The festive season in India has arrived. Starting from the sacred Ganeshotsav and Navratri, ending at Deepawali, this period is considered to be the most auspicious to start new ventures and starting new investments including buying a property.
A majority of home buyers prefer to move into a new house during the festive season. Also, with a number of project launches and offers rolled out by the developers, the period is marked to record a massive increase in the high-ticket purchases. The developers competing to in the number’s game, offer a number of discounts during the season to entice the prospective buyers and this leaves the masses spoilt for choices.
With this festive fragrance all over, here are few of the reasons that we have listed to help you understand why this is the best time to invest in real estate.
New launches by developers: As it’s a well-known fact that the investors and homebuyers are keen for new investments during the festive months, the developers also look forward to this time of the year to launch their projects. As a matter of fact, the number of projects launched during the festive season is more than any other time of the year resulting in a high number of investments’ record. Purchasing a property during the festive season provides you with an impressive portfolio of newly-launched projects to choose from.
Plethora of offers & discounts: Due to the high competition in the real estate market, the developers are more than willing to shell out offers, discounts, and exemptions for the buyers. Well-versed with the traditional market, wherein the buyers persistently wait for the festive season to invest in a property, the developers also plan their sales move accordingly. Hence, the homebuyers can expect a host of offers during this time, including brokerage discounts, cash discounts, benefits on registration and stamp duty payment, and travel vouchers etc.
Offers on home loan: Discounts and offers are not only available on property prices, one can also avail attractive home loan offers during the festive season. From lesser than usual interest rates to a number of freebies; banks and lending institutions also give out more home loans during these months.
Although, getting attracted towards the freebies and discounts during the festivities is completely natural, the homebuyers are always suggested to carefully evaluate the real monetary benefits of the offered prices and discount. Buying a new home and new office or investing in real estate is considered to be auspicious and a little bit of being careful will keep your purchase a happy and advantageous one.
References: Media Reports, Economic Times, Press Releases
Disclaimer: This information has been collected through secondary research and Elite Landbase is not responsible for any errors in the same.