India is now amongst
the top ten global markets and recorded the highest rental increase year on
year as per the annual report 'Main Streets across the World 2013' by
global real estate consultancy firm, Cushman & Wakefield (C&W).
Punjagutta in
Hyderabad recorded the 8th highest growth in retail rental values globally with
an annual growth of 29 % year-on-year.
South Extension in
New Delhi,India was at 17th position with an annual growth 20 % year on year.
Khan Market in New
Delhi remained the most expensive retail location with a monthly rental of
1,250 square feet per month recording a moderate 2% growth over last year.
The location
witnessed high demand from retailers but due to limited availability and
transactions, rental values have only seen a marginal increase.
Despite a correction
of 11% over last year due to lack of interest from retailers, Mumbai's Linking
Road (750 square feet per month) emerged as the second most expensive retail
location followed by Connaught Place and South Extension.
Research Mr. Martin Mahmuti
T: + 44 20 7152 596
CHENNAI
Paramount Plaza, 5th Floor
No. 7A/ 22 Nungambakkam High Road
Chennai - 600 034
91 44 4299 5555
T: + 44 20 7152 596
CHENNAI
Paramount Plaza, 5th Floor
No. 7A/ 22 Nungambakkam High Road
Chennai - 600 034
91 44 4299 5555
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