Commercial rental to witness mixed trend in India
Rentals for commercial space across India may see a mixed trend in coming few years.
Real estate firm Cushman & Wakefield (C&W) says that while cities such as Bengaluru, Chennai and Pune are to witness moderate rental increases over the next five years, the scenario may turn out to be different in other cities.
The national capital region (NCR), Mumbai and Kolkata will witness considerable oversupply of commercial real estate, which may trigger rental correction in select micro markets during that period.
The demand to supply surplus in commercial realty is expected to be the highest (40 per cent) in 2012. However, it will be reduced to six per cent by 2016 across the nation.
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Bengaluru, Chennai, Commercial real estate, commercial rental rates, commercial rentals, Cushman & Wakefield (C&W), Kolkata, Mumbai, National capital region (NCR), Pune, rental correction, Rentals for commercial space
