Social entrepreneur Agnelorajesh Athaide on the pandemic and its effect on the Indian markets
Author, social entrepreneur, educationist, and business mentor Agnelorajesh, chairman of St Angelo’s VNCT Ventures, believes in the concept of learn, earn and return. He is the man behind the Global Indian Realty Summit in association with Network 18, a Mukesh Ambani enterprise.
“I believe that the world is focusing on India during this pandemic. The kind of growth China has had in the last 30-50 years is what India can look forward to. A lot of investments are coming India’s way,” says Agnelorajesh.
Agnelorajesh speaks to The Indian Sun on what lies ahead for India.
■ What does it mean to be a global citizen?
For me, global is local. It’s not geographically bound. The entire world is your platform. If you are a digital citizen, you’re automatically a global citizen. The whole world is your market and you shouldn’t restrict yourself.
“Another way to recover losses is investing—people will have to invest, not in bonds and gold but in real estate so they can recover their losses”
■ Why are all NRIs keen to invest in Indian markets?
They see multiple benefits. The rupee is weak compared to the dollar, which is the biggest attraction. You can only make lots of money in terms of value appreciation in a developing country. I believe it’s the outskirts of metro cities and tier 2 cities which are the growth zones. A lot of opportunities lie there.
■ Where should one invest—developed or developing areas?
Always locate the road with the highest traffic jam. People often commit the mistake of buying property in an area where infrastructure is already developed. In these places you’ll always get comfort of living but not appreciation of property as your entry point itself is expensive. Invest where there is a traffic jam and infrastructure is weak. Investing in the outskirts of cities like Mumbai, Chennai, Coimbatore, and Bangalore is promising. The value of money may depreciate but the value of property will appreciate.
The best method to create future financial freedom is going to be through the money your property can earn for you. Real estate turns out to be the best way through which people have been earning money unlike stock markets.
Your assets can also let you earn through rentals. It’s beneficial in two ways. One, the maintenance is not paid by you. Second, with passage of time, the appreciation is yours.
■ Land or apartment?
It’s important here to understand the dynamics. One buys an apartment out of compulsion, not choice. We want to sustain in an urban city. Most people dream of a nice bungalow, a lavish life, ample land around. A small bungalow also works. Land investments are always going to make sense. They will appreciate a lot.
■ How can one recover losses that have occurred during the pandemic?
You have different categories of performers this pandemic. One third is companies like Netflix and Jio who are doing well. Another 33% are breaking even, the rest are those losing revenues. They need to align themselves with the first category people who are earning high. Connect to sectors which are in demand and in the growth zones.
Another way to recover losses is investing—people will have to invest, not in bonds and gold but in real estate so they can recover their losses. An NRI’s best way to recover is from investing in assets in India.
Follow The Indian Sun on Twitter | Instagram | Facebook
Author, social entrepreneur, educationist, & business mentor @agnelorajesh on the #pandemic & its effect on the Indian markets. Chairman of St Angelo’s VNCT Ventures, he believes in the concept of learn, earn & return. #TheIndianSunhttps://t.co/UW8t0BbsXr
— The Indian Sun (@The_Indian_Sun) June 20, 2020
Donate To The Indian Sun
Dear Reader,The Indian Sun is an independent organisation committed to community journalism. We have, through the years, been able to reach a wide audience especially with the growth of social media, where we also have a strong presence. With platforms such as YouTube videos, we have been able to engage in different forms of storytelling. However, the past few years, like many media organisations around the world, it has not been an easy path. We have a greater challenge. We believe community journalism is very important for a multicultural country like Australia. We’re not able to do everything, but we aim for some of the most interesting stories and journalism of quality. We call upon readers like you to support us and make any contribution. Do make a DONATION NOW so we can continue with the volume and quality journalism that we are able to practice.
Thank you for your support.
Best wishes,
Team The Indian Sun
