Akshaya Tritiya 2024: Don’t Miss Date, Puja Muhurat, & Why It Is Celebrated?

Akshaya Tritiya is highly sacred day for Jani and Hindu communities spread all across the globe. It has emerged as one of the most auspicious days and celebrated all over India with great enthusiasm and fervor. This year Akshaya Tritiya, popularly known as Akha Teej, will be observed on May 10, 2024.

Significance of Akshaya Tritiya

Scores of people all across India prefer to buy gold, silver ornaments, and other precious metals on Akshaya Tritiya. There is a strong belief that things purchased during this period will be of great eternal value. Many people also donate money to poor and needy on Akshaya Tritiya and begin auspicious things that may include starting new venture or buying a new property or vehicle. It is because starting new ventures and buying precious metals or property are considered auspicious on this day.

According to our ancestors, there is a saying that anything started on Akshaya Tritiya will become indestructible and finally flourish with time. As per the age-old belief, investing in gold is considered to be highly profitable on Akshaya Tritiya as it will most probably yield good returns.

Akshaya Tritiya has also got significant religious importance as well. It happens to be the birth date of Lord Parashurama, one of the ten Dashavataras of Lord Vishnu. It is the beginning day of Treta Yuga post Satya Yuga. It also happens to be the day when Sudama offered Aval to Lord Krishna, who ultimately blessed him with generous wealth and happiness. Lord Krishna offered Akshaya Patra to Draupadi when the Pandavas began for Vanavasa, so that they can always have abundant food.

There is a belief that on Akshaya Tritiya, Lord Kuber was blessed by Lord Shiva and Lord Brahma and gained a new kingdom by the name Alkapuri. Therefore, people purchase gold ornaments and properties in the name of Lord Kober as they believe it to be a holy day.

Akshaya Tritiya 2024: Date & Time

Akshaya Tritiya Tithi will start on May 10, 2024 at 4:17 am and it will end on May 11, 2024 at 2:50 am.

Akshaya Tritiya Puja Muhurat

The Akshaya Tritiya puja muhurat will begin at 5:13 am and will last till 11:43 am.

Shiv Parekh, Founder & CEO, hBits spoke on key things to consider when investing in real estate this Akshay Tritiya', "Akshaya Tritiya is considered to be auspicious, and people believe that starting new ventures or investing in new opportunities on this day will bring them prosperity and good luck. A lot of individuals consider this day as an ideal time to invest in real estate for long term gains. Unlike traditional times when the focus was primarily on residential properties, we are witnessing a paradigm shift among investors as they now consider investments in commercial real estate to offer enhanced stability and promise capital appreciation.

There are certain factors that individuals must consider before investing in real estate this Akshay Tritiya. Investors should keep in mind that while short term gains might look attractive, prioritizing long term gains is of prime importance when investing in real estate. Additionally, investors must assess factors such as type of property, location, infrastructure development, demand-supply dynamics etc. before finalizing an investment."

Besides, the amendments to the REIT (Real Estate Investment Trusts) regulations by SEBI and the establishment of guidelines with a reduced minimum investment threshold to INR 10 lakhs, has further instilled confidence among a large pool of investors. Investing in Grade A office spaces with verified tenants are now witnessing an increased demand, as it helps individuals to co-own high-value properties that were previously priced out of their reach.Fractional ownership of commercial real estate allows consistent income, asset security, liquidity, tax advantages, and ease of ownership, and can be a good alternative for individuals looking to make an investment in real estate this Akshay Tritiya, added Shiv Parekh.