The property market of Delhi-NCR is witnessing a boost from the past some time and the biggest reason for this positive move is affordable housing. In fact, the factors like economic and social conditions play a pivotal role in conversion of the prospects into property owners. Apart from these issues, the recently introduced Affordable Housing scheme is offering new dimensions to the real estate sector of the national capital city and its surrounding areas. This policy has not only creating positive vibes for the real estate sector but is also proving beneficial for the infrastructural development.
Investing in residential real estate is one of the most popular ways of wealth generation in India. People look forward to buying residential property at affordable rates to earn significant returns when the values appreciate. Leveraging on the high demand of affordable residential realty, developers are launching a number of such projects.
In a recent interview with the Financial Express, property consultant JLL India said that it makes sense to buy properties that fall between Rs 2,500-5,000 per sq ft. Such a value provides benefits of no capital value erosion and stands affordable for the mid-segment buyers. However, JLL chairman Anuj Puri further added, the investors must restrict themselves to Tier-I and Tier-II cities. [Read more…]