Why the Festive Season is the Best Time to Invest in Real Estate!

Introduction

Since festivals frequently represent fresh starts and success, purchasing or investing in real estate at this season is regarded as a sure-fire investment. The period starting from Ganesh Chaturthi to Diwali and extending up to the Christmas season is a lucky time to engage in new ventures, especially real estate, and is regarded as the right time to invest in property. Developers aggressively market their projects, knowing that homebuyers are more inclined to invest during the two months of festivities, leading to higher deal closes.

The holiday season has been crucial to the sector's revival over the past two years after the epidemic brought it to a standstill. This year, developers are hedging their bets by making several enticing offers. Even if buying real estate property during the holidays may give you too many options, it provides more options to explore and could prove to be a good time to invest. For all those planning to buy a house, a few reasons why the festive season is the best time to invest in property are highlighted below. Read on to learn more.

Festive Season: Best Time to Invest in Real Estate!

Investment in real estate is a major ask for even the most seasoned investors. Property markets witness regular fluctuations around the year based on various local and international factors. It is, therefore, important to know the best time to invest in property. In India, the festive season is believed to be the best time for those people who are planning to buy a house. There are various reasons given by experts behind this trend. Here are some of the most prominent reasons that make the festive season the best time to invest in real estate in India.

An Abundance of Opportunities

Developers offer deals, discounts, and tax breaks during the holiday season to entice customers. Developers design their sales strategy by the usual market phenomenon when customers patiently wait for the holiday season to invest in real estate. If you are a prospective homebuyer, then exploring real estate investments at this time can be a good idea. Developers provide various offers like cash discounts, gift vouchers, free maintenance for some years, payment of interest portion of home loan till possession, discounts in the purchase of additional parking spots, waiver of preferential location charges, or some free home appliances.

As ready-to-move properties enable buyers to save on their monthly rentals, some developers also offer to pay rent to buyers until possession is formally given to attract investment in their under-construction projects. Moreover, when you apply for a home loan at this time, banks offer faster processing and waiver of the processing fee, making the decision even better for you.

Easy Availability of Loans

In addition to the attractive prices for properties offered by developers, lenders also publicise enticing limited-time home loan programmes, such as slightly lower interest rates, exemptions from the Goods and Services Tax (GST), and waivers of the processing fees for home loans, to mention a few. The developers can give out gifts to clients at this time because of the high volume of purchases. It is the ideal opportunity for a buyer to receive the most value for their money at this moment. Freebies and incentives should, however, not be the primary driving force behind a home purchase. Before taking advantage of these incentives when you are planning to buy a house, you should assess the developer's credentials, past success, and level of delivery to secure the best value for your investment.

Easy Negotiations

Due to the increased sales volume that typically accompanies transactions during the holiday season, vendors are more amenable to haggling. Additionally, the holiday season's set deadline may incentivise developers to complete transactions quickly. As a prospective home buyer, you can maximise the benefits offered by this frame of mind and make the appropriate investments. Like builders, banks are eager to sanction loans during the festive season to meet their targets. So, you can get your loan approved and sanctioned quickly during this season without much back and forth with the bank.

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Newer Projects

The developers anticipate this time of year to start new projects and sell off the existing inventory since they are aware that homebuyers are eager to make new investments and purchases over the holiday season. As a result, a huge number of project launches in all price ranges occur during the holiday season. In fact, throughout the holiday season, homebuyers have a diverse selection of recently launched projects to pick from, which gives the buyers the benefit of choosing the right fit. Hence, you must start planning to buy a house during this time as there will be more options to choose from. Though, you must verify the credentials of the developer before deciding.

Better Value for Money

The majority of paid professionals also receive greater cash flow and higher disposable income over the holiday season as a result of bonuses and benefits provided by employers. This is true even though developers, banks, and lending institutions make enticing deals. This enables homeowners who are employed to select better and preferably larger house options. According to Knight Frank's H1 2022 research, demand for larger spaces between 500 and 1,000 square feet has increased because the hybrid work paradigm is here to stay as a result of the pandemic. Hence, when you go around looking for properties during the festive season, you are likely to land a better deal at a better price. Hence, make the most of this best time to invest in real estate.

Conclusion

Before making any property investments, you must thoroughly comprehend and research the area and the current real estate market to make the right investment. It is easy to get confused when there are so many real estate investment alternatives. The festive season has, time and again, proven to be the right time to invest or buy properties. You should explore Adani Realty, your one-stop shop for all your real estate requirements. They provide you with some of the top investment properties and have knowledgeable professionals on hand to address any questions you may have.