retail real estate market
The mismatch between supply and demand for retail space in the southern India is growing worse. The real estate builders continue to build malls in a saturated market and as a result, by 2014 there will be an increase in supply by 100 percent. Over the next two years, Bangalore will have 27.602 million square [...] 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 »
Retail demand in Hyderabad has remained stable in past couple of months. With vacancy remaining stable in the existing malls, retail real estate scenario is creeping up in the city. Some of the recent retail transactions have been KFC leasing space at Abids and Towlichowki, Kalaniketan leasing space at Kukatpally and Tanishq leasing space at [...] Continue Reading »
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’ [...] 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 »
Studies show that new mall supply is reducing in the first half of this year. As a result, high street rentals in Mumbai’s retail real estate are on the rise. With developers focusing on cutting down the current mall vacancy and hence cutting down on new launches, the lack of quality mall space is pushing [...] Continue Reading »
The heat of mall culture across national capital region (NCR) seems to be gradually cooling off. As per Cushman & Wakefield’s (Q&W) recent report on the national retail real estate market, the region has been witnessing the highest ever deferment of new floor space additions and vacancy levels within its malls. The region has observed [...] Continue Reading »
In the global retail development index India is standing at fourth place, as it has a huge opportunity for retail growth. As the retail industry in India is expanding, the consumption of commercial real estate spaces will increase in near future. Though there is huge potential for the retail market to consume the commercial projects, [...] Continue Reading »
