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
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.