Why Is The Festive Season A Good Time To Invest In Real Estate?

Festive Season Invest In Real Estate : With repo rate-induced increases in home loan rates and rising construction costs this year, many buyers have put off purchasing a home. However, with a slew of new project launches and attractive offers from developers, the holiday season may be the ideal time to buy a home. navimumbaihouses.com highlights some of the popular trends that homebuyers can take advantage of this holiday season.

The time between Ganesh Chaturthi and Diwali is considered auspicious for making new investments, including real estate. Developers aggressively promote their projects, knowing that homebuyers are more likely to invest during the two months of festivities, resulting in higher deal closures. The festive season has been instrumental in the sector’s recovery in the last two years after the pandemic brought it to a halt, and developers are betting big this year by offering many lucrative propositions. Although real estate investment during the holiday season may leave you with a plethora of options. It broadens the scope for negotiation.

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Reasons to Invest in Real Estate During the Holidays

A plethora of options

During the holiday season, developers make special offers, discounts, and tax breaks to entice buyers. Developers plan their sales moves accordingly, acutely aware of the traditional market phenomenon in which buyers patiently await the festive season to invest in a property. If you are a homebuyer, you can expect a slew of offers during this time, including brokerage discounts, cash discounts, registration and stamp duty benefits, travel vouchers, free parking spots. Flexible payment plans, and exemption from Preferential Location Charges (PLC). Gold and silver coins or free home appliances In addition, some developers offer to pay buyers’ rent until possession is obtained in order to encourage investment in their under-construction projects, as ready-to-move properties save buyers money on monthly rentals.


Launch of a new project

Recognizing that homebuyers are eager to make new investments and purchases during the holiday season. Developers look forward to this time of year to launch projects and clear out existing inventory. As a result, the holiday season is marked by a massive number of project launches across various budget segments. During the holiday season, homebuyers have an impressive portfolio of newly launched projects to choose from.


Offers on home loans

Aside from discounted property prices offered by developers. Banks also announce attractive limited-time home loan schemes such as marginally lower interest rates. GST concessions, and waivers on home loan processing fees, to name a few.

“Festive season is the best time to invest in new properties,” Because of the high volume of sales. Developers are able to provide freebies to customers during this period. It is the best time for a buyer to get the most for their money. However, freebies and incentives should not be the primary motivators for purchasing a home. Before considering these incentives, homebuyers should consider the developer’s credentials, historical performance, and quality of delivery.”


Festive Season Invest In Real Estate : Ability to spend more

While developers, banks, and lending institutions announce lucrative offers, most salaried professionals experience increased cash flow and higher disposable income during the holiday season as a result of employer bonuses and perks. This enables salaried homebuyers to opt for better, more spacious housing units. As a result of the pandemic, demand for larger spaces ranging from 500 to 1,000 square feet has increased. As evidenced by Knight Frank’s H1 2022 report.


Festive Season Invest In Real Estate : Negotiation scope

Because transactions during the holiday season are typically accompanied by high sales volume, sellers are more willing to negotiate. Furthermore, the short time frame of the holiday season may encourage developers to close deals quickly. Buyers can take advantage of this and invest accordingly.

Though it is natural to be swayed by freebies and offers during the holidays. Prospective homebuyers should investigate the true monetary benefits of such schemes and ensure that the property is free of all encumbrances before investing.


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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. Navimumbaihouses.com does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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