Rising real estate rates in Mumbai and other metropolitan cities have led to an increase in rental values, up to 11% in Mumbai. South Mumbai saw a drop, but suburbs experienced significant growth.
A high-end apartment in Gurgaon has been leased for Rs 1.2 lakh per month, reflecting the ongoing demand for rental properties in the region.
The commercial real estate market faced challenges in Q2 2008, with stagnant office demand amid cautious company expansions, according to Cushman & Wakefield's report.