Diwali is a good time to make real estate investments

There is no denying that property investments often never fail to create healthy profits. The concept that Diwali is a good time to make investments in the real estate sector must be emphasized for those who have done so or who plan to do so.

Diwali, as an auspicious festival with a long tradition rooted in our country’s rich cultural past, brings in a variety of new hopes for wealth, happiness, and overall kindness. Since real estate is associated with prosperity and success, many potential buyers feel Diwali is the ideal time to buy their new place.

Manoj Gaur, President of CREDAI NCR said, “Diwali as well as the entire festive season is an ideal time to buy homes because of various reasons. Firstly these are auspicious months per the Hindu calendar and there is a belief that the asset will bring good fortune. Secondly, developers give a good bouquet of offers, schemes, and gifts on purchase/ booking of homes resulting in buyers opting for bigger homes.  Thirdly the personal disposable income of the potential buyers also increases during this time as employees get bonuses and businesses also boom significantly during this quarter.”

Nayan Raheja from Raheja Developers said, “During the festive season, it’s usual to see a number of sales and promotions being offered to draw in clients. This promotes and facilitates homebuyers in choosing the right price range for their homes. Real estate developers provide a variety of incentives to attract buyers, such as no or low loan rates, free home appliances, rebates, and no EMIs.”

Ashwani Kumar from Pyramid Infratech said, “The festive season also leads to a variety of innovative and remarkable projects. In order to boost their profits, the real estate sector is now heavily targeting the middle class. However, from the perspective of the customer, this is only the moment when they can examine a variety of property possibilities at extremely reasonable costs.”

Ritu Ahlawat, CEO of Investinpro Realtech Pvt Ltd said, “Real estate is increasingly overtaking other investment sectors in the country as a result of the growing need for successful ideas. Diwali is the most significant festival since it is considered an auspicious time for investing in diverse segments that bring economic stability to buyers in the long run. To make this purchase process easier and more attractive, realtors announce several offers that make the buying economical and bring many benefits to the buyers along with a residential or commercial property’s possession. There are several benefits and bonuses included with the investment. Sales of housing units have thus been at their greatest in previous quarters as numerous efficient projects have been delivered and the demand for owning property is ever-increasing.”

Harpal Singh Chawla, Director of Spaze Group said, “Most religions believe that the festive seasons are the best time to invest in property or other things that could benefit them in the future. The result is a significant reaction in the real estate market. Additionally, developers from every industry offer fantastic freebies, enticing discounts on their overall prices, and enticing vouchers for each reservation. Besides residential and commercial, we are also confident that this year SCO market will also get a boost. SCO is a new segment for investing money in the real estate sector. Gurugram is a freehold commercial property wherein developers offer plots and space to put their shops and offices.”

Pushpender Singh, Managing Director of JMS Buildtech said, “Regardless of where you are in India, Diwali is among the most appropriate time of the year. It wouldn’t be wrong to say that “Diwali” symbolizes all that is good about the world. Many see it as an opportunity to make fresh starts, participate in novel activities, and accomplish important tasks. The festival is an ideal time to investigate home purchases because it is one of the biggest expenditures a person will ever make.”

Kushagr Ansal, Director of Ansal Housing said, “On auspicious days, it is common to start major projects or business development initiatives in India. And while a lot of these traditions have changed over time, one specific tradition has persisted.”