Real Estate Market Outlook 2019
Significant growth is expected across segments, which will lead to the addition of almost 200 million sq.ft. of new real estate space in 2019 across categories including office, retail, residential and logistics, as per CBRE report on ‘Real Estate Market Outlook 2019 – India.'
India continues to retain its position as the world's fastest growing major economy on the back of improved investor confidence and better policy reforms. The IMF's database also suggested that India's contribution to world growth has increased from 7.6% during 2000-2008 to 14.5% in 2018. The CBRE report highlights 2019 trends and dynamics across various segments in the real estate sector in India.
The current government's pro-reform policies have yielded positive news for the equity market and investment inflows, thereby positioning India as an attractive business destination. The growth of the Indian Real Estate market in 2019 will be driven by numerous factors including technology, demand-supply dynamics, improved ease of doing business rankings, and the dust settling post the implementation of reforms such as GST and RERA, among others.
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NBM&CW July 2019
