Why is the Festive Season a Good Time to Buy a House?

The tradition of buying things during festive seasons, such as Diwali, has been around for years. Often, Indian consumers plan on buying important things during festivals because they believe that such purchases made on auspicious days will bring luck, prosperity, and happiness. Generally, these are important purchases like gold, ornaments, properties, and homes.

Property buyers and developers alike benefit from festivals, and it is generally observed that real estate sales are at their highest during the festive season. Property builders curate many offers to boost property sales, and people who buy during the festive season can leverage these offers to get a good deal.

Discover why the festive season is an excellent time to buy one's dream house.

Reasons to Invest in Properties During Festive Seasons

Since festivals play an important part in people's lives and developers consider buyers' sentiments, they prefer launching their prestigious projects during festive seasons.

The festive season is the perfect time to buy one's dream home. Here are some reasons for that.

• Festive Spirit

Festivals bring joy and happiness into people’s lives, and in India, people often perceive these days as auspicious. There is great enthusiasm and positivity in India during festivals such as Diwali, Dussehra, and Navratri. This festive spirit often permeates real estate transactions. And since Indian consumers bestow such importance on festivals, they often reserve these days for making big and important purchases of jewellery, properties, and homes.

• Launch of Many New Projects

The builders also consider the festive season the ideal time to launch new projects. Invest in properties developed by developers with solid execution and financial capability, such as the Piramal Realty.

• Special Offers and Discounts

During the festive season, builders or developers may offer a special promotion, discount, or incentive to entice buyers. They provide lucrative property offers during this season, making it an ideal time for home buyers to invest in residential properties.

Homebuyers can take advantage of various offers during this period, including, cash discounts, property exchange offers, stamp duty and registration benefits, travel vouchers, free parking spots, convenient payment plans, real-estate monsoon offers, free home appliances or gold and silver coins.

• Limited Period Offers

These festive offers are generally for a limited time and therefore, taking advantage of every opportunity is wise, without waiting or delaying anything else.

• Better Home Loan Deals

Homebuyers can use profitable interest rates on home loans offered by several banks and housing finance companies during the festive season. Various banks provide festival loans with different benefits, which one can compare their offers and interest rates. It makes perfect sense to lock in one’s dream home's most advantageous interest rate.

Today's interest rate on a home loan starts at 6.5%, so waiting longer to buy a home makes no sense.

• Availability of Funds

Many people receive bonuses, incentives, and payouts during the festive season, which can be used as down payments or to cover other expenses related to buying a home.

Also, during the festive season, developers, banks, and finance institutions announce attractive offers for all homebuyers. Combined with financial offers and discounts from realtors, people get great deals on homes, and this is a strong reason why many people choose the festive season to buy properties.

• Ready-to-Move-In Properties

The festive season may be a good time for developers to complete and furnish properties. A ready-to-move-in home is particularly appealing to buyers looking for a place to celebrate festivals during their first home buying experience.

• Tax Benefits

It is also possible for homebuyers to deduct interest and principal repayments on their mortgages. Buyers can maximise these tax benefits if they buy a house before the end of the year.

Invest in Piramal’s Luxurious Home This Festive Season

The festive season is the most suitable time to invest in a home. During this time, homebuyers get great deals and lucrative property offers from builders. So, for those who harbour a desire for luxury living, it is time they take a look at Piramal Mahalaxmi, Piramal Realty's luxurious projects in Mumbai, this festive season to learn about their offers.

Here, one can experience luxury and lifestyle like never before. Aside from being surrounded by beautiful, culturally rich locations, one will enjoy spacious, ultra-luxury homes with great views of Mahalaxmi Racecourse & the Arabian Sea at Piramal Mahalaxmi.

Here, take an e-tour of the property.

Disclaimer- This article is based on the information publicly available for general use as well as reference links mentioned herein. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim /disown any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided herein.