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Snapshot of the Report:
A concentrated effort by the government has managed to revive the Indian economy and 8+ % of growth is expected in 2010.
Signs of revival in the CBD market, with further supply coming up in Grade A properties, and the Metro Rail nearing completion, leasing activities is expected to pick up in 2010.
The SBD markets of Bangalore will be the engine of growth as completion rates along with rental and capital values being high.
Mixed responses from the PBD market with Whitefield becoming a hot destination for office space.
The retail market’s turn around and expansion plans are being executed. About , 3,585,000 sq ft of area is under construction.
Due to cheaper interest rates, demand for residential property has shot up, especially in 950-1050 sq ft category in Peripheral Residential Market, 15000 apartments scheduled for completion in the following years.