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[부동산] NCR, 뭄바이, 방갈로르의 프라임 오피스 임대료는 향후 12 개월 동안 안정적으로 유지됩니다 : Knight Frank
[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.

Prime office rentals across Bangalore, Ncr and Mumbai is expected to remain stable over
next 12-months despite the uncertainty around the performance of India’s office sector.

According to a Knight Frank office index report, Bandra Kurla Complex (BKC) in Mumbai
witnessed a meaningful recovery in office rents to -0.8% QoQ during the January – March
2021 quarter, compared to -5.5% in the previous quarter. This robust recovery can be
attributed to improved transaction activity in the Q1 2021 period.

Knight Frank forecasts that the decline in rents to decelerate this year, with overall rents
expected to decline by 3% in the APAC region, compared to the 4.8% decline seen in 2020.

Central Business District (CBD) of Bengaluru, comprising areas such as MG Road, Infantry
Road, and Residency Road, has registered a decline of 3.0% QoQ in Q1 2021 against a
decline of 4.0% in Q4 2020. Connaught Place in National Capital Region (NCR), office rents
saw a flat 0.0% QoQ price change in Q1 2021 compared to -1.0% in Q4 2020.

According to the index, Taipei is the only city expected to witness an increase in office
rental values across the APAC region in next 12-months. Of the 22 cities tracked by the
index, 8 recorded either stable or increased rents in the past quarter compared to 10 in
the previous quarter.

For Q1 2021, Knight Frank’s Asia Pacific Prime Office Rental Index fell -1.2%
quarter-on-quarter, led by large office markets such as Tokyo, Hong Kong, and Bengaluru
recorded rental decline between -3.0% to -2.8% during the same period. On an annual
basis, the overall index was down -5.5% year-on-year.



Read more at:
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/prime-office-rents-in-ncr-mumbai-blore-to-remain-stable-in-next-12-months-knight-frank/articleshow/82568312.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

KAMA GROUP
New Delhi
Have a nice day
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