Dussehra Brings a Surge in Sales for Jewelry, Electronics, Real Estate, and Vehicles in Aurangabad
The festive spirit of Dussehra has boosted sales across various sectors in Aurangabad, including jewelry, electronics, real estate, and vehicles. Transactions worth crores of rupees were recorded, driven by positive economic indicators and favorable weath
DussehraAurangabadReal EstateElectronicsJewelryReal EstateOct 14, 2024
Customers started flocking to the markets in the afternoon after performing their puja at home. Despite the high gold prices, jewelry showrooms saw a huge influx of shoppers, particularly women. New jewelry stores that recently opened in the city also contributed to the high sales. Most customers preferred branded jewelry, and the purchasing activity in large showrooms extended well into the night. According to the jewellers' association, transactions on Saturday were estimated to be around Rs 10 to 12 crore.
The electronics market also saw a significant boost. Customers were particularly inclined to purchase big televisions, the latest mobile phones, fridges, ACs, washing machines, music systems, and other gadgets. The festive mood and special discounts offered by retailers played a key role in driving these sales.
The real estate sector reported a notable 35 percent increase in business compared to last year. officials from the Confederation of Real Estate Developers Association of India (CREDAI) attributed this growth to the positive economic outlook and satisfactory rainfall. Customers were booking flats, bungalows, row houses, and plots in advance, viewing real estate as a reliable investment option.
The vehicle market was equally vibrant, with people purchasing both two-wheelers and four-wheelers. Many had pre-booked their vehicles and took delivery on Dussehra. Showroom owners reported that over 2,000 two-wheelers from various companies and around 150 four-wheelers were sold on Saturday. The festive season is expected to continue driving sales until Diwali.
Traders are optimistic that the positive trend in the markets will continue until Diwali, buoyed by the festive spirit and economic confidence. This surge in sales across different sectors is a clear indicator of the robust economic activity in Aurangabad.
Frequently Asked Questions
Why did transactions increase in Aurangabad during Dussehra?
Transactions increased due to positive economic indicators such as investments by multinational companies and satisfactory rainfall, which created a festive and confident atmosphere for consumers.
What sectors saw a surge in sales during Dussehra?
The sectors that saw a surge in sales during Dussehra include jewelry, electronics, real estate, and vehicles.
How much did the real estate sector grow compared to last year?
The real estate sector grew by about 35 percent compared to last year, according to officials from CREDAI.
What types of electronics were popular during Dussehra?
Popular electronics included big televisions, the latest mobile phones, fridges, ACs, washing machines, music systems, and other gadgets.
How many vehicles were sold on Dussehra in Aurangabad?
More than 2,000 two-wheelers and around 150 four-wheelers were sold on Dussehra in Aurangabad.
Related News Articles
Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one
Why Pattaya is the Next Big Thing for Indian Property Investors
A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.