Indian real estate developers have introduced tempting deals in anticipation of the approaching Akshaya Tritiya celebration in an effort to capitalise on the holiday enthusiasm. They anticipate that the incentives will further bolster the buyer sentiment at a time when demand for real estate is already high.

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What exactly is Akshaya Tritiya?

According to astrology, the first tithi of the month of Chaitra, the tenth of the month of Ashwin (also known as Vijaya Dashmi), and half of the first tithi of the month of Kartik are the three and a half tithies (dates) in the Hindu calendar that are regarded as the most auspicious.

Tritiya denotes the third tithi of a month, whereas Akshaya in Sanskrit indicates something that never lessens. Both Hindus and Jains believe that today is a lucky day to invest in any kind of asset, but particularly in gold and real estate. According to legend, investments made on this day would increase in value over time. The occasion, which falls in the Shukla Paksha (the light fortnight) of the month of Vaishakh, is observe for agricultural celebrations across much of the nation.

Akshaya Tritiya is one of the most religiously significant days in the Hindu calendar and is seen as lucky for both giving and investing.

Effect of Akshaya Tritiya on property purchases

“According to popular belief, purchasing gold and real estate on this day ensures future prosperity and wealth. As a result, it is important for the sector because we have seen a rise in sales. Developers also release a variety of incentives to entice purchasers to realise their ambition of owning a home, according to Pritam Chivukula, vice president of CREDAI-MCHI.

According to Himanshu Jain, VP-sales, marketing & CRM, Satellite Developers, “the real estate sector heavily depends on auspicious occasions like Akshaya Tritiya which leads to enhanced buyer activity and property sales.”

Discounts for Akshaya Tritiya in 2023

Shapoorji Pallonji Real estate

The organisation is providing exclusive Akshay Tritiya spot offerings in Mumbai at Joyville Virar. At Joyville Sensorium, Joyville Hadapsar Annexe, and Joyville Sky-Luxe in Pune, there are gold vouchers available.

K Raheja Realty

For the ready-to-move-in residential building Raheja Residency in Malad East, there is a gold coin incentive on all new reservations made through May 31, 2023.

Labdhi Lifestyle

The developer is offering 1 BHK homes as part of its “Munafe ka Mahina” promotion for its Labdhi Gardens project in Neral for a total cost of Rs 25.99 lakh. offering a fully furnished house or a home loan for 5.99%. 10-gm gold with flat reservation on Akshaya Tritiya.

The developer is offering 1RK apartments for their Labdhi Umang project in Neral for a limited time for an all-inclusive cost of Rs 14.29 lakh. Along with the flat, homebuyers have the option of a fully furnished house or an electric scooter. On Akshaya Tritiya, the buyer will also receive 5gm of gold while making a purchase.

Labdhi Lifestyle is having a campaign called “Last Few Units Left” where they are offering 2 BHK apartments for an all-inclusive price of Rs 1.62 crore for their premium building Labdhi Sea Breeze in Wadala. Providing a 10:80:10 flexible payment schedule as well. A fully equipped home or 75 grammes of gold jewellery are available to homebuyers.

Kalpataru

offering exclusive one-day deals on all of its projects in Thane and Mumbai. Additionally providing various payment alternatives and subsidy programmes for its newest developments in Thane and Mumbai.

The Runwal Group

Flexipay options and custom offers are available.

The Siddha Group

Customers who reserve a property in Siddha Sky in Wadala will save up to Rs 10 lakh on their purchase.

Satellite developers

supplying a TVS iQube electric bike with every reservation.

JP Infra, Mumbai

From April 15 to April 30, gold coins weighing up to 25 grammes are being offer with every booking.

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