Buying flat on outskirts of metro city is like buying smallcap stock: Nithin Kamath - Economic Times

“Buying where prices haven't already appreciated (in tiers 2 & 3, outskirts of a metro) can mean good ROI (return on investment). But this is like buying a smallcap stock, hoping it becomes largecap; only a few do. It is a high-risk strategy and hence capital…

With India in the middle of a housing boom due to low-interest rates, Zerodha co-founder Nithin Kamath said real estate is unlikely to beat inflation and interest costs in the long run. For those loo… [+1949 chars]

full article...