At a time when the severe second wave of Covid-19 and lockdowns have halted economic activities, developers expect that the traditional housing demand during ‘Akshaya Tritiya’ would somewhat lift the spirits in the market and improve sales.
The occasion is considered to be auspicious for buying homes.
Aditya Kushwaha, CEO & Director at Axis Ecorp, said: “Days such as Akshaya Tritiya hold sentimental value for people and in this pandemic, people have started giving greater importance to these values. Traditionally, it is believed that if you invest in property on this day, its value will appreciate for sure in due course of time.”
Noting that the sales momentum has gone down amid the second wave of Covid, he said that although a significant spike in the sales is not expected, but people who had been holding off their decision to buy a house may use this opportunity to make the purchase.
“As real estate companies are offering lucrative schemes, this may incentivise people planning to buy a house to close transactions,” Kushwaha said.