“Seeing is believing”, therefore experiencing your new home through a sample flat seems to be a significant task for a home buyer, even though there are many important factors to be considered regarding this approach too. A sample flat is one of the marketing practices used by the builders to exhibit their clients of what they can actually offer in their proposed house.
From the real estate developers’ point of view, it is much more effective than the traditional marketing techniques used such as banners, brochures, emails, etc. And from the home buyers’ point of view, it is an added advantage for them, as they get to see their proposed house with all its interiors done, well before the actual purchase of it. It is indeed an exciting experience to know how their abode will look like.
Following are the factors to be considered while seeing a sample flat:
1. Have a look at two or three properties from the same builders to get an overall idea about their recent residential projects.
2. Go for trustworthy builders who can deliver their proposed projects on time without making any delay.
3. Use the sample flat as a sensible guide to know how your home might finally be like.
4. In order to get a clear picture of your apartment, have a look at the layout plan and the architectural drawing.
5. Prepare a cost estimate, well in advance before making a final decision on buying the apartment.
6. Read out the sale agreement carefully, discuss with your home builder then and there so as to avoid any disagreeable conditions in the future.
Varma Homes, the top and the trusted builders in Cochin presents the sample apartments of Varma Regent at Edappally. The top builders in Edappally is all set with their sample apartments of the current ongoing residential project located at Ponekkara.
Varma Regent, the affordable apartments in Edappally with all the luxury amenities, is on its last phase of completion. The 2 bhk luxury apartments ranging between areas of 862 sq.ft to 1357 sq.ft ensure all premium facilities on an affordable price range. And the project is likely to get accomplished by the end of December. Only a few units are left, as most of the units of Varma Regent are already sold out.
Varma Homes is the best and the trustworthy home builders in Kochi whom you can count upon. All the home seekers out there, who are looking forward to buy apartments in Edappally, pay a visit to Varma Regent’s sample apartments near Lulu mall - one of the major attractions for someone looking for luxury flats in Edappally. For more details about flats in Edappally, contact us today. Call +91 9645 88 33 33 for more details.
Everywhere you gaze, you can see a new residential project offering the top amenities for your needs. In this competitive realty market, there avail number of choices, so how does one select the right choice for them. Selecting the right builder plays a major role while purchasing your dream home. Trusting someone to handle our biggest dream is not a simple task, but here are some tips, which will guide you to settle on the proper builder to construct your dream nest. Know Your Builder Before you buy your dream apartment, research your builder. There are various builders of repute in Kerala and most of the information and details on their past projects is public knowledge. However, the ideal way to comprehend the builder well is to talk with their existing customers about their project delivery schedules, how they deal with them daily, their work quality and so on. Check Well the Authenticity Any residential project in Kerala requires RERA certification. Therefore, a builder has to add all the information about the project online. Here one can get the details about the builder as well. Besides, you have another valuable resource like the Ministry of Corporate Affairs official website to access the list of registered builders along with information about them. In this manner, one can understand how authentic their builder is. Previous Work Any time when you start something new, people will always check your earlier work. The same is in the case of builders. So before finalizing a deal do visit a few completed projects of your selected builder. See whether you are comfortable with the way it is designed, the facilities provided, the quality of construction and its aesthetics. The project you have chosen may be quite different from the previous ones, but then again it will give you a basic hint of how the builder maintains the project. Observing at various completed projects will also give you an idea of the range of work the builder can do. Bank Approval If a bank has approved a residential project it is safe to assume that the builder has proven to be financially, technically and legally sound. To approve a residential project bank have to conduct a stringent investigation about the project and study all aspects of the project. Since owning your dream home is your key investment of a lifetime, and you would not want to take chances. So before buying your apartment check whether the particular project has got all the bank approvals. Reputation & Recommendations Incredible builders have equally incredible reputations. Good word of mouth makes or breaks any custom home manufacturing professional, so search for custom homebuilders whose reputations precede them positively. Finding the right homebuilder will confirm that your path to that dream home is as smooth and efficient as possible. If you are looking for an excellent custom homebuilder, connect with Varma Homes, one of the top real estate builders in Kerala for a consultation. We have our ongoing residential projects in major parts of Kerala like Trivandrum, Kochi & Thrissur. You can completely trust with us, as we are following all the criteria’s that require for the construction of an apartment. After all, we know that buying a home may the biggest purchasing of your lifetime. So, without any doubt, you can trust us. Be ready to invest your interest with us and get a lifelong investment!
Read MoreBuying a home is one’s lifetime event and it requires a great deal of effort, time, and money. From the years ago, buying an under construction apartment or flat was a risky choice. But now the introduction of Real Estate Regulation and Development Act (RERA) has revolutionized the entire real estate industry and turned it as a productive platform for new buyers. With the enactment of the RERA, buyers can now stop concerning fake practices that formerly were an essential segment of the real estate industry deals which comprises properties under construction. They are: ? Fake agreements of sale ? Delays in passing over properties ? Unprepared changes in construction plans ? Absconding builders ? Acquired illegal permissions Real Estate Pacts in RERA It is true that the before RERA, the real estate industry faced challenges. But now the real estate industry of Kerala has moved out over an extreme makeover when the implementation of the RERA occurred. It helped to generate more reasonable and fair transactions among the home buyers and developers of villas & apartments, making purchases more simple, clear and liable. RERA has formed a pool of buyers who can positively choose for any apartments or luxury flats which is under construction. So let’s check out how the RERA has transformed the earlier norms in the real estate sector. Compulsory Registration Projects with a plot size of minimum 500 sq. meters or having more than eight apartments must be registered with the corresponding state’s RERA. Current projects where the occupancy certificate or completion certificate has not been delivered are also required to meet the terms with the registration requirements under the RERA. These aids guarantee that developers & their real estate projects are genuine and they follow every criteria of authority specified as per the Act. Thus when the construction of the apartment begins, the right of buyers are secured under a registered developer. Reserve Account The prime reason for the delay of projects was due to the fund collected for a project, would consistently be diverted to new projects. To stop such diversion, promoters are now compulsory to submit 70% of all projects receivables into a distinct reserve account. The profits of such account can be used towards land & the construction expenditures and will be essential to be certified by an expert. Frequent Disclosures by Developers After the RERA implementation, home buyers can be able to regularly monitor the work progress of their projects on the RERA website since developers will be needed to submit the periodic work progress submissions on the website. Penalty Even if the best builders, made delay for handing over projects, they have to pay compensation. As the government can impose a stiff monetary penalty which may up to the 10 % of the project cost on the builders. There are also other punishments like imprisonments against violators who generate unnecessary massive delays or fraud in the projects. No Longer Exist Pre-Launches without Approvals Based on the rule of RERA, no pre-launches of projects is permitted without getting the approvals from the development authority or local municipal & without acquiring registration from the controller. This allow buyers to confidently invest in the apartments or villas of their tastes which has recently been launched. As of the arrival of RERA act, buyers can stop worrying about their project work progress. The buyer only need to choose apartment from the best builders at the right location. It is also significant to confirm that the possessions for sale have been registered under the RERA. Head off, and never hesitate to purchase an under construction or upcoming apartment with the most trustworthy real estate builder like Varma Homes. All our projects are registered under RERA. We have completed, ongoing and upcoming residential projects in Kochi, Thrissur and Trivandrum which are aimed to construct happiness.
Read MoreOne Crore Worth Asset with a Minimum Investment Do you know the profits of investing in real estate? Have you ever thought about your investment option that you get guaranteed future returns? Whether you think about your retirement life with a substantial income? The answer to all these queries is to acquire an investment in the realty market with the full guaranteed appreciation of land property from a top and reputed builder. However, with the right perception, investing can be one among the most lucrative deeds you take part. Real estate investment has proven time and again, that it can serve as a wealth building source for all savvy investors. You can enjoy an exceptional rate of returns, amazing tax benefits and leverage real estate to form your wealth. So an investment in real estate is not only a safe financial investment but also an investment that can withdraw years of fun, happiness and precious memories that will last for a lifetime. Invest With the Right Builder to Get the Guaranteed Future Returns Let’s assume if you shortlisted an apartment for buying. One of the most unique things about investing in real estate is that you can buy it using a small amount of your own money, i.e almost 20% of the total project cost, while borrowing the rest, often 80% with the bank loaned money. It is a proven fact that the worth of real estate investment will rise over time and is a stable way to upsurge wealth over a period. For instance, early investors can avail of special launch offers(discounts) from the builders. And this discount may be for limited bookings and a short period. The real estate projects are developed in different phases and the price also increases in the ongoing phases of the project. So, when someone invest in the pre-launch or new-launch phase, the investor can earn a good profit in a short period in the development of the project. So investing in real estate is the guaranteed future returns. Hence, select your property wisely by hiring the right builder like Varma Homes and get your one crore worth asset with the minimum initial investment. Here we can assure that you never regret your decisions! Though, it is also essential to check the builder’s expertise and track- record before buying an apartment for getting the good resale value of the property in the future. Always pick a builder with a good reputation, who gives primacy for best locations, quality work, financial stability, promptness and above all, there have an active post-sales service crew. Hence, it will guarantee that you get a good future return on your hard-earned cash. Varma homes, #1 Builder in Kerala believe in constructing happiness among people with our extraordinary services. We have completed and ongoing residential projects in the prime localities of metropolitan city Kochi, Trivandrum and Thrissur. If you are planning to purchase an apartment, but worry about the formalities of a home loan for owning it. Then you can stop wasting time worrying, as we have the tie-up with all major banks, and we offer pre-approved loans for all our projects. And so we invite you to join our ever-growing community of satisfied customers, here you can meet unmatched quality with affordable rates and guaranteed future returns. Make your wealth by investing your interests with us and get a lifelong investment!!! Unlock the benefits of real estate over other assets>>> “Investing in Mutual Funds/Shares/Real Estate, Which is better?”
Read MoreAre you someone looking for new apartments or new flats in the metro city? Then this is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable. The Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. On January 18, the GST Council had extended the GST concessional rate on projects constructed or properties acquired under the CLSS for the economically weaker section (EWS) of lower-income group and middle-income group. The home loan amount and interest subsidy rates are as follows: EWS - Individuals who are earning up to Rs 3 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. LIG - Individuals who are earning from Rs 3 to 6 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. MIG-1 - Individuals who are earning from Rs 6 to 12 lakhs per annum are eligible for a maximum loan amount of Rs 9 lakhs. Interest subsidy is 4% per annum and maximum interest subsidy amount is up to Rs 2.35 lakhs. And the maximum carpet area limit is 1291 sq. ft. MIG-2 - Individuals who are earning from Rs 12 to 18 lakhs per annum are eligible for a maximum loan amount of Rs 12 lakhs. Interest subsidy is 3% per annum and maximum interest subsidy amount is up to Rs 2.30 lakhs. And the maximum carpet area limit is 1614 sq. ft. 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 8% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready to move in properties 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. Under the current tax regime, the home builders are 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. A move of bringing real estate under the purview of the new tax regime, would definitely come as a major boost for the real estate investors of the ready-to-move-in properties. As of now, only the buyers of under-construction projects are covered under the new tax regime. On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available. If you are someone looking for new apartments in Kerala and to get more information about any of the projects of Varma Homes, please do visit our website at www.varmahomes.com. And to make a booking enquiry, please use the form on the website or telephone +91 9645 88 33 33 and we will get back to you as soon as possible.
Read More2020 has been quite a year. Unquestionably one that won't be forgotten in their life. The COVID-19 pandemic has put newer perspectives on so many things. We witnessed unpredicted events for economies across the world. The pandemic carried ordinary life to a halt intruding on the development track of numerous businesses. It has uplifted vulnerability over the economy, work, relationships, finances, and obviously, physical & mental health. However, as people, we want security. We need to have a sense of security & have a feeling of control over our lives & well-being. The outbreak of coronavirus in the nation has featured the upside of having your own home when contrasted with profiting a leased accommodation. So, owning a home has now become one of the inevitable parts in these unprecedented times. Hence in this new year own a new home, which implies exciting fresh start, new neighbourhood, & new environs to explore. Purchasing a home isn't only a dream, but a whole life’s effort that individuals put in. The value set on it is a measure beyond sentiments & emotions. Then again, it absolutely makes tough to choose the best & and only a trusted builder like Varma Homes can help bridge this gap. We build not just superb homes as well as an incredible community for people to live in. We will ensure each client's needs are followed and never compromise on the building materials & construction quality. Even during these tough times arising out of COVID-19, we were managed to complete the projects ahead of the schedule. And we are creating a new benchmark to the real estate industry in Kerala, by completing the projects well ahead of schedule. Furthermore, our transparency is high as far as price, legal documentation, dedication & formalities. Besides these reasons, you can discover which is the best match for you in terms of unending amenities, senior assisted living spaces, good investment returns & guaranteed rentals. Thus, we can ensure that your home purchasing experience is simply incomparable & you remain tension- free when you approach with Varma Homes. Being the most trusted real estate builder in Kerala, we have created a special place in the heart of our clients by producing classic yet modern homes with great attention to detail & uncompromising business ethics. We are presently in the cities of Kerala which cover Kochi, Tripunithura, Thiruvananthapuram, Thrissur and Kozhikode focussing on our aim to construct happiness by widening our reach across different regions in Kerala. Dreams do come true when you discover the right way to realize them. So, go ahead with a reliable builder to realize your dream apartment project. Welcome this new year with a new beginning, forget whatever we faced in 2020, let’s hope for the best. Yes, it's true that we don’t know what’s going to happen in 2021, but there’s room for optimism. We have a vaccine with the assurance of a world returning back to normal. So, hold out hope, perceive your dream apartment right now & make your New Year as prosperous as possible. Here is Varma Homes wishing everyone a gratifying festive season & more sociable & less restrictive 2021!
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