Realty check: commercial real estate stares at ghost-town future as pandemic upends work culture

Realty verify: industrial actual property stares at ghost-town future as pandemic upends work tradition

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CyberHub, a busy public area in Gurugram, bears a abandoned look through the lockdown.

Synopsis

Know-how and BFSI firms occupy greater than half of the nation’s workplace area. With the service sector more and more adopting make money working from home coverage and tenants on the lookout for smaller areas to chop prices and keep afloat amid the extended lockdown, the dynamics of economic actual property are set to vary.

It’s been greater than three months since India reported its first confirmed case of Covid-19 an infection and the virus has unfold its tentacles far and broad within the nation ever since. Be it the social or financial sphere, the virus has introduced all the things to a standstill. And with no respite in sight, the financial state of affairs appears more and more precarious.Among the many worst-affected sectors is actual property, notably industrial areas. On this article,

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