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Commercial realty market beginning to stabilise - 30th Jun 10

MUMBAI: With India\'s economic recovery well under way, its commercial real estate market is also beginning to stabilise, a report released by the
Real Estate Intelligence Services (REIS) division of Jones Lang LaSalle Meghraj said.

The report--The Seven Stars of India--India\'s best-performing micro markets for Occupiers\', highlighted the most favourable office micro-markets for occupiers of India.

The report further said that while the landscape will remain favourable for tenants in 2010, the landlords will have greater influence starting in 2011, which means they should be proactively looking to lock in attractive leases in the near term as the office rents are beginning to bottom out.

The enlisted \'star\' micro-markets score highest by virtue of a winning combination of high real estate development, coupled with a well developed support infrastructure and sustainable social and business environments.

\"With India\'s economic recovery well under way, its commercial real estate market is beginning to stabilise,\" JLLM\'s Associate Director (RIES) Abhishek Kiran Gupta said in the report.

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