Benefits of Buying an Apartment Building in Vennala

5 JUL 2024

Urban living has transformed the way people lead life in many ways. With living spaces evolving to meet the varying needs of potential home buyers, modern homes today are much beyond the basic. Kochi is one such place where change is constant and new projects pave the way to new experiences. Buying an apartment building in Vennala, Kochi can open the door to new experiences as the place has witnessed rapid growth and development over the years.

The place is home to some of the renowned temples like Vennala Mahadeva Temple and Kottangavu Bhagavathi Temple. Moreover, the presence of the Vennala Abhayamatha Church, Vennala St. Mathews Church, and the Vadakaneith Pally Mosque imbues Vennala with a profound sense of spiritual importance.

Being adjacent to National Highway 47 affords residents unparalleled connectivity and accessibility. Furthermore, the proximity to numerous malls enhances the convenience and lifestyle of its inhabitants, offering a plethora of leisure and retail options at their doorstep.

Advantages of Investing in Apartment Buildings

Buying an Apartment Building
Owning an apartment building comes with a plethora of advantages, and Vennala amplifies these benefits tenfold.

Buying an Apartment Building – The Location and Accessibility

One of the major advantages of investing in 2bhk&3bhk Apartments in Kerala is the prime location it offers to the residents. Living in a city brings its own set of advantages as it provides excellent connectivity to the transportation hubs making commuting easier for residents. Not just that, you can get quick access to all the essential facilities like workspace, healthcare centres, schools and colleges and other amenities as they’re all available in and around the residential properties.

For instance, the Palarivattom Metro Station is just 1 Km from the Confident Sunflower, a premium residential property by Confident Group, and so is the Ernakulam Medical Center. You can even find shopping malls within 2 Km of the property.

Passive Income

Investing in a furnished apartment building can be a smart move for earning rental income. Cities can draw the attention of many people like students and young professionals alike who love the whiff of urban life. Because so many people want to live in the heart of the city, there’s always a bunch of potential tenants. With not a ton of these apartments available, you could see some nice rental profits and maybe even a boost in property value over time.

Increase in Property Value

The property value of residential properties in the city usually goes up faster than other properties in the suburbs. With limited availability of land and so many people yearning to move to the city, property values would keep climbing. As new projects or establishments make their way to the city, the value of apartments is expected to keep going up, making them a great investment for growing your money.

Lifestyle and Amenities

Another added advantage of apartment living is the quality of life it offers its residents. Reputed builders are coming up with new features and amenities that can cushion all needs and improve lifestyle. Right from fitness centres, party halls, and game rooms to swimming pools, 24/7 security, luxurious lounges and more, apartment life is much beyond what we’ve seen the past few years.

The best part is that residents don’t have to worry about travelling too far distances, as all are available at their fingertips. Living in places with parks, theatres, restaurants, and shopping malls means there’s always something fun nearby. And being able to walk to these places saves time and makes life more enjoyable.

Diverse Investment Portfolio and Investment Security

Putting money into apartment buildings allows your investment portfolio to grow. Real estate usually doesn’t move in the same way as stocks or bonds, so it helps spread out the risk. Plus, real estate tends to be more stable, which can help protect your money when the market gets rocky, giving you some peace of mind.

Financial Considerations and Investment Strategies

Chalk out your Investment Goals – When buying an apartment building, your end goal should be quite clear. Are you considering buying the property to rent out for a steady income? Or do you see it as a long-term investment for building wealth through capital growth? Whatever your plan may be, make sure to formulate your strategy accordingly.

The Type of Property – When it comes to investing in properties, the choices are many. Whether it’s vacant land for development or holding onto, residential property for living in or renting out. You might also want to think about an indirect investment in property, like through a Real Estate Investment Trust (REIT).

Diversify – Diversifying your portfolio across various asset classes, industries, and regions helps reduce volatility’s impact. Apartment buildings, unlike single-unit properties, spread risk across multiple units, minimizing vacancy impacts for a more resilient investment.

Anticipated Cash Flow and Profit Potential – When investing in an apartment building, assessing cash flows and profit opportunities is vital. Aside from rental income, potential profit avenues include property appreciation, renovations, tax benefits, and seizing market opportunities. Understanding these factors is key to maximizing returns and long-term financial success in real estate.

Location – When you’re buying an apartment building, aim for areas where rental demand is high. Even if you’re buying a house to live in now, think about the future – there might come a time when you want to rent it out. Look for places with solid infrastructure and the potential for property value to increase over time.

Apartment Amenities

Apartment life comes with a baggage of perks that make life a breeze for the residents. These features are not only meant to enhance one’s lifestyle but also prevent the hassle of traveling to far distances to avail of the amenities.

Rooftop Swimming Pool – Who doesn’t love a jump into the pool? It brings an array of emotions like fun, unwinding and relaxation. Set atop the building, this innovative feature, favored by builders, transforms any space into a rejuvenating oasis. Residents are attracted to the idea of swimming with breathtaking views, enhancing property value.

Centralised Gas System – Convenience meets efficiency with the integration of a centralized gas system in Vennala’s apartment buildings. This innovative feature ensures an uninterrupted gas supply to every unit, promoting safety and convenience for residents. Additionally, the centralized system reduces the maintenance and repair costs associated with individual gas cylinders or tanks.

Kids Area – In modern apartments, living spaces cater not just to couples but also to families, providing children with areas to play and make friends. Bright and colorful kids’ play areas encourage a vibrant childhood experience.

Multipurpose Gym – The apartment premises feature a multipurpose gym, complete with top-notch fitness equipment and expert trainers, promoting health and wellness. Residents benefit from convenient access to exercise facilities, eliminating the need to travel to external gyms. This encourages an active lifestyle while prioritizing residents’ well-being.

Stability and Security – Security is paramount in apartment buildings, offering residents peace of mind in an increasingly uncertain world. From robust surveillance systems to round-the-clock security personnel, every measure is taken to safeguard residents and their belongings. Additionally, the stability of owning an apartment building in Vennala extends beyond physical security to financial stability.

Waste Management System –As nature concerns grow, residents embrace environmental consciousness. Through segregation, recycling, and responsible disposal, they foster a cleaner, greener community. This streamlined waste management not only enhances aesthetics but also promotes sustainability for future generations.

Conclusion

From lucrative financial opportunities to luxurious amenities and the unparalleled beauty of nature, Vennala encapsulates the epitome of modern living. We at Confident Group bring a mix of both worlds to our potential homebuyers. Our 2 & 3 bhk apartment projects stand out as an epitome of modern living where everything you need is at your fingertips. Because we believe that behind every quality life is a confident home.

Author - Webdura

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