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Reflecting the delayed impact of demonetisation, India’s real GDP grew by only 6.1% in Q1 2017. Considering this modest slowdown to be temporary, most economic forecasters have maintained their projections of growth above 7% over the next two years. Despite recent concerns over layoffs in the technology sector due to automation, we expect the commercial market to remain resilient backed by the sustained expansion plans of major occupiers. The influence of the recent adoption of the Goods and Services Tax (GST) and the increasing interest of investors in the warehousing sector are events to watch for in H2 2017.
Keywords: Colliers, India, property market, rent, lease, 2017
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