In India, the festive season is considered as an auspicious time to start something good or make a major investment. Festivities are linked with prosperity and home is something that is a basic need as well as a pride in itself. More people are interested in buying properties during festive season as several discounts, offers and freebies are also offered by the realtors to boost their sales.
Given below are a few reasons why you must invest in real estate property this festive season:
Offers and Discounts:- Developers and brokers know that this is considered as a right time to invest so they also try to help the buyers realize their dream of owning a home. They try to make the dream homes affordable for the buyers. Discounts, offers and better property deals are the essence of festive season sales. They also offer freebies, shopping vouchers and other stuff to attract buyers. All this may be for the promotion of their product but in the end it makes home buying easier for the people.
New Launches within Your Budget:- Builders are well aware of the fact that not all those who wish to buy have incomes high enough to afford an expensive property. Hence, they also come up with new launches that are well within the budget of middle class buyers. An affordable property with a few extra discounts helps the home-seekers fulfill their dreams. Several New Residential Projects in Faridabad, Gurgaon, Ghaziabad and other parts of NCR have been launched.
Lower Interest Rates offered by Banks:- Sometimes, if not always, the banks reduce the interest on home loans during festive season to support the home buying spree. This year the RBI has lowered the minimum risk weight on home loans which would lead to a reduction in interest rates. The repo rates were also reduced recently. Hence, this festive season, everything works in favor of the homebuyers and is expected to uplift buyer sentiments in the real estate market.
Higher Disposable Income:- Festivities are the times for bonuses and extra income. Moreover, when people have plans to make an investment during festive season they start saving in advance. So when the time arrives, buyers have a higher disposable income, a higher amount to fund the down payment of their property investment.
Cash discounts, gold coins, freebies, shopping vouchers and several other gifts are on offer. On a villa or penthouse, some developers also give out cars or iPhones to a few lucky buyers during festive season sales. So do not miss this chance and book your home!
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