In the backdrop of price correction in the real estate market across the country, Nahar Group's retail venture Cotton County Retail is asking mall developers to reduce rentals.

'We are asking mall developers and property owners at high street markets to bring down the rental amount in line with the current pricing of the property in light of slowdown in demand,' Cotton County Retail Vice-President Sachin Sahni said in Chandigarh.

'As per our expectations, the rent at high street market should come down by 15-20%,' Sahni said.

Financial Express