India Property

Real Estate of India is witnessing a demand in commercial and institutional properties in all the major cities of India. India Property market for the rental segment is also recording an increase with residential and commercial growth. Residential rental markets in cities like Mumbai, Bangalore and Delhi-NCR is showing an upward graph. And the commercial rental market in stable in the Indian Property scenario.

The city of Pune witnessed a growth in the realty market as other sectors developed. There was a rise in demand in residential market in this city as migrated population in the city kept on rising, mostly because of work reasons. Even the commercial space rented by offices and retail units are doing a good business in Pune.  

In a recent property report in Pune, the retail realty market in Pune has recorded a stable retail segment. The mall space supply in Pune stood at 2.27 million square feet.  The city is expected to have about one million square feet by the second half of 2012 or early 2013. In the report, the overall India Property retail place was about 20%, which is marginally higher than last quarter.

For other cities of India, the high streets shops have recorded are high increase in rental value as against the malls there. The result reflected the retailer’s interest in high street properties in India. The property in Pune and Gurgaon saw a rise in rent in the high streets shops, about 7 to 8 %.

The rental Property in Pune for the malls were stable as there was sizeable vacancies. For the same, the high streets of MG Road and JM Road in Pune witness an increase in about 8% rentals. This was because of lack of space options. The report also mentioned that the overall vacancy rates of mall are likely to fall as the rentals will remain stable.