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Real estate players see opportunity in the draft e-commerce policy

With stress on data centres to be onshore, firms believe there is going to be a rise in demand for Grade-A commercial spaces

real estate, housing, buildings
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any reduction on this basic input cost could help boost prospects for under-construction properties

Karan ChoudhuryNeha Alawadhi New Delhi
More than online marketplaces and digital commerce, the draft e-commerce policy issued last week might help the real estate sector.

With the insistence on data centres to be onshore, entities in real estate believe there is going to be a rise in demand for specialised Grade-A commercial spaces to set these up. Currently, data centres in India occupy around 12 million sq ft in space, growing at a compounded annual rate of 20 per cent.

The tagline of the draft report is ‘India’s data for India’s development’. The policy states a time-frame would be put in place for transition to data storage

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