Till December 2008, Bangalore recorded an 18 per cent rise in rental. Kolkata, Pune and Hyderabad feature among the top ten performing office locations.The highest rental growth was witnessed in Bangalore with the CBD region recording 18 per cent appreciation over the past year owing to limited supply coupled with relatively low vacancy. Select locations in Hyderabad such as CBD and Prime Suburban witnessed 6-7 per cent growth while the CBD in Kolkata witnessed a 17 per cent rental growth. Central and suburban location in Mumbai as well as central and peripheral locations of NCR witnessed significant annual correction due to the weakening business sentiment and unrealistically high rates.
The increased vacancy and subdued demand across most micro markets made it difficult for landlords to maintain the historic high rentals. "Ghost spaces" or vacant office areas in commercial complexes dotted the landscape throughout the country. "The relatively new markets of Bangalore, Kolkata, Pune and Hyderabad were not as inflated as the more mature ones of Mumbai and Delhi, where price points defied the low operational cost advantage that developing economies.....http://www.maaproperties.com/
At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.
We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)
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Maa properties provides property related transactions in Hyderabad like buy, sell, rent, lease, providing tenants, maintenance for nris under three services property deals, property analysis and property care.