In India, Diwali stories vary from region to region. There are connections between many traditions, cultures and deities during this festival. Valmiki’s Ramayana says it’s when Lord Rama returns to Ayodhya after saving Sita and defeating Ravana. The citizens of Ayodhya decorated every corner of the city with numerous diyas to honour the victorious homecoming of their revered king. But then it became a ritual and eventually a festival called Diwali. This grand festival is celebrated in India and parts of Southeast Asia such as Nepal, Sri Lanka, Malaysia and Indonesia.
Kalratri is another name for the east coast of our country when Goddess Kali is considered the restorer of cosmic female power. Another crucial tale is a tradition associated with Goddess Lakshmi when she decides to marry Lord Vishnu. It changed her from divine to human, and the entire universe chained feasts.
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Diwali Celebrations Focus on Prosperity
The first day of this five-day Diwali festival, known as Dhanteras, is the widely celebrated day when Goddess Lakshmi emerges from the sea into a whirlpool of milk ocean called Samudramansan. Buying jewellery, gadgets, clothes, and tools is an auspicious event, while purchasing silver and gold coins and other forms bring prosperity and wealth. Diwali shenanigans bless us with cleaning and decorating bright precious items, so the house changes yearly. Homes are organised with diyas, rangolis and other decorations to enhance the festive look.
Great Opportunity to Buy a Home on Diwali
In India, festivals have many meanings. They developed a social celebration, a period of time to buy and live in a new home and always considered as very auspicious time to buy or start anything new.
And investing in real estate offers one of the most satisfying returns, which is why this is the best time to invest in it. Also, one can get some great deals and offers in home buying while beginning their new journey with Diwali.
Check Out the Best Properties to Buy in Various Cities in India this Festive Season
More Reasons to Buy a Home this Year on Diwali
Our economy has recovered from a severe pandemic with new aspirations and joys. This Diwali festival is a great time to buy a new home. The most significant raises come from Corporate India, which helps its employees realise their dreams of buying a new home.
With decades of low mortgage rates and other lucrative vacation offers from banks and mortgage companies, this is the perfect time to buy a brand-new house. In addition, PMAY CLSS benefits also help homebuyers to some extent. Some developers even offer gifts and promotions to alleviate the deal. There are multiple offers and discounts on Diwali on most household items, such as electronics and home décor items. This opportunity is also once a year. Good things don’t last forever, and interest rates can be raised if inflation rises. Inflation is likely to rise as commodities and oil prices rise again. In addition, steadily rising steel, cement and other building materials will soon force developers to raise property prices. Waiting for a better time to buy a home can put these benefits under your feet.
Initiating large-scale projects and business development activities on auspicious occasions is an old tradition in India. And while many of these traditions have evolved over time, the practice has survived. As a result, Diwali is when many new real estate projects are announced and launched. Incorporating these unique options will improve your chances of making the best real estate investment.
Interest Rates are Low
During Diwali, offers come flooding in from all sectors, including mortgages and finance. To attract potential homebuyers, banks and other financial institutions offer mortgages at lower interest rates than at different times of the year. With low interest, mortgages get the most out of your real estate investment.
Exciting Real Estate Offers
Surprisingly, various builders and property developers offer special discounts and exciting deals on residential real estate. These offers range from deep discounts on accommodation bookings to club memberships, free parking and gold coins.
Suitable Weather for Visiting Different Places
Diwali is traditionally celebrated when the monsoon recedes, and autumn arrives. The temperature is a little chilly but not unbearable. So it’s fun to walk around and see different properties.
There’s great excitement in India for Diwali, and real estate is gearing up for it too. You will come across seemingly amazing offers from most developers during this time. You can see the fine print only if you look at it wisely.
FAQ’s about Buy Property During Diwali
Q1. Is Diwali a good day to buy a property?
Yes, it’s considered an auspicious day to buy a property.
Q2. Why is Diwali a good time to buy a property?
Buying properties during the festive season is mainly because of 3 reasons:-
a. It’s a time when new building projects are ventured.
b. It’s an auspicious time to invest in something valuable.
c. Real estate developers are known to roll out exciting offers and schemes to attract buyers.
