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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.

Top 14 Things To Consider Before Buying An Apartment In Kerala

A recent survey has revealed that about 67% of home seekers end up buying a home that doesn’t accommodate their needs and aspirations. It’s like a bad marriage where the couple is forced to adjust to the circumstances. There are plenty of Builders in Kochi and availability of flats under 50 lakhs in Kochi to choose from. You have to be extremely discerning when you search for your dream home. A few handy tips are given here to help you zero in on your dream home.

Home Buying Tip #1 – Location s everything for a home.

The paramount concern when you relocate to a new home should be convenience. The location of the home should place you near to your workplace with urban conveniences like shopping and public outlets when walking distance.

Home Buying Tip #2 – Home delayed is home denied

If you opt for a group housing project like a villa or a high-rise apartment it normally depends on the Size of the project, to be handed over. Since the completion of the project is dependent on factors like the timely payment of other buyers and the resourcefulness of the builder you should always go for a builder who has a track record of timely delivery.

Home Buying Tip #3 – You can’t choose your relatives. But the neighbors you can.

where you live is at your sole discretion. When you relocate to a new home make sure the neighborhood is of your own social status and liking. The community you live among will be of your own liking. Your children will have good company to play with.

Home Buying Tip #4 – You can’t have more kids just for the sake of giving your child company.

When you decide to relocate to a new home make sure that the home environment is conducive to your child’s growth. A little greenery and recreation facilities to play around and a few friends to share some meaningful time together make a lot of difference. Opt for a home from a reliable builder who provides amenities like children’s play area and landscaped surrounding.

Pick from the ongoing flats near Tripunithura which are child-friendly as well having the facilities and amenities which are much needed like a play area for your children, child-friendly pool etc.

Home Buying Tip #5 – Sense of security in a community housing is amazing.

The security arrangement in an apartment complex will ward off all unwanted salesman, beggars and suspicious strangers. Even if the family goes out of town for a few days your home will be safe and secure.

Home Buying Tip #6 – The next thing people ask after your name is the address

Your address silently says volumes about your background, your achievements and the personality you are. If you are an owner of a prestigious home address your prestige naturally rises. When you own a new home, be careful about choosing the right address which will grow in value and stature over time.

Always try to buy a flat or an apartment which is near to all the amenities of a city and can be accessed from a smaller distance from the residence. This always grows the value of your home and thus increasing the resale value of the house. The

Home Buying Tip #7 – will you feel like a fish out of water in your new home?

Only a builder specialized in housing can design and deliver spaces to ensure privacy, creature comfort and an airy feel. Before deciding on your home, check out design and layout and carefully go through the specifications and dimensions of each space. The flats near to Bypass provide all the facilities of a city living and can be accessed from any of the National Highways.

Home Buying Tip #8 – Don’t end up being a mere tenant at your own home

Once the construction is over, you might get the possession of the apartment unit, but your ownership papers may have to wait till the builder clears off all liabilities.  Before purchasing an apartment, demand for a copy of the title deed and all other necessary documents related to your purchase.

Home Buying Tip #9 – Your home is only as good as the materials and skills going into it.

Check out whether the builder has quality accreditation like ISO: 9001. A good builder will have a batter seasoned engineers to oversee every aspect of construction in compliance with the stipulated norms. Apart from the structure finishes and fittings shall be of higher standards, installed by a skilled workforce.

Home Buying Tip #10 – Will your home remain a proud possession even after seven years?

Every apartment complex looks good and inviting when it is new. As the years pass by the vagaries of nature will take their toll on the building. It all depends on the construction quality and periodic maintenance of the structure and premises to keep it as good as new for many years to come.

Home Buying Tip #11 – If you don’t feel the urge to own a home now, think of the returns it hold.

When you invest your money for a new home, you can definitely earn through rentals. The value appreciation of the property will add to your investment every year. Even if you avail home finance, part of the mortgage repayment will be taken care of by rental earnings. Down a few years, you will have a substantial wealth to bequeath to your children.

Home Buying Tip #12 – You don’t necessarily have to save a fortune to own a home

When you buy your home from professional builders, most likely all their projects will have the approval of leading financing institutions. Now easy home finance is available from banks and housing finance organizations.

Home Buying Tip #13 – Independent house or community home, you be the judge.

When you dwell deep into the pros and cons of both, you’ll naturally opt for an apartment or community villa. Owning an independent house in a good urban residential area will cost you the skies. When you opt for an apartment from a professional builder, you will get a home in a peaceful residential area for a fair price.

Home Buying Tip #14 – Inspect a few projects of the builder from whom you intend to buy your home

Every housing project looks beautiful on paper. Before you buy a home from a builder, inspect a few projects of the same builder to understand the quality and standards they offer. Better still, ask some residents, about living standards. Because you don’t buy a home every other day.

Do consider these points before you make a commitment with a Real Estate Builder in Cochin. Happy home hunting!