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6,000 Cr Lease Expiries Test Commercial Real Estate
14 May 2020

6,000 Cr Lease Expiries Test Commercial Real Estate

Ramesh_Nair

Chief Executive Officer, India & Managing Director - Market Development, Asia (Jul 2021 - Aug 2023)

India’s commercial real estate faces ₹6,000 crore worth of office lease expiries in FY21, led by Bengaluru and Mumbai. With hybrid work trends, firms may seek 10% rent cuts, deferred renewals, and flexible lease terms.