Real Estate stock to grow by 200 million sq ft in 2019: CBRE – – Accommodation TAccimes

As per the report, 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.

Anshuman Magazine, Chairman & CEO – CBRE India said, “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, RERA among others. Technologies such as Artificial Intelligence, Augmented Reality, Internet of Things, Robotic Process Automation and Blockchain are trends that are reshaping how the Real Estate sector works.”

“We expect to see significant growth 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”, he added.

The retail market nearly 10- 12 million sq. ft. is expected to come on stream in 2019. Previously in 2018, 5.1 million sq. ft. of new retail developments became operational across the seven major cities in the country, the report said.

During 2018, the commercial real estate investment market witnessed few large-scale deals which led to about USD 4.7 billion of investments. Transaction activity was led by private equity investors focusing on office and retail sectors, while local investors focused on investing in land parcels for RE developments. The inflow of long term, patient capital from private equity and other institutional players – especially in office and retail has provided the sector with stability that will ensure a steady growth curve. In 2019, PE investments are likely to focus on completed and under-construction quality assets across the office, warehousing and retail segments; the residential sector will continue to be dominated by debt funding, said report.