Indian Commercial Real Estate to Witness Steep Growth in the Coming Decade
Indias fast-growing economy has created significant demand in commercial real estate comprising office, retail and co-working spaces, among others. While the growing urbanisation has already generated high demand in all these segments, the growth in the commercial real estate sector is equally driven by the expansion of domestic and international businesses. Bhutani Avenue 62 As per the market reports, the...
Indias fast-growing economy has created significant demand in commercial real estate comprising office, retail and co-working spaces, among others. While the growing urbanisation has already generated high demand in all these segments, the growth in the commercial real estate sector is equally driven by the expansion of domestic and international businesses.
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Bhutani Avenue 62
As per the market reports, the countrys commercial real estate sector is expected to reach a market size of $90 billion by 2030. It is growing at a compounded annual growth rate (CAGR) of 8 per cent. The favourable government policies such as Make in India, Smart Cities Mission and Digital India, etc., have contributed in achieving such a commendable growth.
The government's concerted focus on ease of doing business is one of the prime reasons why more and more foreign investors have queued up to enter the Indian commercial real estate market.
