{"id":28595,"date":"2022-06-23T17:23:18","date_gmt":"2022-06-23T11:53:18","guid":{"rendered":"https:\/\/plyinsight.com\/?p=28595"},"modified":"2022-06-23T17:25:07","modified_gmt":"2022-06-23T11:55:07","slug":"industrial-logistics-segments-to-drive-realty-growth","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/industrial-logistics-segments-to-drive-realty-growth\/","title":{"rendered":"Industrial, logistics segments to drive realty growth"},"content":{"rendered":"

The second wave of Covid-19 has had a diverse impact in different segments of the realty estate sector in the first half of calendar year 2021. While the residential segment has seen growth, office properties have seen a hit.<\/p>\n

Comparison of residential sales in India <\/strong><\/span>
\nResidential launches and sales have picked up sharply in H1 of 2021 as compared to the same period last year, though the second Covid wave stalled the momentum somewhat in the second quarter this year. Residential prices have witnessed some correction and they are likely to remain in that range, at least in the near term. Developers continue to offer incentives to attract homebuyers. These include selective price discounts, price protection, free furniture, EMI holidays, and easy cancellations or refunds, among others. Sustained low borrowing rates will provide an added boost to housing demand. Residential sector in APAC markets remains resilient with higher sales recorded in 2020 despite the impact of Covid-19.<\/p>\n

Uptick in higher-priced homes is higher than lower-priced ones in recent months.<\/strong><\/p>\n

There are a multitude of factors contributing to this phenomenon. On the customer side, the pandemic ensured that people spent an unprecedented amount of time in their homes with families. The expectation from home as a space underwent a significant change. Larger houses, study areas and gardening spaces are some of the aspects that have emerged as new needs, post pandemic. Market rates are still lower than the old highs.<\/strong><\/p>\n

Outlook for office leasing in H2 this year <\/strong><\/span>
\nGross leasing fell by 16.9 per cent on a Quarter on Quarter basis in the top eight cities, although rentals remained largely stable. And, pre-leasing of under construction properties witnessed a surge in cities such as Hyderabad and Chennai. The biggest factor that is going to infuse optimism is the vaccination drive that is set to pick up pace.<\/p>\n

Shopping malls are likely to benefit from improvement in consumer demand as vaccination picks up, the employment scenario strengthens, and consumers witness an improvement in purchasing power gradually. Footfalls at malls are set to increase with landlords and tenants implementing health and safety protocols and ensuring social distancing. The third wave, if there is one, is likely to have a mild impact on the real estate sector.<\/p>\n

Some of the big changes in Indian real estate during the pandemic.<\/span><\/strong>
\nIt has seen a rise in focus on industrial and logistics as well as data centres. It is now acknowledged that these asset classes are likely to drive growth in the real estate sector over the medium to long term. They are increasingly attracting long-term institutional capital from large and global players. Also policies such as PLI for sectors such as electronics, IT, and Pharma are likely to drive demand for Grade A warehouses.<\/p>\n

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The second wave of Covid-19 has had a diverse impact in different segments of the realty estate sector in the first half of calendar year 2021. While the residential segment has seen growth, office properties have seen a hit. Comparison of residential sales in India Residential launches and sales have picked up sharply in H1 […]<\/p>","protected":false},"author":1,"featured_media":28598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2877],"tags":[2940,1275,2938,2939,2941,1029,2936,2937],"class_list":["post-28595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-june-articles-2022","tag-global-players","tag-home","tag-indian-real-estate","tag-industrial-and-logistics","tag-pharma","tag-pli","tag-reseential","tag-shopping-malls"],"yoast_head":"\nIndustrial, logistics segments to drive realty growth - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/industrial-logistics-segments-to-drive-realty-growth\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial, logistics segments to drive realty growth - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The second wave of Covid-19 has had a diverse impact in different segments of the realty estate sector in the first half of calendar year 2021. 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