Significance of Purchasing a House during the Festive Season

The festive season in India always adds a sparkle to the real estate industry as it is considered an auspicious time for making real estate investments.

Religious festivals in India are often synonymous with new beginnings and the start of new ventures and are considered an auspicious time to make residential real estate investments, with the result that the real estate sector always soars to unprecedented heights during Navratri and Diwali, with customers eager to make investments in the mid-segment and luxury housing categories during this auspicious festive period. Investing in real estate is imperative as it helps to secure one’s future.

The real estate industry bears witness to remarkable growth in the festive season which can be attributed to the following factors:

1. Auspicious Time: The festive season in India, is considered auspicious and augurs the start of new beginnings, and therefore it often includes purchasing property to bring home blessings, prosperity and good luck.

2. Launch of new projects: The festive period also witnesses the launch of new residential projects, with real estate developers keen on roping in customers with attractive offers, lower down payments and flexible financing options.

3. Unchanged repo rate at 6.5%: The decision of The Reserve Bank of India to keep the repo rate steady at 6.5% presents a lucrative opportunity for home buyers this festive season. Despite short-term volatility, real estate in India is poised for higher growth. In light of this fact, purchasing a house during the festive period of Navratri and Diwali could be a good investment for the future.

4. Thriving Real Estate Market: The Indian real estate sector has witnessed unprecedented growth in recent times and is all set to grow by 9% by the year 2028, with the luxury residential market witnessing marked progress by 151% year-over-year in the first quarter of this year. The festive season is thus a good time to buy a house, and investing in real estate is a good idea if one wishes to diversify their investment portfolio.

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Offering a plethora of housing options ranging from premium and mid-segment to affordable housing, Wave City seeks to provide residents with a plethora of world-class amenities to ensure a comfortable and luxurious life.

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Home to over 15,000 happy residents, Wave City offers a life of comfort and convenience. Located adjacent to NH-24, Wave City has a good network of roads and is surrounded by beautifully designed parks. It also has schools and medical facilities and is close to several educational institutions, hospitals and landmarks of the city. Offering residents 24*7 security and CCTV surveillance, coupled with a secured gated community, Wave City ensures optimum safety and security of residents.

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