Commercial realty fortifies Investor's & Occupier's confidence
Aman Trehan, Executive Director, Trehan Iris states that despite several headwinds, India's commercial real estate market remained well-positioned, heralding bullish sentiment. Despite several headwinds having had repercussions on the global economy, India's commercial real estate market remained well-positioned, registering robust growth and heralding bullish sentiment for the segment over the next couple of years. Growing urbanization, the country's resilient economy, government policies, and expansion of domestic and international businesses are key factors that have cranked up demands in commercial real estate comprising office spaces . India Ratings and Research (Ind-Ra) expects aggregate supply will remain steady at 7 to 9 percent on an annualized basis in fiscal 2024. Tracking global sentiment around commercial real estate, the report of the Royal Institution of Chartered Surveyors has endorsed that India has had a high demand for commercial space while...