With the demand for luxury living on the rise, property developers compete to offer unique experiences to their patrons today. Luxury residences go beyond opulent properties in posh localities with rich interiors. The new and upcoming projects are innovative and inventive to create experiences that stand out and lure the uber-rich home buyer.

Some of the trends in luxury flats in Kerala are discussed below.

1. Work-life balance

Working professionals today do not want to travel long distances for work. The trend of walking to work is fast catching up. Most millennials want to stay away from the hustle and bustle of the city and strike a perfect work-life balance. Remote working is a reality and luxury homes must accommodate offices with WIFI connectivity. Convenience is the new benchmark of luxury living with many avenues for socializing now included in the premises of luxury projects. Residents can invite guests and families to spend time and celebrate special occasions at world-class cafes, gourmet restaurants, halls, and banquets.

2. Exclusive amenities

Exclusivity lures luxury home buyers as they want to stand out in the crowd and get noticed. Grand architecture, designer facilities, and eclectic interiors add to their confidence. Amenities such as concierge services, fine dining events, extravagant clubs, terrace pools, spas, and mental well-being avenues are not restricted to five-star hotels alone. They are in demand in luxury apartments in Kochi too.

3. Smart homes

Luxury homes integrated with smart technology enhance luxury living by many folds. Smart homes allow devices to be controlled using a remote control or on applications in mobile phones. Luxury flats for sale in Kochi can adjust room temperature, control lighting, adjust sound, and change TV channels using voice-controlled bots. By using artificial intelligence and the Internet of Things devices will be able to communicate with each other and operate independently after being programmed. Luxury smart homes changing the way we live and reducing our carbon footprint by saving non-renewable energy resources.

4. Next-level security

Luxury flats in Kochi are equipped with security features like CCTV cameras and voice recognition systems that provide security to their patrons like never before. These gated communities have trained security guards, firefighting systems, intercom facilities, and alarm systems that work in sync to provide the best security to residents.

These developments in the luxury residences of Kerala are changing how home buyers and investors perceive luxury living.

‘Home’ conjures up images of comfort, joy, pride, and family. One of the biggest financial decisions you will likely make in your lifetime is whether to buy a home. If you are thinking about applying for a home loan, that decision becomes much more significant.

The majority of loans are regarded as liabilities. However, a house loan cannot be compared to gold loans or personal loans because purchasing a home is creating an asset that often increases in value over time, making home loans advantageous in the long term. The benefits of taking out a home loan are highlighted in the article below.

1. Affordable for all

A typical middle-class salaried individual may now more easily afford to buy a home, thanks to the home loan. Based on the applicant’s credit score and capacity to repay the loan, banks decide whether to approve or reject a home loan application. Lenders will rapidly accept your application if you have a steady source of income and the ability to make the agreed-upon EMIs. Home loans also have a lengthy term, often between 15 and 20 years, so the EMI is lower and more manageable.

2. Cost Effective Credit

In contrast to other kinds of loans, like gold loans or personal loans, lenders provide home loans at appealing and cheap rates of interest. According to the borrower’s profile and the lender’s policy, the interest rate typically varies from 7% to 8.5%.

3. Due Diligence of the Lender

Since purchasing a home is often a once-in-a-lifetime investment, you undoubtedly want to make sure the property is clear of any outstanding legal matters. When you apply to a lender for a home loan, the lender will thoroughly investigate both the property and the builder’s reputation. They will examine the paperwork related to the property and make sure the builder has all the necessary clearance certifications from the local authorities, as well as that the construction is lawful. If you look at top builders in Ernakulam, for instance, you will find that their upcoming projects are often pre-approved because of their long-standing record.

4. Tax Benefits

This is yet another important advantage of getting a home loan. If you pledged your property as collateral for a loan, you will be able to deduct taxes on both the principal and interest portions of the payback. You may deduct the payments of the principal portion of the mortgage under Section 80C. The highest deduction allowed in this case is ₹1.5 lakh.

5. Savings

Each payment you make on your home loan is essentially also saving you money for the future, as you are building equity in the property. As you build equity, you are essentially saving money because you have a greater ownership stake in the property. This can be helpful if you decide to sell the home in the future, as you may be able to sell it for more than you paid for it and use the proceeds to buy a new home or invest in something else.