The hardships and financial woes caused by Covid-19 and the resulting lockdown have disrupted the financial goals of many, especially the middle class. The stock market is fluctuating wildly, bank interest is falling, and precious metals are not everyone’s cup of tea.
In such a scenario, one safe bet for those who are planning to invest their hard-earned money is real estate.
According to real estate tycoon and Prestige group CMD Irfan Razack, real estate is the only asset class that continues to be safe to invest in.
In a Facebook post, he says, “I believe that real estate is the only asset class that continues to be safe to invest in, unlike shares or stocks. Real estate offers no short-term bits but it pays multi-fold over the long term. This fact is evident when one compares any property that was brought about 10 years ago and its current value. Such customers have seen a minimum of three times their investment in returns.”