Riding high on
improved market sentiment, especially after the Mr. Narendra Modi Government
took charge in late May, 2014 more & more investors are going for real
estate compared to stocks and gold, according to a survey.
About 67% of
respondents in the survey preferred to invest in real estate compared to only
18% in stocks and and just 15% in gold, India Property.com said.
The property portal
surveyed 2,583 people, of which over 30% were above the age of 46, while 40% in
the 25-35 years bracket.
"With a new
Government at the Centre, sentiment across sectors seem to be positive and real
estate is riding the wave. Investors expect the first budget from the Modi
Government (due next week) to favour property seekers with reduction in home
loan rates and a sector regulator, besides providing a boost to infrastructure
segment," the property company said in a statement here today.
According to the
survey, about 795 of the respondents are looking at the realty sector as a
long-term investment option.
Also, Mumbai tops the
chart for property investment followed by Bangalore, Chennai, Pune, Kolkata,
Delhi-NCR & Hyderabad.
Investors also feel
the property prices will go up in the next two years, it added.
Preferred to invest
Real Estate 67%
Stocks 18%
Gold 15%
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