Importance of Property Insurance

Importance of Property Insurance

Property Insurance provides protection of the property in case of unforeseen events. Like any other insurance, by paying a premium, the property is insured for a fixed sum in case it is damaged in unusual circumstances. It is a means of protecting your investment and mitigating risk. Commercial and residential properties are protected against events like natural calamities, theft, accidents, etc which can damage the property and cause financial losses.

Let us explore the importance of having property insurance:

Protection against natural calamities

We are aware of the ongoing climate change and the impact it has on the environment. The frequency with which drastic natural calamities like floods, famines, cyclones, and tsunamis across locations is increasing every year. The heavy rains causing floods in Mumbai, cyclonic rains in Chennai, and landslides in Uttarakhand are a few instances amongst many others. These calamities pose a significant threat to real estate properties as they cause serious structural damage if not complete destruction. By having property insurance one can be insured against these natural calamities and protect investments.

Theft and Vandalism

Robbery, theft, and vandalism cause serious damage to property. Especially, property owners who own high-end properties are under constant threat of such events. The losses incurred can put a significant financial burden on restoring the property. Having property insurance can protect the owners from financial losses due to these events and the burden of restoring the property can be shared.

Protection against third-party damages

Accidents happen unannounced and if someone gets hurt in the property premises the owner is liable to medical expenses and damages. Property insurance insures you against such incidents by providing liability coverage, legal claims, and compensation that may arise. It is best to have property insurance that will protect against such unforeseen events.

Rental Property Protection

Property owners who rent out their properties can face difficult situations like damage caused by tenants, non-payment of rent, or legal disputes. Property insurance provides protection for property owners by safeguarding their income and protecting them from these events. The owner can be assured of their income without incurring financial losses.

Property insurance offers comprehensive protection to the structure and contents of the property. The premiums are affordable when compared to other forms of insurance. They provide a one-stop solution for multiple contingencies ensuring all-round protection coverage. Insuring your property thus becomes a smart move to protect your property against most uncertain events ensuring peace of mind for the owners.

Why It Is Beneficial To Invest In Real Estate From A Young Age

Why It Is Beneficial To Invest In Real Estate From A Young Age

The early bird catches the worm. The early investor earns high returns. Like anything in life, investments too when started early from a young age give the best returns. This is because investments for longer periods have the advantage of time. The longer the asset exists the greater it appreciates in value. Real estate like any other asset keeps appreciating over time, at least in the current scenario. The Kochi real estate market is one of the fastest-growing markets in terms of value and size. So, investing in this property market will be highly lucrative.

Let us delve some more into this:

1. The Luxury of Time

Investing from the time you get your first job can prove to be extremely profitable in the long term. The long period of staying invested will earn high returns by making the most of the market growth and compounded returns. As the liabilities during this period are low, young people can take calculated risks. They also have more time for research to find the best investing opportunities and make the most of them. There are many property investment opportunities to choose from the various projects being developed by builders in Kochi.

2. Easy Loans

It is easier to get a loan to invest in flats in Kochi when you are young. You can get a longer tenure and the advantage of lower EMI payouts on home loans. You can also repay the loans faster by making bulk payments whenever possible and reducing the amount of interest you pay. At the same time, you are also going to earn a rental income on your real estate investments as well as enjoy the appreciation in its value.

3. Early Break Even

The power of time will allow you to break even early on your investments. Your income from your profession and the rental income together will help you break even sooner. Once the payment liability on the invested property is completed you can earn a regular monthly income on your property. By recouping your investments in the property, you will earn a sizeable incrementing return on your property.

4. Large Retirement Corpus

Whatever your plans may be for early retirement or world travel, a well-planned investment for a long period can make them true. By choosing the right property to invest in, be it commercial or residential, investing in real estate in the present market promises good returns in the future. By starting in your mid-twenties you can rest assured of significant corpus earnings on your investment by your mid-40s and early 50s. This will give you flexibility to pursue your personal life goals.

Financial planning and investments over long periods are time-tested strategies for maximizing wealth. Starting early when you are young gives the biggest advantage of time which directly translates to wealth accumulation.

The real estate market is now booming in the Tier-2 and Tier-3 cities. The property rates are comparatively low in these cities when compared to the metros and Tier 1 cities. By investing in these properties from an early age one can make the most of the growth in the markets and the long period for which they will stay invested.

Kochi Real Estate Overview

Kochi Real Estate Overview

Kochi is known as the Queen of the Arabian Sea for its natural beauty, scenic views, and rich cultural heritage. It is a top choice for domestic and international tourists and has been ranked sixth among the top tourist destinations of India by Nielson. According to McKinsey Global Institute, Kochi is one of the top 28 Indian cities that will be a part of 440 global cities which will make for 50% of the world’s GDP by 2025.


Kochi has been identified as one of the 20 smart cities by the Ministry of Urban Development, Government of India through a competitive selection process. This means that the city will get a special focus on the development of planned and improved infrastructure. The focus will be on E-Governance, water management, power supply, sanitation, solid waste management, efficient urban transportation, and IT Connectivity.

The city is well connected to the rest of the country and world by air, road, and rail. The domestic and international airports, state and national highways passing through it, and railways give access to all major hubs and cities within the state and country. The network of roads in the city are the principal modes of movement of transport within the city.


The Kochi Refineries, Kochi Shipping Yard, Eloor Industrial Estate, Kakkanad technological cluster, and the Special Economic Zones are the major hubs for industrial activity in the region. These regions are responsible for the major economic development in the city and account for the presence of more than 450 IT companies and 250 companies from other industries. The demand for housing and commercial real estate is fuelled by these developments. This demand is forecasted to keep growing in the future too.

Real Estate Scenario

There are several reasons for Kochi being the preferred destination to settle down. The city is rated as one of the safest cities to live in India. Living in Kochi is affordable, and the booming IT industry is attracting many professionals to migrate to the city. These factors are responsible for the rapid development of the real estate sector.

The builders in Kochi are developing residential and commercial real estate to meet the growing demand. From budget to luxury apartments, independent houses, and villas, the home buyer and investor have a range of choices offered by leading developers. Most of the flats in Kochi have the best amenities and facilities that meet international standards. 2 and 3 BHK flats in Kochi are the preferred configurations by home buyers and investors.

The pricing for residential homes ranges from ₹2000 to ₹9000 per square feet depending on the locality and type of projects. Some of the major locations are Kakkanad, Edapally, Kaloor, Thevara, Aluva, Panampilly Nagar etc. Kochi is a major hub for real estate and is poised for growth in the coming years.

Why Kochi Is A Top Real Estate Destination For NRIs

Why Kochi Is A Top Real Estate Destination For NRIs

Kochi is the fastest-growing Tier II city in India. It is also the economic capital of the state of Kerala. Rapid infrastructure and industry development have boosted the real estate market which is witnessing a huge demand for residential and commercial properties. Rising incomes and living standards in the metropolitan have created a steady rise in the demand for luxury living. The city also poses as a perfect blend of traditional and modern cultural lifestyles for its residents making it an attractive destination for an NRI (Non-resident Indian).

Let us look at some important trends in the property market of Kochi:

1. Location

The prime locations that offer luxury flats in Kochi are Marine Drive, Panampilly Naga, Kakkanada, Vyttila, and Kadavanthra. These prime locations offer elite neighborhoods, waterfront areas, and stunning views of the sea and backwaters. They have easy access to educational institutes, hospitals, malls, cafes, and restaurants. They also offer some of the best commercial real estate in the city.

2. Design and Architecture

The luxury flats in Kochi are adorned with modern as well as traditional architecture to suit the tastes of the selective NRI buyer. Luxe apartments, bungalows, and villas showcase elegant designs and contemporary layouts giving them a refined look. High-end interiors with premium materials, fixtures, and fittings are used to entice the NRI elite.

3. Amenities and Facilities

Luxury homes in Kochi offer world-class amenities to keep up with the lifestyle of the wealthy. Swimming pools, fitness centers, clubhouses, spa and wellness centers, multi-car parking, 24×7 security, and concierge services are common facilities that suit the Uber lifestyle.

4. Privacy and Security

The high-end security and privacy distinguish flats for sale in Kochi. The gated communities of these projects have restricted access and security personnel surveillance 24/7. Some complexes also have advanced security features like video intercoms, CCTV surveillance systems, and automatic fire-combating systems.

5. Green and Sustainable Living

Green living and natural resources consciousness are important values that carry special significance for the NRI. Rainwater harvesting systems, solar panels for electricity generation, energy-efficient appliances, and landscaping that prioritizes native plants and conservation are some of the primary features that many luxury projects incorporate.

6. Developers and Builders

The major reputed builders in Kochi offer modern luxurious flats for sale in Kochi to meet the demand of the uber home buyer. They are constantly innovating to distinguish themselves from the competition and win the approval of discerning NRI investors and buyers. Luxurious gated villas, deck-style apartments, personalized services, and heightened security systems are some of the innovative facilities that meet international standards. The luxury flats for sale in the Kochi luxury market are more spacious than budget apartments.

7. Investors

The real estate market in Kochi is seeing steady growth – one of the highest in the country. The different options in home segments help in making smart investment options with the potential for high returns. NRIs interested in Kochi real estate can invest in villas or luxury flats to settle after retirement.

Real estate investment in Kochi can be highly lucrative. After some research on the locations, and property markets and consultation with industry experts, NRIs can invest in property projects without doubts. Reputed projects are in great demand in this city and tend to sell fast. One must be vigilant and quick in investing in good properties.

Wish To Buy A Home in Ernakulam Here’s What You Should Look For

Wish To Buy A Home in Ernakulam? Here’s What You Should Look For

Ernakulam or Kochi, the queen of the Arabian Sea, is a natural wonder in the south Indian state of Kerala. Known for its scenic natural beauty and as a cultural hotspot, this city is also witnessing tremendous economic growth. The city offers its residents a chance for holistic living with many experiences to explore. Most reputed builders and developers in Ernakulam have recognized the city’s potential as a major attraction for home buyers and investors. They are building excellent residential complexes to meet the growing demand for housing.

It is important to keep certain things in mind while buying an apartment in Ernakulam:

1. Budget

Buying an apartment is a major investment. You may be salaried or a businessman, the first step is to check if you have the funds to invest in the apartment. Set your budget after doing a proper analysis of your finances. If you are taking a loan, consider all the costs involved and budget the EMI payment from your income. For example, if you are checking flats for sale in Ernakulam, you need to check if it is within your budget.

2. Location

You need to check how accessible the location is from your workplace. Does the location have good facilities and social infrastructure? Is it easily accessible to schools, hospitals, shopping centers, and malls? These are important questions to be asked before you think of buying a flat in Ernakulam. The location also plays a major role in determining the costs associated with purchasing the property.

3. Builder/Developer Reputation

The reputation of the builder is an important factor before short-listing projects. The track record of the builder can be researched online. The past project reviews, customer feedback, and ratings will give a proper picture of their track record. If it is a new location, it becomes important to check for the reputation of builders for that area. It’s always safe to select a reputed builder who has successfully completed many projects.

4. Legal Documentation

Ownership title, land use permissions, approvals from local authorities and municipalities, and clearances are important documents to check and make sure the project in question is legitimate. No matter how lucrative an offer may seem or how many perks are offered, if all the paperwork is not in place, then it is better to skip that project.

5. Amenities and Facilities

The amenities usually determine the cost of the property these days. Check and compare amenities offered by different projects within your budget. The amenities that are useful to you should be prioritized. A swimming pool, clubhouse, gym, and garden are some of the common amenities that are offered in most reputed apartments in Ernakulam.

6. Safety and Security

Any good apartment project offers basic security features like a gated residential complex with security personnel and CCTV cameras. These are basic facilities that are expected no matter the price of the apartments. After all, one must ensure the safety of the vulnerable members of their family like children and senior citizens.

These are some of the basic criteria you should consider if you wish to buy an apartment in Ernakulam. One can always look for specific facilities and amenities during their search.

Is Ernakulam A Good Investment Option For Upgraders

Is Ernakulam A Good Investment Option For Upgraders

Kochi is the commercial capital of Kerala. It is also known as a major tourist hotspot attracting tourists from all over the country and worldwide. The city is among the fastest-growing cities in the country and has been chosen as a Smart city by the government. Kochi will receive special development status from the central government to develop pan-city solutions and area-based development.

While upgrading your current home to a new one you are looking for better infrastructure and amenities around them. The location is expected to have better social infrastructure and connectivity. The residential project is expected to have the best amenities that promise a better lifestyle and environment for the family to grow. The city to which you are upgrading plays a big role in making certain that your upgrade was worth it.

There are many reasons for Kochi to be a good investment option for those looking to upgrade their homes.

Infrastructure and Development

Kochi is one of the top emerging cities of India and boasts of well-planned residential areas, excellent connectivity, modern healthcare facilities, educational institutes, shopping malls, and entertainment options. It is the first-TIER II city in India to have an operational metro rail network. The international airport connects the city to all major hubs within the country and the world. The builders in Ernakulam are matching these developments by building world-class complexes.


The city has a robust economy driven by tourism, shipping, and marine and Information Technology industries. The government’s special focus to develop these sectors has resulted in the generation of major employment opportunities for those who wish to make the city their home. The Cochin Port and Kochi International Development have further boosted the city as a hub for economic activity.

IT Hub

The special initiative of the government to develop the city as a major IT hub has led to the development of Infopark and Smart City campuses which is gaining the attention of large IT MNCs drawing them to invest in the city.

The Kakkand technological cluster and Cochin Special Economic Zone (CSEZ) offer a major advantage for these companies in cost-cutting as the cost of doing business is low and skilled professionals are easily available at lower costs. This has also boosted employment opportunities pushing the growth of residential flats for sale in Ernakulam.

Real Estate Development

Kochi offers the best residential projects for those looking to upgrade their lifestyle. There is no dearth of residential properties that suit the needs of every budget. Leading builders from the city are now offering luxury flats for sale in Kochi, high-rises with the best modern amenities and a luxurious lifestyle. Developers are creating exceptional homes with creative interiors to entice the home buyer. The smallest of the details and nuances are being taken care of to offer home buyers looking to upgrade their homes.

Kochi is also a hub of rich culture and traditions. The residents of the city can enjoy the most beautiful locales and experience the best cuisines and arts fulfilling all the needs of an enriching lifestyle.

Investing in Residential Real Estate in Kochi

Investing in Residential Real Estate in Kochi, A Smart Choice

A city known for its immense natural beauty, rich cultural heritage, and ideal tourist location, Kochi is emerging as the economic capital of the state of Kerala. Some serious developments in commerce, infrastructure, and industry have boosted the real estate landscape of the city.

Let us look at the factors that are responsible for Kochi’s emergence as an ideal location for real estate investment:

One of the top 20 smart cities in India

Kochi has been identified as one of the 20 smart cities by the Ministry of Urban Development, Government of India through a competitive selection process. This means that the city will get a special focus on the development of planned and improved infrastructure. The focus will be on E-Governance, water management, power supply, sanitation, solid waste management, efficient urban transportation, and IT Connectivity. The special focus on Kochi is bound to improve investments in the city that will boost real estate development at a fast pace.

Economic drivers

The Kakkanad technological cluster and Cochin Special Economic Zones are initiatives taken up by the government to develop Kochi as an industrial hub to boost IT and other industries. The Cochin International Airport’s new international terminal with operational metro and upgradation of the seaport is poised to attract global companies and cargo-based businesses to set shop in and around it. The metro rail will improve connectivity and travel time from Aluva to the key micro markets within the city ensuring real estate development in surrounding areas. These initiatives will drive the demand for residential properties, savvy office spaces, and retail properties.

Growing real estate market

Kochi’s real estate market has seen one of the highest growth amongst Tier 2 cities in India. The boost in infrastructure development, expanding economy, and growing population of skilled workers are reasons for the growth of the real estate industry in the city. There is potential for high returns on investment in real estate with a good scope for rentals. Builders and developers in Kerala consider Kochi an important market. The flats in Kochi are being developed with a vision to match international standards.

Tourism destination

Kochi sees an annual tourism influx equalling 4 times its population. It sees Indian as well as foreign tourists, of which foreign tourists account for 14% making tourism a major industry in the city’s economy. The city’s effort in transforming into a tourism hub will lay the groundwork for the development of hospitality and allied industries.

Infrastructure development backed by economic development has traditionally boosted the real estate industry. Kochi is on the path to becoming a major economic hub in South India and investing in the city’s property market is definitely a smart choice.

Get in touch

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N.H.85 (Kundannoor – Petta Road),
Maradu. P.O, Kochi – 682 304.
Ph: +91 0484-4105000,
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ABAD Builders, set up in 1995, is Kerala’s first CRISIL-rated builder and has also acquired ISO 9001. The ABAD group, with a legacy that goes back to 1931, also has interests in seafood processing, hospitality services, facility & project management services and retail.


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