Office: The market is also likely to record more activity in the managed and co-working spaces by both large enterprises as well as smaller firms, especially with the requirement for more distributed office spaces by some of them.
Retail: Kolkata’s retail sector witnessed negligible leasing activity, both in malls and main streets, as the second wave and subsequent lockdown-like restrictions impacted market recovery that had started to gain momentum during the first quarter.
Residential: While demand for spacious homes, including villas and plotted developments at higher price points, has been gaining traction, the demand for more compact, affordable homes stood relatively stronger in the Kolkata residential market.
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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