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Source available with the www.propertykhazana.com says that, in India commercial space are about to drop with nearly 25% in the coming financial quarters especially Delhi and Mumbai is likely to witness a decline of 55%. As said by the JLL, reduce in land rates in India is likely to carry throughout the year with commercial rentals estimated to drop by 20-25%, because the downturn has striked the realty segment and is expected to witness a revival in the second half.
JLL reports available with the www.propertykhazana.com states that, the biggest reduce in rentals will be in Delhi and Mumbai which is estimated to split its top. Commercial leasing in Chennai, Hyderabad, Pune and Kolkata are about to shrink 35-45% in the coming quarters, correspondingly Bengaluru rentals are expected to drop by 20-25%.
In the present economic condition, the industry experts say that, the current increase in the equity market has thrown elation in the economy and if continued, then the stimulation will ensue. Even the impact of increase will start flaunt signs in the realty segment, the profits will absolutely appear in 2nd half, as new demand all over again rises in the market and the dormant demand will cover the anxiety of a decline coming back. For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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