Real
estate seems to be the hottest investment instrument for urban youth in India,
with a whopping 85% of those surveyed inclined to put their money into
immoveables on hopes of higher & guaranteed returns.
A survey conducted by industry body ASSOCHAM, ''Above
85% of urban working class prefer to invest in real estate saying it is likely
to fetch them guaranteed & higher returns"
Highlights
of ASSOCHAM..!
aa Those surveyed also
said they cautiously stay off from investing in gold, stocks & mutual funds
as these instruments are found to be riskier, the survey said.
aa A majority of urban youth surveyed believe
that investing in the yellow metal is not as profitable as in real estate since
they expect gold prices to fall.
aa Besides, global
slowdown & the weak rupee have started casting a shadow on stocks, as many
corporations are rationalising the salary structure of their employees with an
emphasis on cost cutting which dampens the spirit of investment in the capital markets.
However, a few respondents still chose to invest in stock markets, gold &
mutual funds.
aa The maximum
concentration of real estate investments from urban working class &
professionals is seen towards residential properties in emerging Tier-II &
Tier-III cities. These include Jaipur, Bhiwadi, Rishikesh, Haridwar, Nainital,
Chandigarh, Dehradun, Sonepat, Panipat, Pune & Nasik, it said.
aaMost respondents felt
that investments in real estate, residential & commercial properties are
found to be lucrative and much safer since they are completely insured in
contrast to those in gold, stocks & mutual funds.
aaAbove 62% respondents, especially professionals,
chose real estate properties in Tier-I cities such as Mumbai, Delhi, Kolkata,
entire Northern Capital Region (NCR), Hyderabad, Bangalore, etc.. for gaining
maximum returns.
aaHowever, 78% of those
working professionals with double-income, who bought a house in a metro city,
want to invest in their home town for a second home, the survey added.
No comments:
Post a Comment