Thursday, 4 June 2015

Investing in realty still a good idea

As people move for better prospects, migration will play a major role in boosting real estate





As people move for better prospects, migration will play a major role in boosting real estate
There are A LOT of stories about saturation and dip in the real estate market of Mumbai. Migration still plays a big role in these markets. There is enough movement of populace to these regions because of better paying jobs and lifestyle giving a boost to real estate. There is an unwritten law that if you invest in Mumbai today, your money will double in the next two years.
Real estate is the only asset class left, thanks to the stringent government rules these days, where liquid cash can be parked. In fact we are already seeing a pickup in the Mumbai market.

Prime Minister Narendra Modi's aggressive approach to building infrastructure will unlock faster economic growth. Also World Bank chief economist said, India will further improve its infrastructure in the next five to 10 years, becoming a major propeller of growth in the country. The potential for growth is very high for this country.

Also, the fact that better and improved infrastructure will have a direct impact on the real estate market. One can see a very definite work in this direction in all the metros. Mumbai’s new and spectacular International Airport, the Wadala-Chembur monorail, metro linking Versova-Andheri- Ghatkopar stretch are all are all bound to increase accessibility in our big city.

Credit: Financial Chronicle

            04-06-2015


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