SIS Festive Season – Incredible Time for Residential Investment
SIS Festive Season – Incredible Time for Residential Real Estate Investment
We can see more colourful occasions between September to December starting from Ganesh Chaturthi to Christmas and finally the start of the new year when most of them hope to begin a new investment or plan to buy a new dream home. The period of these special occasions is considered an auspicious time for home buyers to yield vast benefits from real estate owners as they plan to usually announce some interesting offers or percentage reductions of property costs to gain traction to their properties. Buyers can enjoy vast benefits as well as an abundance of choices in choosing a home because this will be the time when you can expect more marvellous projects to launch from the top real estate property developers as they achieve unexpected ROI than usual.
SIS properties always caught the eyes of the buyers with its unique architecture and advancement in planning functional living space. Buying an apartment that holds immense charm and high-quality infrastructure gives you extra add-ons and special offers at festive seasons to benefit our buyers.
This Festive Season is advantageous for both Sellers and buyers of residential real estate properties. As already the demand for residential real estate has grown well because of its lower home loan rates, it is accelerated quarter-on-quarter and in fact, it will reach its peak during festive seasons because of the users planning to buy residential property on these auspicious days. This trend of festive season sales was continuing for decades and contributed to the higher demand and rise in property costs. This creates a good festive season for real estate property developers. However, the global crisis affecting the interest rates of housing loans, still, the Indian economy meeting a constant growth rate of 7%.
How businesses leverage the festive Season:
Businesses always make more out of festive seasons! They tried to compensate for all their losses during a weak sale period usually between Jun-Sep which is called a Shradh period in October – December when sales bunched up. Many realtors try to woo buyers with discounts and some allowances to catch the positive sentiments of the market.
“Buying a home is not just an investment it is an emotion,” – That is why people wish to buy during festivals which brings a lot of good vibes and happiness to buying a home. Especially during the festivals like Dussehra, Diwali, etc. home-buying will be at its peak.
From Local Departmental stores to enterprises, everyone hopes to attract large customers by leveraging this festive season so as the realtors. Sometimes banks render impressive offers and freebies to the loan beneficiaries which empowers home buyers to buy their dream homes by utilizing these offers.
Considering the advantages endowed by other finance institutions and other property developers, it is up to the buyers to choose the right house based on the quality and location of the property, instead of falling to the attractive deals. We South Indian Shelters are known for our integrity in offering unmatchable residential solutions for decades. Hence, buying the residential flats or apartments from us and especially in festive season reap you the unimaginable profit.
Real estate property developers are very optimistic about sales during festive because they believed that sales are possible based on fundamentals not on speculators. Real Estate property sellers sometimes offer alluring schemes like buyers need to pay rent to the sellers until they get complete possession of the home. This is mainly to make the customers buy the property under construction. And some others will offer impressive freebies like wardrobes in all rooms, modular kitchens, etc while festive seasons as many prefer to buy ready-to-move-in homes due to their tight schedule.
Property developers announce this kind of beneficial as well as customer-centric scheme mainly in festive seasons to capture their interests as well as emotions and also this is the time where everyone gets incentives, perks, etc. that further encourage them to confidently invest in the property. The survey predicts that sales in the first half of 2022 are the highest sales in real estate inventory compared to the sales over decades. This shows the improving interest in home-buying among millennials. This pandemic wakes up the millennials and insists that nothing is more stable and secure than owning a home. The past few years witnessed the rise in the interest in buying large apartments with all inbuilt amenities such as dedicated workspace, gym, walking spot, playing area, etc. A recent report says 60% of house registration in Mumbai were above 1 crore which implies the preferences for 500-1000 sq. ft. and it is apparent that demand for luxury homes is proportionally rising because of NRI investment who actively showing involvement in buying residential properties within cities and towns in their native area.
The pandemic also propelled the demand for a series of trends in the real estate sector that includes,
Companies looking for flexible workspaces because of the new hybrid work culture.
The Work from Home option makes the buyers rethink their priorities in buying a home. Now, most people working from home expect the home to be spacious.
This Work Form home also changes the perception of buying location as the distance is not a factor now, many wishes to escape from the congested and unbreathable city area to the suburban region where they can live in a tranquil ambiance.
The Millennials now expect their home to have high-level of Automation and IoT than eco-friendly houses.
Hence, the Real Estate sector has enormous to rejoice in this festive season.
The End user-driven property market experiencing a home-buying testament and the rise in importance of savings and stability learned because of the pandemic giving rise to home-buyers. As all information is available in our pocket all home buyers are self-assured about buying decisions and property prices.
The Indian Real estate sector is hamstrung by the economic crisis due to the pandemic and inventory worth 6.65 lakhs units remains unsold across major countries and causing a heavy impact on the real estate sector. A government then sensed that boosting customer sentiment can give a big shot in festive seasons but at the same time they don’t want to rely on short-term boosters but also planned to implement successive plans and loan schemes to support buyers and push long-term buyers to invest in the residential real estate market.
Realtors are having hope with word of the finance minister who promised to take immediate measures to attract and benefits home buyers which the real estate sector believed to be lucrative in this festive season.
Conclusion:
The festive Seasons are always magnificent for real estate sectors as those times are considered the most auspicious time for investments and opportune for releasing the best schemes and freebies. South Indian Shelters bring you enormous deals and offers in property price during festive seasons which will definitely be your wise investment choice to rejoice forever.
The Indian Real estate sector is hamstrung by the economic crisis due to the pandemic and inventory worth 6.65 lakhs units remains unsold across major countries and causing a heavy impact on the real estate sector. A government then sensed that boosting customer sentiment can give a big shot in festive seasons but at the same time they don’t want to rely on short-term boosters but also planned to implement successive plans and loan schemes to support buyers and push long-term buyers to invest in the residential real estate market.
Realtors are having hope with word of the finance minister who promised to take immediate measures to attract and benefits home buyers which the real estate sector believed to be lucrative in this festive season.
Conclusion:
The festive Seasons are always magnificent for real estate sectors as those times are considered the most auspicious time for investments and opportune for releasing the best schemes and freebies. South Indian Shelters bring you enormous deals and offers on property prices during festive seasons which will definitely be your wise investment choice to rejoice forever.