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The retail landscape in India is undergoing a consolidation phase, with retail sales projected to grow significantly by 2012-2013. Retail real estate supply increased by 15% in 2008-2009 but many projects were deferred by 12-24 months. Malls that were initially launched with 100% occupancy now have vacancy rates as high as 35-40%. Foreign direct investment in retail trading is regulated, with 100% FDI allowed for cash-and-carry wholesale trading, 51% FDI allowed for single-brand retail subject to conditions

Author

Priyanka Purkayastha

Language

EN