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A PwC report estimates that demand from the IT / ITEs sector alone is expected to create 150 msf of space by 2010. “As demand for property is still very strong, real estate makes good investment decision” says Vishal Doshi, Senior Manager, Marketing, Kanakia Spaces. According to him, real estate has always been a long-term choice of many intelligent investors. Real estate India and investment experts caution against short-term investments, particularly in inflated markets as the market is still unsettled. It is another matter that prime properties will always fetch good returns. Bank FDs with higher interest rates are good bets for short-term investments.

Some experts call for wait and watch policy and advise property buyers to be on look out for property in India or any other location available on good terms. They caution against investing in overheated markets. Harsh Vardhan Roongta of Apna Loan.Com says that it is better to postpone the property in buying by about six months especially for investment as interest rates will further go up, there by dragging property prices down. But there are others who maintain that it is good time to buy property as real estate India sector is expected to remain subdued to stable in next months due to interest rates hikes and fund crunch to developers and end users.

Courtesy: Realty Plus Magazine.
April 2007, Vol. 3, Issue 8.

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