One of India’s most celebrated festivals, Diwali is a time to rejoice and pray for prosperity. Indians are looking for good investment opportunities during this time, including stocks, property investment and gold. If you’ve been dreaming about buying a dream home or looking to invest in real estate in order to generate another source of income, it’s the perfect time to do so. If you’re still not convinced, here’s a list of reasons that might change your mind.
It’s auspicious
Diwali is one of the most auspicious times of the year, no matter which state or region of India you’re in. People see it as a time to turn a new leaf, fresh start-ups, for new technologies and for big events to take place. Since buying a house is one of the largest property investments that individuals make in their lifetime, there is truly no other time that could be as good as Diwali.
Exciting real estate deals
Like said before, since Diwali is when Indians are most likely to make large investments like property investments, numerous builders and real estate development firms offer exclusive discounts and exciting deals on properties, particularly residential properties. These deals are wide-ranging and include everything from huge discounts on bookings, exclusive membership or parking privileges, free gifts to gold coins.
Lower interest rates on home loans
Banks and other financial institutions offer enticing loan rates or flexible payment plans in order to enable clients to invest in real estate. From quicker approvals and waiving processing fees to lower home loan interest rates, Diwali is the ideal time to get a home loan to buy a house, as banks prefer to discontinue festive offers after Diwali. Offers are ample and widespread across all sectors during Diwali, including home loans and finance. When you take home loans at low interest rates, you get the most out of your real estate investments.
Diwali Bonuses
Diwali brings with it the amazing joy of receiving bonuses and pay hikes, which means there is more money in your hand to invest. With the lower home loan interest rates, and Diwali discounts and offers offered by builders and real estate firms, property investment becomes one of the best options out there, since it becomes a lot easier to cover down payments as well.
New projects on the market
Launching major ventures or company growth activities on auspicious days is tradition in our country. We may have changed the way we go about, but starting something new on Diwali still remains a trend. Diwali marks the period when numerous new real estate ventures are being launched. Availability of so many options gives you a better chance of making the best property investment you can.
Since infrastructure development has a significant impact on real estate, the government has been paying special attention to it. Regulatory reforms such as RERA have been established to increase transparency and ensure price corrections, which makes it all the more safer and better to invest in real estate.
Pleasant weather at this time of the year
Not only does Diwali carry great property deals, but it also takes place in a time when weather conditions are pleasant and is thus one of the best times to visit all the sites and projects that catch your eye.
Conclusion
With a range of lucrative schemes on offer by developers as well as banks and other financial institutions that offer credit facilities, Diwali is an unparalleled time to consider big investment such as property investment. Availing these opportunities like major discount offers and lower home loan interest rates is a wise and sound decision, since it will save you more money than any other time in the year. With all the investment options and loan facilities at your service, it is highly advisable to ensure careful consideration and due diligence before making a final decision. In addition to this, one must keep in mind that returns on investment will be realized over the years to come.
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