MEDIA COVERAGE
May 1, 2023
Akshaya Tritiya, the Perfect Time to Buy A Property For Lucrative Tax Benefits & Deductions on Home Loan Interest, etc…
Mr Rakesh Reddy, Director , Featured Article ob Property House Magazine
The ever-growing attire of India’s Real Estate sector will only progress further with the arrival of Akshaya Tritiya. Akshaya Tritiya is viewed as an auspicious period to buy a home. Any real estate bought on this day is supposed to bring luck and long-term wealth. Reputable real estate developers during this time offer customer-friendly payment arrangements including price protection plans, cutting-edge payment systems, and even a flat reduction on the price of the property to boost sales in order to attract the expanding demand.
Flexible payment options like deferring your first mortgage payment until you take possession could result in a 10 percent price reduction. During Akshaya Tritiya, even banks advertise special loan terms to encourage home purchases. Overall, there are many options available at reasonable prices.
Akshaya Tritiya typically occurs at the start of the fiscal year in either April or early May. One can profit from many tax advantages by investing in real estate at this time, including deductions for home loan interest, mortgage repayment, registration fees and stamp duty, and property tax. To get more insights into the dynamics of India’s Real Estate market, and its behavior when compared with investments in gold or stocks, click on the link below.
