The realty ‘hol­i­day’ pe­riod be­gins

With the be­gin­ning of Shradh on Septem­ber 8, real es­tate ac­tiv­ity is ex­pected to come to a stand­still

HT Estates - - FRONT PAGE - Arati Bhar­gava

It’s that time of the year again. Prop­erty trans­ac­tions will soon come to a vir­tual halt as the Pitri­paksh or the Shradh pe­riod be­gins next Mon­day, from Septem­ber 8, when most Hin­dus pray for the de­parted souls of their an­ces­tors. They also per­form pi­ous acts like feed­ing and donat­ing alms to the needy, hop­ing that the pos­i­tive en­er­gies from such deeds will bring peace and sal­va­tion to the spir­its of the dead.

As the Pitri­paksh days are ded­i­cated to those who have passed away, it is be­lieved that noth­ing aus­pi­cious should be done at this time. Quot­ing from the Narad Pu­rana, RL Dwivedi, who heads the east Delhi chap­ter of the In­dian Coun­cil of As­tro­log­i­cal Sciences, ad­vises that no aus­pi­cious ac­tiv­ity be car­ried out dur­ing the Shradh pe­riod. Launch­ing of new projects, build­ing homes or buy­ing or sell­ing prop­erty at this time should also be avoided. That said, peo­ple avoid even ren­o­vat­ing their homes in this phase.

The Shradh for most real es­tate agents, means a long break. Capt IPS Sab­har­wal of The Shel­ter in Vas­ant Vi­har says that the real es­tate mar­ket, al­ready go­ing through a quiet phase, is hardly ex­pected to see any move­ment now with vir­tu­ally nil queries.

Har­bir Singh Chauhan of Best Prop­er­ties in the Ka­mala Na­gar area, says that the trend of buy­ers not ne­go­ti­at­ing any kind of prop­erty deal is be­com­ing in­creas­ingly pro­nounced. Peo­ple have be­come highly con­scious of good luck fac­tors and aus­pi­cious times. When they want to buy or rent a prop­erty, they also check if Vaastu prin­ci­ples are be­ing fol­lowed and if the tim­ing of the trans­ac­tion is aus­pi­cious. With Pitri­paksh round the cor­ner, real es­tate agents have vir­tu­ally de­clared a hol­i­day and Chauhan says he, too, is plan­ning to visit his an­ces­tral home in Bu­land­shahr.

Shradh dates back to an­cient times. It gen­er­ally falls in the month of Septem­ber or Oc­to­ber. This year the Pitri­paksh is from Septem­ber 8 to 24.

It is a 16-day pe­riod be­gin­ning on the full moon day fol­lowed by the wan­ing moon fort­night of the Hindu month of Ashvin. While mostly it is the el­dest son of the de­parted ances­tor who per­forms the rit­u­als of Shradh, now oth­ers in the fam­ily are also join­ing in and pray­ing for the souls of their an­ces­tors.

The wait for the for­tu­nate aus­pi­cious time for prop­erty trans­ac­tions ends when the Navra­tra be­gins.

THINKSTOCK

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