By Ayushi Ashar

Akshay Tritiya holds deep cultural significance in India, serving as a momentous occasion for families to usher in new beginnings. Preparation begins well ahead as consumers eagerly anticipate this auspicious day for making significant purchases, which are believed to bring blessings and prosperity. Traditionally, gold was favoured, but today, real estate has emerged as a cornerstone investment due to its enduring value and stability. Real estate, for many, is a once-in-a-lifetime purchase, and they choose Akshaya Tritiya to finalise property transactions.

The real estate market has experienced a remarkable surge in recent years, and the upcoming Akshay Tritiya festival is anticipated to fuel this growth further. The first quarter of 2024 has already witnessed a staggering number of property registrations, with January, February, and March recording nearly 11,000, 12,000, and 14,150 registrations, respectively. The auspicious occasion of Gudi Padwa earlier this year spurred an increase in property registrations, and the forthcoming Akshay Tritiya is expected to have a similar stimulating effect on real estate transactions.

Also Read: Akshay Kumar sells his property to Daboo Malik

You May Also Like

CIDCO’s Scheme Receives 92,000 Applications for 26,000 Homes

CIDCO’s “Select My CIDCO Home” Mass Housing Scheme has generated tremendous interest, with 92,000 applications received for 26,000 affordable homes across Navi Mumbai. The registration deadline has been extended to December 11, 2024, providing more time for eligible applicants to secure their chance to own a home in one of the city’s most well-developed locations.

36 Get Keys, 41 Allotted Flats as MHADA Begins Worli BDD Chawl Redevelopment Possession Drive

MHADA kicks off flat possession at Worli BDD Chawl, with 36 residents receiving keys on day one, marking progress in Mumbai’s largest redevelopment project.

Builders not completing Rehab Component on Time may lose FSI of Sale building

Here’s some bad news for builders dealing in redevelopment projects. They might…

Important Ruling for Flat Owners: Bombay HC Says Small Groups Cannot Force Society Split Without Majority Yes

In a landmark verdict, Bombay High Court has quashed orders allowing a few members to split Jay Anand Co-operative Housing Society and take separate land papers, ruling that small groups cannot force bifurcation without 75% majority consent or genuine public interest.