In Hyderabad, demand has been low in Banjara Hills, Jubilee Hills, Secunderabad and Himayatnagar. Demand has also been subdued in the IT corridor of Madhapur and Gachibowli and rentals have remained stable.
Begumpet, Rajbhavan Rd, Jubilee Hills and Banjara Hills Grade A Office Rentals have been stable at Rs 65. INR 42 at Hitech City, Gachibowli. Rs 30 - Rs 35 at Ameerpet, Pocharam, Shamshabad, Himayatnagar.
Pune is witnessing a slowdown. Some IT SEZ developers have deferred their decision to commence construction. Going forward rentals are expected to remain either stable or undergo a
correction in certain pockets.
Grade A Offices in Shivaji Nagar, Bund Garden Rd commanded rentals of Rs 100. Kalyani Nagar, Shankarsheth Rd were next in line at INR 70 while IT corridors of Hinjewadi, Kharadi, Hadapsar can fetch Rs 50.
Kolkata - The city which witnessed the shifting of Tata's Nano car is likely to undergo some deeper correction according to industry insiders. We have already written how Land Prices crashed in the vicinity of Singur and Salt Lake.
Park Street and Camac Street havs witnessed fall in Grade A office space rentals from Rs 150 to Rs 120 while Salt Lake and Rajarhat have been stable at least until Sept around 50.
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