If your real-estate investments have been put on hold over the past two years, Diwali 2022 is the perfect time to resurrect them.

Festivals in India are a time not just to appreciate and spend time with your family and friends. But, it is also considered a good time to make big purchases, like buying a house or a car.

Diwali, also known as the festival of lights, is one of the popular festivals in India and is celebrated by almost everyone. Let's take a look at why Diwali is one of the best times to buy that dream home.

An Auspicious Time

Our country's rich cultural heritage makes Diwali a festival that embodies plenty of new hopes - of prosperity, happiness, and all-around optimism. Due to its inherent symbolism of wealth and prosperity, many interested customers consider Diwali the best time to make big purchases.

The purchase of a house is one of the most significant investments an individual makes during their lifetime. Therefore, what better opportunity than Diwali!

New Projects And Exciting Offers

Just as homebuyers see Diwali as an auspicious time for new beginnings, real estate developers also feel the same way. Many new projects get introduced and inaugurated during this time. Developers and builders also offer exclusive discounts on residential properties during this time of the year . These offers are varied and can be anything from huge discounts on property bookings, club memberships, free parking and free gifts to gold coins.

During this period, you'll find amazing offers from almost every developer.

Low Interest Rates

Different financial institutions and banks offer home loans at low interest rates during the holiday season in order to attract prospective home buyers. If you are able to secure home loans at low interest rates, you should take advantage of them to make the most of your real estate investments.

For eg: As part of its festive season campaign, the State Bank of India (SBI) is offering a 15 to 30 basis point discount on home loans from Oct to Jan 2023. Currently, SBI home loans have interest rates ranging from 8.55% to 9.05%. It is important to note, however, that interest rates vary depending on the CIBIL score.

Get The Most Out Of Your Diwali Bonus!

A lot of working professionals usually get a good amount of extra money from their employers during the festive season, primarily for Diwali.

An all-savings strategy would be to use that money towards buying a new home. Real estate investment is an attractive asset class for those seeking financial freedom. Use that sizeable chunk towards that goal!

Buying gold, technology, and real estate is believed to bring luck and fortune to the buyer. It is only natural that home buyers are increasingly buying properties from real estate investors at this time.

If you want to know more about the benefits of investing in real estate during Diwali, Dwello can assist you with that.