Real Estate – To invest or not
Everyone of us has our own ideas about a dream home and usually wonder if it makes a good investment or not.
But for Abhijit Mukherjee, president of the pharma firm Dr. Reddy’s, the choice is very clear — He is not a big fan of real estate investment.
While speaking to Reuters journalists at the India Investment Summit in Bangalore, Mukherjee cited the American example of a recent real estate crash and wondered whether India, too, is headed in the same direction. He said buying a house and holding it for value appreciation over a number of years is not a good idea.
Notwithstanding his skepticism, he said he is thinking of changing his apartment. But he was quick to add that it is not a very exciting investment.
Mukherjee would rather park his money in a high-risk, high-reward investment like equities.