Office: Gross leasing volumes witnessed a sharp drop in Q2 2020, as Mumbai remained under a state of lockdown for an extended period in response to the COVID-19 outbreak.
Retail: The current focus is solely on survival as the city has been one of the hardest hit in terms of the infection rates and the retail sector has come under intense pressure.
Industrial: Warehousing leasing in Mumbai was slow during the first half of 2020 due to the COViD-19 outbreak and subsequent lockdown across all sub-markets. During this period, demand for temporary spaces was at an all-time high, as supply chains across the board got disrupted even as major e-commerce players had to make arrangements to deliver essential items.
Residential: The ongoing lockdown has brought construction activity to a near-standstill in key locations across the city and labour constraints have made it increasingly difficult to complete ongoing projects.
Investment: The industrial and logistics sector will continue to present good investment opportunities as the sector has the potential to be recession-proof even as the shifts in consumption patterns and India’s push towards manufacturing creates stable asset performance with investors remaining upbeat on this asset class.
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