India's real estate sector expected to see healthy demand in 2022: Report

Demand for office to rise as top IT companies increase hire; flexible spaces to have a good year in 2022, says Knight Frank's '2022 Outlook Report'

Knight Frank India, an international property consultant, on Thursday said in a report that 2022 may prove to be a more stable year for the pandemic-hit sector both for commercial as well as the residential sector.

In its ‘2022 Outlook Report', Knight Frank India said residential segment could see upto 5% rise in values in 2022.

"With physical offices here to stay, portfolio optimization and hybrid working are expected to be the dominant themes going forward driven by incremental demand from IT/ITes firms and the rebond of flexible office operators. For the residential sector further demand revival is expected with strong end-user