THE
GOLD PRICE PER GRAM REACHED RS2975/- over the weekend and the
average assets under management, for gold exchange traded funds, doubled to Rs
9,620 crore for the year ended March 2012, according to Sebi data. Investors
either saw value of their investment fall in equity funds or pulled money out
of them during the same period and invested in Gold (ETF) and Real estate.
There
has been a sudden jump in the realty prices, in and around Bangalore in the
last two years and the appreciation is in the range of 20% to 60% in the vacant
land or plots with clear titles and 10% to 30% in the apartment sector and
there has been a consistent demand for the residentially/commercially converted
land. Villas are by far the most sought
after and the designer enclaves are the latest fad and fab.
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