Tuesday, January 1, 2008

According to Jones Lang Lasalle Meghraj, Nashik is the new 'emerging' investment destination in Indian real estate

Thanks, Anuj Puri, Chairman & Country Head, Jones Lang Lasalle Meghraj, for the press release, "Real Estate Destinations 2008 - The show goes on..".

Now, when someone from U.S. will ask me "Should i invest in the Paranjape Schemes' Blue Ridge at Hinjewadi or 'Park Street' at Wakad?" or "what about Amanora Park?", i can give intelligent answer.

First, i will tell him, "Pune, is no more an investment destination." Yes, of course, i will refer to you. Anuj, I have already published your press release on my investment blog! But before i start talking about Nashik, i will try to convince him to invest in the ready possession or almost ready possession flats in Pune.

Yes, i do not mind if i sound dumb. I will take this risk. I feel for all my builder friends who's funds are locked in these projects. At the same time, i owe my readers too. So, it is my duty to explain why investing in the almost ready flats is more profitable and safe.

If caller insists on Pune, I can not jump to Nashik. I have to stop at Nashik phata and talk about Chakan and Talegaon. Anuj, hope you do not mind. Because you know, real estate is local business.

1 comment:

  1. Great article on the real estate happenings, I really enjoy reading your posts. Just for your information, Donald Trump is in big trouble right now with his real estate empire. I hope everyone can pull through this slump!!


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