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The Rise of Luxury Apartments in Kochi
CategoriesBlog Kerala Real Estate kochi

The Rise of Luxury Apartments in Kochi

By ABAD Admin,

Luxury living in Kochi is an ever-evolving phenomenon as builders in Kerala are upping their game to win the hearts of luxury home buyers. The residential landscape is changing fast in Kochi as the number of luxury flats in Kochi rises. Aspiring professionals, entrepreneurs, and expatriates have embraced sophisticated living in luxury residences like never before. Kochi offers an ideal mix for luxury connoisseurs with its natural beauty and growing urban lifestyle.

This blog provides a glimpse into the factors influencing this trend:

1. Economic Affluence

The Kochi economy has seen a steep growth trajectory in recent years driven by the IT, tourism, and healthcare sectors that have contributed greatly to the prosperity of its residents. The rising affluence has empowered residents to invest in luxury apartments in Kochi to upgrade their lifestyles. The new-age home buyer demands world-class opulent residences, amenities, and facilities.

2. Aspirational Lifestyle

We are aware that Kerala has one of the highest NRIs living and traveling abroad. The modern homebuyer is exposed to world-class luxury living and won’t waste time in fulfilling the aspiration of living an opulent lifestyle. Luxurious homes, premium amenities, and a thriving social life are the expectations of these home buyers. Builders and developers in Kerala are leaving no stone unturned in alluring them with premium apartments in Kochi.

3. Exclusive Branding

Branded developers collaborate with high-end consumer and hospitality brands in their projects to offer the residents an elite lifestyle. These projects are complemented by high-end amenities like concierge services, high-end security systems, and personalized home services which complement the lifestyle of high-net-worth individuals.

4. Smart Home Technology

Luxury residences are now adorned with high-end technology features like home automation systems, enhanced security features and remote-controlled systems. The luxury experience is taken to the next level by the convenience and automation provided by these systems which can create an automatic ambiance by recording the customer’s preferences. Controlling temperature. lightning and programmed operation of electronic devices are other features of automation systems.

5. Sustainability

An added advantage of home automation is their contribution of enhancing sustainability and eco-friendly features in modern luxury residences. Automated systems help in conserving natural non-renewable resources fulfilling the sustainability aspirations of the new age homebuyers. Green and eco-friendly features are essential attributes of luxury projects.

These are the distinguishing features of luxury projects in Kochi that are transforming the residential real estate landscape.

Future of Real Estate Emerging Trends and Technologies
CategoriesBlog Kerala Real Estate

Future of Real Estate: Emerging Trends and Technologies

By ABAD Group,

The fast-growing real estate industry is undergoing rapid transformation powered by technology. The way property is bought, sold, and used is changing quickly with each passing year and is changing fast. Property builders in Kochi must keep up with these changes to meet buyer’s demands. By understanding emerging technologies and changing buyer preferences, builders and developers in Kerala build projects that boast comfort, convenience, and luxury like never before.

This blog discusses emerging trends and technologies in the real estate landscape:

1. Demand For Luxury Real Estate

The rise of disposable incomes and shifting consumer preferences are influencing homebuyer preferences, especially millennials. They are gravitating towards luxury real estate due to the growing affluence and changing urban lifestyle. They aspire to live in exclusive residential projects with high-end amenities. The potential for high return on investment and increased rental incomes are also pushing investors towards luxury apartments in Kochi. These factors have resulted in a significant rise in the sale of luxury properties all over.

2. Rise of Low-density Housing

Low-density housing options like villas, townhouses, and plotted developments are in demand. These properties with less population use fewer natural resources like water, power, and air. Residents of these properties want to live sustainably by preserving resources like land and water to be in harmony with nature. The land is largely unused in these projects reducing the need for infrastructure and staying away from crowded cities. Builders in Kerala are responding to these trends by introducing well-planned low-density projects emphasizing open spaces, lush greenery, and exclusivity.

3. Smart Homes

Smart homes are built to make residences convenient for the owners by using technology to automate various activities within the home. Smart thermostats, efficient lighting, and the use of solar energy have helped in conserving power and reducing utility bills. Enhanced security features, remote control of home appliances and devices, and automatic control features are changing the living experience in the new age of smart homes.

4. Virtual and Augmented Reality

Prospective buyers can now take virtual tours of properties from the comfort of their homes. Virtual reality tours give buyers a seamless experience with property details in real time. They can have a good understanding of the properties, examine the details closely, and get a good understanding to make their decisions without having to visit the property. Augmented reality enhances the property experience by overlaying digital information onto the physical surroundings to envision their future home.

These are the trends and technologies being adopted by property developers in upcoming locations like flats in Vytilla. Combining technology and emerging trends in real estate most residential projects will keep evolving to meet the demands of the discerning customer.

Step-by-Step Guide to Under Construction Projects in Kerala
CategoriesBlog Kerala Real Estate

Step-by-Step Guide to Under Construction Projects in Kerala

By ABAD Group,

In Kerala, where the real estate market is flourishing, opting for an under-construction project comes with numerous advantages for potential buyers. Builders in Ernakulam employ various strategies, such as enticing brochures, attractive offers, flexible payment options, and competitive prices, to attract a wide range of buyers. Despite the alluring offers, home buyers must exercise caution and conduct thorough due diligence before finalizing any deal.

Below, we explore crucial steps to ensure a seamless process when purchasing an under-construction property in Kerala:

1. Extensive Research

In the many projects in Kerala, developers offer diverse properties at varying price points. Extensive research of under-construction projects in Kerala forms the foundation for shortlisting potential properties that align with your expectations. Consider factors like location, price, configuration, and provided facilities when narrowing down your choices while selecting apartments in Ernakulam.

2. Legal Due Diligence

After shortlisting suitable projects, the next step involves ensuring clear titles and proper paperwork related to land and government approvals. The selected property should be free from legal disputes. The builder must possess all necessary permissions and certificates from authorities allowing the construction work to proceed.

3. Approvals and Permissions

Confirm that the builder has obtained project plan approval, outlining essential details such as project layout, the number of units, and building floors. Ensure the builder adheres to the approved plan of the flats for sale in Ernakulam without engaging in any unauthorized construction that may compromise the project’s designated open spaces.

4. Developer’s Track Record

Assessing the reputation of the builder becomes paramount when considering an under-construction property. Since judging builders solely on future promises is challenging, examining their track records and reviewing feedback from previously constructed flats for sale in Ernakulam is a good strategy for gauging their credibility.

5. RERA Compliance

According to the RERA Act, the selected projects in Kochi should be registered under RERA. Cross-check the developer’s claims and promises on the RERA website using the provided RERA number. RERA ensures adherence to strict timelines and provides a redressal procedure for buyers in case of grievances or disputes.

6. Property Pricing

Homebuyers should be informed about property prices in different locations in Kochi. Evaluate the project’s property prices based on its locality, considering the potential savings associated with booking under-construction projects in Kerala. This stage also allows for negotiations, providing additional benefits to buyers.

7. Payment Schedules

Developers typically offer flexible payment options for under-construction properties. Understanding the payment schedule, which often involves a 10% (may vary) initial deposit and subsequent payments spread over several years, is crucial to managing the financial burden effectively. Studying the payment schedule in detail helps avoid surprises later.

Approaching the purchase of an under-construction property in Kochi with diligence and care can lead to a rewarding investment. By conducting thorough research, ensuring the credibility of the developer and project, and being well-informed, homebuyers can confidently invest in a property that aligns with their aspirations.

NRI Real Estate Investment Guide For Buying Property in Kerala
CategoriesBlog Kerala Real Estate

NRI Real Estate Investment Guide For Buying Property in Kerala

By ABAD Group,

Kerala has one of the highest numbers of expatriates in the country who live in many parts of the world including the Middle East, Europe, and the Americas. Kerala also has very high remittances from abroad compared to most other regions in India. As the real estate market is booming here, many NRIs are investing to increase their assets and earn lucrative returns. Before investing, there are certain important aspects that the NRI investors should consider.

We will discuss these in this blog.

1. Legalities

The real estate transactions for NRIs fall in FEMA – Foreign Exchange Management Act has laid out the guidelines. As per these, NRIs are allowed to buy and rent property in India and transfer the earnings into their NRO or NRE accounts. NRO and NRE accounts are bank accounts that NRIs are allowed to manage their earnings in India and abroad.

NRIs are allowed to take loans from banks to fund their real estate investments and use rental income to repay these loans. They can repay these loans through the NRI and NRE accounts.

2. Research

NRIs should have an investment plan to make outlining their investment objectives clearly. This will help them decide the quantum of investment and the properties they should invest in. Builders in Kerala offer many options for real estate investments. For instance, Kochi flats for sale fall under the luxury, mid-segment, and affordable category. Investing in properties that meet the goals and objectives of the investor makes more sense than following a blanket rule for investment.

3. Residential and Commercial properties

NRIs can choose to invest in residential or commercial properties depending on their investment objectives. Although commercial properties give higher returns, they are difficult to rent out or sell. Residential properties are easily rented or sold due to rapid urbanization across cities in Kerala that have a high demand for housing. Luxury properties are in demand amongst home buyers as they can afford them due to rising incomes. Renting these out or selling them will earn higher returns for NRIs investing in them. Investing in villas, luxury apartments, and similar properties that have high market value are good options for NRIs. New projects offering flats in Vytilla can yield better returns than those in the older suburbs of Kochi.

4. Locations

Most cities in Kerala are growing at a rapid pace. Cities like Kochi, Trivandrum, and Kozhikode have an ideal balance of urban living and natural surroundings. Choosing to invest in these cities can ensure growth in returns every year. Smaller cities like Thrissur and Kottayam are also good destinations for investing with many luxury properties to choose from. Flats for sale in Thiruvalla can be good options for NRIs who want to retire in the calm areas.

Investment in Kerala can fetch NRIs good returns. They must hire local lawyers specializing in property investments who will help them with the policies and procedures laid out by RBI and the government.

What Makes Investing in Kochi Real Estate A Profitable Investment Bet
CategoriesBlog Kerala Real Estate kochi

What Makes Investing in Kochi Real Estate A Profitable Investment Bet

By ABAD Group,

Investing in real estate is the best way to increase wealth in India today. The real estate sector is growing at a rapid pace and is expected to grow in the coming years. Upcoming locations like Kochi present a lucrative opportunity for investors. The city has been selected as a smart city by the government of India giving it a special status for infrastructure and economic development. Kochi is one of the fastest-growing cities in the country with a sound GDP growth supported by infrastructure development and a skilled working population.

Let us look at some important factors that prove that investing in real estate in the city is profitable:

1. Location

Kochi located on the west coast of India is a natural port and one of the largest commercial harbors in India. It serves as a major export destination and gateway to important hubs of the world like the Middle East and Europe. The city is well connected by air, road, and sea to major hubs of the country making it easily accessible for trade and commerce. These reasons have favored the growth of real estate in the region.

2. Growing economy

Kochi is the economic capital of Kerala. The city is seeing significant growth in the IT sector with many major MNCs setting up their offices here. The city also attracts many tourists from all over the country and the world. These factors have boosted the growth of residential and commercial real estate. The demand for apartments in Kochi these will continue to grow with a rise in property values and rental incomes.

3. Booming real estate market

The demand for housing, rapid urbanization, and economic development supported by the government’s initiatives to improve infrastructure, have made Kochi a major real estate hub of Kerala. Investors have a wide range of residential and commercial projects to invest in. The growth in property prices in Kochi is one of the highest in major markets. The rental returns are also noteworthy so investing in flats in Ernakulam is a good option.

4. Quality of life

Kochi is known for its scenic beauty and tourist spots in and around it. The city offers a good modern lifestyle yet is unspoiled by the congestion of large cities. It has the best malls, entertainment avenues, and weekend getaways where young professionals can spend quality time. The city also has the best educational institutions, healthcare facilities, and essential facilities that attract many people to settle here. The demand for housing is estimated to grow manifold in the coming years. Investing in luxury apartments in Kochi can generate good returns given the rising demand for these in the city.

Some new trends seen in the housing projects in Kochi are growth in luxury apartments and projects emphasizing sustainability. Investing in these projects will be in line with the future trends.

Real Estate Investment Options for NRIs (Non-Resident Indians)
CategoriesBlog Kerala Real Estate

Real Estate Investment Options for NRIs (Non-Resident Indians)

By ABAD Group,

There are many reasons why NRIs should invest in real estate in India. The most important being that the sector is growing at a record pace and there are indications that the growth will continue in the coming decade. Economic growth is fuelling rapid urbanisation increasing demand for housing and commercial real estate. New projects across price segments in Tier 2 and Tier 3 cities will soon overtake those in the larger cities. And as the demand increases the returns on these investments are bound to improve on long-term investments. NRIs with a large corpus of funds can be assured of healthy returns if they buy property in India.

Let us look at different options for NRIs who wish to buy property in India:

Residential Real Estate

The options for NRI real estate investment in residential property are plenty. Depending on the long-term use and budget NRIs can choose to invest in metro cities, Tier 1, Tier 2, or Tier 3 cities. The large-scale infrastructure developments across cities are creating new markets in suburbs of large cities and new micro markets. Tier 2 cities are now attracting serious interest from developers in Kochi and investors as there are many projects to invest in at prices that are lower compared to large cities.

With an overall prediction of growth in the sector, returns on investment in smaller cities can be as lucrative as those in large cities if not more. There are many types and formats of residential properties ranging from flats, apartments, independent houses, villas, and plots to luxury and ultra-luxury segments with innovative amenities to fulfill the personal and social aspirations of the residents. The development of self-sufficient townships that have all the features of residential projects with social infrastructure is on the rise meeting the demand for these by modern home buyers.

Commercial real estate

Although commercial real estate requires more capital for investment it also commands higher rentals and prices. The economic growth is fueling the growth of current and new businesses which ultimately require commercial spaces for their operations. Investing in retail spaces, office properties, industrial plots, mixed developments, and warehouses can be highly lucrative for NRIs. The investors can be assured of healthy returns as the economic growth is expected to be robust till 2030.

Real Estate Investment Trusts (REITs)

REITs are funds that invest in real estate stocks in the capital markets. The returns earned as rentals and mortgages are paid to the investors in the form of dividends. These investment instruments are like mutual funds where investors do not individually buy or invest in properties but instead invest in a pool of real estate equity.

These are the various investment options in real estate that NRIs can invest in. It is always advisable to perform due-diligence before investing in any property or instruments by consulting industry experts and doing market research.

The Growing Demand for Sustainable Housing in Kerala
CategoriesBlog Kerala Real Estate

The Growing Demand for Sustainable Housing in Kerala

By ABAD Group,

God’s own country is known for its scenic beauty and rich cultural heritage. Nature has been generous with the state in blessing it with breathtaking landscapes, serene mountains, golden beaches, and a clean environment. The richness of the land needs preservation and the residents of Kerala are realizing this.

With the demand for eco-friendly and sustainable homes increasing steadily, most builders in Kochi know that it is the future of real estate in Kerala. Eco-friendly homes offer a healthy environment to live in as well as several financial benefits to leave behind a legacy for future generations.

Sustainable Housing

Construction of homes by traditional methods increases the carbon footprint due to excessive use of concrete, emission of greenhouse gases, and depletion of natural energy resources. Sustainable housing focuses on reducing environmental degradation and conserving non-renewable resources.

1. Energy efficiency can be achieved by using renewable energy resources like solar energy panels, energy-efficient appliances, and homes designed for natural lighting and ventilation. Wind, hydropower, and biomass are other sustainable options.

2. Sustainable materials like eco-friendly bricks, stone blocks, limestone blocks, and eco-friendly cement can replace traditional building materials with a high carbon footprint.

3. Conserving water by employing rainwater harvesting, recycling, and reusing household wastewater and better water management systems can go a long way in conserving water.

4. Waste management like the segregation of waste and recycling waste for composting that can be reused in the residential ecosystem are ways of improving efficiency.

Benefits

Eco-friendly sustainable homes offer several benefits to residents.

1. Energy and water-efficient homes help reduce utility bills adding to the savings.

2. Sustainable materials have a longer life and reduce the cost and effort of maintenance.

3. They offer a healthy lifestyle in an environment with a lower carbon footprint and by using natural resources like wind and sunlight.

Trends

1. Most projects in Kerala now aim to get green certifications such as LEED and IGBC to promote eco-friendly homes in high demand.

2. Energy-efficient buildings and vertical gardens are common in any property in Kochi including luxury properties proving that luxury and sustainability can co-exist.

3. The presence of open green spaces allows for a healthier lifestyle by promoting physical exercise like walking and outdoor activities.

4. Smart homes and home automation can help optimum utilization of resources reducing carbon footprint.

The Kerala government has made a great effort to promote sustainable real estate development by introducing green building norms and incentivizing eco-friendly practices. By educating home buyers to opt for sustainable homes and eco-friendly living practices the demand for sustainable housing has a green future.

Why ABAD Builders Recommends Buying Home in Kochi
CategoriesBlog Kerala Real Estate

Why ABAD Builders Recommends Buying Home in Kochi

By ABAD Group,

Kochi, or Ernakulam, the queen of the Arabian Sea, is a natural wonder in the south Indian state of Kerala. Known for its scenic natural beauty and as a cultural hotspot, this city is witnessing tremendous economic growth. The city offers its residents a chance for holistic living with many experiences to explore. Most reputed builders in Kochi have recognized the city’s potential as a major attraction for new home buyers. Abad Builders is a leading developer in Kochi who has delivered some of the best residential projects catering to every need of home buyers in the city.

Let us look at some of the specialties of Kochi which distinguish it from other residential destinations:

Lap of Nature

Located in the heart of God’s own country, Kochi is blessed with the lush greenery of the tropics that mesmerizes anyone who visits it. With a serene network of backwaters, lagoons, and islands, residents can enjoy a peaceful and idyllic environment. Residents of Kochi can enjoy the coastal lifestyle, pristine beaches, and unique seafood known only in this region. Who hasn’t heard of the tranquil backwaters of Allepey? One can enjoy boat rides, houseboat stays, and still waters from time to time. Flats in Kochi by Abad Builders are in the best locations in Kochi that have easy access to the natural wonders.

History and Culture

The city’s rich history dates to many centuries. It has been a major trading hub attracting many traders and explorers from all over the globe. Historical monuments like the Chinese Fishing Nets, Mattancherry Palace, and Fort Kochi are witnesses to the city’s past. The diverse influences of many cultures from different parts of the world like Arab, Europe, and Chinese are seen in various cuisines, architecture, and festivals thriving in the city.

The art galleries, theatres, music festivals, and exhibitions have made the city famous as a melting pot for culture enthusiasts and attract many from all over the country and the world.

Infrastructure and Development

Kochi is one of the top emerging cities of India and boasts of well-planned residential areas, excellent connectivity, modern healthcare facilities, educational institutes, shopping malls, and entertainment options. The city has a robust economy driven by tourism, shipping, and marine and Information Technology industries. The government’s special focus on developing these sectors has resulted in the generation of major employment opportunities for those who wish to make the city their home. The Cochin Port and Kochi International Development have further boosted the city as a hub for economic activity.

Residential Projects

Abad builders are constructing apartments in Ernakulam that boast of the best architecture and construction quality. The homes are spacious with the finest interiors and offer high-quality spaces. Most projects offer world-class amenities including swimming pools, clubhouses, and children-specific activity centers amongst many others. They offer the highest privacy and security. Most projects in Kochi are environmentally sensitive and include green and sustainability practices in the projects.

Kochi is undoubtedly a residential paradise offering a holistic living experience for those who want to make the city their home. The home buyer is spoilt for a choice of villas and luxury apartments in Kochi. Abad builders hence recommend buying a home in Kochi to enjoy a complete lifestyle experience.