Hyderabad office market continued to witness an increase in the overall leasing activity in the third quarter of 2009 as compared with the last two quarters, property consultant Jones Lang LaSalle Meghraj (JLLM) stated. (more…)

Excess supply has made office rentals in key commercial centres in Mumbai and Delhi come down by half over last year, and realty analysts fear that with business houses waiting for economic activity to pick up speed and a raft of new commercial facilities nearing completion, the rates could head further southwards. (more…)

India’s capital New Delhi continued to witness a decline in retail rentals of 25 per cent and ranked 69th in rentals among the list of major cities across the world during the first quarter of 2009, according to global real estate consultancy CB Richard Ellis. (more…)

The commercial property market in the Mumbai is expected to take a 20-40 % correction according to a recent Jones Lang LaSalle Meghraj report. (more…)

Retailers in India could soon benefit from the global slowdown as demand slows.

Large retail chains such as the Future group, Reliance Retail and Aditya Birla Retail are cutting costs and putting pressure on landlords to renegotiate rentals. Many are using the downturn as a good opportunity to rein in costs as they leased or purchased property in India at the peak of the market. This has had a major effect on their bottom line and it is being felt even more so now. (more…)