Current government’s continuous efforts to improve trade relations has refined India’s position globally, and has attracted more FDI in the recent past. This liberal regulatory framework has resulted in increased investment into the commercial space and thus making the country a perfect investment destination.
According to the recent CBRE 2017 Asia Pacific Occupier Survey report published in HT, MNCs as well as Asia Pacific-based companies have aggressive expansion plans for India and China over the next three years. In the Asia Pacific region, more than 80% of Indian respondents plan to hire more people in the next three years. This reflects India’s growing economy, steady progress in enacting regulatory reforms and booming outsourcing and ITES sector.
The major sectors represented included banking and finance (32%), technology and telecommunications (14%), insurance (12%) and manufacturing (12%). “Multinationals’ relentless focus on driving down costs has fuelled Asia Pacific’s booming outsourcing sector,” says the survey.
The dominance of IT-ITES is expected to continue for some years. There is a growing positivity among the commercial real estate sector and now buyers are hoping for an all new phase of growth in the coming years. Because of timely execution pf projects by developers like Viridian Red’s WTC Noida, investors are ready to invest in trusted brands. WTC Noida delivered it’s Phase 1 on time and this largely changed the buyer’s opinion towards the market. Commercial assets are believed to provide steady cash flows and hence they attract large number of investments.
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