A prime South Mumbai property rose from ₹3,000/sqft in 2003 to ₹60,000 today, a 13% CAGR. Meanwhile, diversified mutual funds in the same period averaged 15-17% CAGR with higher liquidity, says real estate expert Mayank Agarwal. The insight, even premium real estate has underperformed equity funds on long horizons, making mutual funds more efficient for wealth compounding.