An Overview of Commercial & Residential Real Estate Markets in India

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It was a boom for commercial real estate in 2019 and the same is likely to continue in 2nd half of 2020. Commercial real estate is expected to witness the gross absorption of 54.3 million sqft in India’s top seven cities including Delhi NCR, Bangalore & Hyderabad. While the developers are continuing to be optimistic in commercial real estate, the case is totally different when it comes to the residential real estate market.

At the time when commercial real estate is on boom, 2019 didn’t have very encouraging news for the residential segment. Some of the reasons that are cited by the property consultant Anarock are lower than expected buyer sentiments, liquidity crises and faltering GDP growth. This is because of urbanization taking place at a very high volumes where people are moving from far-off places and other states to these metropolitan areas in search of jobs at all levels and for the facilities that these cities have to offer. This in turn has increased the demand for rental housing.

The major turn in residential real estate market will be seen in 2nd half of 2020, and the financially strong developers will stay ahead in the game. 

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