Real Estate Mumbai
Dussehra Boosts Transactions in Aurangabad's Jewelry, Electronics, Real Estate, and Vehicle Markets
By GeoSquare News Desk · Published 2024-10-14
Aurangabad recently witnessed a significant boost in transactions across jewelry, electronics, real estate, and vehicle markets on the occasion of Dussehra. The positive economic atmosphere, driven by announcements of investments by multinational companies and a satisfactory monsoon, has contributed to this surge. Transactions worth crores of rupees were recorded throughout the day, indicating a strong consumer sentiment.
Customers began thronging the markets in the afternoon after performing puja at home. Despite the high prices of gold, a large number of people flocked to jewelry showrooms to make purchases. Many preferred branded jewelry, and the sales continued well into the night. The jewelry association officials estimated transactions to be around Rs 10 to 12 crore on Saturday.
The electronics market also saw a notable increase in sales. Customers were particularly inclined to purchase big TVs, the latest mobile phones, and other gadgets such as fridges, ACs, washing machines, and music systems. The festive spirit and the availability of various deals made the Dussehra weekend a popular time for buying electronics.
Real estate witnessed a 35 percent increase in business on Dussehra compared to the previous year, according to officials from the Confederation of Real Estate Developers Association of India (CREDAI). The growth can be attributed to the positive economic outlook and the good rainfall. Many customers booked flats, bungalows, row houses, and plots in advance, viewing real estate as a valuable investment option.
The vehicle market also saw a significant boost, with over 2,000 two-wheelers and around 150 four-wheelers sold. Customers had booked the vehicles in advance and took delivery on Dussehra. This trend is expected to continue until Diwali, as traders remain optimistic about the market's performance.
Overall, the positive economic climate and the festive spirit have combined to create a lucrative environment for businesses in Aurangabad. The momentum is expected to continue in the coming weeks, leading up to Diwali.