Key Highlights:

• The demand for CRE is seeing an uptake especially from the IT sector since the cost of operating in India is lower compared to other markets as well as the large pool of talent the country has to offer.
• A strong penetration of flex office spaces will be seen in Tier II & III cities since organisations want to be closer to employees who have moved back to their hometowns in these cities.
• India has been on a digital transformation journey and is known as the outsourcing hub of the world. With that journey continuing to grow the industry will see hotelization of spaces by 2030, since flexibility is demanded by the new workforce.
• In the coming years, with hotelization of spaces, residential segments, malls and offices will overlap with each other. Therefore, development companies will become service companies.
• There is an increased focus on development because of quality supply especially due to lease and up lease models.
• The CRE market is predicted to grow from an investor perspective in multiple asset classes.
• Nearly 50% of the real estate is institutional in terms of ownership, so there is a lot of pressure from investor partner in terms of rental pressure and future retention.
• A lot of demand for flex offices can be seen from start up businesses. Corporates are now looking at distributed models of working in tier II & III cities which will give rise to flex spaces.

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