bakir gandhi The warehousing and industrial infrastructure landscape is changing. Scarcity, cost, and complexity, are not the only influential factors. The liquidity crisis due to pandemic has further worsened the situation and a new wave of consolidation has kicked off. Demand will come largely from end-users and not from investors. To that extent, the size, configuration and location will undergo some changes and the real-estate developers will need to implement these now. In this new lifecycle of smart buildings, the balance of profit is shifting forward, and savvy commercial developers like Crystal Indus and Logistic Park are realising that they are in the perfect position to take advantage. Bakir Gandhi, Chairman and Managing Director, Crystal Group informs Upamanyu Borah, more on the sector’s prospects in the medium-to-long term.
Real-estate developers will now look into diversification and newer opportunities
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ould you start by giving our international readers a sense of your portfolio of products and services? Crystal Group is into the realty business; we build industrial and logistics parks, commercial establishments, residential township, shopping malls, and provide facilities management services under the category of building operation and maintenance as our core business. 24 |
september 2020
