Source: CNBC TV18 —
The key force behind the resurgence and sustained momentum of commercial real estate (CRE) has been new-age accessible instruments like fractional ownership and REITs, writes Shiv Parekh, Founder, hBits.
As India emerges from the clutches of the pandemic and stabilises itself amid economic concerns around the Russian invasion of Ukraine, the commercial real estate sector has received a major boost fuelled by a host of factors. Commercial real estate (CRE) has recorded impressive growth in 2022, accelerating the momentum set in 2021 and looks poised to capitalise further on new emerging opportunities in 2023.
A major driving force behind the resurgence and sustained momentum of CRE has been new-age accessible instruments like fractional ownership and REITs. These instruments have enabled regular investors a share of the booming CRE pie and expanded the overall investment base.
Below are some of the expected trends for 2023:
Performance
As demand continues to soar steadily, the CRE sector is expected to grow to a market value of $1 trillion, up from $200 billion in 2021, and is expected to contribute to 18-20 percent of the country’s GDP by 2030, as per reports. It is expected that 2023 will see the sector spreading its wings as sectors like retail, hospitality, warehousing, data centres were spurred, by soaring demand and investments.
Warehousing & Data Centres
