Track2Realty: Emerging markets are offering interesting investment opportunities in terms of shopping center development, according to the latest Asia Pacific Retail Trends and Retail Hotspots reports released by CBRE. The Asia Pacific market in particular continued to see a steady flow of new retailer openings in 2013, amid steady economic growth and generally positive consumer sentiment.
Track2Realty Exclusive: Romesh Singh, a resident of Bhiwadi is quite confused with the city that is fast evolving. After having spent around seven years in Bhiwadi, the city is no more the same that he can relate with. The shopping complexes, malls and the emerging lifestyle is something that he thought is meant for metro cities. But the retail revolution in this till only recently sleeping city has changed everything, adding to the lifestyle choices and hence confusion among people like Romesh.
Track2Realty-Agencies: India’s diversified group Godrej says its fast growing realty estate business could become the biggest venture for the conglomerate in the next 10 years.
Track2Realty: New Delhi witnessed the entry of 13 prominent global retailers in 2012 as compared to 27 in Singapore and 51 in Hong Kong, according to CBRE’s new Retail Hotspots in Asia Pacific report. Hong Kong, Japan and Singapore top the list of cities for new retailer entries across Asia Pacific.
Track2Realty-Agencies: DLF expects to raise about Rs 2,500 crore by end of this fiscal from sale of its two non-core businesses, luxury hospitality chain Aman Resorts and wind energy, a company official has said.
Track2Realty: Central Bank of India is looking ahead to cloak a total business of Rs 10,000 crore from home loan segment. The bank has been aggressively targeting prospective home seekers through its various initiatives.
Track2Realty: Everstone Capital has appointed Rajesh Jaggi as the Managing Partner for its real estate business.
Track2Realty: The Confederation of All India Traders (CAIT) has strongly objected to the reported statement of Ashok Chawla, Chairman, Competition Commission of India (CCI) who has openly favored FDI in Retail.
Track2Realty: Everstone has tied-up with Jones Lang LaSalle India (JLLI) for providing retail property management services to four shopping malls at Pune, Kochi, Vadodara and Ahmedabad.
The government’s decision to operationalise FDI in multi-brand retail would help the realty sector as the move would create demand for retail space and boost mall development in the country, real estate developers and property consultants said.