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Griha pravesh tips for your new house, this festive season
When it comes to a property investment, home owners are generally particular about auspicious days and performing a griha pravesh, before moving in. We examine the significance of this ceremony and the points to consider Indians are generally particular about shubh muhurats, when it comes to buying a property or shifting to a new house. They believe that performing a griha pravesh ceremony on an auspicious day, will bring them good fortune. A griha pravesh ceremony is performed, when one enters a new home for the first time. “It is important, not just for the owner but also for the entire family,” says Mumbai-based Jayshree Dhamani, a Vastu Shastra and astrology expert. According to Vastu, a house is made up of five elements – the sun, earth, water, fire and wind and the proper alignment of these elements in a house, brings happiness, good health and prosperity. “It is believed that entering a home during an auspicious time, makes life easy and there will be...
Dos and don’ts for investing in later phases of a project
We examine the risks and advantages, associated with investing in phase 2, phase 3 or phase 4 of a project A well-known developer in Gurgaon, who launched a township project in early 2008, announced the second phase of the project in the same township, in the beginning of 2016. As the project was from a reputed developer, it caught the frenzy of investors and prospective buyers, even though the second phase was delayed, owing to the uncertain economic scenario. Impact of the 2008 global financial crisis “There are various projects, which now offer properties in their recent launches, under phase 2, 3 or 4. However, not all of these may be good investment options,” says Atul Dhir, a Delhi-based property consultant. The global financial crisis of 2008, impacted the pace of launches and sales in the Indian real estate market, which witnessed a downward movement, thereafter. Several projects were either stalled or put on hold. While there was some recovery in 2014, paucity...
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