6 Reasons to Buy a Home on Akshay Tritiya
Last Updated on, April 18, 2023
Akshay Tritiya, also known as Akha Teej is a popular festival celebrated in India every year on the third day of the Vaisakha month. In recent years, Akshay Tritiya has gained significance as an auspicious day to invest in property. It is believed that any investment made on this day will bring in financial stability and long-term profits.
Buying a home is the most important investment you can make in life, and hence it is no surprise that people choose to buy a home on Akshay Tritiya. It is considered one of the auspicious festivals, as any investment made on this day is considered good fortune.
The primary reason people invest in property on the eve of Akshay Tritiya is because of its sanctity. It is one of those rare auspicious days in Hindu calendar when you do not have to search for a “shubh muhurat”. Akshay Tritiya is associated with Goddess Lakshmi, hence this day is so sanctified that any investment made on this day will bring in wealth and abundance.
2. Good Discounts & Deals
Since the demand is high during Akshay Tritiya, developers are also finding ways to make the most of it and increase their sales. Hence, many developers offer good discounts or gifts to attract buyers. Offers like low or no stamp duty, gold coin on booking, or upfront discounts are quite common during Akshay Tritiya.
At Marathon, we have plenty of offers for Akshay Tritiya across our projects. You can book a commercial space at Millennium with NO GST. At Marathon Nexzone, Panvel’s finest township, you can book a flat and get gold worth INR 1L. We have launched the sixth edition of Neohomes – Narmada, Neovalley, you can visit the site and get exclusive launch offers. Pay NO STAMP DUTY on home buying at Sunset Gardens, Mulund and Marathon Nexworld, Dombivli.
3. Efficient Tax Planning
Akshaya Tritiya usually comes in April or at the start of May. By purchasing a home during that time, you can avail plenty of tax benefits such as deductions on home loan interest, deductions on principal repayment, deductions on registration fee and stamp duty, and deductions on property tax. Buying a home on Akshay Tritya can help you avail of these tax benefits from the start of the financial year, which can help you plan your finances better.
4. Plenty of Options
Akshay Tritiya is a time for builders and developers to launch new properties. This can result in a larger number of properties being available for purchase, giving homebuyers a greater choice of properties to choose from. The increased availability of options during Akshaya Tritiya also results in a more competitive market and potentially lower purchase prices.
5. Flexible Payment Plans & Low EMI
Many developers also offer flexible payment plans, such as no-interest EMIs or low down payment schemes. This reduces the loan on home buyers and helps them plan their finances better.
6. Family Tradition
For many families, buying a home on Akshaya Tritiya is a tradition that has been passed down through generations. It can provide a sense of continuity and connection with one’s cultural and familial roots.
While these reasons may not be applicable to every individual, they are certainly worth considering for those who are in the market to buy a home. Overall, Akshaya Tritiya can be an ideal time to purchase a home, but it is important to remember that one should make the decision based on their financial situation and needs.