What's next for - India's office market?
September, 2017
Mumbai
CBRE along with CII launched a
report recently on 'real estate 2020' and highlighted how the following
themes will define the office market by 2020:
Advent of technology
With new and innovative technologies such as
artificial intelligence, big data, data science, the internet of
things, cyber security and cloud computing, etc. being adopted by
corporates, mundane backend and regular business processes are becoming
increasingly automated.
Rising agility
Occupiers, while continuing to expand or
consolidate their operations in India, have become increasingly
cautious, while deciding their real estate footprint. This cautious
sentiment, in turn, has resulted in rising agility across all
aspects of office space requirements: space usage, workplace design,
leasing structures and even location.
Credits : www.freepik.com/
Innovative workplace strategies
Co-working space in particular is also
expected to act as a key 'differentiator' to attract talent, especially
the millennials. It is expected that with occupier focus on business
operations over real estate decisions, increasing occupier awareness of
co-working as an alternate option, the rising acceptance of remote
working and an increased preference towards flexible leasing terms will
be factors that will drive demand for co-working spaces.
The rate of enthusiasm on home credits is by
and large in the scope of 9-12 for each penny, contingent upon the sort
of moneylender and the profile of the borrower. The rate of
enthusiasm on advance against property, is for the most part higher than
home advances however lower than individual credits. The rates may change from 11-14 for every penny, again relying upon the kind of bank and profile of the borrower.
Increased transparency
It is anticipated that with the
implementation of RERA and future REIT listings, there would be a
paradigm shift in the mindset of the global investor. The risk
associated with Indian real estate is likely to reduce, given that only
leading, trustworthy developers with proven track records would be
operating in the coming years.
Check out Projects in Ghodbunder Road by Squarefeet Group in Thane
No comments:
Post a Comment