Friday, June 08, 2012 6:45:07 AM
The commercial property markets in India is showing signs 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.
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.