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Pune shopping malls

28% vacancies in Pune malls, rentals down

28% vacancies in Pune malls, rentals down
Real estate advisory Cushman and Wakefield (C&W) said Pune has witnessed 28% of vacancies in malls in the third quarter of this year due to oversupply. However, due to the increased supply, the rental values witnessed a drop. The extravagant retail developments in the last few years in Pune have put some pressure on the rental values. The [...] Continue Reading »

PCB increases property tax by 900%: SGS Mall

PCB increases property tax by 900%: SGS Mall
The SGS Mall has said that the Pune Cantonment Board (PCB) has made an increase of 900 per cent in the annual property tax. Subhash Gulati, CMD, SGS Mall said the mall was paying an annual property tax of Rs 19.54 lakh every year adding that in 2010 the PCB revised the property tax of the mall, increasing it [...] Continue Reading »



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