Monday, May 30, 2011

Growth of Integrated commercial complexes in India

The real estate scenario in India is witnessing a change. According to commercial real estate India information integrated commercial complexes are becoming a reality just like integrated residential complexes. Inside sources of real estate developers India inform that the process for developing integrated commercial space has already begun in India. Leading real estate developers opine that this trend is an emerging one and is going to sell well. Such integrated commercial spaces will have office space, five-star hotels and retail space along with other facilities within the complex.

One such project has already been executed in Bangalore by the Brigade Group. Following on its footsteps many such projects are being planned all over the country.
Real estate developers agree that the profit margin in such projects would be definitely higher in comparison to other real estate projects. In Capital City of Noida and at Mulund in suburban Mumbai such projects have been launched by BPTP Ltd in the name of Nirmal Lifestyle and Nirmal Galaxy respectively.

This trend which is picking up in India is not the first in the world as such projects have been in vogue in different parts of the world. Integrated commercial complexes are turning out to be a balance between development and demand.

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