There are many benefits in investing in real estate. In a general sense it involves purchasing of property/real estate for gaining profits. Magnitude of benefits of investment whether it is done in townhouses, single family house, luxury condominiums, preconstruction real estate and pre-launched projects. This factor is further influenced by suitable and prominent locations clubbed with availability of all sort of common facilities. Real estate in Kerala is showing a boom trend these days and apartments in Trivandrum and villas in Trivandrum are in high demand, mainly due the following factors:

1) Appreciation: Most people invest in real estate for earning profit on short or long term basis. The longer the period the higher the profit and as and when an investor finds a good opportunity, he enjoys the benefits of investment in real estate.

2) Rental income: People who do not want to sell their constantly appreciating properties; they construct it for additional benefit and rent out same for enjoying regular monthly rental income which makes them financially sound for further investments.

3) Best source of investment: Farsighted people would prefer to invest in real estate as it the safest of all because of the fact that benefits of investment in real estate will fetch better returns without much labour as compared to other sources.

4) Value addition: If a person buys a property with single or double storey old structure, he removes the old structure and construct a multi- storey building and sells the floors at hiked rates thereby earning unlimited benefits of investment in real estate.

When people are looking to buy real estate the old adage is…location, location, location. Since buying an apartment is where you will be residing, location is the first criteria when you are in the market. Location of the apartment takes on a whole new meaning you are buying real estate. Location is the prime deciding factor of accessibility and price. Apartments in Kerala are mainly divided into prime locations in the city, suburban retreats and rural apartments. They target the various priorities of prospective buyers. Young professionals would prefer a city home that is close to work while families might choose the quiet suburbs to live in. Rural apartments would be ideal for older couples to spend their retirement years.

Builders in Trivandrum also focus on these categories of locations and decide on where to build after assessing the market demand of each segment. Budget apartments are mostly constructed in the suburbs, which will incur less cost and hence be available at a lower price for buyers. The pricing is mainly determined by market trends dependent on location, size and amenities. Then the builder fixes a competitive rate for their offerings. Prospective buyers have the final say in choosing their home after considering where they want to live and at what cost depending on their budget.

Investing in budget apartments

In the last few decades, apartments have become increasingly popular, particularly among the young and city dwellers, and there’s often little alternative if you wish to live in a prime location. Buying a budget apartment is a low cost entry into the real estate market in Kerala. The cost of an apartment is cheaper than purchasing a property and building a house in that property, and the returns are often higher than other real estate investments. People find apartments easy to look after being compact and cheap to renovate and furnish.

Things you should keep in mind while selecting a builder to invest in apartments and villas are:

• Age – How old the apartment is factors in on price and resale value.

• Sq. footage of units – Size of the apartment units translate into comfort of living in these spaces.

• Amenities and Features – More the amenities, more the appreciation in value of the investment.

• Value of the property

• Monthly Rents and average rents in the area for similar properties

There are many advantages involved in investing in a budget apartment:

• Increased security

• Lower property taxes than detached homes

• A range of sports and leisure facilities may be provided

• Community living with lots of social contacts and the companionship of close neighbors

• Ease and low-cost of maintenance

Investing in budget apartments is a wise decision to build your long-term wealth and financial security. So if you are thinking of an investment, an apartment can be the right decision.