The commercial real estate market is slowly reviving as higher government incomes and an improving economy are prompting customers to invest in market.Many builders, instead of selling their property, are signing rental deals. In one such deal, global consultant KPMG signed a deal with Lodha Developers for renting out a 130,000 square feet property at Mahalaxmi in central Mumbai, for a monthly rental of about Rs 160 per square feet.
The company has 5 commercial projects in Mumbai, in areas like Parel, Worli and Thane. In one such deal, Lodha also bid Rs 710 crore for NTC’s 10.3-acre Finlay Mill land in central Mumbai.
