Covid-19 has piled on sizeable pressure on the Indian commercial real estate sector over the past year-and-a-half. Restrictions imposed on mobility and social distancing norms have led to thin attendance at offices and malls pining for footfalls for much of this period. As a result, occupancies have fallen, rental rates have remained subdued, and players have deferred capex.
A rare bright spot amid all this has been the industrial warehousing segment, which has continued to build and lease, albeit at a slower pace, as e-commerce usage accelerated during the pandemic.
That said, with the knock-on effect of the pandemic waning and vaccination gathering pace, commercial real estate is on a gradual recovery course. Occupancy at offices and footfalls at malls are reviving gradually, and with e-commerce well-entrenched, industrial warehousing is also looking up.
Against this backdrop, CRISIL Ratings is organising a webinar where our experts will speak on:
Demand-supply dynamics in office leasing and micro-market trends therein
Impact of the pandemic on retail malls and recovery expectations
Growth drivers for industrial warehousing
Credit perspective and outlook
The webinar will be followed by a panel discussion with industry experts, and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
