According to a survey conducted by Associated Chambers of Commerce and Industry (ASSOCHAM) in five cities most young professionals prefer to invest in real estate. The survey titled “Latest Investment Trends among Urban Professionals” interviewed mostly young professionals who are working or are into business. 75% of the people are keen to invest in real estate which is their first preference. Professionals residing in Delhi were more vociferous in their preference to invest in real estate. They consider it as an important investment option.
Most of the professionals who were urbanites are employed as doctors, lawyers, businessmen and in other professions. The four month survey began in September 2010 and ended in January 2011. The professionals from Chandigarh opined that they prefer to invest in real estate as a long term investment because it has the potential to give them higher returns in the future. Moreover they consider investing in other investment options like mutual funds, equity, stock market etc to be risky.
According to ASSOCHAM expatriates too have similar preferences. The development of residential and commercial projects by real estate majors in and around the Tricity has increased the value of several areas that are located nearby. DS Rawat, the secretary general of ASSOCHAM said that urban professionals are well aware of the fact that the real estate sector of the country has become highly profitable as far as investment is concerned.
Most of the professionals who were urbanites are employed as doctors, lawyers, businessmen and in other professions. The four month survey began in September 2010 and ended in January 2011. The professionals from Chandigarh opined that they prefer to invest in real estate as a long term investment because it has the potential to give them higher returns in the future. Moreover they consider investing in other investment options like mutual funds, equity, stock market etc to be risky.
According to ASSOCHAM expatriates too have similar preferences. The development of residential and commercial projects by real estate majors in and around the Tricity has increased the value of several areas that are located nearby. DS Rawat, the secretary general of ASSOCHAM said that urban professionals are well aware of the fact that the real estate sector of the country has become highly profitable as far as investment is concerned.
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