Investing in a property is considered one of the most auspicious acts during Diwali. It is said that any new beginnings made during this time are more likely to be successful. Moreover, since Diwali is also the Hindu New Year, it is an ideal time to start fresh with a new home. Of course, buying an apartment is not a decision to be taken lightly. It is a huge investment, both financially and emotionally. Also, there is no better time than Diwali to buy a house.
With the blessings of Lakshmi, the goddess of wealth and prosperity, a new home will be off to a good start. So, if you’ve been confused about what should we buy on Dhanteras, know that there’s no better investment than a house. Not only will it bring happiness to their family, but it will also be considered auspicious by many. In the section below, we will discuss why buying a house is considered auspicious on Diwali.
Let’s take a look at these reasons.
1. Offers and Discounts
Diwali is the time when home sellers give the best discounts and real estate Diwali offers on their prices. So, for people who are looking to buy a house, this is the best time to do it. One can get a great discount on the property’s total price during Diwali. Additionally, many banks and financial institutions offer special schemes for home loans during this period. So, if someone is planning to take a loan to finance their purchase, Diwali is the best time to buy a house.
Additionally, many real estate developers also run promotional schemes during Diwali, offering freebies and gifts to buyers. These offers can range from free furniture or electrical appliances to discount coupons that can be used for future purchases.
2. Launch of New Projects
Many developers launch their new projects during Diwali, which is considered an auspicious time. This results in many good quality housing options becoming available on the market. Additionally, the costs of recently launched projects are reduced at this time, allowing one to take full advantage of the festival.
3. Lower Interest Rate
Diwali is the best time to buy a house. The banks also offer lower interest rates during Diwali, which would be a great reason to make an investment at this time. In addition, the RBI has announced several measures to boost the real estate sector, which will help keep interest rates low in the coming months.
Buying a house at any time of the year is never like doing it on Diwali. This is because the auspiciousness, discounts, and real estate Diwali offer are something that only comes once a year.
4. Reduction in Stamp Duty
The government has recently announced a reduction in stamp duty for home buyers; which would be great to consider when making a purchase during this Diwali. This is an excellent opportunity for those planning to buy a house. The reduced stamp duty will make purchasing a property more affordable and help boost the real estate market. With the festive season approaching, this is considered an auspicious time to buy a house.
5. Fortunate Time
Diwali is an auspicious time for buying a house. This is because the festival of lights symbolizes new beginnings and fresh starts. When someone buys a house during Diwali, it is said that they are inviting Lakshmi, the goddess of wealth and prosperity, into their home. This is believed to bring good luck and fortune to the household.
The Bottom Line
Due to its association with fresh beginnings, Diwali is seen as the best time to buy a house. A sensible purchase made today will pay off for years to come.
Piramal Realty offers a range of residential properties in Mumbai that are perfect for those looking to invest in a new home. Click here to learn more in detail about Piramal Realty.
Disclaimer: This article is based on the information publicly available for general use. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided herein.