Mr. Gagan Randev, Executive Director, India Sotheby's International Realty
The slight decline in PE investment during the April-June quarter can be attributed to the temporary slowdown and disruptions in the global economy. Investments in Office assets have been severely affected in North America by the sharp rise in interest rates and this has resulted in an upheaval in the markets there.
However, this is expected to be a transient phase, and we anticipate an increase in PE investment in the upcoming quarter. India's robust economic growth and the rising demand for Grade A office spaces, sharp rebound in Retail and strong Warehousing demand post-Covid indicate a positive outlook.
Mr Amal Mishra, Co-founder, Urban Vault, a Bengaluru based managed co-working space provider
Office spaces has been the shining light of the real estate sector over the last few years. The demand for Grade A+ offices spaces was thriving across cities. But as every sector goes through ups and downs, the next couple of quarters may remain a bit challenging for overall office spaces. Yet, flex spaces is expected to continue performing well mainly due to demand surge from top-notch companies.
With the Indian economy on a strong footing, the tough times for office spaces would not last beyond couple of quarters and the sector is likely to witness renewed investor interest soon.
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