Festive Season- The Right Time to Invest in Property
The Indian festive season is considered to be the most awaited as well as the auspicious season for property and homebuyers to make some big investments.
The period is usually marked by a number of offers, new project launchesand a lot of other deals that attract more and more customers.
Here are some reasons as to why the festive season is the right time for real estate investments.
1. New Project Launches
It is during the festive season that a lot of developers launch new projects. They consider this an auspicious time for any launch. On the other hand, a lot of property buyers choose this time of the year to make any big investments. So the festive season rightly works for both the real estate developers as well as the home buyers.
2. Festive Offers
To attract customers, turn them into prospective buyers, and meet their sales targets, a lot of developers come up with various schemes and offers during this season. The schemes can be ranging from finance schemes to giving something for free. Offer! Free! Sale! Discounts! are words that make people happy, and all this on the festive season is surely the cherry on the cake.
3. Low Interest Rates
The festive season is usually the time when banks take the initiative to reduce the interest rates on property loans. For example, RBI this yearhas reduced interest rates to a four year low irrespective of the loan amount which has worked for the betterment of the customers. This move by RBI is expected to lower home loan EMIs by 8-10 percent.
4. Increase in Disposable Income
This is the time when companies generally announce appraisals or bonuses for their employees. This can serve as a down payment optionfor buyers with a sense of financial security. These slight increases in incomes can come as a big relief for home buyers as they can invest their money in their dream home.
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