Office: Despite occupiers seeking rental negotiations and discounts on renewals, majority of the landlords/developers in the city continue to hold steady by not offering rental reductions or waiving off rental escalations.
Retail: Despite the sales momentum being low, retail stores, particularly in the consumer electronics, hypermarkets and CDIT sector across malls and prominent main streets in the city, are witnessing high volume sales.
Industrial: Despite a temporary slowdown in demand being observed in the asset class, occupiers have been showing interest for Grade A warehousing space in the city and demand is expected to rise further with space take-up being driven by FMCG and manufacturing companies even under such uncertain market conditions.
Residential: While demand for completed projects or those nearing completion has remained high over the last few quarters, post the pandemic, buyers seem to be taking a conservative stance in high value real estate investment decisions.
Investment: The industrial and logistics sector will continue to present good investment opportunities as the sector has the potential to be recession-proof even as the shifts in consumption patterns and India’s push towards manufacturing creates stable asset performance with investors remaining upbeat on this asset class.
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