The realty ‘holiday’ period begins
With the beginning of Shradh on September 8, real estate activity is expected to come to a standstill
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.