Real Estate
Can frontier markets of Ulwe, Greater Noida earn multi-bagger returns for homebuyers?
![Can frontier markets of Ulwe, Greater Noida earn multi-bagger returns for homebuyers?](https://img.etimg.com/thumb/msid-90549298,width-1015,height-761,imgsize-586214,resizemode-8/prime/money-and-markets/as-periphery-becomes-mainstream-for-realty-players-will-homebuyers-get-better-returns.jpg)
![Can frontier markets of Ulwe, Greater Noida earn multi-bagger returns for homebuyers?](https://img.etimg.com/thumb/msid-90549298,width-1015,height-761,imgsize-586214,resizemode-8/prime/money-and-markets/as-periphery-becomes-mainstream-for-realty-players-will-homebuyers-get-better-returns.jpg)
Synopsis
Homebuyers who bought properties in the outskirts of metros in the early 2000s made enormous profits. This was followed by a stretched lull. But the situation is looking bright once again. Data shows that 60% of the total housing projects launched in the last two years were in periphery markets. Are multifold returns back in real-estate investing?
Author and former journalist Gayatri Jayaraman kicked up a storm on Twitter last month when she countered the advice of an old friend and fund manager that “buying a house is a waste of money”. She claimed in her tweets that her property in Mumbai has appreciated 400% in the last 10 years.Given that the average price of residential real-estate market in Mumbai has been stagnant since 2013, there were some who questioned her claim. Some even
( Originally published on Mar 31, 2022 )
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