Office: With demand impacted by the pandemic, some developers have also been accommodating towards tenants through rent abatements. However, individual investors owning small spaces have refrained from extending rent abatements.
Retail: Mall owners continue to operate under a cloud of uncertainty due to the social distancing requirements and lack of footfalls, possibly leading to higher exits by prominent retailers over the next few quarters, as the latter look to stay afloat and ensure working capital for the business through store count rationalisation.
Residential: We expect a declining capital value trend to sustain over the next two quarters, with the after effect of lockdown and sluggish sales handing the upper hand in bargaining power to the buyers even as developers continue to offer innovative payment plans to drive sales.
India Investment: The private equity inflows on a YTD basis have declined by 72% compared to the corresponding period last year, largely due to delays in investment decisions, but the continued interest in office (core and core-plus) as well as warehousing/logistics segment is a positive sign for the overall real estate sector.
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