Track2Realty-Agencies: Buyers flooded the bedecked and glittering markets and shopping malls since early morning on the auspicious occasion of Dhanteras. Hectic buying continued till late evening and pushed overall sale turnover beyond Rs 250 crore on Sunday, Nov 11, according to a market estimate.
Gems & Jewellery segment grossed Rs 50 to 60 crore, electronics Rs 25-30 crore, garments Rs 2 to 3 crore, utensils Rs 2 to 3 crore, automobile sector Rs 35 to 40 crore, real estate Rs 80 to 90 crore and others around Rs 15 crore. Sarafa and posh jewellery outlets witnessed better than expected response from buyers.
“The market response was quite satisfactory. Sarafa alone grossed around Rs 15 crore till evening. Buying is expected to continue till after midnight,” said Indore Sarafa president Hukumchand Soni. Gold, silver coins, diamond pendants, rings etc remained favourite in this segment. The automobile sector also did brisk business. “Our company sold more than 600 cars models in Indore, Dewas and Ujjain,” said Maruti regional manager A Rai.
According to estimates, Indore alone saw sale of 500 four wheelers and 1,500 two wheelers on Dhanteras. Real estate sector otherwise facing sluggishness for long also got a good response as buyers booked residential, commercial and other properties in large numbers. Prominent markets like Sarafa, Siyaganj, Seetla Mata bazaar, bartan bazaar, etc were decorated by traders and these areas remained crowded with hectic shopping. Another small yet important component of the festive market, bartan bazaar also saw brisk sale as revenue aided by 10% price rise surged to almost double from Rs 1.5 crore business of last year.
