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Showing posts from 2020

Trends that will be visible in Real Estate post COVID-19

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The beginning of the year 2020 has been in the midst of a deadly pandemic sweeping the world! The pandemic of COVID-19 has shaken the very foundations of nearly all sectors of the industry. Many unshakable beliefs and truths have been turned around. That’s true in real estate as well! Asset Homes takes you through a quick look at the trends that will be visible in Real Estate post-COVID-19. Digitalisation Remote working, distance-learning, e-meetings, etc. have become common in the lockdown times and most businesses are still carrying on the same. Digitalisation has kicked in every sphere and real estate to is reeling under it. Be it in capital deployment, transactions, property management, or even the consumption patterns. The quantum and scale of real estate consumption may change forever. Office spaces shifting to sub-urban locales Many companies still allow their employees to work from home. The pandemic has led to a major shift from the densification of offices or flexi-space...

Eco-friendly decorating ideas for your home

 When you are about to decorate your home, it should be eco-friendly as well! In fact choosing eco-friendly decor will be more beneficial in the long run. More and more builders in Kerala like Asset Homes are building villas in Kochi & villas in Thrissur using eco-friendly materials. Just looking at the ordinary items in your home from a different angle and this will enable you to add a handcrafted finish to your decor. Here are some simple eco-friendly decorating ideas for your home that will help reduce your carbon footprint and even save you some money along the way. Use non-toxic paints Be it for painting your walls or renovating a piece of furniture in your villa in Kochi or villa in Thrissur, use eco-friendly paints. They are free of volatile organic compounds or “VOCs,” which can be harmful to both the environment and to humans.  Repurpose old furniture or windows Renovating your old stuff into new stuff is more rewarding and satisfying than buying new every time. ...

A guide for renting a house

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Renting a property be it as an owner or a tenant is fraught with certain risks but to be on the safer side it’s better to keep in mind certain factors to guarantee you have a safe transaction. Rent rates and other details vary in each state & there are certain guidelines you can follow, as per the Ministry of Housing and Urban Affairs. The Rent Control Act passed by the Indian Government was put into force for controlling rent charges and to safeguard the tenants’ & landowners’ rights. Here’s a guide for renting villas in Thrissur from Asset Homes, the first and only builder in Kerala to deliver 58 residential projects in just 12 years. Just read on... 1. A written rental agreement. Before renting a villa in Thrissur, a written legal agreement between tenants and owners is a must-have to safeguard the interests of both the parties. It’s not good to settle for an oral agreement as it’s not legally binding. The owner will keep the original form and the tenants, t...

How to calculate income tax of vacant property

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Property ownership is seen as an investment everywhere! But most people don't realize that this ownership is taxable. If you own a property like a villa in Thrissur, be it either on rent or kept vacant, you need to pay taxes to the government. If you own more than one built-up property, you are expected to pay income tax on all your properties except on the self-occupied one. Asset Homes, reputed builders in Kerala tries to give you a run-in on: Taxation on vacant property The Income Tax Act, 1961 defines that income from house property is levied not on the basis of rent but on the potential of the property to yield income for the owner. The taxation is on a notional basis, which is based on the annual value of the property - the sum the property could have generated if it was let out in a year. If the let-out property is vacant for a part of the year, the actual rent received will be the gross annual value of the property & the calculation is the same as in ...

10 things that reduce the value of your home

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Putting up your flat for sale in Kochi? You may be expecting a good price from this sale, but many a time a flat fetches an amount far below your expectations. Asset Homes, the most reliable realty brand in Kochi, brings to you a list of 10 things that reduce the value of your home. 1.  Inadequate Parking Space Hassle-free parking is the need of the day! For buyers, the lack of adequate parking space is a big negative. 2. Bad Floor Plan If your flat has a bad layout, small rooms and bathrooms it will reduce the value. 3. Badly in need of large-scale Renovation Ready-to-move-in houses are very much in demand nowadays! If there is many renovations required, many buyers will steer clear of the sale. 4. Poorly maintained Property Poorly maintained flats for sale in Kochi will slash out a considerable amount from your home’s value. Bad Ceilings A flat with cracked and neglected ceilings will show your house badly and might reduce your home’s worth Peeling P...

Real estate trends to watch in 2020

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Indian real estate has been under stress for a long period and with the onset of the new year 2020, we are expecting a marked change to see better times!  It is far too early to predict that normalcy will be restored for the real estate sector in 2020, some predictions could certainly be made on how the markets will behave. Here is an insight on key real estate trends to watch out for in India's housing markets in 2020 by Asset Homes leading Builders in Kochi .  Will property prices come down? The answer to this question is No! While many builders are coping with the severe financial crisis, there isn't much of an option on reducing unit rates of apartments in Kochi. It will be hard to find cheaper homes in 2020 as in the past years.  Will consumer rights be protected in 2020? With the implementation of RERA, we see a change in the market as builders will now be offering clean transactions. There is also hope in the justice system with justice being de...