If the revealed reports are considered then, the Realty demand is predicted to cross 1,000 Million Sq.ft across the country as the demand is escalating every day. Cushman Wakefield firm reported to www.propertykhazana.com that, “Demand for the realty sector in office, retail, housing and hospitality, is likely to go beyond 1,002 Million Sq.ft in couple of years. In spite of slacking off in the commercial market, the demand for commercial space is estimated to be approx. 250 Million Sq.ft which is about 25% of the total demand outcrops in the coming 4-5 years.” Commercial segment demand may touch 50 Million Sq.ft and housing demand is likely to stand at approx. 120 Million Sq.ft shortly. The growth of the retail and hospitality segments will follow with 20 million Sq.ft and 18 Million Sq.ft in the near future, added the reports.
Cushman & Wakefield’s Joint Managing Director’s said in a verbal communication to the www.propertykhazana.com that, “In India permanent and burly demand for realty retains constancy, once the market find it’s possess level by reacting to these short-mid term global and domestic issues. NCR has emerged as an obvious penchant for the segments like retail, housing and hospitality as it is approaching to be second in the commercial sector, he added.
For more updates on realty market browse www.propertykhazana.com.
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