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Investor Presentaiton

Demand Recovery has been Softened by the Second Wave Brookfield India Real Estate Trust After a significant pick-up in enquiries last quarter, we are beginning to experience a slowdown in decision making post the second-wave of COVID-19 KEY THEMES IN MEDIUM TERM RECOVERY • Relocation: from non-institutional to institutional properties Consolidation: from multiple locations into a single large property Expansion: pent-up space demand and real estate plans for next 5 years of growth NET ABSORPTION IN REIT MARKETS (MSF) 15 Medium-term Recovery 7 7 7 2 12 9 CY17 CY18 CY19 CY20 CY21 E CY22 E CY23 E We expect absorption to pick-up upon significant progress in the vaccination roll-out, with increased occupier preference towards institutionally managed properties Source: CW Research. 18
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