Change in investor preferences post Modi-government ascent
In a change in market sentiment post the Modi-government’s coming to power, investors are preferring to go for real estate, compared to stocks and gold, according to a survey. This is a significant departure from investor sentiments during earlier regimes.
67 percent of respondents in the survey were keen on investing in real estate, compared to 18 percent in stocks, and just 15 percent in gold. A total of 2583 people were surveyed, of which 30 percent were above 46 years, and 40 percent were between 25-35 years.
The first budget from the Modi government is expected to favour property seekers, with reduction in home loan rates and a sector regulator, besides providing a boost to infrastructure segment. This has caught the attention of the general public, who feel the winds of change are blowing, and they have altered their tastes accordingly. Nearly 79 percent of those surveyed were looking at property investment as a long-term option, and Mumbai topped the charts for most-preferred city, followed by Bangalore, Chennai, Pune, Kolkata, Delhi-NCR and Hyderabad.
Investors also felt that property prices would appreciate in the following two years.
Source- The Financial Express
Budget 2014, budget from the Modi government, investing in real estate, investor preferences post Modi-government, property in Mumbai, Real estate in India
