Budget Homes

More housing loans will be sanctioned during festival season in India. September to December is the festival season - A season of purchase and shopping.

Builders will try to capitalize the spirit of shopping spree in this season by giving discount, or not hiking the price. They just want their properties to keep moving.

Relaxed price and a shopping spree will increase sales in Residential realty.

Moreover, when the festival season will be over, end of current financial year begins. So those who invest or buy home now will have TDS in their Form 16 while filing tax return.

Indian Home trade is backed by housing loans. Without housing loans from public sector and private sector banks Home trade will be bleeding. None(salaried person) can buy home without loans. The builders have credited to nationalised and private banks for issuing housing loan to young working couples, who are bonded to pay EMI for the next 15 to 20 years.

So both private and nationalised banks will be busy processing loan forms and issuing housing loans.

September to December is good for all the domestic business activity. Though Indian realty was stuck by recession, Housing realty will emerge again in this festival season followed by end of financial year.