India’s real estate sector is poised to live up to its potential
SCMP Opinion
23-05-22 14:00
While investment in India's commercial property sector is still a fraction of that in other Asian markets, economic reforms mean the country's real estate industry is undergoing a "once-in-a-generation shift and opportunity for companies and investors," writes Nicholas Spiro in the Financial Times. India has a national digital infrastructure underpinned by a biometric identity scheme, a single goods and services tax, and a regulatory regime to encourage real estate investment trusts, among other changes. Furthermore, India is proving to buck global real estate trends; for example, Indian office occupancy rates are higher because of the physical presence needed for tech services employees to do their jobs.