Festivals And Home Buying — The Perfect Timings
In India, home buying during festivals is considered highly special and auspicious, so property buyers always wait for the right time to buy their homes. People take precautions like scheduling the deal during a “Shubhmuhurat” because it is believed that there should be no negative signs when buying a home.
The real estate in Hyderabad gets busy as soon as the holiday season begins. Real estate developers start aggressively promoting their projects.
Here are a few reasons why you should consider home buying during festivals:
Builders and developers may offer discounts or promotions during festival seasons to attract more buyers. This can mean a lower overall cost for the home or added incentives like upgrades or appliances.
Builders and developers may release more inventory during festival seasons to take advantage of increased buyer interest. This means you may have a better selection of homes to choose from.
With more inventory available and increased competition among builders, the closing process for new homes may be faster during festival seasons. This can be a significant advantage for buyers looking to move in quickly.
The season’s festive atmosphere can make the home-buying process more enjoyable and exciting. Additionally, you can attend open houses and events related to the festival season, making exploring different neighborhoods and communities easier.
The banks also run several schemes to help buyers get the loans they need to buy the house of their dreams at lower interest rates. One thing to remember is that builders respond to end-users more confidently than investors. You can get the best deal within your budget thanks to rising competition among real estate developers.
During the festival season, the developers keep the payment options open to encourage buyers. A lot of buyers prefer to pay only some at a time. As a result, some developers provide no EMI for a set period, and others offer payment only upon possession. Buyers think the developers are the market kings because of their outstanding proposals.