If you are not looking for quick, extraordinary profits, the real estate sector still has plenty of investment opportunities. Play for steady returns and prepare for the paperless era
Ved Prakash Arya, CEO & Managing Director, Milestone Group.
His call: The property market has a lot of life left, but only in parts. Avoid segments where there is overcapacity or hype.
His Big Picks: Mumbai at the premium end; Chennai, Bangalore and Hyderabad among big cities; Nashik, Jaipur and Coimbatore among emerging cities.
Southern Beauties
I like all the three major cities of the South. All offer very good opportunity for the investor, especially on the residential side. I would put Chennai first on the list, Bangalore second and Hyderabad last, but all the three offer excellent possibility of capital appreciation. Prices are still reasonable and can meet your minimum expectation of returns. In terms of economic opportunity too, they are doing well. For instance, Chennai has become a hub for the automobile sector. So, in some senses, these cities represent Mumbai.
(This story appears in the 22 January, 2010 issue of Forbes India. To visit our Archives, click here.)