How Office Real Estate is Defying Economic Slowdown
With the Indian economy clocking at around 4% GDP growth and the recent downgrading of India’s ranking by IMF, investor confidence appears to be at an all time low in the present moment. Consequently, it implies that the real estate may also show such signs. However observers were startled to find that this economic sector is defying all odds, especially commercial real estate. What they found was that a large number of companies, including SMEs, are pre-leasing commercial property to future-proof their financial portfolios and to hedge against future rental escalations. Different surveys point to this growth in various reports.…