Planning to buy a house on Durga Navami 2024? Here’s what you should know
Real estate developers are doling out several offers during Navratri 2024.The usual festive gifts during property purchase include gold coins, cars, smartphones, kitchen appliances, international holiday packages and payment plans.
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Festive offers this Navratri 2024 are largely being offered for affordable and mid segment housing projects where sales have remained tepid in Q3 2024. The luxury bracket has been performing well in comparison to the budget and mid segments, so there is less reason to sweeten deals, experts say.
Real estate experts point out that the festival season offers become relevant only if buyers feel that they are getting a good deal. Others point out that like discounts offered by retail outlets at the end of the season, festive offers in the real estate sector are utilised to clear unsold inventory.
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Homebuyers should evaluate festive offers on their intrinsic value. Ask yourself if you really need a gold coin. A family holiday abroad may not make much sense if you would rather stay put and focus on your career for now.
A free parking space, waived stamp duty and registration fees and maintenance-free periods do add to your savings, and therefore to the value of the deal. Air conditioners, modular kitchens and furnishing are also expenses you may incur on the property sooner or later, so getting them free may add to the real value, said experts.
While ready-to-move-in properties are safe bets, picking up a property in one of the under-construction projects can also be a good choice provided it is by a reputed developer or if handover is around six months away.
Buyers thinking of buying property for investment purposes should not expect to make immediate capital gains. Besides residential properties, they can also think of investing in leased commercial real estate assets.