Properties in NCR are 5th most expensive across Asia Pacific
The National Capital Region (NCR) is ranked as the fifth most expensive commercial property location in Asia Pacific. In a survey by a analyst firm, it is found that the rental rates of commercial properties in NCR are highest in India and 5th in entire Asia.
The cost of rental properties in Mumbai is recorded in the 10 th position. Among a total of 25 cities across Asia, NCR and Bangalore saw the highest rental value rise in office market rentals in first quarter ended March 2012.
Most Asian markets are currently depicting signs of stability. While some key emerging markets in India still showing growth owing to the sustained demand generated in real estate specially from Banking & Consultancy, Automobile, Engineering and Pharmaceutical Sectors.
There has been a clear preference for cost-efficient location. That is the reason why traditional high cost locations have seen a slight correction, while cities such as Bangalore, New Delhi, NCR have seen a stable rise in demand of commercial properties.
Rest of the markets across India remained stable with no change in the rental values for the commercial properties.
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Source: Indiaretailing
