Mumbai witnessed the grand growth in retail rent
No Comments Sub Category:Cities,Commercial Real estate,Mumbai,Realty News Posted On: Nov 20, 2012
According to the report by Cushman & Wakefield, property consultant, Mumbai witnessed the highest rental growth globally. Colaba Causeway has seen a jump of 75 percent in the rental values in past one year.In the list of top 10 Global Highest Retail Rental Growth Markets 2012, Kolkata’s Park Street is in the 5th position with 53.8 per cent rise in rentals and Chennai’s Khader Niwaz Khan Road on 10th position with 36.7 per cent jump in rents.
Khan Market is one of the most expensive retail destination in India but the ranking dropped down because of the decline of the India rupees against US dollars, said C&W. Khan Market recorded the highest rental values for the year in India at about Rs 1,225 per sq ft a month and there was a marginal increase of 2% over the prior year
The main road always has a good demand for retail location as it is located in the middle of the premium and most residential boulevard of the capital city
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expensive retail destination, Global Highest Retail Rental Growth Markets, Khader Niwaz Khan Road, Mumbai real estate, Mumbai realty, Park Street, Property Consultants, Realty, Realty News, rental growth, rental values, residential boulevard, retail rent
