Office: The upcoming quarters are likely to see a few more spaces getting vacated by occupiers, especially as work-from-home continues in some domains. Office space leasing is likely to remain subdued in the short term with smaller space requirements by corporates largely driving fresh demand in the market.
Retail: While a revival in consumer demand is good news, retailers in the city continue to remain cautious and hold back their expansion plans resulting in negligible demand for new retail space in the city.
Residential: Post relaxation of lockdown norms in the city while a 3.8x increase in unit launches was recorded between Q2 & Q3, the last quarter of the year saw a significant q-o-q drop (34%) in unit launches with around 1,066 unit launches being recorded in Q4 2020.
Industrial: The city’s logistics and warehousing market is slated to move towards more organized developments as large players including IndoSpace, Embassy, Allcargo Logistics, Hiranandani, TVS Logistics and Welspun Logistics are actively scouting for land parcels to develop their logistics and warehousing parks.
India Investment: Despite the disruption and delayed decision making due to COVID, annual investments (INR 377.4 bn) were just 4% lower than the 5-year (2015-19) average PE inflows of INR 392.2 bn.
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