It’s the sea­son of bless­ings

Most peo­ple be­lieve that the fes­tive sea­son is the best time to start a new project and buy prop­erty

HT Estates - - Front Page - Arati Bhar­gava

The prop­erty mar­ket comes to life dur­ing this time of the year. The nine days of one of In­dia’s ma­jor fes­ti­vals, Navra­tra (nav is nine and ra­tri is night), ob­served from the first day of the wax­ing moon in the lu­nar month of Asvin that falls in au­tumn, is con­sid­ered very aus­pi­cious. It marks the be­gin­ning of the fes­tive sea­son which in­cludes Dussehra, Di­wali, Christ­mas and the new year. This year it be­gins to­day, on Oc­to­ber 16 and is con­sid­ered a highly aus­pi­cious time for buy­ing land, prop­erty and ma­te­rial goods.

Ac­cord­ing to Del­hibased as­trologer Shashi Prakash Walia, the nine days are charged with wor­ship of God­dess Durga or Shakti in her nine forms. It is felt that any pur­chase made or ven­ture launched dur­ing this time has divine bless­ings. As­trologer KN Rao says that it’s the busi­ness and pan­dit classes that have given the Navra­tras the “greatly aus- pi­cious pe­riod” tag. There is no men­tion in the shash­tras of any sale or pur­chase get­ting divine bless­ings. It’s just that prayers and de­vo­tion to god have spe­cial mean­ing in this phase, he says.

Real es­tate agents spo­ken to fully en­dorse the view that the pe­riod is one of the busiest in terms of prop­erty and land deals. HS Sahni, a prom­i­nent prop­erty agent for Niza­mud­din and neigh­bour­ing ar­eas who has been in this busi­ness for over 25 years, says peo­ple pre­fer to buy prop­erty dur­ing this pe­riod. There’s a mas­sive rush in the of­fices of the sub-reg­is­trars, where the sale and pur­chase of prop­er­ties are reg­is­tered. This is in sharp con­trast to the fort­night of pitra­paksh just pre­ced­ing Navra­tras, when the real es­tate busi­ness is com­pletely dull.

The flip side to all of this is that as many peo­ple want to buy prop­er­ties now, many own­ers jack up the prices of their prop­er­ties, hop­ing for prof­its.

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