Demand for office, warehousing and logistic spaces will increase with 100 per cent FDI permitted in marketplace e-retailing, significantly benefitting the real estate sector, according to property consultant JLL India.
The government yesterday allowed 100 per cent FDI through automatic route in most of e-commerce retailing, a development that will boost domestic as well as foreign players like Flipkart and Amazon. “India is already host to some of the largest global e-commerce players. The announcement that 100 per cent FDI will now be allowed in e-commerce is going to open the floodgates to a host of other players in this segment,” JLL India Chairman and Country Head Anuj Puri said in a report. “The impact this development will have on Indian real estate will be significant,” he added.