India has enough retailing in most micro markets, and there is sufficient experiential basis for retailers to understand the benchmarks and figure out if their products will work well or not. Experienced retailers right-size for efficiency, productivity and economy.
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Delhi NCR Real Estate Wrap-Up For 2012 And Projections For 2013
Gurgaon’s residential market performed decently in 2012, but the performance was not uniform all across. There were high levels of unsold inventory in some of the projects, while many others sold exceedingly well.
Everstone Ties Up with Jones Lang LaSalle India for Retail Asset Management
Everstone has tied-up with Jones Lang LaSalle India for providing retail property management services to four shopping malls at Pune, Kochi, Vadodara and Ahmedabad.
The Genesis And Dynamics Of Mall Management In India
Typically, the Indian psyche is skewed towards self-sufficiency, and many mall owners had, in the past, addressed mall management as a simple facilities management function. However, with the increase in competition, quite a few developers have started outsourcing the overall management of their malls to professional agencies. This trend is likely to catch up as the battle for footfalls in malls gets bloodier.
The Great Indian Mall: Evolution In Process
With the provision of more entertainment options in malls, Indian retailers now have vastly enhanced their ability to increase sales. Until recently, street markets and bazaars were the top performers in the retail space, and they were cornering a huge chunk of the overall sales. However, traditional markets now have to imitate malls by creating a better overall shopping experience for potential customers.
