Dhanteras 2023: Real estate has always been considered an investment option that provides security to the investor. Gold has historically been used as a hedge against inflation. India has a very old tradition of buying gold on auspicious occasions.
“Dhanteras is India’s busiest gold buying occasion, which truly reflects the broader consumer sentiment and is seen as a strong desire for continued prosperity. Anecdotal feedback from the industry suggests that there is strong interest in gold, although consumers remain very price conscious due to near-term price volatility and appreciation,” said Somasundaram PR, Regional CEO, India, the World Gold Council.
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Investing in real estate has always been popular for individuals looking to secure their financial future, and Dhanteras, an auspicious day in Indian tradition, offers a great opportunity to tap into this market.
According to LC Mittal, Director, Motia Group, one of the significant benefits of investing in real estate is the potential for long-term appreciation.
Unlike gold, which can be affected by market volatility and economic uncertainties, real estate properties tend to appreciate over time, providing a stable and reliable investment option, Mittal added.
“Property can serve a variety of purposes, such as residential, commercial or rental properties, offering investors the flexibility to choose a property type that aligns with their goals and financial preferences,” said Jetaish Gupta, Co-Founder, and director, Adore . Group.
By incorporating real estate into their investment strategy on Dhanteras, individuals can achieve a balanced portfolio.
“Compared to gold, real estate offers the potential for tax benefits and diversification of investment portfolios. Diversification is key to managing risk, especially in uncertain economic environments. Real estate investments can diversify an individual’s investment portfolio, spreading the risk across different asset classes,” said Ashish Aggarwal, Director, Acube Ventures.
Done 2023
Dhanteras, celebrated on Trayodashi or the 13th lunar day of Krishna Paksha, is considered an auspicious day for making new beginnings, buying gold and silver, new utensils, and other household items. On this day, Lord Ganesh, and Goddess Lakshmi are worshiped along with Lord Kubera – the God of wealth – to receive blessings in the form of wealth and prosperity.
Dhanteras marks the beginning of the five-day festival of Diwali. This year Dhanteras will be celebrated on 10 November 2023 (Friday)
According to Drikpanchang, Dhanteras Puja Muhurat – 05:47 pm to 07:43 pm.
Disclaimer: The opinions and recommendations made above are the opinions of individual analysts, and not those of Mint. We encourage investors to check with certified experts before making any investment decision.
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Updated: 10 November 2023, 02:59 PM IST
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