2022 has been a year of recovery after the Covid-induced disruptions impacted the sector. With one of the strongest growth rates in the world, India will continue to fuel demand for real estate. India’s economic fundamentals have remained robust compared to other economies despite a downturn.
Going forward, growth would be supported by investments undertaken by the private sector along with government incentives and reforms that seek to improve the business climate. India continues to be an attractive, resilient, and cost-effective investment destination among global businesses, and to contain costs, businesses have looked at India for business continuity.
India has a unique advantage of a large and youthful labour market and has risen in global business environment ranking and continues to be an attractive, resilient, and cost-effective investment destination. That said, we believe this trend will continue to dominate for the next few years as the real estate sector is expected to maintain its growth trajectory this year.
Pan-India Key Trends: Office
This story is from the 14 Jan 2023 edition of Businessworld India.
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This story is from the 14 Jan 2023 edition of Businessworld India.
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