"India Market Watch - Office – Year-end 2020 analysis the demand, supply, absorption, rentals, and much more for each of the six cities of Bangalore, Mumbai, Delhi NCR, Hyderabad, Chennai, and Pune and brings to you a strong case for growth in the office market in 2021."
"The office markets have clearly mirrored the overall economic pattern in the country. For the top 6 markets of Delhi NCR, Mumbai, Bangalore, Chennai, Pune & Hyderabad."
"In terms of leasing activity, 2019 was exemplary for Delhi NCR; absorption stood at 10.9 mn. sq.ft. Strong traction in demand was expected to continue in 2020 as well. "
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"The state government in its budget had allocated INR 1 billion for the Chennai peripheral ring road project. "
"The adverse impact of COVID-19 was felt both on the supply and demand of commercial office spaces in Bangalore."
"Leasing activity and additional supply has been affected by the COVID-19 pandemic. "
"Covid-19 pandemic has created an adverse impact on office demand and supply dynamics with the lockdown and construction sector facing challenges in the form of labour and raw material shortage."
"Hyderabad’s momentum, in terms of demand of quality grade-A office space, has definitely slowed down. "
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