Malls let out for office space!
The developers and builders find way to keep their rental spaces occupied!
Wherein few of the builders have started letting out their mall spaces for office usage.
It is well known that the realty market at present is not doing good.
Therefore to balance the present critical realty environment, the developers in Bangalore and Mumbai have begun converting such projects into offices or homes.
Now, fed up with these sales the builders and developers have lost the appetite of building malls.
Recently, Panchshil Realty from Pune converted the commercial space into building office space measuring nearly 500,000 square feet to 200,000 square feet.
Source: Live mint
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