Poadcast | Office Market Perspective

While 2019 proved to be a solid year for the India office market, attention is now focused on the potential impact of the COVID-19 pandemic on the sector. Listen to our experts’ perspectives on current market dynamics and the impact of the COVID-19 pandemic on real estate sector in India.

As occupiers gear up to function in the new normal, it is imperative to know the latest trends and real estate market dynamics to make informed decisions. Sangram Tanwar shares key insights on absorption and supply trends in the key Mid-India markets in the second episode of the Podcast series.

In this podcast, Arpit Mehrotra shares an update on the leasing strategies being adopted by the commercial real estate players to function and thrive in the new normal. Bengaluru has been the most promising market for commercial real estate and has witnessed historic leasing figures in 2019. Hyderabad too, has been a market to watch out for occupiers. How will these resilient markets bounce back in H2, 2020? Listen In!

Office gross absorption across the top seven cities touched 16.7 million sq feet, a drop of 36% YOY, led by COVID-19 induced economic slowdown and slow decision making by occupiers. Majority of the deals expected to take place in Q2 2020 were pushed to subsequent quarters, or are being reconsidered, as occupiers focus on business continuity plans during the lockdown and workplace readiness, as they slowly look to reopen offices. Megha Maan shares an expert overview of the office market in this concluding episode of our 'Office Market Perspective' Podcast series.

 


Related Experts

Sangram Tanwar

Managing Director

Mumbai

Sangram is an experienced Real Estate professional. He has 18 years of transaction management and people management experience in real estate business and has worked across diverse asset classes such as retail, office and land, advising many domestic and multinational owners, occupiers and investors in India. Throughout his career, Sangram has helped his clients define and deliver successful real estate projects of the highest quality across India and under various real estate asset class. 

His approach is process driven and has an eye for detail. Has lead & transacted lease renewal, consolidation and relocation for various MNC and Indian Companies. He has also lead & transacted Rent Yielding Assets/ land disposals and forward sale of real estate assets.

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Arpit Mehrotra

MD | South India

Bengaluru

With over 15+ years’ experience, Arpit is responsible for the overall  direction, strategy and growth of the firm. Arpit enjoys strong relationships with both private investors, Developers as well as local and global corporates and interacts regularly with key clients to uncover opportunities in the rapidly moving  market & other cities. 

His key responsibility is represents client interests by addressing all service related issues and assisting them counter strategic and operational challenges, plays a very crucial role in strategizing end-to-end real estate solutions for Key corporate occupiers and developers including advice on leasing, sale /purchase. Having in expertise in managing the lease negotiations, lease structuring & closure on their behalf.

He has expertise in planning, undertaking demand assessment studies and transactional services including marketing strategies based on technical real estate market analysis and has successfully managed leasing and sales assignments for leading corporations, including Nokia,Philips, Mitel, Mavenir Pega, Novartis, Amazon ,United Health Group, Oracle, Accenture, Cognizant Technology, HP, Tieto, Lenovo, NCR,  NTT Data, Motorola, Ernst & Young  to name a few.

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Megha Maan

Senior Associate Director

Gurgaon

Nearly 12 years of experience in the domain of Business Research & Analysis, Market Analysis and Strategic Planning for business.

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