Future of Indian Real Estate Market Post-COVID-19 Crisis
Anshuman Magazine, Chairman & CEO, India, South East Asia, Middle East & Africa, CBRE
India’s real estate market has grown tremendously in the past decade. Robust occupier interest, the rise of organised real estate developers, and the entry of institutional capital have acted as catalysts for the growth. Owning to the current situation and fluidity of COVID-19, the way we will live, work and play in the future is likely to undergo unprecedented transformation. However, this could be viewed as an opportunity to influence the future—and undergo focused innovation.
Recent years have seen the development of a wide range of technological solutions enabling companies to enhance resilience, maintain stability and ensure business and real estate continuity. The adoption of the digital tools has been gradual in some companies as they lacked the urgency or compelling reasons to alter their approach. However, COVID-19 has re-aligned companies to adopt digital solutions at an unprecedented pace in recent months, with the outbreak appearing to be a catalyst for change.