Akshaya Tritiya is believed to be auspicious for the creation of wealth and good fortune. The day is particularly considered auspicious for buying long term assets like gold and silver, including ornaments made of the same, diamond and other precious stones and the real estate.
The Akshaya Tritiya festival is one of the most auspicious days of the year to buy the yellow metal in the world’s largest gold market, as Hindus believe they can get lasting prosperity by buying precious metals on the day.
Akshaya Trithiya real estate another trend in real estate India. The property market in many locations sees increased activity during festivals like Akshaya Tritiya. Developers are well aware of this and seek to capitalise on these sentiments via increased marketing efforts. In that respect, festivals like Akshaya Tritiya can act as a powerful market force.
The word Akshaya, a Sanskrit word, literally means one that never diminishes, and the day is believed to bring good luck and success. The legend states that any venture initiated on the auspicious day of Akshaya Tritiya shall continue to grow and bring prosperity. Akshay Tritiya is auspicous for all sacred deeds or punya karya.
In 2011, the date of Akshaya Trithiya is May 6, 2011 and people have already started booking their gold and properties for buying them on Akshaya Trithiya Day.