Office: With the strong leasing momentum in the first couple of months and comparatively lower supply of only 0.426 msf during the current quarter, vacancy dropped by around 340 bps q-o-q to 40.5%.
Residential: Prices remained stable in the mid-segment and high-end segment during the quarter. Rising interest in the affordable segment has resulted in gains in previous quarters but no change was seen in Q1.
Retail: Rents in malls as well as mixed-use retail projects remained range-bound with retailers enjoying greater negotiating power with sufficient supply available in the market.
India Investment: The COVID pandemic put a lot of countries on lockdown mode and some ongoing deals and those in advanced stages went on hold due to investment decisions being delayed or final contracts not yet signed.
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