Why buyers prefer to purchase their dream homes during the festive season
It is that time of the year when the country is gearing up for the festive season beginning from Ganesh Chaturthi leading into Navratri, Diwali, Christmas and New Year. Apart from the festivity and shopping splurges that are high during this time, investments also play a key role, especially in terms of real estate that has been gaining ground as properties are seen as a stronger and consistent investment medium than traditional alternatives. As we herald the festive season, we anticipate that residential real estate sector will grow by around 20% growth.
Here are a few factors that make the season attractive to buy properties.
Festivals hold significant cultural and religious importance in India, and certain periods during festivals are considered auspicious for new beginnings, including buying property. Many people believe that purchasing a property during an auspicious time brings good luck and prosperity to the new home, adding sentimental value to the investment. The trend of the festive season becoming the annual high point for residential real estate originates from traditional sentiment that it is the right time to invest in wealth-creating assets.
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Recognizing that homebuyers are keen on new investments and purchases during the festive months, developers look forward to this time of the year to launch projects and sell out their existing inventory. Apart from this, ready-to-move-in home options are available and consumers have a wide choice of properties to buy from. Thus, a massive number of projects are available during the festive time across various budget segments.
Many developers come up with various offers and
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