April 9, 2025
- Buying the home of your dreams is something that many Indians aspire to. It ranks among the most significant accomplishments one can achieve in a lifetime. In addition to securing an asset, a home guarantees access to a better neighborhood, safety, and a sense of community. It also contributes to long-term financial stability. Moreover, you can protect your largest investment through property insurance.
- For numerous Indians, the issue isn’t whether or not to purchase property. Instead, the question is, when is the right time to buy property? If you’re contemplating the timing for investing in a property, the approaching festive season may turn out to be perfect. Dussehra is regarded as one of the most auspicious periods in the calendar year, making it an excellent time for significant purchases.
- The real estate market was severely affected during the pandemic, and it is still recovering. This Dussehra offers you the chance to acquire a property of your preference. Developers not only present attractive discounts and offers during this period, but there are also several new launches. You might even receive additional perks, such as complimentary parking or a waiver on clubhouse fees, among others. Here are the top 5 reasons to invest in property this Dussehra.
- Good Time To Buy:
Dussehra signifies one of the peak buying seasons throughout the calendar year. Many buyers aim to take advantage of this auspicious period to make new acquisitions. If you have been contemplating purchasing a home, this Dussehra could be an excellent time to buy property.
- For those who have been considering buying property for a while, this is a valuable opportunity to turn that plan into action. Even if you haven’t spent much time planning, this auspicious time can present numerous great opportunities. One key reason is that people tend to have a purchasing mindset during Dussehra instead of merely evaluating their options.
- What may work in your favor is the availability of several exciting and appealing deals on properties. These could significantly lower your ownership costs, making them more manageable.
- Tax Benefits:
Another compelling reason to think about buying a property this Dussehra is the tax advantages that accompany a property purchase. Tax deductions on payments made for a property can assist in offsetting some of your income and decreasing your overall tax burden. To begin with, there are no self-employment taxes on rental income, making it a more favorable option.
There are tax deductions available for various events such as property depreciation, property maintenance costs, repair expenses, insurance premiums, and mortgage interest payments. Moreover, long-term investments like real estate tend to be subjected to lower tax rates. Therefore, real estate investors prefer to allocate their funds for the long term. - Discounted Rates:
One of the main reasons to invest in real estate during Dussehra is the reduced property prices. Developers understand that the festive season is a prime time for many prospective buyers. Many of those who are hesitant can be turned into actual buyers with attractive offers.
This is precisely why purchasing a property during Dussehra is a sensible decision. If you take a look around and inquire, you may discover some excellent deals or discounts on property prices during Dussehra. Most of the pricing offers are available exclusively for the festivals. Thus, one should not hesitate to negotiate and aim for a price point that one will be more comfortable with.
The festival season could be the ideal time to don your bargaining or negotiating hats. And you may be able to leave with a property at prices you hadn’t considered before. - New Projects:
Dussehra is a celebrated festival and is regarded as one of the most auspicious times to purchase or invest in new opportunities. It is not surprising that the festival season witnesses some of the highest sales of vehicles and properties. Many builders and developers are aware of this. And it is a key reason for launching new projects during this time. If you have been waiting throughout the year to buy a property, you might find several good options regarding new projects. And if these projects are at their early stages, you could secure introductory prices, making purchasing properties even more advantageous. - Be Financially Stable:
A significant number of property owners or buyers are working professionals. Many of them receive mid-term reviews and evaluations during the festive season. Some even receive bonuses, making the purchase somewhat more affordable. If you obtain a mid-year bonus or a salary increase, it could be a wise decision to invest that in a property.
For those who have been contemplating buying a property for some time, the extra funds should assist with the acquisition.
Once you decide to purchase a property of your choice, it is vital to acquire property insurance. A home insurance policy will provide protection against many potential risks that houses typically encounter. Here are several key reasons why you should consider a property insurance policy.
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