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In 2013, Indian cities witnessed more or less steady retail rentals, especially in the first-half of the year. This was due to stable demand from customers, from sectors like fashion, jewelry and food & beverage. However, an overall analysis would indicate presence of both increase and drop, depending entirely on location. The above said sectors paved way for continuous demand for shopping malls and high streets.
These findings are part of a survey by Cushman & Wakefield, International real estate consultants.
Delhi comes to the top in the analysis, and the Khan market again retained its tag as India’s most expensive retail place, with assured rentals. Mumbai’s famous Linking Road follows the Khan Market. However, lack of supply has been a drawback on the percentage of increase. With adequate supply, the increase could have been much better. Connaught Place and South Extension in Delhi also deserves to be named among the top cities with highest rental growth.
Regarding the demand vs supply ratio in important places, MD of Cushman & Wakefield, Mr. Sanjay Dutt pointed out that due to insufficient funds, satisfying all customers was an impossible task. Also, many builders were less interested in shopping malls. In addition, new age retailers are particular about the design and other features of a commercial property, which automatically reduces available options.
Traditional commercial centers seem to have retained their tag, yet, other areas are witnessing fast-phased development and soon could demand prices on par with the conventional shopping centers.
Simply put, India is a prospective place in terms of commercial investment with assured rental returns.
These findings are part of a survey by Cushman & Wakefield, International real estate consultants.
Delhi comes to the top in the analysis, and the Khan market again retained its tag as India’s most expensive retail place, with assured rentals. Mumbai’s famous Linking Road follows the Khan Market. However, lack of supply has been a drawback on the percentage of increase. With adequate supply, the increase could have been much better. Connaught Place and South Extension in Delhi also deserves to be named among the top cities with highest rental growth.
Regarding the demand vs supply ratio in important places, MD of Cushman & Wakefield, Mr. Sanjay Dutt pointed out that due to insufficient funds, satisfying all customers was an impossible task. Also, many builders were less interested in shopping malls. In addition, new age retailers are particular about the design and other features of a commercial property, which automatically reduces available options.
Traditional commercial centers seem to have retained their tag, yet, other areas are witnessing fast-phased development and soon could demand prices on par with the conventional shopping centers.
Simply put, India is a prospective place in terms of commercial investment with assured rental returns.
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