Blog Detail
Why Real Estate Investment in Kochi is the Best Option
The populaces from outskirts are getting well employed and shifting to metropolis due to faster infrastructural development and greater career opportunities. With higher availability of jobs and better educational possibilities, the greater Cochin is immensely growing at an incredible pace due to huge investments of IT sectors in its locations.
In case of Trivandrum and Thrissur, they are also the larger IT hubs creating enormous career opportunities. The basic reason for this growth is the heavy inflow of NRI funds from people settled abroad. The IT sector is booming at a lightning speed and thereby generating many more job opportunities in these cities.
In case of Kochi and Trivandrum, with such a massive growth happening since a couple of decades and with many more job openings; most families have one or more persons as bread-winners. And their surplus income is used to invest into flats in Kochi and Trivandrum.
If you are making a wise decision to buy a property in one of the prime locations from the best builders in Cochin then you are almost guaranteed with the asset value appreciation in the future. You can either live in your own flat or you can enjoy the lease/rental income accrued out of it. And with the rent and lease options, you are also assured with a very high rate of monthly returns from the higher income groups who are in search of such properties available on rental or leasing basis.
Varma Maalika and Varma Regent from Varma Homes are the ready to move flats in Cochin conveniently positioned in the most happening residential locations of Kochi city.
Varma Dr. Pai's Heritage the super luxury apartment project of Varma Homes is the ongoing Flats in Trivandrum located at the heart of the city.
Varma Spectrum, the upcoming Apartments in Thrissur is one of the prestigious projects of Varma Homes.
If you are someone looking for real estate investment in the major residential locations of Kerala, then do consider Varma Homes, the reputed builders in Kochi offering:
Releated Blogs
How to Save 2.67 Lakhs on Buying Home
Are you someone looking for new apartments or new flats in the metro city? Then this is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable. The Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. On January 18, the GST Council had extended the GST concessional rate on projects constructed or properties acquired under the CLSS for the economically weaker section (EWS) of lower-income group and middle-income group. The home loan amount and interest subsidy rates are as follows: EWS - Individuals who are earning up to Rs 3 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. LIG - Individuals who are earning from Rs 3 to 6 lakhs per annum are eligible for a maximum loan amount of Rs 6 lakhs. Interest subsidy is 6.50% per annum and maximum interest subsidy amount is up to Rs 2.67 lakhs. And the carpet area has no limit. MIG-1 - Individuals who are earning from Rs 6 to 12 lakhs per annum are eligible for a maximum loan amount of Rs 9 lakhs. Interest subsidy is 4% per annum and maximum interest subsidy amount is up to Rs 2.35 lakhs. And the maximum carpet area limit is 1291 sq. ft. MIG-2 - Individuals who are earning from Rs 12 to 18 lakhs per annum are eligible for a maximum loan amount of Rs 12 lakhs. Interest subsidy is 3% per annum and maximum interest subsidy amount is up to Rs 2.30 lakhs. And the maximum carpet area limit is 1614 sq. ft. A simple and transparent tax applied on the purchase price is the biggest advantage for property buyers. All under-construction properties will be charged at 8% under the GST regime (excluding stamp duty and registration charges) on property value, adding that it will not apply to ready to move in properties and completed projects, as there are no indirect taxes applicable in the sale of such properties. In case of under-construction properties, levy of stamp duty and registration charges on the buyer will continue. Under the current tax regime, the home builders are subject to central excise duty, VAT and entry taxes (levied by state) on construction material cost. On the services used (labour charges, architect fees, approval charges, legal fees, etc.), developers pay service tax of 15%. Real estate developers also grapple with the challenges of multiple-taxation and the cumulative burden eventually gets passed on to the buyer. As the benefit of input tax credit being considered as an added advantage, developers too will find the GST regime much simpler to work with. A move of bringing real estate under the purview of the new tax regime, would definitely come as a major boost for the real estate investors of the ready-to-move-in properties. As of now, only the buyers of under-construction projects are covered under the new tax regime. On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available. If you are someone looking for new apartments in Kerala and to get more information about any of the projects of Varma Homes, please do visit our website at www.varmahomes.com. And to make a booking enquiry, please use the form on the website or telephone +91 9645 88 33 33 and we will get back to you as soon as possible.
Read More
Varma Maalika - Luxury Apartments in Tripunithura
For building living spaces - location matters, convenience matters and finally, the creator matters. The conglomeration of all this, is the result of something beautiful and breathtaking. Maalika luxury apartments in Tripunithura by Varma Homes, gives you exactly the same. Tripunithura is the part of Kochi metropolitan area. It was the capital of the former Kingdom of Cochin. The 'Raja Nagari' - the royal city is one of the most prominent centers of traditional Kerala cultural heritage. When you live anywhere in Tripunithura, specifically at S.N. Junction, you are proximate to almost everything a royal lifestyle demands. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more, making living in the land of temples, dynasty and rich in history, a truly royal experience. True love and real happiness make your life get marked the same as your comfort zone. Once you find them, they leave an indelible mark in your life. You have found Maalika; you have found the true meaning of love and happiness. We dedicate ample time and effort to transcend our client's ideas to blend with our constructive creativity and thereby a dream home goes 'real'. Our 2 & 3 BHK luxury homes ranging between areas of 890 sq.ft to 1310 sq.ft fits the urban space amenities perfectly. At Maalika, a magical spell appeals your inside. The insides are crafted with unmatched blend of artistry, spatial elegance and design. Call it a perfect place to portray your inside stories in the finest canvas you have ever seen. We collaborated with talented architects and design houses to bring you the very best you can get. Varma Homes, we the best builders in Kochi are good at what we do, building living spaces. Show Your Interest Now !
Read More
Check Out the Security Features to Consider Before Buying a House
Home is the place where we get more comforts and security. So when one considers adding resources into the house, there may come various parameters as the top priority list and most vital part of is security. However, searching for your dream home comes with various considerations. One of the most important consideration is security since you’ll likely be aiming to stay in the property with proper security features, which will keep you and your family happy for the long term. LocationLocation is the essential factor to be considered while purchasing the apartment. When you plan to invest in a specific area you should make visits and have a complete idea of the locality. It should have a safe and secure neighbourhood. The money and social related environment play a vital role while focussing on the buying of the property. Apart from these, it is essential that one completes thorough background verification and comprehend the area before moving in. Now natural disasters are so common so select the location that is a bit safe from all-natural calamities. Hence,always look at the high-performance apartment building and its locality that is safe from all such natural calamities. Also look for the other basic amenities in the location that you want, such as health, education, transport, shopping, walkability, grocery stores, public transit access, recreation and supply. Ultimately you need to think about what location means to you and what access your house will offer. So try to purchase in a zone that match with your lifestyle choices. The Security GuardsOnce you are satisfied with the location, you have to keep an eye on the security guards of the apartment during each visit. So the verification of the workmanship of security guards is profoundly suggested when it comes up on the point about security features of the apartment. Also, doing an intensive personal examination with the police aids in satisfying the safety efforts. Installing a Security SystemBefore you move into your dream apartment, you have to install the proper security system. Securing windows and entryways is equally important for your safest and comfortable stay. Now in the market there avail numerous wireless high-security systems & alert security system. So prepare your budget into a multi-layer security system while buying an apartment or flat. Fire ProtectionBefore you move out to your new apartment make sure you have a functioning and up-to-date fire extinguisher. You must check the fire alarm and inquire if a false test is done periodically. Furthermore, it is essential to confirm that keys to all locked doors are easily accessible if one needs to escape during the crisis. Verify the DeedsThe property with the right documents and deeds make you have the legal confidence of the property, comprising the banks to contract credits. If you plan to buy an apartment, verify the total cost for monthly maintenance of the apartment. Also check the apartment amenities like quality windows, doors, security systems, fire alarm, security guards etc. which helps you to have a secure and comfy life. Otherwise, in the end, you could pay a higher cost for not taking these pointers into account while purchasing it. So before you purchase your dream apartment make sure about these security features. When you give priority to security with space, you and your family can live safely. If you are looking for apartments that satisfying these requirements, you can check Varma Homes projects here. We have apartments and flats in Kochi, Trivandrum and Thrissur, where we mainly focussed safety as precedence. We offer CCTV surveillance to the entire premises of our projects along with firm security guards. Feeling safe in your own home is essential to any resident, which is why you need to take the right steps to pick a safe apartment. Here we can present you perfect apartments with advanced security features and we can assure that you will get the peace of mind. We offer the installations of latest safety features in our apartments like emergency alarms, exits, earthquake-resistant materials, fire hoses, extinguishers, basement flood pumps, security guards, CCTV surveillance which enable a tenant to get bigger protection. We also promise that you don’t get jammed in making legal documents, deeds and mandatory clearances, as we will do this without any scope of mistakes. Our main focus is on customer satisfaction so we do not end the relationship between customers by just selling a home but we provide an endless commitment to them. You don’t have to worry about transparency and security, you can fully Trust Varma Homes. Come & visit our projects spots to witness the security for yourself to believe. We trust in making experiences that worth your money.
Read More
Why Do People Look Forward To Shifting Into Larger Homes?
Owning a dream home or apartment is everyone’s wish list. The size of the home is one of the crucial factors for your home-buying decisions. In early times people first purchase a small flat and then move into a bigger home once they have a bigger family. Buying a spacious house isn’t going to get any inexpensive in the next 10 to 15 years, needless to say, the inflated interest rates when it comes to taking a loan. Therefore, now purchasing a larger apartment such as a 2 or 3BHK is a sensible choice as compared to waiting to buy it later. Before buying, you need to consider the future appreciation of property rates, amenity factors and other lifestyle. So let’s have a look at the benefits of shifting into a larger apartment. Various generations under one roof By living in a bigger apartment, all generations can easily thrive under one roof. They can perfectly fit in your apartment, even when you have kids. And, surely, your kids will love the idea of spending more time with their grandparents which will help them to know the value of the relationship. On the other hand, if you have nuclear families, most of the home builders know the value of privacy. So they design separate rooms for parents and children. Also, with the increasing income of professionals, most of the people like to have a full-time maid or home nurse to give care for their kids and grandparents. Hence separate rooms for each one is essential. So by living in a bigger apartment, you can easily solve this room scarcity problem that you faced in your smaller flats. Make comfortable office space When you had a great business plan and dream to start with it, you can keep a specific space for your dreams in your bigger apartment. Or if you have to benefit the modern working choices like work-from-home, the extra room in your bigger apartment can be converted into the comfortable office space, letting you the choice to keep your work and home life separate though being in the same space. Beautiful Interiors The careful designs and architecture of the 2BHK or 3BHK flats are beautiful, ground-breaking and contemporary, offering a modern family the best in terms of a posh and luxurious lifestyle. By owning luxury spaces, you can have spacious floor plans, wood floors, granite countertops and many more which is not possible in a smaller flat. A 2BHK or 3 BHK apartment goes a step beyond and promises a classy and chic living experience. Avail hangout rooms for all age group When you decide to shift from compact to luxurious living, there you have another advantage that availability of enough rooms for everyone. Because everyone needs a place to be comfortable and relax. Especially if there are any older people, there is a room that they can relax and indulge in their own favourite activities with full privacy. In the same manner, the younger and the middle generation get their own spaces to chill with their friends or to boost up their own inner self. So when you have bigger apartments you don’t need to worry about the hangout rooms for you & your family members, as there are rooms for every kind of age group. Better security systems Living in a luxurious 2BHK or 3BHK apartment promises you increased safety and also prevents intruders from entering your home. You can just relax without any safety fears for a good night’s sleep. This is more useful and vital when there are kids and elders at home. So in this era of frequent robberies, with better security systems you can be sure that you are safe at your home. Good investment with less money To invest for a longer run, undoubtedly investing in 2 or 3BHK apartments is beneficial. You can buy luxurious housing spaces at a price comparatively much lower plus more benefits instead of buying compact apartments. As the demands are quite high, the resale value of apartments is always greater than invested. The percentage of profit depends upon the location and demand of the region, but getting a profit is for sure. Be it for end-user or rental, investing in a property in metropolitan cities at present proves to be a smart decision. So the final concluding part would be that why not opt for bigger apartments which are armed with all modern amenities and facilities creating life a smart and finest experience for you and your family and bringing together the exact mix of comforts and convenience of the city. Looking to buy apartments in Kochi? It is about time that you check out the residential apartments at Varma Homes as we are the top builders in Kerala. Each of our residential projects in Kochi come with an extensive series of high-end apartments. Take a look into our most prestigious projects like Varma Maalika I, Maalika II, Padipura, Kottara and Bougain Heights Purple at Tripunithura. A combination of the high-end amenities, backed up by great connectivity and an efficient transport system including the advantage of metro services, is what attracts a person to invest in property at Tripunithura. From the numerous choices, you can choose your perfect one that focuses on your housing needs and demands.
Read More
THE NEW TRENDSETTER: COMPACT HOMES
As our nation is fast-moving from developing to a developed one, affordable housing is essential for living. The lack of non-availability of land, substantial land prices and the increasing housing prices have now become the driving factors for the significant demand for compact homes. Most of the nuclear families in India preferred for compact homes, as the large space is not in their priority list. They don’t like to spend their hard-earned cash on those unnecessary spaces. On the other hand, they opt for a compact home which helps them for additional investment expenses. Compact homes are easy to manage for the nuclear family, yet large enough to put up the future of their children. With growing urbanisation and migrating employees, the demand for small and smart homes is also on the growth. Migrating employees like to settle in a flourishing city for good. Progress in rural infrastructural development and government concentrating on affordable housing programs below their agenda of housing for all before 2022, the compact housing scheme has become one of the most significant aspects in today’s picture. So let’s check out some advantages of a compact home, which are making it a smart choice for home buyers. Affordable- Costs of smaller apartments are comparatively cheaper. The idea is in line with the government's affordable housing program. Not only this, these compact apartments are armed with all modern amenities which offer a modern & elegant living experience. More Energy Efficient- Compact homes are often more energy-efficient as they have less space to heat and cool, which means they have a lower environmental footprint. Less Maintenance & Cleaning required- Large houses need a lot of maintenance costs, while compact homes are budget-friendly and typically easy on utility bills. Small room means less time paid on cleaning and home maintenance. This has been a big bonus for family, as it means to spend more time outside, doing things you love. With the smaller space, you can do most of the maintenance work yourself and save cash the cost of labour. Optimal Utilisation Of Space- Small-sized apartments let optimal utilisation of space which usually lacks in large apartments and leads to space wastage. Compact homes are carefully designed to provide everything though guaranteeing that no space is wasted. Good Resales- Because of the high demand for compact homes, it's resale value is considerably higher. This means that owners of such homes can get a good return for investment on their home without any hassle if they desire to relocate or move into larger homes. Hence compact homes are trending a lot at current for numerous good reasons, the resale will be easy. Smartly Designed- Compact homes can be constructed to outfit a high functional lifestyle. With the smart set of principles, you can design these compact homes to get the feel like a spacious space. Such as using large windows for sufficient lightening and to lessen the compacted feeling, keep the ceiling length as high as possible, lessen as much as furniture and focus more on appliances of wall hanging, give a small utility area or balcony. Compact homes allow crafting the house reliant on one’s likings and necessities. You can easily introduce the latest trend of home decors in compact homes. As these have less space, the decor expense will be very less. Living small takes creativity, ingenuity and flexibility. A big home may be a dream for someone, but a smaller home may be the smarter and the flexible choice for those who need to save money and time. Now various reputed builder is developing compact homes with all the luxurious amenities that one could think of in big homes or villas. In place of constructing it in the house itself, they are building community-based homes and offering facilities for the whole community. This is the safest and smarter choice, as many buyers are looking for small compact houses to live at their favoured location, nearby conveniences, and the best thing is they get it at a reasonable price. What are you exactly looking for? Are you looking for such budget-friendly compact apartments in Kerala? If you are looking for your dream compact apartment housing project in Kochi, reach out to us, Varma Homes, the trustable name. One of our ongoing compact apartments in Kochi is Bougain Heights, located in the most tranquil living environ of Chottanikara. It is a 2 BHK & 3 BHK compact apartment with all the modern amenities including fully automatic lifts, intercom facility, children’s play area, gymnasium, firefighting system, 24/7 power backup, 24/7 water supply, surveillance camera, security, car parking, landscape garden, conference room and breath-taking surroundings with spectacular scenic view of nature. All together Bougain Heights is simply the budget-friendly compact homes with comfortable living, tranquil nature and beyond values. Give us a call to book this stylish apartment and make way for tomorrow’s soothing living!
Read More