It is that time of year when preparations are being made across the nation for the festival season, which begins with Ganesh Chaturthi and peaks with Diwali. Aside from the celebrations and shopping binges that take place during such a time, investment also plays an essential role, and properties are seen as a stronger and more consistent investment medium than traditional alternatives, which are usually affected by market instability.

The purchase of real estate during this time period is seen as a form of investment that has the potential for very high returns. This is due to the fact that festivals are typically connected with fresh starts and prosperity. This was a belief that was reinforced during the festival season of 2021, when the real estate sector, which had suffered significant damage due to the start of the Covid-19 outbreak and lockdown, recovered with a comeback between July and September.

There are three primary reasons why the majority of individuals purchase homes during the festive season. It is believed to be a good time to make an investment in something of value. During this time period, new construction projects are initiated, and real estate developers frequently provide offers and discounts in an effort to entice people to purchase their projects.

People who are interested in purchasing a home prior to a rise in housing costs are likely to focus a lot of their attention on residential real estate throughout the festive season this year. Because they anticipate a strong level of demand, real estate developers are embarking on a large number of new projects that include innovative features.

In an effort to sell more homes, several developers are reducing the overall price of the properties they construct and offering unique financing options. The developers are introducing a number of freebies, such as modular kitchens equipped with chimneys, personal closets in each bedroom, and other amenities.

There are some developers who are promoting initiatives whereby they will pay the rent of buyers until such time as they take possession of their properties. This is done in an effort to encourage prospective buyers to purchase homes that are still in the process of being constructed.

Buyers have made it quite obvious that they like ready-to-move-in flats since it allows them to save money on house rent while still paying monthly installments on their home loans. The idea that persuading customers to invest in properties that are still in the process of being developed by offering them enticements like paying their rent is a popular one among developers.

This festival season, the real estate market is set to shine. The next months of 2022 are jam-packed with festivities such as Navratri, Diwali, and Christmas, among others. In recent months, the real estate market has exhibited a solid recovery from the pandemic shocks that caused statewide lockdowns in the preceding two years. This year has seen a significant increase in home buyer confidence, particularly among first-time buyers. This festive season has emerged as a fantastic time to invest in real estate.

So, what are you waiting for? Get your ideal home this festive season, and to make the journey as easy as possible, you can always rely on Dwello!