Retail Fdi A Win – Win Situation For All

By Author: Hemanta Kumar
Total Articles: 1
Comment this article

The decision of the government to allow 51% FDI in multi brand retail and 100% FDI in single brand retail has mall developers and retail consultants excited.

Real Estate Major DLF Place Vice President Arindam Kunar said that the decision will lead to increased demand while DLF Promenade Mall Senior VP Pushpa Bector said that it provided a great opportunity for malls to grow. Discerning customers would also benefit with the availability of a wide range of international brands.

Consulting Group CII Boston has said that the organized retail market in India is presently only $28 billion. This is hardly 7% of the total retail market. With the change in FDI norms it is expected to become $260 billion by 2020.

Pankaj Renjhen, the Managing Director of retail services at Jones Lang La Salle also said that the real estate market would be presented with tremendous opportunities. There would be considerable expansion in the retail segment despite the present slowdown in the economy. In fact there was an oversupply of retail space in some of the major cities. This would, in the changed ...
... scenario, be an advantage and several international brands would be able to start their operations at the earliest.

Realty major DLF has said that it expects to develop 4 million square feet of mall space over the next five years. The expenditure would be in the region of Rs3,000 crores. Unitech also said it will develop 13 new malls in the next four years at an expenditure of Rs 4,000 crores.

India is one of the world’s largest untapped markets. The change in FDI norms will open the doors to a whole range of fashion and lifestyle brands giving the Indian consumer a truly international shopping experience. It appears to be a win-win situation for everyone.

Bumprealty.com is an exclusive city based free real estate property listing website for Indians. Where you can buy – Sell – Rent-Lease & Search Residential and Commercial property listing in your city for free..!!! Post your Property Ads on real estate classified by visiting our website www.bumprealty.com now!