‘Ban against China’ Impact on Indian Commercial Realty

Retaliatory sanctions by the Indian government against China including the ban on 59 Chinese apps may have a marginal impact on the commercial real estate sector in Mumbai, Bengaluru and the National Capital Region. Several of the companies like TikTok, UC Browse, Huawei occupy premium office space in metro cities, and if the ban continues, they will start vacating their offices, say property brokers. The India-China standoff in Ladakh might also impact the decision of companies in mobile and automobile sectors, as they also invest heavily in office space and manufacturing facilities. “The extent of impact will only be known with time.. Chinese firms account for less than 1%of the total leasing portfolio in the country. And App companies are largely occupying co-working space, possibly 700-800 seats.