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Rental cost of commercial property in India is increasing

Commercial propertiesThe commercial property markets in India is showing indications of a slight turnaround with investments and rentals moving up in first quarter of this financial year.

Developers for their part are gearing to tap the commercial property market with faster completion ratio and refurbishing existing properties in India.

According to the RICS India Commercial Property Survey, the market is now witnessing improving results, which could signal the beginning of a turnaround.

Demand for office space still remains relatively sluggish although there has been some uptake in absorption this quarter as compared with previous months.

The cost of rent is increasing in different part of India. It is recorded that the rental values of the properties in NCR has been increased maximum among the cities in India.

The rate of rental in Bangalore property market has seen an increment of 18 percent in the running quarter. But the realty market in India is still suffering by the high inflation and the transactions are slack and buyers are sitting on the fence in anticipation of price correction.

To read more real estate stories:

Residential properties sales will rise in NCR

Rainwater harvesting must be implemented

Source: The Hindu Business Line

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