India’s commercial real estate sector is witnessing a surge in investor interest, buoyed by the country’s significant rise in the JLL Global Real Estate Transparency Index 2024. This development underscores India’s progress in regulatory frameworks, data transparency, and transaction processes, making it a more attractive destination for both domestic and international investors.
The report highlights that regions like Delhi-NCR are leading the way in adopting international standards in commercial real estate. The emergence of new commercial hubs, alongside the revitalization of existing ones, is reshaping the landscape. The rise of Shop-Cum-Office (SCO) spaces, particularly in areas like Gurgaon, has been a key trend, offering flexible, investor-friendly commercial spaces that cater to both retail and office needs.
Harpreet Singh Hora, Group Director, Reach Group, points out, “The development of high-street retail in regions like Delhi-NCR is a testament to how transparency is transforming the market. With greater clarity and data availability, developers can design and execute projects that are not only profitable but also align with global standards of sustainability and customer experience.”
“The transparency improvements are also resonating with investors in tier-II and tier-III cities, where the commercial real estate market is beginning to pick up pace. The integration of technology and data-driven decision-making processes is helping developers in these regions create more efficient and transparent projects.”
Gaurav Gulati, Managing Director of CCPL, the owning company of EDM, shares his view, “The increasing transparency is helping us align better with international standards, making our commercial properties more appealing to foreign investors. This is particularly important in the retail sector, where consumer expectations are high, and there’s a growing demand for world-class shopping destinations.”
“As India continues to climb the Global Real Estate Transparency Index, the commercial real estate sector is expected to attract increased foreign direct investment (FDI). This influx of capital will further drive the development of innovative commercial spaces across the country, ensuring that India remains a key player in the global real estate market,” he added.