Reasons to not give up on Indian real estate
A well-regulated real estate market will spur the world’s biggest asset managers to look at India more seriously over the long-term Mumbai: Real estate may be down in the dumps right now. But even so, compared with most other big businesses, real estate remains one of the best to put your money into. At its core, real estate is the coolest even in failure. You build an airline on leased planes and if it fails all that the lenders are left with is a brand with which they can have ‘Good Times’ while humming Oo La La, La, La, Le, Oo . If real estate fails, lenders to the project still have the land and nothing as an asset gets as real as this. Yet, it’s been a business that most respectable entrepreneurs have so far shied away from because it’s a trade vilified—mostly for the right reasons. For one, real estate has been the coolest way to generate and park slush funds for political parties. Much of the surging value of real estate springs from picking obscure land on the cheap an