‘My husband invests in property during Navratra’
Navratras have always been a very special occasion for my family. My husband, who works with a private company and invests in real estate projects, waits for this period of the year for festive offers. Our first house purchase was in Ghaziabad in 2005 during Durga Puja when my husband got a decent discount from the seller.
We shifted to Delhi from our hometown Jalandhar after a terrible experience when terrorism was rife in Punjab. There was a tragedy in the family when terrorists killed two of our close relatives during that time.
Luckily my husband got a job in a private company in 1990. At that time we were living in a rented accommodation in Model Town, Delhi. Later, we started a factory in Ghaziabad.
We would have bought a house in Delhi but prices grew beyond our reach.
Today, Delhi’s secondary market is unaffordable for a middle-class family. A spacious flat in any good colony will cost more than R1.5 crore to R2 crore. As compared to Delhi, the secondary market in NCR is still affordable. A well-ventilated and spacious ready-to-move-in flat will cost about R60 lakh in Ghaziabad.
I still remember it was the beginning of Navratra in 2007 when we moved into this flat in Gulmohur Enclave, Ghaziabad. It’s one of the biggest group housing societies in Ghaziabad city, which is spread over six acres. About 625 families live here.
This house turned out to be very lucky for us. It made a very positive impact on our life and work. My husband’s business prospects improved a lot and we have a very contented life since then.
Today, buying real estate projects is our primary investment option. Whenever we get some additional finances, we wait for festive offers and invest in good deals.
However, buying property during Navratra has more to do with this being an auspicious occasion. Discounts and freebies don’t matter. Today we have some properties being built which should get us good profits.
—As told to Jeevan Prakash Sharma