Did you know Dussehra is an auspicious occasion to buy a property in India? The day, signifying the victory of good over evil, heralds good fortune as well.
Festive occasions in India hold greater significance not for bringing families together but also helping them take major decisions like property investments. In this blog, we will discuss why buying a property during Dussehra is a remarkable decision. So, let’s dive and explore the reasons.
Top reasons why to buy a property during Dussehra
It’s a good time to invest in real estate
During all festive calendars, Dussehra is one of the most important days real estate property buyers. Home buyers find the occasion perfect for starting anew and investing in their dream homes. If you’re planning to buy 3 BHK flats in Lucknow or anywhere else, it’s the right time to fulfill your dream of owning a house.
Since people’s buying potential improves during festive season, banks and companies also roll out several schemes for them.
New project launches
Real estate builders and developers eye on auspicious occasions like Dussehra. The find it the best time to announce new projects. For example, Jashn Realty keeps on launching new projects to help investors find the best value for their money. If you’ve been waiting for long to buy 2 BHK flats, festivals are the best time to explore new projects within your budget.
New projects often have competitive booking prices that may prove really easy on your pocket.
You can claim tax benefits
Since Dussehra, your next financial year remains just a few months away. It means; after buying a property in Dussehra, you can claim tax benefits on it during the closing of the financial year. If you’re opting for home loan, then according to the Income Tax Act 1961, you can claim a deduction up to Rs 1.5 lakh in a financial year on the principal amount. And for home loan interest paid, you can claim up to Rs 2 lakh per financial year.
So, if you want to claim benefits in long run, you can invest in a property.
You can get exclusive offers and discounts
One of the reasons to buy property on Diwali or Dussehra is the amazing offers that developers offer. Builders and real estate companies perfectly know that Indians shop more during festivities. They know the power of a good deal, that’s why some of them provide discounted prices to convert more buyers.
Likewise, buyers, too can leverage this auspicious occasion and shop around to find the best prices. Find and explore prices that are exclusive for Dussehra, and then go grab it. Make sure to deal directly with the builder. Don’t involve a broker or negotiator as it may shoot up the prices.
Financial perks and aids
One of the many reasons to buy a property during festivals is financial stability. During Dussehra and Diwali many Indians receive bonuses and other financial perks. This aids in deciding a property investment by booking it using the same bonus or financial perk.
Also, the festive time is when companies provide appraisals. So, if you get any of these financial perks, you can plan a property investment for a secured future.
Conclusion
Buying a property during Dussehra is considered auspicious, as the entire environment is filled with positivity. The festive day makes it exciting for homebuyers to find good deals and explore some new project launches. This is also a crucial time to get financial perks at work, which further helps to turn the dream of owning a home into reality.
