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- Originally Posted by MANOJa
1. As it happens, investments in real estate hardly go wrong, as they invariably give good returns.
2. Investment in real estate remains a most profitable proposition in India, particularly in an expanding region like the National Capital Region (NCR) of Delhi. Overall returns in the long term, say around 15 years, is almost 15-20 % compounded annually. These kinds of returns are not possible from any other asset class.
3. The general perception that prices in Delhi or Mumbai have already gone very high and any investment at this level would not fetch a good return is not true if you analyse the past performances of investments in real estate.
4. The other important factor that might boost the returns is the high probability of softening of interest rates in the near future. As soon as the interest rates fall, capital value of residential real estate increases.
The general perception that prices in Delhi or Mumbai are very high and any investment at this level would not fetch good returns is not true.
Diwali: A good time to buy property! - The Economic Times
1. Easy to make comments without backing it up with facts. Conveniently leaving out slumps during 90s or stagnant prices during late 90s and early part of 20th century, and then 2009 correction.
2. The same was said of stocks and similar graphs and numbers being brandied around in 2006-07. And look at where the sensex is after 5 yrs of touching 21000.
3. If in a real-estate crazy country like India, the general perception has changed to suspicion on prices, I hear warning bells. And how come every justification is based on past performance? Gold did not give good returns for decades and then surged like anything. Equities fell massively after sharp rally. Why should past performance dictate future prices in real-estate? We dont drive by looking only into the rear-view mirror, do we?
4. So by corollary, when interest rates rise, the prices should fall, right? So what did builders do during 2010-2011 when interest rates rose in India? Did they cut prices? And if prices didn't fall then, why should they rise now?
Basically, ET is living up to its reputation of making money through paid articles, not subscriptions. ;)CommentQuote0Flag
- Lot of sentimental value is attached by buying things on auspicious occassions.
While respecting tradition buy after due diligence.
Dont let sentiment make you over look price and legal requirements.CommentQuote0Flag
- Property buying or selling is best during festive season, since it is believed that happiness and prosperous comes along festivals. :)CommentQuote0Flag
- Originally Posted by AdityaRaghavProperty buying or selling is best during festive season, since it is believed that happiness and prosperous comes along festivals. :)
Also lot of investors arrive in the market this time which leads to high sensex breaching, and also lowers the interest rates. That's also one of the reasons why people buy properties during Diwali. People go for discount offers and property investment to people is like a boom.Diwali bonus are enough to give a satisfying investment to oneself.CommentQuote1Flag