photo credit: woodleywonderworks
Cash invested in the Indian real estate market “is safe”, a property consultancy firm has insisted.
Affinity Solutions said putting money into property was one of the most secure ways of protecting against the global recession.
People now have become “quite sceptical” over investing and dealing with shares, meaning real estate was now seen as safer, the company added.
Affinity specialises in helping investors buy and sell in Indian cities like Noida, greater Noida and Gurgaon.
Company director A K Jain said:
“One of the important reasons why people choose to invest in real estate over stock markets is that real estate is tangible – you can touch it.”
The recent crash of the Indian stock market is also thought to be the main reason behind changed investor attitudes, the company added.
Confidence in Indian property was further boosted this week by real estate advisers Investment Square, which unveiled two “high potential projects”.
The company claimed Windmill Heights at New Mahabhaleshwar and ColorScape at Kasgaon offer property buyers an assured 50 per cent appreciation in value in 24 months.
A Shyamsunder, Investment Square chief executive, said:
“This scheme will enable investors to reap high returns in future if they opt to retain the plot.”
Related posts:
Pingback: Indian real estate market a safe bet, say consultants « India Real Estate Tracker