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Indian commercial property market loses momentum in Q3 : RICS

Posted on 10 November 2011

According to the latest RICS India Commercial Property Survey, although the economy has continued to grow steadily, output growth has seen a decline through the course of the year. This aspect coupled with interest rates continuing on their upward trajectory has affected market sentiment, with capital values turning negative for the first time since 2009 and modest deterioration in markets expected even in the coming quarters.
Additionally with the current level of uncertainty in global financial markets affecting the commercial real estate sector in many economies, especially with the intensification of the euro area crisis, India has also dropped 6 places to be ranked at 19, in relation to its Q4 rental value expectations as a consequence of available space rising at a faster rate and a slack in occupier demand witnessed over the previous quarter………………………………………..Full Article: Source

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