businesstoday.in-Diwali 2024: Why is this festive season ideal for first-time homebuyers?
The festive season, stretching from October to December is a time of jubilation and fresh starts. For aspiring homeowners, it's an important time of the year to take the leap and purchase their dream home. Real estate developers and financial institutions roll out exclusive offers, discounts, and financing options, making it a buyer's market.
1. Festive Offers and Promotions by Developers
One of the most prominent reasons the festive season is ideal for first-time homebuyers is the abundance of promotional offers from real estate developers and bankers. These plans help alleviate financial bottlenecks, especially for first-time buyers. According to a survey, 70% of homebuyers consider flexible payment plans a key factor in their purchasing decision, according to a Knight Frank report.
