Festive season is the time when the air is filled with the sweet scent of incense, the melodious jingles of bells create a sonorous environment, the beautiful floral decoration and vibrant rangolis and the warmth of family gatherings fill our lives with hues and positivity. It’s a period when traditions come alive, and hearts brim with joy. But amidst all the merrymaking, there lies a hidden gem – the opportunity to purchase property. Yes, you read that right! Buying property during this auspicious time can be an endeavour as fruitful as a tree laden with ripe fruit. In this spiritual journey, we shall explore the enchanting advantages of buying property during the festive season.
Auspicious Beginnings
Imagine the universe conspiring in your favour as you embark on this journey to acquire property. Festivals are celebrated with fervour and belief in the power of positivity. Indian culture is highly associated with time and its positive effect. Festivals are considered as auspicious occasions in our household. It is believed that investments made during auspicious times are blessed with success. Any new beginning during this phase is considered propitious. Thus, people purchase properties during this time and embark on a new phase of life with utmost positivity.
A Plethora of Options:
Buying a new house is a long process. Customers most of the time consume more time in the house selection process and often visit multiple residential projects to find out the one best suited for their requirements. This is why, during the time of festivals, real estate companies launch new projects, unveil new towers and offer vast inventory to customers to help them choose the right apartment for settling down.
- New Project Launch During the time of festivities
Realtors often launch their projects vibing with the positivity of festivals. The new projects are mostly tailored to smart architecture and new age technology. With the new launch, these real estate projects provide myriad options to home buyers to purchase their dream home and settle.
- Tower Launch
The way home owners root for festival seasons to make new investments, developers too find this season beneficial and ushering for growth. Thus, if not launching a new project, during the time of festival, real estate developers release new towers of their ongoing projects and offer home buyers with diverse options to choose from.
- Inventory Availability
Real Estate developers and Builders keep a serene / scenic view of properties for sale during the festive season. This provision offers property buyers an array of options to choose their dream home.
Home Loan Interest
In the present and past financial year, the REPO rate was revised multiple times causing tension in prospective home buyers. But as far as the present situation is concerned, RBI has not changed the REPO rate and is willing to continue the same rate till next quarter. It is a golden opportunity for the home buyers as unrevised REPO rate means unchanged home loan interest.
Tax Benefits
In India, the major festivals take place during autumn and early winter. Be it Ganesh Chaturthi, Navratri or Diwali – during this period of time, the weather remains ideal for site visit and finalise the best house option. This festive season being in the middle of the year, is ideal for making an investment as well in terms of tax benefits. Any individual investing in property in the middle of the year will receive tax benefits for the current financial year. Home buying during festivals can lead the home seekers to plan their finances seamlessly and practically.
Faster Approvals from Banks & HFIs
Banks and financial institutions tend to process loans more swiftly during festive seasons. They understand the urgency and importance of property during this time. So, your journey towards homeownership can become a smoother ride, with faster loan approvals and disbursals.
Festive Bonus investment
Festivals are the time of bonus and some additional income. This is the time professionals receive handsome bonuses from the organisations they are associated with. Many of them try to leverage that extra income in a mindful way and make an investment. Investing in property is considered as a great option during this period with additional cash flow.
Indian grand festivities are just around the corner. Are you planning to buy your dream home during this period? If so, Honer Homes has some nice residential projects to offer. Honer Homes presently has 3 ongoing projects i.e. Honer Aquantis, Honer Richmont and Honer Signatis respectively. These projects are ranging from 1350 Sft to 10,500 Sft.
Being one of the most trusted builders of Hyderabad, Honer Homes keeps no stone unturned to offer home buyers with the best of opportunities. Our recently launched project Honer Signatis – the Biggest Gated Community in the heart of Hyderabad. Spread over 27.5 Acres, the magnificent 18 towers in the neighbourhood’s skyline offer 3, 3.5 & 4 BHK apartments extending between 1695 and 3815 SFT of Saleable areas. Each unit of G+25 storey towers offers excellent ventilation, light, breeze and views of the lake nearby, and provides you with the flexibility to meet the modern lifestyle demands of the present and the future.
Visit HONER SIGNATIS to know more and book your dream apartment.
The festive season is not just about celebrations; it’s also about making significant life decisions. Buying property during this enchanted time can be a decision laden with advantages – from auspicious beginnings and financial benefits to emotional fulfilment and investment returns. So, as you sip your chai and bask in the festive glow, consider taking that magical leap into the world of real estate. After all, there’s no time like the festive season to make your dreams come true.
As you embrace the charm of festivals, let the charm of real estate investment embrace you in return.
