[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
BENGALURU: Net leasing of commercial office space across the country will grow 12-18% to
25-30 million square feet (msf) in the next fiscal, riding on a low base of the current fiscal,
gradual return of tenants to offices, and improvement in the macroeconomic situation, a CRISIL
“Despite this, net leasing next fiscal will be below pre-pandemic levels as the impact of
work-from-home will continue to weigh on leasing decisions of corporates. The credit profiles
of commercial real estate owners are expected to resist the hiccups due to pandemic, ” the
Despite the pandemic-led disruption, credit profiles of players to largely remain stable
Study of CRISIL Ratings’ rated universe of 37 companies owning 86 assets, with debt of
around Rs 30,000 crore and total leasable area of around 100 msf (~20% of the entire
operational stock in top 6 cities) suggests healthy cushion in debt servicing can withstand the
marginal build-up of vacancy or pressure on rental rates.
Read more at:
Have a nice day