Real estate story
India is a high-growth economy with rising middle class consumption leading to secular demand uptick across real estate asset classes.
Residential: Early stage of residential asset class up-cycle after a multi-year downturn. Record residential presales in top 8 Indian cities. Booming second home and luxury market post pandemic.
Commercial: Robust recovery in office and retail post pandemic. Indian cities registered one of the highest office absorptions globally led by stable and rising demand from Global Captive Centers of MNCs.
Public sector focus: Government focus on rapidly modernizing urban infrastructure and mobility and regulatory support for new integrated mixed-use townships offering tremendous opportunities in urban planning and design.
Market maturity: Discerning next generation of promoters in real estate sector looking to incorporate best-in-class international concepts to evolve product offering across asset classes. Flight to quality is observed on the demand side with higher willingness to pay for differentiated offering.