Best contemporary asset classes to invest in 2024

financialexpress.com:

In 2024, the investment scene is transforming with India’s economic prospects shining brighter than the global average. Anticipated to grow at a rate of 6.5-7%, thanks to government policies aimed at transparency and stability, India is becoming an attractive investment hub.

This promising economic backdrop calls for investors to look beyond traditional safe havens like fixed deposits and to consider a broader array of innovative and modern assets. Such a proactive approach aligns with the nation’s robust economic trajectory and opens doors to potential growth and stability in the realm of investment.

India’s real estate sector, evolving into a significant force in the global market, is increasingly focusing on more accessible investment forms. This shift is highlighted by the introduction of SM REITs by SEBI, which broadens the scope of commercial real estate investment. India’s contribution to the $1.2 trillion global real estate investment is notable, particularly with the Asia Pacific region, including India, accounting for 35% of this, as highlighted in Colliers’ 2024 Global Investment Outlook.

The growth trends in specific real estate sectors further underscore this development. The office sector in India saw a 1.6X year-on-year increase in investment inflows during Jan-September 2023, reaching USD 2.9 billion. This growth, along with the expansion in the industrial and warehousing sectors, reflects a robust and broad-based market expansion.

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Additionally, the surge in new real estate launches in India’s top seven cities, which accounted for 41% of the market in the first quarter of 2023, demonstrates the sector’s dynamic growth. This data,