Financial Fix | Should You Invest In Real Estate In Kashmir?
(MENAFN- Kashmir Observer)
Representational photo
By Irshad Mushtaq
Real Estate in Kashmir has seen a staggering growth from Rs 2 lakh to Rs 3 crore in just 30 years (150X) with an annual compounding rate of 18.18%. Will this boom continue?
ADVERTISEMENT
From 1994 to 2024, the Real estate market in Kashmir has seen a remarkable boom, with the value of land skyrocketing from Rs 2 lakh to Rs 3 crore in just 30 years. This incredible growth represents an annual compounding return of 18.18%, highlighting the power of wise investment decisions and the importance of long-term wealth planning.
While investing Rs 2 lakh per kanal in land in 1994 would have resulted in a staggering 150-fold increase in value today, the question remains – will the real estate boom in Kashmir continue? Is it still possible to achieve such exponential growth by investing in land at today's prices of Rs 3 crore per kanal?
The answer is uncertain. In order to replicate the 150-fold return seen over the past three decades, investors would need to secure an annual return of at least 18.18%. This underscores the need for careful consideration and rational decision-making when it comes to investment opportunities, as well as the importance of seeking out assets with the potential for double-digit returns.
Read Also Financial Fix | Islamic Investing: Treading Diligently Financial Fix | Mutual Funds vs. ULIP Insurance
By staying informed, seeking advice from experienced professionals, and focusing on assets with above-average potential for growth, individuals can position themselves for long-term financial success. Wealth growth requires time, patience, and strategic planning, as well as a commitment to making sound investment choices based on careful research and analysis.
In conclusion, the remarkable rise in real estate value in Kashmir serves as a powerful reminder of the importance of making wise investment decisions and understanding the potential for long-term wealth growth. By approaching investment opportunities with a clear mind, seeking guidance from trusted sources, and focusing on assets with the potential for high returns, investors can pave the way towards a financially secure future.
Irshad Mushtaq is an entrepreneur, business partner at Sharekhan, and author. Email [email protected]
MENAFN06052024000215011059ID1108179833
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.