Indian Retail Real Estate jumps to 78%.

Q: Cheers!!!! Hey it seems that Indian Retail and Real Estate have jumped to 78% in recent times.

Sandeep Mhatre, Mumbai

28th January 2014

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Replies (2)

Hey All,

i came to know that rental values showed a mixed response across top Indian cities. While places such as Khan Market in Delhi, Brigade Road and Commercial Street in Bangalore witnessed an overall upbeat in rental values, the saddest part is that the shopping hubs in Eastern Mumbai and south Bangalore saw a decline.

Arup rajan, Mumbai

28th January 2014

Comment

Hi Arup,

Surprisingly to note that rentals have declined in cities like Mumbai and Bangalore while Pune registered an overall rise in its rentals in malls while the property prices remained stable. Another interesting point to note is that US is the one who have made a giant entry and invested nearly 49% in Indian retail followed by Italy with 9% and Mexico by 6%. Becoz of international brands becoming a front runner in many malls, it has definitely given Indian retail industry the biggest blockbuster in recent times.

Ramesk Polekar, Mumbai

28th January 2014

Hi Sandeep,
Yeah even I too came across that Indian Real Estate Industry and Indian Retail have posted a 78% jump in the previous year ending 2013. With Govt encouraging FDI, it has boosted the retail market to a great extent. Though most of the growth took place in Tier 2 cities, metro city like Mumbai and NCR region also showed a positive trend.

Vinay Dixit, Mumbai

28th January 2014

Comment

Yeah Mr Vinay,

I fully agree with you. It seems that Foreign Investment Promotion Board has approved 12 major proposals worth 820 crore from retailers. Last year many global retailers entered the Indian market and made a strong presence of their international brands in Indian market.

Ravi Waghmare, Mumbai

28th January 2014