Gudi Padwa is a significant festival celebrated mainly in the state of Maharashtra, India, marking the Maharashtrian New Year. It falls on the first day of the Chaitra month according to the Hindu lunar calendar, typically in March or April. This day holds cultural and traditional importance, symbolizing the beginning of the Hindu New Year and the harvest season. It is celebrated with various rituals and festivities, including the hoisting of a Gudi (a decorated pole), feasting, and exchanging greetings and sweets among family and friends. While it is primarily observed in Maharashtra, similar celebrations occur in other parts of India under different names and customs.

Also Read: Griha Pravesh Dates 2024: Best Month-Wise Muhurats

In 2024, Gudi Padwa will be celebrated on April 9th. The Pratipada Tithi for Gudi Padwa in 2024 begins at 11:50 PM on April 8th and ends at 08:30 PM on April 9th. This auspicious festival marks the beginning of the New Year according to the Hindu calendar and is celebrated with various rituals and traditions to usher in prosperity and good fortune

Also Read: Vastu-Friendly Plants and Which Ones to Avoid

People believe that Gudi Padwa is a good time to start new things. If you are thinking of buying a home on Gudi Padwa, here are some things you should know:

Investing in a home during Gudi Padwa 2024 holds several compelling reasons:

Cultural Significance

In many Indian cultures, including Maharashtrian tradition, Gudi Padwa symbolises prosperity and good fortune. Buying a home during such an auspicious occasion is believed to bring blessings and success to new homeowners.

Alignment with Hindu Calendar

Gudi Padwa marks the beginning of the Hindu New Year and is considered a highly favorable time for new beginnings and investments. Aligning a significant life event like buying a home with such an auspicious occasion is culturally significant for many people.

Favorable Astrological Period

Some people consult astrologers to determine auspicious timings for important events like buying a home. Gudi Padwa, being considered a favorable time in the Hindu calendar, may be suggested by astrologers for such significant purchases.

However, it is important to note that while cultural and religious beliefs may play a role in the decision to buy a home during Gudi Padwa, it is equally crucial to consider practical factors such as

Festive Offers and Discounts

Gudi Padwa brings forth attractive deals and discounts from developers, including reduced prices, flexible payment plans, and waivers on stamp duty and registration fees. These incentives can help buyers save money and make investing more affordable

Freebies and Gifts by Developers

Real estate developers often entice potential buyers with a range of incentives and perks aimed at sweetening the deal. These offerings can vary from complimentary kitchen appliances, stylish furniture, and valuable gold coins to even more extravagant gifts like cars. Additionally, developers commonly provide complimentary club memberships as part of the package, which serves as a significant attraction for prospective buyers, adding further value to their investment.

Flexible Payment Plans And Reduced Floor Price Charges

Many developers offer flexible payment options to facilitate property investments for buyers. Options like staggered payment plans, which help buyers to pay in manageable installments, as well as innovative schemes like no pre-EMI plans, where buyers commence EMI payments only upon possession.

Normally, while opting for higher floors in buildings, a homebuyer has to pay an additional floor price depending on the height. Often during festivals like Gudi Padwa, developers reduce the floor price charges to attract homebuyers.

Lower Interest Rates

Financial institutions often offer home loans at lower interest rates during Gudi Padwa, reducing the financial burden on buyers and making property investment more accessible. Also Interest rates have not yet been increased which gives another perfect reason to buy that home.

Diverse Options

Buyers have a range of investment options during Gudi Padwa, including new residential properties launched by developers like apartments, villas, houses, commercial properties such as office spaces and retail shops, and even land in developing areas with growth potential. These options provide avenues for rental income and capital appreciation

Good time for property registration
Gudi Padwa is considered a good time for property registration, as it is believed to bring good luck and prosperity to the new property owner

Also Read: How to Make Your Home Vaastu-Compliant & Remove Negative Energies (2024)