CII in association with their Knowledge Partner, JLL India released a report titled “Is Indian real estate heading towards a tectonic shift?” against the backdrop of the CII 7th Real Estate Conclave 2015 organized by CII on 29 July, 2015 at Mumbai.
The study seeks to examine the transition that the Indian real estate sector has undergone over the past decade as each of the fundamental 4Ps of real estate – Players, Processes, Product and Places have witnessed a plethora of changes.
The core sectors of Indian real estate namely, Office, Retail, Residential and Industrial are independently evolving and are detailed in the report. In the current market scenario, where existing developers or suppliers have scaled up their operations significantly, a new breed of developers are finding innovative ways to grow and carve-out a niche segment of their own.
The study points out that corporate real estate teams will have to become more adept and skillful in order to make the most of the upcoming transition, and bring to light a rewarding portfolio for their companies. Further, for the homebuyers, recent changes and future transition will bring about a more transparent market that is not just sensitive to their needs, but also sensitive towards the ecology at large.
Key Content: 4P’s of real estate – the pillars of transition; Office real estate sector; Retail real estate sector; Residential real estate sector; Industrial real estate sector; Current innovations lay foundation for future transitions; Conclusion