Festive Season to Boost Real Estate

The festive season is just here. The Government is taking multiple measures to give a boost to the stagnant real estate sector. The Indian real estate sector has been in a very mess because of the lockdown. It has been experiencing a dormant real estate series owing to several factors. Some of these factors include the taxation laws, people with no employment, restrictions of going out, and many more things. With the onset of the festive season, the sector expects to get some momentum.

Festive Season: The Strategies Behind

• There is a lot of investment during the festive season. This is because the customers can leverage the benefits of the attractive discounts given out by the agents. For all the real estate organisations, this tends to be the most strategic time. This is when they can drive up the buyer’s sentiments. They try and test methods like lowering the price and removing the stamp duty to increase the sales.
• Apart from this, many innovative pricing plans are going on. Many EMI plans are going on where the person does not have to pay a very hefty amount during this time. This is highly flexible and helps to give a boost to the real estate segment. The Indian real estate sector has been in a low phase, but during this festive season, boost real estate will be real.
• There are various auspicious offerings during this time. An investment decision in a country is highly based on auspicious dates. Numerology plays a very important role. The festive season is considered to be a highly auspicious time for property investment. By entering the customers who like to go forward with this thought process, the real estate agents can leverage a lot of deals.
• There are many home loan rates that are given out during this time which are actually lower than the normal rates. The reserve bank of India has made the decision of linking the home loan rates with the repo rates. This will also help the developers to gain a lot of profit. The agents can also increase the sales with the help of this.
• With the onset of the pandemic, people have understood the importance of having a place to yourself. Due to this, people would go for buying houses now and this will pump up the real estate segment like never before.
• The housing has become affordable because the government is now focusing on providing houses to everyone. The developers can tap the potential buyers through these affordable housing schemes that are laid out by the authorities. According to various researches, Millennials in today’s time also want to invest in modern and compact housing facilities. This is a perfect time for all the agents to introduce their projects in the market because the Millennials are also all set to buy the houses.
• With so many benefits of buying a house during the festive season, people who were earlier not looking for a house are now ready to invest in property. If not for living in the property, they are investing so that they can reap the benefits of this season. The strategic planning that people are having in today’s time is very important for the real estate segment.

Summing up

With all these advantages that the festive season offers to real estate buyers, we may expect the sector to boom. Grab the festive offers if you are looking to invest.

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