JLL listed parameters for safe investment
People looking to buy homes should invest in properties in the range of Rs 2,500-5,000 per sq ft as this price tag provides protection against any capital value erosion and guarantees appreciation, according to realty consultant JLL India. In its report ‘Creating Wealth with Residential Real Estate Investment’, JLL has listed out various parameters for safe investment in housing segment with reasonable price appreciation.
“Effective investment in residential property requires the chosen location to meet certain parameters. Fundamentally, the area should have good social infrastructure, availability of adequate public transport and sufficient economic activity to sustain development and growth,” said Anuj Puri, Chairman and Country Head, JLL India. In order to mitigate most of the investment risk, he said residential property investment should be restricted to Tier 1 and select Tier 2 cities.