Developers of the country wish to sell the leased commercial realty
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Source revealed at www.propertykhazana.com says, in Mumbai and in other country’s realty developers are selling the commercial realty which accommodates Offices, Retail and Hotels instead of leasing them. They are ready to sell the properties at the price which is striking by the purchasers and to get returns of the same. Chairman and Country Head Anuj Puri of Jones Lang LaSalle Meghraj said, “They are the landlords occupiers and want to take the profit of the properties on ease and wanting to purchase. The lease prices are high where it has been making softer of the auction rate and the builders need some currency to flow for them.”
Further more the sources at www.propertykhazana.com reveals that, Raheja Corporation commenced to sell their office spaces and it had a big office space in manifold ventures which stretched across Pune, Hyderabad and Navi Mumbai. Not only that other different supplementary of the Group had commenced the procedure of selling the office spaces across the country including Mumbai. Indiabulls realty also starts selling the office spaces which are in Tulsi Pipe Road, Jupiter Mills and Elphinstone Mills. Peninsula Land Ltd (PLL) which was developing commercial buildings in Ashok Gardens a housing venture 2,3,4 and 5 BHK apartments situated in Parel in Mumbai is also been sold out instead of leasing them. It was sold out 5 Lakhs Sq.ft of Dawn Mills and was in way to sell whole 19 Lakhs Sq.ft. And Real Estate Chief DLF was also in its way to sell the part of its commercial institutions instead of leasing.
Source: NIMMA BENGALURU
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