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After a loathsome 2020 due to the Coronavirus pandemic, 2021 is probably going to be a time of expectation and monetary recuperation. India has demonstrated flexibility and is rising again after seeing an enormous 24% compression in GDP in the April-June quarter of 2020 and we may see record GDP development of 11-12% in 2021. Inoculation will start and expectation it extends quickly from January onwards. Need certainty to return so as individuals think that it’s safe to shop, travel this is yet to resuscitate. When the certainty returns then we will see an upsurge in GDP development from the second half of 2021 (H2’21). All this will have a significant impact on the commercial real estate market also; the positivity that 2021 has brought with it has also effused a sense of relief in CRE market as well. It’s time to mirror on what the year went by has ushered on us and what trends will rule the roost in the year 2021. Let’s take a look.
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