08/04/2020
Investment in real estate now can give high returns in 2-3 years, say experts
As cities are locked down and people are not able to venture out of their homes, the biggest worry that buyers have whether their investment in the real estate is safe or not. Realty shares slipped through the fear of COVID-19, many consumers are confused about whether to stay invested or exit.
However, according to the experts, this is not the time to panic and exit but stay invested as an investment is always a long term goal. So the advice is that real estate investors should wait for good times to come back.
"Equity creates wealth in the long term. Short term traders may be worried but long-term investors see it as an opportunity. A quarter or two may go bad but the business is going to be there for decades. Therefore, what I see is an illogical selling now. It is just greed and fear that is creating a panic. Promoters never panic but use this as an opportunity," says Dhiraj Mittal, CEO, Prime Capital Services.
