Office: Asking rentals in the city have largely remained stable during the quarter but landlords in general are flexible to negotiate and are ready to extend short term discounts up to 10-15%.
Retail: Along expected lines, the festive season seemed to have a positive impact on the city’s retail sector, particularly the main streets which experienced a marginal rise in consumer footfalls and demand for non-essential retail categories like apparel, jewellery & cosmetics.
Residential: The developer community has requested the government to cut stamp duty and property registration charges; any such stimulus would facilitate faster recovery in the residential asset class.
Industrial: Despite improved demand for warehousing space and industrial sheds as compared to H1, the rentals did not show any momentum during the year, mainly due to significant supply availability across prominent corridors.
India Investment: Despite the disruption and delayed decision making due to COVID, annual investments (INR 377.4 bn) were just 4% lower than the 5-year (2015-19) average PE inflows of INR 392.2 bn.
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