commercial real estate spaces
NASHIK: Municipal commissioner Radhakrishna Game has directed the property tax department to proceed to issue permits against 439 property tax defaulters, who have exceptional dues of higher than Rs 50,000. The directions were provided by the Game through an up-to-date report meeting endured with the department concerned. Executives of the Nashik Municipal Corporation (NMC) [...] Continue Reading »
The mismatch between supply and demand for retail space in the southern India is growing worse. The real estate builders continue to build malls in a saturated market and as a result, by 2014 there will be an increase in supply by 100 percent. Over the next two years, Bangalore will have 27.602 million square [...] Continue Reading »
Bharti Walmart, the joint venture between Bharti Enterprises and Walmart Stores Inc, has termed limited availability of real estate space coupled with high real estate costs as one of the major challenges in front of Indian retail market. The government’s policy restricts foreign direct investment (FDI) into multi-brand retail sector wherein the MNC retailers are [...] Continue Reading »
Faridabad‘s commercial real estate is all set to undergo significant change. A large number of business and IT Parks are coming up in the city, which will push the commercial scenario in the city. The commercial sector has already noted an average escalation of 8-10 per cent in past six months. Faridabad-Mathura Road is the [...] Continue Reading »
Analysts said that demand for commercial real estate has dropped around 30 per cent in the past year, due to general economic slowdown. Office rentals witnessed 15 per cent decline in rentals across many locations. In some cases it has come down by as much as 50 per cent. Credit to the commercial real estate [...] Continue Reading »
In the global retail development index India is standing at fourth place, as it has a huge opportunity for retail growth. As the retail industry in India is expanding, the consumption of commercial real estate spaces will increase in near future. Though there is huge potential for the retail market to consume the commercial projects, [...] Continue Reading »
