retail real estate in India
The recently concluded national elections marked the rise of BJP as the single largest coalition party. Narendra Modi will soon be sworn in as the 15th prime minister of India. With this major political development, Cushman and Wakefield expects major politico-economic conditions of India, with a significant impact on real estate. Executive Managing Director of [...] Continue Reading »
Virtuous Retail (VR), a retail real estate company sponsored by global investment firm, The Xander Group Inc., is developing a pan-India portfolio of retail, lifestyle and community centers. VR is currently building eight large format retail shopping centers in city center locations across India. Majority of these are expected to be operational by 2015. Virtuous Retail’s [...] Continue Reading »
International property consultant Jones Lang LaSalle has stated that India and China are leading the list of top 20 destinations with the strongest retail real estate momentum. The shopping centre stocks in these countries are projected to grow by around 15 per cent per year until 2020. However, the firm states that India falls short [...] Continue Reading »
DLF earlier closed their deals with Giorgio Armani, now planned to separate itself from the partnership program with Italian luxury brand Salvatore Ferragamo. DLF is now planning to move out from luxury business and wants to focus on premium and bridge-to-luxury fashion brands. As the cost of retail real estate in India is very high, [...] Continue Reading »
