It has been observed that during all auspicious occasions, the number of people interested in purchasing real estate increases dramatically, particularly Akshay Tritya.
Tritiya is the third tithi of the month, and Akshaya refers to something that never diminishes in Sanskrit. Hindus and Jains consider this day to be auspicious for making investments of all kinds, particularly in gold and property.
“Akshaya Tritiya” is one of the most auspicious days for Indians because it is believed that if you make an investment or purchase on this day, it will grow steadily and provide maximum returns for a longer period of time. Most people believe that Akshaya Tritiya is the best day to purchase a home.
Reasons to Invest in Real Estate on this Special Occasion:
Lucky Day
We Indians wait for the right time and day to make big decisions, and Akshaya Tritiya is no exception. According to the adage, if you buy space to generate revenue, buying it on this day will keep the revenue coming in for a longer period of time.
DISCOUNTS AND SPECIAL OFFERS
Because Indian real estate players understand their customers’ purchasing habits, they offer special discounts and devise various schemes to entice and persuade them to invest. And, at times, these offers are too good to pass up. Some exchanges provide no or low-interest rates for the first few years of ownership.
RISK-RATIO
For the past few years, India’s real estate market has been less volatile and has provided consistent returns. This is an excellent time for both experienced and first-time investors to consider purchasing a residential property. Before investing, it is best to wait until the market has stabilised. Otherwise, you will miss out on an opportunity that could have benefited you.
An investment that fetches long-term benefits
There are many advantages of investing in real estate. Investors can enjoy predictable cash flow, excellent returns, tax advantages, and diversification with well-chosen assets—and it is possible to leverage real estate to build wealth. Investing in a commercial property provides you with a source of passive income in the form of monthly rentals, and the tenant also keeps the property in good condition. Investors have always claimed that their investment in Real Estate.
Tax advantage
Taxes are one of the most costly expenses for any business, let alone a real estate investment firm. There are, however, ways to offset the tax loss through real estate. Rental homes, apartments, vacant land, commercial buildings, industrial, shopping centres, and warehouses all qualify for tax breaks.
Less volatile
Real estate investors can earn income in 2 ways: from ongoing cash flow generated by income or from a percentage of the final sale price of the property. Property values rise and fall during market cycles, but they tend to appreciate over time. Volatility will affect every investor, but real estate investments can be a valuable addition to your investment strategy and help protect your overall portfolio from the effects of volatility.