India Office Opinion Report

The Indian office markets have been the one bright spark in the Indian real estate industry, especially in the current scenario when we are still in a prolonged slump in the residential sector. The domestic NBFC crisis has cast a long shadow on the residential refinancing market, which had been key for this asset class managing to keep it’s head above water in recent times. With residential sales on a slow recovery route and the GST impact still being felt, the commercial sector during the same period has gone from strength to strength.