Defying the Odds
The office market takes up only 12-15% of the real-estate sector in India and while its health is affected by the same factors that govern the industry as a whole, there are some voids (in urban hubs) within which it is not only staying afloat, but thriving like never before.
The 3 words – PREMIUM OFFICE SPACE
Over the last few years, large foreign investors & sovereign funds have been rushing to the Indian market in pursuit of flagship properties – mostly from Mumbai, Bangalore or NCR.
This year, these properties have been able to attract more potential investors that include the ‘big boys’ of global real estate (like Blackstone & Brookfield) who are willing to take risks and enter fierce bidding wars for the shining skyscrapers.
Industry experts hint that this approach is a result of the demand that is purely driven by multinational companies & tech startups that are building their base in India.