Like with all investing, one needs to first define one’s time horizon. I’d define short term as say three years and long term as more seven years.
Now, let’s say you have a long-term time horizon and are willing to take a call on where the business hub of Mumbai is going to be. Buying commercial property in Bandra Kurla Complex would then be a reasonable call. Capital values are not at their best but rentals have held up. The rental yield on these projects is often more than 10 percent.
(This story appears in the 24 January, 2014 issue of Forbes India. To visit our Archives, click here.)