
The Morning Brief Corner Office Conversation with Knight Frank’s William Beardmore-Gray and Shishir Baijal
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Oct 27, 2025 William Beardmore-Gray, Global Chairman of Knight Frank, and Shishir Baijal, Chairman of Knight Frank India, delve into India's real estate revolution. They discuss record-high office demand fueled by GCC expansion and the rise of luxury housing sales. With insights on how reforms like GST boost investment appeal, they explore the impacts of PropTech and AI on property strategies. Additionally, learn about the lessons from China’s property slowdown and the growing interest in sectors like logistics and living spaces, underscoring India's ascent in global markets.
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Uncertainty Vs Corporate Optimism
- Global uncertainty is the main headwind slowing investor and occupier decisions today.
- Corporate real estate sentiment is a tailwind and likely to drive investment once clarity returns.
Record Office Demand Fueled By GCCs
- India recorded a record 71 million sq ft of office uptake last year and H1 2025 reached 48 million sq ft.
- Growth is driven strongly by global capability centers and third-party IT providers, with GCCs accounting for about 40%.
India Nears A Billion Sq Ft Office Market
- India is approaching a billion square feet of quality commercial supply, joining top global markets over 25 years.
- At current GDP growth, a second billion could arrive within 10–15 years, expanding demand further.
