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Alisha | 06 Feb 2023

5 Reasons To Buy A Home This Festive Season

5 Reasons To Buy A Home This Festive Season

It is that time of the year again when the arrival of Autumn season marks a series of festivals and we look forward to shopping therapy. When festivals seem to knock at your door, every brand comes along with exciting offers in its products or services. We indulge heavily in furnishing our homes with new household items while many of us even look forward to buying an entirely new home.

However, this year has been such a disappointment considering how Covid-19 has brought our lives to an uncertain point. In such a challenging situation, home buying may not seem to be a lucrative decision but WAIT! A rare outbreak like the Covid-19 pandemic has also brought some rare opportunities. We have unlocked 5 reasons why you should buy a home this festive season:

1. Festive Season: A favourable Time To Buy A Home Has Arrived

Be it moving from a rented place to your own home finally or shifting from a small home to a bigger one, the achievement is no less than a milestone in one's life. Hence, what's better than marking this milestone of buying your dream home during the auspicious time! The festive season is believed to bring good fortune with the blessings of God and fill your home with happiness, and joy.

Also Read: property price in India 

2. With A Huge Number of Inventories Unsold, Homebuyers Are Now Spoilt For Choice

The crisis of around six months during this year caused by the pandemic has left a huge number of inventories unsold across the country. Therefore, you have ample choice of properties already at a discounted price. Compare the prices, features, facilities, and choose the most suitable one among the same segment of houses. ​

3. Exciting Festive Offers Are Even More This Time

What makes buying a home extra special during festivals is the auspicious timing, of course as well as the exclusive exciting offers and schemes. The hard-hit business of selling real estate properties is now hoping for a revival on the ongoing festive season. Therefore, real estate developers are making the most of this opportunity by offering deals more than before that include no EMI until possession, free registration, free car parking, free maintenance, and free household items to name a few.

4. Real Estate Developers In Tier-II Smart Cities Have So Much To Offer

Don't just focus on buying a property in affluent cities. You should take a look at smaller places whose infrastructure is way more improved than what it used to be a decade ago. Besides the metro regions, developers in Tier-II smart cities are fully prepared to sell their affordable luxury properties with exclusive festive offers. ​

For instance, Paarth Infrabuild is giving special festive offers in its Lucknow-based residential project, Paarth Aadyant. Homebuyers are offered a gold coin on every booking, free household appliances in each apartment, and no GST* along with other benefits.

5. Earlier This Month, RBI Announced To Make Home Loans Cheaper

The Reserve Bank of India brought much-needed positivity to the real estate sector when it announced to rationalise the risk weights by linking them only with Loan-To-Value (LTV) ratios for all new housing loans sanctioned up to March 31, 2022, earlier this month. This initiative of RBI to make home loans cheaper along with the festive season offers makes home buying a golden investment opportunity for the homebuyers.

Also Read: Home Loan Insurance- A Simple Way to Protect Your Home Loan


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