PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566082
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566082
India Commercial Real Estate Market, By Property Type; By Business Model; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Commercial Real Estate Market Size Accelerates 3.9X to Surpass USD 213 Billion by 2030
India Commercial Real Estate Market is flourishing due to an accelerated economic development, rapid urbanization, and robust expansion of IT/ITeS industry.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Commercial Real Estate Market size by value at USD 54.56 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Commercial Real Estate Market size to expand at a CAGR of 21.5% reaching a value of USD 213.32 billion by 2030. The Commercial Real Estate Market in India is propelled by strategic government initiatives, such as the Smart Cities Mission and Make in India, coupled with robust infrastructure development encompassing metro rail networks, expressways, and airports. These endeavors are collectively enhancing India's urban landscape, thereby fostering improved connectivity, logistics efficiency, and overall urban development. Consequently, these factors are attracting businesses and stimulating growth within the commercial real estate sector. While the COVID-19 pandemic temporarily disrupted the market growth, with a noticeable decline in new office space absorption in 2022, the sector is demonstrating resilience, as evidenced by the rebound in net office absorption during early 2023. Concurrently, the retail and hospitality segments are experiencing robust growth, underpinned by significant institutional investment. Furthermore, the escalating demand for flexible, comfortable, and convenient office spaces across diverse industries is driving office space absorption. The integration of technology, including artificial intelligence, virtual reality, and data analytics, is revolutionizing the commercial real estate industry by enhancing customer experiences, facilitating efficient transactions, and optimizing property management.
Opportunity - Increasing Number of Data Centers across India
The data center industry in India has experienced remarkable growth, doubling in size over the past three years and reaching 722 megawatts with robust occupancy levels. This rapid expansion underscores the increasing demand for data storage and processing capabilities driven by the nation's digital transformation. With projections indicating that the data center market will double again in the next three years, requiring an additional investment of approximately USD 5 billion, the sector's growth reflects the critical role of data infrastructure in supporting a digital economy. The substantial investment and development in data centers illustrate their vital contribution to India's technological advancement and economic progress.
South India Leading India Commercial Real Estate Market
Bengaluru, popularly called Silicon Valley of India. is the commercial powerhouse of South India. A recent joint report by CBRE and the Confederation of Indian Industry paints a compelling picture of Bengaluru as the undisputed commercial titan of South India. Projected to house a staggering 330-340 million square feet of office space by 2030, the city's growth trajectory is nothing short of phenomenal. From a modest 100 million square feet in 2013, Bengaluru's office stock has surged to over 223 million square feet by mid-2024, a testament to its explosive expansion. The meteoric rise is fueled by the city's thriving technology, engineering, manufacturing, and BFSI sectors, which collectively generate an insatiable appetite for office space. Strategic land availability, coupled with robust infrastructure development in peripheral areas, has solidified Bengaluru's dominance. With consistent high absorption rates and a dynamic business environment, the city is poised to retain its crown as the commercial heart of South India over the forecast period.
Impact of Escalating Geopolitical Tensions on India Commercial Real Estate Market
India Commercial Real Estate Market may face significant challenges from intensifying geopolitical tensions across the world. The resulting economic uncertainty can deter foreign direct investments, hindering the expansion of multinational corporations. As investor confidence wanes, capital inflows into the sector may dwindle, dampening demand for office spaces, retail outlets, and industrial facilities. Moreover, disrupted global supply chains due to instability can inflate construction costs and delay project timelines. Domestic businesses may also adopt a cautious stance, postponing expansion plans and further restricting the growth potential of India Commercial Real Estate Market.
Competitive Landscape
India Commercial Real Estate Market is fragmented, with numerous players serving the market. The key players dominating India Commercial Real Estate Market include DLF Ltd, Godrej Properties Ltd, Housing Development and Infrastructure Ltd (HDIL), Oberoi Realty Limited, Equinox India Developments Limited, Prestige Estate Projects Ltd, Supertech Limited, Savills Property Services (India) Private Limited, Brigade Group, and Unitech Real Estate Pvt Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Commercial Real Estate Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Commercial Real Estate Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Commercial Real Estate Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Economic Growth
- 3.2.1.2. Growing Urbanization
- 3.2.1.3. IT/ITeS Sector Growth
- 3.2.2. Restraints
- 3.2.2.1. High Real Estate Prices
- 3.2.2.2. Infrastructure Challenges
- 3.2.2.3. Environmental Regulations
- 3.2.3. Opportunities
- 3.2.3.1. Boom in Tier II & III Cities
- 3.2.3.2. E-commerce Boom
- 3.2.3.3. Growing Data Centers
- 3.2.4. Challenges
- 3.2.4.1. Financing Challenges
- 3.2.4.2. Over Supply in Certain Markets
- 3.2.4.3. Global Economic Uncertainties
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Commercial Real Estate Market: Marketing Strategies
5. India Commercial Real Estate Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Property Type
- 5.2.1.1. Office
- 5.2.1.2. Retail
- 5.2.1.3. Industrial
- 5.2.1.4. Healthcare
- 5.2.1.5. Others (Multifamily, Hospitality, etc.)
- 5.2.2. By Business Model
- 5.2.2.1. Sales
- 5.2.2.2. Leasing
- 5.2.2.3. Property Management
- 5.2.2.4. Real Estate Investment Trusts (REITs)
- 5.2.3. By End User
- 5.2.3.1. Small and Medium-sized Enterprises (SMEs)
- 5.2.3.2. Large Enterprises
- 5.2.3.3. Government Organizations
- 5.2.3.4. Investors
- 5.2.4. By Region
- 5.2.4.1. North India
- 5.2.4.2. South India
- 5.2.4.3. East India
- 5.2.4.4. West India
- 5.2.1. By Property Type
6. North India Commercial Real Estate Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Property Type
- 6.2.2. By Business Model
- 6.2.3. By End User
7. South India Commercial Real Estate Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Property Type
- 7.2.2. By Business Model
- 7.2.3. By End User
8. East India Commercial Real Estate Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Property Type
- 8.2.2. By Business Model
- 8.2.3. By End User
9. West India Commercial Real Estate Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Property Type
- 9.2.2. By Business Model
- 9.2.3. By End User
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Commercial Real Estate Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Commercial Real Estate Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 12.1. DLF Ltd
- 12.2. Godrej Properties Ltd
- 12.3. Housing Development and Infrastructure Ltd (HDIL)
- 12.4. Oberoi Realty Limited
- 12.5. Equinox India Developments Limited
- 12.6. Prestige Estate Projects Ltd
- 12.7. Supertech Limited
- 12.8. Savills Property Services (India) Private Limited
- 12.9. Brigade Group
- 12.10. Unitech Real Estate Pvt Ltd
- 12.11. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Commercial Real Estate Segmentation
- Figure 2 India Commercial Real Estate Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Commercial Real Estate Market Share, By Property Types, By Value, 2019-2030
- Figure 6 India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Figure 7 India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Figure 8 North India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Figure 9 North India Commercial Real Estate Market Share, By Property Types , By Value, 2019-2030
- Figure 10 North India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Figure 11 North India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Figure 12 South India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Figure 13 South India Commercial Real Estate Market Share, By Property Types , By Value, 2019-2030
- Figure 14 South India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Figure 15 South India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Figure 16 East India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Figure 17 East India Commercial Real Estate Market Share, By Property Types , By Value, 2019-2030
- Figure 18 East India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Figure 19 East India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Figure 20 West India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Figure 21 West India Commercial Real Estate Market Share, By Property Types, By Value, 2019-2030
- Figure 22 West India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Figure 23 West India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
List of Tables
- Table 1 India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Commercial Real Estate Market Share, By Property Types, By Value, 2019-2030
- Table 3 India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Table 4 India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Table 5 North India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Table 6 North India Commercial Real Estate Market Share, By Property Types , By Value, 2019-2030
- Table 7 North India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Table 8 North India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Table 9 South India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Table 10 South India Commercial Real Estate Market Share, By Property Types , By Value, 2019-2030
- Table 11 South India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Table 12 South India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Table 13 East India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Table 14 East India Commercial Real Estate Market Share, By Property Types , By Value, 2019-2030
- Table 15 East India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Table 16 East India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Table 17 West India Commercial Real Estate Market Size, By Value (USD Billion), 2019-2030
- Table 18 West India Commercial Real Estate Market Share, By Property Types , By Value, 2019-2030
- Table 19 West India Commercial Real Estate Market Share, By Business Model, By Value, 2019-2030
- Table 20 West India Commercial Real Estate Market Share, By End User, By Value, 2019-2030
- Table 21 DLF Ltd Company Overview
- Table 22 DLF Ltd Financial Overview
- Table 23 Godrej Properties Ltd Company Overview
- Table 24 Godrej Properties Ltd Financial Overview
- Table 25 Housing Development and Infrastructure Ltd (HDIL) Company Overview
- Table 26 Housing Development and Infrastructure Ltd (HDIL) Financial Overview
- Table 27 Oberoi Realty Limited Company Overview
- Table 28 Oberoi Realty Limited Financial Overview
- Table 29 Equinox India Developments Limited Company Overview
- Table 30 Equinox India Developments Limited Financial Overview
- Table 31 Prestige Estate Projects Ltd Company Overview
- Table 32 Prestige Estate Projects Ltd Financial Overview
- Table 33 Supertech Limited Company Overview
- Table 34 Supertech Limited Financial Overview
- Table 35 Savills Property Services (India) Private Limited Company Overview
- Table 36 Savills Property Services (India) Private Limited Financial Overview
- Table 37 Brigade Group Company Overview
- Table 38 Brigade Group Financial Overview
- Table 39 Unitech Real Estate Pvt Ltd Company Overview
- Table 40 Unitech Real Estate Pvt Ltd Financial Overview
