MARCH 2013 - DURATION: 10:23
Abhinav Joshi, Senior Manager, India Research, CBRE
Economic growth in India continues to stagnate, and a broad-based slowdown is affecting various sectors. Foreign investment flows have fallen due to weak local and global economic sentiment, but recent reforms to FDI regulations should help restore them. In the office sector, leasing deals fell by 26% y-o-y in 2012 as occupiers became more cautious and consolidation and relocation emerged as key trends. Activity in the investment market picked up, however, as developers offloaded land parcels and non-core assets to raise cash, and private equity groups exited the market. Q4 2012 saw the government approve FDI in multi-brand retail—an important move that is expected to herald the entry of international supermarket groups to the potentially very lucrative Indian market.
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