Akshaya Tritiya is an annual springtime festival also known as Akti or Akha Teej, named after the third lunar day of the Vaisakha (spring month), it is on this day that both, the sun and the moon are said to be at their planetary best. Akshaya Tritiya means “ never-ending prosperity” Thus this day is of great value in the Indian tradition, Akshaya Tritiya is considered an auspicious event for new ventures and investments such as gold and property.
Buying a home is considered as a lifetime investment, making Akshaya Tritiya a perfect time to invest in property, not only because of the belief that the value of investment made in new ventures, gold, and property on this occasion would surge in the future but there are several other reasons why one should invest in property this Akshaya Tritiya.
Due to the covid-19 pandemic, Indian real estate market has taken a step back as India goes under complete lockdown, impacting property rates and real estate investment. Today home buyers may be able to get a home of their choice for a much lesser amount, as compared to property rates three to four years ago, as builders offer lucrative deals and subvention schemes to lure investors and home buyers.
Purchasing a home today comes with a lot of tax benefits; cuts in repo rates have made home loans much cheaper; also the market is low due to the covid-19 pandemic, making this a perfect opportunity for home buyers to get the best deals and schemes.
There has always been a discussion about investments in gold vs property, one might think of gold as a lucrative option but once you see the complete picture, one might feel like changing their opinion. Investments in gold are much more volatile as compared to real-estate, and with the new rera rules and government schemes, the real-estate market is much more steady and is bound to increase gradually. While Purchasing a property several tax benefits roll in which is not true in the case of gold; gold offers minimal gain with fluctuations in return whereas property can generate a regular rental income and is a very good long-term investment. It is easy to mortgage property and generates liquidity. Investing in property leads to growth and creation of wealth whereas gold is just stocked wealth. Property rates are at their lowest point making it the best time for property investment.