Investec on Real Estate Conference II Highlights key takeaways
The conference covered three key topics, (a) the future of stalled residential projects, (b) demand situation in CRE and (c) sustainability of sales trends in the residential sector. The demand for larger floorplates used by BPO and IT clients should be strong while demand for smaller floorplates from small business and front offices is going to be low, which implies that Bengaluru should revive first (followed by Hyderabad or Pune) while Mumbai may lag other cities.
8% of the projects launched since 2008 are stalled which equates to 4.5 lac units spread across 1500 projects. Of these, 44% are in NCR, 21% MMR and overall 85% in the top 8 cities: Reuters