Real Estate Sector Witnessing Growing Investments
Office space demand expected to grow by 16%
According to property consultant JLL, office space demand grew by 18% to 23.4 million sq ft on a year-to-date basis. This growth was driven by strong economic fundamentals, demand for quality space, institutional investments in commercial office assets and the co-working office trend catching up in key markets. Office space demand is expected to grow by 16% on a y-o-y basis to over 33 million sq ft during the same period in 2019.
According to a report by CBRE, due to growing consumer demand, quality retail real estate development and stable economic & political environment, the retail real estate sector is witnessing growing investments by private equity funds and institutional investors. With India set to become the largest consumer market by 2025, there is a significant rationale for developers to invest in retail real estate.
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Companies increasing dividend payouts
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Markets update
Rise in share prices of IT, FMCG and Bank stocks pushed up benchmark indices this week. Nifty closed up 3.32% at 10,876.8, whereas Sensex closed up 3.47% at 36,194.3.
The GDP growth rate for the September 2018 quarter was 7.1%, marginally below the consensus estimate of 7.4%. Infrastructure output during October 2018 grew by 4.8% on a year-on-year basis, in line with street estimates.