This year began with a positive trend for the real estate sector which was witnessing a slump during the past couple of years. The new government has shown great promise to boost this sector. As Modi government turned on three mega missions took shape. These include Smart cities, AMRUT cities and Housing for All by 2022, which are expected to turn Indian cities and towns as new engines of growth. While the market trends took a positive turn, increasing property prices, delayed projects and high rates of interest on home loans kept the fence sitters from taking a plunge.
Real Estate ‘The Best’ Asset class for Investment
A conventional investment portfolio of an Indian investor has gold, real estate and mutual funds. But with so much going on in the market, Real Estate has once again come up as the show stopper. Genuine requirement for home and lower rate of interest are the main reasons. Real estate evolved as the best asset class for investment. [Read more…]