Office: Due to the COVID outbreak, we expect occupier activity to temporarily slow down and large, active requirements deferred by 1-2 quarters which is likely to keep rents stable for the rest of the year. As it is, most of the submarkets continue to remain at historically high rental levels.
Residential: Due to the Covid-19 outbreak, we expect residential sales to be adversely impacted in the near-term, as buyers may choose to stay away from site visits and postpone their purchase decisions. We expect buyer sentiment to remain weak until the lockdown is lifted or partially eased, construction activity resumes and stalled projects gradually move towards completion.
Retail: In the current lockdown situation and an evolving scenario, we expect demand for F&B segment to be the most impacted over the next few quarters, as consumers are likely to avoid travel and crowded places in the post-lockdown days in initial days.
India Investment: The COVID pandemic put a lot of countries on lockdown mode and some ongoing deals and those in advanced stages went on hold due to investment decisions being delayed or final contracts not yet signed.
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