Return of large deals will push up realty space absorption by 15-20%: Colliers CEO
The Hindu
Omicron may turn developers, occupiers cautious in Q1 2022, he says
Global investors, looking for stable yields and steady returns, are expected to have strong exposure to India's new-age realty assets such as data centres, cold storage, co-living and other emerging portfolios in 2022, said , CEO, India and MD, Market Development, Asia, Colliers, in an interview. Excerpts:
The year 2022 is expected to see growth in real estate, after facing pandemic-led shocks in 2020. Economic activity is in full gear, with GDP growth pegged at 9.5% for 2021-22. The fast pace of vaccinations is encouraging occupiers to bring back employees to offices. Buoyed by the growth in e-commerce and the need for same-day delivery, the warehousing sector is likely to see increased traction over the next few quarters.
Technology will continue to be the predominant theme across the realty sector. On the residential front, sales momentum is expected to continue in 2022. Low home loan rates, stamp duty concessions and realistic prices will give confidence to homebuyers and fence-sitters. Large deals are back in the sector and this trend will push up the absorption by 15-20% in 2022 over last year.