Office: The ‘new normal’ in business will continue to underscore alterations in space usage plans targeting de-densification of offices keeping in mind health and wellness concerns, especially as expansion plans are kept on hold by many corporates.
Retail: As malls reopened in a gradual manner, some retail activity was observed with new store openings of 0.39 msf across malls, which included new space take-up as well as retailer churn.
Residential: The upcoming quarters are likely to see more launches of both affordable floors as well as plots, especially in Gurugram, as the state government is creating conducive conditions for developers to increase their focus in this area.
India Investment: The private equity inflows on a YTD basis have declined by 72% compared to the corresponding period last year, largely due to delays in investment decisions, but the continued interest in office (core and core-plus) as well as warehousing/logistics segment is a positive sign for the overall real estate sector.
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