ANSHUL JAIN
CEO, India
+91 124 459 7500
WHAT IS IN STORE FOR THE FUTURE
Demand is largely going to come from the traditional
sectors such as IT, banking, financial services industries and
telecommunications organisations. Banking is a sector which is
set for a new innings, with the Reserve Bank of India expected to
release at least 10 new licenses for new banks to operate in India
— these could be local or domestic banks, non banking financial
companies (NBFCs), corporates or international banks.
The sector from which a large part of the demand will come
from is the IT sector, which is expected to continue to be the
largest occupier of new demand in the country. The reason
for this dominance is quite clear — with the U.S. and Eurozone
economies getting back on track, they are expected to fill up
the order books of the IT companies in India, whose 80% of
revenues come from exports to these two afore-mentioned world
economies. As investments in the IT sector flow in, there will
be more job creation, which will ultimately translate into higher
demand for office space.
This is a good time for occupiers who are in the process
of looking for expansion of their business. The good
news for occupiers is that at the moment, most-micro
markets are occupier led markets, where rentals are
still about to start their long-term upward growth trend.
Occupiers would do well to enhance their real estate
portfolio by moving into larger spaces which may be
priced at a competitive level to their present location.
Click here to
listen to DTZ’s
Anshul Jain talk
about the real
estate market
in India
DTZ | In Situ
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