• In India, the continuous growth in income levels and enduring consumer confidence are expected to boost domestic demand. This trend is supported by the manufacturing and services PMI consistently remaining above the 50-mark in Q4 2022.
• The Indian market witnessed a significant surge in Equity Investments in Commercial Real Estate (CRE), reaching a peak of USD 6 billion in 2022, with indications of further increase in deal flow throughout 2023.
• Dominating the sector, office spaces and warehousing account for 69% of the total real estate investments in India, highlighting their significant role in the market.

Global Outlook

• The global commercial real estate market is anticipated to attain a valuation of approximately $115 trillion in 2023.
• Over the period from 2023 to 2028, the market is predicted to experience a Compound Annual Growth Rate (CAGR) of about 3.03%, culminating in a projected market size of around $133.5 trillion by 2028.
• When comparing internationally, it is forecasted that the United States will lead in real estate value creation, with an estimated market size of $24.67 trillion in 2023.

Source: Statista