While residential demand is largely domestic in nature, the commercial segment’s office occupier profile is largely IT/ITeS companies with clients in the West. If the West slips into a recession and those clients cut budgets, there could be some impact on the commercial segment here, said one expert.
For representational purpose
After Elon Musk issued a warning that the commercial real estate market is “melting down fast”, Robert Kiyosaki, an American entrepreneur, businessman and author of Rich Dad Poor Dad – a personal finance book about investing in different asset classes – warned that the real estate market is on the verge of a crash that will be worse than the 2008 financial crisis.
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Source: www.moneycontrol.com
ENB
Sandstone Group
