.jpg "Savills India Pune market watch")
Both demand and supply in the next few quarters will have to be watched closely, as many occupiers are likely to postpone discretionary expansion plans and developers remain wary of the uncertain demand prospects. Rentals across the city might witness a marginal reduction, if demand for office leasing remains muted over the next few quarters. Similarly, developers are likely to remain cautious with respect to new launches.
Covid-19 pandemic has created an adverse impact on office demand and supply dynamics with the lockdown and construction sector facing challenges in the form of labour and raw material shortage.
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