Illuminating Homes & Investments : The Bright Future of Real Estate
Diwali, the festival of lights, is also a celebration of wealth and prosperity. Come Dhanteras, all of us go out and buy gold. It’s believed to bring wealth and prosperity home. While gold stands for prosperity, the other traditionally popular investment tool that is an indicator of wealth is real estate.
Real estate has always been the preferred tool of wealth creation. From the Emperors of yesteryears to the billionaires of today, everyone has used this option to create wealth. The largest asset class in the world today, real estate is a harbinger of fortune for every investor.
How does the future of real estate and the real estate investors look like?
We are all aware that India is currently the fastest-growing major economy in the world. In 2018, we leapfrogged France to become the 5th largest economy in the world. Our GDP is likely to reach US$ 5 trillion by 2027, which will help us secure the 3rd position. Our real estate sector is the second largest employment generator after agriculture. It is the fastest growing sector in the world today and is expected to reach US$ 1 trillion by 2030. Experts are predicting that it will contribute about 15.5% to India’s GDP by 2047.
The growth rate that India is experiencing is aggressive. Infrastructure, Technology, Manufacturing, Agriculture… whichever sector you talk about, India is in a leading position there. And at the heart of all this fast-paced growth is Real Estate. India is literally being built. From retail to hospitality, commercial space to infrastructure, the real estate sector is contributing immensely to our country’s growing needs. The steady demands of rapid urbanization, rental market growth and a steady appreciation in prices are the prime reasons for the sector’s upward trajectory.
No wonder the best way to build one’s own fortune today is by participating in this unprecedented growth our country is experiencing. And how does one do that? By investing in real estate, of course!
Real estate is a tangible asset that, as the name suggests, is “real”. The factors that make it stand apart are :
- It is one of the safest ways to create wealth
- It brings the emotional satisfaction of being safe and stable
- It is an asset that can generate passive income and also increases in value with time.
And the time is just right now for the investors. The real estate sector is growing by leaps and bounds and so are the returns. Interest rates are expected to stay stable. So, do a thorough market analysis, check the emerging trends and join the growth story of our country and its real estate sector for creating a Real Rich future for yourself.
Dr. Atul Goel
Managing Director, Goel Ganga Group
