CRE Strategy in the New Normal: Navigating the Path to Recovery
Key Highlights:
- In the new normal it is paramount for RE stakeholders in making their portfolios resilient to any future uncertainties
- Workspaces will always be a place for people to collaborate, understand the company values and culture
- Indian economy continues to remain service oriented
- While Connectivity continues to remain one the biggest issues in India to work remotely, the requirement of safe flexible workspaces will increase
- Majority of organization going forward will look at remote working strategies between 15-30% depending on their needs
- The per capita consumption of real estate has seen a marked increment from 15 to 25%
- Data security, information security and government regulations are key concern areas
- Digitalization and innovation will lead to stronger and more agile systems
- REITs are representative of progressive corporatization of an industry originally known for its lack of transparency