Real estate outpaces gold in the ‘investment for life’ context.
Real estate outpaces gold in the ‘investment for life’ context.
Investments in India from the age old days have always circled around property and gold. While gold was considered an asset which attached a label of status to your persona; the most prominent use of gold was as an investment security when people belived that gold can relieve you of your worries in times of crisis.
Similarly, property investments were more considered as an option which would get the value for money. But the recent trends in the real estate and the exorbiant gold prices have changed the entire configuration of investments.
People are considering real estate as the best option in terms of appreciation in the present real estate status in India. The high returns on property has completely outpaced the craze for gold in India.
And the most distinguishable example of this is the rush for buying a property around Diwali, and the promotional offers by the developers which otherwise were limited to buying gold in the festive season.
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