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India’s retail sector expected to become $1.3 trillion of size by 2020: Asma Javed

Real Estate is a sentiment-driven sector, where market sentiments play a major role in defining its growth path. But when it comes to retail space, real estate’s one of the subsets, it is the market trends and projects that guide the sentiments. And, it is this difference that Ms. Asma Javed, in her candid conversation with Team RealtyMyths, explains to us. Ms. Javed recently moved to Gulshan Homz as Head-Leasing Retail Commercial, where she will take care of the retail leasing division. It was a pleasure talking to her. Here are the excerpts of the conversation. RM: Gulshan Homes is known for its construction quality and is one of the biggest names in the NCR real estate market. What are your expectations from the company, now that you are a part of this name? AJ: Well,  Gulshan Hom...

Virtuous Retail South Asia acquires North Country Mall for 700 Crores

Virtuous Retail South Asia Pte. Ltd. (VRSA) today announced the acquisition of the 2 Million sqft. North Country Mall from Sun Apollo / Gumberg for INR 700 crores (~ USD 108 MM), including paying down debt. With this acquisition, VRSA establishes its presence in North India, adding to its existing award-winning portfolio of community-centric centers VR Surat and VR Bangalore, and the 2 Million sqft. VR Chennai slated to open in Q4 2017. VRSA’s India retail portfolio now stands at 5.5 Million sqft. RM Correspondent North Country Mall, located in the Chandigarh Capital Region, is one of the largest operating malls in Punjab. Built on a sprawling 22 acres on the arterial NH 21, it benefits from a great location in the upmarket and high income residential suburb of Mohali, also known for its i...

Delhi-NCR is the default ‘Mall Capital’ of the country

Souma Mukherjee/RealtyMyths DLF Mall of India, country’s first destination mall officially opened its doors for customers on April 27, 2016 in Noida. DLF Mall of India soft launched in mid December 2015 and saw the fastest ever build up to launch with 250 brands in just 4 months. The mall houses over 330 brands in total which will be opening within the next quarter. The essence of the mall is that of a destination, which encapsulates not just shopping but a never-before food & entertainment experience, which is thoughtfully and craftfully divided in 5 zones spread over 7 floors. The concept of Happy Mallidays has been derived from the fact that in a mall so big and fulfilling, a customer will experience the feeling of a holiday. The campaign positions DLF Mall of India as the ultimate ...

USD 75-80 Million PE Investment Expected In Retail Real Estate In 2016

FDI In Retail Trading Increased To USD 70.75 Million Between October 2014 & September 2015 The retail sector can look forward to a more cheerful 2016, given some good initiatives taken by the government. In 2015, single-brand retail saw relaxation in sourcing norms, which is expected to rack up FDI inflows in the times to come. Moreover, in the Budget 2016-17, 100% overseas capital was allowed in processed food retailing through the Foreign Investment Promotion Board (FIPB) route. Already, the FDI inflow in retail trading increased between October 2014 and September 2015 to USD 70.75 million. This – coupled with economic stability, liberalisation of the FDI policy and improvement in the consumer sentiment – is expected to help global brands witness a very conducive environment for inve...

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