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Ahmedabad tops the list of lowest rate of vacancy

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The degrading realty activities across the country have led to the fluctuation in occupancy of the vacant commercial space. As per a study on behalf of www.propertykhazana.com reveals that among all the major and emerging cities – Ahmedabad holds a better positions in vacancy rate with just around 5 to 6 percent. The vacancy list is topped by Chennai’s Rajib Gandhi Salai location with 42 percent vacancy where as the over all vacancy rate of the southern metro is nearly 18 percent.
Coming to the economic capital – Mumbai recorded with 11 to 12 percent and for the national capital it was around 8 to 10 percent as added on www.propertykhazana.com. It was also witnessed that compared to the last reading, current vacancy rate rose up bit higher due to the immense effect on the IT and related segments across the major locations of the country. The first fiscal of the year was most effected term regarding the vacancy as compared to the reading of the past couple of years. “Over supply was all meant to the major cities looking to the future occupation of the IT and ITES but the sudden downfall has raised an opposite situation for the realty market” as stated by executive director of Cushman and Wakefield.
Rental segment also gets a huge blow with deep fall at various major locations including IT hub – Bangalore. However this city has maintained a moderate graph of supply, providing 2.81 million square feet area leaving behind Hyderabad and Ahmedabad. NCR has also the same story with correction of around 19 percent for its initial quarter and later downing to 17 percent. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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