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.