Real estate investors and first time buyers should brace themselves as festive time has officially begun in India, bringing the endless possibilities of more launches, offers and discounts.
The festival season in India marks the start of prosperous moments to refresh life with investments and happiness. The time is beneficial, particularly for real estate investments in the commercial and residential segments, as buyers get many opportunities to avail of benefits from multiple discounts and offers. Buyers can access their desired properties at lower prices or with additional perks.
Beginning the festive season with the auspicious Ganesh Chaturthi, investing in Delhi-NCR and Mumbai’s real estate market during this time can never go wrong.
One of the most celebrated festivals in Maharashtra, the festival holds religious significance and profoundly connects to real estate investments. The sector experiences growth, and with the welcome of Lord Ganesha, buyers find it a favorable time to buy a new home or invest in a property. Industry leaders share their views on why Ganesh Chaturthi is a divine opportunity to invest in Delhi-NCR’s real estate market.
As Delhi-NCR continues to develop, Gurugram’s rapid infra growth and real estate development have positioned the city as an attractive option for real estate investments. The city’s prominent micro-market, the Dwarka Expressway, has taken the limelight with 79% price appreciation over the past five years, offering better investment opportunities this festival season.
Mohit Kalia, Vice President- Sales and Marketing, Raheja Developers said, “As Ganesh Chaturthi approaches, buyers invest in residential properties, as they are attached to values and long-standing customs that associate this occasion with luck. Amidst this festivity, the real estate market along the Dwarka Expressway responds strongly by offering project options with premium amenities that elevate buyers’ lifestyles and promise great returns.
“Developers also provide great offers that add even more value to buying residential properties. Thus, it is the best time to invest in properties along the expressway as the returns increase gradually as the area’s market strengthens.”
Sachin Gawri, Founder and CEO, RISE Infraventures, said, “The real estate market witnesses a great response, especially during the festive season, as buyers believe it is an opportune time to invest in homes or other real estate assets. The rates are low currently, and the returns climb gradually, offering profitable opportunities in Western India and move can be seen in Gurugram’s real estate market also. As the city is already a hub for real estate projects, any investment in the sector is promising.”
Nandni Garg, Director, Rajdarbar Ventures, added, “As Delhi-NCR boasts a strong real estate market, developers come up with various offers for prospective buyers, adding to the allure of festivity.
“Recognizing that homebuyers are keen on new investments and purchases during the festive months, developers look forward to this time of the year to launch projects and sell out their existing inventory. Cities like Chandni Chowk encompass immense commercial value and bring organized commercial spaces, offering maximum ROI to investors or buyers, especially during the festive time when the streets witness massive footfall. Consequently, the area puts buyers in profitable positions looking at maximum ROI.”
As Delhi-NCR strengthens its position as a real estate hotspot, investing during Ganesh Chaturthi could lead to prosperous and rewarding outcomes, aligning with the festive spirit of new beginnings and growth.