Cushman & Wakefield released the India Office report for Q1 2021 (Jan – Mar 2021). The report highlights a 5% q-o-q increase in commercial leasing in Q1 2021 in comparison to Q4 2020. First quarter has traditionally been a slow one for the industry, but this marginal growth does reflect that the resilience of the office sector is intact, a year on from the pandemic. 2019 was a blockbuster year for commercial real estate, and interestingly, gross leasing in Q1 2021 while being 25% lower from Q1 2020, is just 5% lower from Q1 2019.
Watch Anshul Jain, Managing Director, India and South East Asia, Cushman & Wakefield on ET Now’s flagship show – The Market. The exclusive interview was based on the outcome of our quarterly Office Market Beat Report. In course of the interaction, Anshul shared his views on the performance of the Office sector in Q1 2021, and his take on what the future looks like for commercial real estate in the backdrop of the second wave of COVID19. Watch the full interview here.