Festive Season

Should You Rush Into Buying Property This Festive Season

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Freebies Galore: Should You Rush Into Buying Property This Festive Season?

Freebies Galore: Should You Rush Into Buying Property This Festive Season?
(Dreamstime)

The answer is yes, given the prevailing market conditions favour homebuyers with dipping sales volumes, rising inventory overhang, and realistic valuations. 
And on the top of it, if developers are offering irresistible deals, then it’s time to grab one. The market is buzzing with offers that lure homebuyers to invest in the property market. A majority of these offers are available in the National Capital Region where the inventory overhang is very high. So, if you’re planning to buy a property in the near future, here’s what to look out for. 
Look for the house that meets all your requirements because festive schemes and freebies only work if the property meets your needs on all the parameters. For instance, there may be schemes in the market that offer real benefits such as structured payment plans, free car parking or no registration fee. Small discounts and offers should not drive your decision.
Due diligence must be undertaken before investing anywhere. The market is flooded with a fair mix of real benefits and gimmicks. Establish the credentials and past record of the developer before buying a property.

Read the fine print and understand the financial implications of the scheme. Weigh between cash discounts and freebies. If a developer is giving a mid-segment car free and you already have two cars and don’t need another one, then it’s better to take a cash discount.
But, if you’re planning to buy a property for purely investment purpose, choose projects that offer value for money by giving a good return on investment. Ready-to-move-in properties work for those who want to shift to their new house sooner than later, but for long-term investors can invest in pre-launch properties because they come cheap and offer good returns.
- by Shaveta Dua
Source :- PropTiger

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