2 min
30 August 2024
Kerala, known as "God's Own Country," is a state rich in natural beauty, cultural heritage, and economic opportunities. If you are considering buying a home here, a budget of Rs. 1 crore opens up a range of possibilities, from luxurious villas in urban areas to serene waterfront properties. In this article, we'll explore what you can expect from a Rs. 1 crore house in Kerala, available financing options like home loans, and how to make this dream a reality.
1. Urban luxury villas: In major cities like Kochi, Thiruvananthapuram, and Kozhikode, Rs. 1 crore can get you a well-appointed luxury villa in a prime location. These homes typically come with modern amenities, gated community security, and proximity to key infrastructure such as schools, hospitals, and shopping centers. Villas in these urban areas often feature 3-4 bedrooms, ample parking space, and sometimes even private gardens or rooftop terraces.
2. Serene waterfront homes: Kerala’s backwaters and coastline offer stunning locations for waterfront properties. A Rs. 1 crore budget could secure a beautiful house by the water in areas like Alappuzha or Varkala. These homes provide a tranquil living experience with scenic views, making them ideal for those looking to retire or enjoy a peaceful lifestyle away from the hustle and bustle of city life.
3. Modern apartments in high-rise buildings: If you prefer apartment living, Rs. 1 crore can afford you a modern apartment in one of Kerala’s high-rise buildings. Cities like Kochi have seen a surge in luxury apartment complexes offering state-of-the-art facilities like swimming pools, gyms, and landscaped gardens. These apartments are perfect for those seeking a low-maintenance lifestyle with access to community amenities.
4. Traditional Kerala homes: For those who appreciate the traditional architecture of Kerala, a Rs. 1 crore budget could allow you to purchase a spacious, traditional-style home with features like wooden pillars, tiled roofs, and large courtyards. These homes, often found in the suburbs or rural areas, offer a blend of cultural heritage with modern comforts.
1. Research the market: Before making a purchase, thoroughly research the property market in Kerala. Compare prices in different areas, understand market trends, and seek professional advice if necessary.
2. Consider future appreciation: Choose a location that is likely to appreciate over time. Proximity to infrastructure developments, good schools, and commercial hubs can significantly impact the future value of your property.
3. Budget for additional costs: Remember that the purchase price is not the only cost involved. Factor in registration fees, stamp duty, property taxes, and maintenance costs when planning your budget.
4. Inspect the property: Conduct a thorough inspection of the property before making a final decision. Check for construction quality, legal clearances, and any potential issues that might affect the property’s value or your ability to obtain financing.
5. Plan your financing: Ensure that your financing plan is solid before making a commitment. Calculate your EMI, consider the impact on your monthly budget, and choose the right loan product to suit your financial situation.
To apply for a home loan from Bajaj Housing Finance, you will need to meet the following criteria:
1. Nationality: You must be an Indian resident to apply.
2. Age:
3. Credit score: A good credit score of 725 or higher is crucial for securing a home loan at favourable terms.
5. Occupation: The loan is open to salaried employees, professionals, and self-employed individuals.
1. Click the "APPLY" button on this page to begin your application.
2. Provide your name, contact number, and employment information.
3. Choose the type of loan you need and generate an OTP for verification.
4. Enter your income details, the loan amount required, and the status of the property.
5. Enter your date of birth, PAN number, and any other requested information.
6. Once submitted, a representative will contact you to guide you through the next steps.
With the right financing in place, you can secure your dream home in this beautiful state. Apply for Bajaj Housing Finance Home Loan today to turn your vision into reality.
Property options for Rs. 1 crore in Kerala
When it comes to buying a house in Kerala with a budget of Rs. 1 crore, you have several exciting options depending on your preferences and lifestyle. Here’s a look at what you can expect:1. Urban luxury villas: In major cities like Kochi, Thiruvananthapuram, and Kozhikode, Rs. 1 crore can get you a well-appointed luxury villa in a prime location. These homes typically come with modern amenities, gated community security, and proximity to key infrastructure such as schools, hospitals, and shopping centers. Villas in these urban areas often feature 3-4 bedrooms, ample parking space, and sometimes even private gardens or rooftop terraces.
2. Serene waterfront homes: Kerala’s backwaters and coastline offer stunning locations for waterfront properties. A Rs. 1 crore budget could secure a beautiful house by the water in areas like Alappuzha or Varkala. These homes provide a tranquil living experience with scenic views, making them ideal for those looking to retire or enjoy a peaceful lifestyle away from the hustle and bustle of city life.
3. Modern apartments in high-rise buildings: If you prefer apartment living, Rs. 1 crore can afford you a modern apartment in one of Kerala’s high-rise buildings. Cities like Kochi have seen a surge in luxury apartment complexes offering state-of-the-art facilities like swimming pools, gyms, and landscaped gardens. These apartments are perfect for those seeking a low-maintenance lifestyle with access to community amenities.
4. Traditional Kerala homes: For those who appreciate the traditional architecture of Kerala, a Rs. 1 crore budget could allow you to purchase a spacious, traditional-style home with features like wooden pillars, tiled roofs, and large courtyards. These homes, often found in the suburbs or rural areas, offer a blend of cultural heritage with modern comforts.
Tips for buying a Rs. 1 crore house in Kerala
Purchasing a Rs. 1 crore house in Kerala is a significant investment, so it’s essential to approach the process with careful planning. Here are some tips to keep in mind:1. Research the market: Before making a purchase, thoroughly research the property market in Kerala. Compare prices in different areas, understand market trends, and seek professional advice if necessary.
2. Consider future appreciation: Choose a location that is likely to appreciate over time. Proximity to infrastructure developments, good schools, and commercial hubs can significantly impact the future value of your property.
3. Budget for additional costs: Remember that the purchase price is not the only cost involved. Factor in registration fees, stamp duty, property taxes, and maintenance costs when planning your budget.
4. Inspect the property: Conduct a thorough inspection of the property before making a final decision. Check for construction quality, legal clearances, and any potential issues that might affect the property’s value or your ability to obtain financing.
5. Plan your financing: Ensure that your financing plan is solid before making a commitment. Calculate your EMI, consider the impact on your monthly budget, and choose the right loan product to suit your financial situation.
Financing your Rs. 1 crore house in Kerala
If you’re ready to make the leap and purchase a Rs. 1 crore house in Kerala, Bajaj Housing Finance offers competitive home loan options to make your dream home a reality. With attractive home loan interest rates, flexible repayment options, and quick approval processes, Bajaj Housing Finance is a reliable partner in your home-buying journey.To apply for a home loan from Bajaj Housing Finance, you will need to meet the following criteria:
1. Nationality: You must be an Indian resident to apply.
2. Age:
- Salaried individuals: Between 23 साल and 67 साल
- Self-employed individuals: Between 23 साल and 70 साल
3. Credit score: A good credit score of 725 or higher is crucial for securing a home loan at favourable terms.
5. Occupation: The loan is open to salaried employees, professionals, and self-employed individuals.
Application process for loan for flat purchase
Applying for a home loan is simple and can be done online in a few easy steps:1. Click the "APPLY" button on this page to begin your application.
2. Provide your name, contact number, and employment information.
3. Choose the type of loan you need and generate an OTP for verification.
4. Enter your income details, the loan amount required, and the status of the property.
5. Enter your date of birth, PAN number, and any other requested information.
6. Once submitted, a representative will contact you to guide you through the next steps.
With the right financing in place, you can secure your dream home in this beautiful state. Apply for Bajaj Housing Finance Home Loan today to turn your vision into reality.
