Realty consultants' data on occupancy differs from companies' nos : Ind-Ra

There is an apparent discrepancy in the private data shared by real estate consultancies at one end, and the that available from listed REITs/companies and private firms at the other, on occupancy and vacancy levels in office properties, rating firm India Ratings said today.

"While the data from the listed REITs and companies rated by India Ratings clearly is raising concerns, that provided by real estate consultancies projects a sanguine picture," it said.

Quoting  Liases Foras, the rating firm said office vacancy levels in the top eight cities in India remained largely flat at 15 per cent from FYE20 to FYE21. Vacancy