Office: Despite slippages in project completion timelines during Q2-Q4 caused by labour and supply constraints, the year recorded annual supply addition of 11.2 msf, translating to an 18.4% increase y-o-y and higher than the average supply recorded over the last couple of years.
Retail: With pent-up demand and consumers venturing out for both essential as well as lifestyle-based shopping aiding the overall recovery in the retail sector, the F&B segment which was one of the hardest hits is also showing some early signs of recovery in business.
Residential: Despite Bengaluru being one of the few metros with a relatively manageable inventory overhang and the city witnessing a gradual revival in its housing demand during Q4, developers released less supply in the market during the last quarter of the year.
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