Why Kochi Is the Perfect Place to Buy a Flat Right Now
Why Kochi Is the Perfect Place to Buy a Flat Right Now
There is no denying that India's real estate market is booming. The demand for property owners in the real estate sector has increased manifold in the last few decades. If you want to get into the property investment, then Kochi might be your place. The city of Kochi has a thriving real estate market and is home to some of the best properties in India.
Kochi is not just a smart city. It is home to airport terminals, commercial growth, port-based industry development, cross metro rail, tourism, massive career opportunities and foreign investment. Kochi also boasts a burgeoning IT industry. In this blog post, you will learn about some of the best reasons to consider moving to this city if you want to take your wealth creation to the next level with real estate investment.
Luxurious features:
Builders are delivering premium homes and apartments in Kochi with luxury facilities as the demand for luxury residences grows. The facilities you choose are entirely up to you, based on your needs and budget. Because it is an issue of your everyday commute, accessibility to your business and important routes should be considered. Shopping locations and transportation accessibility should also be considered.
Healthcare Facilities:
During this medical breakdown, the hospitals and primary health centres in the city have responded quite effectively. This resulted in bringing down the rates of affected people and helped to restore life back to normal. Passengers arriving at the railway station and airport during this time were given thorough check-ups and made sure they continue to take proper care for themselves, even if they were not admitted to the hospital. Being an owner of an apartment in Kochi means you are guaranteed to stay healthy and secured in good hands.
New international airport terminal to cater to growing demand
Cochin International Airport Ltd (CIAL) constructed an INR 1,100 crore international terminal with a built-up space of 15,00,000 sq ft. It is designed to handle 4,000 passengers per hour and the new international terminal will have 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 international terminal, along with an operational metro, will significantly boost the city's real estate market and the catchment itself is expected to witness 15-20% rise in property prices.
Education and Profession
When buying apartments in Kochi, you should think about the educational and professional facilities available. Kochi is home to some of the country's most prestigious educational institutions. In the city, many foreign schools and institutions provide high-quality education. Kochi is now a burgeoning IT center, with the Infopark and Smart City providing a plethora of career prospects. As a result, professionals and the general public can find a wide choice of work and business opportunities in Kochi.
The Support system:
While we were busy living our lives indoors during the pandemic, there was a whole bunch of livestock, organic farms and godowns ready to serve the city's needs. Terrace gardens, farms and Fishermen folks slowly get their day-to-day activities eased and go smoothly, which essentially provides for you and your family in the future.
Destination of Opportunities:
Now, as Kerala has become the number one state in the entire country to show more positive signs in the recovery mode, the opportunities are flooding in. Being the perfectly modulated economic zone in the state, the city of Cochin is the number one prime spot for some major investments in the coming times. A recent report from a National Daily suggests that the manufacturers who are backing out from other countries are looking forward to investing more in India, especially in Kerala. This stands for new opportunities in business ventures and the job market. This way, it is possible to consider your apartment in Kochi and that dream will be paid off in the future.
Market for happiness:
The city of Cochin which we have witnessed, even before the pandemic was struck, has a lot in its bag and will reclaim its space, once it's all over. The hotels and restaurants are coming back to the track, the hangout places in Fort Kochi and Marine Drive will kick-start with people coming to share their thoughts and love. By securing your flat in Kochi you are invited to partake in these lasting moments of true happiness and smiles.
Bottom line
Kochi, not now but always stands for the richness of both culture and heritage making it a sought-after travel and tourist destination. This also makes a good reason for you to enjoy a bit of culture and heritage and carry forward the same in your life with your dream home.
With all modern amenities available on tap, buy flats in Kochi, an ideal location for buying your dream home.
For a luxurious and posh apartment, you can visit our website and look for flats in Ernakulam and Kochi. The team at Varma Homes is devoted to creating high-quality commercial and residential projects that are both inexpensive and attractive.
Releated Blogs
Thrissur Residents - Apartment Style of Living
The people in Kerala is taking up a different angle in apartment living perspective as many number of people are opting for community living in most of the cities. The emergence of industrialization and the boom in modernization has completely changed the present lifestyle scenario. When cities like Kochi and Trivandrum, have already welcomed apartment living, it is now the time for Thrissur to set the stage to embrace the apartment living style. Thrissur, the Cultural Capital of Kerala is among those cities that has gained so much popularity in the development of real estate industry in the recent years. And this has paved the way to the rise of apartments and flats in Thrissur in great numbers. Here, Varma Homes - the top builders in Kerala shall discuss some of the advantages of buying flats and apartments in Thrissur over independent homes. People residing in independent homes rarely make an attempt to acquaint with their neighbours. But the situation is different in case of people sharing the same building. The people living in apartments know each other and they constantly gather to strengthen & maintain the cordial bonds of communal living. No one really takes the effort to build fitness centres or swimming pools spending big bucks for their own homes. But you have the access to a wide range of amenities including fitness centres, swimming pools, rooftop party area, recreation space, children’s play area and much more with apartment living, which is considered as an added advantage. The legal sophistication, rising land & housing prices and the need for better security homes are some of the major factors that has led people to restrain the thoughts of building an independent home on their own. Varma spectrum - the new luxury apartments situated at Poochatti marks Varma Homes’ entry into Thrissur. It is close to NH and nearby to Bhavan’s Vidya Mandir. The amenities offered include fitness centre, furnished lobby, rooftop party area, recreation space, library, indoor play area, water treatment plant, provision for 24hrs security, firefighting system, sewage treatment plant, surveillance camera on selected areas, etc.
Read More
Why Should I Invest For a Second Home?
Thinking about a second home, if you have enough savings to invest in a second home, it will be a very plausible idea with high-profit potential. Since the real estate market has always been a risk-free & safe investment choice. However, before you go ahead with the plan to buy your second home, you have to consider certain things like you have no overhead debts, you have sufficient reserve and emergency funds and of course, you have a good and stable source of income. If all these are fulfilled, you can head down to execute your plan for your second home. Going to own your second home has several benefits in terms of investment choice or getting a regular income. Here we list down some reasons you should go for your second home if you have enough cash for investment. • The Promise of Assured Rent With high real estate prices, the clearest benefit of buying a second home is the promise of assured rent. As rental income has improved manifold over a period which makes buying a second home to rent out is the right method for a stable regular source of income. Also with the implementation of RERA and GST in the real estate market, now investing in second homes for rental income will progressively more become a trend. • Adding a High-Value Asset Owning a second home is obviously another investment in your investment basket. Due to the fast pace of growth in the real estate market in India, the value of your home would also be getting higher. So it will give you a high-value asset over a while and this may be sold later at a high price to liquidate the asset. For the time being, one can add to the rental income in their bonus perks. • Retirement Home As retirement emerges on the possibility, many of us commence worrying about their money & where to invest to relieve their retirement life. But owning a second home is the ideal investment choice & you got the freedom to go to a place for a change that is fully yours. Alternatively, even you can move to that home if you find it more suitable for your happy retirement life, renting out the earlier one. Otherwise, a second home can be used as the fixed source of income after your retirement if you put it on rent. • Tax Savings Buying a second home also comes with the extra incentive of tax savings. i.e. If you have taken a loan to own your second home, you can get tax considerations up to Rs 2 lakhs towards the interest paid & a tax deduction up to the total paid towards interest when the home is let out on rent. This aid you save tax on the loan simultaneously, adding up a high-value asset. • Savings for Future Purpose Despite providing extra rental income & tax benefits, second homes are considered good investment choices for the future purpose like children’s education, children’s marriage, retirement, future emergencies or events. Emergencies always come unexpectedly, so based on your financial state, you could very well sell your second home and use the cash to deal with your financial burdens. So, now we have seen the perks of owning a second home. In the meantime, if you want to buy a second home for investment? Check Varma Homes projects right away! Visit: www.varmahomes.com. Being the best and the most promising real estate builders in Kerala, you can completely trust Varma Homes for your future investment choice. We have our ongoing residential projects in major parts of Kerala like Kochi & Thrissur & Trivandrum. So believe in us, have the best home and get the best experience with us.
Read More
10 smart tips to buy your dream home at a young age
Start saving earlyYou may save a sizable down payment over time if you start saving early. This can help you get a better mortgage interest rate and minimize the amount of money you need to borrow, saving you thousands of dollars in interest payments over the life of your loan. Saving early might assist you to avoid incurring excessive debt while purchasing your dream house. You can save financial burden and make it simpler to pay off your mortgage over time if you make a sizable down payment.Determine your budgetMake a list of all the expenditures you will have to pay when you buy a house, such as mortgage payments, property taxes, homeowner's insurance, utilities, upkeep, and repairs. Calculate how much cash you can put down as a down payment. A higher down payment will lower your monthly mortgage payments and interest rate. You may set a budget and make a realistic plan for purchasing your dream home when you are young. Remember to be honest with yourself about how much you can afford to spend and to avoid overpaying, which can lead to financial problems in the future.Check your credit scoreWhile purchasing your ideal home, it is critical to verify your credit score. Your credit score is an important aspect in determining whether you qualify for a mortgage and what interest rate you will be offered. A higher credit score may enable you to obtain a lower interest rate, saving you money throughout the life of your loan. Monitoring your credit score before beginning the home-buying process can give you a sense of where you are and whether you need to make efforts to improve it. It will also enable you to detect and remedy any problems or inconsistencies in your credit report.Research the real estate marketReal estate is a broad sector, and you must decide which area of the market you want to investigate. For example, you could wish to concentrate on residential or commercial properties, a certain geographical location, or market trends. After you've decided on a study topic, you'll need to collect and evaluate pertinent data. Data on property prices, rental rates, vacancy rates, property inventories, and demographic trends may be included. Studying the data will assist you in identifying market patterns and trends, such as changes in property prices or variations in demand for specific types of properties. You can utilise statistical tools and techniques to successfully examine the dataWork with a reputable real estate agentReliable agents are well-versed in the local real estate market, including the elements that influence property values and trends. This knowledge may be quite useful when buying or selling a home. Skilled agents frequently have a large network of real estate industry contacts, such as mortgage brokers, house inspectors, and contractors. This network can be useful in locating the correct persons to assist with the transaction. Real estate brokers are well-versed in the legal elements of purchasing and selling homes, such as contracts and disclosure obligations. They may assist in ensuring that all legal criteria are completed and the transaction runs smoothly. Varma Homes has the negotiating abilities to assist you receive the best bargain possible whether buying or selling a home. They may assist you in navigating the transaction's intricacies, such as the bidding procedure, counter-offers, and other discussions.Factor in additional expensesHome maintenance and repair can be a big recurring expenditure. When purchasing your dream home, it is critical to factor in these expenditures, which include normal upkeep such as lawn care, HVAC tune-ups, and repairs for unanticipated situations. Homeowners pay HOA fees in many communities to cover the expense of common area upkeep and amenities such as pools, clubhouses, and landscaping. These costs may differ based on the neighborhood and the facilities available. Moving costs vary based on location, number of items, and other considerations. Hiring a moving company, renting a vehicle, or purchasing packing goods are examples of these costs. If your ideal house requires modifications or improvements to fit your demands, these expenditures must be considered.Don't rush into a decisionPurchasing a home is a substantial financial investment. If you make a hasty decision, you risk overextending yourself financially, which may lead to stress, financial issues, and even foreclosure. Jumping into a house purchase may indicate that you have not fully prepared for the process. This can result in errors, oversights, and missed opportunities. Purchasing a home is a complicated process that necessitates an understanding of the real estate market, lending sector, and legal requirements. If you make a hasty decision, it is possible that you haven't taken the time to educate yourself on these aspects.Get everything in writingA written contract clarifies the agreement's conditions, such as the price, payment terms, closing date, and any contingencies. It protects both the buyer and seller by clarifying each party's responsibilities and obligations. This can assist to avoid future arguments and legal concerns. Both parties are held accountable for their promises and obligations under a documented contract. This guarantees that everyone engaged fulfills their responsibilities. It is legally binding and can be used as evidence in court if there is a disagreement. Both the buyer and seller benefit from this degree of safety and security.Hire a real estate attorneyA real estate attorney may analyze the purchase agreement and other legal paperwork to ensure that your interests are safeguarded and that no legal concerns occur later. Throughout the home-buying process, a real estate attorney may give legal assistance, including clarifying legal jargon and addressing any concerns you may have regarding the transaction. He can perform a title search to confirm that the property's title is free of any liens or other legal difficulties that could jeopardize your ownership. represents you throughout the closing process, ensuring that all legal requirements are completed.Be patientIt takes time to find the ideal home. It is critical to be patient and wait until you locate a property that fulfils your wants while remaining within your budget. If you rush into a purchase, you may end up with a home that is not a suitable fit for you. Prior to closing on a property, it is critical to conduct due diligence, which includes a home inspection, title search, and study of legal papers. Being patient and doing all necessary diligence might assist to avoid costly shocks later on.
Read More
Investing in Real Estate or Stocks: Which is a Safer and More Profitable Option?
Invest in real estate or invest in shares? You may have often wondered which the best form of investment is. Both have an image of being lucrative, but which is the better option? Is it better to invest in shares, or should you consider purchasing real estate instead? There are many options available when it comes to investing. The two most popular ones are real estate and stocks. But, many people find it difficult to choose between the two and often end up choosing both or none at all. Real estate and shares are two valuable investments. When it comes to buying real estate or shares, the ultimate choice is yours. Both entities will give you a financial return on your investment (ROI), but they can be different in many ways.Real Estate Vs Stocks in KeralaIf you understand what you've been doing, stocks can be a wise investment. You don't need a large sum of money to make investments in stocks and shares. There are several ways to do so, covering everything from mutual funds to using a share broker. You can also buy a stock market tracker or invest in equities. When you buy stock in a firm, you are truly purchasing a part of the company's ownership. Because of this, the value of your investment will increase or decrease depending upon how the company performs. In reality, stocks have a downside. They're a bit more dangerous, when you're buying stocks you end up with an excessive amount of risk exposure.On the other side, real estate is a highly accessible investment in many dimensions. You can estimate its worth and assure that you'll be able to earn the profits you desire. It's a tangible asset that comes with a slew of advantages, involving cash flow and appreciation (as do some share investments). As well as leverage, which allows you to grow your investment by borrowing money from the bank. This, blended with real estate's ability to function as a long-term hedge against market volatility & inflation, creates a powerful combination. And thus, makes it one of the safest ways to accumulate wealth, keep it, and even pass it down to future generations. You can either lease property for others to use it or buy property and rent it out yourself. Despite a few setbacks, it remains the best investment opportunity and will continue to develop in the future. Because of considerable economic growth, the average pay in most Kerala cities has improved. This provides everyone with a reason to plan for the future, making real estate a great investment alternative. Real estate has a weak correlation to the other major asset classes, i.e. even if the economy experiences a slump, stocks or shares may stop providing dividends, real estate counteract any severe economic downturn. To sum up,Long-term planning for the future is often difficult, but it’s necessary if you want to be successful. This is particularly true for people and families that are looking to invest their money. Making a real estate investment can help provide a steady stream of income and create peace of mind in the long term. Real estate has consistently outperformed the share market over the last few decades. It's performing admirably and has persuaded investors that it is a sound investment. If you are looking to make money through your investments, then real estate is what you want to go with. It is better than shares, because the return on your investment will be much higher. The prices of real estate are increasing every year and if you invest now, then you can expect a high ROI (return on investment). So, if you are looking to buy an apartment in Kerala, then you can choose Varma Homes, a trusted builder in Kerala. Varma Homes is a renowned real estate builder in Kerala that offers residential properties at best rates. You can choose from an array of options to suit your requirements and budget. We have our apartment projects in major cities, such as Kochi, Thrissur, Thiruvananthapuram, and Kozhikode. Choose the one that suits your needs best! Contact us today for further information or visit our website for more details!
Read More
Top 5 factors to consider while purchasing a flat that you want to resale in the future
If you are purchasing an apartment with a plan to resale it sometime in the future, then you should consider certain things before going ahead with the purchase. This would be wise to bear in mind how the other buyers would view the house that you have been considering purchasing.Life is uncertain and so a critical need might arise anytime when a dream home needs to be put up for sale as well. Whatever the reason be, no one wants the headache of a property that is difficult to resell. So, here is a list of the major home resale factors that you should ideally be aware of to continue your journey of home purchasing.Developer's Reputation & GoodwillAlways validate the profile of the developer before buying an apartment. You must do thorough research on the builder's profile and dig in through the history of the builder. It is important to make a detailed study of the credibility and earlier projects which he has delivered before you invest in property. Established credentials of the builder will assure a line of defence against getting cheated out of one's money on an investment. Reputed builders will always ensure legal sanctities, structural integrity, and timely completion.Construction QualityMonitor every aspect of the construction process to drainage engineering, and attainment of acceptable levels of performance within the defined guidelines set out in the scope of work. Inspect and ensure the building's construction quality and materials used in the project to make sure the final deliverables are free from any construction-related defects in the future. Before finalising your deal, analyse the quality of construction by inspecting the strength of the structure, the floorings used, the paints applied, interior fittings, and accessories. The size of the flat in an apartmentThe house's size plays a major role in reselling your flat. With all the recent work-from-home trends, people are usually looking for homes that have more rooms and provide more privacy. However, these particular trends depend on the city or town where your property is located. For example, in urban areas, smaller apartments are more prevalent while in the suburbs, the buyers are more accustomed to larger and spacious houses. You must necessarily research which size of the home is more popular in your city and then invest accordingly. The neighbourhoodThe neighbourhood and locality have a major impact on the flat's resale value. An apartment that has more amenities and along with good safety has a higher resale value. Before purchasing an apartment, it is advised that you research several popular trends, the potential new plans of infrastructure, community areas, transit accessibility, and other necessary amenities that exist in the target area. This would be a good idea to opt for quick checking of the flat's neighbourhood. This will give you a fair idea of the neighbourhood. Safety & SecurityThe must-have safety features for residential properties include fire-fighting provisions such as extinguishers, smoke detectors, and water sprinkler systems. Also, there should be provisions to tackle natural calamities such as heavy rainfalls, earthquakes, etc.Also, the best security arrangement within the societies includes trained safety guards at the entry and exit points, CCTV surveillance, burglar alarms, and intercom systems. Ensure that the safety and security systems are in place and get updated regularly.Also Read: Reasons Why Luxury Flats in Kochi Are Worth the InvestmentThe age of an apartmentThe age of an apartment is very crucial as buyers consider certain factors like the lifespan of several elements like the apartment's roof, appliances, electrical systems, windows, plumbing, etc. Even 10-year-old apartments remain at their best if the maintenance cycle is properly followed. As one of the premium builders in Kerala, Varma Homes are designed with fine attention to detail that resonates across all its projects. The spaces are luxurious and reflect what you would only expect from upscale homeowners who will settle for nothing but the best when it comes down to their aspirations. Storage space in a flatThis is one of the factors that is often overlooked while purchasing a house especially while purchasing a flat in an apartment. While this does not enhance the resale value of a particular flat directly, this usually makes a flat more in demand amongst the buyers. Homebuyers usually prefer flats that have adequate and intelligent storage spaces.In modern houses, the homebuyers usually look for at least one walk-in closet that is attached to a master bedroom. The outdoor spaces for storage like assigned car parking, sheds for laundry activities, etc. are also taken into consideration.Bottom lineAs you start hunting for the perfect flat, it is important that all of your preferences are met. You need to take into account several different things discussed above in order to make an informed choice on which property will work best with them and also help when resale time comes around!Of course, there are plenty of red flags that you need to look into while selecting a flat for sale in Kochi, but we have listed the most notable factors for a quick read. A good investment with wise decisions can help you live, and even earn a stable income for your future generation.
Read More