Ramesh Nair, CEO & Country Head, JLL India - "With economies in a deeper recession than anticipated and rising stock market volatility, real estate has emerged as the most preferred asset class for investments, much ahead of mutual funds and equities.
During exigencies such as the current one, physical assets render the highest sense of security and people are realizing the importance of having real estate in their investment basket, as a more reliable option offering steady returns.
Property values in a majority of India’s prime residential markets have remained more or less stagnant in the past few years. Select developers in certain markets are providing price discounts to genuine homebuyers thereby leading to further rationalisation of prices. Combined with restricted new supply and steady rental demand, property yields are likely to gain."
