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Choose Kochi as your Future Home Investments

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Kochi being Kerala’s financial capital city has never really stopped developing or growing. The outlook is especially in the real estate field, which has been overwhelmed with homebuyers who see two things that take their fancy: the latest lifestyle, and the lively culture. Kochi has excellent road and rail connectivity, and the newly inaugurated Metro service, international air terminal is giving extra attractive transportation support. Add to that the fact that Kochi is among the leading tourist destinations on the globe, and anyone would want to own investments here.

Reasons to Invest Flats in Kochi

There is no lack of luxurious housing options in a metropolitan city, and Kochi is not excluded from that norm. Kochi is a large metropolis and even places that fall in its outskirts form the part of the administration. This rich real estate stock is also evidenced by the truth that there are many luxury flats in Kochi, which you can occupy at any point in time. It is also one of the reasons why people from other parts of the state and country transfer to Kochi.

Best Builders in Kochi for Best Home Investments

“MPS builders”, we are one of the best builders in Kochi. We’ve got the most efficient to supply you in Kochi. Why say no to luxurious living within the city, when MPS offers you flats uniquely designed for luxury an affordable-price. We are presenting you with MPS Aambience and MPS Absolut at an affordable price. If you wish to feel the peace amidst the town and luxuriate in all aspects of metro life, MPS Aambience is the most suitable option for you. Aambience, located in Thripunithara, is extremely concerning the railway, metro, bus stations, schools and hospitals. To fulfill heavenly luxury lifestyle demand, choose MPS Absolut at Vytila, easily accessible to metro, hospitals, malls and schools.

When it comes from MPS Builders, customers have come to expect a reliable level of standard. MPS Builders is based in Kochi, of course, and owes to provide quality flats to people who come in search of an apartment in the city. Our luxury flats in Kochi absolutely suits your lifestyle. Each projects are nicely designed and built with urban homebuyers in mind.

MPS Builders offers flats in Kochi with the most contemporary design style and architecture. We have been giving flats in Kochi have a huge happy client base. On-time fulfillment and delivery of projects are some of our strong points. Our flats in Kochi use the most advanced technology, including contemporary design while keeping the highest standards in quality. MPS Builders never compromise on words and deliver your dream home just like you wish.

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New Real Estate Trends in 2021

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Real estate Developers are optimistic and expect that the real estate will boom in 2021. In 2020 the real estate sector has gone through a roller coaster. 2020 a year we faced a greater pandemic and has led to a huge shift in how we interact with the world. Like many other sectors, real estate also faced greater challenges. Real estate is much beyond just building we need more interaction with the people. Best flats in Kochi were always in high demand during these years. Many NRI’s are coming back home and invested in the best flats in Kochi. For most people purpose was end-use.

Demand for the best flats in Kochi

Buying a flat is one of the first investment choices for many NRI returnees. Despite the COVID crisis, the real estate sector has seen a spike in sales of high-end homes. It is found that almost 2.5 lakhs of NRI Keralites have returned to the state has benefited the real estate sector. Many NRI is interested to settle and invest in cities like Kochi. Best flats in Kochi are offering more luxury lifestyles and also accessibility to all the urban facilities. This makes Kochi the city of high demand. The inquiries for the best flats in Kochi have almost increased three times now. Kochi is Kerala’s commercial capital and offers luxury lifestyles known for its premium villas and apartments.

Cochin is always known for the investor’s market. Kochi is attracting a large number of people from other states with the establishment of leading IT parks such as Info park, Smart City, and CSEZ (Cochin Special Economic Zone). The city has become a top shopping destination for tourists and natives alike owing to the presence of large retail outlets and shopping centers like Lulu Mall and Oberon Mall. The city has good road, rail, and air connectivity makes it a major spotlight for buyers. In the past few months, the real estate sector is witnessing an upward trend in land prices. The real estate investors are more optimistic that they can earn great returns in the future by investing in Kochi.

Best Builders in Kochi

The trend in the market is like in the recent month’s people who have been working in gulf countries more number of years are now investing in high-end projects. It is also found that the top bestselling projects are high-end projects. So the real estate sector is going to witness high demand and a spike in sales in the upcoming years.

MPS builders we have a project in Kochi offering you a luxurious lifestyle at an affordable price. The demand for housing in Kochi is increasing. That shows it’s the right time to make a real estate investment in Kochi. You are not too late to start investing in real estate. Make a secure investment with MPS builders; we are one of the most reliable builders in Kerala. It’s not too late to give us call now we are here to help you always.

 

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Best Builders in Kochi

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Kochi is the most dynamic and fastest-developing city in Kerala. Kochi is considered as one of the best places to live. It is one of the top places in Kerala with the both traditional and modern style of living. One can simply find many traditional and old buildings to modern sky-touching buildings. A house in Kochi comes with all its vision of a comfortable stay, whether it is the closeness to the sea, connectivity or closeness to major centres like the world-class malls, smart city, international hotels and a variety of other infrastructures.

The dream of creating a home is every man’s fascination which he strives to meet at least once in their lifetime. Kochi city is popular for its shops, metro, and industries. Therefore they are the reason why the city is attracting people from all over the country. And this side by side leads to an improvement in accommodation needs which attracts many real estate builders.

The Kochi city is now transforming from a traditional city to a modern city in Kerala. And being the IT hub for most IT companies it’s an ideal location to build a home or any other in Kochi. Since, a lot of young people are migrating to Kochi, the requirement of the house has doubled within the last 10 years. It is, essential to choose the Best Builders in Kochi while achieving your dream of building a home of your own, without much hassle.

Some qualities of best Builders in Kochi

  • Reliable and quality project management service
  • Use best and cost-effective material
  • Payment based on actual bills and after measurements
  • No rude behaviours with customers
  • Proper legal approval process and have valid licenses
  • On-time completion

This is where the services of a trusted builder become an essential feature to consider. MPS Builders are the Best Builders in Kochi.

If you are looking for the Best Builders in Kochi? Then, I hope you are ready to start making a house or buy an apartment or a villa. And have already done some research on where to buy and how much to spend.

You have chosen to have Kochi as your home and that’s why you are looking for the best builders in Kochi. MPS is a well-reputed builder with top-class properties everywhere in the city. And we are one of the best builders in Kochi have services like Villa projects and Apartments.

 

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How to choose the right builders while buying a flat or an apartment.

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Choosing the right builder is a step that needs to be taken with care. He will be responsible for the home that you are going to live in. There are too many builders in the market. Choosing the most reliable one is quite difficult. Your life’s saving, you are going to invest in your dream home so you should be very cautious. So it is our right and responsibility to make sure that we buy a home from the right builder. Especially choose Flats in Kochi.

Let us see some of the factors, you need to consider before choosing a builder:

Research

The first thing you need to do before choosing a builder is to make research on the builders in your city. You can easily get the details from websites and newspapers. It is good if you make a research on the completed projects, ongoing and future projects. I would also recommend if possible go and visit the completed projects and get a review from the customers.

Reputation and Certification

It is very important to check the license of the builder and also legal authenticity and certification from local and builder’s organizations. Choose the reputed builders for build a flats in kochi and also check for the certification like ISO certification and membership in builders association etc. This will help you to understand the quality of the builder.

If you are planning to buy an ongoing project make sure to have the liability insurance and workers compensation. It is also required to research on any litigation or legal issues of the builder.

Experience of the Builder

Experience says a lot about the efficiency of the builder in the industry. If a builder has been in the market and has delivered a good project during the period of existence, you can be sure that the builder is offering both quality and service. The builders with ample experience will have sufficient knowledge about the industry, the materials and the architecture. It is also good to consider the number of homes built by the builder. It directly reflects the scale of operation, reliability and quality of the builder.

Bank Approvals

Reputed builders will tie-up with banks for home loans. It is advisable to choose the project approved by the nationalized Bank.

Planning and Architecture

Have a look into the portfolio of the builder. If he has a diverse portfolio in terms of architecture, then he will be best in the industry. If a builder is able to show evolution in the flat’s they build and has built buildings that are comparable to high standards is more superior to others. Look into the architectural plans of the completed projects and future projects to understand what they can offer you.

Structural quality

One of the most important factors to be considered is the structural quality. The material used should be of the best quality and the consistency and the work undertaken on the site is of top-notch quality. The construction of the project usually takes place in different phases. Make sure that the builders have given the complete details of these phases of the project you are interested in.

Services after occupation

It is important for the builder to handover the home on time and also to provide good post-occupation service. If the builder is not providing the post-occupation service will not be a reliable option.

Number of ongoing projects

It directly reflects the efficiency of the builder. If there are multiple ongoing projects, it shows that the builder is reliable and he has sufficient funding and experience in the field, so you can opt for it.

Resale value

A good builder will give quality service and also will make a good research about the location. Good location, connectivity, access, future developments, high appreciation value, these are some factors a builder will consider before choosing a location for a project. If you choose the right builder, you have chosen the right location. Flats in Kochi is a good choice for best resale value.

Choose for a flat or an apartment that meets your needs and the builder you choose offers you a home within your budget and also the amenities and lifestyle that you are looking for. Each of us has different needs and different builders have different plans to offer you. It differs depending on the lifestyle, scale and style of the project.

These are some helpful tips before choosing a builder. MPS builders, we are one of the best builders in Kochi, crafting villas, Flats in kochi, flats and apartments across Kerala. Invest your lifetime earning in a secured place. Be careful not to get confused when buying a Flats in kochi. You should have a specific budget plan and must prioritize your requirements. If you are planning to buy a dream home don’t hesitate to contact us.

 

 

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THINGS TO CONSIDER BEFORE BUYING BUDGET FLATS AT KOCHI

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Buying a new flat or house is one of the most important decisions of your life. Therefore, you are required to keep all possible points in mind before you leap and make a decision. You might also need to be more careful while buying Budget Flats at Kochi. Some of the key factors to be considered before investing in a new flat or house location, possession date and price, and there are some more parameters need to be looked into while purchasing a new flat.

Top Things to Consider Buying Budget Flats at Kochi

 

Property Price:

The initial move in choosing a flat or a house is to fix a budget. It makes it simpler to shortlist a flat if you know how much you are ready to spend on it. Analyze the cost of the property in question with the ones surrounding it from several builders to get an idea if the builder has offered you a genuine price.

Maintenance Charges

The maintenance charges on the flat should be understood in advance. General Electricity Charges, Revenue Taxes, Municipal Taxes, Municipal Taxes, Water Taxes, Backup Generators, Security, Sweepers, Renters, and Other Workers should be investigated to see if they are involved in maintenance charges. The purchase should be accompanied by a charge for car parking space. Be aware of the protection / CCTV camera setup in the flats complex. Before-mentioned safety precautions should be taken into account when investing in a flat that is safer than a home.

Location of the Flat

Not to neglect the location of flat, it is very essential to look around the area where you are going to be eventually residing in. The amenities, physical infrastructure and reach to all the basic places are important to be analyzed. The flat should have access to work, bus/train transport, children to go to school, hospitals, and shops to buy essential items.

 

These factors will help you have a peaceful living in the house. The flat should be in a safe and secure place, offering some safety to families living in the flat.

MPS builders, we are one of the most reliable builders in Kochi and we offer the best Budget Flats at Kochi. We are crafting apartments, villas and flats across Kerala. If you are planning to buy Budget flats at Kochi, I would say it is a wise choice. We have our projects in Kochi. You can trust and invest in our projects; our executives are always ready to help you. You just need to make a call and we are there to suggest the best option for you. Your dream is just a call away!

 

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New Real Estate Trends in 2020

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The real estate market has indeed gone through certain ups and downs, yet it is a powerful competitor for other businesses. Additionally, the buyer’s choices vary according to the trends. Buying Flats in metro cities (Flats in Kochi, Mumbai, Chennai, Delhi, Kolkata, Hyderabad, and Bangalore) is also increased at the end of 2019.

Here we are giving some real estate trends in 2020

Increased Investments

Now, you can see an increase in the real estate industry as many business people, homebuyers, & foreigners have started investing in it. Then, if you have home or land, you can lease it, start a business, develop a home, or do anything.

Affordable Homes

Owing to the enhanced price rate in cement, sand, brick, etc. the rental houses are also increasing in their price. The real estate industry will also launch new plans for homes at an affordable price with a low-interest rate. A beautiful Flat in Kochi is the dream of many of us. MPS Builders Pvt.Ltd is one of the best builders in Kochi because they provide the best quality Flats in Kochi with an affordable rate.

Need for Affordable Homes

In India, the affordable home will continue to be an important opportunity as buyers will profit from the availability of low-cost home loans and lower GST rates.
Moreover, the 2019 Union Budget stated about the tax reductions on the home loan interest. All these encourage the growth of affordable houses in the real estate business.

Application of New Technology

50% of customers find a home on the internet. Technology has renewed the real estate industry. Technologies like online house selling websites, social media are implemented already.

In 2020, Artificial Intelligence is going to produce a bigger influence on the real estate industry in India. The agents can collect and examine the customer’s data efficiently through Artificial Intelligence and give the customers an experience to buy their home or apartment without risks.

More Listings for Luxury Homes

In India, many people prefer to have a safe and comfortable living style. So, there is a huge demand for luxury homes. Flats in Kochi, Mumbai, Chennai, Bangalore these are highly recommended places for luxury living. By 2020, luxury apartments are going to be trending in the real estate enterprise.

Use of Facilities

In 2020, unique, safe and comfortable facilities will be added to shape the household property. Nearby supermarket, tech Integration, on-demand dining are some of the facilities that will be incorporated in the future.
And importantly, investors funding in smart homes will be high and homes will turn more interactive because of smart home technology in 2020.

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Why to Choose Flats in Kochi with No Common Walls

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Choosing Apartment living style has become the most-preferred and wanted living option in major metropolitan cities especially in Cochin Kerala. The rise in demand for residential areas have resulted in space constraints to develop residential options. The real estate scenario copes with this situation by incorporating some compact designs in flats and apartments which often harms the concept of peaceful living. Due to the increase in demand for flats in Kochi there are less options for privacy in the residential areas. Selecting an apartment that does not share common walls with the other unit is a smart choice to this problem.

Finding the best builder in Kochi who provides the apartments with no common walls is again a hectic work. Here we are MPS Builders in Tripunithura providing the main attraction of flats with “no common walls”.

Pointing out some of the benefits of having apartments with no common walls:

Noise Free Area

Enjoy the private life with the best available no common wall apartments. Get the hustle free life without the interference of others and the loud noises from the neighborhood.

Absolute privacy

The absence of common walls which shares and transmits sound from one apartment to another apartment, gives the best privacy for the inhabitants. From the blaring TVs to loud chit-chats to crying babies, any potential noise that cause disturbance to the inhabitants is instantly cancelled in these independent structures.

flats in kochi

Natural illumination

Have you ever been haunted with the darkness that the four walls of an apartment offers even in daylight? Here we have flats in tripunithura with no common walls providing good illumination during the day!!

The main attraction of flats in Cochin with no common walls is that there are 3 entry points. That let in ample amount of sunlight and daylight into the rooms providing a provision for natural illumination. Therefore, during the day, the flats in Kochi will be well lit with natural light that also creates and increases a warm and welcoming ambiance within the apartment.

Another advantage that is worth mentioning for a no common wall apartment is the reduced use of the artificial lightings. This could be a much additional attraction for those who now have a high increased electricity bill.

flats in tripunithura

Free flow of air

All the 3 entry points makes sure in ensuring an uninterrupted flow of air within the apartment. With the fresh air circulating in the house, it has a natural ventilation which prevents the temperature from soaring inside and also maintains a comfortable, cool and fresh ambiance by pushing out the stale air. This design helps take advantage of breezy days to its fullest, while also being an energy-efficient alternative to air conditioners even in the summer.

This also allows in maintaining the temperature within the flat at a normal range and also can stay cool even during the summer seasons.

Enjoy the Home Feeling

With the flats in tripunithura of no common walls enjoy the single home feeling without the outer disturbance and other noises. Live the individual life in your apartment with your loved ones with utmost privacy.

Pointing out are some of the benefits of the no common wall apartments there are many other benefits. Having an apartment with no common wall in this era is always is always an asset and much required amenity.
MPS Builders provides apartments with no common walls at tripunithura and many other places in Kerala. Check out the flats in Kochi.

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Eco Friendly Ideas for Healthy Living in Flats in Kochi

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After a long and tiring day at the workplace, everyone wants a different atmosphere in their homes. But is that possible at your flats in Kochi? Everyone whether working in the public sector or private sector wish to have a relaxed mode at home, what if your home can’t provide that?? There are many factors from the outer world which disturbs the calmness of the house. The pollution and the toxic materials from the factories affect the atmosphere and thus polluting the inside air. For avoiding this situation in your home adopt the Eco-friendly ideas and stay refreshed.

Talking about the amount of pollution in the city and the effects it has on the residents there has to be some ways to keep our flats in Kochi safe and secure from these hazards. There are simple ways to keep up the flats green and maintain a good atmosphere within the flats. Adding the benefits of an Eco-friendly apartment. There are many benefits using Eco-friendly methods, the main benefits include:

Less maintenance
Use of natural products
Degradable
Giving best Quality Living
Natural cooling effects

With these benefits in hand check out the different Eco-friendly decoration ideas that can be adopted in your flats too and make your home the best one.
Some of the Eco-Friendly ideas for your Home are:

Add Indoor Plants

The most toxic and harmful emission from a factory is nothing other than the toxic gas carbon dioxide. You might have heard that the plants use them for their food preparation. So here is the solution for avoiding the high amount of carbon dioxide!!! Keep some of the indoor plants in your flats.
Keep indoor plants which are easy to maintain and adds beauty to the home. Having herbal plants such as Tulsi also gives aesthetic value and can be used as medicine also. This indoor garden can add up a positive feeling at your flats.

builders in ernakulam

Avoid the use of Plastics

The plastic materials and the synthetic materials used within our homes when kept untouched for a long period of time generates a foul smell. This can also be disturbing for the inhabitants as it releases some chemicals when it is not used for a while.
Even the use of plastic tumblers and other plastic materials can be avoided as the disposal of such materials are always difficult when living in a community.
It is always advisable to use cotton materials and the steel tumblers for the use to keep your Flats in Kochi Eco friendly and create a healthy environment.

Use Bamboo Furniture’s

The use of bamboo furniture’s in flats is always advised as they are never toxic and are Eco friendly. They are easily disposable and can be used for a longer time. Even the chairs and other furniture’s with the house can be of bamboos for reducing the use of extra furniture’s thus decreasing the use of wooden chairs and furniture.
They can be more of add ons to the house adding a new look to the rooms and the interiors.

builders in cochin

Add Good Ventilation

Having good ventilation at your house is yet another good updation for the home to get good fresh air. Always make it a point to tell the builders in Kochi to make it up and build with windows.
Energy-efficient windows will never leave chemicals and toxins which are present inside the house. It is advisable to open windows at least for some time daily even during winters to get fresh and cool air.

 

Adding A Rain Water Harvesting Plant

As we can see the demand for water is increasing day by day and authorities are finding it difficult to deal with it. The importance of rainwater harvesting arises in this situation and skyscrapers like flats can do a lot on this. Flats in Kochi and apartments are facing the water deficiency higher compared to traditional homes and through rainwater harvesting, they can manage to maintain the supplementary water requirement.
Adding a Rainwater harvesting system can be much use as it can benefit all the residents within the apartment. The Flats in Tripunithura helps up with the building of rainwater harvesting plants that can be much useful in future.

All of the above mentioned Eco-friendly ideas can prove to be the best ones for apartments and can add aesthetic values to your homes. Find the best ravishing homes for your future with the best builders in Kochi.

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Fire Safety Precautions for High Rise Flats in Cochin

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The recent incidents in the Cochin city have been not that glad news as there was a range of fire breakthroughs all over the city. The city was submerged under the smoke for nearly two days. All the parts of the city were under the same situation and it caused havoc all around. The most affected where the flats in Cochin. The fire that broke out in the brahmapuram plant lasted for more than 24 hours. It was also difficult for the fire force to control it.

The most affected where the apartments and the other higher buildings due to the height and the other problems. People living in an apartment building need to think ahead and be prepared in the event of a fire. It is important to know the fire safety features in your building and work together with neighbors to help keep the building as fire-safe as possible.

The recent fire explosion at the brahmapuram plant at kakkanad caused high havoc for the inhabitants in the flats in tripunithura. The main cause for the fire was the mismanagement of the waste at the plant. Always make sure to be safe within your flat during and after a fire explosion.

flats in cochin

As the height of the building increases due to the wind and the other problems the smoke gets scattered within the building and never gets out. Lets now discuss why the risks of fire perceived areas much higher in tall buildings. The main reasons for this are:

  • Egress Systems
  • Access to Floors
  • Forces of Nature
  • Crowded Place
  • Less Vertical Utility

Egress Systems in Flats

The main problem lies in the exit stares as the number of storeys of the buildings is increasing the chances of crowding in the exit stares also increases. The overcrowding and the steepness of the exit stare causes in staking of the smoke.

Access to Floors

In case of high rise flats, the reach by the rescuers is also limited. Some of the intermediate flats will cause a problem for the rescue team. The upper levels will be facing the threat of the smoke.

Forces of Nature

Wind always has an impact on the movement of the smoke. This always adversely affects the high buildings. The smoke spreads much faster in case of higher buildings than compared to the smaller buildings

Crowded Place

It’s always difficult to control the spread of the smoke if the place is much crowded as there will free space for the movement, which again makes it difficult.

Less Vertical Utility

Because of the use of the pipes and other requirements vertically, the space available for the rescue team is much lesser.

These are the main hurdles that are to be kept in mind while trying out for a fire rescue within a high rise apartment. The main reason for the fire that caused in the parts of kochi were due to the less maintenance of the waste plant and the high rise in the summer heat.
There were many buildings in kochi from the various builders in kochi which suffered from the causes of the fire that broke out.

Here are some tips for the high rise apartments to safeguard during and after a fire accident:

Building Fire Safety

Make to take safety measures and be prepared every time. Talk to the apartment builder about the fire detection systems and other safety measures required.

Be Prepared

Learn about the evacuation plan of the building and have regular plans according to the requirements. Be sure to know about the stairs and the exit ways from the building.

Summer Emergency Kit

Maintain a summer emergency kit in your plan so that it can be much easy during an evacuation. The summer kit must include the charger and another day to day pieces of stuff required for you.

Have a Regular Watch

Make sure to regularly monitor the announcements from the authorities and follow them. Be prepared and have a thorough check with your apartment eventually.

Be aware of emergency contacts around your apartment complex

Have emergency contacts like the fire department, hospitals in hand. Save them in your mobile and tag them properly, so that you can easily find these numbers during an emergency.

Have regular Fire Safety Sessions and Fire Drills

Fire systems familiarisation sessions and fire drills should be held once every six months so that residents know how to use fire fighting devices.

The ongoing flats in tripunithura add up with the much-developed fire precaution systems and thus giving their investors a good living experience.

Some of the Do’s and Don’ts during a Fire Emergency:

  • Urgently call the Fire Department and also an Ambulance.
  • Alert everyone and quickly move them towards the fire exit
  • Don’t use the lift and make use of the stairs instead.
  • When evacuating the building, be sure to feel doors for heat before opening them to be sure there is no fire danger.
  • If there is smoke in the air, stay low to the ground, especially your head, to reduce inhalation exposure.
  • In case if you are trapped in your room or building during fire try to stop smoke and fire getting into your room by using towels, blankets or spare clothes to block the gaps in the door.
  • If you catch fire on your clothes then stop, do panic or run. It will make the fire burn faster and lead to more injuries or burn. Dropping on the ground and rolling can help extinguish the fire.Make sure to follow these steps and never panic during a fire breakout. Keep up the lessons from your builder and be a good listener. Follow the instructions from the authorities also during the calamitic seasons. Make it a point to check with the builder for the updated safety measures that are carrying out every year. Happy Living at your Homes.
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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!!

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