Navratri During this period, the real estate sector has returned to its glory. To fulfill their dream of owning a house, people have made huge bookings. According to industry reports, the demand for 3 and 4 BHK flats has been highest during Navratri. This time there is a demand for bigger flats rather than smaller flats. Neeraj K Mishra, Executive Director of Ganga Realty said that people have booked houses in the luxury project in large numbers. Inquiries from end user home buyers were highest during Navratri. At the same time, Saransh Trehan, MD of Trehan Homes Developer, said that the real estate market in India is booming during the festive season. This trade was seen this time also. Our ultra luxury project Trehan Homes has seen good bookings.
Three times booking from last Navratri
In the big real estate market Noida and Greater Noida, the number of registrations during Navratri has reached three times as compared to the previous Navratri. Due to this, not only the authority is getting revenue worth crores of rupees but the real estate businessmen are also very happy. Real estate experts say that the time of Navratri and Diwali holds special significance for Indian families. People consider it very auspicious to buy a new property during this time and get it registered at an auspicious time. This year also Navratri has created the same enthusiasm and excitement. According to the information received from the Registry Department, on an average 350 registries are taking place every day and this figure is likely to increase rapidly till Diwali.
Private developers are giving offers
One of the reasons for increase in booking of houses during the festive season is the discount offers being given by developers. Neeraj Sharma, MD, Ascon Infra Realtors, said that we have brought some special offers for our customers. This year, if investors invest in properties of 3000 square feet or larger, a debit note of Rs 6 lakh is being given. On availing smaller size units, customers will get six split air conditioners or a debit note of Rs 2 lakh. Also offering free kitchen equipment like chimney, hub, OTG, microwave, and RO system for all property sizes. On the other hand, according to Ashwini Kumar of Pyramid Infratech, the real estate market is witnessing tremendous excitement due to the festive season. The demand for luxury projects is increasing rapidly, especially in prime areas like Dwarka Expressway and Southern Peripheral Road. Prateek Tiwari, Managing Director, Prateek Group, says that the festive season is a special time for home buyers when they decide to buy their dream home. The real estate market in Delhi-NCR is booming, especially in demand for luxury homes. Keeping in view the changing needs of the people, developers are constantly coming up with new and better projects, so that the expectations of the buyers can be met.
Buyers’ interest increased in auspicious time
The atmosphere of registry this year is completely different in Greater Noida and Noida. Many buyers, who were waiting for the registration of their flats for years, are now getting the registration done immediately in view of the auspicious time of Navratri. People believe that buying and registering a house during festivals is auspicious. This is why the registry department is expecting the same enthusiasm till Diwali.
