Ashta Panjami, or Achtapanchami, is a highly auspicious day as per traditional Malayalam Panchangam and Kerala Astrology. Ashta Panchami occurs on the ashtami day (eighth day after full moon) in Chingam month. In 2011, Ashta Panchami date is September 21.
Ashta Panchami is something quite similar to Akshaya Tritiya or Pushya Nakshatra. The day is considered highly auspicious to buy new properties and houses.
Ashta Panchami day is presently marketed by real estate agents and flat builders to sell properties and flats.