The office stays: How commercial real estate will survive Covid-19 crisis

Companies can't make work-from-home a permanent feature of their business. India's commercial real estate market will do well despite the pandemic, writes Anshuman Magazine

India’s commercial real estate (CRE) market has grown in strength in the past decade or so. Robust occupier interest, the rise of organised real estate developers, and the entry of institutional capital have acted as catalysts for the growth in CRE. Strong interest from sectors such as technology, banking, financial services, research, and consulting coupled with operators providing flexible space resulted in a sustained annual growth in office absorption. In 2019, gross office space absorption crossed the 60 million sq ft mark for the first time ever and touched a historic high of 63.5 million sq ft, registering a growth