The commercial market in Calcutta remained weak, largely due to the number of transactions being low. Most of the property owners have retained their properties in the hope of the real estate market getting better. The commercial market in Calcutta witnessed some inquiries coming in from multinationals. However, the transactions still maintained a very thin volume. The rental market for commercial properties has been more or less stable, specifically in the case of small and medium sized properties. Most of the property owners are hoping for demand to come in from the domestic and international retail chains to set an upward trend in the commercial market. However, the supply still remains large and one needs to wait and see if the market takes a favorable turn in the year 2000. This increase in supply has been mainly due to the downsizing of operations of many corporates and secondly an increased activity in commercial construction by corporates and private developers.

Recent commercial property dealings done by Pioneer.

1. Mall Sprawl in deep North ...

2. Reliance Retail buys Space at Rajarhat...