Diwali, the festival of lights, is considered an auspicious time for various investments in India, including real estate. In this comprehensive guide, we’ll explore the 7 Benefits of Real Estate Investing During Diwali.
What is Real Estate?
Real estate is like a fancy word for property. It means land, buildings, or houses. When you own real estate, you own a piece of the Earth or something built on it
In simpler terms, real estate refers to property, which includes land and any buildings or structures on it. It encompasses residential houses, commercial spaces, and even vacant land. Real estate can be bought, sold, or rented, and it holds value over time. People use real estate for various purposes, such as living, working, or investing to make a profit.
Real Estate investing can be worthwhile. It involves purchasing properties to generate income, either through rental or resale. Many people invest in real estate to build wealth and secure their financial future, or to have a perfect living place.
Different Types Of Real Estate?
There are various types of real estate available in the market, and as a prospective investor, it is important to know each type. Different real estate comes with its unique set of advantages, challenges, and investment opportunities.
Residential Real Estate
When most people think of real estate, residential properties often come to mind. Residential real estate includes single-family homes, condos, townhouses, and apartment buildings. These properties are primarily used for living purposes, making them a stable and popular choice for investors looking for long-term rental income.
It is the best option for investment for Individuals seeking stable, long-term investments with potential rental income. It’s also suitable for those looking for a place to live.
Commercial Real Estate Investing
Commercial real estate involves properties used for business activities, such as office spaces, retail stores, malls, and industrial complexes. Investing in commercial properties can give high returns, especially in prime locations. Businesses always need physical spaces to operate, making commercial real estate a highly profitable investment option.
Commercial real estate is suitable for business owners seeking property for their operations like retail stores and offices.
Industrial Real Estate
Industrial real estate includes properties like warehouses, factories, distribution centers, and manufacturing plants. The demand for industrial spaces is rising due to the growth of e-commerce and globalization.
Industrial real estate is well-suited for a variety of investors looking for cold storage facilities, data centers, or light manufacturing spaces.
Plots/ Lands
Plots or Land comprises undeveloped land that may be used for future construction or it can be farmland. Usually, people buy plots for themselves or resale in the future. As the value of land appreciates every year this type of investment is best and profitable for anyone.
Benefits of Real Estate Investing During Diwali
Diwali symbolizes a new beginning, stability, and prosperity for the family. Here are seven benefits of real estate investing during Diwali.
Auspicious Time
Diwali, the festival of lights, is considered an auspicious time for various activities, including real estate investing, in India. Many people believe that starting a new investment or buying a property during this time brings good luck and prosperity.
New Projects Starting-Exciting Offers
To attract investors and homebuyers, many real estate developers and builders may offer special discounts or incentives during the Diwali season. This is the best time for investing in real estate. These promotions can make investing in real estate more attractive.
Low Interest Rates
Financial institutions and banks often lower interest rates during festive seasons like Diwali so that one can take loans or do flexible payments, for purchasing any assets. During Diwali 2023 various banks are offering great discounts on home loans. Currently, SBI home loans have interest rates ranging from 8.70 – 9.80%.
Calm and pleasant weather for property searching Long-Term Investment
Diwali falls during autumn, bringing a pleasant change in weather. Unlike the scorching heat of summer or the heavy rains of monsoon, the moderate climate during Diwali makes property searching a comfortable and enjoyable experience. Prospective buyers can explore various options without being hindered by extreme weather conditions.
Emotional and Social Significance
Diwali is a time of togetherness and celebration. Purchasing a new home or property during this festival is emotionally significant for families. The emotional aspect of such investments often drives people to take the plunge, believing that the positivity associated with Diwali will bless their investment with happiness and success.
Elevating Your Social Status
Owning property, especially when acquired during auspicious occasions like Diwali, elevates your social status within the community. In many Indian cultures, owning property is a matter of pride and social standing. It reflects your financial stability, sound decision-making, and achievements. Your investment not only secures your future but also enhances your social standing, garnering respect and admiration from peers and acquaintances.
Gift-Giving and Property Gifting
During Diwali, it is common for families to exchange gifts, and some individuals may choose to give real estate properties as gifts to their loved ones.
Conclusion
Investing in real estate during Diwali offers many benefits, from financial advantages and comfortable weather for property searching to emotional significance and enhanced social connections. This auspicious time, coupled with exciting new projects and low-interest rates, creates the perfect opportunity for individuals and families to secure their futures and strengthen their bonds. Don’t miss out on the advantages of real estate investing during Diwali.
Investing in real estate, whether during Diwali or any other time, requires careful planning, financial analysis, and a long-term perspective. It’s advisable to consult with real estate experts. One of the best property experts is Square Foot Investor – Offering agricultural land, commercial land, and residential land, Kotabagh for investment.
If you need any quick and flexible advice consider Square Foot Investor as your trusted real estate dealer.
FAQs
Why Diwali is considered as the best time to invest in real estate in India?
Diwali is considered the best time to invest in real estate in India for several reasons- it is an auspicious time for investment, families get together so making these big decisions becomes good and there are great offers during the festive season.
What Are the Best Ways to Finance a Real Estate Investment?
Some of the best ways to finance a real estate investment can be your personal savings, Mortgage loans, home equity loans, and private lenders.
Is commercial real estate a suitable investment during Diwali?
Commercial real estate can be profitable but requires careful research. First-time home buyers should seek guidance from experienced investors or real estate professionals.
