BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Along expected lines, the Indian commercial real estate office market has seen a 15% YoY decline in nine-months CY21 (January-September 2021) net absorption at 11.5 million square feet.
However, with a 21% QoQ pick up in Q3 CY21 net absorption to 4.3 msf, green shoots have re-emerged with the improved pace of vaccinations across India, select corporates recalling employees to offices (footfalls at 20-25% of pre-Covid-19 levels as of October 2021) and gradual pick up in international travel.
With India continuing to offer competitive rentals of ~$1 per square feet/month in IT/IT enabled services driven markets of South India and national capital region/Pune and robust hiring plans of domestic/multi national companies IT/ITeS companies, we expect this to result in pickup in office absorption from January 2022 onwards.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR