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Rentals go down by 10 – 15 Percentage due to slow growth

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Due to many reasons there was very low profile at the business of the realty around the country related to all realty main and sub sectors. The rhythm was continued till the second quarter of the 2008. As a result it witnessed that many concrete structures was bowed to lower rental figures. According to the sources of www.propertykhazana.com it was found that the rental rates have degraded down to around 10 – 15 percent. And in few other major cities it fell up to 30 percent deeply around the country. As a result many planned projects were kept in hold for a better term of business in coming years.
Being the business capital of the country – Mumbai itself was in grave of fear due to steep falling of the rental around its many hi profile locality. But in comparison Delhi has made itself better due to keen interest of the newly flourishing IT hubs around its borders and at the many posh city locations. Sources of www.propertykhazana.com also reveals that the demand of the commercial space during the mid quarters of 2008 was 9.74 million square fit where as supply of the same was around 18.07 million square fit. It also came to lime light that the smaller and less influential areas were in bit safer zone as compared to the metro locations in terms of the rate falls.
Source: NBTVLIVE

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