Riding high on improved market sentiment, especially after the Narendra Modi government took charge in late May, more and more investors are going for real estate compared to stocks and gold, according to a survey.
Nearly 67% of respondents in the survey preferred to invest in real estate compared to only 18% in stocks and and just 15% in gold, India Property said.
The property portal surveyed 2,583 people, of which over 30% were above the age of 46, while 40% in the 25-35 years bracket.
"With a new Government at the Centre, sentiment across sectors seem to be positive and real estate is riding the wave. Investors expect the first budget from the Modi Government (due next week) to favour property seekers with reduction in home loan rates and a sector regulator, besides providing a boost to infrastructure segment," the property firm said in a statement here today.
According to the survey, nearly 79% of the respondents are looking at the realty sector as a long-term investment option. Also, Mumbai tops the chart for property investment followed by Bangalore, Chennai, Pune, Kolkata, Delhi-NCR and Hyderabad.
Investors also feel the property prices will go up in the next two years, it added.