Posted on 08th November 2018 Author: Planet Homes
Festive season is considered to be an auspicious time for many Indian home buyers. This is primarily because of builders/developers coming out with discounted prices and exciting offers. The festive period is usually marked by developers with new project launches with attractive offers, schemes, freebies, flexible financing options etc.
The offers during this period are unique, competitive and at times customized to suit the home buyers. From a homebuyer’s perspective, festival season is the best periods to scout for their ideal homes, as most of the developers would be vying for their attention through these offers.
Some of the benefits of purchasing a property during the festive season are as below:
New Project Launches
During the festive season, most developers feel that it is an auspicious and opportune time to launch new the projects. These new projects are launched during the festive season than at any other time of the year- from affordable housing to mid-income. As a result, buyers have a lot of option to choose from.
Price Benefit and Different Offers
During this season, developers, marketers and dealers come up with various offers likes’ cash discounts, gold coins, freebies, shopping vouchers and several other gifts. Developers give heavier discounts and offer a host of freebies and payment options to the home buyer which influence the buyer to buy the house. Like every festive season, this time too, the real estate industry has been showering offers and deals free registration and stamp duty, free modular kitchen, free car-parking, no goods and services tax (GST) among others.
Lucrative Payment Options
Another benefit that property sellers offer to customers is of flexible down payments on a property purchase. In simple terms, these lucrative payment options helps buyers to make it easier to buy a property according to their budget. In such cases, the term for EMI may also get extended or some developers also offer the different options regarding EMI down payments.
Lower Interest Rates offered by Banks
Sometimes, if not always, banks also reduce the interest on home loans during the festive season to support the home buyers to buy their dream home. Even the home finance providers see it as a good opportunity to meet their targets and boost sales by offering exclusive home loans options.
Higher Disposable Income
Festivities are the times for bonuses and extra income. Moreover, when people have plans to buy a house during the festive season, they start saving in advance. On arrival of the festive season, buyers have a higher disposable income, a higher amount to fund the down payment of their property investment.
In real estate, the festival gives a positive boost to home buyer to buy a dream home during festival