Why Are Festivals The Best Time To Buy A Home?

Buy luxurious apartments in Kharar, Chandigarh at affordable prices –

Kharar is a town, close to Chandigarh, in the state of Punjab. Because of its proximity to Mohali, the city is also known as Greater Mohali. The city’s excellent connectivity to Chandigarh and Mohali makes it a suitable place for real estate investment. Many housing projects have been given a green signal in recent times, which has resulted in the construction of high-grade residential units in the city. 

Homebuyers can get many options, including 1 BHK, 2 BHK, and 3 BHK property in Kharar Chandigarh. The average price for such properties in Kharar ranges between Rs 20-55 lacs. However, you may find cheaper deals during festivals along with additional offers. 

Why Real Estate Market Booms During Festivals In India?

Festivals always arrive as a blessing for the real estate industry. With joy and happiness, festivals also create an opportunity for investors as property prices slid down during this period. Though shopping during festivals mainly includes buying household things, jewelry, clothes, and vehicles, people living on the rent often wonder if festivals are the correct time to invest in real estate. Certainly, it is! Experts suggest that there is no perfect time to invest in real estate. However, investors benefit from various offers attached to real estate investments. 

Festivals like Dussehra and Diwali see a massive rise in the number of homebuyers, and builders lure them with exciting offers. Just like any other business, the real estate market also booms during this time of the year. Buying a home during festivals is considered auspicious in our country. Here are of the reasons why you should buy a home during festivals – 

1. Launch of new projects.

Independent builders and companies see festivals as an opportunity to sell out the maximum number of residential as well as commercial units. That’s why the majority of new housing projects are launched during festivals. Indian home buyers are more interested in affordable housing schemes. The sale of properties increase during this period as the buyers are too excited to get hold of their own home.

2. Discounts and Exciting Offers

To increase the sale, builders target people’s willingness to own a property. Either they offer direct cash discounts on the property or give concessions on registration and the stamp duty. The added offers usually include gold coins, gym or club membership, shopping vouchers, and free amenities.

3. Flexible payment options

To pull in more buyers, builders are open to any form of transaction during this time. For example, a lot of people don’t want to pay the amount upfront. To deal with this, developers suggest various payment options to clients, such as paying in EMIs, bonds, etc. Such offers excite buyers as it makes their dreams of owning a home look achievable. 

4. Additional features for the same price

Besides cash discounts and exciting offers, builders also offer free amenities and furnishings in the apartment as added features. It could be a modular kitchen, geyser, AC, and free parking spaces. These resources play an essential role in luring buyers.

5. Bonus and bank offers

Festivals are known for bonuses. Whether you work for a company or own one yourself, you are likely to make some extra income. The banks also run various housing loan schemes, which make buying a property more comfortable. With more money in hand and finance options from banks, buying a house doesn’t seem to be an expensive affair.

Own A Luxurious Apartment In Chandigarh – Affordability and Best Locations

Are you looking for 3 BHK flats in sector 127 Chandigarh?

Surely, purchasing a property in Chandigarh won’t disappoint you. After all, the city has everything you can imagine – busy lifestyle, clean environment, planned housing system, high-grade healthcare and education facility, numerous hangout spots, large shopping complexes, and much more. The best part is that the cost of living is also not on the higher side. In this article, we will share different reasons why you should invest in Chandigarh and how you can find luxurious 3 BHK flats in sector 127 Chandigarh.  

Let’s take a look at Chandigarh’s residential real estate market –

The Price Factor – Is It Too Expensive?

Not really. As per the current market trend, the average price for a 3BHK flat in Chandigarh ranges between Rs 70-90 lakh, while a 2 BHK apartment may cost you anything between 40-60 lacs. In case you want to know about higher configurations like 4 BHK or 5 BHK accommodation, the average price for such large apartments ranges between Rs 2.36-3.55 crore or more depending upon the size of bedrooms, built area, location, and other amenities.

Best Localities – Where Living Means Joy!

You might only be thinking about 3 bhk Apartments in sector 127 Chandigarh. However, there are other posh localities as well that you may want to consider. Places such as Chandi Mandeer, Dera Bassi, Madhya Marg, Mullanpur, Sector 2, Sector 15, Sector 35, Panchkula, and Zirakpur also offer a healthy living environment and smooth connectivity to other parts of the city.

Price Wise Selection – Which Location Suits Your Pocket?

Chandigarh always had high prospects for investors of all stature. You don’t need to have a mammoth figure in your account to get hold of a resident in the city. If you are eyeing inexpensive flats in the range of 10-20 lacs, locations such as Dera Bassi and Kharar Mohali are the best options. For 25-75 lacs price band, localities such as Zirakpur, Panchkula Sector 20, Sector 127, Bhago Majra Road Kharar, Mohali Sector 125, Sector23, Sector 62, and Dhakoli Zirakpu should satisfy your needs.

Rental Values – As Affordable As Buying

Not only homebuyers, but tenants also find Chandigarh an affordable place. The median rent for renting an apartment in Chandigarh ranges between Rs 4,000 -Rs 3 lakh per month. Some of the popular localities that are crowded with tenants include Sector 5, 8, 9, 10, 15, 18, 19, 33, 34, 36, Sector 115, Sector 127, Mohali Kharar, Mohali Sector 69, Panchkula Sectors 7, and Sector 18. Whereas, the most affordable ones are Dhakoli Zirakpur, Nayagaon, Sectors 42, 47-D of Chandigarh, and Sectors 2, 11, 17 of Panchkula. 

Time Factor – When Should You Invest?

There is no so-called ‘right time’ for buying a house. Some real estate experts suggest once you are ready with your finances and have come across the right home for yourself, you must close the deal. However, if you like data more than suggestions, you can still be happy. The real estate market in Chandigarh is at its rational best when compared to yesteryears. For example, in April 2013, the average price of residential properties was Rs 6,700 per sqft, which dipped further in August 2017, and at present stands at Rs 5,200 per sqft. This price may vary depending upon the property size, location, brand, and amenities within a unit. However, the benefits of investing in Chandigarh real estate are enormous. The authority is also making strenuous efforts in maintaining high standards of living in the city. Plus, some policies have also been introduced in recent times to make services easier for homebuyers in the city.