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India: Distressed office space assets to go up

Posted on 08 May 2013

Supply of office properties from developers struggling to fund, complete or sell their projects is likely to increase further in the April-June quarter, according to the latest RICS India Commercial Property Survey.
This continues from a marked pick-up in the supply of such distressed office properties in the January-March period, the property consultancy said in a report released Tuesday, without giving specific numbers or estimates. While distressed properties would be available at prices lower than market rates, the rise in their supply could dampen the capital values of office spaces, say experts………………………………………..Full Article: Source


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