Mumbai Terror Attacks affect Demand for Office, Retail Space

Terrorist created history by attacking Mumbai which was worst terror attack in India. India suffered a big loss in this attack. Many Indian citizens, foreign tourists and Indian security personnel had lost their life. The terror attack destroyed the business in the economic capital of India. It was estimated a 4000 crore business loss in those four days.

The terror attack may affect demand for office and retail space in Mumbai as people feel insecure about safety of their own and business. The demand of commercial real estate depends upon the come back of confidence in the foreign investors. The terror attack left a deep impression on sentiments and confidence of the investors.