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Indian Real Estate News : Chennai
Industry expecting good sales on Akshaya Tritiya
Source: The Times of India Apr 17, 2014
While Akshaya Tritiya is round the corner, it is one such momentous occasion which is taken into consideration while dealing in property. With sluggish economic phase, real estate industry is expecting high number of transaction on this auspicious occasion which will bring back the eminence in the sector.

Manju Yagnik, vice chairperson, Nahar Group: Akshay Tritiya is one of the auspicious occasions as per the Hindu calendar. Akshay Tritiya is mainly an auspicious time for buying gold but with the changing times, people look out for more returns in investment and thus real estate is another investment that people look out for.

In the past the real estate market has been receptive to this occasion. Both, the developers and the home buyers have shown immense interest in property transactions on this occasion, thereby making Akshay

On this occasion, we can witness number of property deals taking place in Mumbai and areas such as Ambernath, Thane, Navi Mumbai and other cities located on the periphery of Mumbai city.

Hariprakash Pandey, VP-finance and investor relations, HDIL: Akshay Trithiya is considered to be an auspicious day for making important investments in the form of purchasing gold, silver and property. Even developers come up with innovative offers for customers during this day. The occasion holds a lot of importance for first time homebuyers. We have always seen a good response during Akshay Trithiya for our projects. After a lull period, the industry is expecting a good response this Akshaya Trithiya.

Mayur Shah, Managing Director, Marathon Group: Akshay Tritiya is one of the auspicious occasions for Indians when most of them choose to take important decisions in the family. Purchasing a property remains an important decision for many families as prices of properties are not only high but also for many Indian families it is a onetime decision. As Akshay Tritiya is an auspicious occasion, many Mumbai residents prefer purchasing a property on this day. This trend has been popular since past few years since the time the real estate market in Mumbai has witnessed a boom.

Shailesh Puranik, managing director, Puranik Builders: Festivals assume a great significance in India and festive occasions have been some of the most preferred days for investing in property by many Indian families. We are very optimistic for this year's Akshay Tritiya and believe it is certainly going to boost market sentiments in real estate sector. We have received good response during Gudi Padwa and hope to get a similar response during the ensuing Akshay Tritiya.

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