Diwali is considered as an auspicious occasion in India which provides huge opportunities in the real estate market. Although global economic turmoil and fallen rupee appreciation have hugely influenced the overall real estate market of the country, residential real estate has risen in several metro cities in the past three four quarters. Diwali season always fetches high property demands in many cities across the country, but this year the pre Diwali season somewhat went cold with less property demands and comparatively lesser property absorptions across the country.Real estate developers and builders are desperately trying to lure home buyers by availing various discounts and freebies. In past few months, country has witnessed a huge rise in the properties offering discounts and various deals in the country and is expected to increase till the end of the Diwali festival. More than about 400 projects across the country from various cities including major metros like Delhi Mumbai, Bangalore, and Chennai have several deals to offer to the customers.The decreasing property sales over past few months have made developers and builders’ conscious about their projects leading them to provide huge discounts and various deals on properties. Previous festive seasons like Ganapati and Navaratri observed very less absorption across the country, and for developers and builders relying on market sentiments, Diwali is the last chance to sell their project with decent price appreciations.The metro cities haven’t seen any significant appreciation in the real estate, and the trend is common in almost every part of the country. Only few places have witnessed significantly improved scenario with better absorption levels, and property demands like Bangalore. The festive season was expected to provide a boost in real estate demands but till now the season did not provide any respite to developers and builders.Although property demands never observed any hike but falling interest rates for the home loans has brought some respite to the home buyers and in turn to developers and builders. Experts have suggested that lowering interest rates may bring some relief to the real estate market of the country. Tier II and Tier III cities have observed better demands in the real estate market due to the affordable property rates and huge availability of the land parcels in the region.The major cities like Pune, Mumbai, Bangalore and Delhi observed little fluctuation in the property demands due to festival season. The real estate markets of the metro cities are getting property transaction provided that they are aided with good discounts and festival deals. The peripheral real estate sub-markets in the metro cities are much preferred than the main city areas of the metros. In Chennai, higher demand was observed along the Outer Ring road stretch instead of inner main city areas. The situation is same in almost all metro cities across the country.The Diwali season will remain the on the low level of property absorptions with few exceptions of minute fluctuations in various regions across the country. The property market of this festival season is highly influenced by the dark shadow of the global economic turmoil and falling rupee value which has hugely affected the market sentiments, especially the residential market.The major cities like Delhi, Mumbai and Bangalore have a huge inventory of unsold units along with numbers of new supplies on their way to come online, but the decreased demand from end users have burnt the residential real estate of these cities. Real estate would take more time to recover through this sluggish time span, making this Diwali festival a vital step to climb towards better future. займ на карту без отказов круглосуточновзять кредит онлайн