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amitbwadhwani · 4 years

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Why Akshaya Tritiya Is Auspicious For Investment In Real Estate

This year the Akshaya Tritiya falls on May 7th; as the trend suggests the developers are very optimistic of this day. And why not, traditionally, this day is believed to be very auspicious for two reasons, for doing charity and for acquiring or investing in gold and property. Why does this happen!

What is Akshaya Tritiya

Before going further, let’s understand what Akshay Tritiya means and what makes this day so special. Astrologically, it is the third day of the Shukla Paksha of the month Vaisakha. It is on this day that both the Sun and the Moon are said to be at their planetary best. The word Akshaya in Sanskrit means immortal, something that remains forever. And therefore, it is believed that any activity done on this day continues and remains forever. Probably, this is the reason why people started doing charity on this day, and eventually, started investing in gold and properties.

Akshaya Tritiya and Real Estate

The Indian real estate market is primarily sentiment driven. Therefore, an occasion of such importance is bound to impact the sales of properties. As Mr. Prashin Jhobalia, Vice President – Marketing, House of Hiranandani rightly describes, ” Festivals and auspicious days have always been preferred for making important purchase decisions. Most homebuyers wait for such favorable days like Akshaya Tritiya to invest or buy their dream home. Several developers give out exclusive offers and flexible payment plans during this period that makes this occasion even better especially if you are an aspiring home buyer”.

Even the impulsive investors do wait for such occasions. The homebuyers who have finalized the properties but are into wait-and-watch mode also tend to make their decisions on this day. Mr. Abhinav Joshi, Head of Research, CBRE India, explains, “With the auspicious Akshaya Tritiya in the offing, developers are optimistic about increased inquiries and conversions for residential sales. With property prices remaining largely stable across metro cities, traction is expected from fence-sitting home buyers who may be looking at closures on an auspicious day. Developers, on the other hand, are leaving no stones unturned in extending festive discounts and offers to attract home buyers.”

Mr. Mohit Raghav, Managing Director, MMR Group, further explains, “Tritiya means third lunar day & Akshay Tritiya signifies the third day of unending prosperity. Hence, it is a belief among customers that any investment/ purchase made on this day is auspicious & brings prosperity to the family”.

Akshaya Tritiya: An Opportunity for First-Time Homebuyers

Not only the homebuyers, the developers too, wait for such occasions to lure the fence-sitters. Developers know there are buyers in the market, but will they lock-in their projects depends on what all schemes the developers offer to the buyers. In other words, occasions like Akshaya Tritiya allow the homebuyers to negotiate and strike the best deal with the developers. As per Mr. Rahul Grover, President sales & operations, Sai Estate Consultants, “In today’s vast residential market, most Indian buyers prefer an auspicious day to make a home purchase and hence several developers offer exclusive discounts and special schemes during this period. No floor rise charges, monetary gifts, tour trips, flexible payment options, no GST across properties are offered by leading developers, which make it the best time to invest. The sector is relatively stable currently, and we are hoping it will give a much-needed push to the industry ahead of the festive season”.

To encourage the fence-sitters and the first-time homebuyers, developers come up with lucrative schemes. What else a buyer wants! Once he has finalized the property basis his location and other requirements, an added discount is always a bonus. The House of Hiranandani has come up with various offers for their Chennai and Bangalore properties. As Mr. Prashin Jhobalia says, “We are pleased to join the celebrations and offer our customers a luxurious home in our properties in Chennai and Bangalore that provides a blissful lifestyle experience with higher savings. The various attractive offers include flexible payment options, saving on GST, rent and earn option, no floor rise charges among others and these offers vary across properties”. The Thapar Group, which is developing The Arthah in Vaishali, Ghaziabad, are also offering many schemes. Mr. Gautam Thapar, CEO – Thapar Builders says, “Akshaya Tritiya is regarded as a tremendously auspicious time to create wealth. People that were indecisive in the past are more inclined to invest in real estate. Hence, builders attract consumers through significant offers and discounts. We are offering ready to move in home with Occupancy Certificate (OC) at no GST price, one free covered car parking and option to take fittings such as modular kitchen/wardrobes/hob chimney in the price of the unit”.

“MMR Group has also created some discount offers for its customers who plan to invest or book their properties in our signature project “52nd Avenue”. The project offers excellent infrastructural connectivity through road & metro”, says Mr. Mohit Raghav, Managing Director, MMR Group.

Rustomjee Group, one of the leading developers in the Mumbai and Maharashtra region, is also offering a full rebate on GST on its project Rustomjee Urbania at Thane West, this Akshaya Tritiya. Buyers can save up to Rs 15 Lakhs by booking under their ‘0% GST’ offer which is valid for a very limited period on limited stock. Whereas, the Runwal Group, another known name in the real estate business, is offering an Assured Gold Voucher on booking at three of their projects. The projects are Runwal Bliss at Kanjurmarg East, Runwal Forests at Kanjurmarg West and Runwal Greens at Mulund West.

Buy your home this Akshay Tritiya

The selection and finalization of the dream home is a scientific process. It starts with identifying the requirements and preferences like location, size, amenities, surroundings, etc. One should always follow these steps first. However, one should not ignore the freebies and discounts as well. If you have selected the property you want to invest, this is the right time to go ahead with it. Talk to the developer and enquire about the offers and schemes for Akshaya Tritiya. You never know you might get the deal of your lifetime!

This article was originally published in English at www.realtymyths.com

All rights reserved. Any act of copying, reproducing, or distributing this newsletter whether wholly or in part, for any purpose without the permission of Amit B Wadhwani is strictly prohibited and shall be deemed to be copyright infringement.

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goldiraguardian · 2 years

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#IFTTT #WordPress

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swastikainvestmartindia · 3 years

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Know Why is the Price of Gold Rising Amid Inflation and Second Wave of Pandemic in India

Gold, a precious metal, has been an integral part of ancient India. For years, Gold has been considered a symbol of wealth, status and an important part of many Indian rituals. Thanks to the metal’s affluence and its usage, gold has shown a great shielding effect against the uncertain market condition i.e pandemic.

As the 2021 quarter comes to an end, gold hasn’t made a great hit. The precious metal has tumbled 19% from its last August and is back where it was in February last year before the pandemic hit the developed world.

However, as the quarter-end and the pandemic began, the price of gold has subsequently increased. Gold’s price has suddenly increased and it touched an over a three-month peak on Tuesday as the investors have shown a great interest in the yellow metal. Another important cause behind the sudden rise of gold prices is the second wave of the pandemic, rising inflation, and a weekend US dollar that marks investors to make Gold a hedge option.

Also, recently, it has been seen that the gold prices are rising with a decent amount and due to the occasion of Akshay Tritiya, the prices are further increased.

The second wave of pandemic gold prices had faced a slight drop but post-Akshay Tritiya occasion, it is again in the spotlight. That means, the prices have recovered and experts say that it will cross the mark of 50000 in July 2021.

Even though businesses are suffering and the economy is struggling to come to its normal pace, many people are perplexed as to why the gold prices are rising during the weak condition of the economy.

Below are the factors that influence gold prices to a greater extent:

A lot of things has been said about the factors that influence financial markets, many investors are unaware of the rising prices of gold:

Demand and Supply

The demand and supply of gold play a crucial role in rising gold’s price. The inadequate availability of gold increases the demand for gold and hence the prices rise as well as the supply is limited.

Rate of Interest

Gold prices and interest rates are inversely proportional to each other. As interest rates decline, people don’t get good returns. Hence, people are required to split their deposits and buy gold which in turn increases the demand and the price.

Reserves Held by the Government

RBI plays an important role in affecting gold prices. Indian’s government maintains gold reserves. By doing this, the Indian government can buy and sell gold through the Reserve bank of India. If they purchase or sell more gold, the prices would affect the gold.

The market for Indian Jewellery

Many people buy gold jewellery in India and hence the gold price rises during festivals and wedding seasons.

Import Taxes

India’s contribution to global output is observed as less than 1%. Although the country is the second-largest consumer of gold, to meet its metal demand, India also imports a lot of gold from other countries.

Market For Indian Jewellery

The demand for gold rises during the festive and wedding seasons in India as many people wear gold jewellery on occasions. Such things increase the demand for gold which will eventually rise in its prices.

Why are gold prices rising? Key things to know:

The sudden rise in gold prices makes many investors worried. They fail to recognize the real reasons for rising gold prices. Why are gold prices rising? At what time does the gold price rise? Can they invest in gold now or they have to wait for some months?

Investors now, seeking the safest instrument to invest:

Since March 2020, many countries have adopted nationwide lockdown to prevent the spread of Covid 19 infections. It has helped several countries to minimize the spread of coronavirus among people, however, it also caused a lot of economic damage as all the production was closed and imports and exports were cancelled.

To get rid of the tough times of pandemic, people are finding gold as the safest instrument to invest.

Understanding the relation between lockdown and gold price:

When the lockdown had ended in June 2020, many people would think that the businesses would grow faster and the economy would soon recover. Hence, a large number of investors had started investing in high-quality stocks. However, as the myths of economic recovery have faded, people have started to invest in safer options.

As a result, gold prices are rising day by day as the people see it as a natural shield or safeguard against inflation and economic instability.

Should You Invest in Gold Now?

Although increasing demand for gold prices indicates strong demand for gold jewellery, experts believe that the gold prices will reach up to 65000 per 10 gram in the upcoming years. The reason behind the rising demand for gold depends on a lot of factors such as low interest rates, liquidity and availability.

Is it a good time to invest in gold? Well, the answer heavily depends on how you see the market. If you think that the economy will take a long time to recover and the interest rates will remain low for a long duration; investing in gold is considered a good option.

However, if you think the economy will soon recover and the industries will receive a heavy boom, then you need to look for other investment options i.e stocks.

The Bottom Line

As the gold prices are rising day by day, it catches the investors attention. As a result, many investors have started to invest in gold considering it as the safest instrument.

However, it is also crucial to think of all the other investment options before making any decision. Hence, before jumping on board, please make sure that your investments flow parallelly with your portfolio, investment strategy and risk tolerance.

Therefore, it would be ideal to have a clear understanding of all the situations before investing.

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starsgyan · 3 years

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know about akshaya tritiya

One of the most important days in the Hindu calendar is the Tritiya Tithi of Vaishakha, Shukla Paksha. Hindus remember Akshaya Tritiya, a festival with a profound meaning.

It is also the beginning of the Treta Yuga on this day.

This isn't the end of the significance list.

According to legend, on Akshaya Tritiya, the mighty and celestial river Ganga descended on the earth at King Bhagiratha's request to assist his ancestors in attaining Moksha (salvation).

Shri Krishna is also associated with this auspicious day. Sudama, Shri Krishna's poor Brahmin friend, arrived at his palace with a fistful of flattened rice on this day. Shri Krishna welcomed his humble offers with open arms and lavished wealth on his friend. As a result, it was on this day that Sudama's fortunes changed and he became rich.

Shri Krishna rescued Draupadi and the Pandavas from Sage Durvasa's wrath by transforming their empty food pot into an Akshaya Patra, according to another legend (a vessel with an endless supply of food).

Last but not least, on this day, Ved Vyasa told Lord Ganesha the Mahabharata.

As a result, Akshaya Tritiya is extremely important. On this day, people buy gold or other precious metals or start a new business in order to continue rising and living a comfortable life. People pursue spiritual enlightenment in addition to material comforts. To seek Almighty's blessings, some people perform Japa, Yagya, or Havan and give away food or necessities in charity.

Some Akshay Tritiya rituals include lighting a cow ghee lamp in front of Maa Lakshmi and chanting the Kanakdhara Stotra or Sri Suktam if you are in financial difficulty.

- In front of Lord Vishnu, chant Vishnu sahastranaam for overall happiness.

- Repeat the Ram Raksha Stotra or the Mahamritunjaye mantra if you're sick.

𝐓𝐡𝐢𝐬 𝐝𝐚𝐲'𝐬 𝐦𝐚𝐧𝐭𝐫𝐚 𝐢𝐬 𝐞𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞.

(1) Om Shreem Hreem Shreem Kamale Kamalalaye Praseed Praseed,

Om Shreem Hreem Shreem Mahalakshmaye Namah.

(2) Om Namo Bhagwate Vasudevaye.

(3) Om Shreem namh.

Akshaya tithi is considered to be the most auspicious tithi of every samvatsar.

There is an astrological significance attached to it, where it is believed that on this day Sun and Moon both are exalted in Aries and Taurus sign respectively.

The fact that the Sun and Moon are both exalted in the Aries and Taurus signs on this lucky day has astrological meaning.

The Sun represents the spirit, while the Moon represents the mind and emotions, implying that when our soul, mind, and emotions are in good shape, whatever we do has a good chance of succeeding.

People hold a strong belief system that Maa Laxmi blesses if you buy gold, silver, and other valuable ornaments.

When millions of people come together with such a positivity of mindset whole environment gets surrounded by high positive vibrations. This day each rashi is blessed in a very beautiful way.

Any initiative taken on that day, or something purchased on that day, is deemed lucky, and you can begin any new job without waiting for the shubh muhurat.

But we should not forget how Karma works for each individual, what comes around goes around, so you should be careful when it comes to Karma.

Every good or bad phase at the end in your life comes for a reason, so we should be thankful that we are alive, healthy, and blessed.

𝐃𝐚𝐭𝐞 𝐨𝐟 𝐀𝐤𝐬𝐡𝐚𝐲𝐚 𝐓𝐫𝐢𝐭𝐢𝐲𝐚 𝐢𝐧 𝟐𝟎𝟐𝟏

Akshaya Tritiya will be observed on May 14 this year.

𝐓𝐢𝐭𝐡𝐢 𝐭𝐢𝐦𝐢𝐧𝐠𝐬 𝐟𝐨𝐫 𝐀𝐤𝐬𝐡𝐚𝐲𝐚 𝐓𝐫𝐢𝐭𝐢𝐲𝐚 𝟐𝟎𝟐𝟏

The Tritiya Tithi starts on May 14 at 5:38 a.m. and finishes on May 15 at 7:59 a.m.

𝐏𝐮𝐣𝐚 𝐒𝐡𝐮𝐛𝐡 𝐌𝐮𝐡𝐮𝐫𝐚𝐭 𝐟𝐨𝐫 𝐀𝐤𝐬𝐡𝐚𝐲𝐚 𝐓𝐫𝐢𝐭𝐢𝐲𝐚 𝟐𝟎𝟐𝟏

Since the entire day of Akshaya Tritiya is auspicious, the best time to perform puja is between 5:38 AM and 12:18 PM.

Get online predictions of Astrology, Vastu, Numerology, Tarot and Horoscope reading and matching etc by experienced expert astrologers of Starsgyan.com.

#astrology #zodiac signs #akshaya tritiya #predictions

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