There are positive signs for commercial real estate. The demand which were down in the last oct-nov 08 has suddenly risen up by 50-70% in the first quater of 2009. Certain sectors which were not doing well in the down turn are now thinking for the expansion plan. Some sectors like pharma,health care,education,FMCG,infrastructure are comparatively less affected because of the down turn. Property advisory company has started to see new interest since the starting of january. Some leasing deals have already started in the past few months. According to sources, United Power has taken 20,000-25,000 sq ft space in 3C Group’s Green Boulevard, Mid Land Credit has taken 80,000 sq ft in sector 44, Gurgaon, a management institute has taken 44,000 sq ft in Gurgaon, Pacific Diagnostics has picked up 1,500 sq ft at Global Orchid and Future Generali has 6,000 sq ft at sector 29, Gurgaon. This is a good time to do a thorough site search and selection to get the best product at the best rate and then take a decision in the next few months.
