Find a Commercial Property in India today

Did you know that India’s real estate sector is the second-largest employer in the nation after agriculture? This sector consists of 4 sub-sectors, which are housing, retail, hospitality, and commercial. All of these subsectors are likely to grow at double-digit rates in the next 10 years. Notably, commercial real estate has been the one attracting the most attention from investors across the globe. The segment has transformed the landscape of the Indian real estate domain in recent years.

The tremendous rate of urbanization, inter-state migration, and the steady increase in the population of the aspiring youth in the major cities of our country have led to a significant boost in demand for commercial real estate projects. Many governmental policies such as the relaxation of foreign direct investment, Make in India campaign, and the introduction of GST has brought about this change in the real estate market. Technology, too, has played a pivotal role in transforming the sector and advanced infrastructure has set a new benchmark. From a fully automated control system to a personalized lighting system, and from system-powered connectivity to state of the art infrastructure, technology is what has been pushing and supporting businesses today. The popularity of highly adaptive co-working space has increased in recent years, along with the A-grade offices in India, especially in tier 1 metropolitan cities such as Delhi, Mumbai, and Bangalore. The demand for ultra-modern commercial spaces has also surged in the tier 2 cities such as Bhopal and Indore along with peripheral areas.

The future of commercial real estate looks very bright as the demand for flexible and co- working spaces is bound to triple in the next three years, fuelled by start-ups as well as big corporates. In the approaching time, it is expected that the footprint of e-commerce will expand massively. According to industry sources, commercial realty markets maintained their momentum of growth through the end of last year, as net absorption continued at a high level across significant property types. Demand exceeded supply growth for office, retail, commercial land, and serviced apartment markets. Also, high street retail, along with malls, and showrooms are expected to show growth in a big way in times to come. According to recent data, the retail sector is expected to grow from $672 billion in 2017 to $1.3 trillion in 2020. This is chiefly due to the increasing focus on the retail sector by private equity (PE) players who invested about $300 million in Indian retail in the first half of 2018.

Conclusion: From the above factors, it can be safely inferred that the retail sector in India is going in an upward direction. And this positive trend will see many more people investing in the commercial real estate sector in India. The industry is in full swing with the change and hopes to capitalize dramatically on this trend. Lastly, it can be said that the segment can turn out to be a game-changer in the field of the real estate sector in the years to come.