Bangalore, Chennai and Hyderabad are witnessing high rental growths according to a study by Cushman and Wakefield [Cushman's survey is mostly for upscale properties in elite areas].In Bangalore, Commercial Street and Brigade Road vicinity continue to be prime retail locations. Kormangala and Indiranagar are also witnessing small brand retail operations.
In Chennai, Khader Nawaz Khan road has witnessed 100% jump in retail rentals YoY. This region has presence of retail brands such as Benetton, B&O, Wills Lifestyle, Atmosphere, Movenpick etc.
In Hyderabad, Banjara Hills and Jubilee Hills are preferred by new-age retailers. Demand far supersedes supply in these areas and hence Begumpet is witnessing hectic activity with 100% rise in rentals YoY.
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