Buying Homes in the Festive Season
The festival season of October through Mid-January is a good period for real estate developers as a lot of people are looking buy a new home around this time of the year. Given that the festive season brings with it plenty of freebies and schemes, the excitement is understandable. This current festive season the demand is further expected to escalate due to the rebounding economy and moderate relief in the interest rate regime.
From a consumer point of view, this time of the year is considered quite auspicious and buying a home during this times involves peace, prosperity and good health. The season typically starts off around Ganesh Chaturthi and is followed by the Navratris, Dusheera and reaches its peak by the time Diwali comes around mid-November. After a brief lull, the demand picks up around Christmas and New Year before concluding mid-January with Sankranti/Pongal.
Freebies, cash discounts, gold coins etc., are some of the common festive gifts available during the season, some of the developers also provide lucky draws and jackpot prizes.
“If you are planning to buy a house any time soon, this may be the right time to start looking for one. Real estate companies have started rolling out offers, ranging from free international flights to gold coins to even cars, even before the festive season has begun,” reports leading Indian business daily Live Mint.
However, the freebies alone are not the reason for the home buyers to pick this time of the year. There are several auspicious dates during this season wherein buying a home is considered a good omen.
Speaking to NDTV Manoj Gaur, Managing Director of Gaursons India said, “the last six months have been very lean for the sector and developers are banking on the festival season. With the approaching festive season, enquiries have picked up 15% against last year. We are hopeful that our beneficial schemes will bring us new customers.”
The festive period is also a good time for home refurnishing and renovations. With several Poojas and auspicious events lined up several home owners look to this time of the year to re-do their homes. From new furnishings to a new coat of paint, appliances and various others. There are a great many options to choose from and the Indian home owner is right now spoilt for choices.
About Pashmina Developers
Pashmina Developers is one India most trusted property developers with a portfolio of projects currently under development in Pune, Mumbai and Bangaore. Pashmina Developers was founded in the year 2007 and has been a trendsetter in the Indian real estate space with some of the most iconic and prestigious properties developed during this time.
Bangalore is the current focus for the developer with two iconic properties – Pashmina Waterfront & Pashmina Brookwoods – both located on the Old Madras Road. Pashmina is one of the garden city’s much revered property developers with each of its properties is designed by renowned designer – Hafeez Contractor.