A home is not just bricks and mortar for Indians. It is something for the generations where emotions grow with time and eventually the home becomes your house and then your identity.
Diwali, the festival of light is considered one of the best festivals to go on a shopping spree. Ten days of celebration bring with it enormous joy as you indulge in buying almost everything new. But, why is Diwali considered as the best time to buy the property?
Here are the top 6 reasons that make Diwali the best time to invest in property.
Auspicious Period – The festival of Diwali along with Dussehra brings the most auspicious period filled with positive energy to make big-ticket purchases. Dhanteras and Laxmi Pujan are considered to be the best days to invest in property and to make big purchases in general. That is why people buy gold, jewelry, and other big purchases during the said period.
Discounts galore – Real estate builders and developers look for this period to roll out heavy discounts and attractive offers to convert maximum potential buyers into sales. So if you are looking to buy a house then this period can fetch you some great deals that are specially crafted deals.
Lower Interest Rates – Keeping up to the huge demand of the festival periods, banks and other financial institutions also come up with plans and tariffs with lower interest rates. It is also one of the best times to opt for a home loan which is far more cheaper and flexible to cut down competitions and lure in more potential buyers.
Funds availability – The festival period of Diwali-Dussehra combined is when almost everybody in India gets a bonus or pay hike. No matter which sector you belong to or which state in India you live in, the festival is celebrated across the country. With this in mind, you can always plan your expenses and capitalize on the extra cash that you receive during this great festive season.
New launches with new schemes – As you must be aware of the fact that all companies across the country bring out new launches and deals to attract more customers. Such is the case with real estate also. Most builders and developers especially wait for this period to announce new launches with extraordinary deals to give your festive season more reasons to celebrate.
Best time to negotiate – As you already know the stiff market of India, builders, and developers are ready to slash prices considerably during this festive season. Also, they give additional benefits and services which are unlikely to get during normal days.
However, having all the advantages on your side during the festival season, you still need to shortlist your interests and do good researches on the market before you go out there and make a deal. Because comparing property prices and deals is a tough nut to crack and the slightest of goof-up can leave you with life-long regret.