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Pre commitment trend continues in commercial realty sector

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As per the available sources with the www.propertykhazana.com the trend of commercial ventures is on and on and in this regard many developers and builders are working on as many as possible commercial buildings to serve the demand. IT companies foraying into the Indian cities is the main reason for the boom as well the demand of commercial ventures in India. For example any land or property in the core or the outskirts left vacant then it clearly proposes that the land or plot is meant for the development of commercial venture.
Following the IT companies now the MNC’s are in eager to establish their trade in India and some of the companies have signed the JV’s. The source further added at the www.propertykhazana.com says that over 10.6 Million Sq.ft of commercial space was developed in the year 2006 alone in the National Capital Region with about 4.6 Million Sq.ft of space was committed in advance.
Multi National companies look for lease space and some of the Indian companies are managing with own buildings and the commercial establishment of Nestle and Ericson was developed by the realty major DLF in Gurgaon. The trend has increased the confident levels of the developers and many developers are into the construction of commercial projects without any early commitments.
To cater one’s requirement, developers are only coming up with wall to wall structures such that any client or company interested shall go with the development of interior to suit their business. The sources further said at the www.propertykhazana.com that the pre-commitment trend is continuing which is highly seen at the NCR and most of the big ventures are pre-committed which include the projects of DLF.
Source: NBTVLIVE

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