The recovery in demand for commercial real estate being witnessed across the country since 2015 more sustainable and long-term in comparison with the one witnessed in 2011 as the office space absorption has now been growing on the back of combination of lower rents and a positive economic outlook, said a report. This is unlike the previous commercial real estate demand recovery phase of 2010-11, post its crash owing to global financial crisis, where many occupiers had indulged in opportunistic buying and therefore proved to be short-lived, said the report released at the CII Real Estate Conclave 2016.
Read more: Economic Times
