WHY TO BUY A HOME DURING FESTIVE SEASON

Buying a Home in Festive Season

Festive season is associated with commencing something new or buying something new. The word festive brings a feeling of prosperity and positivity. Various sectors like automobile, fmcg and real estate sector offer lucrative options and hence entice the buyers to take positive decision toward purchases.

People believe that starting or buying anything new during festival or on the day of festival is most favorable and promising. Some people buy new gadgets, while some start new business.

Festivities bear the religious thoughts that procuring a home around that time will bless them with prosperity and peace.  In a country like India, which has diversified religions and cultures, Diwali sees the highest fervor amongst all festivities. This period is considered favorable by various developers in the real estate sector to increase their sales.

Buying a property needs to have a lot of thought and clarity on the financial conditions, location and the type of property. Once all these parameters have been pondered upon carefully, one can proceed further with their decision for home buying. Many people instead of buying a property for dwelling they opt for real estate investment to get high ROI (Returns on Investment) in future. And Diwali is a good time for buying a property or investing in a property. Real estate investment has ruled the investment space since 3-4 decades and still continues to be the best option for gaining good profits.

Below mentioned are a few benefits for buying a property during the festive season:

Offers and Schemes

The most traditional way for luring buyers is offering schemes during festivities.  The discounts and schemes are offered by various developers across residential and commercial sector. Homebuyers can grab these opportunities for their advantage.  These schemes can range from offering discounts in the overall value of the property or a special scheme for a short duration. Since people indulge in gold buying during festivities as it can lead to good luck; gold coin with purchases have become a common option. These schemes can vary according to lcaity type and developer as well.

Opportune Procurement

The word auspicious is synonymous to festivities that has been transpired to us from decades. Since religious sentiments are high on the day of a particular festivity, the belief of purchases leading to good fortune and merriment are very high. This positivy causes an upsurgein the sales during the festive seasons which creates a win- win situation for the buyer as well as developer.

Home Loans

Since the enthusiasm for home buying surges during the festive period, many institutions offers lucrative housing loan options. This in turn pushes the sales of the properties. Normally procuring a new home or investing is one is dependent on finances which in turn is dependent on interest rates levied on loans.

The offers and schemes offered by the developers might seem lucrative however one must be very careful before going ahead with these schemes. It is very necessary to understand the nature of the scheme and validity of the same. You must read the offer documents carefully before proceeding towards any purchases as happiness of today should not culminate to regret of the future.

Home loan schemes can be very lucrative and pushy and can drive us towards hasty decisions pertaining to a home purchase. However one must analyze all financial aspects before proceeding ahead. You need to need understand that apart from the new EMI that will come into picture, current over heads also need to be calculated. Once you are clear on financial chart you can be rest assured for your purchase. In case you have the slightest of the doubt, go slow and rework and analyze all aspects till the time you are satisfied.

Apart from analyzing scheme related documents and financial implications of the home purchase it is also necessary to get a grip on the background of the developer. Reputed developers like Lodha, Runwal, Raunak Group, Kalpataru and many other established brands can be trusted completely. They have been instrumental in shaping real estate landscapes and known for their quality and timely execution of the properties. But for self-satisfaction it is compulsory to go through the documents carefully.

Every individual wants to own a home and owning a home is nothing less than a dream. Festivities can be great time for people looking for homes in the affordable housing segment as the market today is driven by end users.

Mumbai today undoubtedly is one of the costliest places for home purchases for investment. Emerging places like Thane, Navi Mumbai etc. have opened up options in the affordable housing segment. Thane has many peripherals like Ghodbunder Road, Manpada, Majiwada etc. Ghodbunder Road has witnessed a tremendous growth due its steadfast development. The rates have almost doubled in the past years and will continue to rise with upcoming infrastructural development.

GB Road offers great connectivity to Eastern Express Highway and Western Express Highway thereby connecting multiple cities. It offers seamless connectivity to major hubs like Powai, BKC and many more. It boasts of best social infrastructures like schools, medical centers, malls, entertainment hubs and tourist spots.

Ghodbunder Road offers ample of residential properties by the most reputed and eminent developers in Thane that provide amazingly spacious affordable and luxurious flats, in which you can beautifully incorporate your innovative designing and decorating ideas.

Some of the properties at Ghodbunder road that you can opt for are listed below,

TWIN TOWER by JVM spaces offers 1 and 2 BHK voluminous flats for sale in Thane with price rate starting from INR 57 Lakhs for 1 BHK and 74 lakhs for 2 BHK. Twin Tower has best of amenities that helps to meet the standard lifestyle.

Vijay Orion located at Vijay Vilas road, off Ghodbunder Road is developed by Vijay Group and offers 3 BHK and 4 BHK luxury flats in Thane with price rate starting from INR 2.49Cr for 3 BHK and INR 3.67 Cr for 4 BHK. Vijay Orion has good connectivity and provides all basic and modern amenities to its residents

Having a great harmony with nature, Sky Suites by Harmony Lifestyle Group is a residential property that offers 3 BHK spacious and luxury flats for salein Thane with price rate starting from INR 1.50Cr. Sky Suites is facilitated with top class amenities like well-equipped, gymnasium, swimming pool, club house etc. that help in elevating the life standards of residents.

Cosmos jewels by Cosmos group, is a residential project in Thane that consists of 1, 2 and 3 BHK luxury flats in Thane. The price rate of these flats starts from INR 66.24 Lakhs for 1 BHK flats, INR 1.1 Cr for 2 BHK flats and INR 1.56 Cr for 3 BHK flats.  Cosmos Jewels is surrounded by many short distance availabilities.

Kalpataru Hills is a multi storey project by Kalpataru Group which provides affordable 1 BHK, 2 BHK and 3 BHK flats for sale in Thane west. Kalpataru Hills with easy access to accessibilities, also offers a magnificent picturesque view of Yeoor Hill to its inhabitants.

Located at Manpada, Neelkanth Woods is a residential property by T Bhimjyani Realty that offers 2.5 BHK and 3 BHK flats in Thane with price rate starting from INR 1.85Cr for 2.5 BHK and INR 2.07Cr for 3 BHK flats.

Hyde park by Kabra Developers offer luxurious 2 BHK and 3 BHK flats in Thane west with price rate starting from  INR 87.7 Lakhs for 2 BHK flats and INR 1.35Cr for 3 BHK flats.

Coming Diwali is the perfect time of making a property investment or purchasing home to start your new beginning. Buying a house with add on property perks is often considered as a wise decision as “Opportunity does not knock the door twice. Buying a home during festive season can be really worth the deal, But as mentioned above go through all intricate details before getting lured by the exclusive discounts.

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