Top Reasons to Invest in a Ready to Occupy Apartment
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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7 Reasons Why Real Estate Is an Extraordinary Investment
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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. 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When this 2020 rolled in, all was set to celebrate the colours of happiness, positivity, and love, but contrarily, we all got locked down in our homes. Due to this pandemic Covid-19, the whole world is facing a threat that will keep to haunt us for a long period. Individuals have seen crucial changes and disappointing depreciation of their investments. Moreover, the stock markets have crashed, fluctuating gold prices, equity funds and shares hitting a slashing low. So living in this period of crisis, we can realize that the best investment option is definitely investing in real estate. Hence let’s go through the reasons that will help you to better to think of investing in real estate during this lockdown period. Highest Of All Times ROI Based on data from NCREIF (National Council of Real Estate Investment Fiduciaries), realty market helped individuals to return an average of 9.85% over the past years. This is obviously higher than all other investments like equity funds, shares, bonds etc. Since real estate has high tangible asset value, no matter what is the current situation in the world right now, you can hold this asset tangibly that will increase its reliableness and return on investment. Supply and Demand Breakthrough Real estate is a tangible asset made up of property and the land on which it sits, and like other assets, real estate is also subject to supply and demand. Now the supply is less and during this time, supply-demand breakthroughs will remain to profit the investors. Investing in real estate during this time will definitely benefit the investors. Stable Investment In The Current Scenario Real estate is the best asset class in the investment hoop, as a more reliable choice offering steady returns when it compared to the highly volatile stock market like gold or stocks, that might comes with increased risks and you might lose money. But when you invest in the realty market and rent out the property you can benefit a lot. The rental yield from the realty market is much high than returns on any conventional sources of investment. So real estate is one of the best attractive and stable income return even in this lock-down period. Reduced Home Loan Rates In the wake of the Coronavirus outbreak, it is the right time for those who chasing a life goal to own their own beautiful home. With banks beginning to lower down lending rates, more individuals are expected to take the plus of the incentives to purchase residential property as the lower EMIs would nearly match their current rents. So if you are among them then no more waits, reap the benefits now! Significant Opportunities For NRIs To Consider Investing In Indian Real Estate Due to this crisis, NRI's coming back to Kerala post lockdown to settle their business, and so they will be looking for apartments which are as per their standards and within trendy design and construction. NRIs can turn this present scenario as the opportune time to invest in real estate on the shoulders of less home loan interests, currency devaluation etc. So go ahead, make its best use and realize your lifetime dream. In short, amidst this coronavirus outbreak all around, it should be better to think of making an investment in real estate that will give you major returns in the future. This Lockdown period Varma Homes, the top builder in Kerala offers apartments that stand for superb quality, comfort and happiness packaged with ample incentives transforming lockdown blues to knock down your dream apartment into reality with lucrative offers. Use this uncertain time to choose the best ever secure and safe investment which guarantees higher returns and notable appreciation. Book your dream asset with Varma Homes, we have affordable luxury apartments in Kochi, Trivandrum and Thrissur and make a happy ending during this lockdown period.
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