Even once the
residential realty market
in metropolis is
passing through a dry amount, its business counterpart
has seen a sturdy growth. as an example, the retail mall area in metropolis has
seen witnessed high demand that ensured the vacancy levels taking place by 2 per
cent. This happened despite the
very fact that regarding 1,000,000 sq.ft.
of retail mall area was another during this quarter.
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| commercial growth in chennai |
Cushman &
Wakefield, the leading realty analysis firm,
in their latest retail report claimed that attributable
to healthy
demand and upbeat dealing activity
the mall vacancy level declined to
fifteen.8 per cent. throughout this
quarter, the market has additionally seen Associate in Nursing addition
of one million
sq. ft. of mall area in metropolis. Despite this
addition, town has
witnessed the most quarter-on-quarter
fall in mall vacancy levels by regarding 2 per
cent on account sustained leasing action in main streets and malls.
 |
| city center |
 |
| sky walk |
 |
| phoenix market city |
ft. was launched in Velachery with
virtually full occupancy level.
This quarter has witnessed the delay
of 5 malls across Asian nation that
amounted to regarding one.
73 million sq. ft. with metropolis
seeing the delay of 2 malls of 530,000 sf.
 |
| phoenix market city |
1 mall of 700,000 sf mall area,
NCR and Bengaluru have registered the
delay of 1 mall every mensuration
five hundred,000 sf.
In Chennai, although the mall vacancy
level was reduced by 2 per cent to just
about half dozen.5 per cent, the mall rentals,
however, remained identical.
phoenix market city-velacherry
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