Delhi NCR: Demonstrating Resilience

 

In the pre-pandemic era, the Delhi NCR market was one of the leading demand generators for flex workspaces in India, sharing the platform with other metro cities like Bangalore, Mumbai, and Hyderabad. Post unforeseen disruption, the market’s performance dipped sharply, and it struggled to stay afloat during the initial months of the pandemic.

However, resilient as the Delhi NCR market is, it discovered opportunities disguised as challenges and adapted to the dynamic business environment by evaluating the newly formed occupier sentiments, innovating to deliver as per the new market needs, and regained its supremacy in no time.

Amidst uncertainty, the Delhi NCR market has shown extraordinary recovery and restored the faith of investors and occupiers alike.

Key Takeaways:

  • The resilience demonstrated by the Delhi NCR market amidst unforeseen market turbulence affirms its potential to overcome any such disruption in future, showing cohesive signs of a bright future.
  • Evolved occupier sentiments showcase the growing popularity of flex workspaces among small businesses and large corporates alike. As more and more businesses embrace a distributed or hybrid work model to avail its numerous benefits, the demand for flex workspaces is expected to shoot up.
  • The industries that will lead the demand for flex workspaces in the Delhi NCR market will be Manufacturing, IT and Other Services.
  • With Delhi NCR gradually ascending to the top spot of India’s start-up incubators, flex workspaces will register a spike in occupancy by start-up businesses. Simultaneously, large corporates will play a pivotal role in driving demands as they set their base in national capital and adopt a hybrid work model in the long-run.
  • Occupier’s safety and hygiene practices will continue to play a crucial role in day-to-day conduct of flex workspaces.

Fill out this form to download this report

* Please fill data
* Please fill data
* Please enter a valid email id
* Please fill data
* Please enter only 10 digit mobile number
* Please fill data
* Please enter only 10 digit mobile number
* Please fill data
* Please fill data