If you compare the real estate market in Mumbai vs Dubai, you will be shocked:- Dubai: - More affordable - Better infra - Better yield - Better financing - No capital gains when you sell The more important question to investigate: why are prices so high in cities like Mumbai? A) - Because big builders overcharge you. - A long-chain of brokers overcharge you. - Real Estate is deliberately made opaque. Less transparency = great for a crook business.
@Akshat_World Don't you think that Real Estate of Dubai is more vulnerable than India as their dependency is more on foreign residents ?
@Akshat_World What about risk rewards. Tomorrow if something goes wrong between the relationship of India and Dubai?
Assessing the true value of any real estate is a big challenge. Assessing a stock intrinsic value is far easier. And that's where the problem just starts. There are so many issues with real estate. I believe that real estate was a decent investment of the last generation, but with the options available today at a click, it's an unnecessary headache. Many more reasons for not investing in real estate... youtu.be/LO1CihezJTM?si…
I once tried to bring the real estate sector to be organised. But it does not work so easily. And the only reason is the black money flowing in the country. Most deals are not properly recorded. On paper, the property might be sold for 10 lakh. But the deal must have been done for 1 Cr. People do this to save 6/7 figure taxes and stamp paper charges. Until and unless we could solve this issue, the real estate sector cannot be transparent. Nobody could know the actual value of a property and have to pay whatever the seller asks for. The best research a buyer could do is to ask the neighbours, and often we can't source accurate info out of them. That's the reality 🙆
This tweet is completely out of sync to the current reality. Reality is Mumbai holds 3rd highest number of billionaires and within last year added 26 billionaires. More than any other city in world. Demand for real estate is way more than Dubai’s, which is completely dependent on foreigners.
@Akshat_World Akshat, I think you are planning to shift to Dubai, it seems from few of your previous posts..
@Akshat_World LIMITED LAND AVAILABILITY!. 🤔🤔
@Akshat_World How do you start spending in dubai