What are the advantages in booking an apartment during offers / festival season?

One of the major concerns and queries that a lot of home buyers are asking is: is it okay to book an apartment during the festive season, especially if it is under construction and the possession of the apartment is far off?

Diwali is considered to be the festival of lights, family, joy and heralds the start of a new phase in life, every year. Thus, to keep in tune with this traditional belief, people wish to invest in new things and bring in the New Year with pomp and honour. One of these things can be the new apartment in addition to a new car, electronics etc. Thus, a lot of builders use this tendency and anticipation to advertise their products on the pages of newspapers and other forms of media to lure buyers with attractive discounts zero down payment etc. This is one of the best times to buy affordable apartments for sale in Mumbai.

There are several schemes that you might have noticed in the newspapers - discounts for the first 50 buyers, extra electronic items on booking and lucky draws with trips to Thailand etc.  According to realty portal Property.Sulekha.com there are even those real estate builders who offer to waive the stamp duty and registration fees and pay it on behalf of those who book flats on an early bird basis. Taking into account all these extra discounts and incentives, does it make sense to buy an under construction house, especially during the festive season?

The most important benefit that one might receive when one decides to purchase a house during the festive season is the discount offered for per square foot of the total area of the house. It has been observed that most builders nowadays offer, at the stage of launch of the project, rates that are between 20-25% lower than that what you have to pay if you go for a flat during the non festive season. Buying a house during the festive season works out to be cheaper.

There are also a number of lucrative concessions and payment options that need to be considered, which might make it a great deal for you. Nowadays, it is a common practice to allow buyers to pay almost 80% of the price after the house is built. This is usually offered during the festive season and not during the doldrums.