According to the report of Real Estate Intelligence Services Division of Jones Lang LaSalle Megraj, the commercial real estate market of India is shinning with the economic recovery of India. The report titled “Seven Stars of India-India’s best performing micro market for occupiers” declared that India is the most encouraging office micro market. The report figured that 2011 will be beneficial for the landlords where as 2010 will stay advantageous for tenants. In 2011 the office rents will increase and the landlords should think about locking striking lease procedures.
Mr. Abhishek Kiran Gupta, the associate director of the Real Estate Intelligence services Division of Jones Lang LaSalle Megraj stated that the up tick in the level of lease contracts has been reported in most of the Indian big cities. More than a million square feet of land is given out on lease in Mumbai, Delhi, and Hyderabad.
The report suggested the landlords to change the approach for commercial occupiers if they want to maximize their profit ratio. Office micro market is high real estate development and this development would outpace the net absorption, which in turn would lead to a rise in the vacancy level.
Mr. Abhishek Kiran Gupta, the associate director of the Real Estate Intelligence services Division of Jones Lang LaSalle Megraj stated that the up tick in the level of lease contracts has been reported in most of the Indian big cities. More than a million square feet of land is given out on lease in Mumbai, Delhi, and Hyderabad.
The report suggested the landlords to change the approach for commercial occupiers if they want to maximize their profit ratio. Office micro market is high real estate development and this development would outpace the net absorption, which in turn would lead to a rise in the vacancy level.
Commercial real estate becomes one of the most in demand topic and i read lots information about it.
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