The Carlton Towers, Bengaluru has become one of the city’s cheapest office complexes owing to an accidental fire that claimed nine lives in February six years ago. This tragic fire has left the 7-storey building without takers all these years.
Out of 104 units, only 14 are occupied in Carlton Towers now. The Carlton Towers Owners’ Association (CTOA) has dropped rentals to as low as Rs 40 per sft per month, from Rs 105 six years ago.
Office rentals in the Diamond District area of Old Airport Road are around Rs 80-100 per sft, and the lowest is between Rs 30-40 in the Electronics City according to property consultants.
Read more: Economic Times
