In a recently completed study by JLL, retail supply in the next three years is expected to be at 19.4 million square feet (msf), with 2018 seeing the highest supply since 2011.
With the Union cabinet approving certain changes to the FDI norms directly impacting the sector, real estate in India is expected to take a new leap forward.
Pankaj Renjhen, Managing Director – Retail Services, JLL India With retail assets becoming more lucrative thanks to the impending launch of real estate investment trusts (REITs) in India, the ticket sizes of investments into retail real estate (hitherto largely limited to the metros) has picked up pace in Tier 2 and Tier 3 cities. In fact, the period between 2015 and Q3 2017 saw an
Report highlights retail sector’s growth potential in Tier 2 and 3 cities Analyzes how mall withdrawals in Tier 1 cities have kept the vacancy levels stable Identifies top 20 cities that will drive retail growth basis total retail stock, upcoming supply, retailer presence, retailer expansion plans and investments Jaipur ranks 1st in total current retail stock while Lucknow ranks 1st in upcoming retail supply New
There is a visible change in the appetite of retailers, especially in the food and grocery business. So, why are supermarkets out shopping?
Once enforced, the ‘open all night’ policy is likely to boost F&B, entertainment and retail markets in the ‘city that never sleeps’.