As China continues to suffer under the weight of a collapsing real estate market, JLL weighs in on the risks and the opportunities, and where India stands.
The IT/ITeS, e-commerce, healthcare, and FMCG sectors have propped up the office real estate market, which is expected to record a net absorption of 32 to 35 million sq.ft. by the year end.
The rise in home sales across the country is because of historically low home loan rates, and discounts being offered by developers. And consumers are opting for bigger homes with a study room.
As the Budget 2020 gave 100% tax exemptions on interest, dividend and capital gains income to sovereign funds, consultancy firm JLL says it will “boost investments” in key real estate verticals.
