Sensex is down 26% since Jan 1, 2020 with the Realty Index down 39%
Private (PE / Debt) and Public (Banks / NBFCs) funding sources have choked
India remains the #1 destination for outsourcing for multinational companies
INR has depreciated by 8% since Jan 1, 2020 making rents and costs cheaper for MNCs with US$ revenues
26 million sf average annual demand for office over the last 3 years (12.8% y-o-y)
Multinationals have significant long term investments in people, processes and technology
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