Festivals in India are not just about celebration but much more! It brings forth new opportunities. It denotes the coming of better beginnings. Many people feel that festivals like Diwali, Navratri, and Dussehra are the best time to make significant life-changing decisions. The festive spirit inspires positivity and hence many take steps toward long-term goals, such as investing in property. The optimism that one can see among people is what enables the market to see a surge in activity. Thus, it is at such times that builders come up with various prospects and offers.
The festive season is quite a unique blend of financial benefits and emotional satisfaction for those who look to invest in property. To lure buyers, the developers bring about very attractive offers, discounts, and flexible payment plans that favourably facilitate their chances of getting hold of a dream property. This season thus coincides with the Indian notion of auspicious beginnings, which serves as a special, cultural sentimental value attached to property buying. Coupled with improved market sentiments, low-interest home loans, and new launches, the festive season becomes an ‘opportune’ time for people to buy real estate.
The reasons have been drawn on financial, cultural, and market-driven grounds that make this festive season apt for property investment. This blog debates why the festive season is considered apt for investment in property. Be it a first-time buyer or an investor looking to expand a portfolio, knowing these factors can help one make the most of this festive period.
Developers offer a range of promotions to attract buyers, including reductions in price, cashback offers, free add-ons, gold coins, and much more. Time-limited schemes such as waived booking amounts, free maintenance for a set period, or interest-free loans till possession further sweeten the deal. Such offers allow buyers to secure properties at more affordable rates or with added benefits, making it a win-win situation.
Most banks and financial institutions announce festive offers for home loans, claiming to offer reduced interest rates, waiver of processing fees, and flexibility in the repayment options. Even a marginal fall in interest rates will translate into sizeable savings over the loan tenure and thus make property investments more affordable during this season. Easier loan terms tempt first-time buyers to take the plunge.
The festive season is considered apt for developers to announce new residential and commercial projects. During this season, there is an array of options within different price brackets, and thus buyers have an opportunity to see the latest offerings in the market. Besides, pre-launch prices of new projects are usually lower than post-launch prices, so early investors can secure units at competitive prices.
In India, festivals are considered the most auspicious time to make major purchases, which even include real estate investments. Most families consider the festival time, especially the occasions of Diwali and Dhanteras, as propitious for buying a house. It is this kind of cultural belief that instills an emotional and spiritual value in property investment, making the decision more rewarding.
The festive season also generally falls in a period when employees receive bonuses and other forms of financial motives from their companies. This increase in disposable incomes among the salaried class therefore gives them greater power to invest in larger down payments or even higher-value properties. Together with deals that developers give, this can help buyers better the value of their investment.
Developers generally announce schemes of no EMI till possession, staggered payments, or reduced payments during the festive season. These schemes make property investments more affordable and attractive, particularly to first-time buyers who may be wary of committing to long-term financial obligations.
From multiple project launches to clearing up the existing inventory, the festive season presents a wide array of choices before the buyers. Be it ready-to-move-in flats, under-construction properties, or luxury apartments, this period gives ample opportunities to find a property that aligns with your preferences and budget.
The festive season truly is the right time to invest in property, combining the promise of prosperity with the opportunity for financial growth.
