Why is land not an asset class? Because land is not created to store value. Land creates value. Every major city in the world was built on a piece of land that once appeared ordinary. Before BKC became Mumbai's financial district, it was land. Before Navi Mumbai became a growth corridor, it was land. Before airports, highways, metro networks, business districts, and residential townships emerge, land comes first. What makes land different from other asset classes? Stocks generate returns through business performance. Gold derives value from scarcity. Bonds derive value from cash flow. Land derives value from transformation. Its true value is not determined by what exists today. Its value is determined by the future economic activity it enables. Why is land becoming increasingly important in India? India is entering one of the largest urbanisation and infrastructure cycles in its history. Projects such as: • Navi Mumbai International Airport • Mumbai Trans Harbour Link (...