The Festive Season has embarked with great news for the Real Estate Sector in India. The Advent of Festivities with the Auspicious Days of Navratri has edified the state of the market as many people are finding it the right time to make an investment in the Real estate Sector. As per the Records, the local administration in Mohali has witnessed an unbelievable upsurge and managed to earn Rs. 16 Crore from just Property Registrations of 1329 properties in just a matter of 15 days.
The main reason behind this is that many people in India consider the Festive Season as auspicious and ideal for making big purchases.
The Fact to consider is that the Major Festivals that generally lead to the upsurge are still underway. Dhanteras and Diwali are still weeks away and is speculated to further edify the Real Estate Market’s State. Another reason behind the same is the restored normalcy post-Covid and the subsequent Lockdown implemented because of it.
The lockdown had left the Real Estate Market in a Devastating State, however, as the lockdown has been lifted and people are looking at Real Estate as a promising asset and investment opportunity, the picture is slowly and steadily getting back on track.
Even though after the relaxed lockdown, the counters for property registrations were open for the people, only 12 property registrations were allowed per day which is not the case any longer. This can also be considered as one of the many reasons such increase is witnessed day after day.
In accordance with the Data provided by the Revenue Department of Mohali., the maximum number of properties of 368 were Property Registrations in Mohali. That is not all, and 303 at Zirakpur. Considering the High Number, the future of Real Estate seems to be very promising, for Developers as well as Potential Homebuyers. These are the highest numbers witnessed in recent times, which gives the Real Estate Market the light of hope amidst the Festive Season.
Why is Mohali and Zirakpur witnessing such an upsurge?
Zirakpur is one of the best towns to consider in terms of property investment, from amenities to affluence, the town has it all. Property Investing in Zirakpur gives you a chance to be a part of a town fully equipped with everything that can make your life luxuriously convenient.
Similarly, Mohali is a considerable location in terms of Real Estate Investment, considering the advanced lifestyle as well as the advantageous location amenities, it is definitely worth taking into account. There are many premium residential projects in Mohali, which give the potential buyers good alternatives to choose from.
Some of the anticipated reasons behind the escalation, this festive season in the Real Estate Sector in Mohali can be as follow:
New Projects: Many New Real Estate Developers have announced new projects amidst the festivities, considering that it is the best time to allure people. The NEW property is definitely more preferred by new buyers. Developers also consider the festive season positive and rewarding in terms of fortune.
Festive Offers: There are overwhelming offers for homebuyers to choose from. Developers utilize this opportunity to sell out their inventory & increasing sales by providing attractive offers and schemes. It also gives the buyers an opportunity to choose from and make the most favorable decision for themselves.
Sales Schemes: It is also a great time for the employees, especially in sales and marketing teams to earn big money through the Incentive schemes introduced to encourage higher sales. It’s a win-win situation for everyone. These schemes are offered by the developers to ensure the teams make the most of the festive upsurge of investments.
Depreciating Rupees: This festive season, another reason to invest in property is the depreciated value of the Indian Rupee. It is a favorable time that many buyers can seize and take advantage of.
Home Loan Offers: There are also many advantageous benefits provided by banks, special offers on Home Loans make it easier for potential home buyers to avail of the loans. This is a very good time for people willing to invest in a second home as an asset.
Considering the present time being ideal for buying a new home, there are many properties in Mohali & Zirakpur, SBP Group’s Project like City of Dreams located in Mohali & Gateway of Dreams located in Zirakpur, curated with a futuristic approach, with worldly amenities are an ideal investment opportunity for the everyone. Make the most of the festive season and make a lifetime investment in a premium project SBP Group.
