Pent-up demand in real estate will continue in 2023: Knight Frank India

Despite geopolitical challenges, the office sector saw a strong recovery in demand and saw a rise of 36 per cent YoY

Indian real estate will grow at the pace seen in 2022 but global uncertainties will likely continue for a couple of quarters more, said two senior executives of Knight Frank India. The government's push for infrastructure projects is helping growth in cities, Shishir Baijal, chairman & MD of the company, and Gulam Zia, senior executive director-research, advisory, infrastructure and valuation, at the real estate consultancy firm.

Here are edited excerpts from their interview, conducted over Zoom, with Pratigya Yadav.

How did the realty sector do in 2022 and what do you expect in 2023?

2022 was perhaps the first time