Real estate premiumization not a temporary trend, say experts

India’s real estate market is shifting towards premiumization, driven by rising affluence and global standards. Residential and commercial spaces are focusing on quality to attract buyers and retain talent. Institutional growth and capital influx support this trend, with Global Capability Centres boosting demand for premium office environments. Vivek K. Chandy, joint managing partner, JSA Advocates & Solicitors, said it has a lot of money that’s there in the market. “It’s much easier to access funds today. Earlier, ECBs (external commercial borrowings) were not permitted in real estate. Today, you can get money from overseas in the form of ECBs,” Chandy said. The newfound availability of acquisition financing has brought more capital into the market, driving the development of higher-quality, premium residential and commercial real estate, he added. Read more