With the ebbing of Covid-19 followed by the relaxation of restrictions, the Indian real estate sector is recovering faster than expected. With occupiers returning to the office, gross office absorption during the first quarter of 2022 rose to 13 mn sq ft, a three-fold increase YoY. Demand for Industrial and warehousing spaces also witnessed an 11% increase during the quarter, at 6.2 mn sq ft led by third-party logistics. The demand for office and industrial space will continue to remain strong throughout the year. Investment confidence also remains intact as investors continue to bet on traditional assets as the economy recovers –
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