Many new malls coming up in Bangalore

Q: There are so many malls existing and upcoming in Bangalore.. Is there so much demand for malls now?

sindhu, Mumbai

19th October 2012

Real estate News in Bangalore

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This is what happens when there is more supply but people ready to expand are only few.. so many retail spaces are being developed assuming they will be occupied soon, but the demand for those spaces itself is low.. so they are left to lie vacant..

Shankar, Mangalore

19th October 2012

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Yes Vidya, you are right.. Brigade road observed a decline of about 19% in the rental values recently..

Mohan, Bangalore

19th October 2012

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Hey guys, I heard that even in Brigade road the rental demand is coming down.. it is such a posh locality right.. and is this true that there rental rates are going down?

Vidya, Bangalore

19th October 2012

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Hi Sindhu & Debashish, there aren't many retailers presently who are looking to expand their business.. That's why the leasing activities are slowed down..

Mohan, Bangalore

19th October 2012

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Hi Sindhu.. In the recent quarter, about 3,60,000 sq ft. of mall space was freshly supplied in the city.. High supply is reducing the demand for malls..

debashish, Hyderabad

19th October 2012

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