Connaught Place and Noida Witness Rental Rate Hike

connaugh-placeNew Delhi: The rest of the country can be smarting under the threats of a real estate price correction or the predicament of empty malls. But the national capital is untouched by the troubling trends. Earlier in the year Connaught Place has already ranked among the costliest commercial areas on the planet when it comes to office rental space. Now it seems to be on the race to become one of the costliest retail real estate markets as prices in Connaught Place (Inner Circle) have just recorded an increase of 12%. Major malls of Delhi NCR are also refusing to lag far behind as the demand and prices are showing a positive rise. The retail report has been compiled by Cushman & Wakefield.Connaught Place and Greater Kailash 1, M Block Market fetched the highest rentals due the entry of international brands and prominence of the area. Other markets in Delhi also remained stable and markets with main street availability are showing increased popularity and hence rentals are also rising. There is also a steady demand of space in malls of south Delhi and Gurgaon which will push the prices farther.Quality malls are in high demand by luxury retailers. But the dearth of space in quality malls is pushing up rental rates in premium malls of Noida where rental records show a 10% quarter over quarter appreciation. South Delhi malls have shown a 2% quarter over quarter appreciation caused by the stir in mall destinations due to expiration of lease. займ на карту без отказов круглосуточновзять кредит онлайн

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