Office: Certain landlords are closing transactions at a 10-15% discount to remain competitive in the current market and organizations are exploring such space options to reduce their costs.
Retail: Mall and main street rentals have largely remained stable during the quarter but have witnessed a decline of about 10-15% on average across the city over the last 12 months.
Residential: Developers are offering discounts to drive sales but looking at the sluggish sales activity, it seems that potential buyers are on a wait-and-watch mode until the haze of the pandemic clears.
Investment: Foreign Direct Investment (FDI) inflows in the construction development sector were recorded at INR 10.9 bn during January – March 2021, a slight drop of 4.2% q-o-q. FDI inflows for the financial year 2020-21 declined by 28.3% owing to the pandemic.
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