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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...

Ms Asma Javed Joins ATS, To Look After Commercial Leasing Business

What once considered to be a ‘Male-Preferred’ market, the perception about the real estate market has changed a lot in the last few years. The sector, like any other growth-oriented sectors, now prefer talent over the gender. ATS Infrastructures, leading from the front, appoints Asma Javed as AVP where she will take care of its Retail, Commercial & Business Development portfolios.  Asma Javed brings on the table more than 15 years of rich experience in retail and commercial leasing, with some of the renowned MNCs as her clients. Team RealtyMyths got an opportunity for a candid conversation with Asma at her new office. Asma Javed shared her views on the recent trends in the retail and commercial real estate and said that apart from IT, ITes and e-Commerce segments, single ...

Can IKEA Become India’s Favorite Furniture Destination?

It is the journey of only a few decades that made IKEA a multinational corporation. The Swedish furniture retailer offers a wide range of products at affordable prices. Started by Ingvar Kamprad, IKEA originally sold things like wallets, pens, jewelry, and watches. Furniture was included in the range in 1947. It positions itself as a service provider that gives a unique experience to its customers. As soon as the customer enters an IKEA store, he/she is made to explore the store by following the arrows that leads you through a path that highlights the components of the store. In this way, the customers are encouraged to interact with the products. Mythbuster Anushree With strong economic development, Indian middle class has made some strong aspirational choices, the market is expected to g...

Pune’s retail real estate sector: The game gets real

While the demonetisation wave put a dampener on residential sales across India, the retail market was comparatively unaffected and showed good flexibility in terms of a steady consumer spending pattern. Pune’s retail market is receiving considerable investment attention from global retail players. Many international brands that preferred to be present only in the bigger metros have recognized the potential of Pune as a model city to expand their footprint and study consumers’ behaviour patterns. This has led to a reinforcement of the mall culture in Pune. There has been some important supply augmentation on Pune’s retail real estate market recently, particularly Westend Mall in Aundh and The Pavilion Mall on S.B Road, which is slated to become operational in 2017. Rental Growth The rental ...

Retail Real Estate Regains Sheen

“The retail real estate market has, once again, gained its lost charm. the overall vacancy levels decreased in the year 2015 despite rise in completions; recent retail-friendly policies by the union government bode well for the sector” Anuj Puri Limited Quality Supply and Growing Demand High vacancy in the post global financial crisis years, coupled with a poor consumer and retailer sentiment, led to many developers either deferring launch of proposed retail real projects or shelving them altogether. Therefore, the current decade started with falling new supply and demand from retailers. Post that, there was a period of global economic weakness, coupled with domestic problems pertaining to negative influence of the pre-election uncertainty on business environment as well as con...

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