Buying a residential property in India? What time of the year is right?
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Q1 - January to March: A good time to launch new projects as the financial closures are nearing with that financial year end round the corner. There are high volumes in sales in this period. Also, the brief Indian spring after the cold waves in North India are a good time to woo your prospective buyers out to see sites and sign cheques!
Q2 - April to June: Gee. This is the pits when it comes to Indian real estate sales. People have signed out their investment cheques to save those taxes and have no money to spare. Salaries are just about trickling back to what they were in January and the HR guys are being a nice lot! It is bank balance building time. And vacation time as well. So your prospects are not around. The heat wave is not helping either. Add to that, school and college admission plans. Summers is the time to hold back on that project launch. Sales are the slowest this time of the year.
Q3 - July to September. Boom time is here developers. The monsoon is in and if its good, the sensex picks up. So do sentiments and there is that last three month period of financial recuperation gone by. Tax liabilities are some distance away and there is money in the bank. Statistically, about 35 to 40 percent high rise project launches take place in India at this time. If you work in the media, now is the time to run to real estate developers and get that front page solus booked!
Q4 - October to December. The time for NRI based sales. Most NRIs are home during winter for their annual chhuttis (holidays) and they are snooping around for investments back home as well. Get your database out, make those calls and you could be laughing all the way to the bank if your real estate project caters to NRI tastes.
See? We make complex deductions so easy! Send us some money then. Pronto. That info was expensive! ;)
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