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India Market Outlook 2021

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India Market Outlook 1536

COVID-19 will likely continue to influence India’s economy at the start of 2021. We expect a gradual recovery of demand from H2 2021, backed by an improving economy and the rollout of the COVID-19 vaccines in H2. Against this backdrop, our top recommendations are:

  • Office: In 2021 occupiers should enter flexible leases to allow them to operate in a hybrid work-from-home model and keep their capital expenditure low.
  • Industrial: Electronics & hardware, pharmaceuticals & medical equipment, textiles, and auto industries will drive demand for manufacturing facilities.
  • Logistics: E-commerce, third-party logistics groups (3PLs) and cold storage operators will make up the bulk of demand.
  • Investment: Investors should buy in 2021, before prices rebound from 2022 onwards.

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India Market Outlook 2021

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