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Mumbai is losing its commercial capital tag
Updated On: 28 October, 2012 06:42 AM IST | | Varun Singh
Reports say the city's commercial real estate market is slowly shifting to Hyderabad and Chennai
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Mumbai’s commercial real estate market is slowly shifting from South Mumbai and Bandra Kurla Complex to the suburbs.
This is related to the country’s overall commercial real estate market situation. While southern cities such as Hyderabad and Chennai have shown an increase in commercial office sales, prime commercial cities such as Mumbai, NCR and Bangalore have seen a dip. Reports suggest that the rentals have either dropped, or have not increased at all.
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