Providing that these improvements to the city’s transport infrastructurewill enable EVs to function smoothly and ensure user adaptability, the following real estate sectors should be most impacted by the development of EV ecosystem:

• Developers can expect a shift in tenant mix in submarkets where EV players have already entered and set up headquarters. This is due to the agglomeration effect where competitors move in closer to attract talent and customers alike. In Bengaluru’s case, demand might be revived in the CBD, where car showrooms are in abundance.
• Business park master planners might need to work in tandem with transport planners to reimagine parking and driveway designs. New and improved facilities will become a part of mandated building by-laws, including charging pods with standard and rapid-charging ports. Business parks can also include EVs (autonomous or otherwise) as a part of their internal transit system.
• Facility management, common area maintenance will also become expensive.