Supriya Unni, Bangalore
Financial Chronicle
According to a report released by real estate consultants Jones Lang Jones Lang LaSalle Meghraj- The Indian Industrial Real Estate Landscape – An emerging investment opportunity, automobile and auto components, telecommunications, semiconductor, pharmaceuticals and drugs and logistics and warehousing will help the real estate sector tide through rough times. The Indian real estate market has been going through severe depression with the domestic market scenario coupled with global economic depression.
The major emerging and high-growth industrial sectors are automobile and auto components; telecommunications; semiconductor, drugs and pharmaceuticals and biotech industries. The growth of the manufacturing and retail sectors and the improvement in transport infrastructure has already attracted many domestic and international players to invest in the logistics sector. Logistics and warehousing sectors are foreseen as the sectors which will witness growth at breakneck speed in the future. “The growth of the Indian manufacturing sector through the development of SEZs, industrial corridors and townships is expected to create a significant impact in the real estate market.
The residential and retail sectors, which act as value-added sectors to the manufacturing industry, will also experience growth," said Abhishek K Gupta, Head of Operations, Research and REIS, Jones Lang LaSalle Meghraj.
"Over time, we can see the emergence of numerous industrial corridors along various regional belts to significantly bolster demand for real estate," he added.
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