Office: Market conditions remained favourable to occupiers during the quarter, and we expect them to remain so for another 6-12 months as business sentiments gradually improve and demand bounces back.
Retail: Mall and main street rentals remained stable across all submarkets in Q2. However, due to the market slowdown over the last 12 months, mall rentals have dropped by 3-5% across all submarkets on a y-o-y basis.
Residential: Capital values remained stable across all submarkets. Rental values, which witnessed minor fluctuations during the previous lockdown in 2020, remained stable this 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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