| The
Indian Retail industry has been ranked 5th among
the world's emerging retail markets, by the global
real estate consultant - Knight Frank. Things are
looking particularly rosy in the organised retail
segment. With an estimated value of $4.24 billion
in the last fiscal, this segment is expected to
have an enhanced growth rate of 20% by '10.
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Our Say |
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| In
spite of the current boom in the retail
industry- the unrealistic conditions,
which restrict foreign investment in
real estate to township development,
come as a damper. However non-resident
Indians can invest in the real estate
development sector. Therefore, it is
possible for foreign property developers
to tie up with NRIs to invest in property
development in India. |
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Also
interesting to note is the fact that while retail
sector growth was once restricted to the tier I
cities, retailers are now increasingly focusing
on tier II cities like Nagpur, Jaipur, Pune, Chandigarh,
Lucknow, Indore and Cochin. Integrated retail-cum-entertainment
complexes are also on the rise, with an increased
focus on malls as opposed to stand- alone development. |
