CREDAI and CBRE report suggests increasing investment opportunities in real estate sector

Investment opportunities in the real estate sector are likely to increase in the next decade, leading to significant growth in housing, office, retail and warehousing space, says a CREDAI and CBRE report.

Property consultant CBRE said the sector would expand tremendously by 2030, led by new asset classes such as co-working, co-living, student housing and real estate investment trusts (REITs). As per the report, the office space stock will touch one billion sq. ft. by 2030, with flexible workspace accounting for 8-10 percent of the total stock.

By 2030, the retail shopping center stock is estimated to cross 120 million sq. ft., while warehousing stock could touch 500 million sq. ft. by then. A residential real estate has the potential to almost double from the current stock of 1.5 million units in key cities by the same time.

According to the CREDAI-CBRE report “As the Indian economy transitions and its workforce expands, it will offer vast development and investment opportunities for the real estate sector.”

“The growth of cities is going to further influence the country’s built environment, while technology, demographics and environmental issues will become the new value drivers,” it added.

“India continues to remain a high-priority market for long term growth potential as is evident from the increased investment flows in the last few years,” said Satish Magar, the President of CREDAI  while commenting on the report.

On the other hand, Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE said “In the wake of positive policy reforms and emergence of a strong workforce, the momentum of India’s economic growth is steady and it will only grow stronger in the next 10 years.”

“Investment, improved governance, human capital upgrade, improved connectivity, infrastructure enhancement, strengthened institutions, policy reforms and integrated sustainability of the entire ecosystem are some of the factors which will further facilitate this growth trajectory,” he added.

No ratings yet.

Give Your Valuable Ratings

About The Author

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *