India’s growing middle class and burgeoning retail and commercial sectors, coupled with the dearth of properties, make the country’s real estate market a potentially lucrative place to invest.

The real estate market of India is continue to grow due to the increasing middle class sectors as well as the flourishing retail and commercial markets but a real estate CEO knows which part of the market is starting to implode.

Anuj Puri, Chairman & Country Head, of JLL India which is formerly known as Jones Lang LaSalle said during the World Economic Forum in Davos, Switzerland that the luxury and premium properties in India's real estate market will be buckling.

“Mostly all sectors of India’s real estate market are good for investors apart from one — luxury and premium properties. A lot of developers got it wrong and didn’t realize that we don’t have many millionaires and billionaires in India so the luxury and premium market is going to take a beating. There’s too much supply and too little demand,” said Puri, according to Business Insider.

He added that the despite the growing middle class, data shows that in March 2015, there are about 18.3 million dwelling unit shortfalls. The housing in the area is lucrative that even affordable homes are at the price range of $75,000 to $100,000 and there is a huge demand for homes of that costing based on the JLL India-RICS survey.

Aside from the affordable housing, other potential areas to invest are retail, warehouses and commercial real estate which are growing in demand. He also said that retail properties are a great opportunity for investors because the demand of such is high.

JLL is one of the world’s leading and largest real estate and investment management companies. They have a $6.2 billion in market capitalization. Its country head, Puri oversees a team of more than 8000+ employees across 11 cities in India.