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| EXECUTIVE SUMMARY |
• A strong US economy is encouraging US corporates to lease more office space in India, boosting demand and prices in commercial property • Across office, retail, industrial and logistics, occupiers are moving away from C-grade and into A-grade warehouses, further amplifying demand • Foreign investors new to the market are interested in the three ‘Ps’: they want a good partner, a good product and a good price • Within five years of its launch in 2019, the Reit market in India will be well on the way to being an important asset class • Risk-adjusted returns are at their highest levels in middle-income housing, as the market has not fully discovered that asset class • There is unrealized potential in commercial brownfield projects, as well as co-working, co-living and even student housing • The single goods and services tax has simplified the tax system but raised transaction costs for businesses • Demand for residential and commercial property is highest in big Indian cities. But it is also growing in tier-two, tier-three and tier-four cities |
Elliot Wilson, Euromoney India’s real estate sector is performing well after some tough years.
