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Real Estate Guide 

Tips of Home Buying | Housing Finance | Home loans for resident Indians

Real Estate Scenario in Calicut /Malabar / Kerala


The boom in the real estate market in the early nineties led to spread of building developers who were driven by the lure of profit maximization with little commitment to the trade. The outrageous nature of their operations left an irreparable scratch in the market, which has been detectable in the period of recession. The downfall in real estate market that started in the mid nineties has since bottomed out and the present trends are encouraging and it is there the significance of GD Somaiya comes into scenario. 

We are projected as  

A builder community that has become more professional, ensuring better quality and timely delivery.

A builder community where there is an increased emphasis on quality and cost control. Documentation methods of project details are more rigorous and more meaningful.
Today, GD Somaiya builders are offering a range of value added services and concessions for the end-user.

Why Kerala 

Kerala is easily accessible to the outside world with international airports at Thiruvananthapuram, Kochi and Kozhikode, operating over 100 flights weekly to destinations in the Gulf, and other countries. On the national network, it is connected to all the major cities. For those who have their roots in Kerala with many memories and sentiments attached, this is the best place to have a good living close to one's loved ones. Since there are more than two millions of people working abroad and most of them having a life ambition to own a modern home in Kerala.

A house needn't be a place to stay in the whole year round; it can be a good alternative to spend your vacations too. Why spend your well deserved vacation elsewhere when you can have privacy and pleasure in your very own cozy home, in your own native land. 

Tips on Home Buying

Buying a home is indeed a major step in one's life, possibly a once in a lifetime commitment. The nice way is to look for two types of values when choosing a new home - the hard value and the soft value. Hard value is the ability of the house to retain its price and to increase it over a period of time, thereby ensuring returns on your investment. Soft value is the capability of a house to meet your expectations or requirements from a home.

Look for the basic requirements

First step of buying a house is to list out your family's requirements or priorities like the number of rooms, size of the house, etc. Since this is a major decision in life, considers future requirements too. 
 

Planning your budget

Before looking around for your dream house, it is better to have a rough idea as to how much you intend to spend and how you'll arrange for it. A good builder plays the role of a financial consultant, by advising you about various schemes as well as directing you to best suited options. 

 

Choosing the ideal location

While considering an ideal location, one need not always go for the best location available in the city, which invariably comes with a high price tag. If price is one major consideration, go for a location which has a potential for development in the near future. Make sure that basic necessities like reputed schools, shopping areas, etc. are easily accessible, be it in the city or the suburbs.

 

Looking for the best builders

Looking for good builders with a wide range is the next step. To be on the safer side, study the builder's background to make sure that they have a good track record. By enquiring about their future plans, you can find out if they will be there long enough to fulfill your after sales service requirements.

Always bear in mind that you have the right to examine the title deed of the property to make sure that it is clear. Also ask the builder how soon he can carry out the registration. This is one way of making sure that property is clear and free from mortgages.

After you have chosen a project, ask the builder to show a sample house and compare it with your list of needs. If it matches with your requirements of soft value as well as hard value, it is indeed your dream house. So go for it before somebody else makes the deal and "live happily ever after".

 

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