Investing in property in their home state or city gives many NRIs a sense of connection to their roots as well as a sense of security. This emotional bond might be especially strong for Gulf NRIs who have lived and worked overseas for an extended period of time. Purchasing real estate in their native state or city might help individuals keep links to their cultural background and familial relationships. Furthermore, for Gulf NRIs hoping to return to India in the future, investing in property may give a sense of security and stability. They might live in the property alone or with family members, or they can rent it out. For many Gulf NRIs, purchasing property in India is a financial as well as an emotional choice. Having a house in their home state or city offers a sense of stability, comfort, and familiarity, which can be beneficial for those who live far away from their relatives and loved ones. Furthermore, investing in real estate in India may be viewed as a means for people to give back to their home country and contribute to its growth. It is a method for many Gulf NRIs to express their pride in their cultural heritage and dedication to their community.
The value of one currency in respect to another is referred to as an exchange rate, and it can fluctuate over time. When the exchange rate between the Gulf nations and India is advantageous, Gulf NRIs might get more Indian rupees for each unit of their currency. This might make investing in real estate in India easier and cheaper for them. For example, if the conversion rate is 1 USD = 75 INR, a Gulf NRI wishing to invest in real estate in India would need to spend $75,000 in order to purchase a home worth 56,25,000 INR. If the exchange rate is 1 USD = 80 INR, the same property will cost the Gulf NRI just $70,312.50, making it more affordable. Favorable exchange rates can make it simpler for Gulf NRIs to invest in Indian real estate by lowering the amount of foreign cash they need to spend. But, bear in mind that currency rates are unpredictable and can move quickly, so keep a watch on them before making any investing decisions.
Kerala has a thriving rental industry, notably in towns such as Trivandrum, Kochi, and Calicut. Because of the increasing demand for rental properties in these locations, Gulf NRIs may be able to earn significant rental yields on their assets. The rental yield might vary depending on the property's location, nature, and quality, as well as the current rental prices in the region. Nonetheless, Gulf NRIs may often expect rental rates of 4-6%, which is considered a fair return on investment in the Indian real estate market. With the emergence of holiday rental sites such as Airbnb, Gulf NRIs may be able to earn even greater rental returns by renting out their houses as short-term holiday rentals, especially in famous tourist locations such as Kerala. Overall, the prospect for high rental yields may be appealing to Gulf NRIs wishing to invest in Kerala real estate.
Growing real estate markets in India are drawing Gulf NRI investment. Kerala, in particular, has experienced a recent spike in real estate demand and property prices, making it an appealing option for Gulf NRIs wishing to invest in Indian real estate. The increasing demand for housing as a result of the state's expanding population, urbanization, and infrastructural development is one of the causes behind Kerala's developing real estate industry. The development of new IT parks, commercial hubs, and industrial zones in towns like Trivandrum, Kochi, and Calicut has also generated job possibilities and drawn more residents to these areas, increasing housing demand. Kerala's state government has established a number of policies and efforts to help the real estate sector, including easing the clearance process for new projects, giving incentives for affordable housing, and granting tax breaks to real estate developers. The previously stated advantageous exchange rates and high rental returns, together with the emotional tie that many Gulf NRIs feel to their home state or city in India, have all contributed to Kerala's expanding real estate industry.
The advantageous exchange rate is one of the elements that makes property investment in Kerala inexpensive for Gulf NRIs. Because the Indian rupee is often lower than Gulf currencies, Gulf NRIs may be able to obtain more bang for their buck when investing in Indian real estate. With the advent of the Indian government's affordable housing projects, there has been a drive for developers to create more inexpensive homes in Kerala and other regions of the nation. As a result, the supply of cheap houses in Kerala has increased, making it simpler for Gulf NRIs to discover residences that meet their budget. For Gulf NRIs interested in investing in Indian real estate, many financing alternatives are available, including house loans from banks and financial organizations. While property costs in Kerala vary according to location, kind, and quality, there are many reasonable choices accessible for Gulf NRIs interested in investing in Indian real estate.
There is the legal protection given to Gulf NRIs who invest in property in Kerala, India. The Indian government has put in place different legislative frameworks to safeguard property purchasers' rights and guarantee that the real estate business is open and responsible. The Real Estate (Regulation and Development) Act of 2016, for example, attempts to regulate the real estate market and promote openness, accountability, and efficiency in transactions. The statute compels developers to register their projects with the Real Estate Regulatory Authority (RERA) and submit complete information about the project, such as its completion timetable, specs, and cost. It also requires developers to deposit a set amount of the project's cash in a separate bank account to verify that the funds are utilized for project development. In India, there are several consumer protection regulations, such as the Consumer Protection Act of 2019, which offers a framework for customers to seek remedies for any issues linked to transactions with developers or builders. In the event of a disagreement or legal issue arising from their property investment, Gulf NRIs have legal recourse. To resolve disagreements between parties, the Indian legal system offers numerous dispute resolution processes such as mediation, arbitration, and litigation.
Gulf NRIs are clearly investing in Kerala property for a variety of reasons, including emotional tie to their country, good exchange rates, strong rental yield, a developing real estate market, and inexpensive costs. Several surveys and data on real estate investments in India reveal a considerable growth in investments from Gulf nations in recent years, indicating a trend of Gulf NRIs investing in Kerala property. Furthermore, anecdotal information from real estate developers and property agents in Kerala shows that Gulf NRIs are increasingly interested in investing in houses in the state. It is apparent that Gulf NRIs see Kerala as an appealing property investment location, and this trend is expected to continue in the future years.
Due to the amount of urban development and the improvement in people's financial circumstances, the way of life of the people in Kochi is constantly changing. Additionally, the cost of land and houses have now grown due to Kochi residents' shifting lifestyles. As a result, there is a much greater demand for apartments and flats in Kochi.As the leading builders in Kochi developed innovative projects aimed at the salaried classes and high-profile individuals, including NRIs, the sector has experienced a surge in growth. Additionally, banks have done their share to lower the interest rates on house loans. Professionals and businessmen from all sectors are migrating to Kochi these days, and there is therefore a significant demand for flats and apartments in the city. Even for individuals who do not live in the city permanently, having an apartment or a flat in Cochin is thought to be a good option. Kochi is the most favoured city to reside in due to how easily accessible everything is. It is also perfect to live in Kochi close to the city's top hospitals, shopping centres, commercial districts, academic institutions, and airport.The number of property buildings from the greatest builders in Kochi has expanded as a result of the district's abrupt development. Even the banks have lowered the interest rates on mortgages in light of the expansion of the real estate market.The initiatives are mostly aimed at professionals, NRIs, and other salaried individuals who want to relocate to the "Queen of Arabian Sea."Why have Flats in Kochi??Even if it's not for living in, having an apartment in the city might be advantageous because many professionals can find apartments close to their place of employment. The benefit of the rental option goes to the property owners who have apartments close to the infopark and apartments close to Kakkanad.Since many government offices and the Infopark, Kochi's IT hub, are located in Kakkanad, these two areas are the key draws for IT professionals and government employees.Main Attractions of Kochi!!The demand for houses in the primary shopping destination regions expanded even further with the recent construction of the highly regarded malls in Kochi. The LULU mall in Edapally is the best illustration. When compared to other important areas in the city, Edapally has a larger density of properties.The projects from the builders, such as Retirement Living, which primarily targets retired people for quiet living with individuals of the same category, are another aspect that contributes to the changing lifestyle.The expanding Metro, which connects all of the city's key locations, is another benefit that contributes to the changing lifestyle because the key locations can be reached in a split second. And it's advantageous to live close to a metro station.Additionally, it is advantageous to be close to Kochi's top medical facilities, shopping centres, business districts, academic institutions, and airport.A Place For EveryoneEven residents of different states and districts choose to remain in the city because it offers all the essential services and necessities. Flats in Tripunithura and those close to the infopark, where there are many young people, are in high demand.Kochi is the most popular city to live in due to its simple accessibility via road, rail, river, and air transportation channels. Even those who are not permanent residents find Kochi to be excellent given the current state of investment and commercial prospects. Kochi may also be the parent of individuals from various locations.Since individuals desire to enjoy a lovely view, the demand for apartments that face the Arabian Sea is considerably higher. Due to the view's proximity to the port and the sunset, they also favour it.The demand for waterfront apartments from residents of other regions of the state is consistently high. As a result, there is a greater need for a higher standard of living. People in naive places are also in greater demand for apartments. In addition, they want to see how city dwellers live.Given its rapid urban development, Kochi offers builders a wealth of opportunities. They have the capacity to serve as the foundation for innovations that reach extraordinary heights. If you are looking forward to buying affordable apartments in Kochi, pay a visit to Varma Homes sample apartments.
Read MoreWith the increasing number of new apartment projects in Cochin which has already set a backdrop for such a promptly emerging city, there is also a strong sense of an honest pride in the minds of every Kochiates for the captivating infrastructural development by the Kochi Metro Rail Project that gave a complete makeover to the city of Kochi. The latest news discloses that Metro is to touch Angamaly in the near future. The existing Metro line will be extended from Aluva to Angamaly. And the greater news is that the Kochi Metro service will soon be extended to Thrissur, which is just 50kms away from Angamaly. Kochi and Thrissur could now be easily connected via a metal belt, which will in turn boost the development of both the districts. The metro connectivity to smaller neighbouring cities will immensely help in their growth and development. Kochi and Thrissur have been closely connected through trade and commerce for several years. And with the Metro Rail service, these twin cities will have greater accessibility to many places including the International Airport that will surely let them to share various growth prospects together. The better international connectivity will greatly pave way for more global companies and cargo-based businesses to expand operations in the Cochin city and even in Thrissur. The enhanced employment opportunities will create a huge boom in the real estate market, making both Kochi and Thrissur the major real estate hotspots and residential hubs. With the predictable flood of people that will shift base to Kochi and Thrissur due to the kind of quality lifestyle that both these cities offer, there will be high demand for luxury apartments in Thrissur and apartments in Kochi. The prime residential areas that are going to be swamped by people’s attention are Thripunithura and Edappally in Kochi and Kottappuram and Poochatti in Thrissur. Since the budding of vast number of 2 bhk flats in Thrissur and flats in Kochi, it’s very much important for you to buy only the ones that live up to your expectations and meet all your needs. When thinking of buying a new home, it’s always best to go with the builder that you trust the most. One of the most promising builders of today, ‘Varma Homes’ have got some wonderful upcoming and ongoing projects in all the major locations of Kochi and Thrissur. The new launch in Thrissur - Varma Spectrum, the luxury apartments at Poochatti is one of the most spellbinding creations of Varma Homes that is highly affordable with all the modern amenities possible. Something else you need to further look at is the compact apartments of Varma Homes in Edappally called Varma Regent, the project handing over ceremony of which is to be held on 15th of January 2018. It is said to be the first project handover of the best builders in Kochi. With an advantage of being located proximate to famous schools, railway station and other well-known places of worship, Varma Maalika, the luxury apartments in Tripunithura is one of the cleverest choices that you can make while looking for luxury flats in Tripunithura. The project handing over ceremony of Maalika is finalized to be held on 1st of February 2018. Varma Kottaram, the luxury apartments in Tripunithura is one of the most desirable living spaces offered by Varma Homes for all the home seekers who look for a royal abode combined with elegance and most modern conveniences. It is one of the prestigious ongoing projects of the top builders in Cochin. The Varma Padipura, luxury apartments of Varma Homes located in Tripunithura is one of the ongoing projects which is crafted to perfection that o?er breathtaking views combined with a lifestyle that is designed for high ?yers. Ensure to make clever and wise decisions on real estate investments while the time is right in the most preferred cities of Kerala like Kochi, Thrissur and also Trivandrum. (To be continued…)
Read MoreYet, another apartment of Varma homes is launching soon in the heart of Kochi, Chottanikkara. Varma homes are successfully continuing its growth in the real estate industry as one of a kind. Varma Homes are always dedicated to constructing happiness and created our own milestones in this competing industry with the diversities and uniqueness in our projects. We provide advanced facilities for our apartments and villas and are intended to deliver happiness with innovative designs and amenities. Major projects of Varma Homes are mainly spread across various cities in the Gods own country, Kerala like Trivandrum, Thrissur, and Kochi. When thinking of purchasing a new home or apartment, the right decision can be taken by approaching a trustworthy builder. Varma Homes are one of the best trustworthy builders who is always fascinated to create happiness in clients by meeting their desires and dream based apartments. Because of our top-notch services and cutting-edge technologies, we have become one of the most promising builders which have grasped the attention of clients with the wonderful upcoming and ongoing projects in all the core locations of Kerala especially in Kochi. With a strong focus on value and excellence, the qualified workforce of Varma Homes turns each person’s dream apartments and villas into reality. Our upcoming residential project is in Chottanikkara, which will be one of the best constructions of Varma Homes stuffed with all the ultra-modern facilities in 2 & 3 BHK compact apartments. The speciality of Varma homes is to construct happiness at affordable rates. The compact apartments of Varma Homes in Chottanikkara are surely now going to grab the attention of clients with its highly advanced amenities and technologies. Each apartment or home from Varma homes is always creating its own identity and promises a safe and protected noble living atmosphere for future generations. Why Varma Homes Becomes The Home Buyers First Choice? With the unique and trendy designs, Varma Homes become the first choice for home buyers. We are focused on constructing happiness among individuals. Emerging as a prominent developer for delivering various apartments for different regions across Kerala. The vast collection of apartments at Varma homes lets home chasers to cherry-pick their dream space in harmony with different tastes. Our apartments are smartly crafted and deliver a life of modest luxury. At Varma Homes, we believe in investing securely in happy homes for really experiencing the true mist of life. We have retained our incomparable quality and top standards in constructing homes over the years and this comprises picking the right vendors and associates who are equally responsible for getting the best for clients. We are focused on to satisfy all investors, employees and stakeholders. Apartments from Varma Homes stand out from the tight competition as our portfolio satisfies to all sections of people who dreams of experiencing a comfy lifestyle on a low-priced apartment. We invite you to join our developing community of satisfied clients for making their dream of owning their perfect homes with unmatched quality and services within a reasonable price. We can guarantee that you can meet up with the aesthetic beauty in hygienic green environs coupled with all the fundamentals for the practical comfortable stay. Here you get the lifelong Investment of celebration, happiness and comfort. So to experience the world-class noble living at its best, Varma Homes is the best and the finest choice.
Read MoreAnother year is coming to an end, a new year soon begins! The beginning of the year is the time for fresh starts. If you have any plans of owning your own home in the heart of Kochi to celebrate this New Year and to arrange a party inside your apartment for like-minded people, then head off to Varma Homes. You can get the best apartment in various zones of Kochi. Owning a home is dreams come true in anyone’s life, as it is the most valued possession and a lifetime investment. For this, you have to choose the right builder with the good track record. Celebrate This New Year with Varma Maalika I Varma homes, the leading builder in Kerala with a proven record of accomplishment and years of expertise. We always maintain to keep promises to our customers. One of our major ready to occupy apartment furnished for the NEW YEAR 2019 is Varma Maalika I which is situated in the most tranquil living environ of Kochi, Tripunithura. It is away from all the hustles & bustles of the city, but it has close proximity to all urban development, which includes numerous educational institutions, shopping malls, temple, multi-specialty hospitals etc. It is perfect for those who need a tranquil life. This project offers exclusive 2 & 3BHK luxury homes ranging from 890sq.ft to 1310 sq.ft with the perfect blend of opulence and comfort. The luxury budget home is built with love, filled with extra comfort, and are designed to create happiness among people. Each wall, nook, & corner of this apartment has a story and offer true love, happiness, and comfort. Welcome this New Year with Varma home and bring more joy and peace to your life. A new home means an electrifying new beginning, new friends, and new environs to explore. If you are ready to purchase our ready to occupy apartment Varma Maalika I or wants to know further about Varma's Maalika contact us soon and avail the big surprises that await you in these holidays! Why We Stand Out Unique From Others? We perfectly comprehend that this industry is one among the most competitive spheres. Therefore, we put our best to bring advanced luxurious apartments and flats to our clients to align with their demands and to reflect their lifestyle. We always created milestones by making new success stories to our journey by constructing excellent spaces with outstanding superior quality, services and focusing on fulfilling the desires of our employees. We are confident that we can continue our successful journey with our uniqueness from other builders. We remain unique from others with our insights and unique styles. We can proudly deliberate the skill sets that make us unique from others are: . Customised solutions . Zero compromises on Quality . Professionalised work execution . Transparency in dealing with clients . Reliability & Timely delivery . 100 % Customer Satisfaction . End-to-end execution Varma Homes emerged as the pioneer developer for delivering various apartments across Kerala. We are now in 3 major cities of Kerala which include, Kochi, Thrissur and Trivandrum. We are now on a mission to construct happiness by building new apartment projects for different regions across Kerala. Enjoy this New Year with Varma Homes, Book now and benefit early bird offers!!!
Read MoreTrivandrum, 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.
Read More