Luxury apartments in Kochi sometimes take some messing up attitudes, perhaps most of the time, it is associated with finance. The mess is usually due to the lack of the right information at the right time. Home has a beautiful and so affirming connection with human beings and a home of your own is a dream not everyone can pursue. Getting closer to the dream means, it should be in a better form than what you have wished for. Our dreams are always taking a reverse gear and we tend to step back due to lack of money. As money is taking an important role in today’s world, even buying daily essentials has been a tough task playing a wild crucial game with us. The ease of financial concerns is always ending up on bank loans and credit products. The banks extend a wide range of financial assistance like Home Loans, car loans, personal loans, and credit cards, which go beneficial to us at some point in our life in achieving different milestones in our life. Besides these, the banks also put forward additional products such as Top Up, Balance Transfer, and overdraft for the users and they would be equally helpful if you know how to tap the maximum out of the available credit offers or your home dream, home loans are the popular choice as financial consideration you can opt for and the home loans provided are to tap a lower rate of interest. The banks also give a better option to transfer your to a different bank with less rate of interest which is basically opting for the Balance Transfer facility.

The home loan interests may vary from one bank to another and a wrong move can mess up your finances big time.

However, one must take care of certain important factors before opting for a home loan and here we share the list of the top 5 mistakes you must avoid while applying for a home loan.

Depending On DSA

Do you really how the home process is being carried out? Every bank owns a DSA or Direct Sales Agent who takes the responsibility to bring in more clients in a month and each such agent will be provided with a target number to achieve as well. It becomes mandatory if it is a private bank and the route to the approval of a loan is through such agents. All employees are intended to help each other and any client approaching the bank will be directed to the DSAs and who will help you in getting the loan approved. Taking ahead the procedure, you need to write down the transparent picture of your dream home and after the DSA will forward the loan application to the higher authority and so it goes. Here, have got done a better study of the terms and conditions involved? Thus the first mistake happens even without your notice. DSA does not give you the full picture, so ask them, to understand it well before signing any concerns.

No Self Assessment

A healthy credit score is the main criterion to get a home loan processed under normal conditions. Unlimited credit reports are easy and convenient to download and the credit score to go favourable is something above 700 and the same will give you the power to apply for a loan through the best banks. Your creditworthiness will be evaluated by the banks and poor credit history will drop your score and make you ineligible for the loan.

Not comparing different Options

From a client’s point of view, all loans look similar, but when you are intended to opt for one and go deep with its fine print, there you get to understand the difference and know the means it gets to affect us. Various low-interest loan schemes may also be available than the one you are on and to get to know the thing you need to check the points such as

• the reputation of the bank together with that of builders in Ernakulam 
• Annual Percentage Rate (APR)
• Processing and late payment charges
• Prepayment and foreclosure penalties
• Flexibility in repayment

Paying More

Those, who have ended up with the maximum effort for the loan and their needs are getting ready to be executed but kept pending in the wait for the loan to get approved. What is the need for a hurry if things are going smoothly and without hassle, will speeding up will benefit you to get the approval fast? DSA may take your hurry factor for granted and may exploit you in terms of that by either adding additional processing fees

without mentioning it explicitly or may ask for extra money for faster approval of the application. You are the consumer, the consumer is the king in a bank and you have the right to get the information you need. You need to get better proof of documentation for whatever payment you are making and the reason why you should be paid extra has to be mentioned explicitly.

Taking a higher amount than necessary

The bank officials may make you fall for a higher amount of money to buy an apartment for sale in Kochi and you may also feel it beneficial at that moment, but be careful not to get carried away in their attempt to convince you and choose a higher loan amount than what is absolutely necessary. What are the challenges you will have to face ahead in the journey? The interest value may differ with the difference in the loan amount and you may end up with a net loss, it will be a loss-making affair in terms of prepayment penalties, and may tend to jump onto unnecessary spending and many other associated issues, more money means more EMI which you may not be possible to afford on and in turn also hurt your credit score.

To think about selecting the appropriate housing apartments in Kochi for students might be challenging at times, but there is always a great housing option for students. The best part is that they will have choices to match their individual requirements and preferences. Kochi is a city with plenty of options, but just keep an eye on what is good. However, before you make any final commitments regarding your choice, make sure to keep the following factors in mind:

Security

You are going to keep all of your personal possessions at the student housing because it is going to be your safe haven while you are attending college. It’s possible that you could have to keep cash, your laptop, or other valuable items at any point during the day. Depending on how your schedule is set up, the stay will have to be secure. This is why students need to always choose the best Builders in Kochi so that the flats are provided with good amenities and safe housekeeping facilities.  Keeping this in mind, one of the factors you should give some thought to is the level of safety that is present throughout the location.

Bathroom

For students, access to a bathroom is almost certainly the single most important amenity. Check out the condition of the toilet and the bathroom before making a final choice by going there and using the facilities to see if everything is in working order. On top of that, you probably do not want to use a plunger every time only to clear the obstruction. First and foremost, check to see that the bathroom has been kept in good condition. Because this space will be utilized by a large number of students, its cleanliness and hygiene must be maintained at all times.

Internet Connection

College students really want a connection to the internet that is both dependable and quick. It’s likely that you’ll require constant access to the internet. It will be necessary for conducting research for assignments and writing papers using it. The availability of an internet connection is particularly essential for students who would like to maintain continual communication with their families. When looking for student accommodation in flats in Edapally, you should always check to see if the property has a reliable internet connection and if there is an additional cost associated with accessing the internet.

Rent Cost

Since you are a student in Kochi, you probably do not have a lot of money to spend on housing.  Therefore, you need to make sure that you take into consideration the total cost. Prepare a financial plan, if at all possible, and estimate how much money you will have available. Make sure that the additional money you spend on your student accommodation is worthwhile and that it contains everything you require before making the commitment.

Location

One of the most important considerations should be the location of the property in relation to your school or college. If you notice the best flats in Kochi are built in prime locations, so travel is not an issue. Student accommodation that is inexpensive but further away than you’d like to commute could add a lot of unnecessary stress and financial burden. It is best to find affordable apartments in Kochi as close to your university as possible. In addition to saving time, not having to travel to and from school allows you to focus on your studies. It’s more practical and economical if you have downtime between lectures.

Roommates

If you are going to live with other students within the same building, it is really essential to make an informed decision about who you want to live with. It would be beneficial for you to room with fellow students or close friends who are enrolled in the same classes or schedule as you are. It is essential to share a room with people with whom you have complete confidence because the security of your personal possessions will be compromised otherwise.

Nearby Essential Services

Check the neighborhood around the housing location to see whether it has any amenities, such as cafeterias, study places, or laundry facilities that you can utilize. If you are living in a school dormitory, this is not much of an issue for you; however, if you are living off campus, this could be a problem for you. Consequently, you need to make certain that the location you choose is easily accessible to vital services and companies.

Go Through The Contract

It’s tempting to avoid reading the contract altogether, but doing so can prevent confusion and hassle down the road. As previously indicated, you should find out if a security deposit is required and if there are any additional expenses. Never be afraid to inquire if there is something you would want to have included in your rent that you couldn’t find written anywhere. That way, you may determine if the student housing is suitable for you. Also, you won’t have to worry about spending money you don’t have or getting hit with unexpectedly high bills.

Convenience

Consider the proximity to essential services, such as libraries, grocery stores, hospitals, restaurants, and police stations, while deciding where to live as a student. These luxuries make it so that you don’t have to spend a fortune on eating out or shopping. Having access to neighboring medical facilities will also give you peace of mind.

On Final Note

Hopefully, this page would have given you a better idea of what to look for in a flat in Kochi. Having a comfortable place to live near campus will improve your academic experience in many ways. You’ll enrich your social life as a student and find yourself open to new experiences and friendships. Location, community, amenities, cleanliness, and safety should all be considered in addition to the actual cost of the stay. A home is a start for good living, thoughts, and growth. So, choose the right flats in edappally to match your peace of mind with adequate air supply and a positive neighborhood to live in.

Home investment is a prerequisite for every Indian family. When you plan to settle in India, you need to know where is the best place to invest in a property today and for the future. For this, you need to understand the diverse lifestyles and the real estate market in India. builders in Ernakulam are known to be super-efficient at guiding people who seek a tranquil home in a very congenial environment. If you are planning to invest in a property in India, we have a guide that will help you make better decisions.

To start with, we would recommend flats in Edapally as one of the finest choices you can make. Kochi, in Kerala, is a great city making this a prime choice for anyone who would like to live a peaceful, retiredlife. If you look at the current real estate scenario in India, you will find many places that are listed as ideal for property investment.

These would include Mumbai, Delhi, Surat, Pune, Hyderabad, Bangalore, Kochi, and Chennai. Of course, new locations are being found slowly, as these cities are getting crowded. The beauty of Kochi is that it is home to some of the best builders in Kerala.

The city is structured in a similar manner to Bangalore, but it is not as populated and polluted as the latter. Being a port city, Kochi has also seen the mingling of many cultures over centuries and the very essence of the city is cosmopolitan in nature. Kochi being the commercial capital of Kerala also means that businesses and startups have a strong presence in the city, further aiding its growth. At the same time, the city is also a cultural hub, with its centuries of colonial and post-colonial history having left a mark in the form of architecture, lifestyles, heritage and more.

Let’s take a look at why flats in the Edapally area in Kochi are a good investment.

Hub of Technology

Kochi, or Cochin as it is also known, is one of the fastest growing cities in India for its IT performance. With over 545 companies registered at Kochi Infopark and over 63,000 IT professionals earning a livelihood here, you can be assured that the numbers will keep rising. This city is the land of outsourced IT projects from global companies due to the work and cost efficiency.  When you invest in a city where the job demand is on the rise, the government-provided amenities also tend to improve to meet better standards of living. This is because the city’s living standards need to to be welcoming for the foreigners who come here for projects as well as for the professionals who move here for work purposes.

Premium Living Amenities

The availability of premium living amenities in Kochi is one of the highlights of the city. If you choose to buy flats that are constructed by the best builders in Kochi, they come pre-installed with a set of high-end amenities within each living space. With protected boundaries, full-time security, gardens, gyms, electricity backup and constant water supply.

Friendly People

This is one of the few cities in India, where you will not find a dominant culture in the city. Kochi has people from all over Kerala and various parts of India as well. You can find Jews, , Keralites, Gujaratis, and even many Europeans who choose to call his city home. This openness to intermingling over the years means that the people of the city respect different cultures and are open to living amicably with all kinds of people. . Real estate builders are also happy to go the extra mile to redesign homes that suit the culture and lifestyle of various communities.

Plenty of Recreational Options

This city may look small, but there are plenty of recreational options in Kochi. From dance floors to shopping malls, hotels, theatres, and spas, Kochi is home to plenty of exciting leisure spaces. The social life here is vibrant and engaging. If you live in premium apartments, you will also have the bonus of being part of a dynamic community that hosts exciting social and festive functions. Kochi is also a prime tourist attraction and is also close to other must-visit places like Munnar and Vagamon.

Options for Education

Education is a huge point of concern for most families. Every parent wants the best educational options like schools, colleges, and institutes near them and this is well understood by the top real estate builders in Ernakulam. Today, most premium flats and villas are situated in localities that are within walkable distance of good colleges and higher educational institutions. Besides options for higher education, Kochi also has plenty of options for toddlers and school-goers, besides access to a host of extra-curricular activities that they can build their skills in.

Transport Facilities

There are plenty of public transport options in Kochi like buses, hired cabs, autos, and the fabulous metro stations. What makes these options even more accessible is that you can hire cabs and auto rickshaws through mobile apps; even metro cards used for frequent metro travel can be recharged online. With auto rickshaw stands and bus stops placed near most residential areas and shopping destinations, it is quite easy to find transport when you are out and about in the city.

Affordable Lifestyle

In comparison with other top-tier cities of India like Mumbai and Delhi, which are fairly expensive for the average household, Kochi is moderate, when it comes to living expenses. While you can find property spaces in every budget and location, this is one of the most appealing factors why people find it easy to invest in this lovely city.

Now that you have a basic idea about how to go about investing in real estate, we think the next step should be to get in touch with the best builders that Kochi city offers. They will have the necessary expertise to guide you  about Kochi and also offer various options of affordable flats in Kochi.