Residential unit sales at 10-yr low in H1; office vacancy rate at 4-yr high

As India adopted the work from home (WFH) culture over the past few months, office vacancy levels across metros saw an uptick

The Covid-19 pandemic and the ensuing nationwide lockdown since March 2020 has severely dented the Indian real estate sector that was already grappling with slowing sales and rising unsold inventory levels since the past few years. While sales of residential units across eight major metros in India – Mumbai, National Capital Region (NCR), Bengaluru, Pune, Chennai, Hyderabad, Kolkata and Ahmedabad – hit a 10-year low, office vacancy rates across these metros are near four-year high.

Prices of residential property in these eight major metros witnessed a sharp fall in the first half of 2020 (H1-2020) with Kolkata witnessing