Does The Indian Festive Season Attract NRI Homebuyers?

Anil Pharande, chairman, Pharande Spaces, ponders on how it works for the world of real estate

- Anil Pharande

Most NRIs have families back in India - but even otherwise, most non-resident Indians maintain a deep emotional connection with their homeland. The desire to own property is a defining characteristic of all Indians, irrespective of whether they live and work here or abroad. During the Indian festive season, many visit India to take the plunge.

In India, Navaratri kicks off the festive season, and nine days later, we celebrate Dussehra. Diwali, the highlight of the Indian festivals, comes 20 days after Dussehra. Indians who want to buy homes in the festive season may focus on the primary festival days of Dussehra, Diwali and Onam in South India.

But for NRIs, it is not so much the traditional Indian festive season that is important, but the holiday season.