Thepropertist Blog

Buy home this diwali

Why it makes sense to buy a home this festive season

 Buying a home is usually a dream come true for most people and the festive season is a good reason for this real estate investments.

Given that the festive season brings with it plenty of freebies and schemes, the excitement is pretty much understandable. The demand is further expected to escalate due to a moderate relief in the interest rate regime. To make a cost-effective purchase it is definitely advantageous to know what the festive season has to offer!

Here are a few things you should look out for when you are searching for your dream home:
 
Multiple Offers from Developers
The market is flooded with offers and incentives during the festive season, thus indicating a buyer’s market. Property developers in the city woo buyers by providing offers especially like Vaastu compliant homes, spot registration facility, discount if the entire sum is paid immediately and many more. Freebies, cars, bikes,  cash discounts, gold coins etc. are some of the common festive gifts available during the season, some of the developers also provide lucky draws and jackpot prizes. Some of these offers are attractive and amount to a great deal of savings for the home buyers.
 
Downpour of Offers from Banks
The best time to apply for a home loan is during the festive period. The developers of various properties provide various offers for the home buyers, adding to this, the banks encourage home buying by offering other schemes from EMI waivers and home loan cash backs to interest rate cuts and waiver of processing fees, banks try every trick in the book to attract more buyers thereby processing the entire home loan process with less delays.

Festive days call for new investments
From a consumers point of view, this time of the year is considered quite auspicious and buying a home during this times involves peace, prosperity and good health.
Considered to be the right time to invest in a new activity, festivals open doors to new investments. Hence, Diwali is considered to be the best season for home buying.

Don't just get distracted with the festive offers!
The offers that are provided will tempt you to spend more than your means, so don’t forget to consider the three elements – interest rates, tenure and loan amount. These factors will decide the monthly installment that you have to pay. Therefore, it is important not to get sidetracked with the offers and pick the festival loan and a property that best suits your requirement.

Now that you know why it makes sense to buy a home this festive season it is important to research about the builder and the project before hand.. Go for RERA-registered developers with a good track record, opt for the best suitable financial payment plan and buy your dream home.

Properties to look out for: