Rental cost of commercial property in India is increasing
The 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.
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Source: The Hindu Business Line
Apartments in India, Commercial property market, office space in India, projects in India, Properties in India, property markets in India, Real estate in India
[...] Rental cost of commercial property in India is increasing [...]
[...] Rental cost of commercial property in India is increasing [...]