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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High Sales Velocity Eases Inventory Worries
- Residential sales and launches are at multiyear highs even though unsold inventory rose slightly.
- Sales velocity improved: Mumbai selling time fell from ~10 quarters in 2020 to six quarters today, easing inventory concerns.
Development Cycles Create Global Risk
- Rapid development cycles can create oversupply and long-term pain during shocks, as seen in China and elsewhere.
- High-quality product shortages now exist where speculative development slowed, changing global supply dynamics.
Living Sectors Are The Next Institutional Frontier
- Offices remain the dominant institutional favorite with prime vacancy under 5% in major markets.
- Living sectors (senior, student, rental housing) are underrepresented in India but present long-term institutional opportunity.