Housing And Coworking Segments Continue To Witness Growing Interest From Investors
“2019 will be another tough year for the Indian real estate sector given the liquidity crisis, high cost of capital and below par sales. However, the uptick in demand and supply in the affordable housing segment may provide the necessary push to the residentialsegment. While residential sales are muted, the industrial and office market continues to show immense growth” says Suresh Castellino, Executive National
The slowdown in NBFC funding for developers continued in Q1, resulting in a liquidity crunch and limiting the completion of existing projects and new launches. The warehousing sector continued to witness growth with increasing interest from institutional players, thanks to greater clarity on GST from the central and state governments. Grade A developers continued to develop international-standard industrial townships, including logistics and warehousing facilities, following a single-window clearance approval from the central government.
With the launch of India's first REIT in Q1, global and domestic investors continue to show an interest in income generating assets, including retail malls and warehousing/logistics parks, as well as conventional Grade A commercial office stock.
Alternate asset classes such as co-living and student housing are expected to continue to gain traction from investors and users going forward, along with other income-generating asset classes, such as retail malls and warehousing/logistics parks. With the announcement of general elections major players, including global investors, will adopt a 'wait-and-see' approach. And, depending upon the success of the Embassy-Blackstone REIT, many more REIT players could hit the Indian markets.
• Modern workspaces must be adaptable and ergonomically sound. Cast iron, plywood and hanging plants are also requisite.
• Dispatching from creative companies and desirable desk spaces, they track down the designers responding to evolving working behaviours.
• Buzzing with energy, coworking spaces boost productivity and provide cozy environment to the workers.