subject: Real Property In Gurgaon, Ncr [print this page] The real estate India has some good news in store for retailers. The slip rental rates, even when the world economy is still recovering from the aftermath of the recession, have encouraged retailers to open more stores this fiscal year with the best deals in the first quarter.
Many high-level retailers had not advertised to reduce expansion plans in recent months are taking initiatives to improve its network of retail throughout the country. Things look much brighter, as real estate rentals multiple reduction. According to a recent survey by Macquarie Research, the phenomenon of supply and demand has resulted in an increase in retail rents over the past three years. Now that supply has increased compared to demand due to retailers' withholding of expansion plans, there is an expectation of continuing decline in average rents at least 25% over the next 12 months. The layoffs and reduction Employee costs also add to the factors that contribute to marginalization.
Gurgaon, the commercial center of India is being perceived as a profitable places to invest for several retail giants. The statistics suggest that rates of rental property at retail in Gurgaon, in the range of U.S. $ 18,600 to 37,000 per year will remain moderate. The fall in rental real estate is expected to reduce rates of blistering on the properties of Gurgaon in the near future. For those who have been dreaming of setting up shop here and now can meet and benefit from the ultra modern city.
The Indian retail sector has shown an increase of 5% in the last quarter of 2008-09. Industry experts say that this is the appropriate time to begin expansion plans, especially in Gurgaon. Since, Gurgaon is home to several multinational companies and shopping centers, investment in retail properties is the lucrative option that is sure to get more return on investment.
