Dussehra Boosts Transactions in Aurangabad's Jewelry, Electronics, Real Estate, and Vehicle Markets
With positive economic announcements and good rainfall, Aurangabad saw a significant surge in transactions across various sectors on Dussehra. Jewelry, electronics, real estate, and vehicles all saw record sales, with transactions estimated to be worth cr
DussehraTransactionsAurangabadReal EstateJewelryReal Estate MumbaiOct 14, 2024
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.
Frequently Asked Questions
What contributed to the surge in transactions in Aurangabad on Dussehra?
The surge in transactions was primarily due to the positive economic announcements by multinational companies and the satisfactory rainfall, which created a favorable economic atmosphere.
How much were the transactions estimated to be in the jewelry market?
The jewelry association officials estimated transactions to be around Rs 10 to 12 crore on Dussehra.
What types of electronics were popular among customers on Dussehra?
Customers were particularly interested in purchasing big TVs, the latest mobile phones, fridges, ACs, washing machines, and music systems.
What was the percentage increase in the real estate business on Dussehra compared to the previous year?
The real estate business saw a 35 percent increase on Dussehra compared to the previous year.
How many vehicles were sold on Dussehra, and what types of vehicles were they?
More than 2,000 two-wheelers and around 150 four-wheelers were sold on Dussehra.
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