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Why is owning flats in Thrissur more beneficial than buying a house?
When it comes to buying a property, people often face the dilemma of whether to buy a house or an apartment. While buying a house has its own benefits, owning a flat in Thrissur can be more advantageous in many ways. In this blog, we'll explore why owning a flat in Thrissur is more beneficial than buying a house.
Cost-effective
Flats in Thrissur are generally more cost-effective than buying a house. The cost of purchasing an apartment is much lower than buying a house. Additionally, apartments require less maintenance, which can save you a significant amount of money in the long run.
Amenities
Most flats in Thrissur come with a range of amenities, such as a swimming pool, gym, and play area. These amenities are generally not available when you purchase a house. Owning a flat with such amenities can provide you with a comfortable lifestyle without having to leave your property.
Security
Apartments offer a higher level of security than houses. Most apartment complexes have round-the-clock security guards, CCTV cameras, and access control systems to ensure the safety of the residents. This is especially important if you're living alone or have children.
Maintenance
Maintenance is a significant advantage of owning a flat in Thrissur. The apartment complex's management team takes care of all the maintenance and repair work, including painting, cleaning, and landscaping. This means that you don't have to worry about spending money and time on maintaining your property.
Location
Flats in Thrissur are generally located in prime areas, providing easy access to schools, hospitals, shopping centers, and entertainment facilities. This can be a significant advantage for people who don't want to spend a lot of time commuting. The fact that Thrissur is week connected via roads make it's a more desirable location to buy a flat
Rental Income
Owning a flat in Thrissur can provide you with a rental income. You can rent out your property to tenants and generate a steady source of income. This can be a significant advantage for people who want to earn passive income.
Community Living
Apartments provide an opportunity for community living, where residents can interact with each other and build relationships. This can be especially important for people who are new to the area or want to expand their social circle.
Along with this the city of Thrissur is also known for its cultural heritage and diversity, for anyone who wishes to be in the heart of city and cultural life buying or purchasing a flat in Thrissur is a much added bonus
In conclusion, owning a flat in Thrissur can be more beneficial than buying a house. Apartments are cost-effective, offer a range of amenities, provide a higher level of security, require less maintenance, and are located in prime areas. Additionally, flats provide an opportunity for community living and can generate rental income. If you're considering buying a property in Thrissur, owning a flat can be a great option.
One of the greatest builders in Thrissur is Varma Homes. Years of expertise in the industry taught us that real happiness can only be found when the homes built are of quality and most importantly, eventually, become an investment worth a lifetime. For timely and efficient all-time delivery, we strictly follow efficient methods of planning in advance, training labourers, and staff members and adhere to safety procedures.
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Why do people choose Kochi as a future home investment?
Kerala's financial capital city, Kochi is always growing, especially in the real estate field. People choose Kochi as a future home investment only because of the city's excellent facilities such as road and rail connectivity, Metro, etc. Kochi is a leading tourist destination too.The best investment in Kochi is for apartments. Homebuyers are high in rate, as the major IT Hubs are situated in Kochi. People look for easy and convenient daily commutes, hence they opt for apartments or flats. Kochi's real estate market is highly paid and attractive.All potential drivers such as IT development for employment generation, Metro rail for intra-city connectivity, the Smart City tag for basic infrastructure, port-based development for industry and commercial growth, airport terminal for international connectivity and foreign investment and tourism for the hospitality industry are emphasized in Kochi.This will ultimately boost demand for housing and make it one of the next highly-preferred real estate destinations in India. Inclusion in the top 20 Smart Cities:The Ministry of Urban Development, Government of India identified the top 20 candidates under the Smart City mission initiative through a competitive selection process. E-Governance and water management are focus areas as part of pan-city solutions which will help Kochi to access improved and planned infrastructure with assured water and power supply, sanitation and solid waste management, efficient urban mobility and public transport, IT connectivity, etc.Kakanad-Tripunithura-Central City, which is selected as the area for development, will witness intense development in the coming years. Numerous developers are trying to acquire land for real estate development in and around this area. The 'Smart City' tag is expected to boost prices exponentially.New international airport terminal to cater to growing demand:The new international terminal has a very positive economic impact and uplift the real estate market in the whole region. The catchment will witness the development of new retail and commercial spaces along with a good supply of residential and hospitality developments to cater to the increasing demand.The increased international connectivity will also pave the way for global companies and cargo-based businesses to deploy and expand operations nearby. The completion of the international terminal, along with an operational metro, will significantly boost the city's real estate market - and the catchment itself is expected to witness a 15-20% rise in property prices.Venue for one of two submarine cable landings in India:Kochi is one of the venues for 'SEA-ME-WE-3' (South-East Asia - Middle East - Western Europe 3) and 'SAFE' submarine cable landings and is the second Indian location along with Mumbai to have two submarine cable landings. This fact highlights Kochi as an important destination for IT-enabled services. Presently, the Government of Kochi is keen on developing IT/ITeS, as the entire Kerala state is promoting this sector heavily.The major thrust on IT/ITeS development will eventually boost real estate development in the city, as it creates demand for residential properties, Grade A office spaces and retail developments.Ample employment opportunities:The swelling number of businesses in the city has presented residents with increased employment options. The Kakkanad technological cluster and the Cochin Special Economic Zone (CSEZ) have become appealing locations for enterprises and businesses seeking to establish their base in India. The proximity of well-developed transport infrastructure and a large population of potential customers and partners has made the city attractive for businesses seeking to expand or start-up. The presence of large foreign corporations in the city has provided a good platform for the growth of the local employment sector.Continued tourism growth:Kochi receives millions of tourists annually, which is crucial in adding significant value to the city's earnings. It has historical pertinence and is a popular attraction for its coastline, lush countryside, and watersheds. Kochi is also visited annually by domestic tourists for cultural celebrations and festivals. The city's aspiration to become a prominent vacation spot provides a pathway for the skyrocketing demand for the hospitality industry and its ancillary sectors. Furthermore, the proximity of large international airports and the growing popularity of cruise tourism make the city an attractive destination for international visitors.In short, Kochi - which was earlier struggling to recover from an oversupply scenario - will see a massive revival due to the creation of demand from these initiatives. Sustainable growth in real estate prices is now assured in the city, and this has incited new interest from numerous real estate developers from all over India who are keen to launch residential, commercial and hospitality projects there.Varma Homes offer flats in Kochi with the most contemporary design style and architecture. We have been giving flats in Kochi and have a huge happy client base. On-time fulfilment and delivery of projects are some of our strong points. Our flats in Kochi use the most advanced technology, including contemporary design while keeping the highest standards in quality.
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5 Key Tips for First Time Flats Buyers in Trivandrum
One of the greatest purchases most people make is purchasing a home, and with so many different types of homes to choose from, the process can be a little overwhelming. Trivandrum is a terrific place to live because it has so much to offer its citizens. Additionally, Trivandrum offers a large selection of flats to choose from due to the city's burgeoning real estate market.However, before committing to one, you will first need to make sure of these points which will get you a good deal. Research the market: Before committing to a purchase, it's important to familiarize yourself with the real estate market in Trivandrum. Understand the different neighbourhoods, the average price ranges, and the types of properties available. This will help you make a more informed decision about which property to buy.Get pre-approved for a mortgage: Getting pre-approved for a mortgage will give you a better idea of how much you can afford to spend on a property. It will also make the process of buying a flat much smoother, as you'll be able to move quickly when you find the right property.Hire a real estate agent: A good real estate agent can help you navigate the buying process and find properties that meet your needs. They can also provide valuable advice on things like negotiations and closing costs.Consider the long-term: When buying a flat, it's important to think about the long-term. Consider things like the resale value of the property, the potential for appreciation, and the overall livability of the area.Don't rush into a decision: Buying a flat is a big decision, and it's important to take your time and make sure you're making the right choice. Don't rush into a purchase just because you feel pressure to do so. Take the time to weigh your options and make sure you're comfortable with your decision.Here are a few key questions that you should ask before purchasing an apartment in Thiruvananthapuram1. What is special about this project?The builder ought to be able to persuade you of why this specific project is beneficial for you and provide financial justification for it. He should explain why it is superior to projects from other builders as well. This ought to address things like the calibre of the materials used, the after-sales services, the special features, and the excellent location.2. What is the built-up area of the flat?The builder should be able to answer questions about the carpet area, built-up area, and super built-up area precisely and accurately. The pricing of the apartment is based on the carpet area, which is the actual square footage of the apartment you are purchasing. To enable you to assess the overall cost and its viability, the builder should provide you with full details regarding the specs.3. Can you provide copies of all legal documents involved?You should request copies of the following documents, among others: the title deed, the commencement certificate, the approvals and NOCs from various agencies, the previous tax receipts, the RERA registration number, etc. All of these papers will make sure that the property is clear of any flaws that can later end up costing you money.4. What occurs if the project isn't finished on schedule?The builder should offer a detailed contract outlining his obligation to pay a specific sum for each month the project is delayed. This is one of the rationales behind the creation of the RERA statute.5. When should you anticipate the OC?Before you move into your Trivandrum apartment that is ready for occupancy, the Occupancy Certificate (OC) must be supplied; otherwise, you run the danger of being evicted.In conclusion, buying a flat in Trivandrum can be an exciting and rewarding experience, but it's important to do your research, get pre-approved for a mortgage, hire a real estate agent, consider the long-term, and not rush into a decision. With these tips in mind, you'll be well on your way to finding your dream home in Trivandrum.Since its founding, Varma Homes has effectively established itself as one of Kerala's most reputable builders. We started out with residential construction in Kochi and have since extended to Thrissur and Trivandrum. We'll be launching in Calicut and other big cities very shortly. To constantly produce the greatest service and quality in our pricing range, we make it our full-time goal. We don't have any projects that are stuck at Varma Homes since we firmly believe in creating satisfaction for both our team members and our stakeholders.
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Buying An Apartment in Thrissur Is A Wise Move
The third-largest urban agglomeration in Kerala and the site of the Thrissur Pooram festival, Thrissur is situated precisely in the geographic centre of the state of Kerala. The land of festivals is also one of Kerala's most vibrant commercial centres, drawing visitors from all over the nation and state due to the rising demand for flats in Thrissur.Are you aware that Thrissur is a city with a bridge-like existence? the span that connects North and South Kerala. The district added another gem to its gorgeous crown as a result of this bridging quality.Thrissur has now grown significantly. In terms of being a city that encourages investment, it has improved. It is also close to important cities like Kochi. And Kochi also happens to be Kerala's commercial centre. Thrissur is the ideal location to invest right now because Kochi is nearby. The need to acquire assets in Thrissur is thus currently tripling. Many people are interested in Thrissur's spirituality, culture, and booming economy.1. AccessibilitySince Kerala's cities are not all located in the same general area, not all of them can boast that the bulk of their flats and apartments are conveniently accessible. Thrissur is an exception in this regard and is situated exactly in the geographic middle of the god's own country, making travel to other areas of the state as well as to the bordering states simple.2. Cultural elementThrissur is the top real estate investment location in Kerala and is renowned for its cultural diversity and reputation as the "country of festivals." Owning a residence in the centre of Kerala's cultural life, which attracts attention from around the world for its famed Thrissur Pooram, increases the district's importance.3. Weather conditionsThe attractiveness of the green, clean city of Thrissur among buyers of homes is boosted by its promotion of environmental protection, growth, and preservation. The city's constant temperature, which never rises or falls, contributes to the stability of one's pleasant modern lifestyle.4. Fourth-Generation IT HubThe real estate market in Thrissur, which is home to one of Kerala's main IT centres, is still in its prime, rising stage and has not been affected by oversupply like the other IT centres of the state. Customers have benefited greatly from the thriving real estate sector since builders in Thrissur are continuously trying to innovate.5. NeighborhoodThe area of Thrissur city also makes it easy to get to corporate hubs, medical facilities, schools, and well-known landmarks as well as large retail complexes (City Centre and Sobha City Mall). There are three medical institutes, including the Kerala University of Health Sciences, located in the suburbs of the city, which are exceptionally equivalent to the major cities of Kerala. The famous Sree Kerala Varma College and the Kerala Agricultural University have added to the city's long history of educational importance.6. A healthy cash flowThere will always be a demand for real estate properties that people would rent or take a lease on because Thrissur is a thriving commercial centre where thousands of people come in search of employment. Your purchase of apartments in Thrissur as an investor seeking a consistent return will, as a result, ensure a positive cash flow.7. Return on Investment (ROI)The return on investment should be the first consideration when thinking about investing in real estate since if an investment doesn't produce your fantastic returns, it will be of no value (ROI).Due to Thrissur's consistent growth, investments in the area's future are completely guaranteed because the region's expanding economy will only increase your property's return on investment. The price of the property will go up if you decide to sell it in the future, and the longer you keep your investment property, the bigger profits you'll get.One of the greatest builders in Thrissur is Varma Homes. Years of expertise in the industry taught us that real happiness can only be found when the homes built are of quality and most importantly, eventually, become an investment worth a lifetime. For timely and efficient all-time delivery, we strictly follow efficient methods of planning in advance, training labourers, and staff members and adhere to safety procedures.
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Kochi, also known as the Queen of the Arabian Sea, is a fast-developing city in Kerala, India. With a vibrant mix of culture, heritage, and modernity, Kochi is one of the most sought-after destinations for real estate investment in Kerala. In this blog, we will discuss the top 5 reasons why flats in Kochi are the best option for resale.High appreciation value: The real estate market in Kochi is booming, with property prices increasing year on year. Buying a flat in Kochi can yield high returns on investment in the future. Kochi's strategic location and well-developed infrastructure make it an ideal place for families and professionals to live, which further increases the demand for flats.Developed infrastructure: Kochi has well-developed infrastructure, including excellent road networks, public transportation like road, railways, airports, dockyards, flyovers, Bypass and Metros, and healthcare facilities. This makes it an ideal place for families and professionals to live, which further increases the demand for flats.High-quality construction: The construction quality of flats in Kochi is high, with most builders using high-quality materials and modern construction techniques. This ensures the durability and longevity of the property, reducing the maintenance costs over time.Rental income potential:Kochi has a high demand for rental properties, making it an ideal place to invest in a flat. Investors can expect a stable rental income from their investment, which can increase the resale value of the property in the future.Tourist destination: Kochi is a popular tourist destination, with many visitors coming to explore the city's culture, heritage, and natural beauty. The demand for short-term rentals is high, which further increases the rental income potential for investors. This also makes the flats in Kochi an attractive option for resale, as the demand for vacation rentals is expected to rise in the future.In conclusion, flats in Kochi are the best option for resale due to their high appreciation value, developed infrastructure, high-quality construction, rental income potential, and tourist destination status. These factors make Kochi an ideal place for real estate investment, with high potential for returns on investment. However, investors should also consider factors such as legal due diligence, location, and market fluctuations before making the investment. By following these guidelines, investors can ensure that they make a wise and profitable investment in real estate in Kochi.
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Things to consider while purchasing Flats in Thrissur
Thrissur, also known as the cultural capital of Kerala, is a rapidly developing city with a rich heritage and cultural significance. The city is a hub for trade, commerce, and education, making it an ideal place for investment in real estate. However, buying a flat in Thrissur can be a daunting task. In this blog, we will discuss the important things to consider while purchasing flats in Thrissur. Location:The first and foremost thing to consider while buying a flat in Thrissur is the location. The location of the flat should be easily accessible from major transportation hubs, hospitals, schools, and other essential services. It should also be in close proximity to commercial and business centers to ensure convenience. Builder Reputation:It is crucial to invest in a flat built by a reputable builder. You should research the builder's history, previous projects, and customer feedback to ensure that you are investing in a high-quality flat. A good builder will use high-quality construction materials and techniques, ensuring the durability and longevity of the property. Amenities:The amenities provided in the flat should be considered before making the purchase. The flat should have all essential amenities such as electricity, water, and proper ventilation. Additional amenities such as gymnasium, swimming pool, and clubhouse can enhance the quality of living and make the flat a better investment. Floor Plan:The floor plan of the flat should be taken into consideration before making the purchase. The flat should have adequate space and proper utilization of the available area. The design and layout of the flat should be appealing and functional, providing maximum convenience and comfort to the occupants. Legal Documentation:Before investing in a flat, it is essential to ensure that all legal documents are in order. The title of the property should be clear and free from any encumbrances. All necessary approvals and permissions from the local authorities should be obtained by the builder. Security:The safety and security of the flat and its occupants should be given utmost importance. The flat should be equipped with modern security features such as CCTV cameras, intercom, and security personnel. This will ensure the safety and well-being of the occupants. Resale Value:The resale value of the flat should also be considered while making the purchase. The location, amenities, and reputation of the builder play a crucial role in determining the resale value of the property. Investing in a flat with good resale value will ensure that you get a good return on your investment in the future. Price:The price of the flat should be compared with other similar properties in the area to ensure that you are getting a fair deal. You should also take into consideration the payment plan and financing options provided by the builder. In conclusion, purchasing a flat in Thrissur can be a lucrative investment if done with careful consideration. Factors such as location, builder reputation, amenities, floor plan, legal documentation, security, resale value, and price should be taken into account before making the purchase. By following these guidelines, you can ensure that you make a wise and profitable investment in real estate in Thrissur.
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