Construction of malls to be paused by 2012
Beyond the year 2012 there won’t be new big malls in Mumbai city. The expansion of huge malls will be paused with the upcoming new construction projects in next one year. The experts feel that the real estate situation is going ironic as the Indian builders are more open to the construction of malls and are concentrating on the Foreign Direct Investment (FDI). The construction of big malls are paving way for the roll back of investments into glitzy shopping complexes, leaving the retailers worried about their expansion plans.
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