When Priyadarshini Mittal bought an apartment in a newly launched project along Dwarka Expressway in 2009, he was ridiculed by his friends, who felt that Mittal had invested his lifetime savings in a place R
The mood in the commercial real estate sector is downright doleful. Companies are going slow on expansion and industry reports suggest office absorption rates have declined by 37 percent this year from 2012 levels. CNBC-TV18‘s Priyanka Ghosh reports.
Commercial real estate, which had been a ray of hope for developers over the last six months, has also succumbed to the pressure, reports CNBC-TV18’s Priyanka Ghosh tells us why.