Why is “Akshaya Tritiya” the Perfect Time to Invest in Real Estate?
Akshaya Tritiya is more than just a date on the Hindu calendar—it's a beacon of good fortune and prosperity.?
Traditionally associated with eternal success, this day is considered highly auspicious for purchasing assets, especially real estate. Real estate developers and financial institutions recognize the cultural and spiritual significance of this day, presenting exclusive deals and incentives that make homeownership more accessible and appealing.
On this special day, developers ensure that their offerings resonate with the expectations of homebuyers, emphasizing properties equipped with modern amenities, superior connectivity, and a promise of a high-quality lifestyle.?
"We engage deeply with our clients to understand their needs, which helps us tailor our properties to suit their dreams, especially on Akshaya Tritiya," explains Tikshnagat S Waghmare, CEO of a leading real estate development firm.
"The auspiciousness of Akshaya Tritiya certainly attracts buyers, but it should not deter them from exercising due diligence. It’s essential to thoroughly verify the property's legal status, the credibility of the builder, and the terms of the sale before finalizing any transaction," she states.
Home Buying Trends on Akshaya Tritiya
Akshaya Tritiya sees a significant uptick in property sales, with many opting for real estate over traditional gold investments.?
"The trend is particularly notable in major urban centers, where women, often key decision-makers in households, prefer to invest in real estate on auspicious days”.
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Special Offers and Incentives
Akshaya Tritiya is a prime time for buyers to benefit from various offers rolled out by developers. These may include discounts, flexible payment schemes, and complimentary benefits like premium home fittings or access to exclusive amenities. "We aim to make the purchasing process as rewarding and straightforward as possible, ensuring buyers feel they have received the best value for their investment," Waghmare notes.
Navigating the Homebuying Process
Sidharth Parakh, a seasoned chartered accountant at Kala Parakh and Farishta, advises, Ensuring the builder’s reputation is solid, and always involves a competent lawyer to perform a comprehensive property evaluation. Familiarize yourself with the Real Estate (Regulation and Development) Act (RERA) declarations by the builders and take full advantage of the festive offers.
Financial Considerations
The financial aspect of buying a home during Akshaya Tritiya can't be overlooked. Favorable loan terms and potential tax benefits can make investing during this time particularly advantageous.
Assess your loan repayment capacity thoroughly and consider loan insurance for added security. Understanding all financial terms and conditions is crucial to making an informed decision," suggests Parakh.
As we celebrate Akshaya Tritiya, let's embrace the opportunity to secure not just a property, but a prosperous future in a home that reflects our dreams and aspirations. This Akshaya Tritiya, step into the home you've always wanted and cherish the joy of a wise and fruitful investment.