The popularity of multi-generational houses and apartments started to grow during the COVID outbreak. This has influenced certain lifestyles and also triggered new trends. Generations see the benefits of co-living apartments that appeal to a multi-generational society, from seniors to middle-aged couples, from new parents to young people. The pandemic has taught everyone to stick together, support and encourage each other during an emotional crisis.
Let's see why multigenerational living has become the most advantageous and interesting thing right now:
1. An Affordable Option: When various generations live together, they can afford considerably more comfortable and luxurious residences than they could if they lived separately. This financial flexibility can simplify home maintenance and other utilities as well as household expenses. It also makes it easier for people to save more money for essential things like retirement, vacations, and educational funds.
2. Safe & Secure Environment: With more people, there is usually someone at home to watch the house and make sure it is not empty. And, with adult children and grandchildren nearby, elderly parents or grandparents can seek help much faster than if they lived alone if they fall or have a medical problem.
3. Emotional Backup: Living together can develop a priceless connection among children, parents, and grandparents. This is certainly relevant when they have a residence that is well-suited to individual requirements, personalities, and interests. Giving moral support and being present during critical circumstances are irreplaceable moments that only multi-generational living can offer.
4. Improved Work Efficiency: With the older generation, youth management can be as easy as a cake. Parents may use some help, whether it's with mentorship or schoolwork. Chores, cooking, shopping, and other requirements can be divided and completed much more quickly. Younger people can tolerate strenuous physical labour, while older adults can handle less physically demanding tasks.
5. Instil Feelings of Partnership: Your children will learn that all members of your family contribute and help each other. They become aware of and are influenced by the perspectives and love of the older and younger generations who live with them. This allows them to appreciate the wisdom that comes from strong family ties and expand their horizons in constructive ways.
6. Easy on the Guardian: It would be stressful for the family guardian to care for the sick parent or grandfather if they weren't living with them and staying away. It's hard to constantly go back and forth to their parents' homes to care for them and back again as they juggle their home and family. It therefore becomes even more important to develop a multi-generational home.
7. No More Sense of Loneliness: Isolation is a huge issue in our culture today for all generations. On the other hand, older people feel needed, involved, loved and valued when their extended families live together. The children receive much more help, guidance, and time with their families. Everyone will feel less alone. This may be a win-win situation for everyone if healthy family relations are in place.
8. Happier Work Settings at Home: With the latest remote working opportunities from companies, people are able to enjoy more flexibility and work from the relaxed and joyful atmosphere of their apartment. This structure led to fewer burdens and stress-free lives, which also steered them to greater productivity in their work.
Since its inception, Varma Homes has established itself as one of the most renowned builders in Kerala. Our expert team has skillfully crafted apartments that can inhabit the desires and preferences of every generation. Own a safe and smart apartment where generational gaps are never an issue since we cater to the diverse mindsets of multiple generations and professionals. Going with the flow and following current trends has always been our motto, which is the recipe for our success and the reason why our stakeholders trust us.
We present a modern lifestyle of luxury, convenience, and comfort, with the most advanced facilities and eco-friendly features. We started with residential developments in Kochi and then expanded to Trivandrum and Thrissur. Our major launches will be in Calicut and other major cities in the near future. You have a number of apartment options to choose from depending on your requirements and budget. Choose the one that best suits your multi-generational family! For more information, contact us on 96458 83333.
Kochi is a market just waiting to happen and it has all the potential to develop into a world class city. The infrastructure for such development is already in place. The connectivity by road, metro and ferry has improved and is in the process of getting better. The Kochi Metro Rail project may positively impact city’s real estate market. For many years, Kochi was not regarded as a dynamic real estate market. However, this started changing sometime back especially in the real estate front with leading IT companies making a beeline for the city. Metro rail project is the latest in the list for the transformation of Kochi. The metro has changed the real estate scenario of many cities, Delhi being the most classic example. The proximity to metro has become a major selling point for all the developers and realtors. It is true that owning a property near a metro station has its own benefits in terms of the future appreciation expected out of it. The adjacent areas of metro stations will also see a surge in property values, as people love the convenience of walking to the station to board the train. Additionally, the sale of such properties will also become easier as a large number of buyers try to buy property at such convenient locations. Varma Regent, compact apartments is being built at Edapally by the best property builders in Kochi. Taking into consideration the uniqueness and the sophistication of affordable luxury homes in the finest of the locations, Varma Homes have gone all out to constructing happiness. Varma Regent is one of the current ongoing residential projects of Varma Homes at Edapally. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. It demands immense courage and deep visualization to make a dream home come true. The unique combination transcend to a whole new realm of affordable 2 & 3 BHK luxury homes ranging between areas of 862 sq.ft to 1357 sq.ft. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi Metro Rail project commencing up to Edappally. Kochi Metro is the promising growth corridor of real estate in Kochi. The 13 km stretch metro rail between Aluva and Palarivattom will be open from May 2017. Before the commencement of flyovers, no other place in the city had this much of traffic passing through it, other than Edappally. However, the four-lane flyovers in Palarivattom and Edappally have cleared the traffic bottlenecks in these areas. Edappally enjoys a well-developed social infrastructure with many schools, hospitals, malls and shopping centres in the vicinity. Lulu Mall - India’s Largest Shopping Mall is just 2 km to the Varma Regent. People are well connected to the best and the biggest healthcare centers in town – Amrita Institute of Medical Sciences (AIMS), Kerala Institute of Medical Sciences (KIMS), Renai & Aster Medicity. Edappally Junction is the meeting point of NH 47 and 17. It manages to connect the city to most of its components, either directly or as an alternative route. The IT hub of Kakkanad and the Infopark also connect with the rest of the world through Edappally. All the above factors make Edappally a prime investment option in Kochi for both investors and buyers. Experts state that, now would be the right time to invest. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option.Read More
With the government's new initiatives in the real estate sector, buyers have a plethora of apartment choices. However, owning a piece of land still has an unrivalled prestige value. So, when it comes time to relocate or invest for a more secure financial future, many of us are caught between two options. Here we compiled this helpful list that will help you choose wisely!Investment FactorOne of the primary disparities between a plot & an apartment is that you'll have to live in your very own house right from the moment you acquire an apartment & you'll save a lot of money on your rent. Whereas a plot allows you to create your own customized home, until then you won't be allowed to live there & you'll have to pay rent even if you invest in the plot. Also, when you buy an apartment, you can use it as an investment vehicle as you rent it to someone, but in the case of a plot, it won't be possible. So, compared to plots, an apartment is a smarter investment choice.The Hassle AspectAn apartment is actually a comprehensive package for standard living; you can select one that would be ready to move into where it contains all the things that an apartment life demands. Hence, you won't be worried about any further headaches or strain. A plot that you wish to build on is just land & you have to build it from scratch & you'll now have to deal with the troubles & groundwork of building the structure, obtaining legal permission, & ultimately upgrading it with lifestyle elements to keep it livable.Financial AssistanceFinding financial help for the purchase of a plot is more difficult than for the purchase of an apartment, since financial companies are hesitant to lend money for the purchase of a plot. So, as a result, there are limited alternatives for purchasing landed property, as banks often do not provide financing for the purchase of a land/plot, but it is effortless to get a bank mortgage for the purchase of an apartment.Compliance AspectIn general, the plot is considerably more likely to get entangled in legal complications & litigation. So, when you purchase a plot, conduct thorough research on any conflicts, & ensure to keep an eye on it till you build your home on it. As in India, several issues are raised regularly relating to illegal land capture. Although these concerns are much reduced when purchasing an apartment when the buyer is protected by RERA & he or she has the right to go for a petition for compensating & remedial action, if the builder didn’t guarantee their promises. Accordingly, as a precautionary step, today's builders will exceed expectations to guarantee that all legal & financial requirements are met.Return on InvestmentA plot can be acquired for the intent of constructing a new structure to get profit, or it could be utilized for other reasons. If you plan to acquire an apartment, only do so upon assessing the growth prospects of a specific neighbourhood. Your apartment's ROI will be higher depending on where it is located. Because of the increased movement of workers from other cities, an apartment in a desirable location will always have greater rental yields, providing you with a monthly second income & assisting you in being financially secure.Tax TreatmentThe tax treatment of plots & apartments differs. As in the case of an apartment, first-time homeowners are eligible for specific tax breaks. The tax deduction for interest on plots is allowed only in the year where construction is finished. Interest accumulated during project construction can be reclaimed as a deduction across 5 years in equal payments beginning with the year the work is finished, resulting in a delay in tax advantages. Holding a plot as an investment is not tax-deductible, but you can request a deduction for the interest given. Conversely, if the plot remains barren, it might not be eligible for a tax break.Value AppreciationThe plot has comparatively better value appreciation than an apartment. This is mostly due to the scarcity of plots on the market. The value of a property is determined by its location & proximity to major infrastructure developments. However, the land market is a cobweb, so when you buy, you must be vigilant. So the safest choice for individual investors is to buy apartments; keep it simple & get your 20 or 25% appreciation because the land is all about where you want to be on the risk-reward spectrum. Also, make sure to select an apartment from a reliable builder with a good location & surrounding infrastructure to increase the value of it.Scope of ResaleApartments are easier to sell as there is always a huge demand. Furthermore, apartments provide a variety of facilities as well as security features. The attraction of plots is that the owner owns the land & can create a new house to optimize returns. But when you plan to sell it, it may not be fundamentally enticing to a possible buyer market. He/she may then either invest more in repairing it or entirely demolish it to create a new one. This might have a reasonable impact on the price of the house. However, in the case of apartments, such an issue does not exist as they’re available with a fixed structure (part of the structure) &, thus, more convenient to sell at the value without extensive negotiations.After considering your wants, financial status, & commitments, take the best alternative. Having a plot implies that you should be careful with some choices. However, the benefits for apartments may be far greater than for plots. Because everything is already in place, you may begin earning profits on the first day. It is critical to seek apartment properties in affluent locations and, of course, from a reliable builder, so that you'd have a good chance of making a regular return. If you are looking for your dream apartment in the heart of Kochi, Thrissur, Thiruvananthapuram or even in Kozhikode, then do visit Varma Homes, one of the top ranking and most trusted builders in Kerala. We strive to enhance top-notch quality construction materials to create apartments that will stand the test of time. With us, you shall not be disappointed! You will get the guarantee of quality residential options that provide not just great living spaces but also a lot of happiness.Read More
If you are thinking to buy an apartment sooner or later in your life, begin saving at the earliest. The longer you try to save up for your deposit, the costlier your house is going to be. So it’s significant to start planning as early as possible. Here are some tips to keep in mind ahead of buying your first apartment to get the best deal. Decide On Your Budget The primary step in the funds saving method is budgeting. Decide what sum you can comfortably pay for. Heed at wherever your cash goes to each month & where you are paying the most sums of money. Note down the amount you spend on necessities such as utilities, rent, student loan payments etc. Then think through the amount you go through every month in the items like restaurants, entertainment, shopping & so on. Once you classify your expenditures, search for sections where you can cut back. Set a definite budget for every classification & stick to it & ensure you budget a particular amount to add on for your down payment each month. Go For a Side Hustle to Earn Additional Cash to Save For an Apartment Sounds crazy? However, actually starting a side hustle is one of the best saving tips for buying an apartment. Sometimes to earn extra income, there are several ways such as getting a second job, working extra hours or overtime, or beginning some kind of side hustle. Chop Down Your Debts If you are planning to take a mortgage loan for buying your first apartment, but you already have additional debts like credit cards, personal loans, car loans or student loans they could definitely reduce the amount you can put into a home loan. So take time to pay off your debt before you head down for applying for a home loan. Look at closely how much you owe on your student loans, credit cards, personal loans or car loans & generate a plan to tackle it. This will not only help alleviate some of the financial pressure yet additionally help you secure a better mortgage rate. Cherry-pick Good Investment Options It is vital to direct some part of your revenue towards investment through Systematic Investment Plans (SIPs). For instance, if you begin to invest 25,000 a month via SIP with a modest return of 10% for just 3 years you can get Rs.10.53lakhs. In this manner, you can easily save for your down payment without nerve-wracking about lifestyle changes. Also, there are some other investment options for the short term: equity-based mutual funds, ELSS etc. Be Financially Disciplined Where does most of your monthly income go? On rent, groceries, dining out, shopping, entertainment? Start analysing this. Categorise your expenses and determine how you’re spending your money and then make a budget. If you want to save for your dream apartment, start cost-cutting, avoid wasteful spends, clear your debts and may be try to expand your income pool. Rent Out a Smaller Place If you are living on rent, to save for your apartment buying, you may consider shifting to a smaller house for the time being. In case you are single, think about living with family or companions for a year. Any sort of savings will assist you with getting close to realizing your dream about purchasing your own home. When you’re ready, you can begin the apartment purchasing process. But before that, you have to find a reliable builder. If you're looking for owning your dream apartment in Kerala, then here is your right choice- Varma Homes, the most trusted builder in Kerala. Varma Homes is one of the best residential builders in Kerala, who have residential projects in several locations of Kerala like Kochi, Tripunithura, Thrissur, Kozhikode & Trivandrum. We fulfil your dream of a home with our unique designs with guaranteed quality checks of process & materials to ensure you a perfect home in reality. So get started with buying your dream home with us!Read More
As a responsible parent, what you would sincerely strive for would be to attain a bright future for your kids. To achieve this, you might even go to the extent of admitting them to schools that are situated farther away. But at what expense? Long commutes, exhausted and cranky children, problems contacting you in an emergency, and so forth are only a few of the problems that could put your tolerance to the test. Consider how much time you could save and how much better your children's health would be if the school was closer. It is always beneficial to consider properties and apartments that are close to prime amenities such as schools. Here are the major positive impacts that purchasing a flat near a school could bring you: 1. Reserve the time & money spent on travel: A home within walking distance of your children's school is a boon, particularly for working parents. They can drop off their children on their way to work and avoid the morning traffic. Because of the close proximity, parents are not required to pay for a school bus service. Children can also choose to eat healthy, balanced meals cooked at home for lunch. 2. Children are better protected: The police and municipal officials are clearly discernible in areas around schools and universities. Parents can rest assured that their children are safe and well-supervised. Staying near your children's school allows you to meet and interact with their friends and sometimes family as well. It's soothing to know they're in good hands. 3. Mornings without squabbles: Parents strive every day to get their children to get up early and prepare for school. If you live near your children's school, you may all sleep in a little later and even have a leisurely breakfast. If the kids forget something, they can return home quickly and collect it. After all, school is only a short walk away. 4. Kids gain more time & attention: Sitting for long hours in the school bus or any other means of transportation is tiring for your child in today's congested traffic. If they attend schools that are close to where you stay, they will arrive home earlier than usual. As a result, they have more time and energy to engage in play, develop hobbies, complete homework, and prepare for the next day's classes. 5. Comparatively affordable living: The cost of living in neighbourhoods near schools is generally lower than in other locations. Homebuyers may find that a house near a school is more cheap than a comparable house in a different neighbourhood. 6. Additional facilities close by: Nearby schools frequently have a public playground. You don't have to travel far to have a wonderful time with your children. Students can utilise adjacent playgrounds, swimming pools, and jogging tracks even on weekends, if provided. 7. Improve future returns: Homebuyers usually seek out properties near schools. Many people are ready to pay a greater price for a home that is close to a good school for their children. Being close to a good school can enhance the value of your apartment, which is important for anyone planning to sell soon. Apartment prices are likely to rise in the coming years due to increased demand for housing near educational institutions. 8. Inducing feelings of a community: When people reside near a school, they develop a sense of belonging to a community, which allows for a vibrant way of life amongst people. Always keep in mind that the location is everything. Buying an asset inside a college location may be a big bonus if it's the proper kind and in an appropriate area near critical services and facilities. Varma Spectrum - Luxury apartments close to Bhavan’s Vidya Mandir schoolAway from the hustle and bustle of the city, there's a peaceful, laid-back spot in Poochatti, Thrissur. Varma Spectrum is located in this lovely metropolis, and its elegantly integrated homes with remarkable construction reflect the enthusiasm of the place. Located opposite to Bhavan's Vidya Mandir, Varma Spectrum makes an ideal place to dwell in with regards to fulfilling the educational requirements of your children. Watch them scuttle away to their college each morning and back, with a complete coronary heart understanding that they may be in the vicinity, in a secure area, and in stable hands. ? We strive to give you the finest using our competence in delivering dream apartments in Kerala, created with state-of-the-art building ideas and world-class amenities such as a fitness centre, decorated lobby, library, and indoor play area. You will live a pioneering lifestyle at Varma Spectrum. It is a valuable asset for those looking for the best luxury flats in Thrissur that offer more than any resident could want. So, if you're looking for a one-of-a-kind living experience with internationally acclaimed facilities, plentiful vegetation, and a tranquil atmosphere, go no further. Kerala's cultural centre, Thrissur, is the hottest, most happening place to own and enjoy life. Take advantage of the chance to call Varma Spectrum your ideal house near school, which will be completed by August 2022*. Please visit our website or call us at +91 9539 29 33 33 to learn more about this project.Read More
Opportunities don’t always knock at the doorstep when they do, you must ready to use it to the fullest. Well, it is true that COVID- 19 outbreak has proven the fact that owning a home is the best way than coping with the worries of living in rented accommodation. Now people are also aware of the significance of having an investment in the realty market as an asset class in their investment hamper. Since it is the most reliable and steady return investment choice compared to other investments options of high risks. Purchasing a home is often the biggest purchase of our lives, and a mortgage or home loan is typically our biggest financial commitment. Keeping the total acquisition charge in mind, affordable housing categories and the mid-segment have arisen as the most sought after for buyers. Good News For Potential Buyers, It’s The Time To Strike The novel COVID-19 pandemic has added numerous uncertainties to every single part of life, and the housing market is no exception. So, RBI take steps to deal with this situation with lowered repo rates, increase liquidity in the market, and the introduction of subsided housing schemes by the government. These changes will go a wide way of generating the much-desired demand for potential buyers. This is absolutely good news for those who wish to own an apartment, moreover for those who waiting for the right time to strike. So now banks have made home loans most attractive giving home buyers with a chance that cannot be missed. The steep cut has brought interest rates on home loans by private & public sector banks to their lowest interest rates of 6.95% with effect from July 2020. Fixed home loan rates are the lowest they have been, and it will be the best time to yield the benefit of this ultra-low interest situation. Once the economy recovers this unprecedented hit loss in the market, the property prices will bounce back and this low-interest-rate environment will vanish. There is no doubt that the coronavirus outbreak has totally changed the meaning of what we have come to know as home. Now it becomes a school to our children, an office, and of course secure abode for our family. If you are looking for the right time & the right opportunity, then wait no further. Here is the right opportunity in the form of low home loan Interest rates. Go ahead, make its optimum use and realize your life dream of owning a home. You can now contact Varma Homes, the best builder in Kerala, for booking your dream apartment in your favourite city. We have our best quality apartments in major cities of God's own country like Kochi, Trivandrum and Thrissur. Check out our incomparable apartments, we are sure that you will be spellbound. Realize your dream home with us, once you invest, you will have a fixed asset that will have value at any time. Opportunities are like sunrises, so take the benefit of low-interest rate & own your dream apartment from the house of Varma Homes!Read More