02.06.2011 - India: Play safe with commercial property
High returns are a lure for investment in office space, but both loan-to-value and tenures are lower. Property consultants say sluggish volumes in the residential sector and hardening interest rates have come as a boon for retail investors in office properties. Today, in Mumbai, investors can own smaller units of space, of 500 to 1,000 sq ft, in Grade A buildings (those centrally air-conditioned and with standard amenities), in contrast to a few years earlier, when only larger units were available, says Ramesh Nair, managing director, West India, Jones Lang LaSalle (JLL)..............................................Full Article: Source
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