The housing segment is expected to promote the real estate sector

It is expected that the growing demand for shared or shared fares will provide the business opportunity real estate sector of one billion rupees and 5.7 million beds by 2023, whereas Delhi-NCR may possibly be around 40 percent of this capacity.

According to the report, co-living – Renovation real estate sector of rental accommodation in India.

Another report co-working – Remodeling Indian Workplace said that the demand of corporations, startups and entrepreneurs has made a major leap in co-working participation in the total lease of the offices. In the first quarter (January-March) of 2019, from 8 percent registered in 2018, the participation increased to 12 percent. Combined work segment was absorbed from the first quarter of 2017 to 6.9 square meters of accumulated space. 2019, the report said.

Two reports were published in a conference of JLL-FICCI on the future of real estate in India: Conference on joint work and co-existence places.

“Today, Millennials make most of the workforce of India, they are adaptable, but they expect huge changes in the way people work.” Tight workplace and a lively environment help. New workforce to do better work While this concept has been accepted in metros, Tier II cities are also opening this new concept, which includes Indore, Ahmedabad, Bhubaneswar, Kochi and Jaipur, “said Sanjay Dutt, president FICCI’s Real Estate Committee and Executive Director and Executive Director of Tata Realty & Infrastructure Limited

JLG India Executive Director Juggi Marwaha said: “The joint working segment has come a long way in the country and is now in a mature state and is consolidating.” Operators within this mature market offer many formats now. Residents. “From complete real estate sector buildings devoted to the joint workplace for joint work offices created to adapt within traditional workplaces.” With the benefits of low cost and shared services, this segment offers the huge business potential to all, developers and occupants. “

“Worldwide, the development of workplaces and human experience has become the core of the office area, and change in perception between millennia is made to” share “instead of” ourselves “the concept of coexistence for all groups Popular: Corporate businessman, partner, entrepreneur and millennium: Provides flexibility and savings in hiring Joint work is 20 to 25 percent compared to traditional office lease Provides cost savings. Life Service offers 2 to 4 times more attractive returns than the traditional residential performance of 3 percent, “said Samantak Das, chief economist and head of research and JLL India.

“With these two innovative areas, the Indian office and residential real estate will definitely grow more and better, however, stakeholders need to address the existing challenges, such as the issues related to data privacy, conservative views of all countries.

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