Big hypermarkets, cash-and-carry outlets, furniture dealers and designer wear stores often cannot find sufficiently large retail spaces within the city. Such stores tend to look for out-of-town properties in locations which are in line for anticipated growth as indicated by the directions in which the city is expanding.
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.
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.
In terms of residential real estate, the best performing areas in 2012 were Hebbal, Sahakar Nagar and RT Nagar in North Bangalore. These locations saw the highest demand and appreciation for residential property during the year.
In terms of commercial real estate investment potential, Mumbai, Bangalore and Delhi NCR will continue to be of highest interest to big ticket investors focused on real estate in 2013. We also expect investor-driven demand to remain upbeat in Chennai, Hyderabad and Pune. Mumbai