Companies can’t make work-from-home a permanent feature of their business. India’s commercial real estate market will do well despite the pandemic, writes Anshuman Magazine
Current Affairs : India’s business land (CRE) showcase has developed in quality in the previous decade or something like that. Vigorous occupier intrigue, the ascent of sorted out land designers, and the section of institutional capital have gone about as impetuses for the development in CRE. Solid enthusiasm from parts, for example, innovation, banking, budgetary administrations, investigate, and counseling combined with administrators giving adaptable space brought about a continued yearly development in office assimilation. In 2019, net office space ingestion crossed the 60 million sq ft mark unexpectedly and contacted a notable high of 63.5 million sq ft, enlisting a development of right around 30 percent contrasted with 2018. Office stock across seven driving urban areas crossed 640 million sq ft and it is relied upon to cross 660 million sq. ft. before the current year’s over.
Most occupiers either plan to or have just settled community innovation stages, such as giving video-conferencing apparatuses or improving VPN, to suit remote working during the coronavirus pandemic. Occupiers are probably going to stress on representative security and business progression. They will take up transient measures to cling to social removing standards, for example, those recommended by the World Health Organization, while starting activities. These measures will incorporate staged reviving, rotational workforce, sanitation, and plotting driving courses in workplaces. Occupiers are probably going to cling to government guidelines on social separating, utilizing a diminished workforce as tasks start in a staged way.
Aditi Mehta 