International property consultancy JLL India’s latest research report ‘Rowing The New Wave: Game-Changing Rules For Indian Real Estate’ provides fresh insights on the real estate scenario in India.
The report points out that 6 million sq.ft. of mall space will be supplied in India in the current year.
Conclave Chairman Anuj Puri, Chairman & Country Head, JLL India said, “With the very real possibility of a huge increase in foreign investment inflows, it is certainly time for the real estate industry to get out maintenance mode and once again explore the field of opportunistic growth. This report provides a graphic view of the sector’s current and future opportunities, and the issues that need to be addressed to provide the needed impetus.”
Commenting on some of the foremost concerns of industry, Puri said: “With regards to the upcoming budget and forthcoming policy decisions, there are fairly large issues on which questions are being asked by all segments of Indian industry. Real estate is no exception, and there are distinct areas of concern for this sector. These include whether or not FDI will be allowed to any extent in multi-brand retail and factors relating to the overall FDI policy, such as the term over which foreign funds would have to stay invested in the country before exiting. Whatever changes await, we must be ready for them and plan accordingly.”
The report discusses the impact of infrastructure development on real estate, reinvigorating growth in retail real estate, demand and supply dynamics in India, and the key challenges for the sector.
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