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    Topic: Commercial realty biz hits oversupply hurdle!  (Read 571 times)

    ritika
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    « on: November 11, 2010, 04:49:50 AM »

    According to a recent report by Cushman & Wakefield the demand for commercial real estate sector is picking up momentum across the country.
    The demand for office spaces has grown by 18% over previous quarter while supply recorded was lower by 11% in the same period. This is good news for the developers of commercial real estate as the narrowing demand supply gap will enable them to hold prices. The real question is how long will this momentum sustain.

    How is this likely to affect the rates in growing business hubs like Lower Parel and Navi Mumbai? Whats your take?



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    ankit
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    « Reply #1 on: December 14, 2010, 05:04:49 AM »

    NRIs who are looking to set up businesses here in India have the capital and most importantly, are willing to invest in an office space in commercial hubs like Lower Parel.
    This seems to be a trend as many employees particularly in the IT sector in the US have seen the burgeoning opportunity in the indian IT sector and the internet space.
    These candidates are most likely to drive up the demand for office spaces in commercial zones in Mumbai.

    So i would say, any builder with a ready to use office space in Lower Parel and other commercial zones would gain significantly with the NRI influx.
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