Gudi Padwa is the first day of the New Year and celebrated with much pomp in Maharashtra. It is celebrated across many States in the country but goes by different names. It is an auspicious occasion to start a new project or a new venture. It is believed that making a high-value purchase like a home on an auspicious day like Gudi Padwa brings in good luck.
Considered as an ideal time to invest, Gudi Padwa has over the years, set a trend among home buyers. Many prospective buyers are on the lookout for booking their dream home in this Lunar month of the New Year. The period marking Gudi Padwa is said to reflect an immensely favourable planetary position for buying properties.
People prefer to postpone their buying decisions and wait for such auspicious occasions coinciding with a festival like Gudi Padwa to buy their home.
One more reason for buying a house during the festival is that there are many schemes and incentives available to the buyer that is available during this period. It’s good to take advantage of the same as the savings can be substantial. We would encourage home buyers to take advantage of the current market conditions as developers are looking at quickly offloading inventories and are offering various incentives to woo the home buyer. Therefore, in such a scenario, the home buyer can only expect the best deal possible but must buy from well-known developers, albeit could be from the local neighbourhood.
Today, the home buyer has options to choose from; right from properties in the affordable segment to mid and luxury properties. Developers too are making the right moves and are more flexible in terms of payment options and providing added benefits to home buyers.
Generally, home buyers look at projects that are appropriately priced coupled with connectivity to other parts of the city, good social infrastructure and scope for future appreciation.
For instance, Chembur once considered an industrial hub is now fast gaining recognition as a prime residential location. Chembur is centrally located and well connected to other parts of the city, for example, BKC, Thane, Navi Mumbai and even South Mumbai. Infrastructure projects like the Eastern Freeway, SCLR etc., bring this micro market even closer to other major commercial and residential locales of the city. The price points in Chembur are more competitive and realistic compared to other areas given its prime location in the heart of the city.
In a nutshell, Gudi Padwa is the most auspicious occasion to book or move into your new home as it signifies victory and ensures prosperity and well-being for the entire family.