In a recent meeting in Zurich, the founders of RootBridge, Ajay P. Singh and Nayan Srivastava, discussed the potential impact of the new free trade agreement between Switzerland and India, which takes effect on October 1. While the treaty may not have an…
The Mumbai retail landscape is poised for an exciting transformation, with JLL analysts forecasting a vibrant expansion of premium malls packed with new local and global brands—all designed to elevate the shopping journey. Promising Growth on the Horizon As…
Indian developer Phoenix Mills has launched a 1 million sqft mall in Lucknow, called Phoenix Palassio. “Phoenix Palassio is the first mall to become operational of the five that we are developing as a part of our ongoing expansion of over 5 million sqft…
Indian retailers with stores in shopping malls are threatening to close shop if landlords do not meet demands for waivers and new rental agreements. Retailers representing 350 brands are seeking relief from tough rental commitments in the likely face of 12…
Malls in India affected by the coronavirus outbreak are seeking a bailout from the government to compensate for losses incurred during a mandatory shut down period through to March 31. The decision has affected both retailers and developers in the various…
Two giant Indian malls, in Nagpur and Amritsar, have been snapped up by Virtuous Retail South Asia for US$100 million. The 1 million sqft Amritsar centre and 700,000 sqft Nagpur property were bought from Tata Realty and Infrastructure’s Trilium shopping mall…
In a revolutionary development that could potentially redefine the global retail and e-commerce industries, Digital Mall of Asia (DMA), a first-of-its-kind digital e-commerce platform merging the real estate and the digital spaces, has announced the launch of…
LOTS Wholesale Solutions, a part of the US$ 50 billion Charoen Pokphand Group and a wholly owned subsidiary of Siam Makro Public Company Limited from Thailand, has unveiled its third wholesale distribution centre in India at Ithum, Sector 62, Noida. In 2018,…
Lulu Group Chairman and Managing Director, M.A. Yusuff Ali dedicated the newly-opened Rs 250 crore mall project – Y Mall to his home town on 29 December, 2018. M.A.Yusuff Ali’s grandchild, Ayan Ali cut the ceremonial ribbon, officially inaugurating the mall.…
2018 saw further liberalization of FDI policies, repositioning Indian retail on the global investment map and attracting a large number of global retailers into the country. In H1 2018, private equity investments into Indian retail swelled to over US$ 300…
Keppel Land, the property subsidiary of Singaporean conglomerate Keppel Corporation, is in a partnership to develop its first commercial property in India. The group has acquired a well-located 3.09ha site from Metro Cash & Carry India in Yeshwanthpur through…
The first automated, cashier-free store in India has opened its doors. Watasale, which has opened in Kerala, has no staff on sales or cashier duty and customers are not expected to scan products or wait in line. Shoppers carrying their smartphones can walk in…
Property consultant CBRE on Tuesday said the supply of retail space rose 27 percent during January-June period this year in seven major cities to cater the rising demand from domestic and foreign retailers. In its latest report titled ‘India Retail Market…
Indian malls have cracked the ‘how to attract the customer’ code. They have transformed into family entertainment centres, providing shoppers with the best of in retail, fun and food. They have morphed into theme malls, offering inviting and intriguing…
Tekka Place, an upcoming integrated development at 2 Serangoon Road, is poised to deliver a fresh and unique retail and lifestyle experience, aimed at adding vibrancy to the Little India heritage district. Named for its location straddling the fringes of…
JLL, one India’s largest professional real estate services firm, in their half yearly update note that net absorption in H1 2018 for retail space has seen a rise of over 75 percent year–on–year (y-o-y) recording a total absorption of 1.9 million square feet…
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