India's Commercial Real Estate Boom

Commercial real estate sector in India has been going through a tremendous development in the last few years being fueled by the multiple factors like urbanization, globalization, favorable government policies and growing investors interest. The contemporary rapidly developing sector comprises a variety of premises including business offices, shops, industrial parks, and service centers in preparation for the different needs of businesses and consumers. One of the main factors that has shaped the commercial real estate expansion and growth in India is urbanization. With the migration of more people from rural areas to cities seeking for better opportunities, the demand for commercially viable spaces in cities has gone up. The development of these trends has, in turn, generated new commercial hubs and has also revitalized existing ones which translates to creation of opportunity for investors and developers.

Moreover, globalization has had a decisive part in the Indian commercial real estate growth. As the country is becoming one of the most desired locations for companies with multinational and startup backgrounds, the requirement for quality office spaces has remarkably increased. The mind set of developers is now changing since the trend of constructing cutting edge office spaces with high-end amenities has been on the rise. There is also a very critical component of government policies that has given a push to commercial real estate sector. Efforts like "Make in India" and "Smart Cities Mission" have brought about the favorable investment climate and sparked the interest in commercial projects. At the same time, real estate legislative reforms have increased transparency and improved investors’ confidence.

In this edition, we talk about the top companies that are redefining the future of this industry. After thorough examination of the field, Asia Business Outlook has uncovered the companies that have gained the edge through the exemplary approaches they have taken. Being one of the best examples of excellence in this field, these companies have proved to be of great value among all by having a strong and never-ending dedication to their customers.

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