Agree with Dev. The only other additional variable is the overall demand and incoming lease supply in the Bangalore micro market. My anecdotal understanding is that the micro market is tight for Grade A facilities although thanks to the low interest rates up untill now, additional supply is likely to come in. That may have some downward pressures on rentals. Typically there is a lag between interest rate cycles and physical demand and supply cycle. However long term would still say fundamentals look decent
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