Reforms to boost mall development: JLL
The recently announced retail reforms have created a positive sentiment in the industry.
Jones Lang LaSalle India Chairman and Country Head Anuj Puri has stated that the new development will boost mall development in India. He stated that it will push up absorption of surplus retail space in shopping malls across the country.
Similarly, developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI) also appreciates the government initiative and states that Foreign Direct Investment (FDI) in multi-brand retail would enhance the business of companies developing mall.
Since many global brands are keen to come to India, the initiative is highly likely to invite new players coming in, boosting new demand in the real estate sector for retail spaces.
To read more real estate news:
Retail Stock in India and China to grow by 15% untill 2020: JLL
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