What is the current state of occupancy?
Offices in New Delhi, Gurgaon, Noida (the 3 comprising the National Capital Region NCR) and Bangalore have opened with less than 33% occupancy – this includes Savills offices in these locations. The national lockdown 4.0 is expected to expire on May 31. Metro cities such as Mumbai, Pune, Chennai and Hyderabad are located in states that have been majorly affected by the pandemic and will have a more prolonged withdrawal from lockdowns.
What are occupier clients asking about?
Occupiers are self-evaluating their operations in terms of workplace strategies, work from home concepts and general operational benchmarks.
What actions are being taken by:
OCCUPIERS?
Occupiers are formulating standard operating procedures for opening offices.
LANDLORDS? / DEVELOPERS / INVESTORS?
Developers have commenced construction activity with existing onsite labour. The larger landlords are working on new standard operating procedures for building operations.
What opportunities do we see for occupiers?
Corporate Real Estate leaders should engage with their business stakeholders to understand productivity patterns under work from home conditions, and also have conversations with them on what may be the new normal in the medium to long term. This will enable them to engage with service providers such as Savills to formulate new workplace strategies once the current situation passes.
Questions? Comments? More information?
☎️ Contact us.
(1).jpg)
.jpg)
.jpg)
.jpg)