Why Gudi Padwa is an Auspicious Time to Buy Home

Author: Team Piramal Realty

Gudi Padwa celebrates the first day of the traditional new year for the Maharashtrian community & is considered to an auspicious day. It is celebrated with immense joy and pomp in Maharashtra and signifies hope, new beginnings, and prosperity. The auspicious occasion of Gudi Padwa is regarded as the best time to start new projects or ventures. The mythological belief is that Gudi Padwa signifies the birth of ‘Bhoomi’, which offers shelter to everyone. It is believed that making a high-value purchase like a home on this auspicious day brings in good luck and prosperity for its occupants. 

Apart from being an auspicious day, other reasons to buy or book your dream home are the various schemes and benefits offered by developers. If you are planning to buy your home this year, then this Gudi Padwa is definitely the best time to do so. Let’s understand why.

  • Sentiments and Emotions: 

The pandemic has taught us the importance of having our own home. The sense of security that owning a home brings is unmatched. The overall sentiment to buy a property has also gone up since the last year and what better day to buy it than the auspicious occasion of Gudi Padwa.

Today, home buyers and investors don’t just consider the property’s total cost, value and returns, but also give importance to the occasion, and how auspicious it is. And this year, Gudi Padwa has come during a favorable time for real estate, promoting housing in an unprecedented way.

  • Attractive offers: Developers offer exciting benefits and schemes during this period, making residential projects attractive for purchase.
  • Government Reforms: This year has witnessed a positive outlook with government policies favoring the sector in a big way. The RBI has reduced the repo rate, leading to a reduced interest rate on home loans. Many banks have also offered schemes like waiver on instalments and processing fees along with easy EMI facilities. Also, the Maharashtra government recently announced a 1% cut on stamp duty charges if the registration of sale deed is in the name of a woman.

Today, developers are taking a cue from the market sentiment and are rolling out the best possible strategies to attract homebuyers. Additionally, homebuyers are looking at projects with good connectivity to other parts of the city, social infrastructure, and scope for future appreciation. For instance, Thane is recognized as a prime residential location in the Mumbai metropolitan region (MMR). This micro-market is well-connected to other parts of the city, such as Bandra Kurla Complex (BKC), Navi Mumbai, and  South Mumbai. Infrastructure projects like the Thane Metro, Thane-Borivali Tunnel, Thane-Mumbai RoPax water taxi service and Katai – Airoli freeway will bring thane even closer to other major commercial and residential areas of Mumbai. Besides, the projects in Thane are suitably priced and are complemented with world-class amenities & facilities.

One such project is Piramal Vaikunth, a 32 acres mega township by Piramal Realty offering views of Thane creek and yeoor hills. Situated in the heart of Thane & offering homebuyers an access to all these infrastructural developments, Piramal Vaikunth is a dream home to invest in. The project has recently introduced its 2.5 BHK grand residences with festive offers like 0 Stamp duty & registration and 0 Floor rise, giving a never before opportunity to homebuyers. Aiming to enrich lives by setting gold standards for customer-centricity, architectural design, quality and safety, Vaikunth is the home you need to invest in, this festive season!

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Team Piramal Realty
Founded in 2012, Piramal Realty, the real estate development arm of Piramal Group is one of India's leading developers with 17 mn sq. ft of residential and commercial under development in and around Mumbai. In 2015, Warburg Pincus and Goldman Sachs two of the world's most respected private equity investors invested $235 million dollars for a minority stake in the company. Piramal Realty aims to be the gold standard in design, quality, safety and customer centricity in both residential and commercial real estate. Piramal Realty's developments, while being cutting edge and contemporary, focus on embracing a more intuitive definition of luxury, which celebrates nature, greenery, space, light, ventilation, art, culture and community living.

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