People believe that investing in any asset on the holy day of Akshaya Tritiya will come with ample advantages. The term ‘Akshaya’ defines ‘eternal’ and the day is pondered prosperous when it comes to purchasing assets like home or jewelry. In short, this auspicious day is a good time for making an investment. It is believed that on this day, Kuber, the God of Wealth, prayed to Maa Laxmi. And he was offered eternal wealth and opportune by Devi Laxmi. From that day, it is said that people who invest in homes or any other assets, get eternal prosperity and wealth. Since people believe that buying an asset on this day brings luck, they go for purchasing a home with an expectation to reap more benefits in the future.
When pondered its practicality, it is the starting of summer when the schools are closed for a summer vacation holiday. Thereby, the home buyers get a complete month of time for deciding to shift and get a new house to buy.
Let’s check out top reasons for purchasing homes at Akshaya Tritiya:
- Less risk ratio – In maximum places in India, the property prices go down for some reasons instead of increasing. This helps home buyers own a home to purchase on this day. In fact, the deal becomes reasonable by 30% in comparison with the prices all over the year.
- Lucky day for special offers – In India, many real estate builders offer new schemes and special offers associating with payment plans on this day. Hence, this is an ideal time for home buyers to save cash as the property becomes more cost-effective for them.
- Home loans at cheaper rates – You can borrow home loans at cheaper prices this day and this is another purpose why people opt for buying a home on this prosperous day. Furthermore, this helps you receive better returns on investment. It’s a highly advantageous deal.
- Constant cash flow through rental income – Houses becoming cost-effective for the buyers with offers, home buyers can afford it as it makes the best passive earning source. The strategy of producing a steady income, in the form of rent can be implemented.
A home buyer must explore options, depending on the risk capacity, size of the investment, and anticipated returns. Consider the aforementioned reasons and justify why you should buy a home on Akshaya Tritiya over other assets.