Even the most impulsive buyers patiently wait for the right occasion to make the big-ticket purchase, and Akshaya Tritiya is one such occasion.
Be it gold, electronics or a dream home, most of us wait for that perfect deal before deciding to go for that purchase. Akshay Tritiya is one such occasion which is considered to be an auspicious occasion and people look forward to making expensive purchases on this day. Celebrated on the third day of the first half of the month of Vaishakha, the day is indicative of prosperity and success.
What’s better than buying one’s future home on the auspicious occasion of Akshaya Tritiya? On this day, you get some great offerings/discounts on several properties.
Why should you buy a Home on Akshaya Tritiya?
The real estate market is majorly a sentiment-driven industry. Festivals and special occasions are big catalysts that determine the buyers’ buying pattern. Even if you don’t intend to buy a property but you are considering one, several dealers and developers create lucrative deals for you.
- During this time, properties are available at discounted prices. The market is now less competitive, and prices are expected to slowly but steadily increase.
- As we are under lockdown due to the Covid-19 global pandemic, the real estate market is using this opportunity to sell their remaining inventory through virtual tours and attractive offers.
- Investing in real estate also has many tax advantages.
- In terms of their market value, gold, shares and other related financial assets are generally more volatile as compared to real estate.
Know this before buying Gold on Akshaya Tritiya
If you are considering investing in Gold, rather than real estate, then you should make note of a few important things. Firstly, understand that the nation is under lockdown. Even though we have many options to buy gold online, we have always trusted our good-old jewellers (which are currently shut down) when it comes to buying pure gold. Also, know that investing in gold or gold jewellery will invite capital gains tax whereas, real estate investments provide you with income- tax exemptions and other tax benefits. Though gold is easy to liquidate, and real estate is a large investment, it is still ideal for long-term investment which can generate a steady income.
Invest in your Child’s Education Plan
Any venture started on an auspicious day like Akshaya Tritiya is considered to bring prosperity. And, as a parent, investing in your child’s education plans for their promising future is your priority too. As for most investments it is said – Sooner the better. The earlier you develop a plan for your child’s education, the better it is.
Therefore, if you are making a big-ticket purchase on Akshaya Tritiya, considering real estate as an option is good for your financial future. It is not only beneficial from a long-term perspective but also, proves to be a secure option for your future generations.