रियल एस्टेट क्षेत्र एफएम सीतारमण द्वारा घोषित उपायों का स्वागत करता है

Capital Inflow in Indian Real Estate Exceeds $53 Bn Since 2008: Report

The capital in­flows into Indian real estate have surpassed $53 billion since 2008. Interestingly, investment during 2014-Q1 2019 accounted for 59% of the total infl­ows into the real estate sector since 2008, as per Colliers International India’s new research. The report outlined the current situation and challenges in the real estate market and highlights how the concerns can be turned into opportunities, paving the way for future success. Some of the pressing points and key recommendations, which were discussed by the stakeholders at the RICS leadership conference, are: Regulatory Reforms The Indian economy has witnessed strong growth over the last five years, marked by a revival in business confidence, along with FDI friendly government initiatives. As the sector moves towards transparency brought about by professional management, necessary disclosure and reporting norms need to be adopted across the sector. Project sanctions through single-window clearances and regulations must go hand-in-hand, in a view to promoting the sector. There is an urgent need to make policies and regulations in the industry more accessible to the public as well as industry professionals, as they are often convoluted. Investments Investment in real estate has been increasing over the last few years, as a result of improved investor confidence led by the aforementioned reforms. As per Colliers Research, the capital in­flows into Indian real estate have surpassed USD53 billion since 2008. Interestingly, investment during 2014-Q1 2019 accounted for 59% of the total infl­ows into the real estate sector since 2008. Office Market The strong macro-economic environment and FDI-friendly government initiatives have propelled the commercial office sector. As per Colliers Research, from 2019 to 2021, it is expected that the commercial demand to remain healthy, with average annual gross absorption of 49 mn sq ft till 2021. The upcoming annual average supply of 66 mn sq ft till 2021, competitive rent levels, and developing infrastructure in cities are likely to work in India’s favour. “The strong macro-economic environment and FDI-friendly government initiatives have propelled the commercial office sector. We noted 2018 to be the best year for office demand, with gross leasing activity of 50 mn sq ft. The market is recording high preleasing activity as occupiers plan ahead, suggesting robust absorption and therefore continued market growth over the next couple of years”, said Sangram Tanwar, Managing Director, Mid-India, Colliers International India. Flexible workplace use is likely to continue to be a large demand driver. On the other hand, global in-house centres are likely to take up large tracts of office space in top cities, with an increased focus on innovation through technology. The government must consider extending the direct tax benefit provided by Special Economic Zones (SEZs) beyond the sunset clause in 2020. Source: Accommodation Times

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