Covid-19 pandemic has been a growth accelerator with transformational reforms in the economy, businesses, and people’s mind-set. Health, Wealth, and Happiness are the renewed mantras of a well- balanced living which draws the attention of the Government and India Inc to reset their future narrative.
In the new normal, rules of the business have altered where players must now shift the gears and adopt innovative practices. The focal point has shifted from profitability and market share to conscious consumerism mantra with emphasis on ecological, economic, and emotional wellbeing.
The paradigm shift in consumer behaviour has led to evolution in product designing and services framework. The burgeoning segments like warehousing, logistics, data centres, student housing, senior citizen living, grade A commercial spaces beyond the traditional housing segment will flourish its footprint in the Indian real estate landscape.
Decarbonization will be a new growth barometer for investors’ interest to scale up the investment index. Brand loyalty and customer stickiness will be inclined towards sustainability quotient for inclusive growth and to preserve the ecosystem.
Renewable energy, IoT, digitization, data economy, skilling, exports, healthcare, and services will be the new cogwheels. The innovative PLI scheme will bolster ‘Make in India’ developments augmenting India’s manufacturing story to become the next global destination.