New Delhi, October 31 (IANS). India’s real estate investment trust market is expected to grow from Rs 10.4 lakh crore at present to Rs 19.7 lakh crore by 2030. According to a report released on Friday, this market will be supported by factors like high occupancy, good tax system and broader sectoral inclusion.
Knight Frank India has released a report in collaboration with the Confederation of Indian Industry (CII). The report said that as the sector is reshaped by urbanization, technology and progressive policy reforms, India’s commercial real estate will unlock new opportunities across all asset classes.
Apart from this, the report informs that private equity participation has also increased from $500 million in 2011 to multi-billion dollars in 2019, which has improved transparency and increased institutional confidence. As a result, it is becoming easier for REITs to expand into India’s growing commercial real estate sector.
Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, “India’s commercial real estate (CRE) is being transformed more than ever due to more global, technology-driven and experience-focused businesses. Additionally, consolidation in office demand, strong retail growth and rapid expansion of digital infrastructure have completely changed the behavior of occupiers.”
He further said that in today’s time, companies are feeling the need for green, future-ready space and capital markets. India is moving on the path of becoming a $7 trillion economy, in which CRE will be seen playing an important role in increasing productivity, creating next generation urban centers and attracting investments.
According to the information given in the report, retail consumption in organized format is estimated at Rs 8.8 lakh crore for FY 2025, which includes new-age formats like shopping centres, high street and airport and transit retail. This expansion reflects a clear shift towards experience-driven, consumer-centric destinations.
–IANS
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