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Investing.com — Speaking at the 4th edition of CII Real Estate Confluence 2022, ace investor Rakesh Jhunjhunwala, very optimistically pegged India to grow at 10% by FY25-26.
Bullish on the country’s commercial real estate sector, the Big Bull said that urbanization in the country is half of China’s, and with the figure rising, housing demand will rise too.
With the ongoing development of metros, the potentiality for housing arises, he said, adding that real estate is the only space where a developer is not bothered about the cost of construction.
Regarding the new-age digital companies, Jhunjhunwala said that he is not much in favor of them getting listed. He said it was not a business suitable for listing.
On Thursday, new-age tech stocks including Nykaa, Zomato, PB Fintech, and Paytm
eroded their cumulative market capitalization
by Rs 1.3 lakh crore, compared to their m-caps on the first day-end of their listings at Rs 3.58 lakh crore.
In the confluence, the ace investor also appeared bullish on the real estate investment trust, pegging it to become a ‘very big asset’ in the future.
Furthermore, he gave an example of London, stating that in the capital English city, housing has developed everywhere the metro line goes through and added that with the 40 km metro line being constructed in Mumbai, the demand for housing will breach the roof going ahead.
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