Reasons to Buy A Property During The Festive Season In India | Saidham Builders & Developers

Auspicious moment: Buying a property means an increase in wealth. When the buying process coincides with auspicious festivals like Navratri, it becomes the icing on the cake. A nine-day celebration when devotees worship the nine avatars of Goddess Durga, Mahagauri, Kalaratri, Kushmanda, Skanda Mata, Shailputri, Katyani, Bhramacharini, and Chandraghanta. These nine days are the best time to purchase a home and secure a future.  

✔ Festive offers – 

During the festive season, many builders provide attractive deals and discounts. Offers vary from free goodies to attractive payment schemes. In addition, many builders provide discounts per square foot on bookings to boost sales.

✔ Tax savings: 

Buying a property can save tax! Under Section 80 EE, first-time buyers can avail of tax exemption of up to rs 50,000 on home loan interest. Women buyers can get a tax rebate on stamp duty and registration fees. GST exemption up to 5% is applicable for under-construction properties, whereas, for ready-to-move-in flats, GST is exempted. 

✔ Loan rate advantage: 

Home loans can save income tax. Under Sections, 80 C, 24, and 80 EE of the IT Act, income tax deduction can be claimed on principle and the interest amount. 

✔ Faster closings during Navratri: 

Before the end of the season, developers want to close deals to push sales during the festive time. A home buyer can get more chances to get a better deal by bargaining with the realtors.

✔  Better options– 

On festive occasions, reputed builders launch premium projects to target a larger audience. A new launch project mainly comes with attractive price offers that benefit home buyers.  

✔  Building relations: 

Festive seasons like Navratri are considered the safest occasion to buy homes for loved ones. 

✔ Financial viability: 

Working professionals, this time around, get their mid-term appraisals. Many of them get bonuses, thus making it easier to invest in real estate. 

✔ Good weather: 

Navratri is observed during October or November. Mainly winter season in India. Weather conditions are pleasant, which makes the site visits easy and discussions on the prospects of buying properties. 

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