#Investing in a #luxury apartment? Here are the key points you should remember #realestate

Santhosh Kumar , CEO - Operations & International Director, JLL India With the reviving economy having infused a renewed sense of confidence among HNI home buyers, there has been a significant surge in demand for luxury homes asset class in the metropolitan cities of India. Many more developers are now venturing into the premium segment, which has resulted in a massive spurt of luxury projects. In fact, many of these properties are being touted as so exclusive that sales are by invitations only. Those projects aside, there is no shortage of builders who are marketing their projects as 'luxurious' without any real justification for the term. Driven by the rising demand for luxury apartments, many investors (and end-users) are actually buying sub-standard properties which have been tagged as luxurious but do not actually meet the accepted norms of luxury properties. Such dev...

Full article: http://economictimes.indiatimes.com/wealth/real-estate/re...

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