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Showing posts from March 27, 2020

Coronavirus impact on real estate

While the Coronavirus could result in some delayed decision making, there should be no significant adverse impact on office absorption in 2020, says a report by Colliers International India While India has been less affected by the Novel Coronavirus (COVID‐19) than east Asia, since March 2, 2020, the virus has been spreading in the country. This situation highlights the importance of wellness and technology in the workplace. In its latest report ‘ COVID-19 : Impact on India Real Estate ’, Colliers India Research has some key recommendations for occupiers and landlords. “We expect India’s economy, which has slowed but is still robust, to underpin office leasing demand. While there could be some delayed decision making, there should be no significant adverse impact on office absorption in 2020 as pre‐commitments should mature this year with the completion of new buildings. We recommend occupiers to consider a flex and core strategy for their workplaces and if required, even split...