Organized retail in India has been growing at a tremendous rate and enjoys the status of being one of the 10 largest retail markets in the world. The current growth trends present large prospects in the retail real estate segments.
According to the real estate trends report compiled by Merril Lynch, the number of malls in big cities including Delhi, Mumbai, Hyderabad and Pune will touch 250 by 2010, which is over 100 at present.
Small format malls are also mushrooming and the real estate developers, nowadays, are in a mood to offer neighborhood shopping experience to their tenants complementing retail and real estate to each other.
Consumers too are largely inclining towards contemporary style of exclusive goods and retail models. The new models, being designed for retailing in India, are transforming the fragmented sectors into organized retail landscapes in India.