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C&W latest report reveals mall space status across major Indian metros
Posted On: 12-07-2012 00:00:00 12

Cushman & Wakefield (C&W), the privately held commercial real estate services firm has released its latest report on the real estate markets across major cities across India.

As per the report on the retail real estate market in the first half of the year 2012

30% of retail mall space was deferred against the projected supply for the period

fresh mall supply stood at 2.27 million sqft

one million sqft of mall supply deferred to second half of 2012

19.6% overall vacancy rate for major cities, only marginally higher than previous quarter

The region wise data in brief was as follows-

NCR recorded 80% mall supply deferment, with vacancy levels at 28%. Mall supply in Q1 2012 was 120.000 sqft and no supply in Q2

Bangalore had the highest mall supply of 1.5 million sqft in H1 2012.

Kolkata recorded increase in rentals due to limited space availability.

In Chennai mall vacancy was stable at 8.2% and the rental values across malls and high streets remained unchanged.

Hyderabad saw oversupply of retail spaces, resulting in decrease in rentals

Mumbai was stable wit rentals across high street and mall remaining unchanged.

To read complete report Click Here ...

 
 
 

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