Office: The effect of the COVID spread in Pune in terms of cases, the lockdown and economic activity impact has had an adverse impact on the city’s office market as well, which was otherwise witnessing robust leasing activity before the pandemic outbreak.
Retail: Rentals across malls as well as high streets are expected to remain under pressure with demand slowing due to an uncertain economic environment, retailer exits and intense negotiations from retailers for rent concessions and revenue share arrangements.
Residential: The decline in launch activity was observed even as developers remained cautious towards new launches due to the uncertain economic environment and were more focused on completing under-construction projects and clearing older, unsold inventory.
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.
Learn more by clicking our most recent Pune MarketBeat reports below.