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![Early knell for mall-realty biz Early knell for mall-realty biz](https://assets.thehansindia.com/hansindia-bucket/7099_Shopping_Mall.jpg)
Notwithstanding the realty analytics agencies’ claim that the demand for commercial space is picking up across the metros and mini metros, the realtors air a different view. They did not see any big change in the commercial space sales, especially in Hyderabad, in the last three years.
Hyderabad: Notwithstanding the realty analytics agencies’ claim that the demand for commercial space is picking up across the metros and mini metros, the realtors air a different view. They did not see any big change in the commercial space sales, especially in Hyderabad, in the last three years.
For over two decades, Hyderabad is considered paradise for realty, especially commercial space, being 15 to 20 per cent lower in rental values compared to class 1 cities like Mumbai, Delhi and Chennai.
“There is no pick up in the sales of retail or commercial sales in the city and with the increased acceptance for the e-commerce activity, we cannot say how the market turns,” P Dasharath Reddy, President, Telangana Real Estate Developers Association, told The Hans India.
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