Commercial space rentals on gradual rise in Kolkata, aided by 20% spurt in transactions

Commercial space rentals are on a gradual rise in Kolkata, thanks to a 20% spurt in transactions in the last two quarters. The average deal size remained low at 7,500 sq ft in the upcoming business locations and industry experts predict a 5-10% surge in rentals in the next six months at prime locations such as Salt Lake Sector V , Rajarhat and commercial pockets on the flanks of the EM Bypass and Topsia. The Bengal government’s SEZ policy for the IT sector has been the biggest hurdle for software and hardware companies to invest in the state. The matter has been hanging fire since Mamata Banerjee government took over in 2011.

Read more: Economic Times