Buying Property During the Holiday Season: 3 Things to Consider

As the festive season begins with Dhanteras and Diwali, many people believe that this is an auspicious time for major investments, with real estate being one of the most popular options. If you’re looking to buy property during this period, experts suggest there are three main factors to consider to get the most out of your investment.

Look for developing countries with growth potential.

Mohit Goel, managing director of Omaxe Group, advises buyers to consider properties in new business districts or areas with growing infrastructure. This may mean considering projects in new commercial areas or regions that are expected to see significant development in the coming years.

“Investing in real estate during the festive season can be a strategic move. It is critical to focus on identifying attractive opportunities, especially in emerging business districts and areas with strong infrastructure development,” Goel said.

One of the benefits of choosing such areas is the potential for higher property value appreciation over time. New developments, such as business centers or residential communities, tend to attract more residents and businesses, which can help drive up property prices. Additionally, new regions may provide more affordable options than existing cities, making them attractive for long-term investment.

ASSESSING LOCAL INFRASTRUCTURE AND COMMUNITY NEEDS

According to Amrita Gupta, director, Manglam Group and president of Rajasthan women’s wing CREDAI, buyers should look out for ongoing infrastructure and urban development projects, especially in smaller towns. She emphasizes the importance of understanding the specific needs and culture of these areas, which can influence the design and layout preferences of a property.

“The holiday season is a great time for buyers to think about purchasing a property. As the market evolves, it is critical to evaluate ongoing infrastructure and urban development projects in tier-2 and tier-3 cities,” she said.

As cities outside major metros are growing rapidly, especially tier 2 and tier 3 cities, investing in properties that meet local demand can increase the desirability of the property and ultimately its resale value. Local infrastructure improvements such as improved roads, transport links and amenities make these locations attractive to both residential and commercial investors.

Gupta also suggests that “affordability remains a key aspect,” urging buyers to ensure their investment fits with their financial goals and lifestyle.

LET’S CONSIDER FAST GROWING MARKETS AND FRACTIONAL OWNERSHIP

For those looking for premium destinations with tourism-driven demand, Aditya Kushwaha, CEO and Director, Axis Ecorp, suggests exploring fractional ownership. It highlights the growing trend in holiday home inventory, especially in markets like Goa where tourism generates high rental income potential.

“In premium markets like Goa, where demand for holiday homes is growing, fractional ownership is becoming an increasingly smart investment model. This allows investors to own a share of luxury real estate, making high-priced properties more affordable,” he explains.

Fractional ownership allows buyers to invest in a portion of a luxury property, providing access to luxury real estate without the full financial commitment. This option may be attractive in places like Goa where there is a stable rental market.

With tourism back in full swing, holiday homes can generate stable rental income and offer great growth potential. Fractional ownership in these markets also opens up opportunities for increased returns over time, and the vacation destination makes the investment more attractive.

(Disclaimer: The views, opinions, recommendations and suggestions expressed by the experts/brokerages in this article are their own and do not reflect the views of India Today Group. It is advisable to consult a qualified broker or financial advisor before taking any actual action. investment or trading choice.)