Why is the festive season the right time to buy property in India?

Why is the festive season the right time to buy property

In India, property buyers look forward to auspicious occasions to buy a property, believing it will bring a lot of prosperity, luck and happiness. Over the years, it has been a tradition for people to buy essentials for their homes during the festive season, like Diwali.

Considering the importance of festivals in people’s lives and keeping in mind the sentiments of the buyers, real estate developers in India prefer to launch their magnificent projects during the festive season.

Not only for property buyers, but festivals are also important for developers. While buyers get attractive offers and discounts to invest in new properties, developers also get a huge number of bookings. The real estate sector registers the highest number of property sales during the festive season.

So, if you’ve been planning to buy a property in Mumbai, whether a 2 or 3 BHK flat in Mumbai, you must not delay buying as it’s the right time of the season to do it!

Here are some good reasons why festive time is perfect for buying your dream home.

Auspicious Season is Here

In India, festivals are given a lot of importance, especially before engaging in an important decision or action. Buying a home is one of the major decisions that you will make in your life. With Diwali, the festival of prosperity and good fortune round the corner, it is the perfect time to get on this journey of buying a home for yourself and your family.

New Project Launches

New projects launch during festive season

Like the property buyers who consider the festive season the right time to invest in new ventures, the builders also find it appropriate to launch new projects during the auspicious occasion. Besides, real estate developers come out with many attractive deals and offers around the festive season, making purchase decisions harder to resist.

As a smart buyer, you need to take all the necessary steps to ensure that the property you are investing in has no irregularities in the documentation, registration, and property information. You should validate all the information and ensure compliance with the mandated guidelines.

Make sure you only invest in a property developed by reputed developers like Ashwin Sheth Grouphaving strong execution and financial capabilities.

Discounts and Freebies

Many builders offer cash discounts on the property, freebies, flexible payment options, and so on to incentivize the home purchasing process. The most common free gifts are health club membership, various vouchers like charge-free amenities for a period of time, travel passes, among others.

The festive season and lucrative offers from real estate builders make it an attractive time for home buyers to invest in residential property.

Limited Period Offers

While the deals and discounts are highly appealing, they are available only for a limited period. Therefore, it makes sense to seize the opportunity as soon as you spot it without waiting for anything else and delaying it.

Better Home Loan Deals

Several banks and housing finance companies offer favourable interest rates on home loans, making the festive season an appropriate time for potential home buyers. The benefits of festival loans differ from bank to bank, so compare the offer and interest rates with other banks Locking in the most advantageous interest rate makes complete sense to close the deal on your dream home.

In today’s times, when the interest rate for a home loan starts from 6.7%, it really doesn’t make sense to wait longer to buy your home.

With better home loan deals and lucrative festive offers from builders, the festive season is the ideal time to buy a home that will remain yours forever. So, what are you waiting for? Check out Ashwin Sheth Group’s new projects in Mumbai to book your dream home this Diwali.

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