Can a US, Europe-like commercial realty slump play out in India? Here's what Sanjeev Sanyal has to say businesstoday.in
As real estate prices collapse in Europe and the US due to remote working options after Covid, economist Sanjeev Sanyal on Tuesday pointed to a structural, not cyclical shift, adding that any revival in commercial real estate "will likely need a completely different model". Sanyal wonders what it would mean for investors and policy-makers (including urban managers), if the same dynamics play out "elsewhere (including India) as the tech-driven social changes are happening here too".
