India top expansion destination for corporate real estate occupiers: CBRE

India remains a top expansion destination for corporate real estate occupiers, along with South East Asia and China, reveals the newly launched Asia Pacific Occupier Survey by property consultancy CBRE.

It also points out that cost management and employee engagement are key issues for multinational corporations today.

"Asia Pacific remains a key growth market for multinational companies but the economic slowdown in China is ushering in a period of more cautious business expans ..

Dr Henry Chin, head of research at CBRE Asia Pacific says Asia Pacific's economic growth still outpaces EMEA and the Americas.

"Despite the short-term volatility and softening business sentiment, the medium to long-term outlook looks positive for the region, and still provides opportunities for multinational companies. Southeast Asia and India will be the main focus of portfolio growth driven by solid economic growth and rapid demographic changes in these markets. Companies remain pos ..

In spite of current challenges, multinational companies still retain strong hiring intentions. According to the survey, 42% of CRE (commercial real estate) executives reveal they plan to increase their regional headcount over the next three years.

Anshuman Magazine, managing director of CBRE, South Asia said, "The latest CRE trend noted among multinational corporations is the re-distribution of headcount from other regions to Asia Pacific for cost saving. Many occupiers have been seen ..

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