It is expected that gold price will double in the next 10 years

The only yield from gold is its appreciation. In recent years, gold has been a favoured asset even among individual investors because of greater uncertainly in the real estate and stock markets. The international price of gold has been consistently rising since 2003. From $400 an ounce in 2004 it jumped to $700 in September 2007 and to $1000 in September 2009.

Gold as a reserve asset can be, up to a point, a better alternative to government securities in foreign exchange reserves. The price of gold is likely to rise further in future for a variety of reasons.

To read more, please, visit Smart gold deal by RBI | Economy | Reuters

Lodha’s ‘Strongest Year’ May See Home Sales Triple by March

"There is no (real estate) bubble, but the risk is if (property) prices rise faster than average income growth of say 15 percent, it could decelerate demand for homes," said Lodha. "(Real Estate) Bubbles occur when buyers too willingly keep paying higher prices; consumers today want value for their hard-earned money."

Lodha Developers Ltd., an Indian property company that’s planning an initial share sale, expects its home sales in India will climb about threefold as a record low benchmark interest rate encourages buyers to take loans.

The Mumbai-based developer expects sales to rise to 9 million square feet by March 31, Managing Director Abhisheck Lodha, 30, said in an interview. The company, which sold 3 million to 3.5 million square feet in the previous fiscal year, has sold 4.2 million square feet in the seven months to October.

To read more, please, visit Bloomberg.com

A little bit of Manhattan’s by India’s side

Indians now account for close to 20% of all realty sales in Manhattan, and 30% of all enquiries made, says Raphael De Niro, ( son of Hollywood star Robert De Niro ) MD of New York’s biggest property broking firm Prudential Douglas Elliman.

Prices of residential apartments in Manhattan have slipped 20-25% off their peak in end-2007. Mr De Niro says he is currently negotiating with several Indian buyers who are public figures in India. Sales pitch for a typical Manhattan condo begins at Rs 3 crore-Rs 4 crore, less than what a South Mumbai apartment or a Mehrauli farm house comes for. Average price per square feet for a Manhattan East side condo is $1,249 while that for a South Central Mumbai apartment is $1,319. To read more, please, visit The Economic Times