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Indian capital ranks 69 for global rental

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Going down the property line is still on at many major location of the planet which in turn pushes downs the retail rentals. As per the sources available at www.propertykhazana.com, the Indian capital city Delhi has come down to number 69 at a worldwide assessment by CBRE – a global realty consulting firm for the first fiscal term of 2009. The list was toped by US business city New York besides the annual fall of 10 percent.
The 69th rank of Indian capital New Delhi is marked by 109 dollar per square feet as an average rental at the prime locations. Later adding at the www.propertykhazana.com MD and chairman of CBRE reveals that market is quite down with very low enquiries for occupation of commercial space and hence tends to raise the unemployment outlook at many countries. The rental fall was marked around 25 percent during last six month for the capital city as per the report submitted by CBRE for the first quarter.
Source reported at www.propertykhazana.com states that among the Asian countries Hong Kong ranks top with second position globally with Tokyo, Guangzhou, Singapore and Shanghai at 5, 14, 18 and 29 positions. But shockingly Chinese capital has gone down to 29th position for the category of retail rentals. Further Anshuman Magazine of CBRE adds that “from the end of last fiscal year economic majors like India and China has gone down to more depths of economic melt and many correction was made to sustain the realty margins with hardest possible efforts”. For more and latest Indian real estate news browse www.propertykhazana.com.
Source: NBTVLIVE

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