Real estate is a major asset in India and it will be a "big scene" in the next 20-30 years, says investment guru Marc Faber.
"A major asset class will be real estate in India... real estate will be a big scene...," Faber said addressing the first of the
'The Market Visionary Series' organised by Financial Technologies and Prabhudas Lilladher.
With a vast young population and majority of population living in rural areas, there will be huge demand for real estate in cities, beaches and mountains where people would like to own a house, he said.
"In the next 20-30 years, prices will be much higher than (it is) today," he said. Though real estate is like stock markets, in terms unpredictability, Faber said the