India Alternate Sectors Outlook 2024

Data Centres, Flexible Spaces, Life Sciences, Hospitality and Healthcare

As we embark on a new fiscal year, we at CBRE acknowledge the Indian real estate sector's ongoing growth trajectory, a testament to its inherent strength. This resilience positions the market to navigate the macroeconomic headwinds and emerge with continued strength in 2024-25. Our comprehensive report, the India Alternate Sectors Outlook, attempts to delve into the intricacies of the current market landscape and unveil the projected course of the data centres, hospitality, healthcare, and life sciences sectors in the upcoming quarters.

Our key projections for 2024: 

• India's data centre (DC) market, backed by multiple government initiatives, continues to thrive on digital transformation, surging internet use, and AI adoption.

• India’s economic resilience, thriving spiritual tourism and leisure segments, and the government’s infrastructure focus are likely to keep the hospitality sector buoyant in the upcoming quarters.

• The healthcare sector has come into sharper focus post the pandemic, driven by increasing health awareness, improved access to health insurance, and a burgeoning middle class with rising income levels, amidst increasing government spending on healthcare.

• Life sciences firms’ office space demand is projected to rise, with build-to-suit labs and investor-occupier partnerships expectedly gaining prominence; new supply will likely maintain its growth trajectory.

To delve deeper into our projections, click on the download button.