The commercial real estate sector has shown some resilience during the first half of calendar year 2010 on the back of economic recovery. Most markets across India have started recording stable rentals, indicating a gradual recovery in demand. This trend is expected to remain constant in 2010, where consultants anticipate rental values to remain stable with a strengthening bias across established markets like Mumbai (BKC) and Delhi (NCR and Gurgaon) regions. Axis Bank recently bought 4,00,000 sqft from the Wadia group at Worli for Rs 640 crore. A Bhushan Steel consortium purchased 200 acre at Kharghar in Navi Mumbai for approximately Rs 1,530 crore. These large scale commercial transactions are a signal towards the revival of the markets and will propel other large space occupiers to quicken their decision making for real estate, sources said. 21 June 2010 The Financial Express
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