while mumbai also dropped by 58 in rentals followed by ahemdabad 55 chennai 54 hyderabad 52 bangalore 49 kolkata 45 pune 42 and dehradun 40 nearly 82 of the retailers said that they are shutting down some of stores in areas where rentals are too high and with the slowdown in consumption complicating things further while real estate prices and construction costs are rising but the retail business is not growing enough to absorb this said sunil kumar dhaiya cochairperson of assocham real estate committee retail rents are down 6065 from peaks in 2010 and thats especially painful for developers when servicing loans is expensive at 1213 percent interestsaid rawat nearly 76 of the shop owners said that increasing rents will not work because at the end of the day it has to be affordable for retailers to do business and the fate of the retail realty segment is intertwined with the retail industry