you get the best apartment for your budget in the most convenient locations in Kerala. Varma Homes can provide you with an excellent living experience and add value to your property portfolio. So, if you are looking for a new apartment in Kochi, Trivandrum or Thrissur, please get in touch right now! We will be happy to help. We are also planning to launch our projects in Calicut soon.
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Before selecting an apartment in Cochin
Finding the most suitable flat in Cochin can prove to be quite stressful if you do not know how to go about it. This is somewhere that you will be living in for a significant amount of time thus choosing the right property in Cochin is crucial so as to avoid experiencing buyer’s remorse. Here, Varma Homes – the best builders in Cochin suggest you to consider the following tips that can come in handy when it comes to selecting an apartment in Cochin. 1. Have a budget set out: One of the biggest mistakes most people do is forget to have a budget in place and simply start looking at flats in Ernakulam or new apartments in Kochi. Keep in mind that your budget is not simply what you will be paying for the apartment. Typically, when it comes to apartments in Ernakulam, one will be expected to pay an initial amount at the time of booking a flat. These are not the only costs you should consider though. Think of things such as monthly utility bills, services charges and so on. All this will be what you will be paying on a continual basis thus they should be part of your budget if you are to determine whether or not you will be able to afford the flat in Cochin. 2. Establish what you are looking for in apartments in Cochin: Before you can make a choice on ready to move flats in Cochin, you would have to establish what it is you are looking for in a residence. Do you need a parking space at your flat? Would you prefer to have a garden? How many bedrooms would be required for you and your family to live comfortably? All these considerations should be made so as to ensure you are getting the right ready to occupy flats in Ernakulam that you want and not something that you will be unhappy with down the road. 3. Make a decision on the location: The location of the new apartments in Cochin can go a long way in making your life convenient or more stressful. Location is an essential consideration especially if you commute to work. It is always advisable to find new flats in Cochin that is close to your office so that you are not spending hours on end every single day making your way to work and making your way back home. You should also consider the proximity to amenities such as shopping centres and schools if you have children. Varma Kottaram – the luxury apartment project of Varma Homes in Tripunithura has the proximity to temples, churches, shopping malls and schools like Bhavans, Choice & Chinmaya and also connectivity to mini bypass, the seaport - airport road and more, making the living a truly royal experience. This luxury flat project in Tripunithura is located between the Kalikotta palace and Sree Poornathrayeesa Temple, which makes you proximate to almost everything a royal lifestyle demands. The new luxury apartments in Tripunithura is a G+4 apartment project having 24 units of 2 BHK and 3 BHK flats well equipped with all the modern amenities including Fitness centre, Solar energy utilisation in selected areas, Fully automatic lift, Intercom facility, Firefighting system, Children’s play area, Roof top party area, Terrace garden, Recreation space, Caretaker room, Provision for 24 hours power and water supply facility, Sewage treatment plant, Water filter, Surveillance camera, Rubber fender for corners in the car parking area, etc. which is worth for its price. Varma Homes, the top builders in Kerala offering new luxury flats, budget friendly apartments and residential projects in Ernakulam, Thrissur and Trivandrum are bound to make the happiness possible. If you are looking forward to buy flats in Tripunithura, then contact us today. Call +91 9645 88 33 33 for more details.
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