Commercial real estate News
Anuj Puri, Chairman of ANAROCK Group, said that the forecast for the Indian CRE sector is cloudy with chances of sunshine. A global recession would have several direct and considerable repercussions on the Indian commercial office market, he said. Harsh Vardhan Patodia, President, CREDAI, said that despite the macroeconomic challenges, the outlook for commercial real estate in 2023 is still positive.
Major real estate markets across the Asia Pacific continued to perform well in the third quarter of 2022, despite the loss of some growth momentum Difficult macroeconomic conditions marked by high inflation and rising interest rates hampered the growth momentum. Investments in the commercial office sector In India saw a revival during January-September 2022.