Property rates all time down for Commercial Segments
Click here to read full article from source
India, Oct. 30 -- By Accommodation Times Research
Real Estate prices are all time low since 2007 level for commercial use properties in major metros. There are no takers for large plate and costly rentals. The rentals have dropped almost 45% from 2017 level and almost equal to 2007 level for office spaces in major metros especially in Pune, Bangalore, Ahmadabad and Gurugram.
In Mumbai, BKC rentals have fallen to 2012 level where the office lease rental have fallen to Rs125/- per sq ft in B grade buildings. A grade Buildings too have seen heat of falling lease trends. A grade office space have fallen almost 35% on year on year basis. BKC, Lower Parel and Andheri East prices for capex have been falling since 2017 and have gone to 2012 lev...
To read the full article or to get the complete feed from this publication, please Contact Us