Author
The author is the Chairman & CEO - India, South East Asia, Middle East & Africa, CBRE
Industry expects continuation of broad policy frameworks and government's continued focus on capital expenditure and infrastructure development
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Technology has emerged as the key enabler during these times.
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As visualising a built-out space without an on-site visit can be challenging, potential tenants prefer to visit sites in person to evaluate whether a space is suited to their requirements.
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The emphasis on a ‘self-reliant’ India is based on the potential and the inherent strength of the country’s domestic demand.
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CBRE expects the growing emphasis on health and hygiene to help strengthen a culture of workplace wellness – a trend that has already gained considerable momentum in the real estate sector.
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From a taxation point of view, the increase in standard deductions to Rs 40,000 per annum will help individuals have more disposable income which could be channeled towards higher investments into real estate
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The demand for retail space is likely to remain strong during the year ahead, as occupiers from retail categories
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Home buyer confidence in the property market is likely to revive with the Real Estate Bill coming into effect
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The RERA Bill is among the key measures that the government has been trying to implement for the development and regulation of the realty sector in India
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