Wednesday, May 03, 2006

MCD Demolishing Drive...


The last quarter saw nearly 700,000 sq ft of office space being transacted in the region, of which two-third was in Gurgaon. Sources say that about 23.2 million sq ft of total retail space is expected to enter the market by end-2007. Moreover, the recent MCD demolishing drive has sparked off a booming demand for alternative commercial space, not just for the already demolished shops, but also for fearful others.

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Source IIPM-Editorial,2006