Why is monsoon the best time to buy a commercial property in Navi Mumbai?

Like with most things, there are many misconceptions about buying a commercial office space. It is widely assumed that the monsoon season is an inappropriate time of the year to buy a commercial property. The reason? Relocating during monsoons is a pretty arduous task. While there are some merits to that argument, the benefits of purchasing a commercial property in Navi Mumbai during monsoons far outweigh them. Besides, purchasing a property during monsoons does not mean that you must compulsorily move during that time. You can just book the property and move at a more suitable time, can't you? Besides this fact, there are a lot of other factors (most of which are direct consequences of people refraining from purchasing a property during the monsoon season!) that lend strength to the argument that monsoon is the best time of the year to buy commercial property. Here are some of them:

Attractive prices

What happens when there is a lack of buyers for a particular product for a period of time? The price of that property falls! (Basic economics!) That is exactly what happens when there are few takers for commercial properties during the monsoon. Property owners are forced to slash the price of their property as the number of sellers far outweigh the number of buyers during this period. As a result, you would be in a position to buy quality commercial office space in Turbhe, Nerul, etc. at reduced prices. And we are not talking about small change here, we are talking about saving lakhs of rupees on a property purchase!

Easy availability of loans

Banks and mortgage lenders are perennially on the lookout for customers. And when there is a lack of customers for them, because not enough property deals take place in the monsoon, they slash their interest rates. Besides, you’d have multiple options to choose from as few lenders would deny lending money for purchase or mortgage of commercial office space in Navi Mumbai.

Enough time to scout for the perfect property

Once again as a consequence of the lack of demand for properties, you wouldn’t be under a time constraint for identifying and booking the commercial property of your choice. During the peak demand season, there is always a sense of anxiety that another buyer would purchase your favourite property if you don’t secure it in time. However, there would be no such fears during monsoon. You can take your own sweet time to identify the best property for yourself and arrive at a conclusion after careful scrutinization of the factors you need to analyze before signing on the dotted line. However, for a high-quality commercial property in Nerul such as Vishwa Green Realtors’ Plan S Business Park, there is always a reasonably high demand for an office space for sale. Properties like these tick all the boxes for buyers - affordable prices, perfect location, plenty of facilities and amenities, etc. Hence, it would be advisable for you to book such properties at the earliest after you have analyzed all the documents and factors that you need to.

The 3 factors discussed here provide strong support to the argument that the monsoon is the ideal time for buying commercial properties in Navi Mumbai. So without wasting any time, start scouting for your commercial property now!