The office market saw net absorption fall by 30% in Q1 2020, mirroring the moderation of quarterly economic growth to 3.1%. Given the current situation, contract renegotiation are being contemplated between landlords and occupiers. While most companies have enforced work from home policies, employees are facing multiple challenges while working from home. The office segment is here to stay and only question that remains unanswered is when do we see it bouncing back? Panelists discussed recent developments in the office segment and gathered reactions from developers and occupiers.
Raj Menda, Corporate Chairman, RMZ
Sriram Khattar, MD, DLF Rental Businesses
Mike Holland, CEO, Embassy Office Parks
Vinod Rohira, CEO, Mindspace Business Parks REIT
Juggy Marwaha, CEO, Prestige Office Ventures
Nirupa Shankar, ED, Brigade Enterprises Ltd.
Vithal Suryavanshi, Regional Head – West, Senior Vice President, Brookfield Properties
Ramesh Nair, Chairman, CII Realty & Infrastructure Conclave and CEO & Country Head, India, JLL
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