Low housing prices, decade-low interest rates, and attractive discounts from developers have combined to make this the best of times for buying a house for self-use. But is this also a good time for the high net worth individual (HNI) to scout for a property for earning investment return?
Experts say HNIs are already out looking for opportunities. Anuj Puri, chairman of ANAROCK Property Consultants, says, “Recent trends confirm that HNIs are eyeing residential real estate amid the property market’s enhanced regulatory environment, and volatility in other asset classes.”
Why now? Demand has been lacklustre and prices have not moved up much in the past few years. Builders are willing to offer discounts. Anurag Jhanwar, co-founder and partner, Fintrust Advisors, says, “The