Net addition to mall space in Chennai, Delhi, Bangalore, Mumbai, Kolkata, Hyderabad and Pune is set to more than double to 11.6 million square feet in 2014. This will take up the mall stock across India’s metropolitan cities to 87.7 million sq feet by the end of the year, according to a new report by…

The next few years will see a quantum spurt in the services and knowledge sector, opening up tremendous opportunities for the retail investor. Buying an office or retail space is a huge investment, which is why commercial real estate has been traditionally seen as an asset class that only institutional investors or heavyweight HNIs could…

The Indian consumer did not disappoint. Early trends indicate they shopped with full vigour this Diwali. Everyone from hawkers on the streets to luxury brands on the high streets had pinned their hopes on the festive season this year, and from what retailers say, they are all heaving a sigh of relief. While mobile phones…

Since the Millennium City is the financial hub of the NCR, it becomes a natural choice for the Mercedes-Benz India to set up its largest workshop in north India here, said Eberhard Kern, managing director & CEO, Mercedes-Benz India, on Thursday. Inaugurating the workshop, Kern said: “We are excited to launch the ‘My Mercedes’ programme,…

With an increasing number of shoppers actively looking for deals, Republic Day has emerged as the single non-festive created event which generates a shopping frenzy that few other urban events can match. A deep dive into the trends over the last two years indicates a surge in retail sales performance especially for FMCG in modern…

Private equity (PE) and venture capital (VC) firms continue to bet on India’s consumer goods and services sector despite economic growth having dipped to its lowest in a decade. PE and VC investments rose over 46% in the first half of fiscal 2014 from a year ago, with consumer companies in retail, e-commerce, consumer packaged…

The fast growth in India’s luxury retail space will push up the total retail market size to $ 650 billion by 2017, a report said but it warned lack of quality real estate may put spanners in this expansion. In a report titled ‘Luxury retail: Evolution and future prospects’, property consulting firm Cushman & Wakefield…