Real estate Outlook of India
In last two years almost all sectors in world have seen a negative growth due to covid outbreak, real estate sector is not an exception. Although last few quarters in 2021 have been encouraging for the sector. As per the Knight Frank report titled ‘Real Estate Outlook 2022’, India’s realty sector is showing signs of healthy growth in 2022 with steady performance and quick revival. The real estate sector regained the buyer’s and investor’s trust and further picked up the growth momentum. In residential segment first three quarters of 2021 saw a Y-O-Y hike of 27% and 5% on supply and sale respectively. Whereas in commercial segment, office leasing activity saw 140% q-o-q growth in Q3 2021. In Asia Pacific, total demand for office was 80 million sq. ft. it came down by ~60% in 2020 and in 2021 it came back to 60 million sq. ft. In 2022, 2023 we are expecting a surge up to 80 million
