We are in a brand new year and any talk about investment or wealth planning is incomplete in India, until one touches upon real estate. Even though the last few years have seen a lot of traction in financial assets, property does remain on the average investor and home dreamer's radar.
CNBC-TV18 caught up with Gulam Zia, executive director, Knight Frank and Samir Jasuja, founder of PropEquity, to understand whether 2019 will prove to be an actual bottom for the sluggish realty market.
Gulam Zia said, "My thoughts are still very negative on real estate. I firmly believe that this asset class is still not really making any sense to me. Many other asset classes may look better than real estate in times to come. At least for a year or two, my vote is against real estate."
Jasuja said, "From an investment point of view, my thoughts are slightly similar to Zia. But I strongly believe that this is the market for the end user. So, my vote goes for the ready properties. You may witness some slight appreciation there. If you are a long term player, then you can go for under construction properties, which are new launches by branded developers, that may also do well over the next 3-5 years."