Why is the festive season the right time to invest in a property?

Real estate developers offer special discounts and flexible payment plans to attract home buyers this season. This article will explore the top reasons why the festive season is the best time to invest in property.

Top 7 Reasons to Invest in a Property During the Festive Season

1. Most Auspicious Time of the Year

The auspicious alignment of planets and stars during the festive season makes it the ideal and best time to buy investment property. These investments signify new beginnings and prosperity.

The period from Ganesh Chaturthi to Diwali is packed with auspicious days and festivals. Astrologers and priests in India recommend purchasing property as per 'muhurat' timings during this period. So, for believers, it is the most spiritually significant period. This makes the festive season the right time to invest in a property in India.

2. Better Negotiation Options

Most homes and apartments are bought and sold in India during the festive season. Real estate developers compete heavily during this time, which is good news for you if you're a property buyer.

You can get good deals, negotiate for lower prices, and even ask for the inclusion of extra things in your festive-time real estate property purchase deal.

They want to sell as many units as possible before the completion of the festivities. So they sometimes provide various offers on the properties ready to move into. This gives you a chance as a buyer to save money and find good last-minute deals.

3. Festive Offers and Discounts

Most real estate developers announce special offers and discounts on their properties during August-November to tap into festive demand. This allows you to benefit from good deals and save significantly, especially on ready-to-move-in projects.

Discounts may range from 4-7% on quoted prices and other incentives like stamp duty and registration charge waivers. You might also get free parking/club membership and gifts for your household. This makes the festive season the right time to invest in a property in India.

4. Increase in Ready-to-Move-in Options

During the festive season, several projects are completed in time for possession before Diwali. Home buyers can find many more ready-to-move-in options, especially in areas like Mumbai, Thane, Bangalore, and Gurgaon (Gurugram).

Ready homes can help you remove the uncertainties associated with under-construction projects regarding delays and possession dates. As a homebuyer, you can instantly move into these properties with your family during an auspicious period.

5. Attractive Festive Home Loan Offers

India's banks and housing finance companies offer special home loan deals and interest rates to attract borrowers to invest in real estate during the festive season. Top financial institutions in India provide festive season home loan deals starting at interest rates lower than usual.

This can help you keep your overall cost of purchasing a property low. Most of these financial institutions also offer processing fee waivers during this season.

6. Increased Liquidity of Personal Finances

Many people in India get their annual bonuses or extra money from their jobs during this time. This additional money can help them afford the down payment on their house or pay for other costs related to their home purchase.

As the end of the year approaches, many people and families in India tend to examine their financial situation. They think about making significant investments for the future to meet their goals of building wealth over time. Buying a house is one of the most preferred options.

7. Flexible Payment Plans

During the festival season, builders in India can sometimes let you pay a small amount upfront, like 10% of the total cost, and pay the rest later in instalments. This makes it easier for you to invest without the financial strain of investing all your savings at once. This makes the festive season the right time to invest in a property in India.

Some builders in India also offer plans where you can start making monthly instalment payments once you move into the finished property. This allows buyers to manage their money better while the home is still being built.

Summing Up

The confluence of spiritual significance, festive discounts, and home loan offers make the festive season the right time to invest in a property in India. Ready-to-move-in options allow instant possession so that you can shift into your new home at an auspicious time.

If you have been planning to buy real estate, the ongoing festive season presents the perfect opportunity to sign the deal. Hopefully, this article will guide you and give you enough reasons to invest in properties during the festive seasons.