Trivandrum, the vibrant capital of Kerala, is rapidly evolving into a prime destination for real estate investment. With its burgeoning IT sector, a growing middle-class population, and improved infrastructure, the city is seeing a steady rise in demand for residential apartments. If you're considering investing in an apartment here, it's crucial to familiarize yourself with certain housing terms that will guide you through the process. At Sowparnika Projects, we believe that understanding these terms will help you make an informed decision for a profitable and satisfying investment.
Understand the Floor Area Ratio (FAR) applicable to the apartment complex. It determines the total floor area allowed on a given plot of land, which impacts the apartment’s size and the overall density of the project.
Inquire about the loading factor, which refers to the percentage of common areas (like lobbies, staircases, and elevators) added to each individual apartment's carpet area. A higher loading factor may reduce your usable space and affect the overall apartment cost.
Assess the Open Space Ratio (OSR) in the apartment complex. A higher OSR means more open and green spaces, providing a pleasant living environment and contributing to better air quality.
Check the provision for car parking spaces for residents and visitors. Sufficient parking facilities are essential for convenience and to avoid parking-related issues in the future.
Research the builders in Trivandrum and their reputation and track record in delivering projects on time with quality construction. Trustworthy real estate builders like Sowparnika, overseeing projects like Yara, ISTA and West Holmes, provide quality construction and timely delivery, adding peace of mind to your investment.
Consider the potential for future development in the area. Upcoming infrastructure projects, such as new highways, metro systems, or commercial centers, can significantly enhance property values.
Be aware of the escalation clause in the agreement. This clause allows the builder to increase the apartment’s cost if there are significant changes in raw material prices, labor costs, or other construction-related expenses.
Be vigilant about concealed costs that may not be explicitly mentioned. Clarify all charges, including maintenance fees, clubhouse fees, and legal documentation charges.
Evaluate the proximity of the apartment to commercial establishments. While living near shopping malls, schools, and office hubs offers convenience, consider the potential noise and traffic implications.
Assess the resale and rental demand for apartments in the area. A high demand for rentals can make the property an attractive investment option.
With projects like Yara and West Holmes offering 2 & 3 BHK apartments in Trivandrum near Technopark and St. Thomas School, respectively, and ISTA providing 1, 2 & 3 BHK Duplex flats in Trivandrum near Ulloor, Sowparnika, the leading real estate builder in Trivandrum, ensures your investment is a seamless blend of comfort and convenience. Explore these projects and embark on your journey to find the perfect home in the bustling city of Trivandrum. With Sowparnika’s expertise, your investment is in safe hands.
Happy apartment hunting!
