We all know that Akshaya Tritiya is an auspicious occasion for buying gold and making such other investments. This day is considered auspicious for both donations and investment, Akshaya Tritiya is one of the three most religiously significant days in the Hindu calendar.
Homebuyers, looking for property, can make a purchase on this day and those, who have already bought a property, can do the Griha Pravesh ceremony on this day.
Reasons to buy a home during Akshaya Tritiya
Free goodies: Some developers are offering discounts on the base price. Some builders are offering freebies such as modular kitchen, electrical appliances, woodwork furnishing, gold coin, vehicle, etc., depending on the ticket size. Homebuyers can select these freebies to bring down the total cost of buying a property.
Lower interest rates: With low-interest rates given by the financial institutions, developers turn up with new schemes in housing projects making it an open wide road for homebuyers with low interest and more alternatives in housing plans.
Less risk-ratio: The property prices in most of the places in India have gone down for certain reasons rather growing. This reason makes it promising for home buyers who are a few steps away from having a property to buy one this year.
It also makes the properties affordable compared to the prices a few years back. The real estate market is now steady with reasonable property prices, so this is the right time to buy a property of your own.
Cities you can invest in this Akshaya Tritiya
Buyers should consider options, based on their investment, expected returns and risk capacity. Big cities and metropolitan regions involve large investment and the returns are comparatively lesser, in comparison to emerging cities, where the investment amount required is low, and the returns are quite higher.
The most attractive cities for investment in property are Pune, NCR, Vadodara, Jaipur, outskirts of Mumbai and all the developing localities where infrastructural development is making a big impact.
Above mention, cities are also attractive because of the rapid acceptance of commercial real estate in these markets. This gives clear signs for setting up of demand for the residential real estate, which normally lags the commercial segment by around one to two years.
