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…]