"The year 2021 was a watershed moment for India’s real estate sector. Even when the going was tough, the sector not only remained resilient but also emerged stronger than expected."
The rapid expansion plans by the major coworking players, and the pandemic-triggered need to re-strategize workspaces, indicate a bright future for this new asset class.
Colliers estimates that landlords and developers have a scope to upgrade around 100 mn sq ft* (9 mn sq m) of office space in the top six cities accounting for 14% of the existing stock
India stands at the threshold of a new wave of industrial growth; and over the last few months, propelled in part by the economic slowdown, the central government and several state governments have initiated policies and reforms to make India competitive for global firms.
Small operators will not be able to sustain due to their disproportionate exposure to start-ups and SME tenants that do not have the financial muscle to outlive the coronavirus pandemic
Supply chains disrupted. Reverse migration of workers. Macro-economic uncertainty. WFH becomes the new norm. All of these factors, and more, are leading to major tectonic shitfs in the real estate industry
Many IT/ITeS companies and other corporates are now warming up to the notion of shifting a significant chunk of work, be it coding or non-client-facing back-office functions, out of offices and into their employees’ homes.
