Transaction in commercial realty reduced in first quarter
The buying and leasing transactions in the commercial real estate market in India remained slow for the first quarter ended on March 31 of the calendar year 2012.
This reduction is due to the weak domestic macroeconomic indicators and cautious sentiments among Indian corporates and financial institutions.
The companies also hold their buying decision as there was no improvement in the interest rate for the fundings.
The highest demand was noticed in the realty market in Bangalore and Mumbai.
Bangalore recorded transaction of 3.6 million sq ft area while Mumbai has recorded 1.2 million sq ft transaction in the first three month.
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New concepts for real estate property deal
Renting out property is gaining attention
Source: Financial express
buying and leasing, Commercial real estate, realty market in Bangalore, Realty market in Mumbai
