It's time to take advantage of the Navratras, which tend to spur real estate activity The mild golden sunny days and cool pleasant evenings, pointers

The Navaratras, which began yesterday, usher in the festive season, marked most prominently by Dusshera and Diwali. This time is also considered one of the most auspicious periods in the year.
Many believe that anything that is started during this time is endowed with divine blessings and is beneficial for the people involved. As it is in most spheres of life and business, the effect can also be seen in the real estate market.
Real estate agents feel that property transactions peak with the beginning of the Navaratras and the trend continues right till the end of January. Central Delhi-based Arun Bakshi of Bakshi Estates says property transactions go up by 25 per cent in the period. He feels that this is because most people in the north are deeply religious and revere the Navaratras, which are dedicated to the Hindu goddess Durga. People scout for properties, weeks in advance, and often wait for the Navaratras, Dussehra or even Diwali to get the purchase registered. So, whether it is a residential flat or a row house, a commercial property or even a plot, most buyers prefer to close the deal during this period. Doubly special Prof Hari Har Trivedi, a senior professor at New Delhi's Shri Lal Bahadur Shastri Rashtriya Sanskrit Vidyapeeth, says that among the four Navaratras celebrated during the year, the ongoing Sharad Navaratra is considered the most auspicious.
The four Navratras are: Vasanta Navaratra, which falls in the spring season in the month of Chaitra around March-April, Ashadha Navaratra, also called Gupta Navaratra falling in the Ashadha month during JuneJuly, Sharad Navratra in the Ashvin month (currently on) and the Magha Navaratra, also called Gupta Navaratras, in the Magha month around January-February.
Sharad Navaratra is also called Maha Navratra. This is the busiest period in the property sector in terms of buying and selling, says south Delhi-based property agent G Prabhakar of RL Services in Vasant Vihar.
Sellers too keep the pressure up because they prefer to sell property during this time. Quite a lot of them sell one property and invest the gains in another. Thus it is not surprising that everyone in this sphere -buyer, seller or agent -wants to make the most of this time.
Courtesy ht estate dtd:-09/10/2010
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