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Major cities witness correction in rental again

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Fall in realty show still continues across the country. Recently on a study of realty group on behalf of www.propertykhazana.com has revealed that the locations of economic capital and Ahmedabad which were once hot spots for Mall culture is deeming down the graph with huge margins of 36 to 42 percent in rentals. The similar case is found for the other related emerging cities like Hyderabad, Pune and Kolkata. NCR is also on the top of the list with huge drag of rental rates across the main locations of the city.
Over the past one year Gujarat capital has corrected its rental rates nearly to 55 percent across prime spots of the city. Source reported at www.propertykhazana.com reveals that it is not only small organization but even the leading brands of the retails are also packing the luggage and others few have already shut down the doors looking at current economic and realty break down. Mumbai witnessed more in this case with 38 percent correction and making further effort to encourage the retailers.
Coming down to Hyderabad, it was observed a correction of around 25 to 29 percent for the last ending quarter for the retailers. Both in the case of Main Street and the malls suffered almost the same range of correction due to strict negotiations and low demands. Kolkata on the other hand has been corrected with 10 percent along with Pune going around 25 percent. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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