Dhanteras 2024 is not just a time for traditional purchases like gold and silver, but also an ideal opportunity to invest in property. The festival, which marks the beginning of Diwali celebrations, is considered highly auspicious for property buying. Beyond the cultural significance, there are several compelling financial and practical reasons that make Dhanteras 2024 property buying a smart move.
Auspicious timing for property buying
Buying property on Dhanteras is a tradition rooted in the belief that it attracts prosperity and good fortune. By aligning your property investment on Dhanteras 2024, you are not only participating in a cultural practice but also setting the stage for long-term financial growth and stability.
Property investment on Dhanteras 2024: A smart financial move
Why invest in property on Dhanteras? Beyond the symbolic significance, the festival brings real-world benefits that make it an opportune time for real estate investments:
Favourable market conditions
Real estate developers often offer attractive discounts, reduced prices, and special schemes during the festive season, making it an ideal time to buy property on Dhanteras 2024.
Lower Home Loan interest rates
Banks and financial institutions typically provide competitive interest rates on Home Loans and Housing Loans during Dhanteras. In 2024, these lower rates can translate to significant long-term savings on your property investment.
Tax benefits
Investing in property offers several tax advantages, especially if you opt for a Home Loan. Under Sections 80C and 24(b) of the Income Tax Act, you can claim deductions on both the principal and interest components of your Housing Loan.
Why buy property on Dhanteras 2024: The emotional and symbolic value
Beyond the financial advantages, property buying on Dhanteras 2024 carries deep emotional and symbolic significance. Owning a home represents personal and familial growth, financial security and a tangible asset that appreciates over time. By tying your investment to this auspicious day, you enhance its emotional value and cultural significance.
How to make the most of property buying on Dhanteras 2024
To ensure a successful property investment on Dhanteras 2024, consider the following steps:
Research thoroughly
While festive offers are tempting, research the property market, price trends and growth potential in your preferred location to make an informed decision.
Check your financial readiness
Evaluate your financial standing and compare interest rates across banks before applying for a Home Loan or Housing Loan. Ensure you qualify for the required loan amount.
Review builder credibility
Verify the reputation and track record of the builder or developer offering festive deals. Check their past projects, delivery timelines and customer reviews to avoid potential issues.
Consult with experts
Seek advice from real estate agents, financial advisors and property consultants to gain valuable insights into market dynamics and make a well-informed decision.
Also Read: 10 easy steps for the Home Loan application process
Conclusion
Dhanteras 2024 is the perfect occasion to combine tradition with smart financial planning through property investment. By purchasing real estate on this auspicious day, you not only invite prosperity but also take advantage of festive offers, lower interest rates and tax benefits, setting yourself up for long-term financial security. Whether you're a first-time homebuyer or expanding your property portfolio, this is an ideal time to explore financing options like Home Loans or Loans Against Property.
Axis Bank offers competitive Home Loans featuring attractive interest rates, repayment tenures of up to 30 years and minimal documentation. Secure your Home Loan this Dhanteras 2024!
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.
