Property Prices: After the Covid 19 pandemic, the desire to buy big houses has increased among the people. Due to this, the real estate sector took off rapidly. The price of land and houses has now started skyrocketing. Investing in property remains the choice of Indians. But, Zerodha founder Nikhil Kamath has always been against buying a house. He has started a discussion on the crash of the real estate sector. Many people including Prestige Group Chairman Irfan Razack have expressed their views on this issue. 

Crash cannot come in real estate sector

While talking to Nikhil Kamat during a podcast, Irfan Razak expressed confidence that no matter what happens, the real estate sector cannot crash. Investment in property is safe. The real estate sector is strong. The country's population, urbanization and growing middle class will maintain this demand in the future as well. Jobs are increasing in the country. Along with this, people's desires are also going up. He said that prices have definitely increased but there has been no decrease in people's sentiments regarding real estate investment. 

Demand will also increase with the increase in urban population 

Nirupa Shankar of Brigade Group also said that by the year 2030, the country's urban population is going to increase from 35 percent to 40 percent. FICCI and Enrock's survey also revealed that even today real estate remains a preferred investment instrument. Supporting this, WeWork India CEO Karan Virwani said that India has the advantage of population. We have seen decades of demand in this sector. This is a market in which there is no sign of any slowdown at the moment. 

Nikhil Kamat has recently bought a house 

However, Nikhil Kamat said that now the average birth rate has come down to two children. It was four to five children till a few decades ago. In the coming times, people will need less houses. We will also have a situation like Japan, where the demand for houses has now decreased. With the increase in remote work culture, urban demand will also decrease. Nikhil Kamat has been promoting renting houses for years. He has recently bought a house.