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India Ratings Sees A Worrying Sign For Evergreen Commercial Real Estate
Occupancy at some major listed real estate investment trusts and office developers fell in FY21, India Ratings and Research said.
04 Jun 2021, 06:21 PM IST
When the pandemic reached Indian shores last year, stalling economic activity and prompting work-from-home, it posed a threat to an evergreen market—commercial real estate. Those fears have come true.Occupancy at a large office portfolio-focused real estate investment trust declined to 86.8% in the quarter ended March from 92.2% a year earlier, according to India Ratings and Research Ltd. The numbers strip out the impact of acquisiti...
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