Commercial rents remain stable
Commercial rent trends in the first quarter of 2012 have been idle with rates almost constant, except in some places in major cities of India where there has been a growth.
Commercial rents in Lajpat Nagar and Greater Kailash in Delhi have been hopeful as they are preferred choices for commercial renting due to connectivity and high population density. But in Saket and Connaught Place, rents have dropped.
Rents have seen an increase in Thane, Kandivali and Lower Parel areas in Mumbai. In Bangalore, rents increased in Whitefield but plunged in Koramangala. Commercial rates in Chennai continue to maintain their linear and steady growth.
Over the past one year, the overall commercial rentals increased by just 7 per cent in Delhi and by 3 per cent in Bangalore, while Mumbai rents went down by 2 per cent.
To read more real estate news:
Rental cost of commercial property in India is increasing
Property prices will not plunge – Indian realtors
Source: Business Line
Bangalore, Chennai, Commercial rent, Connaught Place, Delhi, Greater Kailash, Kandivali, Koramangala, Lajpat Nagar, Lower Parel, major cities of India, Mumbai, Saket, Thane, Whitefield
[...] Commercial rents remain stable [...]
[...] Commercial rents remain stable [...]
[...] Commercial rents remain stable [...]
[...] Commercial rents remain stable [...]
[...] Commercial rents remain stable [...]