Launch of India’s First Property Exchange Scheduled for June

February 22, 2007	(1 votes, average: 2 out of 5)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

A property exchange allows investors to sell and purchase property whether online or offline. Now, property exchanges, prevailing in international real estate sector, have landed in India.

Jayadaad.com is coming up with a first-of-its-kind property exchange by this June, which will be called as National Property Stock Exchange (NPSE).

Industry watchers are of view that investments in real estate are always preferred over investments in stock or gold. It is liquidity that has been the core area where the sector takes a thrash as compared to other investment prospects. Property exchanges hope capitalizing on the investment opportunity by taking care of this factor.

While trading in property through local dealers and websites is widely prevalent, a property exchange does more than just that. It not only offers trading in a much more organized manner, it also offers an index of property rates across the country.

The shift is towards encouraging small investors to join the loop, enable them to yield the profits of the real estate boom. Further, liquidity will bring more improvements in the sector thereby overcoming the hurdles preventing investment inflow.

The name, National Property Stock Exchange (NPSE), has already been registered as a company. SK Jain, CMD, Jaaydaad.com is working on the plans to create a Rs 500-crore corpus with a bank to bring liquidity. In case, a buyer wishes to sell the acquired property within 7 days of buying, he will avail the market price, which means no losses at all.

The NPSE will be set up in accordance with the guidelines laid by the government for a stock exchange.

News Published Under:   Real Estate India, Banking and Finance |

Comments