The Real Money Market

Be it the Gurgaon real estate or one anywhere else, the returns are phenomenal. The real estate in India is like a booming share market. You invest and reap. Many are doing that. The gestation period is not long and therefore no big deal of time spent on this.

Shyamala put all her savings into buying two plots in Bhiwadi, the new township that is coming up in Rajasthan, and which is very close to Gurgaon. “I knew I had missed the bus as far as Gurgaon was concerned; I have been living in Gurgaon and have been watching property market for the past decade, yet I could not make a decision on investing in property here when I could with the kind of money I had.”

Now, she says,” I had to take the plunge, but having been too late for Gurgaon given the fact that the property prices had gone through the roof, I searched for property options beyond this city and could identify one of pre-launch projects in Bhiwadi.”

Shyamala informs that she had invested a million Rupees a year back. And this has jacked up to 2.5, and this is still rising as property opportunities in Gurgaon and Manesar disappear for the middle-income, salaried group.

Govind had a big house in the heart of DLF in Gurgaon. More than a year back he sold that to buy three smaller plots and built a smaller house for himself on one.“I was living in a 500 square yard property that I had built up about a decade back and put my heart and soul; but it was too big to maintain and I realized we were using only 25% of the built up area; I decided to do away with it and spread my investments in smaller properties.”

Govind, at the time when he sold his last house, was worth Rs 15 million. Now his monetary standing is close to 45 million. Needless to say no non-property instrument could have got him this kind of return. Be it Properties in Gurgaon or one anywhere else, the returns are phenomenal, agrees Anuj Bansal, a real estate agent in Gurgaon. All property agents in Gurgaon and just every where would vouch for that.