opportunities for developers and investors in India by REITs
Property tax increased to 18% Mundhe proposal rejected
March 13, 2018
Flyover between Dwarka & Datta mandir moves closer to reality
March 13, 2018
The landscape of real estate in India has been evolving rapidly over the last decade and half. Earlier, office buildings in India used to be primarily with small floor plates and single buildings without many amenities. These buildings were strata sold to investors / occupiers.
These investors then rented out space to clients. Quality of the buildings in those days was not great and maintenance was a big issue as there were multiple landlords. Since the IT boom of the early 2000’s many global multinationals have started coming to India or have signed up for captive process centres in India. These companies majorly started creating a demand for high-quality office spaces with large floor plates and high specifications.
Since they had large size requirements, running into many thousands or sometimes lacs of square feet, they needed a single landlord to deal with. With this high demand, developers in India started developing world-class office spaces and campuses for occupancy by large clients in the IT, BFSI and other sectors.
