Bengaluru to see a surge in office rents in 2021

03 Dec 2020 Editorial Team

According to the Asia-Pacific Real Estate Outlook 2021: Navigating the Post-Pandemic Recovery, the market yields for Bengaluru, NCR and Mumbai under office and warehousing segment are expected to remain stable in 2021, in terms of APAC Capital market forecast.

For 2020, prime office rents across the region fell 4% year-on-year, which was in line with Knight Frank's growth forecast of -5% to -3%. At the same time, vacancies in 2020 rose by 1.8 per cent to 12.6%.

Knight Frank expects Asia-Pacific prime office rents to drop between -3% and 0% in 2021, considering all these things. In contrast, the office market in Bengaluru will see an increase in prime rents in 2021, while rentals in Mumbai and NCR will remain stable, according to the report.

Bengaluru student housing remains at the top

The APAC area has witnessed several green shoots in 2020 due to the $1.36 billion Urbanest student housing portfolio deal. Notably, Urbanest was the biggest student housing agreement in Asia-Pacific, and over the last five years, this alone was more than the total transaction sizes.

Student housing in Bengaluru topped the graph with the largest number of university colleges at 961. It is followed by Pune 819, Hyderabad 615, Jaipur 574 and Nagpur at 410.

Knight Frank also said that transaction activity in 2021 would be primarily focused on the main markets of 'safe-haven'. Under the office segment, the commercial yield is projected to stay steady in 2021 for Mumbai, NCR and Bengaluru.

Housing prices in 2021 to remain steady

Indian cities, including NCR, Mumbai and Bengaluru, are likely to see stable prime housing prices in 2021. The reopening of borders, however, will also result in the return of high-net-worth foreign consumers who have been relatively scarce this year.

Expectations of Knight Frank for 2021 are the same as the performance of 2020, with price growth in 17 of the 22 markets to be stable to moderate, backed by continuing low-interest rates.

Knight Frank India says the pandemic’s influence over the year 2020 greatly led to low activity in Q2 2020 and stagnant segments around the Indian real estate market. Progress restart was seen in Q3 2020, however with constructive steps being taken by the government and the RBI. During this time, the struggling residential industries got a new lease of life, and demand saw an unexpected rise.

Source- Money Control

The Indian office market is anticipated to remain strong in 2021, as per a report by international property consultant Knight Frank, with Bengaluru predicted to see a spike in rental values and the National Capital Region (NCR) and Mumbai likely to remain stable.According to the Asia-Pacific Real Estate Outlook 2021: Navigating the Post-Pandemic Recovery, the market yields for Bengaluru, NCR and Mumbai under office and warehousing segment are expected to remain stable in 2021, in terms of APAC Capital market forecast. For 2020, prime office rents across the region fell 4% year-on-year, which was in line with Knight Frank's growth forecast of -5% to -3%. At the same time, vacancies in 2020 rose by 1.8 per cent to 12.6%. Knight Frank expects Asia-Pacific prime office rents to drop between -3% and 0% in 2021, considering all these things. In contrast, the office market in Bengaluru will see an increase in prime rents in 2021, while rentals in Mumbai and NCR will remain stable, according to the report. Bengaluru student housing remains at the top The APAC area has witnessed several green shoots in 2020 due to the $1.36 billion Urbanest student housing portfolio deal. Notably, Urbanest was the biggest student housing agreement in Asia-Pacific, and over the last five years, this alone was more than the total transaction sizes. Student housing in Bengaluru topped the graph with the largest number of university colleges at 961. It is followed by Pune 819, Hyderabad 615, Jaipur 574 and Nagpur at 410. Knight Frank also said that transaction activity in 2021 would be primarily focused on the main markets of 'safe-haven'. Under the office segment, the commercial yield is projected to stay steady in 2021 for Mumbai, NCR and Bengaluru. Housing prices in 2021 to remain steady Indian cities, including NCR, Mumbai and Bengaluru, are likely to see stable prime housing prices in 2021. The reopening of borders, however, will also result in the return of high-net-worth foreign consumers who have been relatively scarce this year. Expectations of Knight Frank for 2021 are the same as the performance of 2020, with price growth in 17 of the 22 markets to be stable to moderate, backed by continuing low-interest rates. Knight Frank India says the pandemic’s influence over the year 2020 greatly led to low activity in Q2 2020 and stagnant segments around the Indian real estate market. Progress restart was seen in Q3 2020, however with constructive steps being taken by the government and the RBI. During this time, the struggling residential industries got a new lease of life, and demand saw an unexpected rise. Source- Money Control

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Infrastructure Urban

13 Mar 2026

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Infrastructure Urban

13 Mar 2026

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..