- Date : 22 May, 2020
- Moderator :
Abhishek Goenka
CEO, CoWrks - Industry leaders :
Abhinav Ram Reddy
Director, GAR Corp
Irfan Razack
Chairman & Managing Director, Prestige Group
Raj Menda
Co-owner and Corporate Chairman, RMZ Corp
Webinar: Indian Real-estate and its future
In conversation with Industry leaders, this session will throw light on:
- Overview of Indian real estate industry and impact of covid19 across property types- residential & commercial
- Outlook and Investment opportunities
- A macro overview on global real-estate trends and investment opportunities, if any, therein
Key Takeaways
- The major impact on the real estate industry has been stalling the construction. Rest, it has been business as usual where commercial RE witnessed lease renewals while residential sector had more queries flowing in.
- WFH may have become the new norm. However, it is yet to evolve as a culture. Hence, demand for office space is here to stay. Additionally, office space is required to house data servers for business securities.
- There would be no new supply in the residential space. Aim is to sell the existing inventory and then supply projects with innovative designs that accommodate newer requirements
- FDI in real estate could see a slight drop in the next 1-2 years, as most investors would turn to home-based distressed purchase opportunities.
- Listed real estate developers will be preferred by both the investors- commercial & retail.
- Future investment opportunities are in the commercial sector that offer better returns. Warehousing too will be an asset class to watch out for.
- Investing in real-estate is always recommended as it’s a sturdy, long-term and a tangible investment.