Real estate has been witnessing hard times in the recent few years. To put in simple words, the housing sales have been noticing pressure and unsold inventories have piled up at various developers. However, after multiple steps taken up by the Central government like the ease in norms for raising funds, benefits in reasonably priced housing, housing loan interest rate cut, etc. Accordingly, the real estate developers are expecting housing sales to lift up this Diwali.
Real estate developers are laying a bet big on the festive season for sales resurgence. Undeniably, the sector suffered the lowest transactions in a decade during the first half of 2020. This is particularly, because of an unmatched demand droop triggered by the virus outbreak. The developers are all set to roll out Diwali offers on property. In fact, they are offering EMI payment for a year in case of a job loss besides, giving extra area without additional charges, announcing smart payment plans, and so on.
Are you an investor and have been holding back your real estate investment plan for a long time now? Then, this Diwali is the time to make it take place. Wondering why? Let’s explain.
Diwali: The Best Time to Invest in Real Estate
1. An auspicious time to invest
To put in simple words, doesn’t matter which part of India you belong to, Diwali is definitely, one of the most auspicious times of the year. Most importantly, “Diwali” refers to goodness and prosperity. Undeniably, people consider this as a time to make a fresh start. In particular, it is to take up new developments and accomplish significant events.
Unquestionably, buying a house is one of the leading investments an individual makes during their lifetime. There is no better occasion than Diwali for this.
2. New projects are launched
Developers launch big projects on auspicious occasions. Launching new things this time has been an age-old tradition in India. However, with time, lots of these traditions have transformed, but this particular custom continues.
Accordingly, Diwali is the time when a range of new real estate projects is launched. The adding up of a new set of options considerably increases your prospects of making the best property investment.
3. Pleasing weather for visiting multiple locations
The festival of Diwali comes when the monsoon has begun retreating and autumn is setting in. The environment is somewhat nippy but not freezing. Accordingly, this makes a wonderful time to physically go round and inspect multiple properties.
4. Low-interest rates
The banks, HFCs offer low-interest rates on home loans during Diwali. This is to attract prospective home buyers. To put in simple words, banks and other financial institutions offer comparatively low home loan interest rates that aren’t available at other times of the year. Without a doubt, as you avail of home loans at low-interest rates, you actually enjoy real estate investments at its best.
5. Exciting offers on real estate
Various builders and real estate developers offer exclusive discounts and exciting offers on properties. This could be surprising but true. These offers are wide-ranging. To put in simple words, these include anything from huge discounts on club memberships, property bookings, free parking, and so on. In fact, they offer gifts, gold coins, free amenities, etc too.
Wrapping up
The first thing to remember is Diwali is a time for fun and buzz. Most importantly, the real estate gears up this time. To put in simple words, this time there are seemingly incredible offers from almost all developers. In particular, when you look at it sensibly you see the fine print.
Found this blog useful, please “Like” & “Share”.
Follow me on Twitter and Facebook page for more such posts. You’ll be notified each time a new post comes up.
Be the first to comment