Most people in India are convinced that real estate is a great asset. More caution is in order. Real estate investment is not a guarantee of profit. It is hard to be diversified, and illiquidity hampers portfolio structuring. Most important, the outlook for supply over the medium term implies that there is no great upside. Cities like Delhi-NCR , Mumbai, Bengaluru see other factors that drive further demand high immigrant population – with several 100,000s moving in and out of these cities every year creates churn and opportunity also these cities see demand from neighboring states e.g. the people who can afford it, in let’s say UP, Himachal, want a secondary residence in NCR/Delhi . Despite this every one in three houses being constructed is still unsold, notwithstanding builders, brokers, online broking houses and now even e-commerce portals trying to entice customers with lucrative schemes and offers. The situation is alarming, there are more than 6 lakh units in top ...