Removing hair can leave your skin dry and almond paste will moisturize your skin after hair removal. Hair regrowth will depend on each individual's hair growth rate. You can also apply aloe vera on skin after removing hair. Or you can apply oatmeal paste for 5-10 mins and wash off with water (do not use soap). Oatmeal is a natural moisturizer for your skin.

Almond paste is made by chopping almonds in pieces and using a handmixer to make fine powder. Mix in some water and you have your paste ready. Traditionally, almonds are ground to a powder form using a pestle and mortar, mixed with water and made into paste. But this may leave behind some coarse almond granules. Using a handmixie is more effective as no almond pieces would be left behind.

Here are 2 articles you can benefit from reading-

Read more about almonds and its home uses -
http://www.home-remedies-for-you.com/articles/91/
diet-health-club/go-nuts-about-almonds.html

Natural ways to remove hair
http://www.home-remedies-for-you.com/articles/237/
medicines-and-remedies/natural-ways-for-hair-removal.html