9 days of Navratri, 9 Reasons To Invest in Your Dream Home

Navaratri, nine nights and ten days of festivities during which the nine forms or incarnations of goddess Durga are worshipped prior to Dussehra. This period of time is considered auspicious and brings with it some of the best reasons to invest in your dream home. Here are nine reasons to make this important investment. 

Key Takeaway:

• Many people view Navratri as an optimum time to purchase property; however, buyers can expect improved rates of financing on loans, faster processes through loan applications, and better overall terms.

• The property market (especially luxury villas in Goa) has a much better historical level and higher income growth than other 'typical' investments, plus they have the additional advantage of earning rental income.

• The introduction of RERA 2016 has established governments working towards protecting consumers when purchasing real estate, particularly with respect to beneficial contracts. The investor may receive additional government benefits by purchasing during this particular period.

• Purchasing a luxury villa in Goa allows the investor to enjoy the luxury elements of a private pool and private yard and further enhances the level of overall privacy (due to the limited purchases within the area).

 

1. It's Auspicious!

Goddess Shailputri is worshipped on the First Day of Navratri. The colour dedicated to her is orange and symbolizes positive energy. Navratri is considered an extremely auspicious and favourable time to acquire a new property, finalize its purchase or move into a new home. Any new venture during this period is believed to bring luck, prosperity and multifold increase in value. An investment like a luxury villa in Goa will definitely bring gains but more importantly, a property in Goa gives you the opportunity to live in a space that is green and filled with positive energy.

2. It's an intelligent and safe investment

The second day is dedicated to Goddess Brahmacharini whose association with white is synonymous with inner peace and security. She is a store-house of knowledge and wisdom. Investment in real estate is a wise and safe decision. The demand is always more than the supply, and inflation does not affect its value. The Real Estate (Regulation and Development) Act, 2016 protects the safety and interest of the home buyer as well. Investing in property can also lead to many tax benefits.

3. This Investment Comes With Attractive Deals And Offers:

The third day of Navratri is devoted to Goddess Chandraghanta who is associated with red which induces vigour and vitality in the devotee. The nine days of Navratri are celebrated with a lot of exuberance by its followers who strongly believe in the auspiciousness of investment during this period. Understanding the sentiment and rising demand behind this festival, builders and real estate agents offer the best deals during this time. This comes in the way of discounts, add-ons and gifts. 

4. Good Investments Fetch Huge Returns

The Kushmanda form of Goddess Durga is worshipped on the fourth day, royal blue is devoted to her and stands for richness, panache and elegance. There is no denying that if you invest in a luxury villa in Goa like those by Kasu you will find yourself with a “one of a kind property”. These villas in Goa match global standards and because of their premium nature, their value will only increase with time. 

5. It's A One Time Investment

The colour dedicated to Goddess Skandmata on the fifth day is yellow and stands for optimism and joy. This warm colour keeps the person cheerful all day. What can keep you more optimistic and happy than an investment which does not need to be monitored? If you are thinking of investing in real estate in Goa, then luxury villas are definitely the most promising option. They come with a steady source of income where you can quickly recover your capital and also offer you an opulent space to come home to. 

6. Do It In The Holiday Spirit

The sixth day of Navratri is dedicated to Goddess Katyayani, her colour green symbolises new beginnings and evokes a sense of growth, fertility, peace and serenity.

Now imagine yourself surrounded by greenery, with a cool breeze in your hair and birds serenading your morning cuppas and evening libations. The best place to celebrate all special family occasions will be your exclusive villa in Goa and the best time to buy one is when you are in the holiday mood. 

7. It's The Best Time To Take A Loan

Goddess Kalaratri is worshipped on the seventh day. Grey is worn in her honour. This colour is supposed to balance the emotions and keep the person down-to-earth. The most sensible time to take a bank loan is during this period when banks and financial institutions offer the best home loans due to the increase in demand. These schemes include lower interest rates, waiver on processing fees, and faster processing of the loan.

For NRI buyers Navratri gives them a wonderful opportunity to purchase a house or flat at a very competitive price through banks who offer very rewarding NRI home loan packages during the festive season as well as facilitating the remote purchase of properties with their digital documentation and virtual tours of the homes. According to FEMA, property in Goa is also eligible for repatriation back home when sold.

8. Real Estate Appreciates In Value

Devotees wear purple on Durga Ashtami, the eighth day, to receive the blessings of Goddess Mahagauri. This colour represents richness and opulence. One of the deciding factors when investing in a luxury property is its limited nature. There are not too many available in the market and so their demand is always on the rise. This causes a substantial increase in value and will lead to a huge profit if you have bought it as a pure investment.

Ensure that you have validated the builder's RERA registration before buying your property, as well as determine if they can meet this deadline; finally, evaluate the rental yield based on where the villa is located. Typically, gated communities with managed services are valued significantly greater than similar properties in suburbia, especially when located within popular tourist destinations such as Assagao & Anjuna.

9. It's A Safe And Private Space

On the last day of Navratri, Goddess Siddhidatri is worshipped. Peacock green is worn on this day to fulfil the wants and desires of the devotees and sesame seeds are offered for safety and security from unnatural events. The most desirable attributes of a home are for it to be private, safe and secure. A luxury villa in Goa will give you just that; the luxury of privacy. Whether it's your own swimming pool or your own lawn space to practice yoga in or barbecue, you will not find these luxuries in an apartment. 

Now that you have your nine reasons, have a very Happy Navratri and a prosperous investment in your dream home!

FAQS

Is Navratri a good time to buy a house in India?

Yes, Navratri is believed to be one of the most auspicious times of the year in India when it comes to making large financial decisions, such as buying a house or land. During this time, developers and banks will generally provide discounted prices and lower interest rates, as well as waive application costs, thus providing buyers with not only a great deal but also an additional cultural incentive to spend money.

Why is real estate considered a safe investment in India?

The real estate market in India has always been viewed as safe because the demand is consistently higher than the supply, real estate values have not been negatively affected by inflation, and home buyers are protected by RERA 2016. Additionally, rental income and the potential for increased capital value (appreciation) are two ways to generate income from your real estate investment, as well as tax deductions on loan interest paid to finance your new home under Section 24(b) of the Income Tax Act of 1961.

Do banks offer better home loan rates during the festive season?

Absolutely! Home loans are typically offered by Indian banks and non-banking financial companies (NBFCs) for the festive season of Navratri or Diwali at discounted interest rates, with waived/zero processing fees and quicker processing times. If you plan to buy a house, you can save money in the long run by taking advantage of these limited-time promotions, which are offered due to the historical increase in buyer demand during these festivals.

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