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News & Views on Indian Real Estate

Tuesday, April 29, 2008

Organized Retail and Real Estate – Booming Together

India is beginning to make news worldwide. It’s just the right time to think India. There's a new sense of confidence in Indian business. This confidence arises from the growing success of Indian enterprise in the face of competition in an increasing number of sectors. The India growth story is going stronger than ever. Favourable demographic and psychographic changes relating to India’s consumer class, international exposure, availability of quality retail space, wider availability of products and brand communication are some of the factors that are driving the retail in India. Real estate consultancy Jones Lang Lasalle Meghraj has identified 50 Indian cities that are likely to witness most of the retail action over the next couple of years — both in terms of development of malls and advent of organised retailers. And Jaipur, Lucknow and Kochi find mention among cities poised for “high growth.

The world is now looking at India as the nation of the future. More significantly, India is well on its way to emerging as a first-world economy in the fields of information technology (IT), biotechnology, pharmaceuticals and the automotive sector, pushing the thrust now on to the retail sector to facilitate the creation of a new surging modern India. The real estate boom in India will not only propel the economy to sustainable heights, but will also generate employment for several millions. It is strongly expected that the growing Indian economy and growing opportunities will ensure that the foundation is laid for India's tryst with destiny and for it to be fully integrated into the world economy.

Rajani said...

Retails and real estate are rising with each other. Reatil market is helping real estate to establish.

' said...

but now a days their is not any type of booming whatever in retail secor or in real estste there is a little declicned in these two sectors

Vikas Bamotra said...

The rising steel and cement prices during the past few months coupled with the global hike in the prices of metals has come as a “rude shock” for those constructing their “dream houses” and more so for those who dreamt of a house of their own.
It will effect the boom of real estate market.

Architectse said...

I really like your blog it’s excellent…


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