With FDI now permitted for multi-brand retailing in India, global retail giants are now zeroing in on India. We will see the arrival of multi-brand luxury chains in Delhi NCR, Mumbai, Bangalore and Chennai, with mid-segment retail chains such as Macy’s and Primark focusing on all cities. However, the biggest game-changers and most obvious beneficiaries of the opening up of FDI in retail are the hypermarket chains such as Wal-Mart, Tesco and Carrefour.
Courtney Walsh – one of international cricket’s most accomplished and celebrated exponents – held court at an exclusive town-hall at the Mumbai office of international property consultancy Jones Lang LaSalle India and shared invaluable insights on the importance of teamwork, collaboration, leadership and professionalism with JLL’s staff.
The availability of skilled manpower supported by availability of cost effective commercial real estate – especially in terms of Grade A projects – continues to drive demand for office properties in Pune.
A confluence of global events, high deficits and stagnation in the residential sector might lead to a difficult 2012 for the real estate industry in India.
Redevelopment as a method of urban renewal may involve relocating businesses and people. It must produce tangible economic benefits so that the trouble and expense of redevelopment is justified.