Long-term investment in financial sector could yield strong returns: Neeraj Dewan

«If one is a long-term investor, this is also a domestic-focused, our own domestic-focused consumption story and there is definitely scope there to build on to a portfolio if you are seeing some correction and consolidation started to happen, then one can be looking at real estate also,» says Neeraj Dewan, Market Expert.

What is your take? Are you watching this space very closely because Chris Wood is of the opinion that the real estate cycle is not over as yet. He is still bullish on it, though the market commentary or the sentiment is pretty negative on the real estate space. What is your view on the real estate space?
Neeraj Dewan: What we have seen here is that stock markets, real estate, they all move in tandem. So, we have seen a good correction in the markets. So, a lot of money which is going into real estate is not going to that extent. Though the prices have not corrected, like I am in North, so I can say about NCR region, the prices have not corrected, though maybe what we are hearing that some deals, so some negotiations are happening, so you get some discount.

But as such, builders are holding on to their prices. So, I feel that because you have seen this negative sentiment and this has been going on for the last four-five months now. So, post Diwali that we were expecting something to pick up in Diwali, did not pick up to that extent.
But still, the builders have been able to sell off and their launches have been good. So, post this correction, which very difficult to say whether the stocks have