During uncertain and turbulent times, the one place that offers comfort and safety is ‘home’. With job losses and economic upheaval, paying rental for homes suddenly became a financial burden. Home loan borrowers on the other hand had an option to avail EMI moratorium making it beneficial over rental payouts.
It’s not about just the Covid pandemic, for real estate is considered to be a stable asset class and a preferred investment option especially in a volatile market scenario. The Reserve Bank of India’s House Price Index tracking home prices in 10 major cities puts the average return from real estate in the last 10 years at 11.6% per year. This exceeds the return offered by the equity market at 11% as well as Gold offering a return of 8.8 % over the last 10 years.
Read the full article published originally on Financial Express: Why you’ll never go wrong with real estate investment
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