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Real estate is not just any investment. It’s an emotion that brings along with it, a lot of good vibes. Festivals are the best time to imbibe good values and major investments made during this span of time carries a great deal of value.This festive season many can spread the cheer by investing in a real estate property that suits our budget.
Why do we invest in a property during festive seasons is what all of us might question.
Property can be invested in at any given point of time if the means and resources are available then why an inclination towards getting property during festivities.
Research and surveys highlight the fact that the festive season foretells good fortune in the real estate segment. According to the recent report released by Religare Securities says that the festive discounts and promotional offers by builders would surely spur up the volumes that might also land in an upside of about 10% in property prices India. October and November is especially hoping for an augmented demand during peak festive season.
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Religare Security report added –
“August has seen a number of new real estate projects and the launch momentum is expected to continue in the peak festive months of October and November.”
This time is also good time to invest in property because a strong majority of culturally inclined people believe that property is something which can be invested during an auspicious time like a festival. Developers give away attractive offers is one more common reason. Companies give bonuses that help in securing that finance needed to make a down payment. Property prices seem to drop during this phase is also a common belief. Real Estate projects tend to launched during this phase and there is more options. Good vibes bring good options in the real estate industry.
Which freebies attract people during festival season in terms of real estate buying is a major thought we have decided to take a look at. Cash discounts, free goods like furnishing and electronic goods, fully furnished homes, Rebates on EMI and parking facilities along with club house memberships are some things that attract during getting new property in an instant.
Property is going to be a big thing this festival season.Trends and research combined with practical solutions make real estate a good thing to invest during this time.
It’s however important to note that the post festive season the scenario is not likely to drastically change.. Where we saw an upscale of about 15 % in the festive season this quarter.. this is not expected to come down steeply. With the economic revival globally there is some positive indications that some sectors – real estate being one of them – would also see a turnaround from the past couple of years. The prices are not expected to skyrocket but experts believe that we have left the bottom for now & the only way to go is Upwards!
