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Cryptocurrencies are all the rage these days. With stories of fortunes made and viral tales of forgotten passwords to millions running amok on social media, one can safely bet that cryptocurrency is here for good.
Looking at the meteoric rise of Bitcoin and others, many Indians are ready to build careers out of cryptocurrency investment and trading, meaning it is a sought-after place to park your money and watch it grow.
While you can buy a Tesla model 3 with Dogecoin, could you walk into a bank (for example Yes Bank) and ask for a loan to make a cryptocurrency investment? Say an INR 500k line of credit to invest purely in crypto? No.
Okay, a loan to invest in the stock market then? No.
Gold is solid. Can you get a loan to invest in gold where the bank has a 100% collateral? No again.
But what about property? Will a bank finance your real estate investment? Yes mam. Come right in.
There are many decent investment options out there, gold, stocks and cryptocurrency included, but the most trusted of them all is real estate. Properties inspire a confidence that other investment modes do not yet. Period.
So, should you invest in Indian real estate? It's gonna be here forever, FYI.