Growth forecasts of commercial realty look hopeful in second half of 2021

0
338

The second wave of the disease – just like the first wave – has affected both housing and businesses in recent months. However, its impact was limited, as developers were more prepared at this time. Fortunately, due to the collapse of Covid’s affairs, he also began to buy real estate again, and with this business, uplifting songs began to emerge.

The business model has seen an increase in speed in the country’s cities, led by the IT / ITeS segment. According to a recent report by JLL, the admissibility of Indian offices stood at 4.39 million square meters in the second quarter, showing an annual increase of 32% in major cities. “Due to the difficulty of blockchain in the country in the second quarter, the declining revenue was down by 16% compared to the previous quarter.

In a report, Anarock said 7,400 90 million square meters of offices will be renovated in the top 6 cities by 2021. This is because many IT companies are conspiring as they fast business world. After the disease.

In addition, as well as sentiments on the future of real estate partners, the outlook for the office marketing business also shifted in the second quarter of 2021, both for leases and leases, according to and the 29th edition. A Knight Frank-FICCI-NAREDCO Real Estate Sentiment Faasino Upu Q2 2021

“The demand for broadcast offices or businesses will expand beyond the scope of the integration and expansion of office satellites, follow the hub and speak models,” said Drs. Niranjan Hiranandani, president of the country, NAREDCO and MD, Hiranandani Group.

 “By 2021, the Delhi-NCR listed market is expected to grow by 20-25%, with most of the activity being done in the second half of the year. It needs to be encouraged by residents. in technology, BFSI, consultants, and manufacturing facilities. The Delhi-NCR region has a supply pipeline of 8.5 million square meters, Gurugram is likely to complete more than the rest of Noida, “it said. of Sachin Gawri, founder and CEO, Rise Infraventures Ltd.

“Since last year, especially after Covid 2020, we have witnessed a tremendous increase in business demand in Noida. And so again in 2021. After the sudden start in April and May, job activity began to accumulate in June 2021, due to reduced illness and good rest in blocks, both of which are important for job motivation. Buy real estate has proven to be effective. become the most tempting choice option for individuals and investment organizations.

“In the first half of 2021, office listings fell to a six-year low. However, as the vaccine slowly returns, the second half looks to be good for all parts of the office and stores. While a rapid change in demand in the future is unlikely, vacancy is expected to fall in the future quarters when offices reopen and visitors re-visit large stores. Recent reports have advised investors to expect to increase their spending efficiency, ”said Siddharth Katyal, Director (Planning and Planning), Omaxe Ltd.

Follow and connect with us on Facebook, LinkedIn & Twitter

LEAVE A REPLY

Please enter your comment!
Please enter your name here