When we decide to own a home, certainly one of the biggest decisions of our life, there are quite a few things we take into account. We make sure we choose the right location, the right project, the right builder, and so on. But there’s one more thing we wait for before we zero-in on our perfect home – the right time. And a festive season is that right time we are talking about. So what makes it worth the wait and so important? Let’s find out.
Auspicious time: Festivals such as Dussehra and Diwali are considered to be auspicious for buying a home. While this is purely based on religious beliefs, it also gives you that positive vibe and the confidence to step into a new phase of life.
Options: Just like home-buyers, builders to believe that festivals are auspicious. Most of the new projects are launched at this time, and you can benefit from the pre-launch rates and offers.
Offers and discounts: During the festive season, developers attract buyers by offering deals and discounts. From modular-kitchens to air conditioners, Apple accessories to international holidays, developers woo the reluctant buyer by offering an array of free white goods, depending upon the ticket size. Construction-linked plans, no EMIs until possession, flash sales and cash discounts are just some of the other incentives available in the market today. The market is flooded with offers and incentives from developers, which you can certainly benefit from.
Negotiations: Festive seasons are the best time to negotiate. With more and more competitions during this time, builders are willing to go an extra mile, and you might be able to close to deal at the price you wish to pay. That’s one major advantage of a buyer’s market.
Lower home loan rates: The Reserve Bank of India has lowered the home loan interest rates. In 2018, banks are providing home loans at an interest rate of 8.35% which is attracting home buyers. Government schemes like CLSS under PMAY for interest subsidy of 6.5% for EWS and LIG categories and the extension of the scheme for MIG category has made home buying easier than ever.
If you wish to own the perfect home this festive season, take a look at 2 BHK flats in Vikhroli, Green Vista – a project by Vaibhavlaxmi Developers. Situated just 15 min from Powai, the development offers scenic views of acres of greens and mangroves and is just 0.1 Km from Eastern Express Highway.
BACK 26, Sept 2018