Real Estate Tops As The Preferred Investment Choice: Anarock-LIC Survey

A recent Anarack-LIC survey reveals that despite the slowdown facing the real estate sector it is still the preferred investment avenue amongst all other options including bank FDs, stocks, gold etc. Of the total participants, 59% preferred real estate over other assets. In the year ago period, 53% have their bent towards real estate investment.

"Given the volatile nature of most other asset classes, real estate is indeed a safe bet for most - proviso they remain invested for a long term. Also, property prices are at their lowest best across most cities and with the government announcing a slew of measures favouring the sector, both investors and buyers are hoping for steady growth in the future," says Anuj Puri, chairman, ANAROCK Property Consultants. So, a gradual uptick in preference for the asset class is indicative of its likely growth going forward.

There is also a steep decline in investors now opting for bank FDs as interest rates on them have sharply trended southwards with just 10% preferring the avenue in H2 of 2019 as against in the year ago period where 14% have inclination for FD as an investment option.

Then in the second spot is the stock markets which has rather maintained its position with 23% participants showing their interest while gold ranked the lowest with just 8% wanting to invest in gold.

So, given the prices being bottomed out in the real estate industry as well as an array of government benefits for the sector, the time is indeed the best to take a plunge in the sector if you are hunting for a property for self-use.

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