Real estate is the new minting press. It’s not gold anymore. But why?
Gold or real estate, where should you invest now? Gold has been synonymous with a majority of Indians accumulating assets. Whether it be in regard to economic status, security or asset acquisition, gold has a very strong influence on asset building. A latest RBI report disclosed that 76.9% of household wealth in India sees investment in real estate, while 59% of the poorest 20% in the country own land or at the least a dwelling unit while the largest expected growth (in absolute terms) is in real estate. Turning our attention to gold, how truly profitable of an investment is it? Regarding the longevity issue, investing in gold may be a favorable option in the shorter run – three or four years, which could most likely be maxed out to seven years. But, the value of gold is fickle and depends on several factors making it unpredictable. But, in the last couple of decade’s real-estate has picked up due to two major reasons - structured tax benefits and gradual yet defini