Navratri is an auspicious occasion worshiping nine incarnations of goddess Durga for nine days. So, for these nine days, we give you nine-bang on-reasons to invest in real estate!
Festivals are always a shubh mahurat for major decision making, especially financial ones. People find it sacred and auspicious to make an expensive purchase during Navratri with the belief that it would appreciate in value.
Many builders offer big discounts during this time. Given the high levels of inventory in the market right now, builders are looking for such festive seasons by giving attractive offers.
Investing in real estate is a onetime wise call and a lifetime of good returns. It is an active future planning for yourself and your family. On the other hand, it is important for the developers to build a relation which would last long rather than project-based communication.
Real estate is a safe field to invest in and secure your money. Thanks to RERA as it protects homebuyers and investors rights, it proves to be your guardian for real estate investment.
Loan Rate Advantage
Banks and financial institutions offer a reduction in home loan rates during Navratri. Some of them waive of processing and administrative charges as well. The loan schemes are convenient, the ticket size is higher with low EMIs and the tenure is also longer.
Deduction under Section 80C of the Income-tax Act is available for investment in house property. There is a dual benefit in case of investment in house property by availing a loan.
Due to the multiple options and offers provided by the developers, which in turn increases the demand during festivals, buyers have the upper hand. They get the platform to compare not just the projects, but also schemes and prices and negotiate according to their budget.
Developers would want to close deals and record their sales before the end of the quarter. Hence, the chances of bargaining and getting a better deal is high.
With all the benefits, either buying a new home and gift a new space to your family or investing for a passive income and future planning, this will add happiness in your life and give you another reason to celebrate it with your loved ones!
Source: Times Property, The Times of India, Chandigarh