Office: The projects that were completed during the quarter had more than 60% occupancy levels. Nearly 1.5 msf of net absorption was recorded in Q2 2021, marginally down (8%) compared to Q1 but is significantly higher on a y-o-y basis.
Retail: Though the traction has been lower than witnessed during last two quarters, SOPs are being followed at all the retail outlets to encourage customers who are looking forward to shopping at physical stores.
Residential: Rentals across prominent residential catchments have also remained stable, except the peripheral western quadrant which has recorded a 1-2% decline in housing rental during the quarter.
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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