Commercial real estate market sees sharp rebound in September quarter

DLF recorded over 98 per cent collection in office rentals

The commercial real estate market is coming back to life after the severe blow it received during the prolonged nationwide lockdown. With offices opening slowly and renewed demand from growing sectors like e-commerce, developers are beginning to register commercial rentals and leasing fees again.
 

Sample this: Real estate major DLF reported over 98 per cent recovery in office rentals in the July-September quarter. It raked in Rs 720 crore in total, nine per cent higher than the previous quarter, with Rs 670 crore from office rentals. During the quarter, it signed a pre-leasing agreement of 770,000 square feet with Standard