We pick up some expert advice on the business of developing and managing malls.
However, Bengaluru is on a high with the share of IT/ITeS in the total office space transaction rising from 55 per cent in 2011 to 75 per cent till May 2012, according to data by DTZ, an international real estate research firm.
According to a survey, CBD occupancy costs in Mumbai and Delhi are $11,400 (approx Rs 5,13,000) and $8,150 (Rs 3,66,750) per annum per workstation.
Dr Cor van Zadelhoff is no stranger to India and comes here for both work and pleasure. A pioneer in the European real estate business, he has friends among the Indian royal families through the polo circuit.
Earlier, its attempts to monetise properties, including the 22-storeyed Air India building in Nariman Point, saw lukewarm response.
Experts are looking at a timeframe of anything between 12 and 18 months from the time of the new government for concrete signs of revival.
Air India is awaiting the Union civil aviation ministry's nod to sell its properties in Mumbai and Chennai
120 new malls came up in last two years, but 30-40 of their older peers downed shutters
Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts on Friday said a stable government at the Centre will help revive the property market.
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.