By Runwal Group Posted On May 07, 2019
Category Property investment
Festivals have always been observed as an auspicious time for major buying and investing decisions. The religious and seasonal significance is what propels people to purchase clothes, jewellery and various other assets during this time in the year.
Akshaya Tritiya is one such occasion that is considered the most prosperous day to invest in gold or property. Let’s take a look at what makes Akshaya Tritiya the best time for buying a home.
The word "Akshaya" literally translates to "never diminishing" in Sanskrit. The day signals the start of many events in Hindu mythology.
This is why Akshaya Tritiya is considered the best time to buy gold & property. The festival is an ideal day for new beginnings and business ventures. The day is commemorated by investing or buying something, with the belief that it will bring good fortune and wealth that will last forever.
Policy changes like RERA and GST have brought in more transparency and accountability, encouraging the sentiments of home buyers. The cuts in the GST rate and repo rate have boosted the property market. When you invest in property you can benefit from tax exemptions on home loan repayments. The time and market is favourable for property investments, especially for gaining lucrative returns in the long run.
As homebuyers get geared for Akshaya Tritiya, developers also make the most of this opportunity by offering exciting discounts and easy payment schemes. Even banks offer cheaper home loans to make booking easier for aspiring homebuyers.
These are some of the reasons Akshaya Tritiya is deemed a golden time for investing. On this prosperous day, embrace new beginnings with a new home. You can take a look at the luxurious residential properties offered by Runwal Group, Mumbai’s leading real estate developer.