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What is the difference between studios, apartments and villas? How to choose among them?

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Have you come across terms like studio, duplex, penthouse & villa when you are planning to invest in real estate? If you have so many options to choose from, determining the right one becomes difficult. Don’t get confused, here’s an overview on this topic from luxurykeralaflats.com , the best real estate portal to buy, sell or rent flats in Kerala . Difference between studios, apartments and villas & how to choose among them?  Studio Apartment Also known as a studio flat, it is an apartment with a single room and an open floor plan. It typically consists of living space, bed space, a kitchenette and a bathroom at times having partial walls to create a demarcation. Variations of studio residential apartments include an alcove studio or a convertible studio.  Low cost, availability in prime locations, ease to clean and keep clutter-free are the main advantages. However, the small size, difficulty of having guests over, limited scope for redecorating & small closet sp...

7 Smart home designs for hot and humid Indian weather

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  No more coming home to a hot, humid house! Keep your home cool and comfortable with these 7 Smart home design ideas for hot and humid Indian weather. An insight by luxurykeralaflats.com, the best real estate portal to buy flats in Kerala Choose building materials wisely Choosing the right materials makes all the difference when designing a home in places with hot, humid climates.  By choosing wisely, your home gets protection from heat and moisture and also mould growth. They not just increase the comfort but also decrease the load on your cooling appliances. You can also go for roof material with high solar reflectance to minimise heat gain and help with the energy savings. Design according to the angles of sun If you consider at what angles the sun will hit your house while designing your home you’ll get a cool house!  Keep your kitchen on the east-facing side to get the advantage of the early sun & it also remains cooler in the afternoon.  The west-facing si...

How to choose a home loan provider?

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  Planning to buy a luxury flat in Kochi ? Check out flats in Kerala, at luxurykeralaflats.com before you buy your dream home. A home loan to back you up means you can even go slightly over the budget and go for a bigger house. After you have finalised the flat, you can start checking out home loan providers for your home loan. You should select the lender carefully so that you get a good deal in interest rates and the loan tenure. Just check out this insight... Loan amount and eligibility Based on your occupation (salaried or self-employed), disposable income and number of dependents, your loan eligibility is calculated. Considering your monthly income and the value of the luxury flat in Kochi the loan amount will vary with each loan provider. Choose the one which will sanction nearly 80-85% of the price of the apartment. It is to be noted that a bigger loan would imply a smaller down payment and a higher EMI.  Interest rate Consider the rate of interest before you apply for ...

Established or Small-scale Builders

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When it comes to building your new home you often face the question, whom to approach - Established or Small-scale Builders? The real estate market is crowded with an abundance of developers – new as well as established and there are too many great deals as well! Every developer in each region may carry distinct advantages and drawbacks. Hence, to make an informed buying choice for your flat in Kerala, a prospective buyer must weigh the pros and cons while selecting a real estate builder. The prime real estate portal, luxurykeralaflats.com brings to you a few points to keep in mind when deciding on a developer for your luxury flat in Kochi : RERA Certification It is mandatory that all real estate developers register under their respective State’s regulatory authority RERA. You can safeguard your investment in the event of delayed possession, incomplete project or faulty or substandard construction in a project by a RERA-registered developer. Credibility A reputed developer is consider...

Shortlisting a safe builder

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Buying a luxury flat in Kochi? Shortlisting a safe builder is rather difficult. A safe and reliable builder means complete peace of mind that you have the right people doing the job for you. How to find a safe builder for buying your flat in Kerala ? Prime real estate portal to buy, rent or sell flats in Kerala, luxurykeralaflats.com, brings to you a rundown on this topic. Leads from friends & family Find the ideal builder for your flat in Kerala by doing proper research. Delivering the project on time and within the estimated budget should be the main benchmarks of a good builder. Personal recommendation by friends and family will be the best way to get information about the quality of the builders' workmanship, costs, reliability, time period to complete the job etc.  Background check You can thoroughly research any builder from popular online discussion forums. Be wary of any negative reviews of the builder. Apart from that you can check out the websites of each builder to g...

Investing vs. End-use of property

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Real estate investment has scaled up these days as it is considered a long-term solid asset! It will ensure a good ROI over the years. Many investors are not having a clear picture but it is good if you are reasonably certain of the utility of the purchase before buying a villa or a luxury flat in Kochi.  Anyway, the factors for deciding an investment vs end use of property real estate are very different. The popular real estate portal for buying, selling or renting flats in Kerala , luxurykeralaflats.com shares an insight. Location & Infrastructure End-users: If you are planning to own a home for shifting into it sooner or later, location has a major role! Ensure that the locality is conveniently situated and caters to all your needs like access to facilities - schools, hospitals and malls. Connectivity is also important as is the neighbourhood too. Factors like infrastructure development and major residential projects in the pipeline also count to the livability index of the ...

Rights and duties of a house seller

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  Are you the proud owner of a luxury flat in Kochi ? Thinking of selling it? There are certain rights and duties of a house seller you should be aware of. These duties and rights are governed by Section 55 of the Transfer of Property Act, 1882. Duties of a seller before the sale: To reveal all material defects to the potential buyers of the property, which they may not be aware of and may not be able to recognise in future. A material defect may have an unfavourable impact on the property value, or will pose a risk to the resident. These defects can include issues like temporarily-hidden seepage issues, unstable building foundation etc. To disclose all such documents of title which are relevant to the property that are in your possession or in your power to access and show to the buyer. To respond to all the genuine and applicable questions asked by the buyer regarding the property or its title to the best of your knowledge. To enter into a contract with the buyer which states tha...