Indian Real Estate: The Outlook For 2011 by The Real Estate Intelligence Service division of Jones Lang LaSalle India
Outlook: Commercial Real Estate
- Office rents to start appreciating after mid-2011
- More outright purchases by occupiers as well as private equity players
- IT/ITES and BFSI would continue to account for 60-70% of office demand
Outlook: Residential Real Estate
- Launch of premium products to continue, albeit at a slower pace
- Launch of Ultra Low Cost (ULC) Housing by private developers – ‘Housing for all’
- Large number of launches would continue to be in the range of INR 2,000-3,000 per sq ft at the leapfrogged suburban locations
- Impact on affordability will influence the price and absorption dynamics
- Sustainability to gain focus as the industry looks forward towards IGBC Green Homes standards
Outlook: Retail Real Estate
- More collaborative models such as revenue sharing to emerge in the sector
- Rents to remain stable except select prime locations
- Large number of malls slated to become operational
- Retailers would continue to expand beyond Tier I into Tier II and III cities
- More international retailers to venture into India
