With the government's new initiatives in the real estate
sector, buyers have a plethora of apartment choices. However, owning a piece of
land still has an unrivalled prestige value. So, when it comes time to relocate
or invest for a more secure financial future, many of us are caught between two
options. Here we compiled this helpful list that will help you choose wisely!
One of the primary disparities between a plot & an
apartment is that you'll have to live in your very own house right from the
moment you acquire an apartment & you'll save a lot of money on your rent.
Whereas a plot allows you to create your own customized home, until then you
won't be allowed to live there & you'll have to pay rent even if you invest
in the plot. Also, when you buy an apartment, you can use it as an investment
vehicle as you rent it to someone, but in the case of a plot, it won't be
possible. So, compared to plots, an apartment is a smarter investment choice.
An apartment is actually a comprehensive package for standard
living; you can select one that would be ready to move into where it contains
all the things that an apartment life demands. Hence, you won't be worried
about any further headaches or strain. A plot that you wish to build on is just
land & you have to build it from scratch & you'll now have to deal with
the troubles & groundwork of building the structure, obtaining legal
permission, & ultimately upgrading it with lifestyle elements to keep it
livable.
Finding financial help for the purchase of a plot is more
difficult than for the purchase of an apartment, since financial companies are
hesitant to lend money for the purchase of a plot. So, as a result, there are
limited alternatives for purchasing landed property, as banks often do not
provide financing for the purchase of a land/plot, but it is effortless to get
a bank mortgage for the purchase of an apartment.
In general, the plot is considerably more likely to get
entangled in legal complications & litigation. So, when you purchase a
plot, conduct thorough research on any conflicts, & ensure to keep an eye
on it till you build your home on it. As in India, several issues are raised
regularly relating to illegal land capture. Although these concerns are much
reduced when purchasing an apartment when the buyer is protected by RERA &
he or she has the right to go for a petition for compensating & remedial
action, if the builder didn’t guarantee their promises. Accordingly, as a precautionary
step, today's builders will exceed expectations to guarantee that all legal
& financial requirements are met.
A plot can be acquired for the intent of constructing a new
structure to get profit, or it could be utilized for other reasons. If you plan
to acquire an apartment, only do so upon assessing the growth prospects of a
specific neighbourhood. Your apartment's ROI will be higher depending on where
it is located. Because of the increased movement of workers from other cities,
an apartment in a desirable location will always have greater rental yields,
providing you with a monthly second income & assisting you in being
financially secure.
The tax treatment of plots & apartments differs. As in
the case of an apartment, first-time homeowners are eligible for specific tax
breaks. The tax deduction for interest on plots is allowed only in the year
where construction is finished. Interest accumulated during project
construction can be reclaimed as a deduction across 5 years in equal payments
beginning with the year the work is finished, resulting in a delay in tax
advantages. Holding a plot as an investment is not tax-deductible, but you can
request a deduction for the interest given. Conversely, if the plot remains
barren, it might not be eligible for a tax break.
The plot has comparatively better value appreciation than an
apartment. This is mostly due to the scarcity of plots on the market. The value
of a property is determined by its location & proximity to major infrastructure
developments. However, the land market is a cobweb, so when you buy, you must
be vigilant. So the safest choice for individual investors is to buy
apartments; keep it simple & get your 20 or 25% appreciation because the
land is all about where you want to be on the risk-reward spectrum. Also, make
sure to select an apartment from a reliable builder with a good location &
surrounding infrastructure to increase the value of it.
Apartments are easier to sell as there is always a huge demand.
Furthermore, apartments provide a variety of facilities as well as security
features. The attraction of plots is that the owner owns the land & can
create a new house to optimize returns. But when you plan to sell it, it may
not be fundamentally enticing to a possible buyer market. He/she may then
either invest more in repairing it or entirely demolish it to create a new one.
This might have a reasonable impact on the price of the house. However, in the
case of apartments, such an issue does not exist as they’re available with a
fixed structure (part of the structure) &, thus, more convenient to sell at
the value without extensive negotiations.
After considering your wants, financial status, & commitments,
take the best alternative. Having a plot implies that you should be careful
with some choices. However, the benefits for apartments may be far greater than
for plots. Because everything is already in place, you may begin earning
profits on the first day. It is critical to seek apartment properties in
affluent locations and, of course, from a reliable builder, so that you'd have
a good chance of making a regular return.
If you are looking for your dream apartment in the heart of Kochi,
Thrissur, Thiruvananthapuram or even in Kozhikode, then do visit Varma Homes,
one of the top ranking and most trusted builders in Kerala. We strive to
enhance top-notch quality construction materials to create apartments that will
stand the test of time. With us, you shall not be disappointed! You will get
the guarantee of quality residential options that provide not just great living
spaces but also a lot of happiness.
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!
Read MoreEveryone dreams of owning a beautifully designed luxury home. What makes a dream home luxurious are its features like amenities and interiors. If these features remain the same, then what makes a luxury mansion stand out? Now, we can see that many luxury apartments in Kerala are made with exclusive features that make your dream home lavish and elegant. When it comes to luxury living, the choices to customize your living space are infinite. Moreover, you do not have to be rich to have some of that luxury. Here are some most common features that define a luxury home. Technologically Competent: Most of the real estate builders and homebuyers believes that a luxury home should be exemplary in the kind of technology it uses. Hence, automation is the keyword. Based on the price of the property, the range of technological advancement would differ. Smart home technologies are very much in demand these days and these technologies monitor systems inside and outside the home. Whether it is controlling the smart lighting and sound homes, thermostat, smart toilets or locking the door, you can easily look after your home from anywhere in the world using a smartphone. Such kind of features separates a luxury home from a normal one. Open Floor Plans: Today we can see that the homes do not have separate areas like kitchen and dining. All these areas come together in one big living space for a comfortable and flexible living experience. Many luxury homebuyers are demanding the open floor plan for their homes. High-End Kitchen: If the heart of the home is the kitchen, then luxury homes have a very strong pattern. Kitchens are now coming as a spacious kitchen with top-class appliances and high-end equipment like chimneys, fridge microwave, dishwashers etc. from high-end international brands. Security: Many luxury apartments in Kerala have in-built security features that are necessary. These security features are what separates luxury homes from standard ones. To secure your home from burglary actions and unwanted attention, the homes come with smart locks, safety alarms for fire or break-ins, CCTV cameras etc. Apart from home security systems, these luxury apartments also have strong security at the entering of the property. Breath-taking View from Apartment: A home may have all the specifications and amenities, which makes it world-class, but if it lacks a breath-taking window view, then it is not qualifying as a luxurious apartment. That is nothing feels better than coming home from work to a serene and a peaceful environment. Luxury apartments designed with open areas and huge balconies provide a fantastic view of the surroundings. You can enjoy staring at the skyline or breathe in some fresh air while you calm your mind as you watch the sea. Entertainment at Home: A home with a home theatre and a personal gaming zone is the new trendsetter for defining a luxury home. The latest updates in the niche market gadgets are must-have things for both the old and young alike. The objective of this feature is to create a space where the homebuyer never feels the need to leave the luxuries of the home. Spa Quality Bathrooms: This is yet another feature that sets luxury homes apart. The bathroom serves a utilitarian purpose, but many people consider it as a perfect place to relax after a long day. The luxury homes bathrooms are right on par with professional spas. They not only have a separate shower and tub but also saunas, steam rooms, touch screen mirrors that double as a TV. In a nutshell, Luxury homes are all about lifestyle and have stepped up to offer more comfort living to homebuyers than ever before. Amenities that were once considered an extravagance have become standard and have forced homebuilders and homeowners to take luxury amenities to the next level. If you are a luxury buyer looking for that unique feature and special touch that sets a home apart from all the rest. Then you can get in touch with Varma Homes, the most promising builder in Kerala offering superior quality and affordable luxury apartments in Kochi, Trivandrum and Thrissur. We design all our residential projects with care to make the life of the residents easy and lavish.
Read MoreOne of Kerala's most sought-after locations for real estate and construction is Kochi, which is growing swiftly. Kochi, a tier 2 city, is now one of India's most well-known IT centres and offers a lifestyle that is ultra-modern. Real estate is increasing not only in the residential sector but also in the commercial sector as the city grows and more modern hotels, office buildings, and shopping malls are added. Since Kochi is easily accessible by road, rail, boat, and air from everywhere on the planet, it is a wise choice if you're looking to buy apartments there. As a result, local businesses and infrastructure have grown.Buying a flat or apartment in Kochi, whether as an asset or an investment, is a significant choice that needs to be carefully thought through. One of the most crucial aspects we take into account when looking for a place is to check the location of the place which we call home. Everybody wants to purchase their ideal home, replete with all of the modern conveniences.Perks of buying a home in KochiBuying an apartment in Kochi offers several advantages. The most popular trend in the city is luxury flats and apartments, and the bulk of them are situated close to Cochin metro stations and significant cities in Ernakulum. When working people from different regions of the country move to Kochi, they encounter a variety of housing issues. You should examine the benefits and drawbacks before purchasing a home or apartment in Kochi.1. Opulent features: As demand for upscale dwellings rises, builders are providing premium homes and apartments in Kochi with upscale amenities. Depending on your demands and budget, you have complete freedom in the facilities you select. Accessibility to your workplace and key roads should be taken into account since it affects your daily commute. Locations of stores and ease of access to transportation should also be taken into account. 2. Education and Employment: The facilities for learning and working should be considered when buying apartments in Kochi. Some of the most famous educational institutions in the nation are located in Kochi. Numerous foreign schools and institutions offer top-notch education in the city. Today, Kochi is a growing IT hub, with Infopark and Smart City offering a wide range of professional opportunities. Professionals and the general public can therefore find a variety of employment and business options in Kochi. 3. The perspectives on investments: When your goals are clear, choosing becomes quicker and more effective. If you've never invested before, you might want to start small. Kochi is a great spot to do so. Buyers now have the opportunity to take a chance on the real estate market because it is no longer a seller's monopoly. You can count on reasonable prices. 4. Affordable price: Kochi is a desirable location if you're looking to settle down with your family and purchase an apartment because there are many high-quality flats and apartment buildings there that can accommodate a range of budgets and come with the amenities you want. 5. Exchange of culture: Kochi is a cultural mashup, as was already mentioned. The majority of Kochi's upscale flats come standard with sizable community halls and clubs. This makes it possible for you to coexist peacefully with your neighbours and gives you a sense of security. Design is a skill that only a select few are gifted with. It requires great courage, drive, and enthusiasm. With our brand-new apartment projects across Kerala, Varma Homes is enroute to introducing an opulent lifestyle as part of its objective to "Constructing Happiness."We have always been committed to building happiness for our clients who believe in making a secure investment in happy homes for future generations. Over the years, we have maintained our exceptional quality and high standards, which includes only working with partners and vendors who share our commitment to excellence. We, at Varma Homes, work to satisfy all stakeholders, including clients, investors, and employees.
Read MoreThe 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 MorePurchasing 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!
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