I've been exposed to land dealings right from my child-hood. I loved the excitement when my dad used to take me to all the deals he made.
If we try connecting dots w.r.t. evolution of Human race, all of the wars were fought for one main reason "Land". Of-course, resources follows with land.
With this belief, a piece of land is considered to be a best investment. But with Urban limits being getting shorter the concept for apartments in India had taken a chain reaction to evolve & be a huge industry with lot of employment & diversion of farmers to construction & related workers.
Since the IT sector boomed in India, lands & houses begun to soar. India still has one great resource, English speaking, smart thinking & less expensive work-force w.r.t. developed countries.
But, is it the only nation with similar attributes? How about China raising its GDP & getting into all manufacturing industries?
Or, the other countries are lagging due to there communication skills? Considering, this fact the IT services sector from India, will be facing a huge competition in years to come.
Also, it is now clear property is booming for one main reason 'IT', professionals aren't able to realize the 'liability' they are building when buying a apartment in form of % interest, taxes, maintenance etc specially when leasing one from bank.
Another factor is about demand & supply, supply will be in abundant than demand when IT services companies starts feeling the pinch in coming years.
Considering the higher currency one needs to shell out, with building partnerships still a piece of land is a great investment to go for, not a piece in a building.
