Page 34 - CIJ Oct 2024 Digital Edition

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Office takes a backseat as warehousing sector leads

both regulatory pressures are helping companies make in India, driven by hybrid
and a heightened awareness informed property investment work models, sustainability,
of environmental issues and management decisions. technological advancements,
among businesses and their The outlook for the and shifting economic
stakeholders. Indian real estate market dynamics.
Companies are increasingly remains positive amid global As businesses adapt to these
investing in energy-efficient uncertainties. The warehousing trends, the future of corporate
buildings, using renewable sector is expected to continue real estate would emphasise
energy sources and seeking its growth trajectory, driven greater flexibility, innovation,
certifications such as LEED by the expanding e-commerce and sustainability, ensuring
(Leadership in Energy and industry and government that companies can meet
Environmental Design) to initiatives to improve logistics the changing needs of their
demonstrate their commitment operations. employees and stakeholders
to sustainability. The residential sector is also while optimising their real
This trend is not only poised for sustained growth, estate investments.
environmentally beneficial supported by strong demand
but also economically fundamentals and increased
advantageous, as sustainable domestic participation.
buildings often lead to lower While the office sector faces Report Authors
operational costs and increased challenges, the demand for
asset value. Grade A office spaces remains Sathish Rajendren, FRICS
Technological advancements strong. Senior Executive Director
are significantly impacting The retail sector is Facilities & Asset Management Services
corporate real estate. Smart anticipated to rebound with Vivek Rathi
technologies like IoT the listing of retail REITs National Director- Research
(Internet of Things) devices, and a recovery in retail sales.
advanced security systems, The increasing dominance Shankar MR
and automated climate of domestic private equity Director- Talent Management & OD
control enhance operational investors, particularly in the Gopal NP
efficiency and user experience. residential sector, reflects Vice President- ESG- Advisory Services
These tools enable real-time growing confidence in the Shilpa Shree
monitoring and management, Indian real estate market. Assistant Vice President- Research
optimizing energy use, In conclusion, the corporate
security, and space utilization. real estate landscape is
Additionally, data analytics evolving both globally and CIJ

OCTOBER 2024•Clean India Journal
34 www.cleanindiajournal.com