Business Standard

HNIs flock to commercial properties as residential market slows down

Strata sales in the top five cities last year were worth Rs 6,000 crore


Brokers get commission of 2-7 % in office properties

Raghavendra Kamath Mumbai
Last year, a Delhi-based high-net-worth individual (HNI) bought a 29,495 square feet commercial property in the Raheja Titanium complex in Goregaon East, Mumbai. The seller was based out of Kenya. Similarly, a tech-based fund bought 48,000 sq ft and 7,721 sq ft at the L&T Seawoods in Navi Mumbai and The Capital in the Bandra Kurla Complex, respectively. 

These two instances are not isolated. For, with residential markets continuing to struggle, giving poor yields and capital appreciation for investors, strata sales in office properties are seeing a sharp spurt in top cities, say consultants and investors. 

Strata sales are sales

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 26 2020 | 11:30 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to