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Guidelines to NRIs for Investing in Real Estate

A home built with own money that too in your native place is always a dream for everyone. Always people living outside India have a dream of having their own home. Kerala, being one among the growing metro state in our country, is the destination choice for all NRIs. According to the recent reports from the sources, the most preferred locations in Kerala are Kochi and Trivandrum. There are many builders in Kerala who focuses on building flats in tripunithura.

The rising demand for flats in Cochin is ever increasing and hence this shows the favorable conditions in the real estate market for the NRIs to invest in Kerala for their home’s. The builders in Kerala are aiming the recent developments in the main cities so as to grab more attention from the investors. The rising developments help in best selling of the flats.

Most of the people living outside India prefer to have a location for their home in Kerala that too in Kochi because of the high-end amenities and the access of the daily requirements.

What all should a person investing in Real Estate should be aware of?? Have a look at the important things an NRI buyer should keep in mind. The list below talks about some of the points one should check for.

Property Type

The NRI people can own any of the immovable properties. These mainly include the residential as well as the commercial or business properties. The residential properties include the flats, land and house plots. They are never allowed to buy the new farm and agricultural lands instead of inheriting their properties is never turned down.

Power of Attorney (POA)

It is never a necessity for an NRI to be physically present for carrying out a property related transaction back home. One can carry out the official procedures and steps like the registration of property, steps, and procedures of loan aspects, buying property etc through the power of Attorney. The Power of Attorney allows someone who is closely related to the buyer to have power. The person is allowed to sign for the buyer.
There are many builders in Cochin who provides with the investment for the NRI with the help of their related person.

Home Loan

Another requirement for the NRIs to go for an investment in their home town is the home loan. They can apply for a home loan for buying a property. An NRI can avail home loan from any of the banks or financial company registered with National Housing Bank. The mandatory requirement is that one needs to have an account in an authorised Nationalised bank. The transactions an NRI makes should be of Indian currency only. The repayment of loan can be done with NRO/NRE account or FCNR (Foreign Currency Non-Resident) deposits.
The builders in ernakulam who have flats in tripunithura makes it a point to let the NRI investors have a smooth home loan process.

Tax benefits

Viewing the tax benefits of any other Indian citizen even an NRI is eligible to get the tax benefits. They can claim their tax benefits according to the laws and sections termed by the Indian Government. The charges for the processing fee, stamp duty, registration, and municipal tax are applicable for the tax deduction.

Sell or Rent –an NRI property

The NRI person is allowed to sell their properties without any additional requirements. They can either sell or they can also give away their property for rent. But they can only sell the land to an Indian resident. Many builders also allow the NRI for just investing in the property and allowing someone else to have the house in their name.

The main attraction of the builders in tripunithura is that they give the most for the foreign NRI investors and allows most of the benefits. Keep in mind the above guidelines if investing for your home in your favorite place of your hometown. Happy Investment!!

10 Essential Apartment Amenities Required

It is never uncommon to hear people say they are getting disappointing deals from their builders. All these happens when one check out for their first apartment purchase. A super dream home which is the biggest dream come true for everyone can end up being a disaster.
They can come up with unsatisfactory aspects but there are builders in tripunithura providing you the best amenities.

flats in tripunithura

Avoid this situation by checking the basic amenities provided by your builder during the first move itself. Luxurious expectations aside, there are some amenities you should not compromise on if looking forward to being content in an apartment.

Here is a list of must-have amenities that one should insist on:

Power Backup

Power backup one of the non-negotiable factor that every builder has to consider. Power is a factor to be considered if you are looking out for a building which is known for frequent power cuts. Check with your builder if they provide power generator, here are builders in Kochi who provide generator backups.

Continuous Water Supply

This is one among the basic luxuries that you just ought to traumatize. Water scarcity is one of the major problems that is faced by metropolitan cities. it’s frequently ascertained that people battle since they do not get an adequate offer of the latest water at their habitation. The water that’s accessible should be pure and applicable for drinking.
Make sure that the building you choose has the facility to provide clean drinking water. Water is a natural product which is essential for everyone.

Lift Facilities

With the decreasing space and land in Cochin city, there are builders in Kochi which have high rise apartment buildings. For such high rise buildings, the basic thing required is the lifts. Make sure that the flats that you visit consists of lifts.
Check that the builders have more than one lift facility and they are also backed with power supply.

Waste Disposal

An issue looked by various World Health Organization is the waste management methods adopted. Ensure that the flats that you choose have well-structured waste disposal systems according to the norms and regulations of the place. Check if the builder has provision for waste disposal and carries out the same.

Recreational Facilities

As the requirements of the people are increasing day by day, it is the duty of the apartments to provide facilities for the inhabitants within the premises. This could include a play area for kids, gymnasiums, swimming pools or tennis courts. Adequate maintenance of the facilities is also an important factor to look for.

Security

The main reason someone chooses to live in a gated community is for the plus point of higher security. Basic security provision is a must in every apartment. It can either be round the clock security or automated security. An apartment with the least security or no security at all is never preferred by people for investment.
There are many builders in Kochi who provide with the amenity of round the clock security personnel for their apartments.

Parking Space

Always there are problems regarding finding the best space for parking one’s vehicle. And this one is of high priority for the requirement of apartments. Finding a home without a specified parking area is not at all ideal. Covered parking spaces that too for underground spaces are much ideal.

Access to Basic Spaces

All the residents of the apartment are to be given access to the common spaces such as terrace, halls and other park areas etc. Before buying the property make it a point to know about the whole details so that you are never cheated by the builders.

Right Location

Everyone loves to have their homes near to every possible amenities. They always prefer a location from where most of the cities main areas are accessible.

Ventilation

Finding places for living in metropolitan cities is a difficult task for everyone. The houses in cities are just some distance apart which excludes the chances of having ventilation. So while checking for your home make sure to check for correct ventilation and other necessary things.

These basic amenities can go a long way in ensuring a satisfying home-owning experience. Check out the best flats in tripunithura to know more about the basic amenities that they provide.

Reasons to Invest in Kochi with Builders in Tripunithura

Ever thought of investing your savings at any point of your life? Giving you the simple tip: try investing in real estate which yields your profit back. The city of Kochi is among the top emerging metropolitan cities in Kerala. It is also considered as the top commercially and economically growing city in the state.

Considering the fact of growing developments there are many builders in tripunithura who makes an advancement in building the required things for the inhabitants.

Giving more importance on the rapid expansion in all of the socio-economic sectors, Kochi is considered as a great investment destination in the real estate scenario with ample amount of opportunities emerging in all of its prime spots.

Comparing to other metropolitan cities Kochi has some of the main benefits such as not much rush and the addition of scenic beauty, infrastructural advancement, beginning of the much-anticipated Kochi railroad, reasonable town activity etc adds to the major reason for investment.

Kochi railroad

builders in kochi

The 25-km extended length among Aluva and Petta would interface crucial intersections like Companypady, Ambattukavu, Kalamassery, Edapally, Palarivatom, Ernakulam South, Elamkulam and so forth this can be a promising path for the development of advantages in Kochi.
Most of the builders in Ernakulam focus in these areas as they are highly populated with professionals as well as earlier inhabitants.

Easy Transportation

builders in cochin

Most of the flats and other residential apartments by builders are located near to the National Highways. This makes transportation to the offices and other areas feasible. And also all the amenities are near to them.

Blasting of small scale markets and flourishing Job opportunities

builders in kochi

The small towns within the city are blasting with small scale markets and thus increasing the property value near them. Also, flourishing job openings are also a factor for investing in Kochi.

Educational Facilities

builders in tripunithura

Yet another factor which contributes to the option of investing in Kochi city is the access and the various educational facilities which the city provides. The city consists of most of the famous educational institutions. The major institutions include colleges, professional colleges, top schools, and IT finishing schools.
They provide the best schooling as well as finishing school experiences. They are also well structured and maintained.
Almost all of the educational institutions are situated at the heart of the city, where there are flats from the best builders in Kochi.

Hike in Tourism

builders in kochi

Being a tourist place for most foreigners Kochi can be regarded as the best tourist place in Kerala. Kochi attracts around more than 10 lakh foreigners by its scenic beauty. There are many other tourism-related factors which add to the value of the city.
All of these factors add up the reason for investing in Kochi.

Growing IT industry

builders in kochi

 

The rapid and robust growth of the IT sector that too in kakkanad has a major effect on the city. The growth of the IT industry has increased the need for flats near to infopark in kakkanad. This has happened as it is the growing IT hub of Kochi. This has also increased the need for residential requirements for the inhabitants near their workplace. Various huge MNCs around the world can be found flourishing here at low operational costs and cheaper labor.

 

Varying Living Lifestyle

builders in eranakulam

 

The life at Kochi city gives away the best vibrant living lifestyle with all the necessities at the doorstep. There are other reasons such as the growing different malls that add up the aesthetic value to the city also embarks the reason for the huge investment in the city.

All of the above factors contribute to investing in Kochi. Find the best builders in Ernakulam to have your first investment and to make it a long term investment.

Despite the fact that the rental market isn’t frightfully settled, Mani, a city-based merchant says, “Request is extra for completely outfitted convenience. For a one thousand zone unit level that is close to the IT park, the lease could be as high as Rs 5,0000 every month, that kids take side by side of a sharing premise.”

Cochin offers numerous selections for remote monetary specialists to contribute their money and receive totally different rewards.

Why Investing In Apartments is a Good Idea

Ever considered of buying your own home or an apartment for you?? If not consider the same as it can be one of the best decision that you have taken ever. Having an own home is everyone’s dream and one spends his whole life investing for it. Here are builders in Kochi to fulfill your dream.

Buying an own home and marking it as a lifetime investment is the best thing as the investment put upon the apartments never goes in vain and helps out in building the first stone for your investment. Investing in flats available in tripunithura is yet another option for you.

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. The best option in real estate is to invest with builders in Kochi as it is a place in Kerala which has shown continued growth, and then wait for the hike in prices so as to make out the best from it when resale happens.

Comparing to investing in land, investing in completed properties are the best option as it can be much more beneficial for the buyer since it can also be for his use and can have good resale value.
Some of the reasons by which the apartment investing are good are:

Better Source of Income

The main advantage of owning or investing in an apartment is that they can be another source of income. Think about renting out your apartment to the necessary people and that can be your source. Even the owned property may have good resale value if its near to one of the progressing areas thus providing another source of income.
Having a good flat near to kakkanad in Kochi Kerala is the best option as it is the IT hub of Cochin city, having people from different parts of the State as well as the country.

Best Option for NRI’s

For a Non-Resident Indian investing in apartments are good options as they can use it when they return or they can rent it out to others or there are options for resale. So always investing in flats or apartments are a good idea.

Have Benefits of Tax

Investment in real estate and properties also has tax benefits. You can write off your expenses for items like advertising, insurance, property management fees and more, thereby reducing your taxable income.
Getting Loans for your properties reduces the amount of payable taxes for you and there are tax exemptions for employees working in institutions that can be beneficial for them.

Living a Secured Life

Apartments are always a better place to live as they provide the whole security options for the inhabitants with high-end security systems and having gated structures. They also provide the facilities of medical needs, educational requirements and other days to day stuff for daily life.

Resale Values

Resale values for apartments are high as they are giving out the best options for the buyers. They always highlight the best available prices for the flat and thus grabbing the attention of the potential buyers.

All of the above are the main high points that highlight the reasons for the investment in apartments. The Flats in tripunithura, as well as flats near kakkanad, are best options for your first-time investment as those have the best resale values and good attention-grabbing of the customers looking out for rental apartments.
Be ready to purchase your first property make it your lifetime investment!!!