"Savills India brings to you India Market Watch, Office: H1 2021 that assesses India’s Office Market performance in H1 2021 and further deep dives into the performance of six major cities: Bengaluru, Chennai, Delhi NCR, Hyderabad, Mumbai and Pune."

"COVID-19 has taken its toll on regional markets, with many seeing weakening rents and rising vacancy. That said, the expedited vaccination rollout should help spark an economic recovery later this year and increase demand for office space. For now, the prospects for each region will depend on demand and supply fundamentals."

"While rents have adjusted slightly this quarter, the moderations were mostly found in Shibuya as the rest of the market holds fairly resilient. Prevalent work-from-home arrangements may also change some dynamics of the office market."

"Whist market fundamentals are still sound, the impact of COVID-19 is being felt. Accorodingly, vacancy rates have loosened and rental growth momentum is losing steam. If the downturn is prolonged and large potential vacancy materialises late this year as new supply comes online, the direction of the markets may change abruptly."