• Dhanteras is regarded as one of the most favorable periods for investment in Indian tradition. On this day, individuals make significant investments because it is believed that spending money draws wealth towards oneself, thereby fostering prosperity. Consequently, making substantial investments, such as purchasing a home, is quite popular on Dhanteras. If you intend to purchase property this Dhanteras, we have some excellent advice for you. Continue reading to find out more.

Reasons why Dhanteras investments are favored

There are numerous reasons why individuals prefer to invest in a home during Dhanteras. Here are a few of them:
1. Culturally and astrologically significant
Primarily, Indians hold the belief that Goddess Laxmi blesses them and aids in enhancing their wealth if they invest on this day. It is celebrated as one of the most sacred days of the year and Laxmi Puja is observed in many homes. To mark the occasion, people think about making large investments, such as acquiring a house. Furthermore, individuals also engage in such investments as it is astrologically auspicious to do so. Astrology holds significant value in India, and many people make their crucial life choices, including home acquisitions, based on astrological analysis. According to astrology, the stars and planets align ideally to create the best ‘muhurat’ for purchasing a house on this day. Therefore, it is customary to witness numerous homes being bought during Dhanteras.

2. Great deals and discounts
You can find some incredible deals and discounts on Dhanteras. As it is one of the most favored times for real estate investments, builders provide attractive deals and discounts to entice customers and maintain a competitive edge. You will encounter various offers such as discounts, reductions in processing fees, lower interest rates on home loans, and more. Most home buyers seize the opportunity enthusiastically and acquire their ideal homes on Dhanteras. Consequently, an increase in real estate sales is observed at this time. In addition to home sales, home insurance plans also experience high demand, as individuals prefer to safeguard their new, valuable homes with optimal insurance coverage.

3. Symbol of long-term prosperity
Making a significant investment on Dhanteras represents a call for wealth and food fortune to come to you. Since a house is not something you change frequently, it serves as a prudent item to purchase on this day. A house bought on Dhanteras is perceived as ‘Shubh’ or fortunate, and those residing in it are anticipated to be endowed with goodness and prosperity for an extended period. Thus, we see individuals lining up to acquire property during this exceptionally special and auspicious occasion.
Now that you understand why Dhanteras is an excellent time for home purchases, you may also wish to consider acquiring your next property on this sacred day. However, while doing so, you must remain cautious.

Points to keep in mind when purchasing a house on

As stated earlier, purchasing a house demands thorough analysis and investigation. From obtaining the ideal policy to securing it with the most suitable property insurance plan, you should prioritize what’s best for your financial portfolio. Here are some useful tips to keep in mind:

1. Evaluate your needs
Right from the beginning, you should create a list of your needs. Each individual has distinct home requirements. From choosing the most appropriate location to setting the right budget, from comprehending the suitable size to selecting the type of property, you must be very clear about how your home would appear. Once you are aware of what you specifically desire, you will be able to focus on your dream property and purchase it on Dhanteras. Assess your needs, discuss them with your family members and then reach the final conclusion.

2. Conduct thorough research
It is essential to conduct thorough research prior to embarking on your home shopping. This is one of the primary necessities and it guarantees you discover your ideal abode. Investigate the area where the property is located. Additionally, gather information about the builder, price fluctuations, and all other relevant details. You should also verify that all the documents and other legal requirements are in order. Research the home loan options available to ensure you secure the best interest rates. Complete all the research well ahead of time to facilitate a smooth house purchase during Dhanteras.

3. Avoid hasty decisions
You must take your time when purchasing a home. This is likely the largest investment of your life, so avoid rushing. Acquiring a property should never be a last-minute choice. Therefore, you need to be prepared for it well ahead of time. Do not make the error of selecting a house on the day of Dhanteras due to factors like luck or prosperity, or because you wish to take advantage of the builder’s offer. If you hurry, you will almost certainly make some mistakes that could be very expensive in the long run. Hence, evaluate your needs, conduct your research, find the ideal house, and then proceed with the payment on Dhanteras.

4. Seek professional guidance
It is beneficial to obtain professional assistance during your home-buying journey. Hire the services of a certified and reputable broker who can provide you with proper guidance. Also, if you are basing your purchase on astrology, make sure to consult a certified astrologer who can assist you in selecting the right property. This is vital as a home represents a significant long-term investment.

5. Be prepared for the future
Be prepared for the future when purchasing a house. Select a location that is either fully developed or is on the rise. Pay attention to connectivity, convenience, and proximity to educational institutions, medical facilities, etc. You must opt for a house that is likely to increase in value. If you are young and single at present, do not overlook the reality that you may have a family in the coming years, so consider the requirements of your future family when choosing your forever home this Dhanteras.

6. Obtain insurance coverage
Lastly, remember to insure your new home. A home insurance policy is an essential type of general insurance that aids in securing your property against various risks such as damage, fire, theft, etc. You may also discover additional features in your home insurance policy, like coverage for valuables and gold insurance. Seek the most suitable plan to protect your dream home adequately.

To conclude

With Dhanteras approaching, now is an ideal time to strategize your home-buying journey. Conduct your research, outline your requirements, and create a feasible budget. Once you have that in place, filter the properties that align with your needs and desires. Seek professional assistance if necessary and complete the process smoothly this festive season.

Disclaimer: The information provided above is for illustrative purposes only. For further information, please consult the policy wording and prospectus prior to finalizing the sale.