The future of Indian Real Estate
Charting new growth in times of new realities
‘It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.’
It is truly a reflection of our new realities that as the tailwinds of 2019 turned into the COVID headwinds of 2020 and early 2021, the Indian real estate sector began its journey of change, with milestones being technology and sustainability. The report focuses on what’s in store for the sector as it truly looks to respond to changed ground realities. Here’s a quick look at the key takeaways from the report.
- While the office markets remain off their highs, a rebound in demand showcases the long-term resilience of the Indian office market.
- In fact, hybridization of work supported by technology and renewed expectations from the workplace is shaping the future of work.
- Employees are turning into change-makers, driving employers towards positive climate action, demands from the built environment towards sustainability will only increase.
- While residential demand is rebounding, hospitality and retail segments are still on their journey of recovery.
- Warehousing and data centre segments have emerged stronger clearly outlining the role enhancement of technology in our lives.
- Capital allocation is also chasing assets in this new light with green finance a big part of investment strategies. Investors and users will be the drivers for the push towards sustainability.
The paper meticulously outlines significant trends and drivers that are set to reshape the future of the real estate sector. The key elements are focus on the future, adapting to the new realities and synergising business models while keeping technology in focus as an enabler and sustainability as a driving force for future action.