Mani Rangarajan, Group COO, Housing.com, Makaan.com, PropTiger.com
Post the lockdown, amid work from home gaining traction, the demand for commercial properties has been adversely impacted. But if the upcoming Mindspace REITs is any indication, it can safely be concluded that real estate would remain one of the preferred investment choices for a vast chunk of people. It reaffirms the findings of our recent survey which Housing.com conducted in association with NAREDCO, wherein 35% of respondents choose real estate as the best investment tool. With the kind of stability it brings to the table, the real estate sector will bounce as soon as the pandemic subsides.
Sanjeev Arora, Director, 360 Realtors
The REIT is a competitive way of making good returns alongside portfolio diversification. So far based on the existing leasing, the weighted average rental is more than prevalent market prices. However, the downside risk of plummeting of growth rates in key sectors such as aviation, tourism, education, F&B, Events, etc. cannot be completely disregarded.
Published as received
The views and opinions expressed are not of IIFL Securities, indiainfoline.com