2. Real estate
Buying property at the time of Diwali is always considered to be auspicious and usually the sale of properties across the nation goes up during the festive period. While it is true that the real estate prices are showing no signs of decline despite the inventory pileup, developers and builders often come with lots of discounts and gift offers to lure property buyers who are looking for some great deals. To make property buying a joyous decision, developers offer incentives like free parking space, club membership offers, and remove stamp duty-registration and maintenance charges. Hefty discounts price cut between Rs 200 and Rs 2,000 per square foot, which may result in reduction of lakhs of rupees in house prices in the sub-Rs40 lakh category. A word of caution here: before taking the final decision to purchase a property from any builder, conduct a background check. This can be done by looking at their previous projects, approvals received from banks or financial institutes, customers or clients' feedback on their previous projects. By taking these steps you'll ensure that you get a fair deal in your city. It is recommended not to invest in projects where there is legal hindrance or builder having poor credit history.
