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Home » Finance » Real-estate » The Inevitable Vaastu - A boon or a curse?

daisycoop
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The Inevitable Vaastu - A boon or a curse?

Submitted by daisycoop
Mon, 20 Jul 2009

With the rapidly evolving property market in the country with new technologies over-taking each other at every passing day, buyers look for more smart features in their homes to take care of safety and comfort in a contemporary way. In this age of smart-buyers, are people ready to pay extra for Vaastu compliance? Is it possible that the most intelligent buyer still goes by such beliefs to finalize a bargain? Is it fair to increase/decrease a property's value on this basis? How far would you go to make your home Vaastu compliant is the question. Is it worth the inflation?

More people are concerned about elements of Vaastu as it's the trend of the day in real estate Chennai. Vaastu Shastra is the Indian doctrine to build a perfect home after considering directional alignments. Advertisers are promoting their property with ‘Vaastu' as the highlight feature these days. There are not many ‘Flats for Sale' advertisements we get to see on the newspaper that doesn't have a mention of Vaastu in it! Earlier people didn't have many options in this regard, but now that it's an element that helps win over competition, so most builders offer the same. So now if an apartment in Chennai that is in close proximity to public transport facilities is expensive than the rest, a similar place but with Vaastu compliance becomes even more expensive.

So what exactly is this Vaastu Shastra? It is traditional Hindu architectural designing and the science of construction developed by a saint named Mamuni Mayan. Vastu means an object or a substance and that makes Vaasta a building or a site. Though Vaastu was primarily being used to build temples in earlier days, people all over the world then began to use it as an alternative to Feng Shui. Vaastu believes in the balance of 5 main elements that the world consists of, air, water, fire, earth and sky. The whole concept is based on this balance. The Hindu mythology considers a home to be a human temple, due to which the Vaastu Shastra requires every house to be constructed as spiritual as a temple.

The latest trend catching up the real estate Chennai market is buying a second home and earning through rentals, which has also added up to the increase in Vaastu requirements. This is because people believe that a good Vaastu complaint house will bring in more revenue than the one which is not. People new to Chennai, make good use of the relocation and buy real estate as it is considered a wise investment in the city. It so happens that a good Vaastu house gets almost 20 percent more than a normal non-Vaastu house. The craze is getting to the entire population so much that houses without proper Vaastu don't sell or have to be sold at a loss at most times. People have started rebuilding their houses to correct it according to Vaastu requirements. A house, be it independent or an apartment, first or second, will always be a precious possession and a major investment bought through a person's hard-earned money. No one can let luck play its part by itself and take a chance in this regard. That pretty much answers the questions we had earlier regarding the excess importance stressed over this abstract concept!

 

Metroplots.com - the fastest growing real estate network in Chennai. For more information about Real Estate Chennai, Chennai Properties, and more visit - www.metroplots.com


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