Property is purchased all across the globe for two main reasons, firstly for housing needs by end-users and secondly, investors who invest in property for financial gains in terms of rent, appreciation or asset management. The property investment market is one of the largest markets in India also happens to be one of the trickiest investment markets because of its ever-fluctuating nature.
Property investments need proper planning and execution in order to yield maximum results. You should also be aware of the current property trends along with the latest rules and regulations so that you make the most of your investment. Irrespective of your reason, you should know the in and out of the market before you decide to invest in property.
The fluctuation in the price of properties is one major area that you need to assess carefully. As per the industry's norms, monsoon is arguably the best season to invest in properties. Listed below are the reasons why monsoon is the best time of the year to invest in property:
Thorough quality check – Monsoon is considered as the best time to assess the quality of the property as it is during this time that even the minute of details related to leakage and seeping are visible. Adding to this, the water logging in the surrounding locality and also the accessibility of that area during monsoons can also be verified. So, in a country like ours, where real estate always puts up a rosy picture as compared to the original product, monsoon provides the best window to do these quality checks in order to maximize your investment.
Best time to negotiate – Property investment is at the lowest during monsoons for one major reason that is nobody wants to take the pain of hopping from place to place in waterlogged conditions to filter out the best option. Due to this reason, the real estate market offers the cheapest price and huge additional perks during this season to boost up sales. This provides you with a wonderful opportunity to negotiate the best deal.
Raining discounts – Monsoon is considered as the lean period in real estate and developers are willing to do almost anything to recover their administration expenses during this period. That is why; monsoons come with huge discounts in the realty sector along with special payment plans to lure in the silent investors. So, rub off your second thoughts if you have any and make the best use of the monsoon season to invest in property.
Special rates and loans – This is one such advantage that many people aren’t aware of. Not only builders and developers but also banks and other financial institutions come up with special interest rates and easy home loans. They are more willing to negotiate on their rates and repayment plans as compared to other seasons. This adds a cherry to the cake if you are planning for property investments.
Also, the monsoon is a period in which builders and developers are more focused on the construction part compared to selling because right after the monsoon is the peak season for moving to new homes in India. So, there are always new offers and discounts available during this season giving you a time window to do proper research and invest in property to garnering maximum output.