Office: The overall leasing volumes in 2019 crossed all erstwhile years to clock 16.47 msf. Net absorption of 9.26 msf by end 2019, a 23.5% y-o-y growth too indicated a robust increase in occupancy levels in the Grade A office inventory.
Retail: With average vacancy levels in superior-grade malls falling to a low of 2.0% by end-2019, the next-in-line malls are now witnessing an active retailer churn and have seen their average vacancy levels drop by 60 bps y-o-y.
Residential: Q4 launches in the city were lower by 27% on a q-o-q basis, while on an annual comparison, a mere 1.4% decline was seen in the residential units launched in the city in 2019.
Industrial: Demand for Grade A warehousing space in the city continued to remain steady during the second half of the year with space take-up being driven by FMCG and manufacturing companies.
India Investment: Foreign investors held close to 73% share in investment volumes in 2019; large platforms targeting development of office and industrial assets continue to be formed.
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