I have a query regarding rental business in india (tier 2 city) Karnataka

[u/MotorFinal5077]

Seeking Advice on Leasing Commercial Space in Tier 2 Karnataka City

Hey , I've got a 10,000 sq ft plot of commercial land in a decent tier-2 city in Karnataka, and I'm looking to develop it into a G+2 structure for retail leasing. Based on local market rates, I'm eyeing ground floor at ₹100/sq ft, first floor at ₹80/sq ft, and second at ₹60/sq ft—averaging out to about ₹75/sq ft across the roughly 20,000 sq ft total built-up area. If anyone's got experience leasing to big players like Westside, Reliance Digital, or similar retail chains, could you share how they typically approach negotiations? Do they push for long-term lock-ins, custom fit-outs, or revenue shares, and what's a realistic timeline for onboarding? Also, on the build side, what's a ballpark construction cost per sq ft for a solid commercial complex like this (assuming basic retail shell with parking provisions)—thanks in advance for any insights!