Akshay Tritiya might boost sales in realty: Pawan Kumar Dhoot, Dhoot Group
Akshya Tritiya is an auspicious occasion according to Hindu culture and traditions, to invest in property. It symbolizes opulence and financial growth of an individual. These kinds of prejudices strengthen realty estate developers’ hopes that the industry might see some movement from its stagnant condition as sales are expected to jump a little bit.
Pawan Kumar Dhoot of Dhoot Group elucidates that investing in property has always been seen as an auspicious occasion and Akshay Tritiya pumps up that belief. He goes on to explain, “It is Indian belief that investing in property on the auspicious occasion of Akshay Tritiya, ensures the value of your fortune to escalate with certainty. Our customers in the past have justified this Indian tradition by investing in our projects on Akshay Tritiya only.”
The President of the Estate Agents Association of India, Yashwant Dalal expressed his thoughts on Akshay Tritiya, “The buyer today has a lot of options to choose his property from. Since the demand is very low, estate agents have a lot of free time in their hands. So, they too don’t rush the customers, giving them various choices.”
On the matter of Banks and other financial institutions offering special loans on exclusive interest rates during the occasion, Dalal said, “There are several banks, which are foregoing processing charges and service taxes for certain customers. Also, women customers are known to get loans at preferential rates. This would certainly encourage sales this Akshay Tritiya.”
Some of the leading real estate developers have observed that the depreciation of Rupee has encouraged a number of non-resident Indian customers to invest in Indian property. So, witnessing the investment by NRIs in real estate during Akshay Tritiya is another cherry on the top.