Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - India's Commercial Space: Too Much To Handle

abhi · 10-08-10

With office rental space set to outstrip demand resulting in a further drop in rentals, India's realty sector might face the problem of plenty, according to a latest report by Jones Lang Lasalle Meghraj. "With the forecast growth of net completions expected to outpace that of net absorption, a significant supply overhang is expected to remain over the next one year," Confederation of Indian Industry (CII) and global real estate services firm Jones Lang Lasalle Meghraj said in a joint report. "This will lead vacancy levels across India, which was 17.2 percent in 2009 to rise to 20 percent by 2010 end," the report revealed. It also mentioned that the commercial lease and rental space in India would witness a low occupancy rate till 2011

10-08-10	#1
abhi Member Join Date: Oct 2008 Posts: 150 My Mood: Thanks: 0 Thanked 4 Times in 4 Posts	India's Commercial Space: Too Much To Handle With office rental space set to outstrip demand resulting in a further drop in rentals, India's realty sector might face the problem of plenty, according to a latest report by Jones Lang Lasalle Meghraj. "With the forecast growth of net completions expected to outpace that of net absorption, a significant supply overhang is expected to remain over the next one year," Confederation of Indian Industry (CII) and global real estate services firm Jones Lang Lasalle Meghraj said in a joint report. "This will lead vacancy levels across India, which was 17.2 percent in 2009 to rise to 20 percent by 2010 end," the report revealed. It also mentioned that the commercial lease and rental space in India would witness a low occupancy rate till 2011