Savills India expects CY23 to witness gross absorption to the tune of 48.5 million square feet, meanwhile annual supply infusion is expected to stand at 61.5 million square feet by the year end
Suren Goel, partner, RPS Group, brings in some of the main factors that can influence the future outlook of commercial real estate and some potential trends for 2023-24
The office sector continued to drive the investment inflows accounting for 55% of the total inflows during the quarter, followed by the residential sector at 22% share. Investment inflows in the office sector rose by 41% YoY at $0.9 billion, led by select large deals.
