How To Buy a Flat in Kerala Without Money?

Get all the details on how to buy a perfect apartment or flat in Kerala without money. Check out the piece of information discussed here to find the best flats in Kerala before losing your money.

The statement "no money" in the topic title may not be taken literally. Notwithstanding, you can own property, buy a flat or an apartment even if you don't have the whole amount. You can overcome the shortage of finance by some strategic decisions, which would enable you to buy a flat with a little money.
Real estate investment has been a futuristic step that will offer the best ROI. People buying villas, apartments, or flats located in prime spots can expect the value to go up in no time. One must consider only reliable builders for the purchase of homes.

Avoid those real estate developers, who shower a list of promises that might appear too exorbitant to be true. Honest and trustworthy builders would be transparent in all their dealings and clear about the offer they have. Genuine developers establish their identity by remaining committed throughout.

How to Pick the Right Builder for Buying a Flat?

With a plethora of builders in Kerala, you might wonder whom to believe whom not. It would be a perplexing situation for any homebuyer who doesn't have enough knowledge about the real estate field.
You may assess the builders before picking the ideal one. Home is a lifelong investment for many. Therefore, the decision concerning the real estate developer should be taken only after a comprehensive study.

Reputation –Handpick a few builders and check their reputation. You may go through the status of their completed, and ongoing projects, online reviews, and ratings to make a general view of them.

Discuss with Buyers –It would be best if any of your friends, colleagues, or relatives have bought homes from the builders. They can give you a first-hand review of the builder. Of course, you can never expect anyone to be perfect. The discussion with the buyers regarding the pros and cons of XYZ builder would give you enough insight to weigh the options.

Location –The location of the flat is of paramount importance. A prime location home at a well-connected spot will offer convenient life. Moreover, the resale value and ROI of the property would be higher than those at remote locations are.

Schedule –Confirm the schedule of the project. The schedule should be realistic. Discussion with the existing clients would give you affirmation whether the builder is true to its words or not.

Buying a Flat Even If You Have Less Money

You will have to plan the purchase if you want to buy a flat, with a little money. Once you have calculated the funds and prepared yourself to buy and search for flats for sale in kochi, Kerala, you proceed ahead confidently.

Financing from Banks

Interest rates on home loans have been at an all-time low since the previous year. The measures from the Reserve Bank of India, the financial regulator of the country, to boost the market have resulted in banks and financiers reducing the interest rate. In a bid to garner more customers, the banks have introduced attractive home loan schemes as well.
The home loan interest rates are around 6.7% to 7.15%. Any entrepreneur, salaried personnel, or self-employed individual can obtain a home loan without much hassle. You can get up to 80% of the estimated cost as a home loan. Further, the reputed builders would assist you in processing the home loan formalities. And help you get the best home loans from the bank of your choice.

Gold Loans for Home Purchase

Gold loans have been known for the easy processing and quick disbursement of loans. You can pledge the gold ornament and get the additional funds from NBFCs or banks. The good thing is that the gold loan for home purchase also could be reflected for tax exemption or rebate. The stiff competition among the NBFCs and banks has been beneficial for customers. Nowadays, you can get gold loans at the lowest interest rates.


Microfinance options, as the name suggests, are also available for a home purchase. You can buy a flat in Kerala by obtaining the fund through microloans. Even though the interest rate may be a bit high, the appreciation of flat prices from reliable builders would make the purchase profitable.

Finance Options from the Builder

Customers can avail themselves of the finance options provided by the builders. Yes, this might be a new thing for you. But, many real estate developers have started offering finance options to homebuyers. Utilizing the funds from the builders will aid you in owning the best property without spending much. The interest rate on the finance from the builder is also not high.

The Conclusion

A plethora of finance and funding opportunities are available for buying homes. By utilizing the facilities, you can buy a flat in Kerala with very little money. Buying a home is a dream for many, which they keep procrastinating only due to the lack of funds. By choosing the best finance options, you can realize the dream without any impediment.


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